Considering that today, there are 125,000 tonnes of gold in the world, (converting to ounces x 2000lbs/ton x 16 oz./lb) or 4 billion ounces, there can be a maximum of 80 Billion honest weights (dollars) of 1/20th ounces of the 4 billion ounces of gold in the world.
Now, we know that there is more than 80 Billion dollars in the world, and as a result of this excess creation of dollars, the price of gold shot up in the great depression to $35, allowing a maximum of 140 Billion? (cheating dollars, revalued back to true?) dollars to exist. Well, they didn't learn their lesson and just stop creating dollars out of thin air, but they tried to fool the world and hold gold at $35 per ounce. Or, our national leaders were fooled by the bankers into trying to keep it at $35. Regardless, this lasted until 1970-1980, when gold exploded up more than tenfold. At $350 per ounce, there can still only be 1400 Billion, or 1.4 Trillion honest dollars (measures/weights) in the world.
Now, we know that there is much more than 1.4 Trillion dollars floating around in the world, so we still have not figured some things out yet... namely, that governments should not lie and create funny money. Someone is holding onto some dollars that, in the future, will be devalued once again.
The public debt is about 6 Trillion, private debt is about 22 Trillion, the Gross National Product is about 8 Trillion, there is about 4 Trillion alone in bank accounts, and some suggest (Greenspan & the Federal Reserve Board) that there may be 100 Trillion out there.
The trouble with putting a value on gold TODAY, is that we just don't know how many dollars are out there!
If there are 140 Trillion, then Gold would have to be valued at $35,000
If 14 Trillion, Gold would be $3500 an ounce.
1.4 Trillion, $350 an ounce.
Now, if you followed my assumption from the beginning, you will see where I made my mistake. This assumes you use all the gold of the world today to back the currency. But, in fact, all the gold in the world does not back the dollar. The most that can back the dollar is not 125,000 tonnes, but, rather, about 8000 tonnes, because that's all we have left in the U.S reserves. At one point, we had 27,000 tonnes, but that was before we shipped it all overseas to those people who suggessted we give up our reserves rather than let our dollar devalue further. We should have let our dollar devalue further, because now, the situation just gets worse; here are the figures!
If there are 140 Trillion dollars out there, and we only have 8000 tonnes of gold backing it, and we do the simple math by dividing dollars by ounces, that means our dollar is worth $546,875 per ounce.
If 14 Trillion, then $54,687.5 per ounce.
Working back the other way, let's say the dollar completely collapsed to worse than the above figures show, and we assume that inflation has so completely run out of control in the United States that a loaf of bread cost a million dollars, people get tired of the inflation nuisance, and we decide to start over.
Let's say we use our pile of gold to try to recreate a new dollar. It's kind of difficult to comprehend, specifically because the value of a dollar is so ingraned in our thinking, and the value of gold is not.
That 8000 tonnes is 256 million ounces. Thus, we can have a maximum of 5.12 Billion 1/20 ounce parts we can divide the hoard into. (At $20 per ounce) That's if we assume gold trades around the world in the value of OUR currency. But after a dollar collapse, I don't think we could get the world to trust us again, do you? But, $5.12 Billion is in the form of dollars that are so much more valuable, we can't think about that. So let's value gold at $300 per ounce, and see how many dollars our 8000 tonnes can make. Ok, it's a simple (x 15) more, so our gold hoard would make $76.8 Billion of today's dollars to go around.
Since our leaders tell us we have a "surplus" of about that today, shouldn't we be spending that much money adding to our nation's gold reserves each year?
One can only hope! 8-)
The best case scenerio, that I see, is that the U.S. starts to buy up as much gold as it possibly can, so that the dollar does not fall further than $50,000 per ounce of gold. Maybe it will fall to somewhere between $10,000 and $30,000. --again, this assumes that there are only 14 Trillion in dollars out there, and that we massively increase our gold reserves, both bad assumptions. The problem is, that this is still too few dollars to pay off all debts, both public and private, which is what legal tender is supposed to be able to do. --It says it right there on our Federal Reserve Notes, right?
So, lets just stick with debt, 6 trillion Federal, 22 Trillion private, 28 Trillion total debt...
28 trillion/256 million = $109,375 dollars per ounce.
And assume we tripple our gold reserves to 24,000 tonnes, less than we once had, we could, in theory, reduce the valuation to $36,458 per ounce of gold.
Thus, if dollars were revalued to to their true price of gold so that all debts "could" be paid off, there would be no money in circulation whatsoever, and all the gold would end up back in the hands of the bankers who stole it from the people in the first place.
Wow! All that simply from a practice of usury and false weights and measures for the past 60+ years. No wonder God hates those practices! No wonder He declared that there be a national Jubilee every 50 years to wipe out all debts everywhere!
Now, considering that the world holds our currency, and that we literally force them to hold the dollar in reserves if they want loans to improve their infrastructure and stay solvent and so that the international banking cartel does not forclose on the entire nation of third worlders by military force... Whew!
Don't you see it? We are already 8/10ths of the way to a global rulership, coming right out of the United States. Our dollar is a global currency, and other nations are considering abandoning their own currencies to use the dollar instead. Argentina and Canada both have seriously considered using dollars instead of their own currencies.
The crazy part about this is that the numbers grow astronomically high as you lower the gold reserves. And when you have close to zero gold reserves, the dollars per ounce approach infinity. Thus, with no gold reserves, there is no going back. This is why the powers that be, the bankers, are so hell-bent on getting governments around the world to either sell their gold reserves, or give them to some multinational body like the IMF or European Union, so that the bankers can usher in their global solution.
I say it again. Holding no gold means that you are totally dependant upon the world bankers, whether you are an individual or a nation. In fact, that's the entire purpose of a bank, to get the gold out of the hands of the people. In the last 100 years, they have succeeded in taking away the people's gold. Now, they need to remove it from the nations that refuse to go along with the global agenda and New World Order. Or, simply use central bank "sales" (drips are more like it as CB holding have been reduced only 5% in the last 10 years) as an excuse to devalue gold further, and demoralize the individuals who have tried to hang on to it, knowing it must be worth more than it is today. Too bad that most people don't realize that gold is TRUTHFULLY worth excess of $100,000 per ounce.
This is why I say their propaganda war has just about been won, and why God has literally handed people over to believing the lie. Nobody in their right mind would not buy Gold if they knew what it really is worth. And if the people of the world woke up for just one day, the game would be over!
The problem is, this tiny short article has "too much math" in it for most people to grasp. And the numbers are too big. And people get headaches when you try to talk to them, or they get offended that you are talking down to them, or they think you are uneducated since you obviously don't undertstand supply side economic voodoo theory, and they refuse to hear the whole story. I tell you, people are decieved, it's the only explanation.
In fact, since you can only create a fraudulent, cheating, fiat-money system on the back of gold, by a fractional reserve system, and we assume that everyone has just as much of a right to be a lying, cheating, fractional reserve type bank as the other, each ounce of gold is worth at least ten times more, if not 100! After all, U.S. Banks only have $1.30 for every $100 in deposits! Thus, the lying, cheating valuation of gold is not $100,000 per ounce, but more like $1,000,000 per ounce!
Take that to the bank!
Our Father which art in heaven, Hallowed be thy name. Thy kingdom come, Thy will be done in earth, as it is in heaven. Give us this day our daily bread. And forgive us our debts, as we forgive our debtors.
And lead us not into temptation, but deliver us from evil: For thine is the kingdom, and the power, and the glory, for ever. Amen.
reprint rights to everyone, re-edit rights to all... let's see if we can simplify this concept I've presented so that people might see the truth, and thus, be set free?