So [the Fed] used the German gold. I suspect that is true because what we have seen in recent years, especially since gold peaked at [roughly] $1,900 an ounce in 2011, we have seen more and more reliance on dumping huge amounts of naked gold shorts on Comex during hours in which there is no trading, in order to knock the gold price down and suppress it. So they protect the dollar from quantitative easing by shorting the paper gold market, the futures market. If they still had stocks of gold that they could lease to bullion dealers to sell on the market, they would still be using that technique.
1 posted on
07/18/2014 6:35:46 PM PDT by
SkyPilot
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To: SkyPilot
Fiat currency is fully backed by the police state.
46 posted on
07/18/2014 8:03:23 PM PDT by
grumpygresh
(Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
To: SkyPilot
Will the Stock market notice on Monday or is it already factored in ?
51 posted on
07/18/2014 8:21:36 PM PDT by
molson209
(Blank)
To: SkyPilot
Hard money and moral integrity go hand-in-hand. It is no accident that the political elite who ALL KNEW that JFK stole the 1960 election and that LBJ murdered JFK, and who legalized abortion, should have converted the U.S. to fiat money.
To: SkyPilot; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
63 posted on
07/18/2014 10:09:52 PM PDT by
Jet Jaguar
(Resist in place.)
To: SkyPilot
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. If we think Germans are ticked off about us spying on them, wait 'til they discover we've robbed them...
74 posted on
07/19/2014 8:55:58 AM PDT by
GOPJ
(To learn who rules over you, simply find out who you are not allowed to criticize-Voltaire)
To: Abathar; Abcdefg; Abram; Abundy; albertp; Alexander Rubin; Allosaurs_r_us; amchugh; ...
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.
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80 posted on
07/27/2014 9:36:16 AM PDT by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: SkyPilot
Let’s see the audit report from Fort Knox.
They said the same thing in the wake of the Nixon Presidency - King Richard has stolen all the gold! It was there. I helped move it in support of the audit in ‘77, and knew others who did the same in ‘76, ‘78 and ‘79.
83 posted on
07/27/2014 1:45:46 PM PDT by
FreedomPoster
(Islam delenda est)
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