My understanding is that the U.S. has 70% of its currency backed by gold.
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There has not been a full audit of our Gold reserves since the 1950’s. Even when members of our Congress called for a full audit, it was never fully accomplished. Many “ rumors” we no longer have what we say we have,
“ How was the Fort Knox gold drain first discovered? Although the London Gold Pool and gold sales were by no means a secret, the full implication of the gold drain from America was understood by very few people until it hit one of the early tabloids in 1974. What followed was a typical scenario of government stonewalling, half-truths and lies that eventually backed the bureaucrats into a corner, but not without some dedicated work by one determined individual, Ed Durell.
Informant Dies Mysteriously
New York On July 3, 1974, 59-year-old Louise Auchincloss Boyer died after falling from the window of her 10th-floor apartment at 530 East 86th Street. The event was ruled a probable suicide and duly reported the next day in the New York Times. Note that Mrs. Boyer was the granddaughter of none other than Col. House, the man who guided the Federal Reserve Act through Congress for Morgan, Rockefeller, Warburg and company.….”
…and NO Nixon took us off the Gold standard when France ( DeGaulle) started turning in our Federal Reserve notes for physical gold. Well documented.
How was the Fort Knox gold drain first discovered?
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Thanks for the info. The “70% of U.S. currency backed by gold” was presented on Charles Payne (Fox Business). It seemed a bit optimistic.