Posted on 12/07/2014 8:10:04 AM PST by Kaslin
Nobody trusts Obama and the Democrats.
why wouldn’t the world trust a country run by an imcompetent black marxist affirmative action boob and his behind-the-scenes marxist globalist wealth spreading handlers?
It’s a good thing Hillary and Obama invaded LIBYA and got Qadaffi’s gold for us. I’ll bet they sent it all to Fort Knox.
That’s the whole point.
The U.S. was once regarded as a lawful, honest, trustworthy, socially stable and militarily invincible haven.
Now, not so much.
“Whers’s It Going?”
Probably into the hands of insider Progressives who will weather the economic storm well, thank you.
(The scu&bags never cease to amaze.)
IMHO
Here’s a new and irritating way to understand why gold has value.
The Money Masters
https://www.youtube.com/watch?v=Dq9yjt_JbWs
Got it, thanks.
Virtually none of the gold at the New York Fed is owned by the U.S. About 98% of it is owned by foreign countries and the New York Fed keeps it for them. Most of the rest is owned by international organizations. During the Cold War a lot of European countries stored their gold in New York because there was the chance, however slim, of a Soviet invasion. Now that that is passed there is no reason to keep it off shore so to speak.
It says that no European in their right mind believes Russia has the slightest intent on invading Europe. Fantasies that Crimea hadn’t been Russian since Catherine Great notwithstanding. Bringing their gold out of our kleptocracy is very rational.
They know the score. Incidentally, it also says that they think gold may become important for some reason. Almost like they think fiat money won’t last forever.
Goldbug ping.
I hadn’t seen this. Could you please offer me some reading material?
I looked for it.
There was an article posted last year, around January, here on FR.
I couldn’t find it so I let it fly, in hopes that another Freeper would post it.
Thanks for your effort :). I’ll poke around.
Oh, I like your tag. None of us will live through it! Say it all the time.
The US treasury might still have the gold somewhere, but creditors may already have a lien on it. I wouldn’t be surprised if the US has multiple liens on individual units oh gold at this point.
The house of cards will come down, but it will take a crisis to do it.
During the time when Nixon took us off gold backing dollars, amid the ensuing turmoil, Paul Samuelson opined that the only reason gold had any value was because it could be converted into dollars. I got a new appreciation for the Alice in Wonderland concept that day.
Bingo!
“It’s a great life, if you don’t weaken”.
They may know something we don’t know.....FDR called in gold during the Great Depression, although it was mostly voluntary....BHO does make anything voluntary. He stole the WH and I am sure they are aware of that.
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