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To: Fitzcarraldo; Poohbah
Another interesting bit of information is that the IMF requires (not recommends, but requires) member Central Banks (which means every country) to report gold that has been leased out as included in their gold reserves. In other words, the widely believed 30,000+ tons of gold reported as global central bank reserves, are not actually in the vaults.

This has been confirmed by Phillippine, Portuguese, and Finnish central banks. The IMF requires them to list leased gold as reserves. Rumor has it that the German Bundesbank has leased every ounce of their reserves, as have many others.

Anyone who doesn't think Clinton managed to lease out most of America's gold probably believes he never had sexual relations with that woman, Miss Lewinsky.
87 posted on 07/24/2002 11:18:42 AM PDT by OK
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To: Fitzcarraldo; Poohbah
There is an excellent book on gold as money by a Swiss banker.

"Gold Wars" by Ferdinand Lips.
88 posted on 07/24/2002 11:26:23 AM PDT by OK
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To: OK; Fitzcarraldo; Poohbah
Also, no country can be an IMF member if it bases its currency on gold!!! That's right. Under the IMF Articles of Agreement, Section 4-2b, a member may link its currency to biscuits or sour pickles, but not to gold. In an open letter to Greenspan and O'Neill, Dr. Ron Paul (Rep. TX) asked for the justification of this policy. Not surprisingly, he hasn't heard back, yet, from either gentleman.
106 posted on 07/24/2002 11:54:18 AM PDT by Deuce
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