Posted on 05/28/2014 12:05:35 PM PDT by Rusty0604
Rob Kirby is an expert on forensic macroeconomics. His research shows central bankers are starting to not trust each other.
“Countries around the world with foreign reserve accounts where they hold vast amounts of U.S. dollars, all it’s going to take is for one of them to get really spooked . . . and bolting for the door ...
What about America’s gold? Is it still in Fort Knox? Kirby says, “I don’t believe America possesses any substantial amount of gold. America claims to have sovereign holdings of just over 8,000 metric tons. I believe that number is grossly inflated, and it might be close to zero.” What would happen to the dollar if it was indeed fact that America had very little gold left in its vaults? Kirby contends, “There would be calamity in the financial markets around the world. . . . If the 8,000 tons of gold has grown feet and is not where it is supposed to be, it would certainly qualify as a national secret. This would also explain why the United States has been so dead set against a proper audit of its gold reserves.”
Americans think they can print money until the cows come home and that they can control anything by printing more money. You can’t solve a problem of indebtedness by continuing to print money. This is fraud on the highest, highest order.
Rob Kirby lives across the border in Toronto, Canada. Kirby says he no longer travels to the U.S. because he does not trust the U.S. government. He points out that he likes America, but not our leaders. Kirby also told me his website is visited regularly by U.S. government agencies ... He told me he has the data to prove it.
(Excerpt) Read more at usawatchdog.com ...
http://www.zerohedge.com/news/2014-05-28/putin-says-russia-china-need-ensure-security-their-gold-reserves
Goldfinger...
HOW did they FIND OUT? Who TOLD them what we really did with it???
The fact that it will take 7 years to give Germany their gold may be a clue.
The US “leases” gold to the IMF, who then *sells* that gold to India to raise money.
India now has the gold, but the US claims to still own it so it counts are part of our gold holdings.
Someone that knows more than I can expand on this reasoning or debunk it. I believe I read about this little game, and it certainly sounds like something they would do, but I am open to correction.
Anyone who has gold as a certificate, fund, or promise that it’s locked away somewhere safe for them is not being sensible. One can’t help but wonder what would happen if everyone asked for their gold at once.
When that story was published, honestly I was quite surprised that it didn't create a much bigger stir than it did.
It sure seems like we have an international game of "the emperor has no clothes".
Regards,
Don't panic, but if you are going to panic, panic first.
So it would seem. The end will come suddenly, without warning.
“Kirby says he no longer travels to the U.S. because he does not trust the U.S. government. He points out that he likes America, but not our leaders”
That’s the way we feel too Kirby. :-)
Scouts Out! Cavalry Ho!
Here I was having a great time getting all wound up about this story and then you come along with your damn logical post. You just ruined my day’s anxiety attack!
Yeah. That’s kinda how I was looking at it.
Just what are we supposed to do if it does go boom and the dollar flatlines? Bitcoins can be controlled by the lack of electricity to power your PC. Gold is worthless if you can’t get a good price for it. A $1000 coin isn’t what I consider spendable when I need $100 worth of gas and don’t want US dollars in change.
“A $1000 coin isn’t what I consider spendable when I need $100 worth of gas and don’t want US dollars in change.”
In that case 3-4 ounces of silver would be perfect as a medium of exchange. Or you could use 1/10 oz gold coins which are worth about 120.00 or so right now.
Just remember, it doesn’t matter what the medium of exchange is, gold, silver, wampum, it is only worth as much as two or more people agree it is worth.
Money is more philosophical than it is practical. It represents a unit of work that a group agrees upon.
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Very perceptive comment. Thank you.
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