Skip to comments.Fedís Dirty Little Secret: ďThe Gold Isnít There (shortened)
Posted on 01/21/2014 8:22:00 PM PST by Kartographer
The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong.
Thats exactly what Germany expected would happen last year when the country requested that the Federal Reserve return about one-fifth of their gold reserves. But thats when things got really dicey. The Fed announced that Germanys gold would be returned
but it would take seven years to get back home.
(Excerpt) Read more at shtfplan.com ...
I have a hard time believing that a country like Germany wasn’t aware that its gold has been lent and re-lent several times over.
"Uhhhhhhhhh. We don't actually have your stuff."
So the US Government intentionally collapses the prices of Gold (momentarily) so that it can buy up enough Gold to replay Germany (who’s Gold the FED had lost)..
Sounds like a plot of Goldfinger indeed!
Anyone who doesn’t trust Obama is obviously a racist. He told us his’self
University of Texas Takes Delivery Of $1 Billion In Physical Gold
Zero Hedge ^ | 04/16/2011 | Tyler Durden
It sounds like a criminal conspiracy to me, but then again, I think most people in the government are criminals anyway, so they will get away with it.
Hitler`s Dirty Little Secret: The Gold Isnt There (shortened)
It`s on the bottom of a lake in Bavaria.
“Along with Hitlers own diamond collection and the entire gold reserves of the Reichsbank, these are just some of the most valuable Nazi treasures still missing”
Watched the latest edition of the Keiser Report on RT today. Keiser is usually pretty bizarre, but every now and then he comes up with a point that makes some sense and puts a new perspective on the big economic picture. Today his sidekick Stacy Herbert mentioned that China recently purchased some large tonnage numbers of gold - more than actually had been on sale on the public markets around the world - Keiser’s followup was that someone had secretly been selling gold to China under the table, and since there were rumors around that the US was low in its gold reserves, this country must have been the US - because China has so many dollars that they’re demanding we exchange some of them in return for gold or they’ll dump them - sort of a leap of logic on Max’s part, but an interesting idea nonetheless....
Goldfinger didn’t plan to steal the gold. He wanted to turn it radioactive.
“No, you don’t understand. The money’s not here. Your money is in Bill’s house. Bill, don’t you remember that shack you lived in? And Jim, your money is in Jack’s house.” paraphrased George Bailey from Bedford Falls.
The gold stores at Ft. Knox are as real as Obama’s Certificate of Live Birth...
Or as real as Joe Biden’s hairline.
No, this was not a fractional banking agreement. The Germans did not deposit money into some bank which was then expected to lend it out.
The Germans in effect afraid a Soviet invasion placed THEIR gold into what was a safe deposit box.
NOw they want the box opened and to take their possessions. Their EXACT possessions. That is their inspected, assayed, measured, and marked gold bars.
If you put gold coins into a safe deposit box, you do not have an expectation that it will be lent again and again. That was not the agreement the Germans entered into. This was pure theft because nobody expected they would ever demand return of their gold left for SAFEKEEPING.
I didn’t say that they agreed to it. Just that they knew what was going on.
I don’t know about Ft Knox gold, but the NY Fed vault has a bunch of old gold with serial numbers and makers stamps from each country who stores there. I’ve seen it with my own eyes. Unless there’s some wacky stacking going on, or someone’s drilling out bars and filling with something else, folks’ gold is still there as deposited.
To tell you the truth I’m not even sure why sovereigns even hold gold, since none of their currencies are tied to it.
I don’t trivialize it. These guys run the world. Apparently they think it’s important. Why? I don’t know.
There are two conditions.
Gold held by the fed to conduct trade
Gold heale by the Treasury...... treasure.
The first is in the vaults in New York.
The latter is in Ft Knox
There has been no assumption of physical assets backing US dollars.
The Fed is acting exactly like the gold bankers of old.... Fed is doing fractional reserve gold banking which the German situation had brought to light. The Feds gold has been lent out, leased out etc etc
For the Fed to send Germany’s gold back the Fed has to buy physical gold on the open market. It’s own gold bars are all leased out
Do your research first.
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