America’s Financial Day Of Reckoning
In a letter to President Thomas Jefferson, John Adams wrote:
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All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, nor from want of honor or virtue, as much as downright ignorance of the nature of coin, credit and circulation.
Thomas Jefferson would later write to John Taylor:
I sincerely believe with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Jefferson would also warn:
We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion [excess] and servitude.
Today, our nation has sunk into insolvency, and a serious financial day of reckoning is fast approaching. The governing class in Washington D.C., (in both parties) continues to load us and our posterity with perpetual debt and servitude. Most Americans are “distressed,” “perplexed” and “confused” because they have not been taught sound money principles or the evils of central banking.
In 1910, a secretive cabal of Wall Street and international bankers conspired to create the Federal Reserve System, which became our nation’s central bank in 1913. Our Founding Fathers were well acquainted with the evils of central banking (beginning with the Bank of England in 1694), and they diligently sought to enshrine hard money principles into our Constitution.
In 1913, our national debt was $2.9 billion, and today it is $21 trillion—an incomprehensible 746,000% increase! According to the U.S. debt clock, our unfunded liabilities now exceed $115 trillion, and each taxpayer is on the hook for over $1 million.
See the Debt Clock here:
Our present banking system was conceived in fraud and deceit by our modern money changers and corrupt politicians.
James Madison wrote:
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain control over governments by controlling the money and its issuance.
When our Lord saw the money changers in the Temple, He drove them off at the force of a whip on at least THREE separate occasions. No wonder the Pharisees hated Him so much.
The only congressman or presidential candidate (from either major party) in modern memory who consistently spoke out against the money changers was Congressman Ron Paul (R-TX). For decades he tried to convince the American people that it was essential to our national survival that we demand that our congressmen and senators end the Fed. Very few paid him any heed, and now I doubt that there is any legislative remedy.
Evangelical Christians, pastors and “conservatives” continue to support puppet candidates who are beholden to the money changers. Oh, they may express concern about our national debt and unconstitutional financial practices, but they are not calling for the Fed to be abolished. They cannot even get a bill through Congress to audit the Fed. Neither are they willing to rein in the out-of-control federal spending inside the Beltway.
And for all of his rhetoric, a Trump presidency has not made any difference. The Republican-controlled Congress and President Donald Trump have exploded the growth of the federal deficit over $1 trillion during the last fiscal year alone. Trump has even called for eliminating the debt ceiling altogether. Under Trump and the Republicans in Congress, the pattern of reckless, out-of-control, unconstitutional deficit spending is skyrocketing at levels equal to or exceeding Democrat administrations and congresses.
Trump is such a hypocrite! After the recent downturn in the Stock Market, Trump lambasted the head of the Federal Reserve, Jerome Powell (CFR)—the same man that HE APPOINTED AND REFUSES TO RECALL. It is incredible to me how people have fallen for this charlatan. He continually appoints swamp creatures to his administration, and then when they keep filling the swamp, he turns around and gripes about it and says that he is trying to drain the swamp. And people actually fall for this charade. I’ve never seen anything like it. But I digress.
America is facing a dangerous tipping point. In reality, our federal government is bankrupt. The only things keeping America’s economy afloat are a government living on borrowed “money” (which cannot last forever), the Federal Reserve’s printing presses that create “money” out of thin air (which also cannot continue indefinitely) and the fact that the U.S. dollar is the world’s reserve currency. And how much longer can THAT last?
Margaret Thatcher famously said,
Socialist governments . . . always run out of other people’s money.
The US economy is on the rise, but its expansion is coming to an end, warns Scott Minerd, Global Chief Investment Officer at investment firm Guggenheim Partners.
“Just as an iceberg loomed in the distant darkness to be struck by the Titanic under full steam, so the US economy approaches the distant fiscal drag of 2020 under the full steam of rate hikes to contain inflation and an overheating labor market,” he wrote on Twitter.
George Washington said it succinctly and powerfully:
Paper money has had the effect in your State that it will ever have, to ruin commerce— oppress the honest, and open the door to every species of fraud and injustice.
Sir Thomas Gresham’s Law says that bad money drives out good money. Because we have allowed the Federal Reserve System to unconstitutionally act as the fiscal agent for the U.S. government, we are experiencing the ruinous effects of Gresham’s Law. Concerned investors and foreign nations are dumping U.S. currency and assets and investing in gold and silver. China and Russia are buying gold like there is no tomorrow. What do they know that we need to know?
After talking with my friend Ron Paul some time ago, I converted my personal IRA into a precious metals-backed IRA. And the company I use is one of the finest precious metals companies in the country. They have been in business since 1976 with a solid reputation and track record, offering the option of easy online ordering as well as the safe, secure storage of metals if needed.
If you are like me, you, too, are looking for a reliable and honest source for acquiring gold and silver, and maybe even a place to fund your retirement accounts into precious metals.
I am, therefore, proud to partner with this fine company and recommend them to my readers. I know these fellows personally. They are fine Christian patriots who truly understand what’s going on and have a heart to help their fellow Americans affordably obtain precious metals.
Whether you are looking to convert your traditional IRA to a precious metals-backed IRA (as I did) or are simply wanting to purchase gold and silver coins, I urge you to consider the company I use. My friend of many years, David Hart, is the National Sales Director. He is extremely friendly, helpful and trustworthy.
I promise you that Dave will not try and pressure you into doing anything you don’t want to do. He will simply answer your questions, help you determine whether adding precious metals to your financial portfolio is something you want to do and will completely guide you through the process if you decide to proceed. Believe me, Dave will take the anxiety out of transferring your IRA or purchasing as few or as many gold and silver coins as you choose. I urge you to contact Dave and see whether investing in precious metals is right for you.
Contact Dave here:
Here are a few testimonials from people who took my recommendation and contacted David:
I was an apostate Catholic for at least a decade when I heard Pastor Baldwin speak the neutral truth about God in the context of the Founding Fathers—a history lesson about our country being founded on Christian principles with the help of the black brigade—told without sanctimony, without condescension and without making me feel like a hopeless condemned person.
I have a college degree and I took finance and accounting classes but I don’t ever recall being told anything about the reality of American money until I heard Pastor Baldwin and Ron Paul.
Talking with David Hart and company CEO, Chris Olson, meant a lot to me. Both of them patiently explained the nuances of gold and silver coins and bars to me and the security features. They gave me an education on how to buy precious metals and you also gave our family a way to protect ourselves in these increasingly uncertain times. My husband and I are simple people trying not to lose any more of what we’ve worked so hard to have. You helped us achieve that goal and we’re sincerely grateful.
We first learned about Treasure Island Coins and New Direction IRA from our pastor, Dr. Chuck Baldwin. Because we know Dr. Baldwin to be a man of integrity and someone we greatly respect, we decided to investigate this for ourselves. We worked with David Hart in this process and David was wonderful. He took a great deal of time to really educate us and walk us through the process of converting our IRAs from fiat currency to solid assets. David never pressured us in any way and was incredibly patient with our multiple questions. We felt comfortable through the entire process and once everything was completed, also felt we could rest easier knowing our assets were far more secure than they had been. David was a real pleasure to work with and we would highly recommend Treasure Island Coins and New Direction IRA.
–Julie & Steve
When the company I work for was sold, I was suddenly faced with a decision concerning how to invest the 401K funds from the plan of my old employer. Around the same time, I came across an article by Pastor Chuck Baldwin, which warned of a “coming financial crash.” For years I have followed the writings of Pastor Baldwin and have come to trust his insights. His advice in the article, which was to consider investing in a precious metals IRA, resonated with me. He suggested contacting David Hart, the National Sales Director of a company called Treasure Island Coins, for more information. As over a number of years I had come to trust Chuck Baldwin, I figured I could place my trust in any person or company that he endorsed. His endorsement of David Hart and Treasure Island Coins was very important to me and was the primary reason I contacted David Hart.
Right from the start, David was very helpful in providing web links to information that would help me in making the decision to ultimately invest in a precious metals-backed IRA. He was always available and knowledgeable if I had questions, yet I never felt rushed to make a decision. And when the time came to decide what type of precious metal (e.g., gold, silver, etc.) and in what form (e.g., coin, bar, etc.) to purchase, David brought in on a conference call the Chief Executive Officer of Treasure Island Coins to offer guidance and insight. That impressed me and the information presented and advice offered during that call made my decision much easier.
Working with David Hart and Treasure Island Coins was a very good experience. David was very helpful and provided valuable guidance in my purchase of precious metals as part of my IRA. I would recommend David and Treasure Island Coins for anyone looking to purchase precious metals as part of an IRA or otherwise.
I believe you would be just as pleased by speaking with David about your personal decision regarding investing in precious metals as were these folks.
Contact David here:
As I noted at the beginning of this column, Thomas Jefferson warned us that banking institutions are more dangerous than standing armies. This reality holds true to this day—and probably even more so. America is facing a financial day of reckoning: of that there is no doubt.
Everyone knows that the current stock market is in another bubble that will burst at any time. And Donald Trump has taken us to the precipice of global nuclear war. The Department of Defense (DOD) is urging its employees to stock up on gas masks and iodine pills (I have seen the documents). Power companies around the country are already scurrying to figure out what they will do in the event of an EMP (Electromagnetic Pulse). Hurricanes are buffeting the Gulf Coast, and fires are raging throughout the West. God’s patience with America might be running out.
One thing is undeniable: Gold and silver have formed the world’s economic baseline for virtually all of mankind’s existence. And this is also a fact: There is no better time—or even a more necessary time—to invest in gold and silver than RIGHT NOW.
Another recent financial report states, “If you want to preserve your wealth, buy physical gold,” expert says:
Gold, which is traditionally seen as a safe haven, is usually subject to the whims of supply and demand. Its value changes quickly, pushing the bullion price to extremely high levels at times.
The yellow metal also makes a habit of performing poorly when the stock market is doing well. But gold is the ultimate store of value, according to precious metals expert Ronan Manly of Singapore’s BullionStar.
“What this means is that gold retains its purchasing power over long periods. Gold’s purchasing power is not eroded by inflation as it is an inflation hedge,” the analyst told RT. “In contrast, fiat currencies such as the US dollar are not stores of value. Fiat currency purchasing power is consistently eroded by inflation, and over time fiat currencies, such as the US dollar, lose nearly all of their purchasing power relative to gold.”
Widely accepted as a safe haven, gold is commonly seen as financial insurance in times of crisis, conflict or war, with investors rushing to the asset during these periods, according to Manly. He compares the precious commodity to a “safe harbor when there is geopolitical turmoil.”
Again, to learn more about my decision to invest in precious metals and to partner with Chris and David at Treasure Island Coins, go here:
Article posted with permission from Chuck Baldwin