Ain't That Special?

Physical demand for precious metals is very strong on the streets of the good old USA. Americans understand paper money, but deep down, they also trust the value of gold and silver. But a funny twist occurred in my 401(k), which is now my 201(k), the K is gone. There are no more 24K contributions. The US government allows for income tax deductions for contribution to your retirement account. Gold, Silver and Platinum Eagles are recognized as legitimate IRA investments and contributions. The US Government, is such a pal, right? Not so fast.  

A funny thing happened on the way to the MINT, to pick up some more Eagles for the golden years, they have virtually closed their doors on Eagle deliveries. Some say that this is an orchestrated attempt to keep bullion out of the hands of the people, so that the people must depend exclusively on fiat money for wealth preservation. Some say this is part of enslaving Americans by the Government's controlled fiat money and companion tax regime. Others say the lack of Mint deliveries of eagles is a way to reduce demand of bullion and thereby prop up the dollar and suppress gold and silver prices. If the Mint is not going to deliver eagles in serious quantities, as they are more than capable of doing, what other currency, beside the dollar, is allowed in your IRA. Bullion bars, to my knowledge, are not part of the IRS recognized stores of wealth for IRA contributions. When the Mint shuts down substantial deliveries of IRS recognized IRA eagle coinage, while not allowing retention of the bullion bars in your IRA, the Mint, in combination with the IRS, both treasury facilities, are in affect suppressing bullion prices and forcing people to hold fiat dollars for their GOLDEN years, whether they want to or not. We are stuck with it, and they will make sure we stick with it. Also, the treasury, using its Mint and IRS enablers, can do this with impunity, as the courts have declared the recognition of fiat as lawful money. The Treasury, IRS, Mint, as enabled by the courts, have effectively closed the Mint PM window to the folks. Ain't that special?

In the mean time, the congress sits there and does not require an audit of the nation's gold reserves, when obvious allegations of serious depletion have been boldly and notoriously made, in public, for all to see, when congress could order such an audit in a heartbeat. Something is just not right there. Maybe it is a national secret, or a national disgrace, take your pick, that no authority wants to make public the surreptitious divestment of the nation's treasure, as that might, in a day, debase fiat into oblivion, and hence, the Ft Knox audit has not been had, over the last 50 years. Ain't that special?

The Government's PPT and the FED have worked their magic, sure enough, time and time again, with their hail Mary plays near the close of the DOW each day, to prop up the markets using "intervention", to give all new found faith in those fiat dollar denominated shares. The President claims he is a free market guy, yet, but in a meltdown, intervention is necessary. So even the President of the United States is now on record that intervention is necessary. Well necessary is just a how-much indication, not that "intervention" is inherently immoral and contrary to the necessary workings of any capitalistic free market. So, get this straight, "Intervention", is DC slang and FED speak for market rigging, which just so happens to match well the SEC and CTFC do nothing enforcement of fair market laws with their see-no-evil allowance of the concentrated precious metal short positions allowed to be sustained in perpetuity, to suppress the price of gold to prop up the fiat dollar. Ain't that special?

So, let me, and YOU, get this straight, the Mint violates law and the public trust by limiting deliveries of eagle coinage, while IRS says only Eagles are the only proper precious metal IRA deduction, while the SEC and CTFC turns a blind eye to criminal manipulative concentrated shorts on the COMEX that suppresses gold and silver prices to prop up the fiat dollar, while congress does nothing to ensure and account for the nation's treasure by failing to conduct a gold audit, while the IRS and the courts agree that fiat money is the only lawful money for tax and commerce purposes, notwithstanding the plain language of the constitution, while the President said interventions are necessary thus admitting market rigging, is necessary, where the FEDs bail out the Wall Street banksters who took billions in bonuses, while the Government's PPT props up the general equity market to maintain our rigged markets, and all this is collectively done, in concert, to save the almighty fiat dollar from devaluation, which fiat is inherently worthless. Ain't that special?

So get this straight. The entire US Government, in every sector, has been mobilized to prop up inherent worthlessness. Ain't that Special?

Derrick