Your ASSets are your LIEabilities

by Scott Causey, GWP Resource Correspondent

“Own nothing, control everything.” – John D. Rockefeller

“But, but , but,” you say, “What about my Porsche I’ve always dreamed of? What about my McMansion? I have millions in the bank, no worries. I have huge sums in retirement accounts, no worries.” Wrong, wrong, wrong, and oh for the love of sanity, wrong!!!

The Rockefeller Dynasty was almost beyond words. Worth trillions of dollars at its peak in inflation-adjusted dollars. John D. Rockefeller understood and would go on to define vertical integration within the oil supply chain at every level. Starting off as the sole refinery operator during the boom years in Pennsylvania, he would go on to slowly take over every competitor. Drilling wells, refinery capacity, rail transportation to market, and end market distributors were all under the control of Standard Oil. No one else on earth seemed to able to compete.

As public ire grew in resentment towards the Rockefeller family, they became a bigger and bigger target to the one enemy no one wants to fight. Big Brother. Just like that with the stroke of a pen, the largest business empire in history was broken up. Standard Oil was dissolved. Her sisters are still around to this day, however. Maybe you would recognize them today in their current form; Exxon Mobil, BP, and Chevron to name a few.

This is the largest redistribution of wealth in American history and almost no one knows a damn thing about it. So when they see Mr. Rockefeller’s quote, “Own nothing, Control everything”, it just doesn’t register. People, in general, are dismissive of history for a lot of different reasons, in my opinion. Some lack the ability to see relevance of that history to their own lives and dismiss it entirely. Others are overtly and willfully ignorant. Normalcy bias and the belief that “I know better” also play their roles. Funny thing about that is, while technologies may evolve to new realities, people really don’t. Humans, as a species, have needs that we will meet no matter what tomorrow brings. Food, shelter, love, companionship, sex, common interests, common goals. The brief summary of history I lay out here should scream out something vitally important to you today! Your interests and those of the state will always be diametrically opposed!!

In the United States, we have a two party system (some say one). We have elections for our President. Elections for Congress. Elections for the House of Representatives. Billions of dollars are spent on campaigns, debates, ads, TV commercials etc. My question is, “Why?”. Tell me the last time you cast your ballot for an Executive order?

For the woefully uninitiated, an Executive order can be cast by the President at any time. Without the approval of anyone. Usually the “legality” is justified by using the thousands of previous Executive orders as a basis to extend or pretend the latest brand of state-derived morality. During times of crisis, the frequency of these orders goes through the roof. For example, during President Roosevelt’s time in office, he issued 3,720 Executive Orders! Think about that for a minute. What good does it do to elect a president when they can then have dictatorial powers over 3720 times. One might state mildly that this is a contradiction in terms of what the founding fathers had in mind.

October 9, 2012 gives you fellow American citizens one of the latest examples of executive decree. This has direct implications for every American. The Executive Order entitled, “Executive Order from the President regarding Authorizing the Implementation of Certain Sanctions…” says that if an individual is declared by the president, the secretary of state, or the secretary of the treasury to be a “sanctioned person,” he (or she) will be unable to obtain access to his accounts, will be unable to process any loans (or make them), or move them to any other financial institution inside or outside the United States. In other words, his financial resources will have successfully been completely frozen. The EO expands its authority by making him unable to use any third party such as “a partnership, association, trust, joint venture, corporation, subgroup or other organization” that might wish to help him or allow him to obtain access to his funds.

What this means in layman’s terms is that, should the United States deem you a “sanctioned” person, you will have your assets frozen like an Iranian Nuclear Scientist. The justification for this broad sweeping language is the National Defense Authorization Act passed at the end of 2011. Like many things initially intended to be temporary, ultimately end up not so temporary. What would be an example? Oh I don’t know, how about President Nixon’s speech in 1971, claiming the end of convertibility of the dollar to gold was temporary. How about President Lyndon Johnson’s 1965 speech that holding silver coins out of circulation would “show no profit”.

The point of all this is painfully simple for those of us that may still have functioning brain stems despite the Department of Uneducation’s best attempts. You risk everything and gain nothing to keep your fiat dollars inside of a financial system on fire. With the stroke of a pen what you think is yours is ultimately not yours. What you think you own you do not. You are “allowed” to go about your business until that no longer meets the needs of the system. If you really think it can’t or won’t happen to you or your family, I’d like to hear from you. I’ve never met someone more powerful than a Rockefeller before.

Trillions in sovereign debt has to be rolled in the coming years. QE to infinity is the policy of every central bank. War continues unabated in the oil rich Middle Eastern countries. The Chinese economy is supposedly the engine pulling the global economic caboose along. In the long term that will be more apparent. But in the last 3 years, Chinese stocks have lost 60% of their value versus gold. Considering the ongoing manipulations to control gold prices, that is an astonishing truth. The window to take action gets smaller by the day.

In global markets, only short term deviations from the trend are possible. Gold has been discouraged from making new highs since August 2011. Silver, since April 2011. The longest periods of corrections within the gold trend have been 2 years, since the beginning of the bull market. This past couple weeks selloff in metals will be met with enormous physical purchases. You can alter a paper market but you cannot alter a physical one. The more policy makers and market makers alter reality with bullsh** numbers, the more likely alternatives to these ridiculous paper markets will emerge. Safety exists in a tangible good able to be held in your hand. Not in a paper GLD or SLV paper ETF promise.

To illustrate just how tight the physical silver market is getting, we got some epic confirmation recently. The USGS July report showed that during that one month, the United States exported 169 metric tonnes of silver to one country. Which country? The United Kingdom. In other words, the home of the London Bullion Market Association. Why did the United States export 5.4 million ounces of silver in one month when we, as a country, produce less than 40 million ounces in an entire year? TO PUT A FIRE OUT.

While you can create infinite amounts of paper contracts called futures to “promise” to deliver silver, increasingly wealthy interests are testing the bullion banks’ abilities to meet those promises. Unless we start having silver rain showers, these guys are going to get desperate to find metal to deliver going forward. Like MF Global desperate. Like I’ll just “borrow” some of the reported 300 million ounces held by the SLV silver ETF desperate. Sit tight and be right.

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Comments

  1. Patrick Healy says

    Re: Scott Causey’s missive of 18 October

    The analysis made as presented of the Standard Oil breakup is flawed. When the Trust was broken up it was nothing more than a spinoff. Thus is one owned 10% of the Standard Oil Trust one subsequently owned 10% of all 7 of the “Sister” oil company. The only thing that happened was the illusion that concentrated control had been eliminated, but in reality it was same people in management running everything, with the same shareholders.

    By the way I would have loved to have seen Woodrow Wilson’s speech in 1965. That would have been something since he died in 1924.

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