Déclassement de la France : la vente de l'or par Sarkozy !

Good morning, my friends. The downgrading of Western countries led by France, did not happen through a series of accidents or incompetence. Rather, it was a deliberate choice made by people who knew what they wanted. And at each decision making juncture, they made the choice that was most disastrous for the country, for the population, and to ensure that there would be a downgrading that would be permanent and irreversible. It was not incompetence. It was done one betrayal at a time. So today we are going to talk about one betrayal and I am going to take a chapter from the book the Great Betrayals and we are going to talk about the sale or fire sale of French gold by Sarkozy. So how do we get to this story? The history of currencies and gold goes back to prehistoric times. But we're going to start our video today quite arbitrarily. In 1929. 1929, the great crisis in the United States that would very quickly contaminate the rest of the planet. Economies would slowly begin to collapse. And during the 1930s, it was a nightmare all over the world. The world economy would be saved by the Second World War, the Second World War of 1945, which arrived at the right time to get things back on track a little by means of a reset. In any case, in 1929, if we look around the world, there were a lot of currencies that were pegged to each other. For example, if we take the British, many countries that were part of the British Empire pegged their local currency to the pound sterling. The pound itself was backed by gold, the dollar was backed by gold. And a lot of currencies had this connection, this convertibility to gold. So it's not a gold standard. I don't really like the term gold standard and I'll tell you why. Very simply, the real gold standard is when you have a gold coin in your hands, you have the metal. When you have a banknote and someone tells you that, a politician, a, a civil servant, a state tells you that this banknote corresponds to gold. The standard here is not gold. It's the word of the state, it's the word of civil servants. And we know what it's worth, right? They can tell you something today. Well, tomorrow they'll change their minds to see. Okay, so there was no real gold standard, but the standard was the state's word. And we're going to see how fragile it is. So what's going to happen? So many countries are starting to take a break, let's say from Printing? Why? Because the situation is very difficult. They need money. Start printing. When basically the entire back to back system was designed to prevent a politician from calling the Treasury. Yes, print me so many billions. Deliver them to my office tomorrow morning. I'll spend them. What we see today. Just to Fast forward to 2025. Well, today we have in countries like France or the United Kingdom, B. National. National, which is spent by the state. Almost €1 out of every €2 generated by the national economy, by the work of millions of people is monopolized by the state, which it spends as it pleases. And on top of that, and on top of that, at the end of the year it is in deficit. It also has to borrow and put everyone into debt because we give it half of our income, but it is not enough. And on top of that, there are people dying in the corridors of the emergency rooms. It also means that these sovereign roles are not even fulfilled. Do you see what I mean? The gold standard was originally intended to prevent this kind of thing. So back to 1929, or rather 1931. Now it's 1931 and there's a terrible announcement that's going to shake the markets. The United Kingdom announces at the beginning that, well, the end of the convertibility of the pound sterling. A lot of currencies that were backed by the pound collapse. And then France loses a lot of money because France had a good part of these assets and these assets that were released in sterling. So France is going to lose the governor of the bank and at breakfast with his croissant and coffee like that, he looks at the newspaper, Bam. End of the convertibility of the pound sterling. Why? Because the economic crisis had been raging for two years. The British bank had started printing pounds that were better and then eventually could no longer guarantee them. They knew very well. So they had to come out and make this announcement. So in the United States at the time, the gold standard still existed. $1 meant 20, not rather a dollar, it was rather a gold. A gold standard meant $20,67, $20, $20 an ounce of gold. That's all. Anyone could go to the bank and give dollars or receive physical gold. That was the guarantee. So we arrive in 1933. Roosevelt, of course, since the crisis was still raging, he too had printed a lot of dollars. And after a while, well, the Americans were worried and started going to the bank to put gold aside because they smelled like vinyl, basically. And so suddenly, brutally, they close the banks. One morning, Americans wake up and learn that something is going on in the white House and the banks are closed for a week. No way to deposit or withdraw. Everything is locked down. All operations are locked down for a week of lockdown after the banks, but not before an executive order is issued. I think it's 6102 or something like that. I'm quoting from memory. So what does the executive order say? It says that Americans no longer have the right to own gold. Forbidden. That's it, it's over. We stop talking about converting gold into dollars. Huh? Gold bills. That's over, finished. But in addition, Americans who had already exchanged. There is a retroactive order, Americans who had exchanged their bills for gold to bring the bullion back to the bank or they would be punished with 10 years in prison and for a very long time, for decades, actually, Americans were allowed to own guns, but they weren't allowed to own gold. Sure, you could always have a tooth or a ring or a family heirloom, but the quantities were extremely limited and the punishments extremely severe. There was a prohibition on gold, if you will. So if we move forward even further, we're going to go through World War II, 1944, towards the end of the war, Europeans are broke, on their knees, their countries are devastated, their families, the refugees, all that. And so, okay, we're going to take them to Britainwood and tell them, listen, now, the only way to move forward in this story is to use the dollar for your economy. And the dollar, wait, the dollar, well, it's backed by gold. Don't worry, a year of Gold is $35 note in passing. You know, you know, we already have a pretty nice dev. Already a devaluation of over 60%. We went from we to stop the devaluation of the pound because he was the one who had been part of a committee, the Macmillan committee, which had looked at the situation a little bit and went to them and said, listen, it's a disaster to evaluate. To evaluate. Leave convertibility or we're screwed. We'll find him at Brotonwood advising the Americans. He's the one behind what we call Keynesian policies and such. Well, it's simply a way of saying state interventionism in the economy because many people imagine that capitalism doesn't need interventionism. On the contrary, capitalism, like socialism, lives off the state, lives with the state and always needs regulation. Okay, so I was saying that the Europeans, for example, don't have a choice. So they sign for the Bretons. Benice will last 27 years. So what's going to happen is that they give their gold to get dollars. How do they do it because they need a dollars to trade? Well, they take the gold that's in their national reserve, right? They send it to the United States, and the Americans give them freshly minted notes from the Bureau of Engraving. So they were given these notes and they were going to use them to trade. The thing is, the Americans found themselves in an extremely privileged position. They started printing dollars as best they could with, while maintaining convertibility. But they were printing, and everyone knows this, from the 1960s onwards. And the quantity of dollars in circulation was much greater than the gold that the Americans had. And they were still printing in Kimumu. This gave them an absolutely incredible advantage. That is to say that all the countries in the world, if they wanted, for example, $100, they had to provide enough work, regardless of whether they were providing cocoa, oil, bricks, whatever, to obtain this note, they had to provide value or gold to obtain it. There you have it. Except that the Americans, well, all they had to do was print it. So they could print it, go and buy, go and buy land in abroad, buying up entire streets. All that because, well, for them it was simple. In 1970 alone, we were there, we were full in the inks. In 1970 alone, 10% of the dollars circulating in the world were printed in the United States. 1970, that year alone saw the birth of 10% of the dollar circulating. You can imagine that it was starting to stink in France. In France, we already had Gol, who died in 1970. But already at the end of the 60s, they had realized the problem and started to repatriate their French people. So he wanted to save their French people because he understood that there was a problem. So he organized more than a hundred. I think that's 130 flights by plane, boat. All that to go and take the Americans at their word, telling them, listen, okay, I'll give you dollars, you give me some. You give me the gold. Of course, that's the standard. There's no problem. While the Americans were trading a. Except that, well, they still felt like they were being ripped off because they were saying, the paper that was printed yesterday, uh, uh, they're bringing it back to us. They want the gold. So what happened in the 70s and 71 is that there was an acceleration. That means there were countries like Germany, the United States, the United Kingdom, and other countries that started going to the United States and telling them, yeah, by the way, we want our gold, we want gold. Here are the dollars. This time, the American Congress is becoming very critical. It is starting to call these countries profiteers they are profiteers, aren't they? I mean, here we have a classic accusatory reversal. So what is going to happen is that in 1971, while Deal had still managed to get a lot of French gold out, other countries had acted a little too late. I think it was around August, other countries, like the United Kingdom, literally waited until 12am to start talking. And then Nixon comes on television. He pulls out the stops. On bad days, he pulls out all the stops and he says, okay, that's it, it's over. We're going to suspend convertibility. Technically speaking, it was a default. Yes, the Americans defaulted on their debt. And yes, because they had, they had, they issued dollars as debt because when they issued dollars, well, they issued them on a promise of gold. Okay, there was always a non dollar backing, but at some point they issued too many dollars and they defaulted on the order. So if they defaulted on the order, it's as if they had defaulted on the dollar. It's the same thing. So in fact they defaulted. That means they don't pay money. Sorry. From that point on, 1971, several things happened. First, the dollar started to devalue. So just to give you an idea of the devaluation at the time, if you've been following this far, a dollar was worth $35. A dollar is worth $35 today. How much is a gold bar? It's $3,500. I think there's some symbolism here. A gold bar is $3,500. So the value of the dollar has been divided by 100. It takes 100 times more dollars to obtain the same quantity of gold as it has 171. So the dollar has devalued by 99% since 1971. 4. It has lost 99% of its value. And of course, starting in 1971, since now there are more backings and the market is free, Americans have been able once again to own gold, but, well, they had to buy it on the market like everyone else and they have regained their right to own this currency. So now if you noticed for a minute, I told you we can evaluate the degradation of the value of the dollar by looking at the price of gold. Of gold. Well, yes, you look at the price of gold, you Compare it to $35 in 1971. And you know right away where we are, where the decks are. So that's why, for example, the day when the dollar will be $7,000. Well, you know very well that we've lost 99.5% of its value. Right. You know what I mean? You can do the math right away, you know. So from 71 onwards, Americans had policies that tended to curb the price of gold because the more they could curb the price of gold, that meant preventing it from soaring, preventing it from increasing. Well, the damage was obvious to me. It was just a way of covering up. They knew very well that it was slipping, but for them it was just to control the slide, to keep it slipping for as long as possible. So they used a lot of, of artifices such as selling certificates out of these. It's another way once again, of coming back through the window and you say, I see a certificate. This certificate is backed by gold. Yes, but it's worth as much as the dollar that you distributed for a long time between 44 and 71, when which was also backed by gold. The certificates in circulation at one point reached, uh, I mean, up until now there are more certificates than gold that exists on earth, Right? These are techniques that they used, plus other market manipulation techniques and all that. But basically we're going to do a fast forward, we're going to get to 99. In 1999, the Fed launched initiatives to force European countries to sell their gold and sell it at a ridiculously low price. Why? Because by selling it, if each European country started to empty its reserves and gradually sell the gold on the market, well, this would keep the price of gold very low, perhaps for a decade more. And then this would help maintain the credibility of the dollar. In 1999, we have Switzerland, which had the Swiss franc, which was backed by the dollar at 40%. This means that the bank, the SNB, the Swiss national bank, had to keep for each, say 100 francs that it issued, it had to have at least 40 francs equivalent in the north. So we are in a partial gold standard. Of course, the word gold standard is in quotation marks. So I said at that time, start saying a yes. Ah, it is a barbaric relic. It is a relic of the past. We must get rid of the gold standard in Arabic and all that. There you have it. Of course there were what we call votes, because in Switzerland, good democracy, it always happens by, they regularly have references. So the Swiss went to vote. All the parties left and right, they all called for a vote for the end of convertibility and to get rid of this barbaric relic. And so there were a few initiatives against it, but they did not weigh anything. And so the Swiss people voted for the end of convertibility, the end of the gold standard for their currency at I think 77%. That means it was a vote, let's say a tide rat. We is not talking about 50% and a half. Uh, like, I don't know, for when it was, I think Quebec that had voted for its independence and then it failed. And there were Christian people who said we had lost, but not by much. No, no, we had lost, but lost by a lot. The people really wanted the end of this barbaric relic. So from that moment on, the Alvetian constitution was changed. The Swiss bank found itself with a big pile of gold, and we didn't know what to do with it. Okay, at that time, 99, something else was going to happen. There was an IMF meeting in Washington. And at this meeting, many countries participated, including France, including Switzerland. Greenspan. Alan Greenspan, the head of the Fed at the time, is still alive, by the way. He is slowly approaching his 100th birthday. So Greenspan, who was the chairman of the party at the time, brought together the Europeans and also brings back the Director of the treasury, right, American Sam, there. He brings back the director of the American Treasury. And then they're going to gather them in a room and tell them that you've signed an agreement called the Washington Agreement. So what's funny is that the Europeans find themselves like little children at Uncle Sal's house, forcing them to sign a document that the United States wasn't even a signatory to. They have to sign. They have to commit to the United States. But the United States doesn't commit to anything. And they signed, they sold that very day. They sold their economic sovereignty. As Charles de Gaulle said. And he said, without economic sovereignty, there is no sovereignty at all. Huh? I mean, when you have foreign countries that control your economy, your. Your energy, all that they can control, even your food, they can control whether you heat your home in winter or not, they can control everything. They can send you into poverty if they want, you know, because you no longer have any sovereignty, and all other sovereignties are no longer valid if you can't even eat. Do you know what I mean? So Gaul would never have signed an agreement, of course, but at the time we were starting out, we were really in the middle of nowhere, weren't we? Why is it called an agreement anyway? Why an agreement? Well, since it's an agreement, there's no. It's a bit extrajudicial. In fact, that means that there's no. It's outside of any legal framework. There's no voting in the countries concerned. It doesn't go before the national assemblies and there's no need for a referendum. There is no mechanism to get out of it. It's just a document. You sign it, you commit, you shut up. That's all. That's it. And you don't ask any questions. That's exact, exactly what happened. So they signed the agreement called the Washington Accord. So the Washington Accord meant that Switzerland started selling off its gold first. So Switzerland started selling off its national bank, like copper. Selling it, selling it, selling it, selling it. And this allowed the dollar to stabilize until about 2004. So at that time, the dollar could buy very few dollars. And then from year to year, it didn't increase significantly. Huh? Okay. So it gave the impression that the dollar was credible. In fact, it was Switzerland that injected its reserves into the market. In 2004, someone else had to take over because Switzerland had run out of gold. And then we come to Sarkozy. Sarkozy. He actually committed himself to the agreement that had been renewed, because this agreement is renewed every five years. So then he took over the Swiss flag and started selling. He started selling their French in a context where we could sense that there was a rush, we could sense that something was abnormal. We could sense that a major crisis was brewing. We could sense that the value of the dollar was falling. We could sense that gold was, despite everything, gaining in value and that it was not the time to sell. In reality, what was Brewing was the 2008 crisis that was coming, the Prram crisis. And so France continued to sell and it also sold off its gold. And this sell off would last from 2004 until 2009. And despite everything, despite the 2008 crisis, they didn't stop. They continued to sell. And then the agreement, the Washington agreement, was renewed again in 2000, in 2009, in reality, the agreement expired on its own. It wasn't renewed in 1900, in 2019, because then it's clear it's screwed. And by the way, that's why those who bought gold in the 2000s or even in the 2010s didn't make much money with you buy on this channel, I'll show you a video. But at the time, I wasn't aware of these mechanisms. I'll show you a video where I bought. I had bought, I think I was three or four years old, gold, but which didn't move for five years, for literally five years, I had bought this gold and sold it at almost the same purchase price it was from 2019, with the end of this Washington agreement that artificially weighed down the price of gold that things took a different turn. Do you see what I mean? So there you have it. I wanted to tell you about this story. And so what is literally betraying? We are going to sell gold and copper because. Well, well, we signed with Washington without any compensation. There was absolutely nothing to gain. So see that. Why is it a betrayal? Because if we had something to gain, say, well, well, we sign with the Americans, we sell Exxon of gold. In exchange, they will. There is something that will provide us. But no, the others provide nothing at all. Right here. You shut up. And that it is truly a betrayal. There are others in the big betrayals found on Amazon. And we'll see you in a next video. See you soon, mister.