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Don Locke: Lookin Thru Bifocals

One of the most important verses in the Bible is, “Money is the root of all evil”. It actually says, “The love of money is the root of all evil. (I Tim. 6:10). Don’t grab your channel-changer, this may go somewhere.
    The newer the history books, the less we find out about history. That’s why young people know less of the past.
    Way, way on back John Q. Trustworthy of any community was allowed to engage in the business of Free Coinage. Most history books now mention very little, if any, about free coinage. It’s too “freedomish.” This is the way it worked: Folks would take their gold: nuggets, dust, or whatever, to the local coin maker to have gold coins of different denominations struck (made). This was a medium of exchange – money, as it were. It worked on trust and fairness. The coin maker exacted a fee in gold.
    The federal government couldn’t stand this. They didn’t have a finger in the pie. They put one in. They began their own coinage business. Then in 1934 they stole most of the pie. Under the prodding of F.D.R, congress authorized the Secretary of the Treasury to call in all the gold in the circulation and issue paper money backed by gold. In other words, each dollar of paper money was supposedly backed up by a dollar’s worth of gold.
    But there was a clod in the churn, a big clod. In January 1934 President Roosevelt proclaimed that the new gold dollar paper certificate would from then on not be worth a dollar, but worth only 59.06 cents… effectively cheating each citizen 40+ cents out of each dollar of his money; putting the rest in the federal coffers.
    That brings us to the present. Since the US Fort Knox gold depository was built, many other nations around the world store their goodies here – gold, etc. up until after WW2 England stored their Crown Jewels here. Countries used our depositories as a large safety deposit box.  They paid the US Federal Reserve Commission a fee for this of course. Much like we would at our local bank for our safe-deposit box…we are granted a key where we can look in it when we please.
    Recently, in fact December 27, 2013, Germany requested to inspect their gold that they had in Fort Knox. The Federal Reserve declined. They would not let Germany see their own gold. Germany asked the feds in Washington why. Washington gave some kind of vague answer.
“Then”, said Germany, “Within 20 days we’ll be withdrawing 67 tons of our gold bars from your depository. We will send one of our ships for it. At such time you can adjust our rent we are paying you for our deposit box.”
This brought the Feds in Washington to their milk: “We can’t have your gold ready for shipment to you until 2020”, they stalled.
“Why? For goodness sake,” Germany wanted to know. “We have ships that can haul 67 tons – besides that our gold bars are all marked with our own ID, and give the weight on each bar in TROY ounces, and you tell us it’s going to take 6 years to have it ready for us to bring home?”
“We have to melt all your gold down first before we can let you have it back”, the feds stalled again (lied again).
“Say what! Melt it down?” Germany retorted, “…all our gold bars? You must be crazy. It doesn’t take very long to load 67 tons onto a ship.”
“Then,” Germany requested, “Can we at least get 10% of our gold back a month?”
“I guess we could let you have 5%” the feds answered. Half that.
Fellow citizens. Your guess is as good as mine as to what is going on. Sounds like a great huge world wide Ponzi scheme. All I know about such a scheme is it’s played with other people’s money. I do know I’m not making all this up. I’m not smart enough.
Kindest Regards…

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