FOR A NUMBER of years now, there have been plans to return the world’s gold and precious metals patrimony to the rightful owners – the people of the world. My research leads me to believe that in more recent times, President Kennedy had signed off on the process, but, you know what happened to him.
I understand Ronald Reagan had also agreed, but after “an incident” he was persuaded not to go ahead. Yet many are hoping that the World Bank may soon begin the return of the wealth to each country.
Of course there are formidable opponents, none more so than the US Federal Reserve Bank which, as some may know, is not a federal government institution but is privately owned and is not answerable to any branch of the governmental structure.
It is believed that the Treasury notes which will replace the Federal banknotes were printed long ago in Reagan’s presidency. This, however, is a moot point since, as I understand it, the plan is for the precious metal backed notes to actually contain precious metal.
The transition, which will take co-operation, wisdom and tenacity, should be a smooth process. One of the anticipated gains of working together under a new system is full employment. Hopefully, significant job losses shall be a thing of the past, for as you may know, each job loss has an impact on the earnings of at least two other people, in a multiplier effect.
The plan is for each country to print its own currency which will have a real value and not the mirage which now exists.
One may ask, when will this process of change begin? I can only say that it shall commence when the opposition to change is overcome – soon.
– Michael Rudder
