By Catherine Austin Fitts
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.”
~ Gary North
This week, we publish Franklin Sanders’ new collection on expanding gold and silver usage, and Franklin joins me to discuss gold and silver as a means of upholding individual and family sovereignty.
The launch of the Going Direct Reset set into motion what Franklin describes as a “monstrous and unendurable inflation”—never before seen in U.S. history. These and other events make it clear that we must break our addiction to federal spending and credit. In most U.S. states, 50% or more of the people take their living from federal government—either directly from the federal government or from federally subsidized state and local government spending. What happens if, as seems possible, the federal government reneges on its promises to the people or inflates them away?
The good news is that in the U.S. and other parts of the world, gold and silver usage (as well as use of cash and coin) are increasing and can help contribute to the infrastructure and conditions necessary for maintaining state and individual sovereignty. In many areas, there is no need to wait for the passage of new laws or the setting up of a new bureaucracy. For example, U.S. law already favors gold and silver. In the United States, it is perfectly legal to contract among ourselves to use gold and silver in our daily transactions with each other—the area of our lives where we have the most control and initiative.
That said, it is of the utmost importance that we insist that our state and local legislatures take steps to protect state and pension fund assets and support a stronger local financial infrastructure. Franklin’s presentation includes steps you can ask your state legislatures to take to improve the daily use of gold and silver.
In an age of digital assets—and with the threat of a sovereignty-destroying central bank digital currency (CBDC) control grid on the horizon—Franklin also reminds us that gold and silver have the virtues of being analog financial assets as well as the assets with no counterparty risk.
Please check out Franklin’s full written discussion on the 2nd Quarter 2022 Wrap Up web presentation when it publishes next Thursday. Here is an overview outline:
I. Introduction
II. Beats Me! What Is a Dollar?
III. Terms and Presuppositions
IV. Why Silver?
V. Interview with Stefan Gleason, Sound Money Defense League, on Abolishing Sales Tax on Gold and Silver
VI. How to Barter with Gold and Silver Coins
VII. Where’s a Depository You Can Trust?
VIII. How Not to Lose Money on Silver and Gold
IX. Sovereign vs. Global: A Shopping List for Your State Legislators
X. Gold and Silver Clause Contracts: An Escape Route
We will also publish a new survey of trends in European taxation and regulation of gold and silver by French attorney Karine Solon. While many U.S. states are lowering the barriers to daily usage of gold and silver, the European Union remains a high-friction market.
It is never too hard or too late to build the future we want for ourselves and our families. With the goal of sovereignty foremost in all of our minds, join us for this discussion, both practical and inspiring, of how you can use gold and silver money in your daily life.
This is the last week of the month, so there is no Money & Markets or Ask Catherine. E-mail your questions for Ask Catherine or post at the Money & Markets commentary for the following week here.
Talk to you Thursday!
Related Solari Reports:
The Silver and Gold Payment Calculator with Franklin Sanders
Will you please direct me to where I can find the state legislator information from Franklin Sanders? “Franklin’s presentation includes steps you can ask your state legislatures to take to improve the daily use of gold and silver.” The web presentation link above goes to the cover page of the wrap up but it’s not expanding or linking to the presentation for me. Thank you!
Thank you and Franklin for the Silver and Gold calculator! So easy to use and we had a great discussion this morning after viewing your recent Greg Hunter American Watch dog appearance.
Happy Birthday and Merry Christmas!
I have been learning from your presentations. Hope is powerful. I have begun buying the different denominations of coins and some silver bullion. Insurance, as you say. Good advice to check for value of melt so I know a good deal. I will be following up with ideas to share with legislators. Thanks so much. Your advice has fallen on fertile ears!
Basic “must” to survive is food, water, shelter and energy. Level of effort to provide these “musts” needs to be valuated as most important. Any local society can do this, history shows that previous generations were better at doing this. Then the thieves arrived, the world private bankers! They produce zero level of effort in issuing, handling and trading world currencies. Borrowers of this fiat money must “go to work” producing a real level of effort to pay back the loan. The thieves collect the interest for zero level of effort and claim any hard asset on loan default. The good news is collapsing the system will lead to local economies arising where level of effort can be established within local communities. It will grow to most world societies from there.And the thieves will be looking for a real job.
Just watched this. This is the key to protect ourselves for the coming times.
Very useful.
Franklin Sanders is the real deal. Thanks so much.
I am so glad I had time to listen to this discussion. I originally had some trepidation about buying metals, but, like learning to use a pressure canner, the fear only goes away when you get in there and just do it. It is about survival.
I intend to take steps to move to gold and silver. Thank you both for the informative, and friendly chat!
I would have to say that Southeast Texas is easily competitive with Tennessee for out of State transplants moving into the area , even with the Real Estate declining Nationaly my neighborhood has not seen any slow down of new home construction the concrete trucks start rolling in at 6 :30 a.m. followed by the semis loaded with lumber , plumbers , roofers etc. this 6 Day’s a week for the last 5 years and if anything it’s increasing in velocity , I have a front row seat due to being a long term retired resident .
I think the immigration into Texas is far from over.
I recently moved my IRA from Fidelity into a precious metals IRA. I used Volunteer Precious Metals and had the good fortune to have had Franklin himself answer the phone, and help me with this rather substantial buy. I was completely new to the process, and he took a lot of time answering my many questions. The whole process was a pleasure, and I can highly recommend VPM.
Catherine, I enjoyed this 2nd Qtr report and learned plenty. Not easy to digest but valuable I believe.As usual I passionately disagree when you infer and say that we should all forget about the Presidential elections when planning our financial future.
This is true in a sense but really ridiculous generalization. The president of US has vast power and influence and who holds this position is damn important.
Consider Trump versus Biden as Pres-what a difference for main street and the world!!!
I know you will scream and laugh-but I beg you to review this fron the The Last Refuge a few weeks ago. Sundance looks at Trump presidency in detail-considering his failures and victories. It would be worth you review. You are clearly brilliant -but so Sundance and so is Trump. God bless you for all you are doing to keep us free of tyranny. Here is link https://mail.google.com/mail/u/0/?hl=en#inbox/FMfcgzGpHHMVrHBhVPKrWPxMNWxNmNNz
I pray link works. If not you can find it at Last Refuge site under Trump and Musk have something in common.
Thanks, William. Will take a look.
Catherine- excited for this report! A fellow subscriber and I met in another site we are both subscribed to! We connected over the Gold and Silver Calculator update and this new report!
We are both purposing to make a difference in our respective counties. Thanks to you and Franklin for giving us the tools! This calls to mind a paraphrase of what Jon Rappoport stated years ago on an interview with you- step out and declare what you are trying to do, people will hear you and some will step out with you and you all can work together to make it happen.
Sending our best wishes and prayers for continued success of your endeavors!
I can watch ths, but like last weeks report with John Titus, I cannot download the video because it is only HLS Streaming, and not .mp4. I hope this is not a new feature. Financial Rebellion 32 downloads just fine.
We are concerned about bandwidth. Will switch it on this coming week and lets see how it works.
On the list to switch to downloadable today.
Loved this interview Catherine and Franklin.
Thank you, Catherine. Great interviews!
Hi Catherine,
I am so grateful for Solari and the advice and information that you provide. I would like to purchase gold and silver, but I am a retired widow and most of my funds are tied up in a 401k account. Am I able to purchase gold and silver within my 401k account? Can I easily access gold and silver held in a depository,even during the chaotic times we are expecting?
Thanks so much!
C J Calautti
Depends on the plan. If you are still employed and can not move some or all to a self directed IRA, you need to see if the plan will add an option. Likely the only one they will add will be mining stocks and ETFs – they prefer securities options. If you do not see anything in the offerings, you need to talk to the plan representative and see if they are willing to make an option available. With enough pressure from customers, they should be able to do so.
Catherine,
Do you recommend Parvin Asset Management as a firm that could advise me or do you have other recommendations of firms that align with your perspective?
Thank you!
Cynthia
Cynthia:
I don’t make investment recommendations on the Solari Report, so can not recommend anyone, let alone a firm I do business with. I provide the screens they use in their asset management business and the mutual fund they manage. We have been joined by several financial planners on the Equity Overview, including Tim Caban, so you might check them out. I spent 10 years as an investment advisor helping individuals and families, including looking for solid asset managers prepared to deal with reality. It was hard to find them. I am hoping after Covid, there are more interested in reality. If you do a search of the ADV Finra database at the SEC or check with your state securities division you should be able to find the firms in your area. Reading their materials should tell you which may be more intelligent about the real economy.
Catherine
Thanks very much!
Cynthia