The Financial House Is Poised For Collapse


Matthew 7:21-27
New King James Version (NKJV)

21 “Not everyone who says to Me, ‘Lord, Lord,’ shall enter the kingdom of heaven, but he who does the will of My Father in heaven. 22 Many will say to Me in that day, ‘Lord, Lord, have we not prophesied in Your name, cast out demons in Your name, and done many wonders in Your name?’ 23 And then I will declare to them, ‘I never knew you; depart from Me, you who practice lawlessness!’


24 “Therefore whoever hears these sayings of Mine, and does them, I will liken him to a wise man who built his house on the rock: 25 and the rain descended, the floods came, and the winds blew and beat on that house; and it did not fall, for it was founded on the rock.

26 “But everyone who hears these sayings of Mine, and does not do them, will be like a foolish man who built his house on the sand: 27 and the rain descended, the floods came, and the winds blew and beat on that house; and it fell. And great was its fall.”




From Jim Sinclair's Mineset:

GATA Files New Gold Records Requests with State, Treasury, Fed, and FOMC
DALLAS–(BUSINESS WIRE)– Through its lawyer, William J. Olson P.C. of Vienna, Virginia (http://www.lawandfreedom.com/), GATA today filed federal Freedom of Information Act requests with the U.S. State Department, Treasury Department, Federal Reserve Board, and Federal Open Market Committee, greatly expanding upon GATA’s 2009 FOIA request to the Fed, which sought access to records involving gold swaps.
The 2009 FOIA action elicited a revealing admission from the Fed that it has secret and highly sensitive gold swap agreements with foreign banks — an admission that the Fed, despite its many previous denials, is indeed active in the gold market. That FOIA action led to GATA’s lawsuit against the Fed in U.S. District Court for the District of Columbia, which last year produced both a judicial finding that the Fed has many gold-related secrets and a verdict enough in GATA’s favor that the Fed was required to pay court costs to GATA:
http://www.gata.org/node/9917
GATA’s new FOIA requests seek access not just to records involving gold swaps but essentially to all records held by the targeted agencies that involve gold — for example, in the case of the State Department, records of all international agreements involving the United States and gold.
We’re hopeful that these FOIA requests will liberate material as telling as the confession the Fed was forced to make about secret gold swap agreements in GATA’s first FOIA case. But of course contending with the likely resistance of the targeted agencies and then taking them to federal court will involve much effort and expense. If you’re inclined to help, information about donating to GATA is here:
http://www.gata.org/node/16

My view:


The Fed, the Anglo American Bank Cartel, and the Treasury who, as Goldman Sach's Lloyd Blankfein claims "are doing God's work" are very much like the false disciples of Matt 7:21-23.  They are not serving either the people or the principals of a sound financial system.  What they practice is essentially self-deception.


Unfortunately, for the trusting public; fiat currencies, fractional reserve banking systems, and public watchdogs without teeth, have built the financial house upon sand rather than the rock of gold.


GATA has long tried to take the Fed to task on its schemes to promote its counterfeit fiat currency.  Now it appears with another Freedom of Information Request they are closing in on the Fed deception.  They, along with the Ron Paul Audit the Fed bill, stand a chance at publicly bringing to light the misdeeds of the Fed and Bank Cartel that use all sorts of creative measures to promote useless fiat paper and suppress the real money that is gold.


When the cover-up is finally exposed, the bond market will react dramatically, forcing governments world wide to overhaul the financial system.  A major component of the new system will be gold.  Even if the precious metal was only used for settling trade imbalances, it would go a long way to restoring common sense in a world where mania seems to pervade.


But before this final solution is embraced (and reluctantly so), the European crisis must run its course as large banks go bankrupt and sovereign nations default on their debts.








 The Jig is Up

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