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Weekly COMEX Gold Inventories: Huge Gold Withdrawal From JPMorgan Warehouse Headed East
Seeking Alpha ^
Posted on 01/26/2014 4:22:12 PM PST by Red in Blue PA
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To: allendale
They financed close to a trillion dollars of ghost cities that sit empty and are decaying.
OTOH, you have to hand it to the Chinese.....at least they have something to show for it. The money from the stimulus is gone forever, with not even one phantom city to show for it.
21
posted on
01/26/2014 4:55:43 PM PST
by
Red in Blue PA
(When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
To: RoosterRedux
The Federal Reserve has printed a huge amount of currency as “quantitative easing” Hence your deposits are “safe” for the moment but that is not to say that American banks have not done essentially the same squandering of capital as the Europeans and Chinese. The US liquidity crisis is papered over and eventually your dollar deposits will be worth less unless there is spectacular real economic growth. The Europeans are squeezed because Northern European countries that have a high savings rate have successfully resisted to date the printing of euros.
To: Red in Blue PA
Don't worry, when we run out of gold, we can give people dollars!
23
posted on
01/26/2014 5:27:49 PM PST
by
PGR88
To: smoothsailing
24
posted on
01/26/2014 5:31:21 PM PST
by
onyx
(Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
To: House Atreides
25
posted on
01/26/2014 5:37:46 PM PST
by
STJPII
To: House Atreides
To keep some perspective, ten tons sounds like a lot but the standard ordinary central bank transaction is in the neighborhood of 400 tons.
To: Red in Blue PA
No doubt, O is selling off America’s gold treasury to further destroy the country’s future.
27
posted on
01/26/2014 5:38:59 PM PST
by
Rapscallion
(Had enough? Let me know.)
To: hinckley buzzard
At $1270/oz, ten tons is valued at 408 million dollars. Hardly an earthshaking amount.
To: laplata
I know it scares me like nothing else not really for me but for my nieces and nephews and there kids and for all the good young people of this once great country
29
posted on
01/26/2014 5:41:42 PM PST
by
al baby
(Hi MomÂ… I was refereeing to Obama)
To: House Atreides
A currency war with China?
30
posted on
01/26/2014 6:11:34 PM PST
by
GOPJ
(Liberals never let something as petty as being 100% wrong stop them - Blood of Tyrants)
To: Irenic
That chart of JPMorgan is scary. Scarier is it’s close association with Soros.
31
posted on
01/26/2014 6:23:08 PM PST
by
bgill
To: Irenic
FYI, JPMorgan is also the bank that handles all the EBT transactions and iirc gets 2% of each.
32
posted on
01/26/2014 6:25:18 PM PST
by
bgill
To: al baby
I agree. The young and good people don’t deserve the future that the bastards are bringing upon them.
33
posted on
01/26/2014 6:26:34 PM PST
by
laplata
(Liberals don't get it .... their minds are diseased.)
To: onyx
“Im not permitted to read page 2.”
sign up for free account and then you can read.
34
posted on
01/26/2014 6:26:39 PM PST
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: Red in Blue PA
When they start moving gold around in that quantity, get worried.
Remember, just before China was abandoned, Chiang Kaishek sent truck after truck to empty all the Chinese banks.
To: GOPJ
Your guess is close, except that it’s U.S. bankers and investors joining in a foreign currency war against the U.S., which will harm U.S. exports. With the tapering talk and other propaganda, they drove down some currencies of trading partners that we already have extreme trade imbalances with. We don’t have the production to pay so much debt used to buy foreign products and keep so many anti-competition government offices going, but they smell blood and want more. Here’s the real news behind the noise.
http://blogs.wsj.com/moneybeat/2014/01/24/will-fed-pause-on-jittery-financial-markets/?mod=WSJ_hpp_sections_markets
Will Fed Pause on Jittery Financial Markets?
Wall Street Journal
By Cynthia Lin
Jan 24, 2014
If tensions across financial markets intensify, could it throw a wrench in the Feds tapering plan?
36
posted on
01/26/2014 6:31:28 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: RoosterRedux
I have moved $25K in the last 3 weeks with no problem (between banks and brokerage accounts).take it out in cash , then take it to another bank and deposit it. Let me know if you have "any problems".
37
posted on
01/26/2014 6:32:23 PM PST
by
Dick Vomer
(democrats are like flies, whatever they don't eat they sh#t on.)
To: hinckley buzzard
“At $1270/oz, ten tons is valued at 408 million dollars. Hardly an earthshaking amount. “
Not trivial either: equals .005% of the total amount of gold estimated to be mined in all of human history
38
posted on
01/26/2014 6:33:32 PM PST
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: Red in Blue PA
Notice that the gold is going east—not west.
39
posted on
01/26/2014 6:34:21 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: RoosterRedux
40
posted on
01/26/2014 6:38:58 PM PST
by
Vermont Lt
(If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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