The Ghost of Fort Knox Past: Part 4

By Dr. Russell McDougal

Dear Reader,

There are numerous well-known American legends.  Paul Bunyan, Davy Crockett, Babe Ruth, John Henry, Johnny Appleseed, Pecos Bill, and the gold in Ft. Knox are but a few of them.  Some of these legends are real and others are totally imaginary.  One of them used to be real, but has now become a mirage at the worst possible time.

Yes, we’re still talking about the gold that is believedworldwide to be under extreme watch at Ft. Knox, Kentucky.  The issue refuses to go away. 

Best-case scenario: The U.S. government and its counter-party - the Federal Reserve - are just extremely sloppy.  They’ve failed to properly and independently audit the hoard since the Eisenhower administration.  Accordingly, this controversy has been allowed to smolder for almost four decades.

Worst-case scenario: The gold is gone.  Whose gold is/was it anyway?  Let’s address that question today.

The common belief is that Ft. Knox gold belongs to the American citizens.  Our government is simply holding it for our benefit in a fiduciary responsibility.  Others believe the U.S. Treasury actually owns the gold at this time.

I was surprised to learn that the contents of Ft. Knox are actually an asset on the balance sheet of a privately owned corporation and banking entity.  That’s right, the Fed owns the gold.  The U.S. Treasury is holding the gold for the Fed, not necessarily for U.S. citizens.  Both the Fed and the Treasury are on the line if the gold is gone.  U.S. citizens will be the losers.  The “faith and confidence” behind the global money we issue will also suffer greatly.

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According to this website, the real owners of the Federal Reserve and the Federal Reserve System are:

-Rothschild Banks of London and Berlin
-Lazard Brothers Bank of Paris
-Israel Moses Seif Banks of Italy
-Warburg Bank of Hamburg and Amsterdam
-Lehman Brothers Bank of New York
-Kuhn, Loeb Bank of New York
-Chase Manhattan Bank of New York
-Goldman Sachs Bank of New York
-Approximately 300 people, known to each other and/or relations of the "owners," who hold stock in the Federal Reserve System.  They comprise an interlocking international banking cartel of wealth beyond comprehension.  

Let’s look at a few links that demonstrate it is actually the Fed (see above entities) that now owns the gold.

Murray Rothbard is a well-known name in the global monetary and economic sphere.  He understands money like few men ever have.  Here’s how Rothbard portrayed the gold ownership issue in an article entitled “Making Economic Sense”:

“To solve that problem, it would not be enough merely to find a way to get the gold out of the hands of the Treasury.  For that gold is technically owned by the Federal Reserve Banks, although kept in trust for the Fed by the Treasury at Fort Knox and other depositories.  Furthermore, the Federal Reserve has the absolute monopoly on the printing of dollars, and that monopoly would remain even if people began to trade in dollars for Treasury gold coins.”

Here’s another more nebulous excerpt from Dr. Peter Beter’s series of Audio Letters from decades past:

“A year ago, the Chairman of the privately-owned Federal Reserve System, Dr. Arthur Burns, admitted in a letter to Congressman John Rarick that the assets of the Federal Reserve do not include gold; and yet, at the same time, official statements of the Federal Reserve did list gold as a prime asset, and they still do today.  This discrepancy has never been cleared up, Congress taking a ho-hum attitude about it all.”

I still do not know the exact year that the gold in Ft. Knox and other official U.S. depositories actually became a Federal Reserve asset.  Hopefully, this also will soon become clear.

President Ronald Reagan authorized a “Gold Commission” in 1982 to investigate the possibilities of returning to a gold backing behind US currency.  According to this website:

“Ronald Reagan’s ‘GOLD COMMISSION’ in 1982 basically concluded that the U.S. Treasury owned no gold at all, that all the gold in Ft. Knox was now owned by the Federal Reserve.  Sorry Americans.  Trillions for the bankers.  Debt for the people.”

That pretty much sums it up.  Possession is said to be nine tenths of the law. 

From the same article is an appropriate quote from the wise and prophetic Founding Father, Thomas Jefferson:

“If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children will wake up homeless on the continent their fathers occupied.  The issuing of money should be taken from the banks and restored to Congress and the people to whom it belongs.”

You may be oblivious to the fact that you are nothing but a serf to the pompous and tyrannical Federal Reserve.  They have nothing but their own and predominately foreign owners’ interests at heart.  Americans are almost entirely unaware of the extent to which their lives are controlled by this insidious and sinister force.  It’s all we’ve known for generations.

It is risky to trust your financial future to an entity long ago labeled “a den of thieves and vipers” by President Andrew Jackson.  He successfully routed them out.

Invest resourcefully,

Rusty

P.S.  To let me know what you thought of today's article, send an e-mail to: feedback@investorsdailyedge.com.

[Ed. Note: Dr. Russell McDougal has dedicated years of study and investing in the natural resources exploration sector. During that time he has closed out DOZENS of gains of 500%... 1,000%... 2,000% and more! Currently he is sitting on multiple thousand percent winners, including one stock that is up a whopping +5,000%. And for a select group of investors, Rusty has agreed to share his secrets of success... and his top stock recommendations. Click here to learn more... ]

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Market Watch

Pump Your Profits with Silver

By Charles Delvalle

A letter from a reader:

Hello,

Thanks for your Investor’s Daily Edge newsletter.  It is very interesting to read.

I want to ask you a question about silver.  It is my feeling that it is a good idea to buy silver these days since it is cheap and can only go up.  Will you comment on this for me?

Best regards,
Axel O.

Dear Axel,

Owning silver is always a great idea.  Not only does it offer you protection from financial catastrophe, but it could also give you a good return on your investment.

You see, the dollar is in a big fat downtrend.  And as the dollar drops in value, the price of silver should rise.  Also, since the slowing U.S. economy could squeeze economies all over the world, demand for silver will rise even more.

To take advantage of this situation, the first thing you should do is buy some silver bullion and hold it long term. 

But if you want ridiculous returns, then listen closely to what I have to say.

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