Skip to comments.How Germany’s Request for Gold Could Affect the US Dollar
Posted on 01/09/2014 10:22:07 PM PST by restornu
Where is Germanys Gold?
The impact of Germanys repatriation on the US dollar revolves around an unanswered question: why will it take seven years to complete the transfer?
The popular explanation is that the Fed has already rehypothecated all of its gold holdings in the name of other countries. That is, the same mound of bullion is earmarked as collateral for a host of different lenders.
Since the Fed depends on a fractional-reserve banking system for its very existence, it would not come as a surprise that it has become a fractional-reserve bank itself. If so, then perhaps Germany politely asked for a seven-year timeline in order to allow the Fed to save face, and to prevent other depositors from clamoring for their own gold back a run on the Fed.
Now, the Fed can always print more dollars and buy gold on the open market to make up for any shortfall, but such a move could substantially increase the price of gold. The last thing the Fed needs is another gold price spike reminding the world of the US dollars decline.
None of these theories are substantiated, but no matter how you slice it, Germanys request for its gold does not bode well for the future of the US dollar. In fact, the Bundesbanks official statements are all you need to confirm the Germans waning faith in the US.
German Calls for Gold Repatriation Intensify As Fed Refuses to ...
Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused
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Jan 21, 2013 · Jim Rickards has previously said that the Fed had plans to grab Germany gold: ... Germany is repatriatriating its gold from the US federal reserve.
Cataclysmic: What You Probably Didnt Know About Germany Getting Its Gold Back From the Federal Reserve
What does ... I think it ends horribly for everyone. But better face the facts right now He warned: You will be blamed for stealing the worlds treasure
Now I have included excerpts from Matthew 24
Could this be the day of reckoning? Matt 24; 7-8/
5 For many shall come in my name, saying, I am Christ; and shall deceive many.
6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
9 Then shall they deliver you up to be afflicted, and shall kill you: and ye shall be hated of all nations for my names sake.
10 And then shall many be offended, and shall betray one another, and shall hate one another.
11 And many false prophets shall rise, and shall deceive many.
12 And because iniquity shall abound, the love of many shall wax cold.
13 But he that shall endure unto the end, the same shall be saved.
But he that shall endure unto the end, the same shall be saved.
Ratz ! they wont be able to send the military in to decimate Germany like they did to Sadaam, maybe they can hire a mercenerie force like they did to Ghadaffi [/sarcasm]
Germany’s quest for gold reflects worries not over the dollar but over the euro, which seems likely to unravel when the most over-leveraged economies of the EU — Greece, Spain, and Italy — eventually drop out of the euro, restore their national currencies, and pump up their money supply to counteract the deflationary pressures that are strangling their euro-denominated economies. When that happens, Germany could continue with the euro or revert to the mark. In any event, flaunting a large stock of gold in the vaults of the Bundesbank would help to bolster confidence in whatever Germany does.
From what I understand they received some bars back but they weren’t even what they had stored at the fed plus Germany will not receive full repayment until 2020.The Fed robbed many countries of their gold during WW11 and Germany was just the tip of the iceberg.If any person or business today did what the fed has done they would be in a jailcell!
A must see watch the Beck video just scroll down http://tinyurl.com/kbgpfgd it is very educational and not good for us as a people should other nations get mad at us.
Fort Knox gold does not exist- judge napolitano
Federal Reserve Admits “We Have NO Gold” 2011
It looks like we are in deep doo doo...
This all happen to our gift from the Lord because some generations did not care enough to stand up for Prayer in school, than for the unborn, and it still continues in preserving the sanity of the family of a husband and wife and a father and a mother.
26 For whosoever shall be ashamed of me and of my words, of him shall the Son of man be ashamed, when he shall come in his own glory, and in his Fathers, and of the holy angels.
42 ¶Nevertheless among the chief rulers also many believed on him; but because of the Pharisees they did not confess him, lest they should be put out of the synagogue:
43 For they loved the praise of men more than the praise of God.
Stealing their gold. Bugging their chancellor’s personal phone. What next, o’bama? ( carpet- bombing Dresden? )
fractional lending only applies to currency
since the fed and the fedgov pushed us off the gold standard, gold is no longer a currency
if they ‘borrowed’ the assests placed in the vault for safe keeping, putting them at risk of being returned, without prior approval by the owner... then it’s just theft
I think it is a mess out there and we the people are going to smack in the middle of this which we did not create but our indifference to care enough to mind the store
Only God can get us out of this mess...
‘Dollar valueless, about to crash’ - World Bank whistleblower
The crooks in DC stole it. Like everything else they touch.
“From what I understand they received some bars back but they werent even what they had stored at the fed”
I believe you are right. It was a bunch of stuff that had been melted down. So who even knows if its the same purity of the original German bars.
Technically, it matters little what the purity of the material is as long as it is known and the appropriate amount of gold is contained within.
Example; an American Gold Eagle coin contains one troy ounce of gold, but is alloyed 90% gold with 10% copper and therefore weighs more than one ounce. It is still recognized as a one troy ounce gold coin.