GOLD IN THE GRAND CANYON?
A friend told me about a large deposit of gold found in the Grand Canyon many years ago. He said that the President had mining operations terminated to protect the value of American currency from devaluation as the amount of gold would multiply.
Since I had never heard of anything like this, I did a few searches on my computer. The first thing I found was a post sporting a photocopy of a NY Times article dated 1912, and titled, “TELL OF VAST RICHES IN THE GRAND CANYON.”
https://www.roadtoroota.com/public/New_York_Times_Grand_Canyon_Gold.cfm
There was also a link to a REDDIT discussion of “Massive Gold Deposits Found in the Grand Canyon.
Someone was obviously trying to confirm, or discredit the same rumor that I was looking into. They asked, “Any truth to this story?”
Someone answered, “LOL, no. Don't waste your time in conspiracy theory swamps.”
https://www.reddit.com/r/investing/comments/5z6z8j/massive_gold_deposits_found_in_the_grand_canyon/
I am not so easily deterred from my investigation, so I searched NYT’s archives for 1912 where I found an article by the exact title that roadtoroota had shown a photocopy of, New York Times archives. I will not pay a subscription to NYTimes to read the article, but the “roadtoroota” photocopy was confirmed, and the text is right there for all to read, free. I read it.
I don’t often believe anything the NYTimes have to say, but this does make me think.
The fact is that concept that gave birth to the Federal Reserve was hatched on Jekyll Island, GA, in the year 1910, three years before the “ratification” of the Federal Reserve Act.
This NYTimes article appeared roughly one year earlier. It has been said that President Wilson feared that such a large increase in gold would devalue American currency. This may well have been something that he said, but it is illogical.
Gold has intrinsic value. Its worth is not assigned, (as the worth of the Federal Reserve notes is,) gold has been deemed valuable for thousands of years, by societies throughout the globe. Every ounce of gold found and refined could be held in reserve for Federal Reserve notes, (or dollar bills.)
There must have been another reason for forbidding the mining of this reportedly vast deposit of gold. I have my suspicions.
The fact is, nearly one year later, this same president signed an unconstitutional bill into law, establishing the Federal Reserve, and making the FED the provider, and official regulator of the value of American currency.
From the very first “fractional” reserve printing of currency, (made possible by the policies of the FED,) our money has been devalued by inflation. Inflation has never been reduced. No value has ever been restored to our money, it continues to lose value as more denominations are “created.” The only way our money could ever increase is to reduce the number of dollars in circulation. This has NEVER happened, not once.
Economists speak of regulating the value of American currency as though when the FED “prints” trillions of dollars, it goes into the economy and is “sucked back” into the FED through rising interest rates, and other financial market manipulations.
However, the number of dollars in circulation is never reduced. If these dollars are “sucked in,” how is the number of dollars in circulation not reduced?
The truth is, the “powers that be” know that Americans regard them as “the experts,” and lack the confidence to call BS on these self-professed “experts.” So they continue to lie, and plunder their neighbors, stealing from the poor and “middle-class” to increase the riches of the rich and powerful.
We must return our nation’s money to the gold standard. The experts will fight this effort with every dollar of their ill-gotten riches, and with every ounce of their political power, but the Constitution is on our side. If the American people insist on restoring our government to the Constitution, we will win, because, in the words constantly misused by President Barak Obama, “it’s the right thing to do.”
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God bless you, Dave
“Duty is ours, results are God’s” John Quincy Adams
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