Why is the fallacy promoted that only around one hundred and eighty-seven thousand (187,000) tons of gold has been mined?
The fallacy is promoted for two principle reasons:
Firstly, if the world was told that there was far more gold than the 187,000 tons, there would never have been any cause or need for President Nixon to announce the exit from the Gold Standard. The exit from the Gold Standard was necessary to allow the entry of the debt-based FIAT currency system, which is in the process of bringing about the world economic collapse of the US dollar and many other currencies.
Here are some interesting articles on the exit from the Gold Standard:
- Nixon Ends Convertibility of U.S. Dollars to Gold and Announces Wage/Price Controls
- Today in 1971: President Nixon Closes the Gold Window
- Nixon and the End of the Bretton Woods System, 1971–1973
Secondly, it could be said that the elite and many governments around the world do not wish all Sovereign Individuals to find the TRUTH about the real nature and ownership of God’s Gold.
In an Article entitled “The Case for Gold” the whole issue of Gold’s Intrinsic Value, the scarcity of gold and Gold’s appreciation in value against all currencies is clearly addressed.
The article also addresses the Risk of a Systemic Collapse of all Fiat Currencies as follows:
However, if the injustices and perils inherent in the current monetary system tilt the scales of divine justice, a catastrophic collapse looms over the banking system.
In response, Yahweh’s Gold Bank (“YGB“) is in the process of establishing a parallel gold-backed monetary system for the Filipino people, sanctified unto Yahweh. This sanctuary offers refuge under God’s protective embrace in the event of a cataclysmic demise of debt-based fiat currencies, halting global commerce in its tracks.
Just as desert wells conceal vast underground rivers that supply it with an unlimited supply of water, God ensures an unfailing supply of gold to those who seek refuge in Him amidst the trials ahead.