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Alleged objective to 'conceal the mismanagement of the U.S. dollar'

Feds accused of gold-price manipulation...

"My child and My children, the days will grow darker, and there will be hunger in your land. Yes, My child, what I brought you here for this evening is to tell the world that there will be a crash in the monetary doings of your government—an absolute crash that will affect every man, woman, and child in the United States and Canada, and then, like a serpent, creep all over Europe, until the world sees one big, massive depression." - Our Lady of the Roses, September 7, 1985

WorldNetDaily reported on January 25, 2008:

The Wall Street Journal has agreed to publish a full-page ad in which the Gold Anti-Trust Action Committee charges the U.S. government surreptitiously utilizes gold reserves to engage in international swaps and other market manipulations.

"Anybody Seen Our Gold?" is the title of the ad, which alleges U.S. gold reserves held at depositories such as Fort Knox and West Point may have been seriously depleted. GATA asserts U.S. gold reserves are being shipped overseas to settle complex transactions utilized by the Federal Reserve and the U.S. Treasury to suppress the price of the precious metal.

"The objective of this manipulation is to conceal the mismanagement of the U.S. dollar so that it might retain its function as the world's reserve currency," the ad copy reads in a pre-publication version GATA provided to WND.

The U.S. Treasury denies the claim, insisting the stock is accounted for regularly.

GATA's chairman, William J. Murphy III, told WND his group was willing to pay the Wall Street Journal's cost of $264,000 to run the ad "to get the message out that the U.S. enters world markets without public disclosure to prop up the dollar and depress the price of gold."

GATA cites as evidence the Federal Reserve Open Market Committee reports dating back to Jan. 31, 1995, showing the U.S. Treasury Department's Exchange Stabilization Fund had undertaken gold swaps.

GATA, a non-profit 501 headquartered in Manchester, Conn., further asserts the federal government strategy to manipulate the price of gold has begun to fail.

"Gold's recent rise toward $900 per ounce shows that the price suppression scheme is faltering," the GATA ad reads. "When it is widely understood how central banks have been suppressing gold, its price may rise to $3,000 or $5,000 an ounce or more."

"The gold reserves of the United States have not been independently audited for half a century," the ad charges.

The U.S. Treasury disagrees.

"While the entire gold stock is not physically re-counted in any one year, over a period of years, by our continuous sampling process, the entire stock has been counted, and is effectively re-inventoried," Rich Delmar, counsel to Treasury's inspector general, told WND in an e-mail.

Delmar explained that the annual Office of Inspector General audits of mint facilities involves a physical inspection of certain vaults, which are subject to a 100-percent bar count and assaying. At the end of the inspection, each vault is sealed.

"During each visit, all previously sealed vaults are checked to ensure that the seals have not been compromised or tampered with," he wrote. "This process is the basis for the conclusion that there has been a complete physical inventory."

Delmar said the OIG's work consists of more than reviewing documents.

"Our auditors physically observe the inventory work done at the mint facilities, and we are responsible for the assay sampling process," he said.

WND asked the Treasury if there is a comprehensive listing and accounting of any encumbrances or other restrictions on the gold in the U.S. Mint that may affect ownership.

"This is not within OIG's purview," Delmar responded. "You may want to ask the mint directly."

'Dodging the question'

Murphy called the response "ridiculous."

"The mint does not make complex gold transactions with other countries," he said. "That is the role for the U.S. Treasury. The mint just houses the gold. The Treasury is dodging the question."

GATA has filed a Freedom of Information Request asking the Fed and Treasury to disclose information on encumbrances and swapping or leasing of U.S. gold.

"The Fed and Treasury have not even acknowledged receiving our FOIA request," Murphy said. "It's idiotic to tell you that the mint would have that knowledge."

Murphy asked, "Is the gold in the mint truly U.S. gold reserves or is it just 'custodial gold' held for some other country? That's why we need to know what encumbrances there are on the gold as well as whether any U.S. gold has been shipped overseas to fulfill swap obligations."

The 2006 annual report published on the website of the U.S. Mint lists KPMG as outside auditor.

The KPMG signed audit report in the 2006 Annual Report of the U.S. Mint takes full responsibility for auditing the balance sheets and includes a statement of the custodial activity of U.S. gold reserves.

According to the balance sheets, custodial gold and silver reserves make up 90 percent of the U.S. Mint's total assets.

Still, there is no specific statement in the U.S. Mint's annual report or the KPMG audit report describing any KPMG involvement in a physical inspection of the gold reserves.

KPMG's role as independent auditor for the U.S. Mint is also confirmed in the 2006 audit report prepared by the Office of Inspector General of the Treasury.

Dan Ginsburg, a KPMG spokesman, declined to provide any detail to WND concerning his company's audit procedures for the U.S. Mint, citing client confidentiality.

Greater force

Craig R. Smith, founder of Swiss America Trading Corp., told WND he accepts the GATA arguments because "there has to be a force greater than normal market conditions that has repressed the price of gold."

Smith noted any number of financial crises since the late 1980s that "should have propelled gold way beyond the 1980 high of $850," including the savings and loan debacle and the birth of the Resolution Trust Corporation, as well as the on-going devaluation of the U.S. dollar against virtually all major foreign currencies.

"Gold has been playing catch-up with current world economic conditions," Smith told WND in an e-mail, "and future movements should easily prove gold to be a great value at $900 an ounce. That price will look cheap going forward as the world starts to turn its back on debt-laden currencies and returns to money with a real value."

But the U.S. Treasury, in a statement on its website, denies the Exchange Stabilization Fund has been used to manipulate gold prices.

"The ESF does not engage in any transactions in the market for any metal such as gold, either in spot markets or in any of its derivative forms," the Treasury statement declares. "We would like to emphasize that the Treasury Department does not seek to manipulate the price of gold or any other metal by intervening in or otherwise interfering with the market."

Yvanka Wallner, advertising sales representative for the Wall Street Journal in New York City, confirmed to WND the GATA ad has been approved by the Journal's lawyers and is being prepared to be run next week.

Swiss America, a WND advertiser, specializes in investment-quality numismatic gold coins.

Gold yesterday closed at an all-time high of $911 an ounce, up $28, on a weaker dollar and higher oil prices.

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"You will understand and broadcast the message to the world that there will be a great destruction in the monetary systems of the world. It will affect both the United States and Canada, and all the great powers of the world." - Our Lady of the Roses, November 1, 1985

"My child and My children, the days will grow darker, and there will be hunger in your land. Yes, My child, what I brought you here for this evening is to tell the world that there will be a crash in the monetary doings of your government—an absolute crash that will affect every man, woman, and child in the United States and Canada, and then, like a serpent, creep all over Europe, until the world sees one big, massive depression. I can illustrate to you, My children, what I mean by this monetary depression.
    "Should you go and wish to buy a small instrument, even a guitar, that We hear plucking away at the dervishly, and devilry, of what is called the musical Mass, strung by guitars, and other creations of satan. My child, I go on to tell you, you will say that the guitar is not a costly item, but in order to buy this guitar you will carry an actual satchel, an overnight bag-size, My child—let Us put it that way clearly—of notes, your currency. It will take a whole suitcase of paper—paper money that no longer has a value. You will soon be reduced to bartering for your food.
     "My child, I know you are affrighted at this word 'war'; 'death', 'turmoil', 'depression', but what can I do but tell you the truth. I cannot smooth over it, for I would be accepted like those upon earth who like ostriches, they walk about, proud in their scientific knowledge." - Our Lady of the Roses, September 7, 1985

The awesome Bayside Prophecies...  https://www.tldm.org/Bayside/default.htm  
These prophecies came from Jesus, Mary, and the saints to Veronica Lueken at Bayside, NY, from 1968 to 1995:

A godless nation shall fall! . . .
"Without My Son you are lost. A godless nation shall fall. A nation that has been eaten away and rotted by sin shall fall. A nation that has turned itself back and regressed to a state of animal living bordering on all sins of the flesh and impurity; given over to all manner of seeking things of the world; power, lust, envy, hate, murders, abortions, worship of false idols; loving money, power, and lacking the instinct of survival when survival can only be reached by pleading from them to the merciful heart of the Eternal Father." - Our Lady, June 13, 1981

A great money disaster . . .
"My child and My children, pray a constant vigilance of prayer.  Keep this going throughout the United States and all of the nations of the world, for there is little time left. Soon, in the plans of the Eternal Father, He shall set forth and allow to come upon mankind, a great money disaster.  In this way it will prove to you that the disaster back in the 1920's, My children, was as nothing compared to what will happen now.  I talk of a great depression coming upon mankind." - Jesus, October 1, 1988

Destruction of the world monetary systems . . .
"You will understand and broadcast the message to the world that there will be a great destruction in the monetary systems of the world.  It will affect both the United States and Canada, and all the great powers of the world. And I repeat again:  You will go to your stores to do your shopping carrying papers which may as well be newspapers, for the value they will have to purchase even food will be nil.
    "How can a great country like the United States fall, you say, My child?  You ask Me in your heart. I read your heart.  I will tell you why. Because they have given themselves over to satan.  When a country has lost its morality and seeks the pleasures of the flesh, giving over, themselves over, to all manner of abominations, like homosexuality, and condoning this up the highest courts of the land, then that country shall fall." - Our Lady, November 1, 1985

Gathering of the world's money to control the masses . . .
"Man shall not create a new world as he seeks.  For there cannot be a lasting world without His God.  And I speak not of the false idols and gods that man creates in his human nature!  There is only one Creator.
    "You who cast aside this knowledge and choose to set yourselves up by power and the gathering of the world's money to control the masses, you will find that all of your power and all of your volumes of gold and silver cannot hold back the heavens as they descend upon you in a just chastisement.  The world, the earth shall tremble, fear shall come upon mankind as he watches the approach of the destruction that he himself has chosen to set loose." - Jesus, February 10, 1978

Evil force like an octopus . . .
"There is a great evil force now enshrouding your world; it is like an octopus reaching out in every direction to ensnare the world.  It is a force of evil set up by satan.  There are many arms of the octopus controlled by the monies of the world.
    "For the love of money and riches, many will sell their souls to get to the head. O My children, what do you gain if you gather all of the riches of the world and destroy your soul. When you come over the veil, and you will come over the veil, what will you bring with you - nothing of the material.  You must gather your riches in Heaven now.  They are supernatural: the graces, the merits that will allow you to enter into the Kingdom of your God." - Our Lady, June 24, 1976

The Illuminati . . .
"There is a group in the United States and the world, a group that started many years ago, calling itself the Illuminati, coming from the word 'light bearer'. Naturally, My children, this light that they bear stands for Lucifer, and as such they have gone through the world secretly known as Luciferians.  They have brought into your country, the United States, and your neighbor Canada, a group of witchcraft practices.  Well have they laid their plan to destroy your children with drugs, using your school systems, your medias of communication, your newspapers, your televisions, your radios: every means of communication has been infiltrated by the member and sub-members of the Illuminati, a conglomeration of individuals and powers and principalities throughout the world, and banking systems.  As you well know, My children, money has always been the root of all evil, and many have sold their souls to get to the head." - Our Lady, November 25, 1978

You are worshiping idols . . .
"My children, you must change your values back to the plan of your God. As a nation, as a country, as in many countries throughout the world, you have become paganized and immoral. My children, it is the gauge for the fall of mankind: immorality and paganism. No nation shall stand without its God, the God in Heaven.
     "Man is creating many new gods, gods to feed his human nature; and it is a basic carnal nature. Idolaters abound. When you worship in abundance things, My children, you are worshiping idols! If you spend your time gathering things, money, power, you are worshiping idols. Remove yourself from these worldly pursuits.
     "It is a narrow road to the Kingdom of your God, Heaven. Many are called but few are chosen. The road with satan is wide. Many walk it and can never leave, because there are too few prayers said for them and by them.
     "Nothing is impossible to your God. Man shall never reach the highest pinnacle of Heaven in knowledge." - Jesus, March 18, 1978

graphicMany will sell their souls to get to the head . . .
"The road to Heaven, My children, is a narrow one; too few stay upon it.  For they are often carried away with the cares of the world, and the pleasures of the materialistic pursuits, and their gathering of money and prestige and power.  For what?  For the few short years allotted to each human upon earth.  I ask you to ask yourself: is it worth it to lose your soul?  Many will sell their souls to get to the head." - Our Lady, November 20, 1979

Gather your graces . . .
"You cannot accept two masters. One you will love, and the other you will learn to hate. And remember, My children, where your treasures are, your heart will always lie. And better that you gather your treasures in a place where there is neither rusting, nor attacks by moths, and robbers cannot take them from you. Store your treasures in Heaven, My children. Gather your graces. You must ransom your soul and the souls of your children, your households. Do not wait expecting to be repatriated at the last moment, My children. Many are coming across the veil unprepared, and, sadly, they cannot be accepted into the Kingdom." - Jesus, August 5, 1977

Store canned goods, water and blankets . . .
"My children, I caution you now, and I wish that you remember these instructions from several years ago in earth's time that I gave to you, to keep in your homes a good supply of canned good.  They have shelf value, My children, they will not spoil. But better that you keep them and they spoil than to have come upon you the great Chastisement.  It will be a ball of fire which will ignite many of the chemicals that are being stored up for the destruction of the nations.
    "My children, not only with the canned foods will you store just food, but you must also make known to your families and your friends that they had best keep blankets and water in tight containers; for there will be on the onset of the Chastisement, there will be nothing that you can buy due to contamination." - Our Lady, July 1, 1985

Read the Bayside Prophecies:
   
  September 7, 1985 message -- World monetary crash: "One massive depression" (click here)Eve of the Feast of the Nativity of Our Lady - 9/7/85

Directives...

D213 - Riches, Part 1   PDF Logo PDF
D214 - Riches, Part 2   PDF Logo
PDF
D307 - Monetary crash  PDF LogoPDF 

Articles...

Credit crisis and stock markets:

Zuckerman compares current 'financial crunch' to Great Depression
https://www.tldm.org/News11/ZuckermanComparesCrisisToGreatDepression.htm

European, Asian markets plunge
https://www.tldm.org/News11/EuropeanAsianMarketsPlunge.htm

Subprime Nation
https://www.tldm.org/News11/SubprimeNation.htm

Leading lender H&R Block likens US credit crisis to Great Depression
https://www.tldm.org/News11/H&RBlockLikensCrisisToDepression.htm

Fed faces gigantic insolvency time bomb
https://www.tldm.org/News11/FedFacesInsolvencyTimeBomb.htm

Global money markets tighten on cash shortages
https://www.tldm.org/News11/GlobalMoneyMarketsTighten.htm

Dollar collapse, stock market sell-off looms
https://www.tldm.org/News11/StockMarketSell-offLooms.htm

No time to sit and watch: "What we have on our hands here, folks, is a full-blown, global financial crisis"
https://www.tldm.org/News11/GlobalFinancialCrisis.htm

World stock markets spiral lower
https://www.tldm.org/News11/WorldStockMarketsSpiral.htm

Fed OD’s on liquidity but risks depression
https://www.tldm.org/News11/FedRisksDepression.htm

U.S. Comptroller General: Learn from the fall of Rome
https://www.tldm.org/News11/ComptrollerGeneralFallOfRome.htm

Perfect storm of debt rattles Wall Street
https://www.tldm.org/News11/PerfectStormOfDebt.htm

Asian stocks tumble the most in five months on credit concern
https://www.tldm.org/News11/AsianStocksTumble.htm

Subprime panic points to taxpayer bailout
https://www.tldm.org/News11/SubprimePanicTaxpayerBailout.htm

Fed cowardice invites catastrophe
https://www.tldm.org/News11/FedCowardiceInvitesCatastrophe.htm

Foreign money props U.S. economy
https://www.tldm.org/News11/ForeignMoneyPropsUSEconomy.htm

U.S. Treasury Secretary Henry Paulson: Coming financial crash shows need for immediate monetary reform
https://www.tldm.org/News11/PaulsonComingFinancialCrash.htm

Slow demise of the mighty greenback
https://www.tldm.org/News11/DemiseOfMightyGreenback.htm

Credit spree could cause 1930s-style depression
https://www.tldm.org/News11/CreditSpreeCouldCauseDepression.htm

Gloom gathers over U.S. economy
https://www.tldm.org/News10/GloomGathersUSEconomy.htm

It’s official: The crash of the U.S. economy has begun
https://www.tldm.org/News10/CrashOfUSEconomyHasBegun.htm

The plan to destroy America - via the dollar
https://www.tldm.org/News9/PlanToDestroyAmericaViaDollar.htm

Oil producers shun the dollar; Russia and Opec shift revenues into euros, yen and sterling
https://www.tldm.org/News9/OilProducersShunDollar.htm

U.S. Comptroller General warns the nation of economic calamity
https://www.tldm.org/news9/MonetaryCrashComptrollerGeneral.htm

Central banks caught in gold squeeze may crush dollar
https://www.tldm.org/News9/goldSqueezeMayCrushDollar.htm

Foreclosures:

Roach: ‘U.S. homes should fall 30 percent’
https://www.tldm.org/News11/RoachUSHomesShouldFall30Percent.htm

Foreclosure filings surge 68 percent
https://www.tldm.org/News11/ForeclosureFilingsSurge.htm

August 2007 report: 11 states have triple digit increases in foreclosures
https://www.tldm.org/News11/TripleDigitIncreasesInForeclosures.htm

New mortgage foreclosures set record
https://www.tldm.org/News11/MortgageForeclosuresSetRecord.htm

Shiller: U.S. housing woes could spur world slump
https://www.tldm.org/News11/HousingWoesCouldSpurWorldSlump.htm

Credit crunch hits the consumer — foreclosures double
https://www.tldm.org/News11/ForeclosuresDouble.htm

The worst isn't over in mortgage meltdown
https://www.tldm.org/News11/MortgageMeltdown.htm

Links...

Sub-prime lender says problems are on scale of Great Depression, [U.K.] Times Online, August 31, 2007
http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article2358099.ece

Video: Money expert Jim Cramer of CNBC - "They're nuts, they know nothing! ... In the fixed income market, we have Armageddon"
http://www.youtube.com/watch?v=SWksEJQEYVU

Wall Street tremors, Asian markets' tsunami, Forbes.com, August 10, 2007
http://www.forbes.com/markets/2007/08/10/asian-markets-roundup-markets-equity-cx_vk_0810markets03.html

World markets rattled amid Dow Jones crash, ABC News Australia, August 10, 2007
http://abc.net.au/news/stories/2007/08/10/2001292.htm?section=business

Risky home loans run a fever, and the market prays it doesn't spread, U.S. News and World Report, July 15, 2007
http://www.usnews.com/usnews/biztech/articles/070715/23subprime.htm

U.S. dollar facing imminent collapse? WorldNetDaily, December 10, 2006
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311

USA Today report: Real federal deficit 3.5 trillion, Newsmax, August 3, 2006
http://www.newsmax.com/archives/articles/2006/8/3/123820.shtml?s=lh

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Your names have been written in Heaven… "It is not by accident that you are called by My Mother, for your names have been written in Heaven.... But with this great grace you have great responsibility to send this Message from Heaven throughout the world, for if you are able to recover just one more for Heaven, an additional star shall be placed in your crown." - Jesus, August 5, 1975

A great obligation to go forward... "It is not by accident that you are called by My Mother, for it is by merit and the prayers that have risen to Heaven for your salvation.  For those who have received the grace to hear the Message from Heaven, you have a great obligation to go forward and bring this Message to your brothers and sisters.  Do not expect a rest upon your earth, for you will have eternal rest very soon." - Jesus, June 12, 1976

The sin of omission...  "The sin of omission shall condemn many to hell, be they layman or Hierarchy.  I repeat:  not the sin of commission, but the sin of omission will commit many to hell."  Our Lady of the Roses,  October 6, 1980

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