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Smoke and Mirrors: The Fed Doesn't Have Germany's Gold!
03-21-2013, 04:54 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. In a quote from an interview with King World News Turk stated:

Quote:“It’s quite clear that the German gold is being held hostage. They are not getting what they want. They are getting what the Federal Reserve is telling them they can have. The fact that they are doing it over 7 years rather than 7 weeks, is just an indication that gold probably isn’t in the Federal Reserve, and the Federal Reserve doesn’t want to have to go out and buy it overnight to fulfill the German demand. They are trying to stretch it out as long as possible in order to keep gold prices controlled.”

“I mean you can do 5 tons at a time on an airplane shipment. A few hundred shipments and you can have that gold back in a matter of weeks. The only possible conclusion you can make is the gold isn’t there.
Read more: dailybail.com

Heavens, who could have foreseen such a thing. coffeetime.gif pfft...

wonder.gif

03-21-2013, 04:59 PM #2
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
Quote:The only possible conclusion you can make is the gold isn’t there.

That's a reasonable assumption.

coffeetime.gif
03-21-2013, 05:01 PM #3
Shadow Incognito
 
hug.gif morning JR Octo hug.gif

If you don't hold it you don't own it
-Ponce Cuba

All those people with shares of ETFs, they don't own their gold either and never will. When paper PMs decouple from physical, all they'll have is pieces of paper. For every 100 oz of paper silver, there's one ounce of physical. This sort of shinanigan is what brought Japan down in the 90s only that was oil.
03-21-2013, 05:04 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
hug.gif Top o' the mornin' Shadow! Maybe they can use those pieces of paper to wipe their bungholes, all is not lost.

wonder.gif

03-21-2013, 05:06 PM #5
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
(03-21-2013, 05:04 PM)JayRodney Wrote:  hug.gif Top o' the mornin' Shadow! Maybe they can use those pieces of paper to wipe their bungholes, all is not lost.


Good idea. There sure is a lot of POO to be wiped.

Good morning Shadow hug.gif
03-21-2013, 07:26 PM #6
オタマジャクシ Member
Posts:1,098 Threads:31 Joined:Nov 2012
You need to correct the title - they don't use mirrors they just use smoke. Lots of smoke.
Anonymous Kritter Show this Post
03-21-2013, 07:47 PM #7
Anonymous Kritter Incognito
 

http://www.zerohedge.com/news/2013-03-02...w-york-fed

Sometimes its with the "fed fed" and then it might be stored with JP Morgan Fed Bank. Then move it about and loan it out as they see fit.

Picture from the article, insinuation there is a tunnel linking these two stewards of monetary finance.

[Image: CMP%20NYFed%20map.png]
03-21-2013, 09:41 PM #8
Cynicalabsurdance Member
Posts:10,569 Threads:240 Joined:Feb 2011
Quote : " Smoke and Mirrors: The Fed Doesn't Have Germany's Gold! "

They don't have mine either

they had to give it all to our new Masters ,,,,, China







Say ,,,, is that a Wok ?


Got Chopsticks ?
03-21-2013, 09:48 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
Got gold standard? chuckle.gif

wonder.gif

03-21-2013, 09:56 PM #10
Cynicalabsurdance Member
Posts:10,569 Threads:240 Joined:Feb 2011
Who me ?

no,,,,


not now ,,,,


read above
03-21-2013, 10:11 PM #11
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
I know, I was talking about the rumors floating around that China intends to tie the yuan to a gold standard, rendering faith based fiat worthless.

wonder.gif

03-21-2013, 10:43 PM #12
Cynicalabsurdance Member
Posts:10,569 Threads:240 Joined:Feb 2011
Wise Concept

they learn that from the U.S. ?
03-21-2013, 11:25 PM #13
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
chuckle.gif Yes, they figured out why the US had a robust economy prior to the Nixon admin.

wonder.gif

03-22-2013, 12:44 AM #14
Shadow Incognito
 
They'e talking about capital controls on all deposits before (if) banks open and a 40% haircut on uninsured accounts. And Cyp-riots starting. http://www.zerohedge.com/



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