Posted on 07/18/2014 6:35:46 PM PDT by SkyPilot
Paul Craig Roberts: The entire U.S. gold hoard is now gone
Former U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview:
Eric King: Dr. Roberts, I know you’ve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was your take when you saw that?
Paul Craig Roberts: Clearly what that means is that the United States doesn’t have the gold and cannot deliver it – and has forced Germany to come to terms with that, and to stop asking for it since it can’t be delivered … And so they [the U.S.] have told their puppet state [Germany] to shut up and come up with a different statement that they are content to leave [their gold] with the Fed. Perhaps they had to bribe them or give them other advantage. But, essentially, they have stopped any German agitation for the return of their gold because it can’t be returned.
King: What are the implications of that for other countries that have gold stored at the Fed? Because it’s outrageous they are not returning Germany’s gold.
Roberts: The implications are nobody will get it back. People in the gold market have suspected that the Fed used up all of the U.S. gold trying to suppress the price of gold over the years. And then after they ran out of U.S. gold, they started using all the gold left with the Federal Reserve on trust.
(Excerpt) Read more at wnd.com ...
per an advertisement China recently completed a storage vault that will hold 200,000 tons of gold. just like a horse, gold is only worth what someone is willing to pay for it and if necessary one can eat a horse
~850 tons of it, maybe 900+ counting 2014, has been minted into coin and sold to the public.
I “back of the napkin’d” this a couple years back, and they had already minted enough gold and silver that we have the same or more than we had in general circulation prior to the great thefts of 1933 and 1964/69.
I’ve always personally thought the currency end game has this as an “out” for folks, between circulating coin and “redemption as lawful money” (which is supposed to opt money off the Federal Reserve system), the citizenry has their solution/new currency right in front of their faces. Most are going to dance to the music right up to when it stops, but the prudent will have already picked and sat in their “chair” when it does.
Goldbug ping.
No! Really dude, we’re special. We’re gonna be the ones who finally get communism right too! /sarc
dollars backed by gold became petrodollars, keeping their global importance b/c oil was paid for in dollars by us and other countries.
“In 1971 Richard Nixon was forced to close the gold window taking the U.S. off the gold standard and setting into motion a massive devaluation of the U.S. dollar. In an effort to prop up the value of the dollar Nixon negotiated a deal with Saudi Arabia that in exchange for arms and protection they would denominate all future oil sales in U.S. dollars. Subsequently, the other OPEC countries agreed to similar deals thus ensuring a global demand for U.S. dollars and allowing the U.S. to export some of its inflation.
Since these dollars did not circulate within the country they were not part of the normal money supply, economists felt another term was necessary to describe the dollars received by petroleum exporting countries (OPEC) in exchange for oil, so the term petrodollar was coined by Georgetown University economics professor, Ibrahim Oweiss.”
https://en.wikipedia.org/wiki/Petrodollar
I have little doubt that Clinton left any gold for Obama to steal. That would explain why the camps are said to hate each other so much.
The only "direct" evidence is photographs and videotapes of the gold in the vaults at Fort Knox and the Fed as part of an independent audit by a 3rd party agency.
Good luck getting that in the next 24 months.
We have plenty warning flags, not the least being that Germany was promised the repatriation of its gold in 2013, and that promise was mostly reneged upon......again, by the Fed.
We also know that countries like India and China have been on a physical gold buying binge. In fact, the top 40 gold holding nations have added to their holdings in 2013 and 2014.
Our nation won't say what we have, and when a long time friend like Germany asked if it's property back that it only stored here, we stymied them.
Draw your own conclusions.
The Stock Market is the biggest inflated inner tube in history right now.
People have been pouring their money into it. All that Fed Pumped "money" had to go somewhere.
Market Watch (July 18, 2014) - We’re in the third biggest stock bubble in U.S. history
This bubble (obviously) is also made up of everyone's IRAs, 401Ks, and individual portfolios.
The geopolitical crisis we have now is causing fear, but that is only part of the story.
CNN (18 July 2014) - Fear returns to stock market
War in the Middle East, war in Ukraine, and instability everywhere. Our own US military has been cut, cut, and then cut again. On top of all of that, horrific decisions by Obama and Hagel have left it betrayed and demoralized.
A strong US military allowed the world to have economic stability and growth. The two were linked. The US military has been deliberately targeted, and now it cannot act in many instances even if we had the will.
A Stock Market crash is coming.
July 19, 2014 - Two signs a market crash is coming
You are one step out of phase..... money today is blips on an electronic ledger. The paper is a manifestation of the electronic ledger entry.
There is little real difference between a $100 bill and a promissory note. Both represent a promise to make adjustments to the electronic ledger
Not if it was moved out in small shipments over decades and disguised as routine transfers.
I heard that people in Ft Knox who actually handle the gold can only work in those positions for a short time.
I never understood why but now see it would allow the gold to be stolen in pieces without any workers realizing the big picture that it is all gone. It is not held in one big room but in many small vaults.
It would also enable a system where a small amount of gold is continuously shuffled around to create the illusion that there is much more.
With some intelligence and time, it is possible to pull off.
They’ve had half a century to move it. Gold doesn’t take up a lot of space. A little here, a little there, some spray panted tungsten bars, some “stolen” trucks, some bureaucratic snafus & red tape & stonewalling, some procedure changes ... what gold?
The solution to the national debt is going to be appropriating the IRA’s and 401K plans of the population and rolling the money into the Social Security system. Several countries have already done this and the IMF is encouraging this practice. The amount in these retirement accounts ($16 trillion) almost matches the national debt ($17 trillion). We will receive IOU’s for the money confiscated. No different than FDR confiscating gold in the 1930’s. This will all be done under the ruse of “safekeeping” and protecting citizens from volatility on Wall Street. The IOU’s will be “safe” US Treasury bonds yielding 2-3%.
Within a few years the government will have trouble meeting the demands for withdrawals from the retirement accounts and will make several changes:
1) The IRA/401K money in the “safe” accounts can no longer be passed down at death. The government will take it.
2) Limits on the amounts and timing of withdrawals even on the money the citizens once controlled.
3) Ultimately the money will be swept into regular social security accounts and means tested. After all it is only “fair”.
As to the currency I suspect the end game is a global currency or minimally a western hemisphere currency. The US dollar already circulates as the only currency or a secondary currency in some Central American countries. As far a precious metals in coinage, I don’t have an opinion. If the US $ totally collapsed I’m not sure how people will “value” gold and silver commemorative coins or the old silver coinage they have tucked away in piggy banks or drawers. In the initial stages of a currency meltdown it may be that useful items such as ammunition, medicine, canned and dehydrated food, and toilet paper have more value for barter than pieces of metal. Hopefully I won’t live to see it.
If we think Germans are ticked off about us spying on them, wait 'til they discover we've robbed them...
The bill does say “Note” right on it...
If we think Germans are ticked off about us spying on them, wait ‘til they discover we’ve robbed them...
Uh, excuse me but they already know it if it’s true.
Some people tell me this will never happen but they do not understand our spiritual forces at work here as well. We are living in an age of mass deception.
true...
rule of law was supposed to be the steel/concrete/rockhard foundation of EVERYTHING....and now we realize that with any political whim, the judges will protect and allow any and all criminal activity to benefit their puppet masters...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
