NESARA + US Treasury May Have 70% Less Gold!
Posted By: Boudewijn Wegerif <bw@jak.se>
Date: Friday, 17 August 2001, 11:44 a.m.
MONEY MATTERS --
17 August 2001
NESARA + The US Treasury May Have 70% Less Gold Than It Says
___________________________
Dear list members,
Two days ago I had an e-mail from somebody whom I do not regard as reliable,
and who is not a list member, saying that something BIG would be happening
within 72 hours, connected with NESARA. I deleted the message. And now here
I am writing about the possibility that something BIG is indeed happening,
connected with NESARA.
At nesara.org , you will see that NESARA is an acronym for National
Economic Stabilization and Recovery Act and that there is a growing movement
for this monetary reform bill to be passed into law in the US.
An “Executive Summary” of the Act follows below. The purpose is to enable
the United States Treasury to buy and cancel all outstanding capital stock
of the Federal Reserve Banks and for a new United States Treasury Reserve
System to be established, which will issue silver and coin coins as legal
tender, along with “treasury credit notes”.
I would not be writing about this if I had not received two e-mails today in
which NESARA is mentioned again – on the very day that I have been
considering the startling revelation, via other e-mails, that the US
Treasury Department may have 70% less gold than it says it has. If and when
this breaking news is proved to be correct, there is going to be a big call
for NESARA, for sure.
The likely gold shortfall is revealed in an article, The Mystery of the
Disappearing SDR Certificates”, by GATA consultant James Turk, posted at the
GATA website –
gata.org
In his well researched article, James Turk reveals how by some fancy
figure-work, whereas no reduction is shown in the Treasury Department’s
official gold reserve figures, the SDR certificates on the books of the U.S.
Treasury Department's Exchange Stabilization Fund have dwindled from 9,200
millions to 2,200 millions between December 1998 and March this year.
An SDR is a monetary instrument issued by the International Monetary Fund,
IMF, representing a special drawing right for one 35th of an ounce of gold.
James Turk shows by careful argument how the 7,000 million ‘paper gold’ SDR
certificates issued by the Treasury Department since December 1998, are in
all likelihood backed by the official gold reserves, and represent a claim
on the reserves!
“James Turk has a Home Run,” writes Bill Murphy, the chairperson of GATA, in
an e-mail received this afternoon. “It is now up to Secretary O'Neill to
explain what the draw down in SDR Certificates is all about. It could not be
more clear that it has to have something to do with gold. It also could not
be more clear that the GATA camp has caught the U.S. Treasury deceiving the
U.S. Congress and the American public.”
It is with this unfolding scandal on my mind, that I read today’s two
e-mails in which NESARA is mentioned.
The first is from Larry Morningstar - mana7@aloha.net . Larry is curious to
know if I can throw light on an e-mail he had received, which reads in part:
“Congress has been told to activate NESARA, but there are some who refuse to
do so. This Act was enacted some 10 years ago, but was kept secret because
of necessary preparations. The Act re-instates the precious-metals
banking - ending the rule of the FED and it's Fractional banking system.
Treasury Banks are to be restored under the act. NOW at long last, the time
has come to broadcast this ACT and to urge Congress to activate it.”
My response to this is that it is made quite clear at the NESARA website
that the NESARA Act has not yet been passed into law or been before
Congress. So we have a mix here of possible truth – perhaps members of
Congress are being told to put NESARA on the agenda – and blatant
disinformation.
The second e-mail in which NESARA is mentioned is in a letter from Rayelan
Allan, the publisher of
rumormillnews.com
dated 13 August. The letter was forwarded by Frans Ytterhoeven –
In her letter, Rayelan shares how two of her sources had called her to tell
her that “something important is about to happen.” One source went so far as
to say that there will be a new election in the US and that “3,000 elected
officials will have to resign when NESARA comes on line.” She was also told
that the NESARA posted at nesara.org is not the Act that will be passed
into law. She was told, “It is similar! But substantially different”.
Reyalan has been in the breaking news game for years and years. Her sources
are more often than not on the mark. One of the two sources for this latest
forewarning told her several months before it was generally known that
Hillary Clinton would run for the Senate from New York.
Here Rayelan was told by both sources, whom she stresses do not know each
other, that “we are going to see big changes in banking and governments
around the world – very soon!”
Rayelan writes further: “I think one of the Sources is with Faction 3 –
this is a large group of ’civilians’ who understand what is going on with
the NWO, New World Order, and who combined their tremendous wealth in a
‘metal’ trust [include gold and silver – BW] back in 1983. It was one of the
later ‘metal’ trusts to be set up. These "metal" trusts were all set up with
the same aim –destroy the cash cow that supplies the NWO with its "magic
money machine" otherwise known as the Federal Reserve, World Bank and IMF.”
I naturally wonder whether this Faction 3 has been busy acquiring SDR
Certificates, for bringing to the Treasury Department for redemption!
However, Rayelan is cautious about the information she has received. “I
told one Source that all of this was supposed to have taken place in the
summer of 1992! I was in on some of the plans at that time!! Needless to
say, it is 2001 and we still have the IRS (Internal Revenue Service) and
the Federal Reserve!” As Rayelan writes, what she has been told should be
breaking news by now, or near enough now – and isn’t! Yet the way that the
name NESARA has come up from different sides, at the same time that James
Turk’s exposure of Treasury Department malpractice is causing a stir in Wall
Street, causes me to give some credence to what she has been told.
There will be many people ready to dismiss James Turk, Bill Murphy, Reginald
Howe, Rayelan and others, including myself, as conspiracy theory kooks. By
dismissing us in this way, they avoid having to deal with the embarrassing
evidence that is being brought to light. There is a parallel here with the
way in which people who are active for social justice and human rights are
dismissed as communists, whose words and work need not therefore be taken
seriously.
I think most members of the MONEY MATTERS list are open to fringe issues, so
let me go further to share that I have been anticipating something BIG to
happen around now, since receiving an e-mail from a friend
Lyara - on 9 August. In her e-mail, Lyara,
reminded her list members that the 14th anniversary of “Harmonic
Convergence” – a major day in the “Cultural Creatives” calendar – is today,
17 August. Many people around the world are now unifying in meditation for
the “highest good” for all. Lyara also wrote that she is expecting a major
extra-terrestrial event tomorrow, 18 August.
Before you dismiss me as being up the wall for drawing attention to this,
take a look at disclosureproject.org. There you will read about a
big gathering in New York recently where 20 top military and government
officials gave clear evidence of decades of contact with extraterrestrial
civilizations and their craft. From that evidence you will learn how and why
ET “reversed engineered technology” for solving the global warming crisis,
the energy crisis, pollution and many other urgent problems has been
suppressed. Again, there is a government-military-industrial-banking cabal
at work that does not want to give up its grip of death on humanity and the
earth.
So there you have it. I do not, in fact, expect anything spectacular to
happen today or tomorrow. But through this weekend, you may be sure that
news about the SDR paper gold scandal will be spreading round the globe,
along with references to NESARA as a real option for cleaning up the mess.
In friendship,
Boudewijn Wegerif
Monetary Studies Programme **
___________________________
NATIONAL ECONOMIC STABILIZATION AND RECOVERY ACT – posted at www.nesara.org
EXECUTIVE SUMMARY
MONETARY POLICY REFORM
¤ Establishes three types of United States currency: standard silver coin,
standard gold coin and treasury credit-notes
¤ The United States Treasury buys and cancels all outstanding capital stock
of the former Federal Reserve Banks
¤ The privately owned Federal Reserve System becomes a public entity, the
United States Treasury Reserve System
¤ A new Board of Governors of the Treasury Reserve System uses a specific
law-mandated plan to maintain and stabilize the exchange value of the
currency
¤ The new Board assumes all powers and responsibilities of the former
Federal Open Market Committee
¤ The existing regional Federal Reserve Banks become Treasury Reserve Banks
and continue clearinghouse operations and other bank service functions under
the direction of the Office of the Comptroller of the Currency
¤ All commercial banks must exchange their income-producing government
obligations for treasury credit-notes
¤ Only treasury credit-notes may be held as bank reserves
¤ Fundamental changes are imposed on the repayment of all outstanding
fractional reserve loans on secured property—principal must be repaid before
the monetizing-fee is paid
¤ A progressive federal excise tax is imposed on the privilege of making
commercial loans of currency for profit
¤ Commercial financial institutions such as credit unions are provided,
subject to some restriction, with opportunities to operate with fractional
reserves
FISCAL POLICY REFORM
¤ Amends the existing federal income tax system
¤ A national retail sales (excise) tax is imposed upon non-exempt retail
activities of commerce
¤ The Internal Revenue Service is reorganized as the National Tax Service to
administer the collection of the new tax
WHAT NESARA DOES NOT IMMEDIATELY DO
¤ Eliminate all payroll taxes, such as Social Security and Medicare taxes
¤ Eliminate constitutional excise taxes on regulated activities
¤ Immediately eliminate the entire national debt
¤ Immediately halt inflation
___________________________
** Boudewijn Wegerif
Monetary Studies Programme
c/o FHSK Vardingeby, 150 21 Molnbo
Tel:+46.158.23035 – e-mail 552.10327, till end September; thereafter
+46.552.21112
The Monetary Studies Programme prepares commentaries and study material on
the psychology and history of money. Through the Money Matters mailing list,
information is spread about monetary reform and the growing movement for a
positive economic future, freed from debt oppression and money making for
its own sake. The programme is sponsored by the Adult Education Residential
College, Folkhogskola Vardingeby, south of Stockholm, and works closely with
the members’ owned, interest-free bank JAK (www.jak.se).
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