This is a crucial hint:
1. What would happen if the gold were revalued today, before the US debt is liquidated?
2. Would the entirety of Gold cover the $39T US debt?
3. When would it make sense to revalue Gold?
4. Makes sense to revalue it before or after US debt liquidated ?
We are NOT going to touch the Gold as long as the US Debt is still hanging, because $1T even after revaluation will not cover $39T in debt.
This just confirms to me that the US fiat debt will be liquidated before the gold is. revalued, and it will happen not by "paying back" the debt, but by proving most of the debt is fraudulent.
Spot on. We have alot of black expenditure and it needs to be identified. My dream would be Recovery,Restitution & Retribution. Ideally if we can keep the gold in the bank until after Recovery, we can restore the system properly. Using the confiscated assets we payout restitution to the citizens, reboot the financial system using the gold as currency backing on top of land assets. Then the honest revaluation can take place as the global reset settles and peace ensues.
We are looking at a recovery process that will take decades to claw back from the criminals still defrauding up to the minute. We will need local teams to go through every local government on up, generationally to audit employees. This is the retribution we need and deserve !
I have a feeling that the DOGE has identified already pretty much all the faud and waste. If you break down he debt, a HUGE chunk is Uncle Sam owing to Uncle Sam, via social security, welfare etc, and most of it is fraud and waste.
Another huge chunk is wall street and institutional investors - which are all probably covered by the EO against crimes against humanity.
The other huge chunk is sovereign debt which countries are "dedollarizing" and Fed was buying it all up and end up holding that debt.
When you take out all three of these chunks, I think the remaining will be pretty much proportional to the real assets / economic activity, and can be sustained without fiat.
Short selling is just one aspect of the financial manipulation. There are hundreds of other aspects that will all get affected / takendown / fixed / cleaned up before its all done.
Proving the debt is fraudulent, that I understand.
What I don't get is what "liquidated" means in this context.
I know what liquidation is in the sense of a store going out of business--they sell all their stock at cost, zero markup, just so they can be rid of it while they still can, then they close the store for good.
That last definition gives me an uneasy feeling about the word "liquidated" here.
There has long been a rebellion against our country from within, most of that debt will be found to be fraudulent and under a rebellion, it will be wiped away/dismissed by POTUS since it was done during that rebellion.
like this analysis! - forever wars, military industrial complex, fiat money with fractional reserve banking —> Keynesian economics with ever increasing & inflation
wondering if his words are meant to include all the gold or just Fort Knox?
Fort Knox is said to have 147 million ounces, about 58% of the nation’s 261 mill. ounces. At about $6,786 per ounce, the 147 mill. ounces gets to c. $1 trillion.
The U.S. gold reserves are officially valued at approximately $11 billion, based on a statutory price of $42.22 per ounce set in 1973. However, at current market prices, the reserves are worth around $792 billion.
The U.S. government currently holds approximately 147.3 million troy ounces of gold, primarily stored at Fort Knox. This amount represents about half of the Treasury's total gold reserves.
He’s got to be using the current $42.2 / Oz statutory valuation for that statement, rather than the $4,030 market price.
No one. It's a huge fraud. I borrow money from myself, financed by my neighbor printing money for me to borrow. I'll never have the money to pay off the principle, so I'll be paying my neighbor interest for eternity, interest on money I borrowed from myself. This is our current financial system.
And that's before you even start considering that all the borrowed money went to fraudulent "causes". Fraud vitiates everything.
The debt is loaned dollars from the federal reserve to the United States of America corporation, federal reserve notes. Unconstitutionally created and congress no longer regulates the national currency. Gold isn't going to pay this debt. The federal reserve must be abolished and reinstate currency regulation to congress.
We dont give anyone gold. Our debt os in fiat dollars. We give every printed bill back to the fed and then circulate a new currency backed by our own gold.
Revalue gold after the dollar is fully inflated. Pay off debt with inflated dollars not gold. Give the federal reserve all their paper money back. Then circulate our new dividend dollars printed and backed by gold and silver. If we return all the paper fake stuff our debt is wiped and we never have to borrow from them again, ever.
One way to test for counterfeit.
Magnetic Balance Test: The metal sample is placed on a highly sensitive digital scale, and a powerful rare-earth neodymium magnet is brought close to it from above. If the scale reading slightly decreases, the metal is being repelled (indicating genuine gold). If the weight slightly increases, the metal is being pulled toward the magnet (revealing a tungsten or paramagnetic core).
I will take a full, verified, publicly visible forensic audit over the word of anyone in government, regardless of who they are. Our founders understood that necessity, and warned us about trusting government.
"I haven't. I haven't. People on my staff have. We are going to the Treasurer's office. The Treasurer has been to Ft. Knox and I am happy to say, all gold is present and accounted for! The US has the LARGEST pile of gold in the world, over $1 trillion dollars at current market value."
What I find interesting, especially since it is Bessent speaking---a very crafty spokesman---is that he said "over $1 trillion." How much "over"? (Think Scrooge McDuck money bin.)
This guy seems pretty trustworthy to me, his word is as good as a full forensic audit really. I'd say we just save the effort and cancel all the plans of checking on the stuff and get busy dealing with the important things!
If only there existed some sort of technology that could capture moving images of this mountain of gold to substantiate his claim.
Maybe the people who managed to capture that daguerrotype of McConnell could line up several daguerrotypes in rapid sequence? Wouldn't even have to move 1/10th as fast as the hypersonic jet Graham flew back from Ukraine to capture a convincing moving picture of our nation's nest egg.
I think its true. If bessemt said it and it isnt he would be a huge fool. In fact of he said it trump gave him permission. That was a staged interview after all.
1. Now let's look at the body language ..... why the bringing together of the finger tips ....
2. Words-1:
over a trillion ....
1 x 10^6 = million => 1,000,000
1 x 10^9 = billion => 1,000,000,000
1 x 10^12 = trillion => 1,000,000,000,000
at current market prices. Which in terms of spot is 4,000 an ounce. But, going with spot here is an inference. But for the sake of argument, we'll keep it, for now.
3. Troy Ounce( T-oz to metric ton (t):
The number to translate Metric Tons into Troy ounces = 32,154.34083601
4. Putting it together: i.e. creating the algorithm.
step-1: 1 trillion divided by 4000 per Troy Ounces, gives us the number Troy ounces.
step-2: dividing the number we obtained at step-1 by the translation number.
Let this sink in. We owe the 39 trillion, we pay by removing all fiat from the face of rhe planet and giving it all back to them. While doing thos we circulate a new gold backwd curremcy.
"Over a trillion dollars, at current market value"
Very critical statement.
What does this mean?
So who do we give the gold to to pay off the debt?
And what do we back our currency with afterwards?
Hahaha, there in lies the biggest clue.
We are NOT going to touch the Gold as long as the US Debt is still hanging, because $1T even after revaluation will not cover $39T in debt.
This just confirms to me that the US fiat debt will be liquidated before the gold is. revalued, and it will happen not by "paying back" the debt, but by proving most of the debt is fraudulent.
Spot on. We have alot of black expenditure and it needs to be identified. My dream would be Recovery,Restitution & Retribution. Ideally if we can keep the gold in the bank until after Recovery, we can restore the system properly. Using the confiscated assets we payout restitution to the citizens, reboot the financial system using the gold as currency backing on top of land assets. Then the honest revaluation can take place as the global reset settles and peace ensues.
We are looking at a recovery process that will take decades to claw back from the criminals still defrauding up to the minute. We will need local teams to go through every local government on up, generationally to audit employees. This is the retribution we need and deserve !
I have a feeling that the DOGE has identified already pretty much all the faud and waste. If you break down he debt, a HUGE chunk is Uncle Sam owing to Uncle Sam, via social security, welfare etc, and most of it is fraud and waste.
Another huge chunk is wall street and institutional investors - which are all probably covered by the EO against crimes against humanity.
The other huge chunk is sovereign debt which countries are "dedollarizing" and Fed was buying it all up and end up holding that debt.
When you take out all three of these chunks, I think the remaining will be pretty much proportional to the real assets / economic activity, and can be sustained without fiat.
Thats a very good outline, these final numbers will be very interesting to see !
So in other words, short sellers. Which is proof positive that the MOASS is legit. And there will likely be multiple MOASS events.
Short selling is just one aspect of the financial manipulation. There are hundreds of other aspects that will all get affected / takendown / fixed / cleaned up before its all done.
Proving the debt is fraudulent, that I understand.
What I don't get is what "liquidated" means in this context.
I know what liquidation is in the sense of a store going out of business--they sell all their stock at cost, zero markup, just so they can be rid of it while they still can, then they close the store for good.
That last definition gives me an uneasy feeling about the word "liquidated" here.
Oh, essentially "getting rid of the debt"
There has long been a rebellion against our country from within, most of that debt will be found to be fraudulent and under a rebellion, it will be wiped away/dismissed by POTUS since it was done during that rebellion.
like this analysis! - forever wars, military industrial complex, fiat money with fractional reserve banking —> Keynesian economics with ever increasing & inflation
wondering if his words are meant to include all the gold or just Fort Knox?
Fort Knox is said to have 147 million ounces, about 58% of the nation’s 261 mill. ounces. At about $6,786 per ounce, the 147 mill. ounces gets to c. $1 trillion.
Will be interesting how this goes!
He’s got to be using the current $42.2 / Oz statutory valuation for that statement, rather than the $4,030 market price.
Who do we pay the debt off to?
No one. It's a huge fraud. I borrow money from myself, financed by my neighbor printing money for me to borrow. I'll never have the money to pay off the principle, so I'll be paying my neighbor interest for eternity, interest on money I borrowed from myself. This is our current financial system.
And that's before you even start considering that all the borrowed money went to fraudulent "causes". Fraud vitiates everything.
The debt is loaned dollars from the federal reserve to the United States of America corporation, federal reserve notes. Unconstitutionally created and congress no longer regulates the national currency. Gold isn't going to pay this debt. The federal reserve must be abolished and reinstate currency regulation to congress.
We dont give anyone gold. Our debt os in fiat dollars. We give every printed bill back to the fed and then circulate a new currency backed by our own gold.
Better question is who do we owe the debt to? Thats a deep dive! Have fun. Be ready to get angry!
Revalue gold after the dollar is fully inflated. Pay off debt with inflated dollars not gold. Give the federal reserve all their paper money back. Then circulate our new dividend dollars printed and backed by gold and silver. If we return all the paper fake stuff our debt is wiped and we never have to borrow from them again, ever.
Are you a banker's son? KEK.
But yeah, thats the way to do it. Turn them tables.
Did they do a paper audit or physical. Unless they drilled random samples it could be gold plated tungsten.
Drill baby drill ! Yes they have to , they also track tungsten mining, sales and dispersement. We need Ron Paul on this right away.
Or not. Tungsten is heavier.
One way to test for counterfeit. Magnetic Balance Test: The metal sample is placed on a highly sensitive digital scale, and a powerful rare-earth neodymium magnet is brought close to it from above. If the scale reading slightly decreases, the metal is being repelled (indicating genuine gold). If the weight slightly increases, the metal is being pulled toward the magnet (revealing a tungsten or paramagnetic core).
Here's a thought. Elon Musk's wealth is equal to all the gold in Fort Knox. Crazy.
I will take a full, verified, publicly visible forensic audit over the word of anyone in government, regardless of who they are. Our founders understood that necessity, and warned us about trusting government.
Q: Have you visited Fort Knox?
BESSENT: I am happy to say, all gold is present and accounted for! The US has the LARGEST pile of gold in the world, over $1 trillion. 🇺🇸
You missed a sentence.
Q:
Have you visited Fort Knox?
BESSENT:
"I haven't. I haven't. People on my staff have. We are going to the Treasurer's office. The Treasurer has been to Ft. Knox and I am happy to say, all gold is present and accounted for! The US has the LARGEST pile of gold in the world, over $1 trillion dollars at current market value."
What I find interesting, especially since it is Bessent speaking---a very crafty spokesman---is that he said "over $1 trillion." How much "over"? (Think Scrooge McDuck money bin.)
Did he say who owns it?
We own it.
I still havent seen evidence that the "bars" that are there are not tungsten plated in gold...
And you wont. What is remarkable to me is tjey are finally talking about it.
This guy seems pretty trustworthy to me, his word is as good as a full forensic audit really. I'd say we just save the effort and cancel all the plans of checking on the stuff and get busy dealing with the important things!
If only there existed some sort of technology that could capture moving images of this mountain of gold to substantiate his claim.
Maybe the people who managed to capture that daguerrotype of McConnell could line up several daguerrotypes in rapid sequence? Wouldn't even have to move 1/10th as fast as the hypersonic jet Graham flew back from Ukraine to capture a convincing moving picture of our nation's nest egg.
So, crickets on the televised audit then...
And why TF is this info coming third party?!
I'm gonna call BS until something is announced officially.
I think its true. If bessemt said it and it isnt he would be a huge fool. In fact of he said it trump gave him permission. That was a staged interview after all.
Is it....
Current value means there is approx 247,182, 348 ounces of gold. Perhaps ots some of the gold we made the vatican return.
2 things to say here... Let me see it and am I ever glad it's backed by 36 trillion in debt. :(. Worst balance sheet ever.
So walk in there with a camera and show it to us, Scott. Is that so hard?
Nice words ......
1. Now let's look at the body language ..... why the bringing together of the finger tips ....
2. Words-1:
3. Troy Ounce( T-oz to metric ton (t):
The number to translate Metric Tons into Troy ounces = 32,154.34083601
4. Putting it together: i.e. creating the algorithm.
5: Putting the algo to work:
((step-1: 1,000,000,000,000 / 4,000)/step-2: 32,154.34) => 7,775.00020215 metric tons.
6: Comparison to reports:
link: https://fiscaldata.treasury.gov/datasets/status-report-government-gold-reserve/u-s-treasury-owned-gold
Meaning: 8133 Tons.
This figure is about he same as has been reported for the last 20 or so years.
6: Words-2:
Audit.
Returned from the Vatican or a different pile?
We the people owe the debt to a private bank, let that one sink in!
Let this sink in. We owe the 39 trillion, we pay by removing all fiat from the face of rhe planet and giving it all back to them. While doing thos we circulate a new gold backwd curremcy.
A debt that we the people never signed off on.
In today's gold value how many pounds is that? My math is not mathing this morning 😂😂😂. Need some help.
LoL! C'mon Scott.... SHOW. ME. (US)
People assume the debt is owed to China and other outside entities..... No. Most of it is local and fraud related. This will be fun to watch.