Gold and the Great American Monetary Resets: From 1792 to Today
Throughout American history, monetary resets have been a recurring theme.
How much gold does the US government really have, and what is its purity?
Is it encumbered, leased, swapped, or hypothecated?
Has it been pledged as collateral for debts?
Who actually owns it, and who controls its custody?
More here:
The Fort Knox Deception: America’s Greatest Gold Mystery
https://financialunderground.com/articles/the-fort-knox-deception-americas-greatest-gold-mystery/
There are two key things to remember about Fort Knox:
#1. Most of the gold was stolen—confiscated from private citizens by government decree in the 1930s and locked away under the pretense of economic stability.
#2. There has never been a full, independent audit to confirm what’s actually inside the vaults. Is the gold the US government claims to have really there, or is all the security just a Wizard of Oz-style illusion designed to uphold confidence in the monetary system?
Rather than the ultimate symbol of security, Fort Knox is more accurately the ultimate symbol of government theft and deception.
If DOGE couldn't even trim 1% off the federal budget—which is more likely to grow, especially with proposals like Trump's $1 trillion "defense" budget—and the alternative is the Democrats, then a currency collapse or monetary reset seems increasingly inevitable and imminent.
The Disturbing Truth About the Home You Think You Own
The North Dakota Referendum That Could Have Changed Everything
In 2012, North Dakota held a referendum to become the first US state to abolish property taxes.
The measure aimed to amend the state constitution, eliminating property taxes and requiring the government to find alternative revenue sources.
Proponents argued that property taxes were unnecessary since North Dakota already had ample income from state taxes and oil revenues. They also pointed out that property taxes disproportionately burdened low-income homeowners and senior citizens. Eliminating them, they claimed, would provide financial relief, boost economic growth, and attract businesses and residents.
However, a coalition of bureaucrats and special interest groups fought against the referendum.
In the end, voters overwhelmingly rejected the measure—78% chose to keep their property taxes.
A Disturbing Distortion of Property Rights
Most people thoughtlessly accept property taxes as a normal part of life—like gravity or the sun setting in the west.
Yet, a crucial truth is overlooked: there is no way to fully pay off your property tax obligation.
It never ends—it follows you as long as you own the property, increasing year after year.
This raises fundamental questions:
Do you really own something if you’re forced to make endless, ever-increasing payments just to keep it?
The answer is obvious: No.
You might possess the property, but you don’t truly own it—an important distinction.
Imagine if the mafia imposed a “coffee table tax” in your neighborhood. Every year, they demand $100 for every coffee table in your house—forever. If your coffee table increases in value, your payment increases.
Mafia enforcers would assess your coffee tables annually, ensuring they extract more money. Refuse to pay? You’d face threats, violence, or the outright confiscation of your coffee tables.
Would you say you own those coffee tables?
Most would recognize this as extortion. Yet, the same people accept government-imposed property taxes without question, paying endlessly for “their” homes, offices, and land.
In reality, you are merely renting from the true owner—the government. Stop paying, and you’ll quickly learn who really owns your property.
Governments routinely seize homes over unpaid property taxes.
Across North America and Europe, people pay tens of thousands of dollars in property taxes each year—just to live in their own homes. And the burden will only increase because nearly every government is in financial distress.
When politicians need more money, they raise property taxes—like turning a thermostat dial.
That’s why property taxes have nowhere to go but up.
Over a lifetime, it’s entirely possible that the government could extract more in property taxes than the value of the home itself.
The Inescapable Reality
Property rights and property taxes are inherently incompatible.
What’s yours should be yours—without having to pay for permission to keep it.
That’s why property taxes are an affront to property rights, which serve as the foundation of civilization itself.
As the great Austrian economist Ludwig von Mises once said:
“If history could teach us anything, it would be that private property is inextricably linked with civilization.”
Those who enforce, promote, and benefit from property taxes are the real anti-civilization forces.
The Harsh Truth
Unless you own property in one of the few places on Earth without property taxes—such as the Cayman Islands—you will be paying ever-increasing amounts for the rest of your life.
And as North Dakota’s referendum proved, even when given the rare chance to eliminate property taxes, the average person will fight to keep them.
It’s reminiscent of a pivotal scene from The Matrix, where Morpheus explains to Neo why most people will defend the very system that enslaves them:
“The Matrix is a system, Neo. That system is our enemy.
But when you’re inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save.
But until we do, these people are still a part of that system and that makes them our enemy.
You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.”
This same mindset applies to property taxes. Most people are so accustomed to the system that they can’t imagine life without it.
The Bigger Picture
Property taxes are just one piece of the puzzle.
The same mindset holds true for inflation—another tax that steals wealth from the average person.
A growing majority of voters now benefit from government handouts, creating a built-in constituency to sustain policies that require endless taxation and inflation.
Here’s the bottom line.
Expect ever-increasing taxation and inflation until the system spirals out of control—which could happen sooner than most think.
Most people are completely unprepared for what’s coming.
We are heading toward a period of massive financial volatility that could wipe out life savings and retirement assets.
But this isn’t just about a stock market crash or currency collapse.
It’s something much bigger—with the potential to reshape the world and transfer unprecedented wealth from ordinary people to the parasitical class—politicians, central bankers, and their allies.
Few understand what’s really happening.
Even fewer know how to protect themselves.
That’s why I’ve put together an urgent PDF report outlining:
How the next crisis could unfold
What it means for investors
How to safeguard your wealth before it’s too late
This could be your last chance to prepare.
Click here now to get the full report before it’s too late.
If war breaks out between the US and Iran—an increasingly likely outcome—I have no doubt that Iran will close the Strait of Hormuz.
To call that a severe oil supply disruption would be a major understatement.
Consider this…
During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.
Oil prices roughly quadrupled.
During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.
Oil prices nearly tripled.
During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.
Oil prices more than doubled.
If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is around 96 million barrels per day, which means about 22% of the worldwide oil supply could disappear.
As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.
https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/
If war with Iran proceeds and Tehran closes the Strait of Hormuz, I think the effect on the price of oil will be at least as severe as it was during the 1973 oil shock, which saw oil prices go up 4x.
A similar move today could see oil prices around $300 a barrel.
However, I consider that a conservative estimate because closing the Strait of Hormuz would cause a much larger supply shock than the 1973 OPEC oil embargo.
If war breaks out between the US and Iran—an increasingly likely outcome—I have no doubt that Iran will close the Strait of Hormuz.
To call that a severe oil supply disruption would be a major understatement.
Consider this…
During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.
Oil prices roughly quadrupled.
During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.
Oil prices nearly tripled.
During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.
Oil prices more than doubled.
If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is around 96 million barrels per day, which means about 22% of the worldwide oil supply could disappear.
As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.
https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/
How To Survive “The Great Taking” in 2025
https://financialunderground.com/articles/how-to-survive-the-great-taking/
The Looming False Flag That Could Ignite World War 3 in 2025
https://financialunderground.com/articles/beware-of-a-false-flag-to-kick-start-world-war-3/
When private businesses go bankrupt, shareholders get wiped out.
When governments go bankrupt, those who hold its fiat currency get wiped out.
First, they told you deflation was the real problem.
Then, they told you that there was no inflation and talk of it was only a conspiracy theory.
Then, they told you that inflation was indeed there but merely “transitory.”
Then, they told you Putin and greedy companies caused the inflation.
And now they’re telling you the inflation has been defeated.
In short, the Fed is spitting on your boots and telling you its raining. They’re gaslighting you.
Central banks have only two tools in their toolbox:
1. Currency debasement
2. Gaslighting
The Debt Spiral Crosses the Point of No Return
https://financialunderground.com/articles/the-debt-spiral-crosses-the-point-of-no-return/
There was once a mathematician who supposedly invented the game of chess and presented it to his king.
The king, impressed by the game, asked the mathematician to name his reward.
The mathematician asked for grains of wheat, using the chessboard to calculate the amount. He requested that a single grain of wheat be placed on the first square and doubled for every subsequent square.
This means two grains on the second square, four on the third, eight on the fourth, and so on, for all 64 squares on the chessboard.
Initially, the request seemed modest to the king, who agreed.
However, the reality of exponential growth became apparent as the process unfolded.
By the time the board was half-covered (at the 32nd square), the number of grains was already enormous, reaching over four billion. As the squares continued to be filled, the numbers grew astronomically larger.
By the 64th square, the total wheat needed for the entire board reached 18,446,744,073,709,551,615 grains—about 18.4 quintillion.
To put this into context, let’s convert this to a more understandable measure, such as metric tons. The average weight of a grain of wheat is about 50 milligrams or 0.00005 kilograms.
18,446,744,073,709,551,615 grains * 0.00005 kilograms/grain = 922 trillion kilograms.
Since there are 1,000 kilograms in a metric ton, this equals about 922 billion metric tons.
To compare this with global wheat production, let’s consider recent figures. According to the Food and Agriculture Organization of the United Nations, the world’s wheat production in a recent year was about 761 million metric tons.
The 922 billion metric tons required for the chessboard is about 1,211 TIMES the entire global wheat production.
This example illustrates the astonishingly large number that results from exponential growth, even when starting with something as small as a single grain of wheat.
https://financialunderground.com/articles/the-debt-spiral-crosses-the-point-of-no-return/
Trying to quantify a general increase in prices as a single number for over 334 million people—as the CPI claims to do—is an impossible task.
It’s even more ridiculous than using a national average weather temperature to indicate what clothes you should wear for the day.
The reality is that inflation is 100% a political phenomenon.
Neither the local grocery store, the pharmacy, the restaurant owner, nor foreign scapegoats are responsible for inflation. The government—with its monopoly control over the currency—is.
Since its founding in 1828, Webster’s Dictionary had defined inflation as “an increase in the money supply.” Then in 2003, it changed the definition to “a rise in the general price level.”
The difference might seem subtle, but it’s not. It’s a deliberate deception.
Redefining inflation this way confuses cause and effect, which is exactly why they did it.
Price increases are not inflation. Instead, they are an effect of inflation—an increase in the money supply.
When inflation is redefined as “a rise in the general price level,” many people are confused about what is happening and who is causing it. Inflation seems to come out of nowhere.
It would be like redefining robbery to mean “a mysterious property loss,” as if there was no robber.
Though he was wrong on just about everything, John Maynard Keynes was on target when he said:
“Lenin was certainly right, there is no subtler, no surer means of overturning the basis of existing society than to debauch the currency.
This process engages all the hidden forces of economic law on the side of destruction, and does it in a manner not one man in a million is able to diagnose.”
Like a carton of spoiled milk left out on the kitchen counter, the fiat currency system is long past the end of its shelf-life.
https://financialunderground.com/articles/the-collapse-of-fiat-money-and-golds-resurgence/
Shutting down Hormuz visualized and put into perspective...
During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.
Oil prices roughly quadrupled.
During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.
Oil prices nearly tripled.
During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.
Oil prices more than doubled.
If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is approximately 94 million barrels per day, which means about 22% of the worldwide oil supply could disappear.
As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.
https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/
Bitcoin Paves the Way for a New Era of Free Market Banking
https://financialunderground.com/articles/bitcoin-paves-the-way-for-era-of-free-market-banking/
For thousands of years, gold has always been mankind’s hardest money.
That all changed on April 19, 2024, and most people have no idea.
In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage. The table below summarizes the results.
Bitcoin wins in 6 out of the 10 categories, including hardness (resistance to debasement), which I believe will be the most decisive factor.
While gold has an advantage over Bitcoin in durability, that advantage will only be relevant in the case of an inescapable, global return to the Stone Age that lasts into eternity. Such an unlikely outcome is not relevant to investment decisions today.
Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.
If current trends continue, I believe Bitcoin will overtake gold in these categories in the years ahead.
Putting it all together, gold’s advantages over Bitcoin are either irrelevant or melting away.
The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.
Digital gold is better than analog gold.
In short, Bitcoin is likely to win the ultimate competition and become the world’s dominant money.
Did you know the Bitcoin price reached parity with the gold price in April 2017 and never looked back?
Today, buying a single Bitcoin takes over 30 ounces of gold.
World War 3 is unlikely to be a direct kinetic war between the US, Russia, and China.
Instead, the conflict will play out on different levels.
The business of central banking is usury and tax farming.
They create fake money out of thin air, loan it to governments, charge interest on fake the money, and get governments to collect taxes on average citizens to pay the interest on the fake money.
Like the mafia, they can deploy violence to ensure there is no competition to their priveledged racket.
It's long past time to end this scam of historical proportions.
The #1 Warning Sign Capital Controls Are Coming Soon and 4 Ways To Beat Them
The carnage always comes by surprise… weekends and holidays are the perfect time to catch people off guard.
3 Shocking Truths Most People Don’t Know About Money in Bank Accounts…
The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.
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Governments will probably mandate CBDCs as the “solution” when the next real or contrived crisis hits—which is likely not far off.
The Globalists Want CBDCs in 2024… What Really Comes Next Will Surprise Them
Bitcoin has tremendous value as a technology for freedom—even if the price stays flat forever.
That’s because Bitcoin allows anybody to hold money that nobody can debase and enables anyone to send and receive value worldwide without relying on any third party.
That represents a revolutionary improvement in money and economic liberty.
Contrary to conventional wisdom, higher interest rates mean more inflation in the environment today.
That’s because the federal interest expense increases as interest rates rise.
As the federal interest expense rises, so does the budget deficit.
As the budget deficit increases, so does the currency debasement needed to finance it.
The 2024 Debt Spiral: How $1 Trillion in Interest Is Breaking the Federal Budget
2024: The Year of the Inflection Point
https://financialunderground.com/articles/the-year-of-the-inflection-point/
