Audio
Letter #59
Hello, my friends, this is Dr. Beter. Today is October 31, 1980, and
this is my AUDIO LETTER® No. 59.
Earlier this month millions of baseball fans were preoccupied with
the World Series. The World Series is always great fun with plenty
of excitement and suspense right to the end; and even if your team
loses, it’s not so bad. There’s always next year. Now you and I are
caught up in a “world series” of a different sort. Ours is a series
of battles to determine what sort of world we will leave to our
children, and there will be no rematch next year! If we strike out
now, the game is over, so we need to keep swinging until we finally
hit that home run we need in order to win.
My three special topics this month are:
-
Topic #1 - THE IRAN
HOSTAGE RELEASE PLAN FOR WAR
-
Topic #2 - SENATOR
WILLIAM PROXMIRE AND “ACTION STEP 4”
-
Topic #3 - “ACTION STEP
5” ON A NEW BATTLE FRONT.
Topic #1
- During this month of October 1980
three issues have dominated the news here in the United States. One
has been the continuing war between Iraq and Iran. That has been
overshadowed in turn by sudden new rumors about a possible release
of our hostages in Iran. And the third issue, riding the waves of
other events, has been the up-coming election. These three on-going
news stories are all related, and in turn they all reflect a fierce
struggle behind the scenes among three (3) different power groups.
One group is that of the Satanic Bolsheviks who now control the
United States government. Another group is that of the Rockefeller
Oil Cartel now under the control of John J. McCloy. And the third
power center is in the Soviet Union whose rulers today are in a
battle to the death against the Satanic Bolsheviks. The primary
actors right now are the Bolsheviks and the McCloy Oil Group. It is
they who have done most of the maneuvering in the Iraq-Iran war, in
the hostage release rumors, and in the election build-up. But in all
three areas, Russian agents have been joining the fray too. Wherever
possible they are trying to interfere with Bolshevik plans even if
that helps Big Oil temporarily.
For most Americans, the rumors about a possible hostage release have
become a central issue in recent days. It seems to have sprung from
the Iraq-Iran war and talk of trading spare parts to Iran for the
hostages. And the prospects for a hostage release are also being
watched for their effect on our national election. And so after
nearly one year, the Iran hostages are again on center stage. And
now as then, my friends, the real stakes in the Iran hostage issue
involve the danger of thermonuclear war.
Last month in AUDIO LETTER No. 58 I explained how the Iraq-Iran war
was triggered. It involved a huge bribe to Iraq engineered by the
Rockefeller Oil Cartel, and it was paid in gold - $8,000,000,000
worth of gold! This was part of the very gold which was stolen years
ago from the United States Treasury Depositories. The goal of Big
Oil is the one I explained last month. They want to finish what they
started by their overthrow of the late Shah of Iran. They want to
retake control over Iran with its oil riches on new and more
profitable terms, and to do that they want to topple the so-called
Khomeini regime one way or another. The war with Iraq is supposed to
begin that process, but Iran is not the only arena in which the
crumbling Rockefeller Cartel is trying to reassert itself.
It’s happening also right here in the United States. All of the old
faces from the heyday of Rockefeller power under the
Nixon Administration are clustered together right now under the
Republican banner. The ghost of Nelson Rockefeller is grasping for
the White House once again. Meanwhile the Bolsheviks who have seized
control of the United States government have no intention of letting
go, and the easiest way for them to retain control is simply to keep
the same faces on the scene. And so the Bolsheviks here are doing
everything they can to prevent a change in the White House.
Last month I reported that the Rockefeller Big Oil Group had worked
hand in glove with this Bolshevik government in the Iraq-Iran war.
But here at home, the two are rivals. Last month I said that Big Oil
was only setting itself up for double-cross by the Bolsheviks; and
sure enough, this month the Bolshevik double-cross began to
materialize in the form of a sudden new hostage release plan. By
means of this one ploy, the Bolsheviks in the United States
Government were hoping to pull the rug out from under the
Rockefeller Oil Group, both in the Persian Gulf and in the election
here.
On October 6 the Republican campaign announced the formation of a
Special Advisory group. The group was said to be for the purpose of
watching for and planning against a so-called “October surprise.” It
was feared that something was about to happen to upset the apple
cart just before the election. The very next day, October 7, their
fears began to be realized. An independent presidential candidate,
Barry Commoner, announced that he had received a hostage release
proposal from Iran. It was turned over to the State Department, and
there began to be flurries of excitement. On October 9 the hostage
story warmed up some more. That day State Department spokesmen
stated that they were in contact with the hostages. Referring to the
top ranking hostage, Bruce Langdon, the spokesmen said, quote: “We
are in contact on a regular basis.”
The next item to build anticipation over the hostages came from
Norway. Norway, like Iran, is in the front lines of the Bolshevik
planning for a nuclear first strike at Russia. I reported that long
ago in AUDIO LETTER No. 37; and on October 10 a newspaper in Oslo,
Norway helped to move along this latest Bolshevik ploy. The
Norwegian newspaper quoted former Iranian Foreign Minister
Ghotbzadeh as saying that Iran should release the hostages
immediately. In the United States the excitement built up another
notch.
For the next week or so the Iran hostage release rumors were allowed
to simmer for a while. Then on October 17 Iran’s Prime Minister
Rajai provided the next excuse for heightened rumors. He appeared
before the United Nations Security Council where he bitterly
attacked the United States for helping Iraq in the war, but that was
downplayed in the news compared to other remarks Rajai made in a
news conference a day later. Under pressure of the war with Iraq,
Iran seemingly was looking for a way out of the hostage crisis.
The rush of rumors turned into a torrent after that, and on
Wednesday October 22 NBC Nightly News carried a sensational report.
It was said that there had been a “breakthrough” in the negotiation
over the hostages. Supposedly the Iranian Parliament was almost
certain to set conditions for the hostage release during debate on
Sunday, October 26, and that could be followed by the actual release
of the hostages as early as the next day.
Up to that point the Bolshevik planners had everything going their
way. By their calculations, the release of hostages on
that schedule would have guaranteed re-election of this Bolshevik
Administration, because the entire week preceding the election would
have been filled with news of the hostages. There would have been
the drama of the release itself, then for days stories of some of
the hostages coming home, others going to intermediate stopovers for
medical treatment. Stories of reunions, interviews of former
hostages and their families, special news reports to rehash it all.
And, my friends, if it had all gone as planned there would have been
euphoria here on election day 1980. Millions of formerly undecided
voters would have been caught up in the emotion of the moment, and
the Bolsheviks were certain that they would pull the lever marked
“Jimmy Carter” in the voting booth. It did not matter that cynicism
would set in later over the timing of the release. By then, the
election would have been over and the deed would have been done.
That was the Bolshevik plan of the United States Government, but
once again Russian agents are trying to intervene in an effort to
unravel these Bolshevik plans.
From the very beginning the hostage situation in Iran has been under
Bolshevik control, as I first revealed in AUDIO LETTER No. 52. But
the Bolsheviks do not exercise complete control over Iran, because
the Russians have also succeeded in establishing an important level
of influence in Iran nearly a year ago. In the present situation,
Bolshevik agents in Iran tried to stampede the Iranian Parliament
into the quick action they wanted. But Russian agents succeeded in
at least slowing down the stampede, and the Bolshevik timing was
delayed. So now even if the release of the hostages does take place
in one form or another, the effect on our election is less
predictable. A last minute release could even have a backlash effect
on voters due to cynicism, and so the election is now up for grabs.
It could easily go contrary to Bolshevik wishes. If it does, that
will be a setback for the Bolsheviks, mainly in terms of delay. They
will be forced to re-establish control over any new administration.
That will cost the Bolsheviks a little bit of valuable time in their
frenzy to set off NUCLEAR WAR ONE, and that is exactly why the
Russians want a change of administration simply to slow down the
Bolsheviks.
But I mentioned earlier that the hostage release ploy of the
Bolsheviks was set in motion for two (2) purposes. One was to
undermine the grab for the White House by the Rockefeller Big Oil
Group under the name of Ronald Reagan. That purpose depended
strongly on timing, and so has probably been ruined; but the other
purpose of a hostage release at this time is still on track. It is
part of the latest Bolshevik scenario to lead up to a nuclear first
strike against Russia.
The first step in this latest war plan was to set off the Iraq-Iran
war, as I mentioned last month. The Rockefeller Big Oil Group did
this, thinking they were starting the downfall of the Khomeini
regime; but the Bolsheviks here used it for another purpose instead.
Basically the Bolshevik United States Government is saying to Iran:
“Release the hostages and we will give you military help against
Iraq”, which is backed by Big Oil; and to get ready, a sizeable
Amphibious Attack Force of United States Marines is on the way. The
Force includes a helicopter carrier, landing craft, and some 1,800
Marines. It passed through the Suez Canal very quietly on October 27
heading for the Persian Gulf. The tactics keep changing but the
strategy is always the same.
Lately our fears have been stoked up over Russian designs on the
Middle East and Persian Gulf. First Russia was given a black eye by
its past ties with Iraq when Iraq invaded Iran. Now we are hearing
about Russian overtures to Iran by supplying certain war needs. And
in the midst of it all is the hostage release ploy. The Bolsheviks
here are trying to set the stage for a massive American military
return to Iran. If the plan succeeds, it will be as I described it
long ago in AUDIO LETTER No. 37, and I quote:
“The American public will demand
that it is time to stand up to Russia, and with full public
support American troops and weapons will pour into Iran. From
that point onward the outbreak of NUCLEAR WAR ONE will be all
but impossible for the public to follow by way of the so-called
news.”
(End of my quotation from AUDIO LETTER
No. 37.) The Russians know what is afoot and they are trying to ruin
the plan. In this case, that means trying to spoil the hostage
release negotiations altogether. Up to now Russian agents in Iran
have succeeded in spoiling the timing of a hostage release, and they
are still at work as I say these words on October 31, hoping to
prevent the hostages from being released at this time. If they
succeed, it will be the fourth time during 1980 that nuclear war has
been averted. Even so, the Bolsheviks who have taken over our
government never rest.
By the time you hear this, the election will be past and the matter
of the hostages may have been decided, but the Bolsheviks already
have another serious crisis building up in Poland. For two years now
the Bolsheviks have been trying to create an explosion in Poland.
The first plan was the one for a Pope’s Revolution, as it would have
been known. I described that plan in detail in AUDIO LETTER No. 42;
but just as in the present hostage release ploy, timing was critical
to the Pope’s Revolution plan; and the Russians were able to spoil
the plan by changing the timing of the Pope’s visit to Poland. But
now the Bolsheviks have a new weapon of destruction in Poland. It is
the so-called “Independent Trade Union” movement. It has been given
the old Bolshevik name “Solidarity”, but its real purpose is not
solidarity but division, turmoil, and revolution. Two months ago the
new rulers in the Kremlin defused the confrontations then brewing by
approving major concessions to the strikers. Now many of the Polish
workers want to take a breather to consolidate their gains, but the
Bolsheviks did not create the new Labor movement for that purpose.
Instead there are new and bigger
demands, spreading agitation, and threats of a new major strike. So
now Poland’s borders with Russia, East Germany, and Czechoslovakia
are slowly being sealed off. Large concentrations of Russian troops
are now poised along the border in Russia and East Germany. The
Polish workers, having been used as pawns, may soon lose everything;
but those who have used them, the Bolsheviks, may well get
everything they want—revolution, strife, and bloodshed. If that
happens, my friends, it may be the last straw for the leaders in the
Kremlin. Last month I reported that Russia had begun making feverish
preparations to be able to decimate New York City by means of
geophysical warfare. I can now report that these preparations also
extend in more limited form northward into New England.
There is a little known but major fault that runs along the east
coast, partly offshore, partly on land, and Russian cobalt bombs for
earthquake generation have now been planted in eight (8) areas along
this fault in the Northeast. These locations
respectively are: south of Providence, Rhode Island; south of
Norwich, Connecticut; several near Hartford, Connecticut; near
New Haven, Connecticut; south of Springfield, Massachusetts; and
near Northampton and New Bedford, Massachusetts. But it is still New
York City that is now subject to the greatest devastation by far.
The reason, as I explained last month, is that New York is the
headquarters city of the Bolsheviks here in America. Right now the
Bolsheviks are trying to see to it that Russia has her hands full
due to revolution in Poland; but if that happens, the Bolsheviks
here will also have their hands full. They may well find themselves
picking through the smoking rubble of that ruined headquarters city
because, my friends, at last report there are now 85
earthquake-producing cobalt bombs buried beneath the waters around
New York City.
Topic #2
- For several months now I have been
offering you my step by step answers to the question, “What can I
do?” I began doing this because more and more of you were asking me
to do it. You had started telling me that you were no longer
satisfied just to watch and listen as our crises multiply; instead
the time has come for action—now or never.
In AUDIO LETTER No. 56 last July I said that what we must do is to
wage PREVENTIVE war. Ours is a war of truth to head off nuclear war.
Our strategy is to take away the gold weapon which our enemies
within are using against us; and by revealing the truth about the
theft of America’s gold supplies, the gold weapon will become our
very own. This is the only way, my friends, we can seize a weapon
big enough to halt our betrayal into national suicide.
The first battle front in our preventive war is our campaign
directed at Senator William Proxmire, and we must continue what we
have started along those lines. But up to now Senator Proxmire has
been conspicuous by his failure to take meaningful action, so this
month we are about to open up a second front in our preventive war.
It lies totally outside Proxmire’s control yet could also increase
the pressure for him to act. I will go into all that in Topic #3,
but for now I want to concentrate on our direct campaign with
Senator Proxmire. For more than two months now many of you have been
showering Senator Proxmire with letters. As I have suggested, you
have demanded that he open up a full, public investigation of
America’s gold reserves. Ultimately there will have to be a complete
physical inventory of our gold, if there is any left. My friends, in
any campaign like this, every effort is always made to make you feel
isolated; but if you think you are alone in your concern about our
missing gold, think again. To give you an example of what I mean, I
have an important letter to read to you. It was written to Senator
Proxmire early this month on October 2. The writer is a very astute
businessman in Proxmire’s home state of Wisconsin. What’s more, he’s
a man who knows Proxmire socially; but wait until you hear what he
thinks about the situation. He sent a copy of his letter to my dear
friend Mr. Edward Durell. He gave permission to make it public if
desired, and Mr. Durell provided me with a copy. I will now read it
to you:
“Dear Bill,
Mr. Edward Durell, a close friend of mine, has sent me a copy of
his letter to you of September 5, 1980. The crux of the letter
asks that you demand an inventory of the nation’s gold reserves.
I have written to you on this subject myself more than once. The
reluctance of the Treasury Department to provide a sensible
answer to this basic and simple question appears to indicate
that the present real value of the Treasury’s gold reserve might
represent the ultimate ‘Golden Fleece.’
The inventory practices which the Treasury is currently using
would not be accepted by any public accounting firm nor by any
corporate management I know of. It is elementary that the nation
know what its gold reserve is; and the fact that no action is
taken to take a physical inventory, as would be required by
generally accepted accounting standards, makes the United States
Gold Reserve an open question around the world. I have
personally heard this question raised by financial people in
both London and Zurich, and of course many times in the United
States. As Chairman of the Senate Banking Committee, this is
certainly one of your responsibilities. It seems strange that
you do not take a determined action on this question which is so
much more important than the many other incidents of waste which
you have pursued with vigor.
Sincerely, “ and there follows the signature of the writer.
My friends, the letter I’ve just read to
you represents the thinking of more and more highly informed
business and financial people, so don’t let anyone bluff you into
thinking otherwise. Now let me return to your own letter-writing
campaign. By now you should have received at least one reply from
Senator Proxmire. Some of you have received two replies by now. The
first wave of letters to Proxmire in August produced a computerized
form letter, which I quoted last month. Proxmire began sending that
letter to people in late August. In the letter Proxmire passed the
buck to the Treasury itself. Supposedly he asked the Treasury’s
Inspector General for a report about a specific missing shipment of
gold. This was the mystery shipment of January 20, 1965 from Fort
Knox. It was a shipment worth more than a billion dollars - 1000
million dollars—at today’s prices; and it was admitted in writing
five years ago by Mrs. Mary Brooks, then Director of the United
States Mint. Yet it was listed nowhere on the official Treasury
listing of shipments from Fort Knox.
Now the time has come to ask a new question, my friends, and that
is:
“Whatever happened to that promised
report by the Treasury Inspector General?”
After all, you’ve been writing to
Senator Proxmire since mid August. I hope that you’ve been keeping a
file of all your correspondence to and from Senator Proxmire,
because now it’s time to write your most important letter yet to
Senator Proxmire; and if you can refer back to the date of your
first letter, it will increase the impact of this letter. If you
have not been keeping a file as I urged you to do, then just do the
best you can on this letter; but please do start now to keep a file
in a folder or in a manila envelope. As time goes on, this will
become more and more important. By the way, if you have not written
before but want to write this time, by all means please do so. Make
whatever changes you need to in the model letter I’m about to
suggest, to fit your own situation, and send your letter to:
Senator William Proxmire
Senate Office Bldg., Washington, D.C.
Now here’s what I suggest as a starting point for your newest
letter to Senator Proxmire:
“Dear Senator Proxmire,
For several months now I’ve been writing to you to urge that you
open a full, public investigation of America’s gold supplies. I
first wrote you about this urgent matter on (date so and so).
In reply you promised as a first step to obtain a report about
one matter from the Treasury Inspector General. This matter was
the missing gold shipment on January 20, 1965 from Fort Knox. I
have also written you more recently on this over-all subject,
but up to now your replies continue to say that you have
requested a report, not that you have received one; so I now
ask:
‘Have you received the report
you said you requested from the Treasury Inspector General
over two months ago? If so, then I request that I be
furnished a copy promptly. But if not, then why not after so
long a time? If it takes over two months for the Treasury to
figure out what happened to a billion dollars worth of gold,
then something is very wrong. And something is also very
wrong if you are content to accept silence about so vital a
matter.’
Once again, I urge you to open up a
full, public investigation into the condition of America’s gold
supplies without further delay. And more and more of my friends
and neighbors are beginning to agree—that is the message of the
additional signatures at the end of this letter.”
After signing your letter, then get
everyone else you can to add their signature below yours, just
signatures of anyone who agrees that your question deserves an
answer. Even if only two or three friends will add their signatures
below yours, it will help. Every name counts. Use your influence.
Before, Proxmire was receiving letters; now he will begin to see
petitions, petitions, and more petitions. And, my friends, so will
other certain very important people!
After you have collected all the signatures you can, please make a
generous supply of photo copies before mailing the original to
Proxmire, because copies of this latest letter to Senator Proxmire
will be a weapon you can begin using for other purposes, and we will
use them right away as we open up the second front in our Preventive
War to SAVE AMERICA.
Topic #3
- As you probably know, America’s
currency is not issued by the Treasury but by the “Federal Reserve
System.” If you look at a dollar bill you will see the words:
“Federal Reserve Note.” In banking terms, a Note is an I.O.U.—a
promise to pay something; and it’s the Federal Reserve System, not
the United States Government itself, that issues these I.O.U.s which
we use as currency. They’re printed by the United States Government
Mint for the Federal Reserve System for a small fee. In effect, the
United States Mint, a branch of the Treasury Department, serves as a
mere print shop for the Federal Reserve System. Many people assume
that the Federal Reserve System is a Government agency, which IT IS
NOT. It is purely a privately-owned Central Banking System! What
I’ve just said is essential to understand. It’s the key to our
opening up the Second Front in our Preventive War to Save America.
So before I go on, I want to say a few more words about the purely
private nature of the so-called “Federal Reserve System.” I realize
that for some of you what I will say will be review. You’ve already
studied the Federal Reserve System yourself and know that it is a
private corporation, but my mail indicates that many of my newer
listeners are not aware of this.
It’s not surprising that so many people believe the Federal Reserve
System to be a Government agency. From its very
beginning in 1913, the Federal Reserve has always presented a false
governmental image. To begin with, its creation in 1913
required an act of Congress; but that was not because Congress was
authorizing a new Government agency. Instead, it was because
Congress was abdicating its CONSTITUTIONAL duty to create and issue
the nation’s money! In effect, Congress gave a Federal Corporate
Charter to the new privately-owned Central Banking System. In turn,
that system was given the name “Federal Reserve System.”
There were many Americans in those days who were bitterly opposed to
the creation of a private Central Bank. They believed that the
creation and control of our money should be left in the hands of the
Government—not a private corporation. Others believed that private
control of our money would not be so bad if it were dispersed. What
these critics opposed was concentrating our money control in just
one bank.
To silence these critics, the architects of the new private Central
Bank for America did two (2) things. The first had to do with the
Board of Directors of the System as a whole, which they call a
“Board of Governors” because it sounds better. They agree to allow
the Chairman of the Board to be a presidential appointee; and just
for good measure, they agree to let the appointment be subject to
confirmation by Congress. The other maneuver by the Federal Reserve
architects of 1913 was to abandon the idea of a single Central Bank.
Instead they created a system of 12 banks scattered across the
United States. That gave the image of a diffusion of control over
America’s money; but actually that, too, was only for show purposes
to silence the critics. All of the real action in the Federal
Reserve System takes place within the Federal Reserve Bank of New
York. The other 11 Regional banks just follow the lead of the New
York Bank. They have power but rarely use it, and so in effect the
Federal Reserve Bank of New York is the real Central Bank of the
United States.
The governmental cloak that seems to surround the Federal Reserve
System is actually very thin, but it’s enough to mislead most
people, because they do not look close enough. For example, people
often assume that the word “Federal” is a sign that the Federal
Reserve System is a government agency; but as Abraham Lincoln once
said in a famous court case: “A flower does not become a rose just
because I call it a rose.” And the Federal Reserve System is not a
government agency just because of its name. If you will look around
you, you will see many private companies that use the word “Federal”
in their names. For example, there is even an air freight company
called “Federal Express”, but of course Federal Express is not a
government agency. It’s a private company, with private
stockholders. The real criterion as to whether an entity is public
or private is that of ownership; and by that criterion the 12
Federal Reserve Banks are totally and unmistakably private
corporations.
They issue stock like any other private
corporation; and, my friends, the United States Government does not
own one penny’s worth of Federal Reserve stock. Even the buildings
which house the Federal Reserve Banks and the land which they occupy
are privately owned. They pay local real estate taxes thereon. That
is even true of the building here in Washington where the Federal
Reserve Board of Governors meet. Employees are not governed by Civil
Service rules like the Government employees. The President of the
United States rubber-stamps each new Federal Reserve Board Chairman
as if he were a public official; but the minute he is confirmed, the
Chairman of the Federal Reserve Board passes through private doors,
and behind those doors the private Federal Reserve System does
exactly as it pleases, issuing or withholding money and credit at
will.
Federal Reserve stock is issued only to banks, which in turn are
controlled by other powerful private interests. Banks which own this
stock are called “Member Banks.” Your own bank may be a member. If
it is, your bank has paid money into the Federal Reserve in two
forms. One form is ownership of Federal Reserve stock. This bears
interest in the form of dividends of only 6%. But also, your bank is
required to turn over a certain percentage of its own deposits to
the Federal Reserve Bank in your district. Those deposits, called
“Reserve deposits”, bear no interest to your bank. Even so, Member
Banks of the Federal Reserve System do receive certain services and
advantages from membership, but they are also burdened and
restricted in important ways. As a result, more and more banks have
been withdrawing as members of the Federal Reserve System. Smaller
banks especially have been pulling out for a breath of fresh air.
Like any monopoly threatened with competition, the Federal Reserve
money monopoly panicked. The “Fed” generally ignores Congress except
when faced with trouble.
When trouble does flare up, the “Fed” always runs to Congress for
help. Most of all, they count upon a favorable hearing from the
Banking Committees of the Senate and House; and the Wisconsin
twins—Senator William Proxmire and Congressman Henry Reuss—never
fail to oblige. And so earlier this year, Congress passed a new law
to rescue the Federal Reserve—a sort of a Union shop for banks. It
requires even non-member banks to place interest-free deposits with
the Federal Reserve System. What is more, it creates a bureaucratic
nightmare for all small banks. As usual, the little guy is being
squeezed out in favor of big money. The alleged excuse for this new
Act is that it’s needed to promote financial soundness of our
nation’s banking system. The argument is very simple. Supposedly,
the new law is to help guarantee the safety of the underlying assets
of your bank. Your bank is now forced to place a fraction of its
assets in the Regional Federal Reserve Bank. Your bank cannot use
those funds, and so we are told it cannot lose them.
But now, my friends, consider this. The Federal Reserve Banks are
themselves claiming to have assets they do not have—gold assets. So
your bank stands to lose everything that it deposits in the Federal
Reserve Bank. And, of course, if your bank loses everything, so do
you! You have the option of either making or not making deposits to
your bank, but your banker no longer has any such option. He is
forced to be a depositor to the Federal Reserve Bank in your region,
and the Federal Reserve Bank does not have part of the assets it
claims to have; because, my friends, the monetary gold hoard of the
United States is not owned by the United States Treasury. Instead,
title to the gold has belonged to the Federal Reserve System since
1934. The Treasury is only the custodian while the Federal Reserve
Banks are the title owners, and they are now owners of gold that is
long gone.
They are claiming assets that do not
exist. Every Saturday the New York Times publishes the abbreviated,
unaudited financial statement of the Federal Reserve System. Almost
all of the assets boil down to nothing but paper, with one major
exception. That is the item titled “Gold Stock.” The current value
listed is slightly over $11,000,000,000 - that is 11,000 million
dollars, but that is at the meaningless official price of gold, a
little over $40 per ounce. The real value at current market prices
is closer to $200,000,000,000. That is the Federal Reserve “Gold
Stock” so called. It is by far the biggest asset of the Federal
Reserve Banks on paper. The quantity held by each bank varies, but
all 12 Regional Banks own portions of that Gold Stock.
My friends, America’s monetary gold hoard is often referred to as
the Treasury’s gold, but that is not correct. The Federal Reserve
Banks have title to the gold through their Gold Stock. The Treasury
only acts as a depository or custodian for the gold. For example:
The famous United States Bullion Depository at Fort Knox is really
just a giant safety deposit box. The owner of the gold is the
depositor, the Federal Reserve System. For my listeners in business,
financial and banking circles, I feel I should drive this point home
in one more way. You can see what I am saying if you will simply
compare the Balance Sheets of the Treasury and the Federal Reserve
System. First look at the Federal Reserve Balance Sheet. On the
Asset side you will see the Gold Stock item, formerly called “Gold
Certificates.” To be concrete, for example, on October 22, 1980, the
Gold Stock value was listed as $11,165,000,000. Now look at the
Treasury Balance Sheet for that day. You will find the same figure,
but on the Liability side. So the Federal Reserve is a creditor with
regard to the gold, and the Treasury is a debtor—that is, the
Federal Reserve is the depositor of the gold while the Treasury is
only the custodian.
My friends, I realize that all this may be rather involved, but also
it is vitally important because the facts I have been discussing
provide the basis for our second avenue of action to try to SAVE
AMERICA. I want to make these details available to you so that you
can refer back to them from time to time; but let me recap the basic
points to remember:
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First, and very important. The
Federal Reserve System is a private Central Banking System. It
is not an agency of the United States Government.
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Second: The owner of America’s
monetary gold hoard since 1934 has been the Federal Reserve
System; and the gold, carried as “Gold Stock”, is by far the
largest asset claimed by the Federal Reserve Banks.
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Third: The United States Treasury
does not own this alleged monetary gold. Instead, the Treasury
acts only as a custodian for the Federal Reserve gold.
My friends, the soundness of America’s
entire banking system is now tied directly to the Federal Reserve
System, and the Federal Reserve is counting assets that it does not
have—gold assets. The gold has been spirited away from Fort Knox and
other Treasury Bullion depositories.
It is in your financial interest to make sure that your bank
deposits are safe. It is in the interest of your banker to make sure
that his deposits with the “Fed” are safe; and all other things
being equal, it’s in the interest of the “Fed” to make sure that its
giant gold deposits with the Treasury are safe and sound.
So I am now ready to suggest what we can start doing through the
banking system itself. To begin with, please go to your bank to
obtain some information. The information you need concerns the
Federal Reserve Bank which serves your region. There are 12 Federal
Reserve Banks located respectively in: New York, Boston,
Philadelphia, Richmond, Atlanta, Cleveland, Chicago, Minneapolis,
St. Louis, Kansas City, Dallas, and San Francisco. Find out which
one of these is the one which banks in your Region deal with, and
find out its address. In addition, find out the name of the
President of that Federal Reserve Bank and the names of every one on
the Board of Directors.
My friends, you will no doubt have to speak to a bank officer to
obtain all this information, and that’s good. Speak to the highest
officer you can in your bank, because when you ask for all those
details about the Federal Reserve Bank in your Region you’re likely
to raise some eyebrows. Hardly anyone ever comes in with a question
like this. If he asks why you want the information, tell him you
intend to write some letters and will be glad to give him a copy.
Make it clear though that you are not writing the Federal Reserve to
complain about your own bank. You should have no difficulty in
getting the address of your Regional Federal Reserve Bank and the
names of its President and Directors. In the unlikely event, my
friends, that you do encounter any resistance, just keep in mind
that you have a legal right to this information. As a depositor, you
are a creditor of your bank, which in turn is a creditor of the
Federal Reserve Bank; and both you and your bank have the right to
seek assurances that your money is safe.
Once you have this information, what you should do next depends on
where you are. If your banking Region is served by any Federal
Reserve Bank except the NEW YORK Federal Reserve Bank, then it is
time to write some more letters. But the New York Federal Reserve
Bank is a special case. If that is the one which serves your Region,
do not write any letters at this time.
WRITE NO LETTERS TO THE NEW YORK FEDERAL RESERVE BANK—just hold on
to the information you have obtained about its address and
Directors.
Now here is what to do if your Region is served by any of the other
eleven (11) Federal Reserve Banks which I listed earlier. I urge you
to write a letter to the President of the Federal Reserve Bank and
also to each of its Directors. I realize this is a lot of work, my
friends, but nothing less than our survival is at stake. We cannot
cut corners. Every letter should be typed or written separately in
order to have a personal impact, but it’s all right to use the same
wording to the President and each of the Directors.
To get you started, here’s the outline of what I suggest you write.
As in the past, feel free to modify the wording to fit your own
concerns and your own way of expressing things. That will help to
personalize and vary the letters they will be receiving. Other
listeners, after all, will be writing to them too; but whatever you
do be sure to refer to Senator Proxmire, as you will hear in a
moment. Address each letter to:
President, or Director
Federal Reserve Bank (of whatever city) at the Federal Reserve
Bank address.
“Dear (so and so):
I am writing to you because of my declining confidence in the
banking system of the United States. I am one of a growing
number of people with similar concerns. As a key official in the
banking life of our nation, my hope is that you will take action
to help restore confidence before it is too late. To illustrate
my growing concerns, I’m enclosing a photo copy of a letter
which I sent recently to Senator William Proxmire.
As Chairman of the Senate Banking Committee, Senator Proxmire
should be able to reassure the public about banking matters, but
my correspondence with Senator Proxmire for several months has
had the opposite effect. Instead of reassuring me, Senator
Proxmire’s replies to serious questions are alarming me; and as
I discuss this with all my friends and neighbors, they too are
becoming more and more worried.
Since Senator Proxmire is only managing to reduce confidence in
our banks by his behavior, I believe that I should turn to you
for help. If elected representatives will not do their duty,
perhaps responsible banking officials will. My basic concern is
one which I believe you, as a Federal Reserve official, should
share. I believe that the United States Treasury has been
negligent or even worse in acting as custodian of the Federal
Reserve gold.
Like many other people, I am
convinced that it is time for a physical inventory of the gold
stocks in Federal Depositories. There may be little or no gold
left at all. If the Treasury has defaulted on its obligation to
protect the Federal Reserve gold, we are in deep trouble indeed
as a nation; and the Federal Reserve System is counting assets
listed as gold stocks which do not exist.
As a concerned citizen and bank depositor, I appeal to you for
help. I respectfully urge you to use your authority to press for
a physical inventory of the Federal Reserve gold in Treasury
vaults. There is no other way to stop the spreading doubts about
America’s entire banking system.”
(End of letter, followed of course
by your signature.)
My friends, now you know why I suggested
that you make a supply of good photo copies of your next letter to
Senator Proxmire. You will want to enclose a photo copy of your
Proxmire letter with each letter to a Federal Reserve President and
Director. By doing this, my friends, we can accomplish two things at
once. For one thing, Federal Reserve System officials all across
America may become a little perturbed at Senator Proxmire. They will
not be pleased to hear that Proxmire is alarming you and others by
his behavior. If even one Federal Reserve official should write a
note of displeasure to Proxmire, it will have its impact.
But aside from Proxmire himself, we are beginning to open up a whole
new avenue of action through the banks. For one thing, action could
take place through the Federal Reserve System itself to inventory
the gold because, as I explained earlier, 11 of the 12 banks were
originally intended for show, but they do have power. The New York
Federal Reserve Bank is now tightly controlled by the Bolsheviks who
want to destroy America, but the other 11 Banks are another matter.
Their Directors are indoctrinated basically to follow the lead of
New York. For the most part they are not given the inside track
about the most secret plans, and so they could decide to flex their
muscles in ways contrary to the wishes of the New York Bank.
Specifically, they could decide that a gold inventory is a good
idea, and they could help make it happen, my friends.
At still another level, be sure to give your banker copies of your
latest letter to Proxmire and to the Regional Federal Reserve
President and Directors; because your banker, like you, has a
tremendous stake in all of this. And even the American Bankers
Association should press the Federal Reserve System to look into
this question. They should demand that the 12 Regional Bank
Presidents raise this question with the Board of Governors of the
Federal Reserve System here in Washington.
My friends, I realize that all this is hard to digest at one
hearing, so I urge you to listen to it over and over again if you
need to until it all begins to sink in; because this is only the
beginning of our battle on a powerful new Second Front, and the key
to it all is the private corporation known as the “Federal
Reserve System.”
Now it’s time to give you my last minute summary. In this AUDIO
LETTER I’ve tried to alert you to some of the latest battle fronts
which are involved in the secret war now raging. During this month
of October 1980 there have been all kinds of rumors that our
hostages in Iran may soon be released. In Topic #1, I reported to
you how this came about, and why. It was set in motion partly for
reasons related to our national election four days from now. But
even more importantly, the release of our hostages right now is
intended to be one step on the path to nuclear war. The Russians
know this and want to avoid becoming the targets of a
Bolshevik-triggered American first strike, and so Russian agents in
Iran are trying hard to stop the preparations for a release of our
hostages at this time. But even if this crisis should fizzle out,
others are being set in motion to take its place. One of these is
already on the horizon in Poland. If full scale revolution should
erupt there, the Russians are prepared to retaliate by means of
geophysical warfare.
The true capital city of the Bolsheviks—New York City—may very well
suffer a massive earthquake. According to my last
minute reports, other geophysical warfare preparations are also
continuing. In AUDIO LETTER No. 55 I described how Russian
geophysical warfare techniques triggered the explosion of Mount St.
Helens last May. The final step in the process involved a squadron
of Cosmospheres firing their Charged Particle Beam weapons from
overhead. And as of October 26, squadrons of four (4) Cosmospheres
each were on station over several volcanicmountains of the
Northwest. These are: Mount St. Helens, Mount Adams, Glacier Peak,
and Mount Rainier. There is also a single Cosmosphere, purely for
observation, stationed high above Mount Hood.
My friends, the warring factions of the Bolsheviks, Big Oil, and the
Russians are bringing us closer and closer to open all-out war. They
are attacking and counterattacking on many fronts; and if you want
to stop our downward slide into catastrophe, we too must take action
on many fronts. The TRUTH is a powerful weapon, and we must use it
in every way we can.
Month by month I am trying to bring
avenues for action to your attention; and because more and more of
you are taking action, I believe there is a glimmer of hope for
America. Last month, for example, many of you did succeed in getting
LETTERS TO THE EDITOR published. Even the Washington Star published
one of them and gave it the headline “WHERE IS OUR GOLD?”
What we are trying to do together, my friends, can be learned in
only one way and that is by doing it. I know it is not easy, but so
far I believe you are doing a magnificent job, and I thank you.
Until next month, God willing, this is Dr. Beter. Thank you, and may
God bless each and every one of you.
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