pa2a.org


Share Thread:  
Germany repatriates its gold held in NY Fed
#1
http://www.zerohedge.com/news/2013-01-14...w-york-fed


"In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a "crazy, lunatic" dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most. In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending. "
glocke12, proud to be a member of pa2a.org since Sep 2012.
Reply
#2
This is going to be interesting..
Shrug Ive got my eyes on you
Reply
#3
Some predicted this would happen as the US fell further into debt.
Welcome to ObamaNation part deuxUtg
Reply
#4
Oh my Rolleyes Its purely a domestic political move after their recent audit debate. And if anybody cares, it was only in the US as protection in case of a USSR invasion of Germany.
Dave, proudly annoying members of pa2a.org since Sep 2012.
Reply
#5
Dave;67731 Wrote:Oh my Rolleyes Its purely a domestic political move after their recent audit debate. And if anybody cares, it was only in the US as protection in case of a USSR invasion of Germany.

Does that mean they're worried that the Ruskies are going to invade the US?
Reply
#6
Going to be funny when they find out it was already spent.
This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved. It is in the religion of ignorance that tyranny begins. -Ben Franklin
Reply
#7
streaker69;67732 Wrote:Does that mean they're worried that the Ruskies are going to invade the US?

As we needed more proof of why the internets love you so much. Tongue
Dave, proudly annoying members of pa2a.org since Sep 2012.
Reply
#8
streaker69;67732 Wrote:
Dave;67731 Wrote:Oh my Rolleyes Its purely a domestic political move after their recent audit debate. And if anybody cares, it was only in the US as protection in case of a USSR invasion of Germany.

Does that mean they're worried that the Ruskies are going to invade the US?

Wolverines!
I am not a lawyer.
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  Dresden marchers fan anti-Islam flames in Germany das 5 761 12-18-2014, 08:30 AM
Last Post: halftrack
  Nevada sheriff says Cliven Bundy must be held accountable for standoff das 0 382 07-06-2014, 06:24 PM
Last Post: das
  White girl assaults baseball bat held by Obama's son Ten*K 27 4,244 06-29-2014, 05:52 PM
Last Post: Hedosuperman
  NY Teen Held Sex Slave and Called FBI Daily, Agent Says Jon Doe 1 560 07-28-2013, 01:57 PM
Last Post: csmith
  fed: 5 years imprisonment and fines if you unlock your smartphone panopticonisi 23 2,137 07-02-2013, 11:20 AM
Last Post: Xavier



Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.