THE COMING SILVER STORM: The Public Is Not Prepared!

gold stormThe financial sky is growing dark.  The stock markets are experiencing volatile trade winds.  The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.

The Precious Metal Storm is coming… unfortunately, the public is not prepared.

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From The SRSRocco Report:

I believe the U.S. and world are heading toward an economic collapse that civilization has never witnessed before.  Even though we have suffered greatly through World Wars and global depressions, we have always been able to pull ourselves out of the chaos and destruction by regrouping and rebuilding.

As I have stated many times before… this time will be different.

After reading the work of various precious metal and energy analysts, I am quite surprised how many of these individuals can posses a high degree of intelligence while making some seriously flawed forecasts and assumptions.

One of my readers asked me a question via an email, “How could I offer a great deal of good analysis and data… while being BULLISH ON SILVER?”  This person couldn’t understand why I could be so fundamentally in favor of silver when typical orthodox analysis points to a bearish deflationary outcome for the shiny metal.

And… there lies the rub.

The U.S. and world are heading down the toilet because analysts, intellectuals and the movers & shakers running the show, have allowed their ignorance-greed rather than their intelligence-wisdom to guide monetary, economic and governmental policy.

FIAT CURRENCY ASSETS:  The Great Bamboozle

The chart below shows where the majority of U.S. personal sector monetary cash assets are allocated.  These do not include retirement or security investments, but rather are paper assets we may label as “Cash or Cash Equivalents.”

U.S. Personal Sector Financial Assets & Total Global Silver ETF's

According to the Federal Reserve Q3 2013 Statistical Release, the U.S. public had $1,174 billion in Money Market Fund Shares, $1,332 billion in Checkable Deposits & Currency and $7,723 billion in Time & Saving Deposits.  Thus, there is a total of $10,229 billion or $10.2 trillion in these paper cash assets.

You will notice on the left side of the graph a small pathetic figure of $14 billion.  This represents the total value of all the Global Silver ETF’s as of Q3 2013.  The data for that figure comes from GFMS Thomson Reuters Nov. 2013 Silver Update.

The next chart below details the holdings of the different Silver ETF’s from around the world:

Current Value of SIlver ETFs


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As we can see there are 655 million oz of silver held in these Silver ETF’s. If we multiply the 655 million oz by $21, we would get a figure of $13.7 billion.  I rounded the figure to $14 billion in the first chart.

If we assume that this is the largest store of physical silver in the world (not including the LBMA or COMEX), its total value ($13.7 billion) pales in comparison to $10.2 trillion held in U.S. personal cash assets.

Now, if we were to include the current 182 million oz of silver at the Comex and let’s say there is another 200 million oz at the LBMA, that would add another $8 billion to the figure… giving us a total of $22 billion.

Whoopee…

The U.S. public has $7.7 trillion stashed away in digital Time & Savings Deposits.  I am going to disregard the other two categories as they are fiat currency assets that the public may need to use on a more “day-to-day” basis.

However, Time & Savings Deposits are “extra or surplus”  funds that are generally not used in the day-to-day business of Americans.  Thus, the total value of the Global Silver ETF’s are 0.2% (one fifth of one percent) of the value of all U.S. Time & Savings Deposits.

This may not seem so strange to the typical American today, but just fifty years ago (when I was a kid), the U.S. Dollar was backed by gold and the our coinage had a great deal of silver in it.

After President Lyndon Johnson signed the “Coinage Act of 1965″, which removed silver from circulation, within a few years… it was difficult to find a silver coin.  Once silver was removed from official U.S. coinage, it went into hiding.

The term “hiding” means the public instinctively understands the implications of Gresham’s Law — bad money drives out the good.  When the U.S. Government starting minting base metal slugs as a form of official money, it didn’t take long for the public to withdraw real money (silver) from circulation.

Just a few years after the signing of 1965 Coinage Act, which removed silver from circulation, the next shoe to drop was gold.  On August 15, 1971, Nixon closed the gold window, which meant foreign governments could no longer exchange U.S. Dollars for physical gold.

Because the U.S. was printing so much money in the 1960′s to cover the costs of social programs and the war in Viet Nam, foreign countries were exchanging paper Dollars for physical gold.  During the 1960-1968 time period, the U.S. was apart of the London Gold Pool that attempted to hold the price of gold at $35 by selling thousands of tons of gold on the market.

The biggest loser in the London Gold Pool was the U.S. as it exported over 4,700 metric tons during that nine-year time period.  Here again was another example of bad money driving out good.

If we fast forward to today, Gresham’s Law is alive and well as the East continues to exchange worthless fiat Dollars for physical gold.  Not only did the Chinese import a record amount of gold in 2013, they also imported a stunning 247 metric tons in January.

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According to Koos Jansen from the “In Gold We Trust” website:

Having said that; How can gold demand (I assume that’s what they mean by usage) be 1176 tons, when China mainland net imported 1123 tons just from Hong Kong, domestically mined 428 tons, and additionally net imported gold through other ports? Regular readers of this blog know the number 1176 tons of demand is false, it was in fact 2197 tons as my research has exposed.

….Withdrawals from the Shanghai Gold Exchange vaults in January 2014 accounted for 247 tons, which is an increase of 43 % compared to January 2013. It’s also more than monthly global mining production and an all-time record! China mainland mines about 35 tons per month which is required to be sold first through the SGE. The other 212 tons (247 – 35) had to supplied by import or recycled gold. My estimate is that scrap couldn’t have been more than 25 tons, so import in January was a staggering 187 tons. China is still draining the vaults in the west BIG TIME.

Currently, China and many other Eastern countries are focusing on acquiring physical gold… as it is the king of monetary metals.  However, this does not mean that silver will miss the huge transfer of wealth show just because it is now a supposed “Industrial Metal.”

Silver is still a valued monetary metal due to the fact that the Official Mints continue to produce both Gold & Silver Eagles, Maples, Philharmonics, Koalas, Kangaroos and Libertads.  Do you see these Official mints producing these coins in copper??

Regardless, demand for silver is picking up as both India & China have increased their net imports of silver over the past several years.  This chart is from Nick Laird’s Chartsrus.com:

Chinese Net Silver Imports From Hong Kong

Here we can see that China has gone from being a big net exporter of silver, to a net importer since 2010.  In 2009, (last year being a net exporter), China had net exports of 1,260 metric tons.  However, in 2012, China became a net import of 82 metric tons.

While this may seem like an insignificant figure presently, it is the beginning of another trend change that will more than continue to a great degree in the future.

Furthermore, when the Indian Government cracked down on gold imports in 2013, its citizens switched to buying silver.  Indians imported a record 5,400 metric tons of silver in 2013:

Indian Silver Imports 2007 - 2013

This was a record amount of silver imported by India , probably surpassing the 2008 total of 5,049 metric tons.  This provides proof that citizens of the world will instinctively purchase silver if they cannot acquire gold.  When one monetary metal is unavailable, demand for the other will increase.

Did the Indians LOAD UP ON COPPER when they couldn’t buy gold?  Of course not.  Maybe at some point, the public will realize the monetary value of silver.

Unfortunately, the realization will be too late as available supplies of physical silver will dry up and blow away when the GREAT FIAT CURRENCY RESET finally arrives.

If we consider that the U.S. public holds $7.7 trillion in Time & Savings Deposits while the world has a paltry $13.7 billion in total Global Silver ETF’s, something is very wrong with the public’s ability to understand value.

Again, less than fifty years ago, gold and silver were legal forms of money in the United States.  Today, if you talk about the positive attributes of gold and silver on CNBC, you become the laughing-stock on the set.

The reason gold and silver will become some of the best stores of value in the future will be due to Peak Energy destroying the ability for the Global Fiat Monetary system to continue.

We must remember the KEY INGREDIENT that keeps a Ponzi Scheme alive is the ability to hoodwink a new batch of POOR UNWORTHY SLOBS to part with their hard-earned fiat currency.  When I say SLOBS, I am not trying to be harsh here (as I am one of the SLOBS myself), but rather to offer a term that the banking elite would be comfortable using in describing their clients — the public.

If a typical Ponzi Scheme needs a new supply of victims’ funds to keep it going, the Global Fiat Monetary Ponzi needs a growing supply of energy to allow it to continue.  That is why a peaking Global Oil Supply will destroy the ability for the Elite to continue manipulating the system.

The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.

Please check back at the SRSrocco Report as I will be providing a new REPORTS PAGE including my first paid report, THE U.S. & GLOBAL COLLAPSE REPORT.  You can also follow us at Twitter at the link below:

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Comments

  1. the coming silver storm
    I’ve read this 3 times now    it doesn;t really explain  why there will be a  Precious Metal Storm to anyone new to PM’s

  2. Can Solar ETFs Continue Their Rally in 2014? – ETF News And Commentary

     
    2013 was a banner year for Solar ETFs thanks to the favorable green energy trends and Obama’s ‘Climate Change Action Plan’. Basically, the demand for renewable energy trends is growing rapidly for electricity generation across the globe. Additionally, global warming and high fuel emission issues have resulted in the growing popularity of this clean energy source.
     
    Solar ETFs continue to soar this year as well, and have so far been the top performing funds in the alternative energy space. There are two funds in the solar space, the Guggenheim Solar ETF ( TAN ) and Market Vectors Solar Energy ETF ( KWT ) and both of these generated impressive returns of about 18% and 14%, respectively, in the first 15 days of this year on top of rock-solid returns of 126% and 93% in 2013 (read: Inside the Incredible Surge in Solar ETFs ).
     
    What’s Behind This Latest Surge?
    While the U.S. and China have been playing a great role in recent years in driving the industry, other nations are pushing hard to have a home-grown solar plant as a remedial measure to their electricity crisis. The latest to join this list is Asia’s third largest economy – India.
     
    India recently planned for a $4.4 billion solar plant which could arguably be the world’s largest. The tumbling cost structure helped India to take on such a gigantic project. As per Sources , ‘power from imported coal and domestically produced natural gas costs around 4.5 rupees a kilowatt-hour while solar energy costs are seven rupees – down sharply from 18 rupees in 2010′.
     
    Better economies of scale, increasingly cheaper panels and modules, as well as faster Chinese expansion leading to an oversupply of equipment have pushed the prices down of panels.
     
    The project will involve low-cost foreign technology – mainly Chinese – to generate 4,000MW of solar energy. Apart from China, India will import equipment from the U.S. and Taiwan.
     
    Thus, it is quite easy to understand that India’s colossal solar power project will end up benefiting the same industry in China, the U.S. and Taiwan. And here lies the trick as to why TAN and KWT are exhibiting an uptrend.
     
    ETF Exposure
    Both TAN and KWT have sizable exposure in these three countries. While China takes up 35% of TAN’s $356 million of assets and the U.S. consumes 26%, KWT puts $23.7 million of assets in the U.S., Taiwan and China in proportions of 28%, 20% and 18%, respectively.
     
    A few days back, this emerging global solar industry had been through choppier performances thanks mainly to overcapacity and falling prices. However, India’s recent venture will certainly give a much-needed boost to the Chinese solar industry thus benefiting the ETFs greatly (read: Are Solar ETFs in Trouble? ).
     
    Both the funds are currently hovering near their 52-week high level. TAN recorded a 52-week range of $15.00-$41.97 while KWT registered an impressive range of $35.39-$83.15 per share. The range clearly explains what a stupendous rally the duo has seen in last one year (see all the top Ranked ETFs here ).
     
    Other Drivers
    The demand for solar panels in utility, commercial and residential projects is surging in the United States. The EIA projects that utility-scale solar capacity will expand by about 40% between year-end 2013 and year-end 2015 in the U.S., in tandem with considerable consumption growth in renewables for electricity and heat generation purpose.
     
    The U.S.-based solar companies including SunPower ( SPWR ) , SolarCity ( SCTY ) , First Solar ( FSLR ) and SunEdison ( SUNE ) all have decent Zacks Ranks. SPWR and FSLR currently carry a Zacks Rank #1 (Strong Buy) and SCTY presently has a Zacks Rank #2 (Buy) suggesting that these stocks still have more to offer, though it’s unlikely to outpace the stellar performance of 2013 (read: First Solar Earnings Beat Puts Solar ETFs in Focus ).
     
    Demand is also building up in Japan. Japan’s domestic solar cell shipments more than tripled year over year in the time frame of July to September, while exports shrank two-thirds. Also, Japan closed its nuclear fleet following the Fukushima disaster in March 2011 leading to a surge in renewable energy options.
     
    Can This Uptrend Last?
    The short-term moving averages of TAN – the bigger Solar ETF – are well above the long-term averages as depicted in the chart below. This suggests continued bullishness for this ETF.
     
    However, there is a drag in the relative strength index that stands at 62.38 suggesting that the fund is near overbought territory and might succumb to a downward correction in the near term.

  3. Photovoltaic power station

    From Wikipedia, the free encyclopedia
     
     


    The 25.7 MW Lauingen Energy Park inBavarian Swabia, Germany

    photovoltaic power station, also known as a solar park, is a large-scale photovoltaic system designed for the supply of merchant powerinto the electricity grid. They are differentiated from most building-mounted and other decentralised solar power applications because they supply power at the utility level, rather than to a local user or users. They are sometimes also referred to as solar farms or solar ranches, especially when sited in agricultural areas.
    The power conversion source is via photovoltaic modules that convert light directly to electricity. This differs from the other large-scale solar generation technology, concentrated solar power.
    Photovoltaic power stations are typically rated[1] in terms of the DC peak capacity of the solar arrays, in mega watt-peak (MWp), or of the nominal maximum AC output in megawatts (MW) or mega volt-amperes (MVA). Most solar parks are developed at a scale of at least 1 MWp. The largest operating photovoltaic power stations have capacities of hundreds of MWp; projects up to 1 GWp are planned. The cumulative worldwide capacity of plants of 10 MW and over as at March 2013 was reported to be 12 GW.
    Most of the existing large-scale photovoltaic power stations are owned and operated by independent power producers, but the involvement of community- and utility-owned projects is increasing. To date, almost all have been supported at least in part by regulatory incentives such asfeed-in tariffs or tax credits, but capital costs have fallen significantly in the last decade and are expected to progressively reach grid parity, when external incentives may no longer be required.

  4. What makes more sense –
     
    that the Fed ran (runs) a secondary QE program (perhaps equal to the on-books QE…perhaps double) through foreign financial centers of the world through countries like Ireland, Belgium, Norway, Taiwan, UK, HK, Russia, etc, etc. to maintain the US Treasury bid / yield and these purchases are “attributed” in the nation where they are purchased (not to purchaser)
     
    http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/ticfaq2.aspx#q7  Check out how TIC handles this…
     
    ie, who believes that our good friend Russia increased their holdings from $8 B in Jan ’07 to $140 B today???  Make sense???
     
    ie, how bout China increasing from $400 B in ’07 to $1.268 T now in US Treasury debt???
     
    ie, how about Norway who held $0 in June ’07 now holding $97 B in Treasury debt???  Make sense???
     
    ie, Ireland held $10 B in ’07…now holds $125 B???  Make sense???
     
    And on and on…
     
    OR
     
    These countries love american debt that yields nothing, will be paid back in inflated dollars, and ties them to a dollar based global system they are trying to move away from???  Since ’08 they have all supposedly massively increased their holdings for somebody???
     
    If above is even remotely correct – Dollar may be the dirtiest dirty shirt!!!
     
    These nations are de-dollarizing asap via removing dollar trading (particularly China/ Russia), talking dollar down, but strangely their attributed holdings only go up…perhaps they really are moving away and we only see the facade of dollar stabiliteeeee’
     
    The biggest “red flag” in this is the Fed tapering.  The Fed were buying all medium term Notes / all Bonds (up to their 70% limit) but on their stated exit from QE, “Foreigners” who own $5 T+ (double the Fed’s holdings) would have seen rates would be rising and prices falling…if they were “investors” they would have been selling.  The Fed would have known they could never taper without a rate shock.  But no selling…no yields to the moon.  These “foreigners” are not “investors”.  This is someone unconcerned with taking losses as if they can always print moar.

    • @Ham-bone

      I believe you are on the money.

      Considering this proposed deception by the FED, and pull away from USD/UST by China and Russia it seems clear that it is just a matter of time before a political escalation causes the house of cards to fall.

      Ukraine definitely has the makings.

      Under the current status quo of UST deception, the FED could keep the balls in the air for a lot longer than any of us would expect.

      However, the FED does not control Russia or China, and they may not fear the US.

      The million dollar question is:

      If we know that Phyz Gold, Silver and Copper have a place in the future regime, what will happen to the miners once everything unwinds?

      My guess, is they are monkey hammered by those who want to pick up these ‘banks of the future’ up at a song. 

  5. Excerpt: “Did the Indians LOAD UP ON COPPER when they couldn’t buy gold?  Of course not.  Maybe at some point, the public will realize the monetary value of silver … Unfortunately, the realization will be too late as available supplies of physical silver will dry up and blow away when the GREAT FIAT CURRENCY RESET finally arrives.”

    Mr. Jansen’s observation is exactly why I’m bullish on copper in anticipation of needs just past silver’s expected ‘disappearance’. When paper is generally disparaged and yet silver is too highly coveted to circulate, what will coax silver from ‘hiding’? The answer is, of course, trade of copper for ‘small money’. Real for real, along their naturally derived pre-established guide-line of rational exchange at 100:1, the absolute necessity for ‘street-commerce’ will compel that ‘base’ to re-form.

    Very few folks know that the original concept of the American Continental coin was a ‘Fugio’ copper (brass) piece, supplemented with pewter (lead) fractionals. http://i1220.photobucket.com/albums/dd458/elyj83/DSCI0473.jpghttp://img163.imageshack.us/img163/6579/pict0017pb.jpg … but the Euro-Bankers pushed the ‘stakes’ up to a less secure silver base; far more vulnerable to induced ‘shortages’ the bankers could contrive.

    This scenario is quite analogous to the thread a few days ago, concerning highly ornate and precious building components cheeply available in the ‘scrap’ market. We’ve always been encouraged to build our proud mansions on foundations of ‘framing timber’ (silver), rather than impermeable rock and concrete (copper), so after we’ve gone to great cost of our labor to erect these unsound structures which fail … the elites come in to ‘salvage’ the lot for a song and dance.

    We’re Slaves facing the task of re-capturing our Liberty, any realistic hope of which is intensively tied to economic independence … ‘all for one, one for all’. To do this means re-construction of our private commerce on the most enduring base we can envision. From our most humble fellows to our most endeavoring entrepreneurs, it’s crucial that each and every one be supplied with means to thrive and incrementally succeed. This ‘grand edifice’ of ‘Liberty and Justice For All’, originally laid out in 1776, was seen to be raised on a ‘sub-structure’ of … copper … and only then further adorned with finery fashioned from silver and gold.

    Paper Rots, Coin Does Not.

    • Not sure if this proves your point as Chinese using “hards” for financing or shows dangers due to record stock piles
      http://www.zerohedge.com/news/2014-02-17/chinese-iron-ore-stockpiles-rise-record-end-demand-plummets

    • Hambone … “Not sure if this proves your point as Chinese using “hards” for financing”

      The steel surplus ties in well with further confirmation of Steve Saint Angelo’s thesis on energy supply dictating macro-economic projections more accurately than ‘circumstantial’ trailing elements like steel or concrete demand.

      Maybe Chinese xenophobic egotists disdain Adam Smith because he’s ‘Western’ (along with their stupidly power-mongering Western counterparts), but they’d be better served to adopt his Real Bill Doctrine, rather than deflate their economy of circulation by playing the ‘flying money’ game again. Hypothecating the ‘value’ of copper never was a wise use of their huge inventory of the metal. As in 1450 AD, its best application is to replace renminbi with it and let it liquidate Discounted Real Bills contractually, so debt accumulation is kept in strict abeyance within mine recovery variations, naturally affecting inflation.

      Nothing can very long be made cheap or dear. Over time, things revert to their rational inter-relational ‘valuations’. If that eventuality is forced into delay, the re-balancing rises to ‘tectonic’ ramification. Shake, Rattle and Roll!

  6. Why aren’t US citizens requiring the uncut dollars issued by the US Treasury that John F. Kennedy printed before his assassination to replace the unconstitutional Federal Reserve Notes?  Why doesn’t the US accept the 170,500 metric tonnes of gold allocated to the US by the authorized signatory of the Global Collateral Account before the certain and impending death of the Fiat Monetary System?  Why didn’t Chief of the Joint Chiefs of Staff General Dempsey answer these questions at his December 2, 2013 town hall meeting?  https://s3.amazonaws.com/khudes/update3.docx  https://www.youtube.com/watch?v=F-2Rfuq8NBU#t=527   https://s3.amazonaws.com/khudes/691+-+The+Bankster%27s+Scene+-+with+Whistleblower+Karen+Hudes.pdf

    • KarenHudes … “Why aren’t US citizens requiring the uncut dollars issued by the US Treasury that John F. Kennedy printed before his assassination to replace the unconstitutional Federal Reserve Notes?”

      Because, Ms. Hudes, whether bank or government issued, circulation of credit notes destroys Price Discovery. There is only one stable … Common Law … Constitutional … form of money, and that is metallic coin. It seems I have to ask … is your ‘oath’ to the DC city-state Bar Association, or to the original, ordinary jurisdiction Law and Constitutions?

      Banks need to revert back to administrative bailor-clerking operations, clearing Real Bill liquidations and satisfying themselves with depositor-limited Loan activity surrounding short-term consumer credit.

      With banks confined to that proper functionality, politicians won’t any longer puff themselves up with extorted paper illusions of grandeur and themselves revert back to THEIR proper functionality of public opinion conduits … fully answerable to their constituencies.

      Now, as an ‘attorney’, you ought to … intimately know … that Title At Law as In Equity is impossible to secure through credit instruments. Thus, the ‘path’ you’re here to condone is a broad avenue back to Feudalism, where all Title reverts under the governing body as ‘guarantor’ of mere conditional possession … pending judicial exercise of ‘Superior Title’. Why then, might you ‘counsel’ readers here to do so?

    • @KarenHudes
      “…Why aren’t US citizens requiring the uncut dollars issued by the US Treasury that John F. Kennedy printed before his assassination to replace the unconstitutional Federal Reserve Notes?…”
      I suspect that 1.) the US citizens don’t even know that they exist, if indeed, they do.  2.) I also would observe that the criminals now run the insane asylum called the US government and, if indeed, the opportunity to use US money instead of Federal Reserve Notes was a viable option, the process would never be allowed for the same reasons that got JFK killed. Read Pat Field’s excellent description of this in more detail in the previous post (Thanks Pat. Good timing! :) )
      “…Why doesn’t the US accept the 170,500 metric tonnes of gold allocated to the US by the authorized signatory of the Global Collateral Account before the certain and impending death of the Fiat Monetary System?”
      This entire issue of the Collateral Accounts is shrouded in mystery, fraud, deceit and obfuscation that the likelihood that there is any physical gold backing the paper promise of the “Gold Certificates” which is still available to the people of the world is slim to none.  And, given the level of the penetration of the globalists into matters, like this, I would be absolutely shocked that, if this physical gold did in fact, ever exist as a distinct holding, it has long since been stolen or misappropriated.  Over the past 2 decades, there have been so many claims, forged documents, and deceptions surrounding this entire issue that the likelihood of their being anything there at all would appear to be nil.  Over the years, I have seen at least 7 or 8 full sets of documents purporting to demonstrate a claim to tonnages ranging from 100,000 to over 500,000 mt that are supposedly out there in the world just waiting to be claimed and returned to their rightful owners.  As an example of this, what ever happened to the claims of Doris Ekkers and her husband, who allegedly was killed in his attempts to gain the release of this gold back to the people?  If any of this were really true, then it would have to be repatriated to those from whom it was plundered from in the first place, by the Germans and the Japanese in WWII.  Assuming the tonnage referenced by all your documentation actually exists in the first place, it’s not America’s gold to begin with.  It never was.  The World Bank and the IMF, who supposedly held access to it are instrumentalities of the Globalists, as you surely must have discovered by now, after you ‘uncovered” the improprieties within the organization and tried to report this to your superiors….
       
      “…Why didn’t Chief of the Joint Chiefs of Staff General Dempsey answer these questions at his December 2, 2013 town hall meeting?…”
      Why would he?  For that matter, HOW could he?  Perhaps because this is a political matter, not a military matter and, in any event, a public airing of this information ahead of proper vetting would have been inappropriate?  Or, perhaps it is because Dempsey is in the globalist’s pockets?  There is certainly a body of evidence out there pointing to this possibility…   Or, possibly because, in the military archives and history, the true disposition of this gold is already known?  I don’t know anything for sure, but I can tell you that there are far more questions regarding this subject than there are answers to satisfy them.
       
       
       
       
       
       

    • @PatFields
       
      “…Now, as an ‘attorney’, you ought to … intimately know … that Title At Law as In Equity is impossible to secure through credit instruments. Thus, the ‘path’ you’re here to condone is a broad avenue back to Feudalism, where all Title reverts under the governing body as ‘guarantor’ of mere conditional possession…”
      As the Sovereign Economist slaps himself in the forehead in an epiphany moment of clarity… You’ve just given me the answer to the question I’ve grappled with since I heard Ms. Hudes’ first interviews last summer or thereabouts when she came upon our scene…
      Why Her?  Why THEN? and for WHAT PURPOSE was she turned out?
      A broad avenue back to Feudalism indeed!!!   Brilliant.

    • Sovereign Economist … “the criminals now run the insane asylum called the US government and, if indeed, the opportunity to use US money instead of Federal Reserve Notes was a viable option, the process would never be allowed”

      It doesn’t really make any difference. All credit instruments are the intellectual property of the DC city-state by its municipal statute … applicable upon any municipal ‘citizen of the United States’, no matter where in the world ‘resident’.

      “A citizen of the United States is a citizen of the federal government …” (Kitchens v. Steele 112 F.Supp 383)

      Title 18, United States Code, Section 8 states:
      “Section 8. Obligation or other security of the United States defined
      The term “obligation or other security of the United States” includes all bonds certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued.

      So, by blatant intent demonstrable from the Constitutional Debates; Art. I, Sec. 10; and the total absence of any enumeration to issue Bills of Credit into the States by Congress, it’s perfectly obvious that the sole jurisdiction under which such issue can possibly be constitutionally compliant is … provided at Art. IV, Sec. 3, cl. 2, exclusive Congressional ‘Territory, or other Property‘. Such ‘other Property’ having been approved as ‘Districts’ under the ‘Whiskey Tax’ measures in 1791, then made into municipal extensions by the Act to Create a Government of the District of Columbia, in 1871.

    • Sovereign Economist … “You’ve just given me the answer to the question I’ve grappled with”

      I’m quite pleased to have been of assistance, Friend.
      ‘I remain, your humble servant …’

    • For a better look at the original image…
       
       

    • @PatFields >>>it’s perfectly obvious that the sole jurisdiction under which such issue can possibly be constitutionally compliant is … provided at Art. IV, Sec. 3, cl. 2, exclusive Congressional ‘Territory, or other Property‘. Such ‘other Property’ having been approved as ‘Districts’ under the ‘Whiskey Tax’ measures in 1791, then made into municipal extensions by the Act to Create a Government of the District of Columbia, in 1871.
       
      That’s very interesting leg work Pat … Cheers! A charted Legal Fiction of absurdity that only a Barristocracy could conjure. DC is to the US what the City of London is to the UK … a parasite.
       
      SO, by implication, would a Federal Court based in DC or an individual State be considered Federal Property and by extension, the ONLY jurisdiction where suits pertaining to USDollar (or FRN to be more precise) fines/corporate actions can actually be dealt with?
       
      God only knows what kind of a Currency and Money system should be implemented to replace the FRN … A Greenback alternative with a mandated Limit on Fed Issuance until they can be replaced by State Based Monetary Reform? If it is true that the Rockefellers got their hands on the Fort Knox Gold and are shacked up like the Rothschilds with the PM’s whilst everyone else holds Paper and Debt to a Central Bank, then moving back to PM’s and Gold Standard could be the worst move patriots could make. this bothers me greatly lately. Maybe a Debt Free Greenback for a while would be more damaging to the Private Banking interests than a return to PM’s???
       
      Actually, stuff that, let’s go back to Tally Sticks, and community based Exchequers, at least they represented actual Tradeables, however some bastard would invent a Tally Stick Futures Market … or BitTally, a CryptoTallyStick … LOL.
       
      All I know is that unless these Private Bankers are brought to their knees this world will never be free, and paying interest on ANY Unique Currency/Accounting Unit loaned by its creator with interest who has monopoly on its Unit creation is an Evil Heresy.

    • WillNotBeASlave … “That’s very interesting leg work Pat … Cheers!”

      Thanks! It hasn’t come quickly nor easily. I’ve been digging and cogitating on these questions many years now.

      To further highlight how tenuous a bluff these ‘Whiskey Tax’ Districts were, I came across a news report from the period describing how Hamilton, face to face, ‘threatened’ the ‘Rebels’ with prosecution … unless … they first swore Allegiance to the United States … then … agreed to submit to the tax!

      Notice that although the Authorized Districts served as separate but coincident territorial jurisdiction in which Assessors and Collectors could range, yet, as the inhabitants were ordinarily Sovereign under Pennsylvania jurisdiction … ipso facto: the Feds had no Personam Jurisdiction. So, that’s why the Oath had to be secured first. Hamilton couldn’t Lawfully proceed on his threat otherwise! Once that damning Oath was uttered … the obligation of subjugation followed.

      Since then, State Legislatures have pulled the same little charade Congress had in 1871. They’ve surreptitiously shifted their operations under those ‘Whiskey District’ jurisdictions, through a web of statutes and State Constitutional Amendments, classifying all office holders and ‘voters’ under status as municipal ‘citizens of the United States’ … leaving the original, ordinary States’ Lawful Constitutions, Authorizing any government at all … simply vacant and inactive yet in force. Can we say, Hamilton’s ‘Oath’ presumed en masse? And, these are the very same slick snakes Ms. Hudes proposes we send into a Constitutional Convention? Not while I still have voice to vehemently oppose it!

      Here in America, our true 1787 Trust Constitution, forbids circulating Bills of Credit. There’s millennia of sound, hard-learned Economic Experience demonstrating the superior logic of the Constitution’s mandate that Coin, which is the sole Money of Weight and Measure recognized, is ever so much valid a principal for all Free Peoples to strive for, if they too seek Liberty and Independence, from both statist politician overbearance and financially cannibalistic bankers.

      Paper Rots, Coin Does Not.

    • @PatFields >>>And, these are the very same slick snakes Ms. Hudes proposes we send into a Constitutional Convention?
      That’s the real telling thing. It’s always the 1% Agenda hidden behind the 99% truth. Any ConCon would open the door to a Con, and once it is called they will shred the actual text even more than the Legal Fictions built on top of it have affected.
       
      The Whiskey Tax stuff is very interesting … makes you wonder what Hamilton would have done if they HAD NOT taken the Federal Oath? would he have declared them foreign aliens and deported them even though they were always covered under their individual State Constitutions? … not to mention Natural Law?

  7. The public has made their own bed. 

    • andrew james

      Can I then presume by your statement, that you’ve been possessed of your full knowledge and depth of comprehension since childhood? Perhaps I need to point out that ignorance and intelligence are starkly distinct attributes, neither of which necessarily implies what wisdom might ensue from them.

      The People have been delivered into their condition by their politicians! One can only learn what what one is taught, or has time to investigate on their own.

      By constant depreciation of Plantation Scrip surreptitiously foisted on them by government, The People have been kept running on a hamster-wheel of frantic distraction, just to keep ahead of their incessantly ballooning cost of living.

      You can cynically ‘blame’ them, but I rather pity them and do all I can to help enlighten them. It serves no useful purpose heaping castigation on them. So, I kindly entreat you to re-assess your ‘calling’. Teaching is very deeply rewarding, I assure you!

    • @andrew james
      “The public has made their own bed. “
      The deceivers have been in control of everything from the media to the educational systems in this country for too many decades.  As much as I am all too often one to lament that we wouldn’t be facing what we are facing if only the “SHEEPLE” would “wake the h*ll up” — the truth is that their slumber was a carefully crafted outcome of over 50 years of trim-tabbing their life experiences, such that they have been conditioned for what has been prepared for them.  From Bernays to Fox to Obama, the fall from awareness of their plight has been a carefully crafted slippery slope.  I’ve spent years yelling from behind a microphone to awaken them to our common peril… as one day, you and I may need them to watch OUR backs…
       
       ”I have promises to keep.  and miles to go before I sleep.”
       

  8. “During the 1960-1968 time period, the U.S. was apart of the London Gold Pool that attempted to hold the price of gold at $35 by selling thousands of tons of gold on the market.”
     
    I find this an interesting and important data point but what would be even more fascinating would be knowing who bought all that gold.
     
    “If we fast forward to today, Gresham’s Law is alive and well as the East continues to exchange worthless fiat Dollars for physical gold.”
     
    Regardless of Gresham’s Law, the fact is that people in the East simply value gold and silver more highly than do most of those who live in the West.  Like anything else, these metals are flowing to where they are most highly valued.
     
    As to fiat being “worthless”, I think that we all know better.  Fiat will only be worthless when one cannot use it to buy the things that they need and want.  Currently, that is not the case.  Food & drink, fuel, utilities, rent, taxes, entertainment, toys, cars, RVs, guns and ammo, preps of all kinds, etc., can all be paid for with fiat.  When the day comes that this is not true, THEN fiat will be worthless.  Until then, it has value.  In any case, fiat is for spending and paying our bills.  PMs are for saving and maintaining our purchasing power.
     
    “China is still draining the vaults in the west BIG TIME.”
     
    Of course they are… and the West is not only allowing this but encouraging it via continuing to suppress the prices of gold and silver far below their inherent value.  If something is worth $5 to you but Joe over there insists on only charging $1 for it, you are gonna buy all that Joe has for sale at his $1 price.  Once you have established yourself as THE big holder of this item, YOU will be setting the future prices for it and not Joe.  He’s already had his turn by then.  So too will it be with PMs.  Once the Western vaults are near empty, those bulging Eastern vaults will decide what the price will be… and unlike poor old Joe there, they KNOW what it is really worth.
     
    “Again, less than fifty years ago, gold and silver were legal forms of money in the United States.  Today, if you talk about the positive attributes of gold and silver on CNBC, you become the laughing-stock on the set.”
     
    Those of us who are in our 60s and older well remember the 90% silver coins of our childhood days.  Those who scorn such real value when they see it are either fiat shills or idiots, IMO.  Just ask them what other investable item has risen in price for 12 years in a row… ever?  When the US stock market was down 5.2% from Jan 1999 to Jan 2011 (per http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart), gold was up 500% and silver was up 600%.  If that isn’t a serious financial @$$ whipping, I do not know what one would be.  Yet, this remarkable performance by ANY asset was almost completely ignored.  Not so any drops in the prices of gold and silver along the way but the rises in prices were given incredibly short shrift.  It was almost as if it was… planned… or something.  :-/
     

    • Please see minute 27:50 of http://youtu.be/H5h1i-7qt88 “The gold that belongs to humanity would be coined.”
       

    • KarenHudes … “The gold that belongs to humanity would be coined.”
       
      Really, Ms. Hudes? If you actually did … know … of such a huge cache of gold, enough to ‘make everyone rich’ (an economic impossibility, as inflation is inflation, regardless of medium), then why promote government issued debt-paper ‘certificates’ against silver long gone from its vaults? Logic dictates there is no such fabled hoard, just as there is nothing of consequence in Ft. Knox or the NY Fed. Now, isn’t that true, Ms. Hudes?

      Back on point … I’m really curious to hear your answers to the questions I’d posed above. Please stipulate here on the public record, to what entity is your Principal Oath? The Bar Association, or the Constitution? Under exchange utilizing Promissory Instruments, in which government holds the Property of Ownership Title, how are The People to secure any such Title in their private estates? After all, Ms. Hudes, if they haven’t Titles to offer, they’re foreclosed from commanding titles by trade. Isn’t that also true, Ms. Hudes?

  9. What is your purpose accusing me of having sold out, when my 15 years’ sustained effort is on the public record? http://kahudes.net/wp-content/uploads/2012/05/exhibit3.pdf  As for my relationship with the Bar Association, I have repeatedly said that after the DC Board of Professional Responsibility refused to sanction the World Bank lawyer who altered material evidence that he presented to court in my case, the Bar Associations should be relieved of the responsibility of licensing other lawyers, and that this is now a task that should devolve to the public.  Do a little research before shooting off your ill-informed mouth, you shill!!!  

    • WHOA!!!!
       
      Pat Fields, a shill???   He simply asked what your “Principal Oath” is to?   He didn’t accuse you of, “…having sold out.”
       
      As to your relationship with the BAR Association, the fact that you have “…repeatedly said that after the DC Board of Professional Responsibility refused to sanction the World Bank lawyer who altered material evidence that he presented to court in my case, the Bar Associations should be relieved of the responsibility of licensing other lawyers, and that this is now a task that should devolve to the public….” is not relevant to the question asked.
       
      I believe your answer to Pat’s question is what you lawyers call, “Unresponsive.”
       
      Assuming you, the poster under this name are, in fact, who you allege to be, I find your last response quite unexpected and a bit disappointing. Surely, the World Bank is little more than a corrupted, criminal instrumentality of the globalist cabal. The record of improprieties within that organization is legion and will very likely be dealt with in it’s proper time and place in the future.

    • Ms. Hudes,
       
      Let me ask you one question, with a followup:  Regarding Dr. Ray Dam, who was allegedly arrested on charges of counterfeiting in Cambodia, I believe,  were the charges real or false?  And, if false, then, who set him up and for what purpose?

    • KarenHudes … “What is your purpose … As for my relationship with the Bar Association”

      My purpose, Ms. Hudes, is to attain an unequivocal statement for the record. Again, in which do you declare Principal Oath and Allegiance? The Bar Association … or the original, ordinary Constitution for the united States of America? Please identify one or the other, without evasion.

      And, it would be enlightening to know for the record … by International Law … of exactly which Country do you assert Citizenship?

  10. If you think my answer is unresponsive, chances are that you are also a shill.  You seem to have ignored my many radio programs explaining that you do not blame a bus that wa hijacked for careening down a one way street in the wrong direction.  I am using the stakeholders described in the top row of my website http://www.kahudes.net to form a coalition to turn the bus around and head it in the right direction.  The chance that these coalitions clean up the institutional machinery at the World Bank/IMF, and avoid a collapse of all the paper currencies issued by the Bank for International Settlements, is 90% according to an accurate power transition model developed for the Defense Department described in footnotes 7, 8 and 10 in http://www.larsschall.com/2013/05/08/governance-issues-at-the-world-bank-a-security-risk-to-the-world-order/ 
     

    • Just as you discovered the fraud and malfeasance within the World Bank,   Your top 5 Stakeholders are all JUST as Infiltrated and Fraudulent as those in the World Bank you identified.  These  Stakeholders are no longer on the side of the WE THE PEOPLE or, for that matter, the people of the world…. do I need to write a few pages on each one of these Stakeholder entities???
       
      That’s the REAL PROBLEM here… and, I think even YOU have to have been surprised, when you first identified the problems within the World Bank and tried to report them, at just how big a tiger’s tail you found yourself pulling on…
       
      Believe it or not, I WANT to believe you are right and this stuff can be turned around without violence and genocide growing any further than it already has,  But these criminals have had 100+ years to work out the plan and by now have gotten into every control room necessary to effect their plan to control the whole world.  Will they succeed?  I don’t know but I don’t think they will simply  because they are already losing control of too many components of it.  And it may their own arrogance and hubris that outsmarts them in the end….
       
      Personally, I’d like to know a WHOLE lot more about that power transition model and how it was developed and what basic assumptions were engineered into the methodology….  THE BIS is at the TOP of the CRIMINAL CABAL HEAP!!!  How can the odds of being successful be 90% when there is NO RULE OF LAW where these criminals in control are concerned?? Hell, they are killing potential banker whistleblowers as we write here….

    • KarenHudes … “The chance that these coalitions clean up the institutional machinery at the World Bank/IMF, and avoid a collapse of all the paper currencies issued by the Bank for International Settlements, is 90%”

      As I’d said in my initial response to your appearance here, Ms. Hudes, circulation of credit notes destroys Price Discovery (and thus, by extension, whole economies). Yet, here again you state for the record, that you seek to preserve enduring propagation of Bills of Credit.

      Whomever is … driving … your allegorical ‘bus’ is of no essential consequence when the thing is a time-bomb in the mere appearance of a ‘bus’ … unwavering focus on the operators of which, then curiously, only serves to divert examination of that fact. Isn’t that true, Ms. Hudes?

  11. I am ending this dialogue because you are attributing to me positions that I do not hold.  Good Bye Pat Fields

    • !!!

    • KarenHudes … “I am ending this dialogue”

      Yes, Ms. Hudes, I expected as much, since this is the same response I encountered on your website a year or so ago. You’d quickly barred me from posting there for raising similarly penetrating questions, which you’d evaded then as well.

      If, indeed, you were a proud, unabashed champion of the 1787 Trust Constitution under solemn Principal Oath, you’d answer my query without an instant’s hesitation … to notoriously stand upon the public record. And too, if you held yourself a Citizen of an American State, under its original, ordinary Common Law jurisdiction, you’d unequivocally assert so in a pico-second.

      However, Ms. Hudes, you’ve blatantly avoided any such clear demarcation in witness of your true ‘clients’. So, the evidence here disclosed weighs most heavily toward concluding your Principal Allegiance is to the Bar Association (Barristocracy) and its confabulated District of Columbia municipal city-state and status as foreign ‘citizen of the United States‘.

      “The United States Government is a foreign corporation with respect to a state.” Volume 20: Corpus Juris Secundum, (P 1785: NY re: Merriam 36 N.E. 505 1441 S.Ct. 1973, 41 L. Ed. 287)

      “A citizen of the United States is a citizen of the federal government …” (Kitchens v. Steele 112 F.Supp 383)

      Let the witnesses here present, and all whom in future should examine this record, adjudge what truth it imparts to Reason.

    • As I understand this, her ‘Loyalty Oath’ (Principal Allegiance) could only be to ONE entity without conflict of interest – The Crown.  And, by the very fact that she identified as an “Attorney At Law,” she was precluded from ever having ANY allegiance to the Organic Constitution of 1787. Hence, her response to your query could only be moot.  And, it was THIS loyalty to the Crown and THIS conflict of interest that was the subject of the FIRST 13th Amendment to the Constitution of 1787, dealing with Titles of Nobility and the PRIMARY reason for the War of 1812 to eliminate ANY evidence of it’s ratification by the several states. This would have effectively barred them from any further influence in the new Republic.
       
      As it is alleged by some, the BAR is at the Source and the Heart of the Globalist campaign to enslave the world. It might, rightly, be said that the traitors still run among us… Again, as I am given to understand it, whenever you ‘appear’ before a ‘court’ and ANY ‘attorney’ (agent of the Crown) is present, you are presumed to have waived extradition from your original venue to a venue of the “District of Columbia” jurisdiction.”

    • @KarenHudes
      OITC is a fraud.
      NESARA is a fraud.
      Collateral Accounts? … I don’t even know where to start with the many problems with your assertions, all I know is you are being very effective in discrediting many good people by seemingly fighting the current bankster/fiat system, but in reality you are making it seem like organizations such as the World Bank and IMF can be redeemed, when they were founded in iniquity as a financial invasion front, and are only backed and structured to act as such. Africa, South East Asia, and South America are decades behind where they should be development wise precisely because of these fronts for the Private not-so-Federal Reserve Cartel, and other assorted national Central Banking Jackals.
       
      As PatFields has said, these organizations BOTH push the USD CREDIT NOTE/NUMBER into the world and then wrap entire countries in Debt that CANNOT be paid by design, not to mention these countries all have their own Central Bank issuing Funny Credit Notes and demanding their pounds of flesh from their enslaved peoples whilst Anglo-American TNC’s suck the life blood out of their natural resources and prop up oppressive regimes with graft and weapons.
       
      Do you want to save the BIS issued Credit Instruments? …with hypothetical Gold and other assorted Collateral that only a specific clique of ‘benevolents’ will control? …would ‘environmental’ programs be a part of the solution I wonder? Or a forced prerequisite is probably a better term?
       
      I know you are only an International Lawyer (ILA) and that Zohny & Assoc, is DC-Egypt Suez based business, and that your husbands name was Barry A. Spergel CEO of Wilmer, Cutler & Pickering.
      Did Barry work for/with the WWF? …Did he also consult on Carbon Markets and International Law for the emerging Carbon Markets? You both could not have been involved with 3 more blasphemous and fraudulent organizations/areas than the World Bank, WWF, and Carbon Markets. All 3 are designed as fronts to exploit well meaning people into supporting the same corporate vampires they purport to fight.
      You are either very easily manipulated and easily used by scum bag so called ‘elites’, or you willingly work with them and treat all of us in the alternative media like fools.
      Do you have any idea that the Carbon Fraud that was pushed at Copenhagen 2009 was anything other than a device to lock up African and developing countries into a permanent non-industrialized straitjacket below Anglo-America, whilst also destroying the Middle and lower Upper class in the First World …  and that COP was the most fraudulent Eugenics NAZI like push for a global technocracy? Thank God they walked out and called it for what it is, even if they haven’t worked out yet that the so called ‘science’ itself is a fraud.
      You are only backing out of a conversation with PatFields because he is telling you the truth.
       
      Also you might consider leaving the ILA if you had any shame, the Chairman of the ILA Monetary Committee is Tony Blair’s Brother for Gods sake. Imagine putting the brother of one of the biggest Neo-Liberal Corporatist Military Industrial Complex War Criminals that ever lived in charge of advising International Lawyers how to approach or structure International Monetary Law; the audacity of it is palpable.
      World Bank + WWF + Carbon Markets + ILA + Trying to save BIS Paper = Shill?or fool? I won’t insult your intelligence and perhaps settle with shill.
      Why don’t you join the Council of Foreign Relations just for fun.

  12.  
    In personam attacks on me, my family, and my colleagues do not merit any response.  As other commentators have pointed out in the following interviews, the presence of shills boomerangs by validating the truth they attempt to undermine. There have been 134,888 viewers of these recent videos.  I seem to be winning the debate, at least based on 1660 (93%) + versus 119 (7%) –


    https://www.youtube.com/watch?v=F-2Rfuq8NBU#t=527
    http://youtu.be/H5h1i-7qt88
    See also Joseph Farrell’s argument concerning the size of the world’s gold, cloaked in secrecy:


     
     
    My efforts to clean up the corruption is a matter of public record http://kahudes.net/wp-content/uploads/2012/05/exhibit3.pdf in a case in the DC Circuit Court of Appeals that was settled by 188 Ministers of Finance http://kahudes.net/wp-content/uploads/2013/01/ljudicialconference1.pdf  
     
        
     

    • KarenHudes … “There have been 134,888 viewers of these recent videos.  I seem to be winning the debate”
       
      Anyone … with financial backing … can buy faked ‘hits’ and ‘views’ on YouTube, Ms. Hudes.

      http://www.dailydot.com/business/youtube-buy-fake-views-deleted/

      The very slickest, most flag-waving, ‘patriot rhetoric packed’ videos on the net, push this ‘Interest Free Government Note’ boondoggle. That in itself raises huge ‘red flags’. Where’s all this production funding appearing from?

      “Guard with jealous attention the public liberty. Suspect everyone who approaches that precious jewel.” –Patrick Henry

      I could only add … especially those surreptitiously promoting actions blatantly un-Constitutional in letter … and spirit … while loudly marketing such a message as rather embraced by it.

    • KarenHudes >>>As other commentators have pointed out in the following interviews, the presence of shills boomerangs by validating the truth they attempt to undermine.
      EXACTLY! You say the truth! Your shilling only exposes your agenda to those who can see the truth! Condemned by your own logic.

  13. Speaking of the Constitution of the United States, see my disclosures on the 1871 second hidden constitution and the upcoming Constitutional Convention under Article V of the Constitution, requested by 41 state legislatures to correct this anomaly:
    httpa://s3.amazonaws.com/khudes/two+constitutions.pdf 
    https://s3.amazonaws.com/khudes/Two_Constitutions_in_US.pdf
    https://s3.amazonaws.com/khudes/LettertoZacharySomers.pdf



    • KarenHudes … “Constitutional Convention under Article V of the Constitution, requested by 41 state legislatures to correct this anomaly”

      You’re promoting a Con-Con composed of the same SOBs operating under exclusive Congressional District jurisdiction, and you expect anyone knowledgeable of the 1871 DC city-state entity’s creation, to anticipate a … “correction“?

      (District) State offices display the fringed, tasseled flag of the Administrative Executive, because they conduct their operations under DC’s foreign statutes! Law of the Flag, Ms. Hudes … you’re a card carrying ‘member’ of the Barristocracy … you know this.

      Ms. Hudes, you really do take us for fools, don’t you?

      “An attorney for the plaintiff cannot admit evidence into the court. He is either an attorney or a witness”. –Trinsey v. Pagliaro D.C.Pa. 1964, 229 F. Supp. 647

  14. I don’t even know where to begin to even attempt to respond to all that has been put up here with any efficacy and effectiveness… perhaps this will be the post that the NSA sends to the PTB that gets me an all-expense paid trip to the tropical paradise known as Gauntanamo.

    Let me begin with the issue of the 170,500 mt gold issue:

    MS. Hudes, There is a major body of what is, thus far, unrefuted evidence that there is NO GOLD in Ft. Knox, despite silence on this subject by official sources for the past 40 years since a staged visit to Ft. Knox was arranged as the result of widely read reports by one Dr. Peter David Beter that America’s gold was being systemmatically removed from Ft. Knox.  It should be noted that this event was NOT an audit of the gold stored there. 
     
    Now, if I understand you correctly, you are alleging that the US is being offered 170,500 mt of gold, as of yet, unseen and unverified, from sources, as of yet, unidentified, and that this is evidenced by some alleged gold certificates whose authenticity is unknown and unproven, which purport to represent this unseen and unverified physical gold,  With the plethora of evidence, as suggested by YOUR own reference to Joseph Farrell’s commentary, of COUNTERFEITED Gold Certificates, we are expected to believe this gold is, 1.) Available, even as you will not disclose where it is being held and 2.) that, without knowing it’s origins, we are even ENTITLED to it in the first place?  Didn’t I hear you say it was acquired by the Japanese Imperial forces — as in plundered in the course of WAR?  If so, it still belongs to those from whom it was taken during those hostilities!  Ben Fulford and the White Dragon Society aside, it’s not ours to “…spend to prevent gold backwardation.” in the FIRST PLACE!!! — as you suggest in the Fekete video (@ 24:40)
     
    But, let’s assume for just a moment that this is all as you say it is.  Given that you have said “… I am using the stakeholders described in the top row of my website http://www.kahudes.net to form a coalition to turn the bus around and head it in the right direction..” and that, further, in your video with Antal Fekete, you strongly impugn two of these four Stakeholders, (Congress AND the Media)  what makes you believe that the corruption of our country isn’t so widespread that an offer of 170,500 mt of gold wouldn’t simply be plundered and directed toward the nefarious purposes already well funded and under way by the criminals already entrenched in the positions of power here in the US, as well as the world?  Or worse, that this gold wouldn’t simply be appropriated to the vaults of the very elites who are hell-bent on a return to oligarchic fascist feudalism???
     
    Pat Fields has already raised the issue of the Con-Con here, so I won’t comment on this other than to say that your support for this very, very dangerous action in the face of the widespread political corruption of the day is very disturbing.  To open the Constitution to a Convention in this day of political infiltration by the globalist one-world government movement is to all but assure the complete dismantling of even the  pretense of any legal underpinning by which the American People could resist the coup d’etat that is now under way against our great nation.  In my view, any support of this action at this time is either out of ignorance or an act of knowing treason.
     
    While, I don’t expect you to reply to these questions directly, just as others posed to you here previously in this forum by myself and other reasonably intelligent people have gone, this far, unresponded to by you, I am now ever and even more convinced that you are very dangerous to the future and the health of America.

  15. That’s right, see if you can frighten everybody.  I am not proposing to give gold to the government.  The 170,500 metric tonnes of gold are to be minted into currency to replace the fractional fiat Federal Reserve Notes thereby avoiding a second dark ages caused by permanent gold backwardation.   https://s3.amazonaws.com/khudes/usdollar1.pdf 
    In your arrogance, you are attempting to confuse people and get them to retain the second illegal 1871 secret Constitution instead of holding a Constitutional Conference under Article V.  I doubt that will happen.  Instead, we are on track for rule of law, with 95% likelihood, based on footnotes 7,8 and 10 of http://www.larsschall.com/2013/05/08/governance-issues-at-the-world-bank-a-security-risk-to-the-world-order/
     

    • It’s not my intent to frighten anybody.  In fact, I appreciate your effort to clarify the disposition of this gold into coinage.  I would only add that, unless we eliminate the criminal rat infestation first and hold the responsible parties to account, this action is not yet feasible.  The result would only be a rapid hoovering of any and all coinage, once again, into private hands, as predicted by Gresham’s Law.
       
      The gold backwardation you cite is already a sign that this would happen. But, itself, it is not a direct result of a potential dollar collapse and stopping backwardation will do nothing to prevent a collapse of the dollar.  Backwardation presently is the result of the concern people have about their ability to convert future holdings into physical gold.  Backwardation comes about because people value the physical gold they can lay their hands on today more than they value a piece of paper representing it’s ‘possible’ availability at some future date.  You’re seeing this effect in the forward (GOFO) rates now because it is becoming more clear each day that the supply of physical gold available to meet demand is drying up.  This is predominantly a function of the supply and demand of the gold market itself, albeit with all the influences we are seeing right now.  Backwardation, in and of itself, is not an evil thing.  It’s simply an indicator of stress in the normal dynamics of gold flow in and out of the exchanges.  It’s greatest cause is the creation of the naked short positions in the paper markets, which are being instituted at the behest and with the support of the Exchange Stabilization Fund in order to suppress the price of gold.  It is presumed this is being done to facilitate the draining of Western Gold Reserves in favor of China and other Eastern nations in order to undermine the financial strength of the United States.  My own assessment is that China is demanding this and holding the threat of dumping all US Treasury Holdings at once on the market if Western powers do not comply.  Since this aligns with the One-World Government movement’s attempts to speed up the total collapse of the US sovereignty, these folks are 100% behind this move by China.
       
      I’m sorry if my disagreement with an Article V Con Con is cause for you to add the label of arrogant to us along with that of shill.  But, I stated my concerns about the possible ramifications of a Con Con above, not just to you, but to others, such as Mark Levin and NO ONE, to date, has been able to offer ANY ASSURANCES that such a Con Con would not subject the Constitution to an utter ruin.  NO ONE responds to this concern. Facts are stubborn things!  And until someone can convince me of the error of my concerns, then you and I will just have to agree to disagree here.
       
      I listened to your interview with Lars Schall, whom I respect very much as an incredibly sharp investigative journalist.  I am still waiting for an answer to my question to you about the design and development of this ‘power transition model’ you cite.  Without knowing the premise under which it was developed, and by whom, as well as it’s methodology, it’s results cannot be understood either out here in the real world.  A 90% probability of success of a return to the Rule of Law???    How is that possible?  Clearly there are actions that would be required to accomplish this…  you can’t just input data, press the “Start” key and have the NWO cabal just disappear…..  the footnotes in Schall’s article don’t really speak to the questions I’ve posed here because they don’t appear to speak to the allegiances and loyalties of the players….
       
       

    • KarenHudes … “The 170,500 metric tonnes of gold are to be minted into currency to replace the fractional fiat Federal Reserve Notes”

      Mere ephemeral claim of gold! This claim of a huge gold hoard is a load of bunkum … plain and simple. Historic mine records reaching far into antiquity, attest a gold-silver ratio disproving the possibility of any such claim.

      The government-banking syndicate is facing imminent failure of their stinking banknote scheme because the limits of hypothecation have been reached and as you’ve already stipulated on the record, your objective is to preserve their banknote scheme. Without this entirely imaginary substantiation to ‘back’ those Labor thieving Notes, the logically concluding resolution is to realize their true Equitable remaining physical conversion to … small copper pieces … that is, according to Lawful Reality!

      To come to that, Ms. Hudes, is what terrifies you and your true clients, because no prosecution, conviction, jailing or even executions of replaceable puppets, will do more to remove all the falsely projected government-bank ‘power’, than for common private money of this world to revert back to Honest Money of Weights and Measures. What stands like a castle wall against The Peoples’ Free, Lawful adoption of such money? Why, The 1787 Constitution, of course! Thus your surreptitiously promoted Con-Con … con!

      You won’t disavow Baristocratic Principal Oath to the Bar Association, nor will you disavow citizenship of the foreign DC city-state. Yet, all the while you couch your marketing promotions in more loudly shouted patriot rhetoric, gloming onto the coat-tails of sincere commentators to make convoluted phony assertions that they somehow tangentially support your hidden subliminal agenda.

      To myself I pose query … “Sir, how like you this play?” And, must reply “The lady doth protest too much, methinks.”

    • @KarenHudes
      SpearShaker Pat has spoken for the Patriots!
      You never address the key questions raised, and it’s because you are only interested in delivering your 1% Agenda with what sounds like 99% of truth … and you are taking advantage of very good people in the process.
      You have about as much legitimacy as Global Warming Science, and anyone with clear vision can see it!
       
      I repeat again;
      OITC is a fraud!
      NESARA is a fraud!
      Collateral Accounts are rubbish, and your proposed use of this rubbish is so vague as to be dangerous if in fact the physical Gold existed (which it obviously doesn’t)

  16. Lawyers licensed in New York State are required to take the official oath sworn to by all officers in New York State, set forth in ARTICLE XIII, Section 1 of the Constitution of New York State: 
    Section 1. [Oath of office.]-Members of the Legislature, and all officers, executive and judicial, except 
    such inferior officers as shall be by law exempted shall, before they enter on the duties of their 
    respective offices, take and subscribe the following oath or affirmation: “I do solemnly swear (or affirm) 
    that I will support the Constitution of the United States, and the Constitution of the State of New York, 
    and that I will faithfully discharge the duties of the office of [attorney and counselor-at-law], according to the best of 
    my ability;” and all such officers who shall have been chosen at any election shall, befor[8] they enter on 
    the duties of their respective offices, take and subscribe the oath or affirmation above prescribed, 
    together with the following addition thereto, as part thereof: “And I do further solemnly swear (or affirm) that I have not directly or indirectly paid, offered or 
    promised to pay, contributed, or offered or promised to contribute any money or other valuable thing as 
    a consideration or reward for the giving or withholding a vote at the election at which I was elected to 
    said office, and have not made any promise to influence the giving or withholding any such vote,”
     
    OITC and NESARA are frauds, the Global Collateral Account is not; the wealth is a matter of court record in the Philippines.  See the following statement of the authorized signatory, Wolfgang Struck:
    ASSET OWNER    BANCO ESPANOL FILIPINO OFFSHORE   CAPITAL
    CODE NAME        TVM-TVTM-LSM-666
    TRANSACTION CODE       7TH WHITE STALLION 777-AAA-MCD
    OWNER/HOLDER              UMBRELLA ACCOUNT WB # 010-22-74-OA
     
    In a series of documents, we hold the original copies (the original “hard copy” is always in the vault of the depository bank). The Probate Court in RTC Cabanatuan, Philippines, holds another set of original copies. We have been trying to establish the factual basis for the position of “Rev. Dr. Floro Garcia” as the undisputable assignee/successor-in-interest-and-rights/owner/signatory to the vast historical treasure deposited decades ago and retained in 172 banks in 49 countries, all accounts and deposits lawfully and duly registered in the Bank for International Settlement, World Bank, IMF, Federal Reserve System, and U.S. Treasury “UNDER CLOAK OF SECRECY” or “UNDER SECRECY OF DEPOSIT”.
     
    I will attach another set of documents confirming beyond any doubt that the predecessors, trust depositors, assignors were unanimous in the choice of successor for the time after maturity 2005/2008. Especially the 3-page Jan. 7, 1986 Waiver of Interest and Rights signed by the late President Ferdinand E. Marcos (attached as “86-Marcos) in favor and benefit of “Rev. Dr. Floro E. Garcia” leaves no doubt and no room for any other claim of any other person.
     
    That is even true for the Philippine Government (PCGG) that had no business, no legal ground until today confiscating or “freezing” everything and anything that smelled Marcos. The Marcos Wealth is still there where it was deposited in trust; it was never “stolen” or “ill-gotten”. More: It did not belong to Marcos anymore; after so many deeds of assignment from the original owner Antonio Diaz and Marcos, it belonged already to “Rev. Dr. Floro E. Garcia” and it has to be returned to him or his duly authorized representative. All freeze orders and/or embargos on so-called Marcos accounts caused and initiated by the Aquino government or like-minded administrations are without legal basis (SC) and have to be lifted.
     
     
    That, of course, could be a bitter pill for the incumbent Philippine President and those highest institutions of the world including the American Presidents Bush/Clinton/Obama. We know that and we do not dream of any welcome-party for us. We do hope, though, that there will be a leak somewhere soon, now that the truth of the matter is out.  Reviewed WS February 20, 2014″

    • KarenHudes … “Lawyers licensed in New York State are required to take the official oath”

      So what? This is more evasion from definitive, unequivocal assertion  here in a Public Forum, of which Record is retained and freely available, that you affirm giving Solemn Principal Oath to stand under The Constitution for the united States of America, holding same as superior to any given under the Bar Association.

      As for this Philippines “UMBRELLA ACCOUNT WB # 010-22-74-OA” blatantly defined as “UNDER SECRECY OF DEPOSIT” … you’re admitting there’s absolutely no way to confirm whether there’s a solitary Zimbabwe Dollar banknote in it, or the 100k plus tonnes of gold (certificates OR bullion) which you (a Bank Attorney, let’s all remember and never forget) make historically impossible, ethereal claim of.

      This is Fairy-Tale Theater, Ms. Hudes … best performed for the amusement of children.

    • @KarenHudes
      ASSET OWNER                 BANCO ESPANOL FILIPINO OFFSHORE CAPITAL
      CODE NAME                      TVM-TVTM-LSM-666
      TRANSACTION CODE       7TH WHITE STALLION 777-AAA-MCD
      OWNER/HOLDER              UMBRELLA ACCOUNT WB # 010-22-74-OA
       
      I have delved deeply into many of your assertions, and have gone through many of these documents posted online asserting this mythical PHYSICAL GOLD exists … somewhere in South East Asia, or elsewhere who knows! If you have not seen the Gold yourself then you have no authenticity to say it exists. 175,000MT Gold would be a massive amount of Gold and require one of the biggest vaults or series of vaults on planet Earth.
       
      You are being conned by a complex regurgitation of elements of many past scams that take existing agreements between Governments and spin them into a fabulous story about a benevolent plan to hold Physical Gold on behalf of people who can access it as long as CONDITIONS are met first. It is a Scam. How is it that you can identify NESARA and OITC as scams but you cannot identify this one as simply a rehashed attempt at scamming more people using a different angle?
       
      Is Ray C. Dam an official contact within your ‘Collateral Account’ acquaintances?
      If so he is already known as a scammer … South East Asia is riddled with people, some of whom are very crafty, who know Western culture enough to spin some real history together with falsities and sell ideas to vulnerable people. They have taken known documents of Gold Deposits from Marcos (and other former regime representatives) to Western Banks and spun them into a tall tale.
      Because of your status as a whistleblower, many vulnerable people from Western countries may try to contact these people to get ‘access’ to ‘collateral accounts’ (as has been done many times before) and then end up being ripped off when down payments are requested. You may inadvertently be leading many people towards scammers and not know it, at least I hope you don’t know it, but you should be able to identify a scam, especially with your particular training.

  17. This is in response to Sovereign Economist’s question about the  ‘power transition model’ cited in footnotes 7,8 and 10 of http://www.larsschall.com/2013/05/08/governance-issues-at-the-world-bank-a-security-risk-to-the-world-order/ Here is an exerpt from Jacek Kugler, Ron Tammen and Brian Efird: “The War Presidency: Options Taken and Lost”, International Studies Association Meetings, Montreal, Canada, published February 2004, http://citation.allacademic.com//meta/p_mla_apa_research_citation/0/7/4/2/7/pages74272/p74272-1.php:
    “Specifically, a gap between the United States and Germany, the leader of Europe now and into the foreseeable future, generates frictions and dissatisfaction within the Western alliance. This dissatisfaction in turn, raises the potential of a challenge between the US and an emerging giant in Asia. Contrast this structure with the alternative that was emerging after the war in Afghanistan. A German – led EU was coordinating anti-terrorist efforts with the US. Russia, France and Japan seemed to be participating in an expanded NATO/EU/Atlantic Alliance. China was now neutral. Given this structure the potential challenge from a dissatisfied Asian power could be delayed until the end of this century.”  
    Here is an exerpt from Randolph M. Silverson, “The Contributions of International Politics Research to Policy”, Political Science and Politics, published March 2000,  https://www.apsanet.org/imgtest/ContributionsInternationalPolitics-Siverson.pdf See page 62
     
    “[T]he forecasts produced by [the model] were shown to be both more specific and more accurate than the results generated by the Directorate of Intelligence…[A]nalysts]…have a tendency to look to the future as a projection of the past, while [the model], to the contrary, begins with the assumption that policies are the product of changing political forces that are estimable…[I]t may be noted that it generates forecasts about policy outcomes using information on how stakeholders (i.e., those with both an interest in an issue and an ability to affect its outcome) are positioned on an issue, how important the issue is to them, and how much power each stakeholder has. ..How does the model fare?  Quite well, in fact. ..[T]he model was used “to analyze scores of policy issues in over 30 countries” (275). …[T]he model’s rate of accuracy was about 90%, and when the forecasts of the model and CIA analysts differed, the model’s forecast was correct in every case.
     

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