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The serfs of the world (all of us but the elites) have been lied to about most religions, current events, economics, history and even ancient history. This includes all current and former government structures ranging from tribal chieftains, theocracies, monarchies and the divine right of kings and representative republics to democracy and mob rule, communism, fascism and the regulatory and debt democracy most Western nations suffer under today.
A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reserves worldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt.
We caught up w/ Doug Casey, founder of Casey Research and participant in our "Great Financial Debate: Carville vs. Krauthammer vs. Casey" (https://events.kitco.com/) at the 2012 New Orleans Investment Conference, and he shared with us some of the concepts from his panel discussions at the conference, as well as why he believes panic will be entering the gold market. Kitco News, October 29, 2012.
For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home.
German Politicians Demand to See Gold in US Federal Reserve
For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home.
The Federal Reserve, faced with a run on the gold bullion that is supposed to be in their vaults on behalf of foreign nations, must be gazing avariciously at China's riches.
Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“.
We have stated repeatedly that with repatriation and/or audit requests completed or in progress by Venezuela, Germany, Switzerland, and the Netherlands, The BOE and the Fed suddenly find themselves in a heap of trouble as the situation (and confidence that the Central banks actually still hold the tungsten gold reserves on deposit) is rapidly deteriorating.
