Go to 1320wils/pages/patrick-a.-heller-commentary and scroll down to access Wednesdays radio commentary. Title was Where Will COMEX Get The Physical Gold To Settle Contracts? Same subject as my Numismaster column noted below. Todays program title of IMF Recommendations And The Coming Financial Repression In The USA is listed there as well, but the link to listen to this 3-minute commentary has not been set up yet. I have gotten some feedback that people find it hard to believe that the US government is firming up plans to seize some or all account balances of those who have bank accounts at the major banks that trade derivatives. Even the IMF report notes that the US government stole a huge amount of money from private citizens in 1933 when it set up a fully-compensated mandatory gold surrender program, then increased the price of gold almost 70%! So, seizing private bank accounts would not even be a first in America. Some people have asked me how this could happen. Well, the Dodd Frank law passed a few years ago specified that banks trading derivatives that have financial difficulties trump FDIC protection of private bank accounts. Dont blame me for passing along this news. If you have to complain to someone, why not tell the politicians (including your representatives) and to the major media for not informing you of this major law change.
Posted on: Fri, 24 Jan 2014 16:54:38 +0000
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