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Dec. 8, 1995 - Bill Cooper
59:50
Frank Marzullo – Gold & Silver
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The End
The End
I'm William Cooper, and you're listening to the Hour of the Time.
Well, you know, so many things are going on right now.
I really, really have a lot of things that are on my mind, but I'm going to save them for Monday.
There's one thing that you should be doing, though.
You should all be faxing, writing, calling the White House, because the bill just passed limiting or eliminating the ability to do
These late-term, what they call, partial live-birth abortions, where they literally take a child that's almost ready for a natural childbirth, cut into the back of its head after turning it around and pulling it three-quarters of the way out of the mother's body, suck the brains out of the baby's head, and claim that they're doing this to save the life of the mother.
I've talked to many physicians over the last few days, and I have done everything possible that I can do to find any medical condition that would call for this type of an abortion to save a mother's life.
And not one single medical expert can give me one single illness.
It's just clear-cut murder.
Bill Clinton's stance on abortion is that there should be no limitations.
It should be granted at the will of the requester.
And so there's a possibility he could veto this bill.
If he does, These murders will continue.
And that's exactly what it is.
There's no other name for it, ladies and gentlemen.
There's no other excuse for it.
Early term abortions where it's clearly done, or even late term abortions where it's really done, in order to save the mother's life, I have no problem with.
But this procedure is the most horrible, cruel, inhuman thing that I have ever heard of in my life.
And if you've been listening to this broadcast for very long, you know how much I love children.
So I'm going to please, and if I have to, I'll get down on my knees and beg you, sincerely, To do everything within your power to make sure that this bill is passed and signed into law by the President and stop this horrible murder of little children.
I'll be back in just a few seconds.
We're going to be talking with Frank Marzullo.
For the rest of this hour, our representative from Switzerland, America, Tracey.
Gee, but it's tough to be broke, kid.
It's not a joke, kid.
It's a curse.
My luck is changing, it sucks.
From simply rotten to something worse.
Who knows?
Someday I will win, too.
I'll begin to reach my prime.
Now, though I see what I'm in, all I can spend is just my time.
I can't give you anything but love.
Like me.
And that's the only thing I'd let you know.
Maybe.
Dream of us.
Be sure to find happiness.
And I guess all those things we've always been lying for.
I'd like to see you looking swell Baby, diamond bracelet Woolworths doesn't smell Baby, till that lucky day You know darn well Baby, I can't give you Anything but love
I can't give you Anything but love Baby, that's the only thing I'll tell you.
Baby, dream of what?
Dream of my baby.
You should have found a little brother.
Catch this.
And I get all those things that you know I'm fighting for.
Gee, I'd like to be looking smart, but where will they put it all?
Diamond plates, woodwork, just don't sell, no, they won't.
Well, folks, that was Ethel Waters from the 1930s.
I Can't Give You Anything to Love.
Well, folks, that was Ethel Waters from the 1930s.
I can't give you anything to love.
You're going to hear some real old stuff tonight that I've dug out of my repertoire of music.
All in honor of Frank's first visit to the broadcast.
Welcome, Frank.
Oh, thanks, John.
Glad to be aboard.
I've phoned into your program in the past on a few occasions.
I've been an avid listener for a long time.
Well, you know, you faxed me your bio and all of that kind of stuff, and I was going to give you a big rousing introduction, but, you know, the story is so interesting.
I would like for our listeners to hear it from your own lips.
How did you get into all of this and how did you get hooked into this broadcast and how did you get tied up with Swiss America Trading?
Well, it pretty much started when I moved out to Arizona.
I had grown up in Cleveland, Ohio.
Just your general labor type work in a very ugly city where you learn a lot about life and usually the wrong side of the track kind of stuff.
It's a hard lesson, but for the times that are coming up, it's a very good one.
I came out to Arizona.
I had done a lot of mountain climbing out in the West, so I used my abilities and got attached to a search and rescue for the county of Coconino, which got me tied up with a lot of deputies.
And just as a fluke, I ended up trying out for a position there, and I got it.
I went to the academy, did very well, second in my class, Honored to get all kinds of accolades.
Went back to my department.
Started really hitting the streets doing what I thought was a bang up job and what turned out to be a bang up job.
I started running into things that I didn't like.
It was rather disturbing.
The trends that I saw, the denials of certain things and I started learning some stuff about what is now referred to as the Patriot Community.
People that would be arrested and then all of a sudden they'd go to see the judge and they weren't around.
You'd talk to the sergeant.
Oh, you don't really know about that.
You're not going to deal with those kind of people.
Because one of the assignments I was looking to go for was down in Sedona where you really didn't have that.
But in the Flagstaff area there is, to this day, a very significant patriot group.
And quite a few sovereign citizens.
But they never really wanted to tell me what that was all about.
And as time progressed, I came into some certain situations where it's like, no, this is not as good.
At 8.50 an hour, I don't mind taking certain calculated risks.
But to go out there and have your life risked for stupidity and for politics was just untenable.
So I ended up going down to The Phoenix area, getting involved with a family business that subsequently had some fallings out with my brother and my father.
But then the whole Waco incident happened.
And I looked at that and was like, no.
This is wrong.
Something about this is seriously wrong.
I have a friend in federal law enforcement.
I was able to get one of the early copies of the affidavit and search warrant.
And just my academy background and the training that I've received, that affidavit did not even establish reasonable suspicion, let alone probable cause.
So this got me looking into some things and talking to some friends that got me listening to your program.
And like you pointed out, and I'm the consummate skeptic, check everything out.
So I spent a lot of time at the law library checking it out with the whole pale horse in my hand going through public law and matching things up.
Well, then Linda's march was announced.
And I was like, oh my goodness, this is going to be fun.
I didn't have anything to worry about financially, but my grandmother does.
So I went to her and I explained to her what's going on.
I said, Grandma, you need gold.
And she says, you're right, find out where I need to, you know, what I have to do.
So I did my checking in there, too.
Made the phone calls.
Didn't just run the Swiss America on your recommendation, but checked around and found out, yeah, you've done your homework on that one, too, and did the deal with Swiss America for my grandmother.
And while I was there, asked for work.
And they were gracious enough to give me a go at it, even though they didn't need anybody.
And I've been there for a year and a half now.
Well I think it's a great story and I think it's a great testimony and I think it's a great reflection of the reality of what I've learned of the reality of Craig Smith and Swiss American Trading.
And I think it's wonderful that you asked for the job and that he gave it to you even though he didn't need anybody and he usually doesn't.
But it was kind of like a lightning bolt.
The vet called Gene to take care of things and it just, boom, it just got voiced in my head.
Ask him for work.
And here, you know, I've learned a lot there.
I've been able to establish, this is the interesting thing about Swiss America, we have such a diversity of individuals down there.
We've got Harvey with his 30 years of stock experience.
We've got another individual with many years of precious metals experience in the international community.
We've got such a diverse group, not to mention the clients that come to us.
When you've got people from three-letter agencies buying gold, we get all kinds of interesting taxes every day.
And a lot of these things find their way on certain bulletin boards through me and others.
I get on Linda's bulletin board and a lot of stuff that is worthwhile gets up there.
We're able to do a lot of networking in Swiss America.
You know what I think is really good is that you started with him.
You've never done this before.
difference so we're more than just your precious metals brokerage firm we're out there on the front lines with everybody getting something done about what's happening that's right you know what I think is it's really good is that you started with him you've never done this before you're actually in the market because you had studied the situation and the economy as it stands and had decided that you have to do something to protect your family Exactly.
No.
And in the process, you got a job.
Exactly.
And what have you learned over the last year and a half?
I'm really curious about that.
Well, I've learned quite a bit from a political standpoint.
I've also done a lot of reading, a lot of the material that you recommend, Scarlet and the Beast, I just finished Holy Blood, Holy Grail.
Primarily what I'm looking to learn is the historical aspect and how death factions fight amongst themselves.
And what we can anticipate to occur.
But what's more important and what's interesting is the personal contacts we make.
Find out about the Bettencourt family of Latin America, which is in essence the Rothschilds of Latin America.
Right.
Okay, I've never heard that name before, so now here's something else to check out.
But the things that we've learned is it's getting extremely close to erupting.
It will indeed manifest itself through financial chaos, through fiscal calamity.
Now exactly what form that will take, it has been, that's open.
Because, you know, it's like a chess game.
Just because you've committed a piece to this particular spot on the board doesn't mean you can't withdraw it and move it somewhere else.
There's several ways it can go right now.
We were discussing that at our business meeting on Thursday.
I mean, the reality is that the debt load that this nation has In order to eradicate it, they could collapse the stock market and that would get rid of a good majority of it.
It's either the government's obligation or the Federal Reserve's obligation, or it could be through the new currency that's coming out.
But what's bothersome is we've got so many things coming together, coalescing at one point.
Historically, any one of them will be a very serious problem.
And all in 1996.
Exactly.
People look at the Dow, and it's like, oh, the stock market is doing well.
No, the stock market is not doing well.
The Dow is not the stock market.
The Dow is 30 companies.
You've been led to believe that they are a measure of the stock market, but how can 30 companies be representative of some 12,000 different stock issues?
It's absolutely impossible.
That's not the case.
What you want to look at are much broader things, the advanced decline ratio, the primary trend index, all these various other things, yields.
We get various newsletters from a professional standpoint that analyze the market, and you analyze, and it's not very good.
No, it's not good at all.
And the portion that the public is looking at, they don't understand that that doesn't represent the small investment stockholder.
That represents huge, multinational corporate investments.
Exactly.
The New World Order companies.
That's what composes the Dow Jones Industrial Average, are those big boys, the blue chips, AT&T, IBM, Disney.
All of those type companies are what are on the Dow.
All the, you know, and with the advanced decline ratio, what that means is more stocks are going down versus, are being sold versus being bought.
Well, the general trend for the last two months has been downward in the advanced decline ratio.
So, you know, more money is fleeing other stocks and appears to be going into the Dow component stocks.
And with the level that they're at, they've got very low yields and what is referred to as the divisor is also very low.
So when you have a one-point increase in the Dow currently, you have almost, I'm sorry, the Dow stock, you have almost a three-point corresponding increase in the Dow Jones Industrial Average.
It's a leveraging effect.
So the appearance, the brainwashing that people have received is that the Dow is the stock market, if the Dow's going up, everything must be fine.
And conversely, well, if gold's flat or if gold's down, then Between the two of them, oh, everything is just rosy.
Well, isn't that exactly what happened in 1929?
I mean, the stock market just kept going up and up and it was so rosy and everybody just kept going in hock to invest more money because nobody could lose and the money was just pouring out of the sky.
Speaking of going in hock, U.S.
consumer debt exceeds $1 trillion.
Prompt warning.
And after the beginning of the year, when the post-holiday layoffs begin and the mergers actually take place, Death is going to be the number one problem.
You can have rampant defaults and large personal bankruptcies.
This is a time bomb.
People aren't thinking.
They're not thinking rationally at all.
They're listening to your program and the others are involved in what we're talking about.
They're thinking.
Most of them are getting themselves positioned.
But the vast majority of America, they've got their heads so far up a certain orifice that they can't see anything.
And they're going to get burned.
In our last issue of Veritas, we referred to that as taking the position of the dominant culture.
Yeah, that's a very good way to put it.
Fortunately, there are too many people, but again, if we look at and analyze the situation politically, and not just politically, but from the historical perspective that you've given us through the Mystery of Babylon series and the rest of it, and the explanations of the Federal Reserve, we can see that the debt situation cannot go on.
They have reached a point where they can't afford to repay the interest, let alone even start working on the principal.
That's correct.
It's impossible.
So it's got to be eradicated somewhere.
Will the Federal Reserve ever go away?
Not as long as this current government exists.
What makes it even more impossible to reconcile in your mind once you understand how it works is the fact that the money doesn't exist.
Oh, exactly.
It's not there.
It's created by making bookkeeping entries and pumping paper out of a printing press.
But people have been so brainwashed that they accept it as value.
Yes, and they're looking at this debt as representing a value.
What the debt represents, really, is the stolen wealth of the labor of the people.
Because nothing of real value has been exchanged.
Exactly.
Nothing has been purchased with lawful money.
Right.
Without its purchase in lawful money, you do not have the protection of the Constitution.
You can't go into a court and say they stole this.
Right.
And as a result of that, it's even more disconcerting once you understand how this process works, to understand that if it was created with a bookkeeping entry, it could be eliminated with a bookkeeping entry.
But instead of doing it that way, They're going to cause untold countless millions of people to be ruined and live in misery for I don't know how many years once this breakdown occurs.
It's going to be interesting to see which direction they decide to pursue because one of the other things that people don't think about is how they've tied themselves to the system.
How they've said, I've got a social security number and they've admitted to the government Basically, I'm not going to plan for my future.
I'm going to let you plan it for me.
So you've got to live by the rules in the meantime.
In the Social Security Act, I believe it's in section 1104, it basically establishes preemptory rights over persons, that corporate entity, those that accept Social Security numbers.
And that section also makes the franchisee, that person that has taken a Social Security number, liable.
For the corporation's debt.
So the government goes out and they pull in, they create this debt problem.
And currently you'll read in USA Today or wherever, they're telling you, like you point out Bill, it's not a conspiracy.
It's in the open.
They're telling you exactly what's going on.
That's right.
They're saying your family's liable for $64,000 worth of this debt.
Now if the government defaults on it, where does the money come from?
The people's pockets.
People's pockets, people's property, in fact, the entire resources, which includes human resources, since 1933, excuse me, 1935, of the United States of America, which means everything.
Which means, literally, the people will be indentured in enslavement, or what they used to call indentured servitude, until it's paid.
The way that it has been brought about, it can never be repaid.
And so the whole purpose of this thing is to get people to accept the system of cashless debt where they'll be chained to a computer for the rest of their life and if they get out of line, it's all over for them.
Which is just about the worst kind of enslavement that I can imagine.
Oh yeah, they'll go ahead and do that and what they'll also do is they'll blame it on the system of politics.
Absolutely.
Oh, if it wasn't for the fact that we had this Constitution changing out, doing this and doing that, or if we only had this New States Constitution, which is in your book, which you don't have any rights, you've got privileges.
And it's all part of that Hegelian process to get people that are too ignorant to read, to accept whatever the media tells them, and vote for democratic change.
Yes.
Well, let's give some people out there something to think about for a couple of minutes.
You can take a deep breath for, I think this will run about three minutes.
Get yourself a drink of water, and we'll be right back, folks.
Have you seen a well-to-do upon Leonard's Avenue On that famous thoroughfare with their noses in the air High-hacking color-collar, white-pattern $15 Spending every dime for a wonderful time
If you're doing so long, when you go to Why don't you go to the bottom?
Let's go, put it on the rim Tangled down on the lefty High-round from down the lefty All this day, put it on the rim Last valley and every little bell, no Every Thursday evening withers' twelve bow For the yellow all come with me And we'll tend that to the green And we'll tend that to the middle Hold on the rim
Oh, look at that man's looking on that rim You look at it I can't
You know that I can.
If you're blue and you don't know where to go to, why don't you go where I am?
If you're blue and you don't know where to go to Why don't you go where hard I was looking at me and sitting on that bridge.
I was looking at me and sitting on that bridge.
That was Fred Astaire and that was one of his first big hits so many years ago that I'm not even going to tell you because if you're one of the people out there that can remember when that came out it's going to make you feel bad.
So, I'm not going to say it.
Putting on the Ritz was the name of it.
Frank, welcome back.
Oh, I'm glad to be back.
Yeah, I did need that drink of water.
Fractional Reserve Banking, you know, for every dollar People out there putting the bank loans out, they loan nine.
They create, not only do you have the Fed creating money, but then you have the entire system creating money.
This is one of the problems it causes.
We had a client today, had a serious problem trying to get money out of her bank.
$50,000 she wanted to convert into precious metals.
The bank would only release 10 of it.
And that 10 is going to be reported?
Here's the situation.
They told her she has to wait 30 days to get the other 40.
It's her money.
It's in a checking account.
It's not even in lockup in a CD or anything like that.
Yeah, but you know, Frank, I brought to the attention of the listeners years ago that the fact is they've gotten so many people to use credit cards and checks that the banks don't have that much money on hand.
Oh, I know.
The business I was in was vending.
When vending, you get a lot of coin and you get a lot of Federal Reserve notes.
I would, on average, take to the bank roughly $10,000 in currency a day.
It was to the point where the bank was calling me, wanting to know when I was going to make a deposit.
So they could get some currency.
They needed some.
I didn't think, at the time, I didn't think anything of it.
I didn't know who you were.
I didn't know... I watched George Bush say New World Order.
It didn't mean anything.
Now it all makes sense.
Now I see what's been going on and see how it all dovetails.
I haven't liked what I've seen for a long time.
Now the truth is that when you look at the M1, how much money there is actually supposed to be in circulation, when you look at that figure, the majority of that figure is not in bills.
It's not in coin.
It's what they call electronic transfers.
It's created electronically.
It's checks.
It's credit card money.
It's that kind of thing.
If everybody went to the bank and tried to draw out enough money, if they had enough money on deposit supposedly, tried to draw out enough money to pay off their debts, the entire system would collapse at that instant because the banks would have to say, we don't have the money to give you.
I believe it's only 3%.
I think it's 3% all one at one time.
That would do it.
But you see, in a real healthy economy, economy that was based upon real work and using real money, that money would have to exist.
You see, have you read what they're doing in Ithaca, New York?
No.
They're making their own notes.
Oh, that's where they're doing the barter thing.
Yeah, the hours.
They call their notes an hour.
Yeah, they've been doing that for several years.
And it's perfectly legal.
There's not a thing that the Federal Reserve can do about it.
That's right.
And more and more people would look into this and start doing things in their own communities and with each other, pulling what they think is money out of the system, converting it into real money.
They would be so far ahead, not only for themselves, but for all of us.
For every dollar they take out, that's nine they take away from the Federal Reserve.
That's right.
And if it's based upon something that has a real value, like a person's work.
Exactly.
Like a person's product or a farmer's produce.
Then you have a system that doesn't inflate constantly.
It's not always taking away from you like a paper money system will and does and always has and can only do.
Well, I mean, what is this paper money we carry?
It's a note.
What is it?
It's a promissory note.
Well, be careful now.
They say it's a note, but it's not really a note.
I'm done getting there.
Security by definition.
There you go.
Because it has a promise to be absolutely nothing.
That's right.
It's a contract.
It's got offer, acceptance, consideration.
But it's an invalid contract.
Okay, for a contract to be valid, It has to have not only proper spelling, titles, but punctuation.
Pull out a Federal Reserve note.
Look at the offer on the left of the portrait.
There is a period after the title.
That is a statement of fact.
Look on the right side of the portrait.
There is a period after the title of that individual.
Statement of fact.
Look in the top left.
This note is legal tender, all debts public and private.
No period.
It's not a legally binding statement under contract law.
There's so many things that if people would read and not worry, well O.J., they can't worry about O.J.
anymore, but we've got the Super Bowl coming up and other things that people look at.
They don't bother to learn the truth.
They're just going to get swept aside.
Well, Americans have, I believe, Well, unfortunately, Bill, I have to agree with you.
I talk to a lot of people that way every day, and it's sad because they're people that know better, but they can't get through that cognitive dissonance, and it's tough for us as Swiss Americans.
Two or three phone calls to wade through 30 years of indoctrination.
In some instances, 60 years of indoctrination.
Sure.
People that lived in the Depression now believe that buying and holding stocks is the only way to go.
And that Federal Reserve notes are real money.
Should know better because they lived it.
They were in the bread line.
Yeah, it amazes me that anybody who lives through the Depression would trust stocks.
I just don't understand it.
Sometimes it just gets rather flabbergasting.
Let's look at what's going on with this Congressional budget battle, the fallacy of that, this whole game that we're being presented with.
They defaulted, well they missed defaulting November 15th on Treasury devices.
They were owing $62 billion in interest payments on Treasuries that were due from as far back as Jimmy Carter.
The government wasn't in operation.
They still don't have the borrowing power.
Okay?
They've only passed a temporary spending bill to keep government in operation.
They paid those interest on those treasuries by taking the money from federal pensions.
Now, I was watching CNBC on Wednesday, and that Neil Cabuto guy, Congressman Nick Smith of Michigan, he says that the Secretary of the Treasury, Rubin, may have acted illegally in doing that.
Well, from what I understand, and especially with the laws that have been passed in the last several years, you can't touch pension funds for any reason.
Except to pay the pensioner, when the money is due, or to invest it properly in order to ensure that the fund will grow in order to be able to cover the demand when the pensions come due.
Well, who's going to fight Robert Rubin in the government court?
Or not Robert Rubin in the government, Robert Rubin in the IMF?
Who's going to take them to court to get their federal pensions back?
Unfortunately, you can't take anything into court unless you can prove you have damage, which means it has to be some federal pensioner that can prove that they're going to suffer damage because these funds were taken out.
The government will just say, we're going to put it back so there's no damage, and they'll kick it right out.
So what will happen?
More than likely, but the reality is there's Rubin, and there's been some legislation proposed.
I've tried to check status on it, but with all these things going on, they haven't gotten back to me.
If this situation develops again on the 29th and it's starting to look like there's a high probability of that, of another government shutdown and another series of potential defaults, once they run out of federal pension money, they're going after private pension money.
There was legislation introduced to exactly allow that, to allow the Secretary of the Treasury to manage the cash position of the United States as he saw fit.
Now, it all goes down to status at law.
When people take a social security number, they've changed their status at law.
When you derive a benefit from the government, you've changed your status.
Sure.
Waived rights.
The same applies with your retirement money.
Yes, there's laws in place, but in the fine print of that contract is, well, it's tax deferred.
You've waived certain rights to it.
We're the government.
We need it.
We're going to take it and use it.
We'll give you this IOU.
We'll worry about it down the road.
That's the facts.
People aren't thinking.
They're not looking to what's been done in the past.
They just think, oh, I'll just go ahead and trust the government.
This absolutely amazes me.
Every time I hear somebody say trust the government, even if I know they're saying it in the context that you are, it just cracks me up.
But the amazing thing is people will look at Waco and they will get incensed.
They will look at Ruby Ridge and they will get incensed.
Yeah, well, that's a shame.
Absolutely.
at the start of the program about this abortion thing.
They will get incensed, but when you're talking about their money, they trust the government.
Yeah, well, that's a shame, absolutely.
They used to tell me I was building a dream and so I followed them all. .
When there was earth to plow, or guns to bear, I was always there, right on their job.
They used to tell me I was building a dream, with peace and glory ahead.
Why should I be standing in line?
Just waiting for bread.
Once I built a railroad.
I made it run.
Made it race against time.
Once I built a railroad.
Now it's done, brother.
Brother, can you spare a dime?
Once I built a tower Up to the sun Brick and riveting lime Once I built a tower Now it's done Brother, can you spare a dime?
Once in khaki suits, gee, we looked swell, full of that yanky doodly-dum.
Half a million boots went slogging through hell, and I was the kid with a drum.
Say, don't you remember?
They called me Al.
It was Al all the time.
Why don't you remember?
I I'm your pal.
Say, buddy, can you spare a dime?
One thin khaki suit.
Ah, gee, we look swell.
Full of that Yankee doodly-dum.
Half a million booze.
Went sluggin' through hell, and I was the kid with the drum.
Say, don't you remember?
They called me Al.
It was Al all the time.
Say, don't you remember?
I'm your pal.
Buddy, can you spare a dime?
Well, that was Bing Crosby from the Great Depression, folks.
And Brother, Can You Spare a Dime?
was a big hit then because a lot of people needed a dime.
And a dime back then was a lot of money.
You have no conception of how wealthy people were in this country in the 20s.
You watch these old movies and you get the feeling that people were poor.
Nobody was poor in this country in the 20s.
Everybody had plenty of everything.
It was incredible.
The whole world was beating down a path to get to this country.
To try to better themselves.
Because this was where it was at.
You would be amazed what you could buy a dime with in 1929.
Or buy with a dime in 1929.
You would be amazed what a dollar would buy you in 1929.
And you think your money is safe?
Since 1929 to today, your money has lost so much of its value, and it's done it in such a gradual, creeping way.
In fact, I'll tell you right now, my father, in the 1950s, early 60s, supported a family of five on $10,000 a year, and we lived well.
We were considered to be At least medium middle class or lower upper middle class family.
Now what does it take?
I'll tell you right now today $25,000 is nothing.
Nothing whatsoever.
What do you think about that Frank?
Well, you're right.
It's extremely difficult, especially in the city of Phoenix, to make ends meet with a family on $25,000.
If you're single, it's still tough to get anything accomplished.
It's something like we pointed out, like I pointed out earlier, all these things coalescing at one point in history.
They had to wipe out the wealth of the Americans in the 20s.
They had to make them suffer so they would accept sweeping changes that FDR gave us.
In particular, socialist changes.
Exactly.
Now what I find very disturbing was just before November 15th, I was watching A news conference on CNN with Newt Gingrich and Bob Dole and they were saying that they were going to stick to their guns on this budget and they were going to enact sweeping changes on the order or to the magnitude of what occurred under FDR in 33.
Now for those that understand those socialist changes, how we returned into politics and all these other things, that should make you very, very nervous that they're going to be out there admitting that.
The other thing that Newt's been proposing, and a lot of others have been talking about in newsprint and the various other media, is default.
Is debt eradication through bankruptcy.
Now what most Americans don't understand is since 1933, the Declaration of Bankruptcy, this government has been operating under Chapter 11 reorganization rules.
Constantly.
Has never emerged from Chapter 11.
Yes, and the body overseeing this reorganization is the International Monetary Fund, with the Governor being the Treasurer of the United States, or the Secretary of the Treasury of the United States, who is paid by the International Monetary Fund.
Exactly.
So, if you have debt eradication through bankruptcy, like the Governor of Arizona's attempt to do, wipe out $14 million in debt with $65,000 in assets, what does that mean?
That's a Chapter 7 liquidation.
Now, if they're talking about debt eradication through bankruptcy and they're already operating under bankruptcy rules, that means they're discussing, seriously, eliminating that debt through Chapter 7, through liquidating.
What are they going to liquidate?
Whose assets?
The parks.
Now, that's where they finalize the transfer of the property of the citizens and the nation And if you can't come up with your portion of the debt, you give up your property.
That's right.
And then they turn around and rent it to you.
Exactly.
If you haven't paid for it in lawful money, you don't own it.
You think you bought that vehicle because you basically eliminated your debt obligation?
No.
Did you buy it with lawful money and have a bill of sale proving that?
No.
Then you don't own it.
People don't know the law.
They don't understand.
They don't want to learn.
Again, when we talk to them about money, they get immediately defensive.
And I don't blame them to a degree.
I mean, we all work very hard and things are extremely difficult to come by.
But we're there trying to help people and trying to get them prepared for what's coming.
And all they want to do is look at the Dow and think the stock market's the place to be.
It's just, it's totally backwards line of thought.
By the way, before we go any further, I want to tell everybody that, because I know people are going to ask, Gene Miller has left Swiss America Trading.
He was not fired.
He left on good terms.
He saw an opportunity for himself and he took it.
And I just want to take this time because Frank is going to be taking Gene's place and I think this is the time to do it.
I want to thank Gene Miller for all of the time that he spent with us on this broadcast and for all the help that he has given.
All of you out there who have dealt with Gene, and I know that Frank is going to be just as good and is going to be with us every week, every Thursday night.
In fact, he would have been here last night except for the special anniversary of the bombing of Pearl Harbor.
And we'll give you the same wonderful attention and the same help and the same commitment of time and energy that Gene did and maybe more.
I just wanted to make that statement so that everybody will know what's occurring here.
Gene has moved off to do his own thing.
Which is what America's all about.
That's what America's all about.
Realizing the great dreams.
Exactly.
Gene's a fine man.
He's the one who brought me to America.
He's the one who took care of me initially.
He'll do well and we wish him the best.
All of us at Swiss America.
How do you spell your last name, Frank, for our listeners out there?
M-A-R-Z as in zebra.
U-L-L-O.
I'm the only Frank there, so that one's kind of easy.
Okay, spell it one more time.
You always have to do things like that twice on radio.
Exactly.
M-A-R-Z-U-L-L-O.
Craig wanted me to discuss an offer that we've got.
This is because of who we are and because of Craig's commitment in what we do.
You know, before you do that, why don't you give us a report on where is the market right now?
Where is the market?
The market this week is starting to basically take off.
We started the week off with gold at $3.85, the Dow at $50.87.
Silver at $5.16.
Throughout the week we saw some very serious swings in both the Dow and in gold movements.
Silver takes minor swings.
Silver has primarily become industrial in nature and it doesn't end the same with platinum.
We don't really pay attention to the movements there because that's going with people that are covering their shorts or whatever for automotive industry and the microelectronics industry.
The Dow at one point in time, today, had reached a high of 52.26, and then it slid backwards sharply to close at 51.56 on the week.
Gold was shoving back and forth.
It's kind of interesting to watch because we have our screens in front of us that are updated constantly.
So we see this $5 move immediately in gold, and then we'll see it get pressed down real hard, but it snaps right back.
And it ended up closing on the week at $389.90.
It actually broke above $390 today, which, if you've been following the gold market at all, you understand that that's a pretty significant move because it's been flat for a long time.
But we do know it's been manipulated.
There was an article in one of the more conservative periodicals.
The country of Brazil has been manipulating the gold market extensively.
It has some decent-sized underground reserves that it's constantly mining.
It also has selling gold short under the market, basically betting that it's going to be down.
So if gold rises in value, it will dump some of its recently mined product, pressing the market, realizing a better price for its gold, and then pushing the market down and making money on their short selling.
So it's been a lot of games going on.
On Monday's Wall Street Journal, There was an interesting article, what's referred to as the lease rate for gold.
For those individuals that made a bad call and need to borrow gold for delivery, they can borrow it from various entities.
And they have to pay an interest rate on it, just like you would borrowing anything else.
Sure.
Because the gold amount is constricting.
The availability of gold is constricting, so these lease rates are going, they hit historic highs.
And the annual mine output continues to fall well below demand.
We're seeing significant supply tightness.
Now we do know that the Fed will dump gold.
We do know that various other nations have dumped gold, but they still need to maintain a reserve.
Not that they're backing anything with gold, but it covers their butts.
Yeah.
Not only that, but I've predicted for a long time that when the market finally falls, and I mean falls, As the price of gold begins to rise to scary heights and people start to get panicky, they'll dump everything that they have on the market to cause the price of gold to go down to literally nothing.
And then they'll buy it all back at that price as everybody panics and tries to save some of their money.
And those who save their gold and silver at that point and don't panic and manage to keep it, you're going to be the kings of the market, I can assure you.
Well, what people need to realize is not to wait for that occurrence, because they need to have it now.
Absolutely, yes.
They don't have it now.
They're not going to be able to afford to buy it when it may be low, relatively speaking, but in the meantime, the dollars that they have now won't buy anything.
They'll have used them all up just to buy a loaf of bread.
Not only that, but when the price hits that low, the people in the world who dumped it We'll buy it back in such enormous lots that it's going to disappear very quickly.
There won't be time for little people to get in on that and buy anything.
Our person that now works at Swiss America that's been involved in international markets, there's three Arab nations that have placed significant buy orders for gold.
Unlimited.
Whatever and as much as can be delivered.
They want to take tons on delivery as soon as possible.
Well there's something else that's really scary.
It's scary to me because I know what's going on.
Other people may look at it as a big boom.
But when you see that just in the last year the stock market has increased by over 1,100 points and it just went over 5,000 and it's already 20% towards 6,000.
It's over 5,200 now.
That's scary.
It's a balloon.
It's a balloon in its last stages.
How high will it go?
We don't know.
And as I pointed out earlier, there is a leveraging effect there, but the reality is, again, it's a few dollars being swapped around, and it's a lot of exposure.
Yeah.
And it's all artificial.
The rate is going.
As much as it's gained already, and it just hit 5,000, it could be at 6,000 in six months.
It could very well be if we get that six months going.
And it's all artificial, which means it's got to bust.
It's a balloon that's going to pop, and when it comes down, people are going to get hurt.
Why don't you talk about what Craig wanted you to talk about, and then we'll tell people how they can get in touch with you, because we're coming up to the end of the hour.
He's Craig we've come across again because of who he is and the respect that he has in this area.
He's come across a very significant series of coins, the year 1909.
It's a very tough coin for those people that are looking for quality, that are looking to have something that's going to grow for them significantly above and beyond just your average gold.
This is the type of thing for them.
Because Craig was able to obtain these, he's also able to offer them at a significant saving.
Now, in the car industry, what's referred to as back-of-book.
What is a recommended market on these, we are well under the recommended market.
And I would encourage people, if they've been talking to anyone in Swiss America, to call and find out the details on this 1909 offering.
Because they are significant.
What kind of coin is it?
It is a Saint-Gaudens series, date 1909.
It's a very low mintage year.
It's a tough year to come by.
In a grade 63, it normally suggested the average market is $5,000 apiece.
We're able to offer it at $3,000.
We're back a book $2,000.
That's what the kind of buying power and the kind of Well, just the power, not power, that's the wrong word.
I'm kind of at a loss for words right now.
I kind of used them all up this evening.
It's just the respect that Craig has afforded that when these kind of values come across, they're offered to Craig and he is able to pass them on to our clients.
Well, that's wonderful.
Yes, it is.
It really is one heck of a, it's a great coin, matter of fact.
How many of these does he have?
Do you have?
No, I don't know.
There's not very many because it is a tough date and they are going fast.
Matter of fact, I sold three of them this week, hope to sell four, and I don't know how many more are left.
They're a great coin for somebody that, again, who recognizes the value, who recognizes that the United Nations, I'm sorry, yeah, the land that the United Nations was built on, Rockefeller Center, Yeah, that's true.
That is true.
And folks, just remember, governments pay their debts in gold.
Yeah, that's true.
At all those resorts in the Hamptons of New Jersey.
That is true.
With rare coins.
Yeah.
At the House of Rothschild.
Started as a rare coin shop to the kings and queens of Europe.
That's the importance that the wealthy play on this product.
That's why we place the importance as well.
And, folks, just remember, governments pay their debts in gold.
Always have, always will, because they know.
They know what real money is.
Exactly.
And they know what real money is not.
While they'll foist off the phony stuff on you, they insist on payments in gold.
Well, how do our listeners get in touch with you?
As if they didn't already know.
Do the 1-800-BUY-COIN.
But if you hate trying to figure out those numbers, it's 800-289-2646.
And just ask for your representative.
If you've never spoken to anyone there, they'll make sure you get taken care of.
And if you don't feel that you can put that much money into anything, call Frank or anybody else and talk to them about what you can afford and how you want to do it.
If you want to do a little bit of money each month or whatever you want to do, they'll work with you.
And if you don't feel that you can put that much money into anything, call Frank or anybody else and talk to them about what you can afford and how you want to do it.
If you want to do a little bit of money each month or whatever you want to do, they'll work with you, they'll help you, and they'll make sure that you can protect at least a part of your assets.
And I think people should be thinking about more than a part of their assets at this particular time.
Truthfully, I've got 70% of mine in metal.
I keep a little bit just for your day-to-day affairs, but that's how close I think it is.
Yeah, I think it's really close, too.
Well, Frank, I want to thank you for being our guest tonight and for all the wonderful information that you've imparted to our listeners.
And we welcome you to the Hour of the Time team.
You'll be here every Thursday night, folks, so pay attention.
He'll be here every Thursday night for about ten minutes, five or ten minutes, to let you know what the market is and what's going on at Swiss America Trading and about the latest news.
Thank you, Frank.
Thank you, Bill.
You have a great evening.
You too.
Good night, folks, and God bless you all.
Good night, folks. folks.
Good night, folks.
The way you sip your tea.
The memory of all that.
Oh, no, they can't take that away from me.
The way your smile just gleams.
The way you sing of kings.
The way you haunt my dreams.
No, no, they can't take that away from me.
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