Old Project Avalon Forum (ARCHIVE) - View Single Post - Don’t be surprised if the US Govt defaults on debt

Zynox · 09-15-2008, 12:38 AM

As a paperboy, I used to receive gold certificates, silver certificates and silver coins from my customers.

I'd estimate they have defaulted on between 30-50% in 1933 with Wilson playing the "turn in your gold before we nearly double the price citizens game" and from 80-90% of the debt already, with the appreciable and exponential rates occurring since Nixon closed the Gold window (ability of foreigners to redeem US$ in gold). in 1971.

All the rest is mop up / sweep up operations to attempt to capture the remaining wealth which escaped transfer.

Reference best I've found to simplify the fiasco orchestrated:

http://www.gold-eagle.com/gold_diges...zzo061308.html
http://www.gold-eagle.com/gold_diges...zzo061708.html

and then:

http://www.321gold.com/editorials/fe...ete032808.html

Namaste!

09-15-2008, 12:38 AM	#10
Zynox Avalon Senior Member Join Date: Sep 2008 Location: Ann Arbor, Michigan Posts: 243	Re: Don’t be surprised if the US Govt defaults on debt As a paperboy, I used to receive gold certificates, silver certificates and silver coins from my customers. I'd estimate they have defaulted on between 30-50% in 1933 with Wilson playing the "turn in your gold before we nearly double the price citizens game" and from 80-90% of the debt already, with the appreciable and exponential rates occurring since Nixon closed the Gold window (ability of foreigners to redeem US$ in gold). in 1971. All the rest is mop up / sweep up operations to attempt to capture the remaining wealth which escaped transfer. Reference best I've found to simplify the fiasco orchestrated: http://www.gold-eagle.com/gold_diges...zzo061308.html http://www.gold-eagle.com/gold_diges...zzo061708.html and then: http://www.321gold.com/editorials/fe...ete032808.html Namaste! Last edited by Zynox; 09-15-2008 at 01:11 AM.