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US Prepares For Gold Standard



-- Posted Wednesday, 18 August 2010 | | Source: GoldSeek.com

By Bix Weir

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I have often written about the US Treasury and US Mint's very strange behavior when it comes to their part in continuing "business as usual" for the fiat monetary system. Although many have chalked up the Mint's rationing of Gold and Silver American Eagle coins to normal behavior of inept government employees and government bureaucracy, I have a much different take on the subject. I believe they are trying to DELAY and LIMIT the American Eagle program until such time as the US is ready to go back on a gold and silver standard.

To understand this objective it helps to go back to a very important moment in our monetary past...

It was March of 1982 when Reagan's Gold Commission released their final report on the "Role of Gold in the Domestic and International Monetary Systems". Although the Commission's recommendation was "no change necessary at the moment" the report was surprisingly frank about what the future might hold. The full report can be found here:

Gold Commission Report

What I found most interesting is the report's conclusion on page 21 which I explored in this article:

Gold Standard Implementation Update

http://www.roadtoroota.com/public/117.cfm

It is clear to me that from as far back as 1982 the US Government was aware of the potential (or even the likelihood) of a need to return to a Gold Standard. In 1985, Congress even went so far as to begin the re-implementation of Gold and Silver coins into our population by authorizing the "Bullion Coin Act of 1985". This act was following through with the recommendation of the Gold Commission's "Minority Report" written by our friend Ron Paul and Lewis Lehrman:

http://mises.org/books/caseforgold.pdf

Recently the BBC ran an article pointing out that the US Mint is HOARDING over $1.1B of the new $1 coins and nobody can figure out why...

http://www.bbc.co.uk/news/world-us-canada-10783019

Is it only a coincidence that the US Treasury is also delaying the introduction of the new $100 bills until Feb 2011 when they've been in production for over 2 years? My take on the new US $100 bill can be found here and the implications are staggering if I am correct:

Hidden Meaning in the New $100 Bill

http://www.roadtoroota.com/public/261.cfm


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So let's add up all the information we know about the strange behavior coming out of the US monetary authorities...

1) All US Bills have been redesigned EXCEPT the US $1 Bill with all the Illuminati references on the back.

2) The US Mint is hoarding the new $1 coins to the tune of over 1 BILLION coins.

3) The New US $100 Bill is being held back and stockpiled even though it is the most counterfeited bill in the world.

4) The new US $100 Bill is full of references to gold and overthrowing our government when they gets out of hand.

5) The NEW SF Mint project was scheduled for opening in 2008 but has been delayed even though many say it's ready to go (http://www.themintproject.org/our_bold_plan/index.html).

6) The rationing of gold and silver US Eagles is completely illegal and yet the US Mint continues to ration (http://www.roadtoroota.com/public/330.cfm)

These unique oddities in the behavior of our monetary authorities can ONLY be understood by knowing that they are PREPARING for some event that they KNOW is coming very soon. I believe the total and complete destruction of our fiat monetary system is that event. Many mainstream monetary commentators predict that the end of fiat money is inevitable but it will take another 5-10 years to transpire. From my work on the Road to Roota Letters this transition will not take place in a matter of decades... but a matter of MONTHS!

We are on the brink of something the majority of people in the world are not prepared for. The complete elimination of fiat money and a return to a gold standard. The US Treasury and the US Mint are walking the same fine line that the CFTC is walking as they try to slowly introduce position limits on gold and silver COMEX contracts. Nobody wants to ROCK THE BOAT and get blamed for the crash but all are preparing for the END of fiat money.

It's only a matter of time.

May the Road you choose be the Right Road.

Bix Weir

www.RoadtoRoota.com


-- Posted Wednesday, 18 August 2010 | Digg This Article | Source: GoldSeek.com




 



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