[MasdMnPa]

http://www.zerohedge.com/news/feds-g...ed-us-treasury


It is a long article.....


.....snip No - what the "conspiracy theorists" allege is that claims existing in paper format on the physical gold held under Liberty 33 are orders of magnitude greater than the actual physical gold these claims supposedly have recourse to. Indeed, this too was a conspiracy theory until the failure of MF Global proved it to be a conspiracy "fact" and the entire asset-liability rehypothecation daisy-chain threatened to begin unwinding in November of 2011, at which point forced delivery of hard assets would expose the entire facade of the modern financial system to be a hollow sham.

[CowextetleSix]

The Federal Reserve the biggest crook on the planet ......is getting Audited by the biggest Paper Pusher on the Planet.


Let Justice be done though the Heavens may Fall

[Unonounaple]

http://www.zerohedge.com/news/feds-g...ed-us-treasury


It is a long article.....


.....snip No - what the "conspiracy theorists" allege is that claims existing in paper format on the physical gold held under Liberty 33 are orders of magnitude greater than the actual physical gold these claims supposedly have recourse to. Indeed, this too was a conspiracy theory until the failure of MF Global proved it to be a conspiracy "fact" and the entire asset-liability rehypothecation daisy-chain threatened to begin unwinding in November of 2011, at which point forced delivery of hard assets would expose the entire facade of the modern financial system to be a hollow sham.

Yes, it's a very long article. But it should be read by all - it is chock full of insights and useful anecdotes. For me, this article illustrates perfectly that no one is in control at the top. There will be destruction of the currency and severe inflation becuase it is the path of least resistance. History has proven over and over again that men cannot be trusted to manage the coin of the realm. The power it unleashs, the monopoly on issuance of credit and specie, is too great for mortal men to resist, let alone egomaniacal sociopaths who thrive on controlling other people and whose time horizon doesn't extend beyond their next bonus or payoff. Any "audit" of gold by government is a worthless exercise as the government has no credibility whatsoever and it's conflict of interest in the matter is glaring and towering.

The only thing you can trust as a reliable store of wealth is physical gold and silver. Currencies come and go, as do governments and their self-serving central planning nostrums. When the best laid plans of men collapse in ruin and the dust settles, there you will find gold, standing timeless and indifferent to it all.

[bitymnmictada]

ZERO's Durden wrote: When we started reading the LA Times article reporting that "the federal government has quietly been completing an audit of U.S. gold stored at the New York Fed[eral Reserve Bank]"... And therein lies the problem...

The Federal Reserve is neither federal nor a reserve. It is a privately owned NON-USA Owners enterprise. It is part and parcel of the Rothschild's Empire, under the control of the Crown London. The FR is NOT a US people's owned bank.

Remember Ponce's saying? If we [the people] don't hold it, we don't own it!!!

The US Treasury has secure gold storage facilities of it's own...and the article lists them:
West Point,
Fort Knox,
US Mint in Denver.
THOSE are the locations of the current, sum total of "we, the people's" we hold it gold...IF it is there, there and there under OUR US Treasury's Physical Control, plus is ALSO the purity and quantity represented on OUR US Treasury's "Balance Sheet--in the Asset section"...THAT's the GOLD here in the US TREASURY, that WE THE PEOPLE's "gold crowd" would like audited, Dr. Paul.

The privately held inventory held by the NYFed is just that: privately held, and controlled. Their gold inventory does NOT represent the US Treasury's Gold Inventory. As ZERO's article goes on to state, " ...it is well known that the bulk of Europe's sovereign gold is also contained deep under downtown Manhattan: we wish them all the best when they attempt to repatriate the physical when they need it" That statement goes dirty dog double for "....any Rothschilds'[sic] Federal Reserve Owner wishing us all the best when we attempt to repatriate the physical [gold] when we need it, such as the day after the EUR US DOLLAR finally collapses."


beefsteak

[bitymnmictada]

And here's another problem with the "Audit process..." Perhaps the US Mint needs a new spokesperson!

A Mint spokesman said about 1 to 1.5 grams of each sample is destroyed in the assaying process, with the remaining granules returned to the government. Surely they meant, "returned to the FEDERAL RESERVE" right?

When gold is FIRE assayed, the gold is not destroyed, unless the metal being assayed is NOT gold in the first place! Even then, it is not destroyed! The resulting assayed gold simply changes shape: the gold is still there AFTER the assay is completed as a simply tiny, round, brilliantly pure, gleaming sphere, visible, and weighable.

No one goes around "destroying gold." At all times, gold is in either solid, liquid or gaseous form, remember? Assaying does not render gold into a vapor. Even in AAS assay's gold is in a dissolved form and aspirated through a flame. It doesn't get "destroyed" let alone vaporized.


beefsteak

[AlexBrith]

Auditing the Fed Is a Sideshow: Who Audits the Auditors?

[bitymnmictada]

I liked your metaphor, mick silver, and a carney sideshow, at that.

[Klorissana]

I find this rather disturbing.

[Kliopeion]

The Federal Reserve the biggest crook on the planet ......is getting Audited by the biggest Paper Pusher on the Planet.

Let Justice be done though the Heavens may Fall

it's a job-stimulus plan for Paper Clip manufacturers.

i prefer the Jumbo Metal clips myself, i can't stand those dinky little clips and i'm not crazy about plastic paper clips.

[bitymnmictada]

I find this rather disturbing.

Yeah, yours truly did a double take on that one too, down1, that is until I reminded myself that private corporation security is not a new invention.


beefsteak