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Post by Roger (over and out) on Apr 2, 2014 11:09:13 GMT -5
 Last week Ukraine's gold reserves - all 40 tonnes - were loaded onto a plane in the middle of the night and flown to the US, supposedly to be held for safekeeping in the vaults of the Federal Reserve. www.24hgold.com/english/contributor.aspx?article=5278746704H11690&contributor=Chris+PowellNow here's the thing. Germany's gold reserves are kept - also for safekeeping - at the Federal Reserve. But when Germany asked to inspect its gold last year, the Fed refused. Not surprisingly, Germany promptly requested the return of its gold. The Fed said that for various "technical reasons", it could not return Germany's gold in a single shipment. Instead, it could only send 10% at a time, and it would be 7 years before all the gold could be sent. After delaying for a year, they sent the first shipment of 37.5 tonnes (5% of the total amount of German gold) - half the amount they promised to send in the first shipment. What's more, the gold that was sent had been melted down and recast. In other words they were unable to send back the original, stamped German gold bars. As Chris Powell comments on the 24hgold.com website: "Maybe the Ukrainian gold will constitute the New York Fed's next shipment to the German Bundesbank in Frankfurt in the great international game of golden musical chairs." Has the Fed sold the gold it is supposed to be storing for other countries? If so - and if it came out - the consequences for the US economy would be dire to say the least. In fact we would be looking at the collapse of the US economy. Which raises the question: Is this the real reason behind the US involvement in (or, in fact, orchestration of) the overthrow of the government in Ukraine? It is worth remembering that Libya's reserves of gold - 144 tonnes - also fell into the hands of the Fed. |
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Post by rmarks1 on Apr 2, 2014 11:21:43 GMT -5
Hey, they have to balance the budget somehow, right?
Bob
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Post by Deleted on Apr 2, 2014 14:32:26 GMT -5
Nah, it was aliens.
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Post by Roger (over and out) on Apr 2, 2014 15:56:52 GMT -5
You think it's far-fetched?
Maybe. Maybe not. The reason Saddam and Ghadafi had to be removed was to prevent the introduction of the gold Dinar, which, if it had been adopted by the Arab oil-producing countries (most of which were looking favourably at it), would have resulted in the complete destruction of the US economy virtually overnight. The dollar would have become worthless.
The bottom line is that the Fed - and therefore the US government - needs gold desperately. And if Beck is right in the video above, then their need of gold may be even more urgent than anyone imagined.
What is undeniable is that when Ghadafi was overthrown, seizing Libya's gold and transferring it to the Federal Reserve was the priority. And now the same thing in Ukraine.
In the past, countries were invaded and plundered for their gold. Things haven't changed all that much. These days countries are mainly plundered (by the US) for their oil resources. But gold is still the standard, and the Fed is clearly short. If one or two more countries requested the return of their gold, and the Fed was unable to comply, then the schitt would really hit the fan.
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Post by tricia on Apr 2, 2014 17:17:12 GMT -5
Well, if it's true I'm not saying it's right....but if it's true and public knowledge and they're sending their gold anyway....who's the dumb one?
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Post by Roger (over and out) on Apr 2, 2014 17:41:18 GMT -5
They're ostensibly sending it away for safekeeping, in case Russia invades and confiscates it. But in reality it would be security against the bailout loan they're getting from the IMF. In other words they're going to be in debt to the banksters for the next 500 years (same thing that happened to the Irish). And, of course, they'll never see their gold again. The deal would have to have been made with the opposition before the "revolution".
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Post by rmarks1 on Apr 3, 2014 9:48:51 GMT -5
They're ostensibly sending it away for safekeeping, in case Russia invades and confiscates it. But in reality it would be security against the bailout loan they're getting from the IMF. In other words they're going to be in debt to the banksters for the next 500 years (same thing that happened to the Irish). And, of course, they'll never see their gold again. The deal would have to have been made with the opposition before the "revolution". The Ukraine is just the tip of the iceberg. The U.S. federal government is in debt to over $17 trillion. Many corporations here also have massive debts. So do most state and local governments. Every time the debt comes due, they just issue new debt to pay off the old debt. It's called "extend and pretend." They extend the debt and pretend it will ever be paid off. The politicians think this game will never end. It will of course. Bob |
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Post by Roger (over and out) on Apr 3, 2014 10:18:54 GMT -5
Yes, but if the Federal Reserve doesn't actually have any reserves... Though actually, thinking about it, the German government (and the governments of any other country with gold stored in the Fed) could hardly admit that nearly half of the country's gold reserve had disappeared (if it had). Not only would the direct consequences for the German economy be dire, the indirect consequences on Germany (and Europe) of an American crash would make the situation even worse. It would make more sense, from their point of view, to continue to believe (or pretend to believe) that Germany's gold was still safely stashed in the vaults of the Fed. Here in Spain just a couple of years ago the banks came dangerously close to closing their doors. Everyone knew they were short of cash, and it was touch and go as to whether people - and especially companies - withdrew their cash. Some people did take out their cash, and others transferred funds to overseas accounts, but there wasn't a full-scale run. And the main reason there wasn't was because companies knew that if they all withdrew their money the banks would close and almost certainly never open again. Which obviously would have been disastrous for the country and would more than likely have put them out of business. So they played this game of pretending to believe that their funds were safe in the bank, while the banks played the game of pretending to have plenty of money. It came to light later that the main banks were within a few days of closing their doors. www.zerohedge.com/contributed/2014-01-07/germanys-gold-housed-new-york-paris-and-london-all-gone |
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Post by rmarks1 on Apr 3, 2014 11:04:45 GMT -5
Yes, but if the Federal Reserve doesn't actually have any reserves... Though actually, thinking about it, the German government (and the governments of any other country with gold stored in the Fed) could hardly admit that nearly half of the country's gold reserve had disappeared (if it had). Not only would the direct consequences for the German economy be dire, the indirect consequences on Germany (and Europe) of an American crash would make the situation even worse. It would make more sense, from their point of view, to continue to believe (or pretend to believe) that Germany's gold was still safely stashed in the vaults of the Fed. www.zerohedge.com/contributed/2014-01-07/germanys-gold-housed-new-york-paris-and-london-all-goneOf course the FED has no reserves. It's all a game of "Let's Pretend" and has been for decades. All it will take is one sharp downturn and The USA becomes Greece or Argentina. Bob |
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Post by Deleted on Apr 3, 2014 11:54:18 GMT -5
And then you'll be so happy you'll dance a jig on top of the Empire State Building and they'll come to take you away..haha.
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Post by Deleted on Apr 3, 2014 11:58:19 GMT -5
If all the gold is disappearing, where is it going?
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Post by Roger (over and out) on Apr 3, 2014 11:59:35 GMT -5
At a guess, China.
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Post by Deleted on Apr 3, 2014 12:13:16 GMT -5
Well, there you go, Bob. We're paying off our debt to China. So, why worry? |
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Post by Roger (over and out) on Apr 3, 2014 12:44:47 GMT -5
Just looking at the figures. Over $5 trillion or almost half of the debt held by the public is owned by foreign investors, the largest of which is the People's Republic of China, followed closely by Japan.
The US pays China $75 million per day in debt interest.
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Post by Deleted on Apr 3, 2014 12:45:47 GMT -5
Just looking at the figures. Over $5 trillion or almost half of the debt held by the public is owned by foreign investors, the largest of which is the People's Republic of China, followed closely by Japan. The US pays China $75 million per day in debt interest. Okay, now give me the bad news. |
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Post by Roger (over and out) on Apr 3, 2014 13:00:45 GMT -5
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Post by Deleted on Apr 3, 2014 13:51:57 GMT -5
Is this the only debt clock out there? And who exactly is reponsible for this one? And what database(s) is it connected to, to provide this second by second info? |
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