The Committee of 300

by Administrator

 

The global government predicted in the Book of Revelations is no longer a conspiracy theory or myth, but a rapidly developing entity. For those who think this is nonsense, you are contradicted by observable facts and quantifiable data. Just as animal prints in the earth are not some 'fortuitous random assemblage' of soil indentations, neither are the footprints of an organization of coordinated intervention.

What we're witnessing is the creation of a purely evolutionary society on a global scale where the strong naturally prey on the weak.

In 1995, a book entitled the Committee of 300 was published, outlining a new world order agenda. The author, John Coleman reveals a host of ordinary organizations along with free Masonry, Bilderburg, the Club of Rome, the Council on Foreign Relations and others pushing a one-world government.

Update 7-17-14 Committee Goals: ...implementation of the following by divine right :

(1) A One World Government with a unified church and monetary system under their direction.

(2) The utter destruction of all national identity and national pride.

(3) The destruction of religion except their own creation.

(4) Control of each and every person through mind control technotronics'..

(5) An end to all industrialization.."

(6) Legalization of drugs.."

(7) Depopulation of large cities.."

(The Committee of 300, Dr. John Coleman, 3rd Edition, 1995-'96)


Coleman, a former Intelligence Officer describes the frightening world these groups are creating under an oversight committee. This is not fiction, its mission is clear, as many of the necessary steps have already been completed since 1995, while others are in process as this is written.

The author alludes that the 'Committee of 300' is a coalition of interests who wish to force a global government. The committee has a 150 year history with a well defined objective:

"A one-world government and one-unit monetary system under permanent non-elected hereditary oligarchists who self select from among their numbers in the form of a feudal system as it was in the middle ages...There will be no middle class, only rulers and servants...a state where there is no individual freedom or any concept of Liberty surviving...The economic system shall be based on the ruling oligarchic class allowing just enough foods and services to be produced to keep the mass slave labor camps going."

We're seeing further evidence of the trend toward European feudalism now as US industry has transferred many jobs to Chinese slave labor.

"In 1983, the International Bankers [Banksters] met in Williamsburg, Virginia to work out a strategy to prepare the United States for a total disintegration of its banking system. This planned event was to stampede the US Senate to accept control of our monetary and fiscal policies by the IMF."

This necessarily means destroying the existing domestic banking system to bring it under control of the International Monetary Fund (IMF) as we've discovered in the recent audit of the Federal Reserve where public money was sent to many international banks. The contrived economic crisis with the engineered collapse of AIG, Lehman Brothers and others, through the lending scam, has left many banks deficient in cash reserves and thus subsequently closed.

"The committee of 300 has a major bureaucracy at its disposal made up of hundreds of think tanks and front organizations that run the whole gamut of private business and government leaders...American Express, Armour Research Foundation, Bank of America, Bank Hapoalim, Chase Manhattan bank...Joseph Rettinger a 33rd degree freemason...said to have been the founder and organizer of Bilderburg., Citibank, Dusseldorf Global Bank, Royal Bank of Canada, World Bank, Heritage Foundation, Hudson Institute, Mellon Institute, Milton Katz of the Ford Foundation, NATO, NAACP, National Council of Churches, RAND Corp, David Rochefeller of the Trilateral Commission, Mrs Katherine Meyer Graham, a ranking member of the Club of Rome who is suspected of having murdered her husband to get control of the Washington Post."

The book contains a more extensive list and should be consulted for those with further interest.

"The idea of bringing the International Institute for Strategic Studies into being arose at the 1957 Bilderburg meeting...Membership in IISS includes representatives of 87 major wire services and press associations as well as 138 senior editors and columnists drawn from international newspapers and magazines. The ISS is nothing more than a higher echelon opinion maker."

Now you know why media news reports are jaded, deceitful and misleading. And why certain news is simply buried or 'spiked.' It also suggests why many poll results seem way off base. And, why Hollywood is so consistent in continually portraying America as evil.

"To keep people everywhere from deciding their own destinies by means of one created crisis after another and then 'managing' such crises." 

As former White House chief of Staff Rahm Emanuel has often remarked, "A crisis is a terrible thing to waste." This tends to explain the 'crisis' creation of EPA, FEMA, Homeland Security and TSA. These agencies have aided the global effort to impose a one-world government with inexplicable, burdensome and draconian regulations. Congressional oversight has largely been all show and has facilitated the AIG collapse, the Lending Scandal & Bank Bailout, as well as 'Fast & Furious'. 

The Dept of Education is an ongoing crisis with endless lawsuits against government for 'new' social engineering programs like 'Goals 2000', 'No Child Left behind' and 'Outcome Based Education', etc.

 "Natural Resources would have to be allocated under the auspices of global planning"

America is being prepared as a vast servant class where only the elite will be entitled to the world's resources. We're seeing this in the capping of oil wells, closing coal plants, and the moratorium on nuclear power.

"Less foreign aid means less control of a country's natural resources by the International Monetary Fund. Dependence upon US foreign aid actually keeps foreign countries in servitude to the Council on Foreign Relations. It also keeps US citizens in a state of involuntary servitude and therefore less able to mount meaningful opposition to government."

 So now we have a good explanation for why America continues foreign aid despite deplorable economic conditions, high unemployment and near complete financial collapse. This is already forced servitude to the International Bankers.

 "The United States will be flooded by peoples of alien cultures who will eventually overwhelm white America, people with no concept of what the US Constitution stands for and who will in consequence, do nothing to defend it and in whose minds the concept of Liberty and justice is so weak as to matter little."

Runaway immigration began to be noticed about the time of the first Bush presidency and suggests that both parties are under centralized control; otherwise something meaningful might have been done. The immigrants already fit the economic and social profile that the Committee of 300 would like to impose on the nation.

"There were no aliens in our midst; that came later in a deliberately planned attempt to break up the United States into a series of fragmented nationalities, cultures and beliefs "

The fact that illegal immigration continues unabated in America, despite whomever holds the White House or the makeup of Congress, is clear evidence of control from a higher source and their intent.

"The abolition of privately owned firearms is already in force in three-quarters of the world. Only in the United States can the populace still own guns of all types, but that legal right is being chipped away at an alarming rate by local and state laws which violate the Constitutional right of all citizens to bear arms."

Guns are an impediment to totalitarianism wherever it's found, removing them from the general populace is necessary to enforce slavery. The most sinister threat to freedom is the UN Small Arms Treaty pushed by the Obama Administration, which will make gun ownership in the US illegal by international treaty.

"Agriculture shall be solely in the hands of the committee of 300 with food production strictly controlled."

The government has undertaken armed raids on private farms for the supposed crime of selling raw milk and cheese products. The intent to intimidate, control and manage is clear.

"Euthanasia for the terminally ill and the aged shall be compulsory...At least 4 billion "useless eaters" shall be eliminated by the year 2050 by means of limited wars, organized epidemics of fatal rapid acting diseases and starvation. Energy, food and water shall be kept at subsistence levels for the non-elite starting with the White populations of Western Europe and North America and then spreading to other races. The population of Canada, Western Europe and the United States will be decimated more rapidly than on other continents, until the world's population reaches a manageable level of One billion.."

This is nothing but applied evolutionary eugenics; only the strong are fit to live. The British association for the advancement of science wrote in the 1940's "The German Fuhrer, as I have consistently maintained, is an evolutionist; he has consistently sought to make the practices of Germany conform to the theory of evolution." - Sir Arthur Keith, a militant anti-Christian physical anthropologist, Evolution and Ethics, 1947, p. 230

Helga Kuhse, Ph.D (Australia) "If we can get the people to accept the removal of all treatment and care, especially the removal of food and fluid they will see what a painful way this is to die, and then, in the patients best interest they will accept the lethal injection." Make no mistake, euthanasia is a key component of Obamacare's murderous health plan.

And now we see the same evolutionary principles brought to bear in a new world order run by the Committee of 300 that bears strong resemblance to what the Third Reich accomplished at Auschwitz, Buchenwald and Dachau.  

Recall that environmentalism's claim that 'man is an 'eco-cancer' on the face of the earth' is 'justification' for reducing population according to UN resolutions. The EPA has openly admitted to death camp practices asking "human guinea pigs to sacrifice their lives for regulatory purposes" and the 'glorious state'. Can you hear the Committee's Fourth Reich marching? And, it gets worse:  

"No central bank save the bank of International Settlement and the World bank shall be allowed to operate. Private banks will be outlawed...There shall be no cash or coinage in the hands of the non-elite. All transactions shall be carried out by means of a [microchip or other electronic device] which shall bear the identification of the holder...Banks large and small in the thousands are in the Committee of 300 network.."

We're already seeing the demise of many private banks, victims of the Freddie Mac and Fannie Mae lending crises, while Bilderburg members of the Federal Reserve system have been bailed out by the nation's taxpayers in debt financing agreements with the government. Depositors are denied market value on their loaned money as banks pocket the extra profits. 

"The key to successful control of the world is their ability to create and manage savage economic recessions and eventual depressions. The Committee of 300 looks to social convulsions on a global scale, followed by depressions, as a softening -up technique for bigger things to come as its principal method of creating masses of people all over the world who will become its 'welfare' recipients of the future.."

This certainly tracks well with Karl Marx's method of economic control for the masses. In the statement above, you have both the motivation for US foreign aid and the Federal Reserve's 'QE' series of destructive inflationary programs followed by sharp recession. These policies have created a vast new class of 'food stamp' and welfare recipients in the US and elsewhere. It also explains the global push for homosexual rights, etc.

 "The Club of Rome is still one of the most important foreign policy arms of the Committee of 300 --the other being the Bilderburgers."

Bilderburg is already exuding great influence in Washington but for the Committee to further its global objectives, Obama's re-election is key. At some point, the electronic voting system will be co-opted to ensure the desired global candidates are elected, with the winning votes aligning closely with the polls to increase public confidence in both the polling methods and electronic voting.

"The 'environment of change' is crippling the nation; we appear to have so little control that it has produced anxiety and confusion. We now look to group solutions instead of individual solutions to our problems."

How prophetic Coleman's words have been as we've subsequently elected the 'master of change' as our King. Consider that we have a national health care system that nobody wanted imposed by a president who is not a US citizen much less natural born whose personal records are sealed. That takes a great deal of political clout as well as logistics to pull off, something the committee has been known to possess.

How pervasive is the Committee of 300 influence in the US Govt. now? We're already victims of Bilderburg and the IMF. The financier's Committee of 300 is actively enslaving the population; it's just a matter of time before they get the rest of the pie.



Faking Gold Bars..what's next?

{We have no way of testing this piece's allegations beyond what is available to the general public. Prison Planet claims that the story is bogus, citing a letter from Bullion Vault's Adrian Ash. However in response: (1) Bullion vault is not without vested interest. (2) The article does not claim that the gold bars had been hollowed out but plated. (3) The difference in density would NOT show in a 400 ounce bar as the specific gravities of gold and Tungsten are identical at 19.3. Densities differ in the third decimal place, i.e. 0.692 to 0.697, ib/in3 (Perry's Ch.E. Handbook 4th Edition) with only a 0.72% difference. Drilling the bar would be required. (4) The article does not allege that gold was traded on LBMA. (5) The Federal Reserve has admitted to GATA that it has gold swap arrangements with foreign banks that isn't public information. Much of the Fed's response has been redacted by the Federal Open Market Committee (FOMC), a supposedly 'separate entity' ,who just happen to have access to the Fed's records. The mere existence of this rumor and the refusal of the Fed to supply complete information on its activities, is reason enough to call for a thorough audit of the system.

7-8-15 UPDATE: The New American suggests in Has the Federal Reserve Sold the Gold at Fort Knox?: "...That’s right: The Federal Reserve — the ultra-secretive central bank that controls the flow of money in the United States — apparently has monopoly control over the gold, too… since 1986, the vaults have literally been sealed shut. The seals were wax with a ribbon running through them connected to a document declaring the vaults sealed…"The Treasury Office Inspector General (OIG), which is currently responsible for the Deep Storage gold audits, has told me it is absolutely not routine to break the seals. Neither for inspection by a US Mint Director nor for the President of the United States will the seals be broken," Jansen writes…In 2010, however, the seals were broken and new, more durable plastic seals replaced the old wax ones. "

4-26-11 UPDATE: Two film reports now corroborate this story

The article is quite lengthy in developing its scenario but well worth the read. It poses some intriguing possibilities into the activities of the Federal Reserve System. Perhaps, this is why the Fed and its Congressional allies, such as Mass Rep. Barney Frank (D) have opposed Ron Paul's bill to audit the Fed while others have blocked it in the Senate. So, if the article's allegations are true, what's left to steal from the country? Just the labor of it's citizens and that's now in progress with Cap and Trade and health care reform. Economic hardship from the forced servitude of ordinary Americans, struggling against outrageous commodity prices, will be used to pay off debt incurred by its never-ending supply of treasonous politicians. - Ed.}

by Anonymous

When I first picked up on this tale, my first reaction was that this was another urban legend. I also thought that counterfeiting a bar of gold was a technical impossibility not having spent time checking out the possibilities. I finally made myself read this more recent item because the story remained persistent and I thought enough time had elapsed for a few obvious questions to be asked.

After reading that gold and tungsten have the same density, I cracked open my handy copy of ‘The Practicing Scientist’s Handbook (1978)’ and got the exact values. The density of gold is 19.32 g/cc and the density for tungsten is 19.3. Ouch! The difference is in the forth significant digit and no one usually measures beyond three significant digits.


To do so is no big trick, but everyone is working on three digits as good enough. One would have needed a very sensitive scale and a very sensitive volumetric device able to show that you were a few grams short on every ten or twenty kilos you were measuring.

The bottom line is that someone made a business out of looting the flow of gold somewhere along its transfer path. Done right, you would simply be in position to swap out replacement bars as needed. This means a cabal of employees was involved in some way or the other. It may even have begun with a single bar. The bar purchased outright was needed to make a dozen or more new bars with proper serial numbers. Then when the real bars were shipped with correct serial numbers, the switch took place. One could then produce a much larger number of bars. In short order you could switch out shipments without any fuss at all.

It will require a full audit of every bar in existence to find out how much has been stolen.

Anyway, before anyone gets excited about all this, it's long overdue for the globe to quit maintaining a gold reserve as if it has anything to do with reserve banking. Canada exited that game decades ago and no one much cares.

Whoever was involved has had ample time to hide and time during the looting process to create excellent escape plans.

In a way this is almost funny. You would have thought that the USA had been embarrassed enough this past year. When markets crash, it's normal for the accumulation of bad acts to become apparent and very public. This bit of skullduggery will not be surpassed for a century or two so I do not think we have to be worried about what is next.

It is difficult to think that this was ever a sanctioned operation because institutional memory would make sure that no fake gold ever went out of country. Most likely a key player retired or died and that was that.

It's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.

A recent discovery -- in October of 2009 -- has been suppressed by the main stream media but has been circulating among the "big money" brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox -- the US Treasury gold -- that is the equity of our national wealth. In short, millions (with an "m") of gold bars are fake!

Who did this? Apparently our own government.

Background

In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanged between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only an outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!

At first many gold experts assumed the fake gold originated in China, the world's best knock-off producers. The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.

According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then allegedly "sold" into the international market. Apparently, the global market is literally "stuffed full of 400 oz salted bars". Perhaps as much as 600-billion dollars worth.

An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 perhaps makes sense now:

DA investigating NYMEX executive Manhattan, New York, --Feb. 2, 2004. A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney's office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange's markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney's office also declined comment."

The offices of the Senior Vice President of Operations -- NYMEX -- is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence "prove" that the amount of gold in question could not have possibly come from the U.S. mining operations -- because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.

No one knows whatever happened to Stuart Smith. After his offices were raided he took "administrative leave" from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau's office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave -- all for nothing?

The revelations of additional fake gold bars explains another highly unusual story that also happened in 2004:

LONDON, April 14, 2004 (Reuters) -- NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday. Interestingly, GATA's Bill Murphy speculated about this back in 2004;

What is the GLD?

GLD is a short form for Good London Delivery. The London Bullion Market Association (LBMA) has defined "good delivery" as a delivery from an entity which is listed on their delivery list or meets the standards for said list and whose bars have passed testing requirements established by the association and updated from time to time. The bars have to be pure for AU in an area of 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated as follows:

Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of a troy ounce.

Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm.

Fineness: the minimum 995.0 parts per thousand fine gold. Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).

After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool/catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day -- hidden behind the following legalese "shield" from the law:

[Excerpt from the GLD prospectus on page 17]

"Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA's standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss."

The Gold Antitrust Action Committee (GATA) is an organization which has been nipping at the heels of the US Treasury Federal Reserve for several years now. The basis of GATA's accusations is that these institutions, in coordination with other complicit centralbanks and the large gold trading investment banks in the US, have been manipulating the price of gold for decades.

The Federal Reserve knows but is apparently part of the scheme

Earlier this year GATA filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.

On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (blacked out). The Fed's response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.

GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release.

In a Sept. 17, 2009, letter on Federal Reserve System letterhead, Federal Reserve governor Kevin M. Warsh completely denied GATA's appeal. The entire text of this letter can be examined at http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf.

The first paragraph on the third page is the most revealing.

"In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed to the public. This information was properly withheld from you."

The above statement is an admission that the Federal Reserve has been involved with the fake gold bar swaps and that it refuses to disclose any information about its activities!

Why use tungsten?

If you are going to print fake money you need to have the special paper, otherwise the bills don't feel right and can be easily detected by special pens that most merchants and banks use. Likewise, if you are going to fake gold bars you had better be sure they have the same weight and properties of real gold.

In early 2008 millions of dollars in gold at the central bank of Ethiopia turned out to be fake. What were supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little problem.

The problem with making good-quality fake gold is that gold is remarkably dense. It's almost twice the density of lead, and two-and-a-half times more dense than steel. You don't usually notice this because small gold rings and the like don't weigh enough to make it obvious, but if you've ever held a larger bar of gold, it's absolutely unmistakable: The stuff is very, very heavy.

The standard gold bar for bank-to-bank trade, known as a "London good delivery bar" weighs 400 troy ounces (over thirty-three pounds), yet is no bigger than a paperback novel. A bar of steel the same size would weigh only thirteen and a half pounds.

According to gold expert, Theo Gray, the problem is that there are very few metals that are as dense as gold, and with only two exceptions they all cost as much or more than gold.

The first exception is depleted uranium, which is cheap if you're a government, but hard for individuals to get. It's also radioactive, which could be a bit of an issue.

The second exception is a real winner: tungsten. Tungsten is vastly cheaper than gold (maybe $30 dollars a pound compared to $12,000 a pound for gold right now). And remarkably, it has exactly the same density as gold, to three decimal places. The main differences are that it's the wrong color, and that it's much, much harder than gold. (Very pure gold is quite soft, you can dent it with a fingernail.)

A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclear properties of gold perfectly. To do this, you could start with a tungsten slug about 1/8-inch smaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold all around it. This bar would feel right in the hand, it would have a dead ring when knocked as gold should, it would test right chemically, it would weigh *exactly* the right amount, and though I don't know this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16" layer of pure gold being enough to stop the x-rays from reaching any tungsten. You'd pretty much have to drill it to find out it's fake.

Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it's got a lot of real gold in it, but you'd still make a nice profit considering that a real one is worth closer to $400,000.

What's going to happen now?

Politicians like Ron Paul have been demanding that the Federal Reserve be more transparent and open up their records for public scrutiny. But the Fed has consistently refused, stating that these disclosures would undermine its operation. Yes, it certainly would!

UPDATE: Audit of Fed Reserve Amendment Passes!

"In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.

The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal
. "

The manufacture of fake gold bars goes back years and, because of this, it is not likely that the originator of this scheme will ever be revealed or brought to justice. Meanwhile the world is just beginning to learn that much of its national reserves of gold may be fake. If more testing reveals that this gold was guaranteed by Fort Knox and the US Treasury then perhaps they will demand an exchange for "real" gold -- wouldn't you?

This is all happening at a time when the US economy is at its lowest and most vulnerable. The effects could be devastating.

Some investors are already selling gold commodities before these facts are widely known. They are investing instead in silver -- the next best metal. This will undoubtedly drive silver prices up.

According to Jim Willie, 24 year market analyst and Ph.D in statistics, "The bust cometh, and it will be spectacular. The stories told in the press will be peculiar, since not told objectively. The headlines might be a comedy, with phony reports of foreign subterfuge, when the perpetrators are home grown."