Gold Investment

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Archive for September, 2007

I’m buying my Christmas present early: a nice small vault.

Posted by A.B. Dada on 4th September 2007

Zion, IL
By A.B. Dada

This year, I am doing something new for Christmas: I am shopping early for myself. We don’t spend a lot on Christmas because we don’t really partake of most consumer holidays. I’m a fan of ALL consumerism if it is based on spending only after you’ve paid your credit cards off, saved 10%+ a month, and kept up with your mortgage, utilities and your food needs. Whatever is left after all that is fine to blow on what you might want versus what you truly need.

This year we’re not buying snazzy clothes or cool electronics. We’re not buying things for the house or the car or the cats. We’re not taking an expensive vacation, and we’re not getting cool toys for the kids of our friends. No iPods, no cell phones, no jewelry. We’re buying a nice, heavy, fireproof vault.

As time goes on, I’ve started to realize that the biggest problem we face today is the fraudulent fractional banking system the world revolves on. I’ve written about it before, but the regular readers here will hear it more and more from me: before we get rid of the Federal Reserve’s inflationary basis, we MUST get rid of fractional banking, somehow. The only way to do that is to truly cause runs on banks and investment houses — these groups collude with the Central Bank to keep the fractional reserve banking system profitable, while stealing from you and me.

We’ll buy our Christmas vault maybe a week before Black Friday, the traditional start to the Christmas shopping season. We’ll store the vault at our secret castle, a house that not even my friends and family know exists. We use it as our getaway, and it is far enough from reality to be fairly safe and very well protected. It isn’t a tinfoil hat camp, it is just a place we go to when we want to admire nature and forgo the cell phones and internet and family craziness.

What will go in the vault? All our dollar assets. We’ve been slowly withdrawing from our savings accounts (yes, we do have one) and our money market accounts (two) and any investments we may have, even if there is a heavy tax penalty. I don’t need those accounts anymore, because they are immoral to have. We’ve been buying silver slowly, gold even more slowly, and focusing on dollar holdings because it hedges against deflationary concerns.

By withdrawing all our deposit accounts, we will put a very small ding, almost unnoticeable, in the fraudulent banking system. For every $1 you deposit in a savings account, investment holding account, or money market account, the fraudulent banks use to loan out more than your $1. When they receive a dollar, they have three choices:

1. Sit on the dollar, doing nothing with it
2. Loan out the dollar and hope to make 6% or 7% on it, or 18%-25% on a credit card loan.
3. Put the dollar into their reserves, and then loan out $9 hoping to make 6%-25% on those newly created fake-dollars.

Which one would you do if you had the legal power to act on? #3, I’m sure. If you sat on $1 in your mattress, you’d earn nothing for a year. If you loaned out $1 for a year at 10%, you’d make a dime. But if you were allowed to store the dollar in a cookie jar, and then print 9 more dollars to loan out, you could make 90 cents in a year, and still have the dollar to redeem to the person you owe it to! What a magical system.

It is fraudulent, it is theft. If you’re religious, the Old Testament, the New Testament, the Koran, whatever your holy book is, speaks out against theft and fraud. You can’t do it. If you’re non-religious, it is still immoral to steal, and there are few people who would disagree with that. Fractional reserve banking is theft.

I ask anyone here with savings or investment holdings to try to do the same. For everyone dollar you put in your mattress, the system loses $9+ dollars, or even more because they can use the new 9 dollars to drop into their reserves of other banks and let them create new money again. $1 can turn into $90 of new fake-money within days.

Would you join me in making a tiny, almost unnoticeable ding in this fraudulent, immoral and unethical system? By mattressing your dollars, you’re helping to reduce the available artificial credit that is making prices so high, making people so poor, and making the elite even more elite.

Share this with your friends and family — it is the only way we can pummel the Central Banking system in a short period of time. If just 100,000 believers in freedom and morals withdrew $10,000 each, that’s $1 billion taken out, but $10 billion-$90 billion removed from the credit system. Talk about hitting them where it hurts — reducing their ability to defraud the markets, consumers, and investors.

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