Gold Investment

By A.B. Dada
Zion, IL
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I had a wonderful conversation this morning, which came from a dream I had before fully waking up. My dream had a horrific short-term outcome but a wonderful long-term outcome: the destruction of fractional reserve banking and the end of the Federal Reserve through consumer “riots.”

Imagine this: 1,000,000 free marketeers voting for Ron Paul and him not winning the candidacy. It would be sad, but it’s an expected outcome unless we supporters really get the word out THIS MONTH. Now, take those same 1,000,000 pro-freedom supporters, and find 10% of them who really want to screw the system.

If 100,000 of us went and withdrew all our money market and savings accounts today, at least US$10,000 a piece, we would damage the dollar market by nearly US$1 billion. Not a ton of cash, but significant to the banks who are operating on about that much daily. Here’s the kicker: because of the fraudulent and criminal fractional reserve banking system we run on, the banks’ liquidity would actually fall by US$10 billion. That’s significant.

Sitting on hoarded cash is scary in an inflationary market — you might “lose” as much as 10% buying power in a year. But if enough people do it, the Fed would be in a bind. Either they’d have to REALLY kick in inflation, or they’d have to admit losing. 100,000 people is but 1/2200 of the people of the US (documented). Not a huge number of people. Add another “0″ to the number and you’re talking complete Fed and dishonest banking meltdown, coupled with free market deflation (increasing the value of your money).

Fractional Reserve banking is a far worse monster than just the Federal Reserve alone. It allows a bank to take your US$10,000 deposit and give you a receipt for US$10,000 while loaning out another US$9,000, effectively adding 90% more money to the market. The bank that gets that new US$9,000 can do the same, so in the end you get 500-800% more money created out of nowhere — with no oversight. It is a mess, and it is one that free marketeers, Christians and honest people all over the world should be afraid of.

I’m done using my debit card and my savings account. It’s time to bury some money somewhere safe.

I also considered selling off my hard assets and useless assets for cash and burying that, too. Why not really put a stake in the heart of those menacing blood-sucking vampires: the Federal Reserve and the fractional banking system?