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The Dangers of Kali in Standarized Gold
In the story of Kali requesting Maharaja Pariksit for places in which he could stay, as related in Srimad-Bhagavatam (1.17.39), Kali begged for one more place to reside, besides the four that have been previously described. So Maharaja Pariksit gave permission for Kali to live where there is gold, because wherever there is the hoarding of gold there is also falsity, intoxication, lust, envy, and enmity.
In other words, all of the previous four bad habits of Kali-yuga and their ramifications would culminate in the hoarding of gold. Therefore, the personification of Kali and the evil found in this yuga that we are in became gold standardized. This has led to innumerable problems in this age, and it is simply getting worse as the age of Kali progresses.
Maharaja Pariksit gave permission for Kali to live where there is gold, because wherever there is the hoarding of gold there is also falsity, intoxication, lust, envy, and enmity.
Now one thing to remember here is that we have been warned about the dangers of standardized gold in Srimad-Bhagavatam, which was written around 5,000 years ago. But how does this danger manifest? How would a 5,000 year old statement or prophecy about gold apply to us today? Let us explain this further.
Throughout history governments have coined and printed their own money, based on actual supply of whatever commodity was backing the money, such as gold or silver. And even without the issued coins there was also the barter system in which people would exchange an equal value of one thing for something else, or labor in exchange of commodities. This is what standardization is all about. In the area of currency, a five-dollar bill, for example, would be worth five dollars of gold. Of course, they removed that standard years ago and now they can print all kinds of dollar bills that have no standard value. Falsity sets in when actual gold, as in gold coins, is no longer used as a currency and paper money replaces it. The paper money does not fairly represent the value of the actual reserved gold. The result of this is artificial inflation and manipulation because the currency is not real. This inflation can set off multitudes of reactions in the value of goods: changes inthe value of your savings and the money you earn, etc.
Then add to this the widespread ignorance and confusion regarding tax laws, and now you have a system designed to keep people under control and enslavement. If people really knew how the money system worked, most people would be astounded. In a letter to Thomas Jefferson in 1787, John Adams wrote, “All perplexities, confusion, and distress in America arise not from defects in the Constitution, nor from want of honor and virtue so much as from downright ignorance of the nature of coin, credit and circulation.” In other words, a dishonest money system is the basis of the economic and social problems in America. Money can either build or destroy a nation. If a money system is honest, all people can prosper. A dishonest system, however, enriches a few at the cost of many.
Centuries ago people stored their gold in the goldsmith’s vault for a fee, in which case, they would get a receipt for their gold. Afterwards, people would exchange these receipts among themselves as a money substitute for commodities or services. They could redeem the receipts for the gold. However, only a small amount of the gold was ever reclaimed, allowing the goldsmith to issue receipts for more gold than he had. So some receipts did not represent anything. In fact, he could use some receipts himself to make purchases or to lend at interest and yet take title to property as collateral. In this way, the increase in fraudulent receipts decreased the value of legitimate receipts. By manipulating the number of receipts in circulation, the wealth and prosperity of the community were quietly confiscated by the goldsmith without anyone knowing.
By reducing the number of receipts and money in circulation, the goldsmith could cause a depression in which he could increase his wealth at the expense of others and foreclose on property. However, by increasing the number of receipts he could stimulate the economy and bring prosperity into the community. In this way, we can see that any money substitute like paper currency is honest only when it accurately represents real money.
we can see that any money substitute like paper currency is honest only when it accurately represents real money.
America’s economic problems are based on this practice of issuing notes that are not accurately backed by gold. This is standard practice in the banking industry that is based on the modern day goldsmith known as The Federal Reserve and their Federal Reserve Notes. Remember, a Note is an I.O.U., or debt. Paying a debt with another debt is not possible. A debt must be paid with something of value, like gold or silver. Thus, the name “Federal Reserve Note” is, in fact, a fraudulent name since it is not what it claims to be--an accurate representation of a certain amount of gold.
There are only two actual economic systems: One is barter and the other is credit. Barter is simply the exchange of items that have equal value. The use of gold or silver coins is a barter system. Other items that have been used for exchange have included cows, salt, tea, tobacco, and opium. But money by itself does not exist: It must be something of value or an honest representation of something of value. However, credit is not tangible; it cannot be measured. It is only an idea represented by bookkeeping entries. Wealth is produced through labor in exchange for value or in making useable products that have exchange value in the marketplace. You do not find this with credit.
Therefore, in essence, credit is all imagination and psychological because they base it merely on the confidence people place on it. Bookkeeping tactics can then manipulate and adjust the value of such credit to suit whatever the plans are of those who control it. On page twelve of Keeping Our Money Healthy, published by the Federal Reserve Bank of New York, it states, “The Federal Reserve system works only with credit.” But credit is not wealth.
This state of affairs started 200 years ago when Amschel Rothschild (1743-1812) established a principle that the economic and political systems of nations would not be controlled by the citizens but by the bankers, for the bankers. This came about by a carefully planned series of political and economic maneuvers that gradually established a “Central Bank” in every country. This, in effect, allows those involved in this Central Bank system to gain control over the economy of the entire world. Many people think that the strategy of these power elite bankers is to establish a single world government over which they have complete control. By understanding this you can see that politicians, leaders, and people in general, are all controlled by the policy decisions of these bankers, not by governments. Even governments are controlled by the economic decisions made by these bankers. And when something or someone is in control, then everyone else becomes their servant, or evenslaves.
These central banks have the authority to print money for whatever country in which they are established. It is these banks from which governments borrow money to pay for debts to continue their operation. Thus, printed money is debt money. It has no intrinsic value since they do not base it on gold. It is printed to further the borrowing by the government. This propels a false economy in which everything, even the government, operates on credit. So, yes, the Federal Government of the U. S. is bankrupt, so it keeps borrowing money from the Central Bank, known as the Federal Reserve Bank. And now the national debt is over 8 and one-half trillion dollars (at the time of this writing, as of January 1, 2007), which the government owes to the Federal Reserve Bank and other member institutions. This also means that in a country of over 300,500,000 people, every U. S citizen owes over $28,000 as their contribution to help pay off this debt. Most of this debt is interest that multiplies on a daily basis that the government, or rather the American taxpayers, are supposed to pay back to the Federal Reserve Bank. To pay back such a debt is most difficult. Thus, policy decisions by the Federal Reserve regarding the national debt can send waves of changes throughout the country at any given time. So we can see how this government must consider the dictates of the Federal Reserve Bank, which operates more like a privately owned and operated organization of international bankers than an agency of the government, since that is exactly what it is.
Presently, the policies of the Federal Reserve control inflation and deflation. They have the duty to establish and adjust the “prime lending rate” that “helps” stimulate the economy or control growth. They can expand or contract the money supply by buying or selling U. S. securities and by raising or lowering reserve requirements, which is the money that member banks must have in reserve. The Federal Reserve has many other duties that exert a powerful influence on this nation’s economic life, and, thus, affect every other country in the world.
It was on November 22, 1910 when the nation’s leading bankers left by train at night from Hoboken, New Jersey on a secret mission to Jekyll Island, Georgia to create what would be the Federal Reserve System. Through their plans they were able to bypass the U. S. Constitution that established how they should regulate money. For example, Article One, Section Eight of the United States Constitution directly states that only Congress has the “power to coin money and regulate the value thereof”. Furthermore, Article One, Section Ten of the United States Constitution says, “No state shall make anything but gold and silver coin a tender in payment of debts”. Also, Title Twelve of the United States Code, Section 152, states: “The term lawful money, or lawful money of the United States, shall be construed to mean gold or silver coin of the United States.” Even as far back as the “Coinage Act of 1792,” Congress fixed the dollar as a specific weight of silver in the form of a coin, and fixed the value of a gold coin in relation to it.
Nonetheless, it was in 1913 that Congress surrendered the original constitutional power to create and regulate money to the Federal Reserve in the Federal Reserve Act, thus giving this control to foreign interests. Then the Federal Reserve began printing paper money. Between 1914 and 1963 the Federal Reserve Note never claimed to be money or dollars. It simply stated that, as on a note for five dollars, “The United States of America will pay to the bearer on demand Five Dollars.” Above the bank seal it said, “This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.”