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US Prepares For Gold Standard

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Bix Weir
Gold Seek
Aug 19, 2010

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 

  • A d v e r t i s e m e n t

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 

Having A Supply Of Healthy Foods That Last Just Makes Sense

US Prepares For Gold Standard 150410banner7

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 

Full article here

This article was posted: Thursday, August 19, 2010 at 3:41 am





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