and what does it mean for our future?
At the close of W.W.II America had 65% of the mined gold reserves in the world and by 1949 our percent grew to 70%. Then on July 1, 1944 a "Creative Gold Exchange" program came into existence from a Conference in New Hampshire. From this conference came three previously nonexistent structures that would change everything.
In 1958 Charles DeGaulle of France sounded an alarm and France started cashing in paper for gold. Soon, other nations followed France and gave us back millions of Dollars we had "loaned" them in exchange for gold at $35.00 and ounce. We got nothing for our gold except our own valueless paper. By August 15th, 1971, when Richard Nixon took action to close the gold window, 58% of our U.S. gold supply was gone.
The world governments are telling us that gold has become obsolete, a relic of the past, yet in the 4th Quarter of 1998 global gold demand was the highest on record, and, the world's largest investors are presently taking major positions in gold and silver coins.
The government continues to tell us to buy stocks even as the DOW is at its all time high and many stocks are at over 90 times its earnings. But, outside of the high tech and internet stocks, the market is down 25-40% from its highs and 85% of stocks are declining.
I would recommend reading; "The Making of America" which you can get on the Amazon link below. This book by W. Cleon Skousen, gives an excellent education on money and the Constitution.
Jared's Life &
About Bullying &
About The Lawsuit
Parent's & Kids
Bullycide in America:
Moms Speak Out!
On E-Book for $ 9.90
The Meaning of Life
Jared's Sister says:
Laughter is Healing
About Jared's Mom