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It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

Tyler Durden's picture





 

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.

Much more importantly, it is being telegraphed as such, with Buba fully aware of just what the consequences of this (first partial, and then full; and certainly full vis-a-vis the nouveau socialist regime of Francois Hollande which will soon hold zero German gold) repatriation will be in a global monetary arena, which is already scraping by on the last traces of faith in a monetary system that is slowly but surely dying but first diluting itself to oblivion. And in simple game theory terms, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best. Then the second. Then the third. Until, in this particular case, the last central bank to pull its gold from the NY Fed and the other 2 primary depositories of developed world gold, London and Paris, just happens to discover their gold was never there to begin with, and instead served as collateral to paper gold subsequently rehypothecated several hundred times, and whose ultimate ownership deed is long gone.

It would be very ironic, if the Bundesbank, which many had assumed had bent over backwards to accommodate Mario Draghi's Goldmanesque demands to allow implicit monetization of peripheral nations' debts has just "returned the favor" by launching the greatest physical gold scramble of all time.

From Handelsblatt:

Die Bundesbank hat ein neues Konzept ausgearbeitet, wo sie künftig ihre Goldreserven lagern will. Nach Informationen des Handelsblatts (Dienstausgabe) sieht dieses Konzept, das am kommenden Mittwoch bekanntgegeben werden soll, vor, den heimischen Standort aufzuwerten, in New York dafür weniger Gold zu lagern und überhaupt kein Gold mehr in Paris zu horten.

 

Derzeit lagert das Gold der Bundesbank ihren Angaben zufolge in New York, London, Paris und Frankfurt. In der amerikanischen Notenbank Fed lagern 45 Prozent der insgesamt 3.396 Tonnen Gold, in der Bank of England in London 13 Prozent, in der Banque de France in Paris elf Prozent und im Hauptsitz in Frankfurt 31 Prozent. Diese Verteilung soll sich nun ändern.

We present it in the original for fear of losing something in translation, but in broad English terms the above reads as follows:

The German Bundesbank is developing a new approach as to where its gold will be stored. According to exclusive information, to be fully announced on Wednesday, the bank will in the future hold less gold in the New York Fed, and no more hold in Paris (Banque de France). As a result, the distribution of German gold, of which 45% is held in New York, 13% in London, 11% in Paris and 31% in Frankfurt, is about to change.

There is no need to explain why this is huge news (for those who have not followed our series on the concerns and issue plaguing German gold can catch up here, here, here, here, and certainly here) . At least no need for us to explain. Instead we will let the Bundesbank do the explanation. The following section is the answer provided by the Bundesbank itself in late October in response to the question why it does not move the gold back to Germany:

The reasons for storing gold reserves with foreign partner central banks are historical since, at the time, gold at these trading centres was transferred to the Bundesbank. To be more specific: in October 1951 the Bank deutscher Länder, the Bundesbank’s predecessor, purchased its first gold for DM 2.5 million; that was 529 kilograms at the time. By 1956, the gold reserves had risen to DM 6.2 billion, or 1,328 tonnes; upon its foundation in 1957, the Bundesbank took over these reserves. No further gold was added until the 1970s. During that entire period, we had nothing but the best of experiences with our partners in New York, London and Paris. There was never any doubt about the security of Germany’s gold. In future, we wish to continue to keep gold at international gold trading centres so that, when push comes to shove, we can have it available as a reserve asset as soon as possible. Gold stored in your home safe is not immediately available as collateral in case you need foreign currency. Take, for instance, the key role that the US dollar plays as a reserve currency in the global financial system. The gold held with the New York Fed can, in a crisis, be pledged with the Federal Reserve Bank as collateral against US dollar-denominated liquidity. Similar pound sterling liquidity could be obtained by pledging the gold that is held with the Bank of England.

And in case the above was not clear enough, below is the speech Buba's Andreas Dobret delivered to none other than NY Fed's Bill Dudley in early November:

Please let me also comment on the bizarre public discussion we are currently facing in Germany on the safety of our gold deposits outside Germany – a discussion which is driven by irrational fears.

 

In this context, I wish to warn against voluntarily adding fuel to the general sense of uncertainty among the German public in times like these by conducting a “phantom debate” on the safety of our gold reserves.

 

The arguments raised are not really convincing. And I am glad that this is common sense for most Germans. Following the statement by the President of the Federal Court of Auditors in Germany, the discussion is now likely to come to an end – and it should do so before it causes harm to the excellent relationship between the Bundesbank and the US Fed.

 

Throughout these sixty years, we have never encountered the slightest problem, let alone had any doubts concerning the credibility of the Fed [ZH may, and likely will, soon provide a few historical facts which will cast some serious doubts on this claim. Very serious doubts]. And for this, Bill, I would like to thank you personally. I am also grateful for your uncomplicated cooperation in so many matters. The Bundesbank will remain the Fed’s trusted partner in future, and we will continue to take advantage of the Fed’s services by storing some of our currency reserves as gold in New York.

Incidentally, what Zero Hedge did provide after this article, was factual evidence that the Buba's very much "trusted partner" had been skimming it on physical gold deliveries on at least one occasion, in "Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..."

So we wonder: what changed in the three months between November and now, that has caused such a dramatic about face at the Bundesbank, and that in light of all of the above, will make is explicitly very unambigous that the act of gold repatriation, assuming of course that Handelsblatt did not mischaracterize what is happening and misreport the facts, means the "excellent relationship" between the Fed and Buba, not to mention Banque de France which will shortly hold precisely zero German gold, has just collapsed.

Also, if the Bundesbank is first, who is next?

Finally, once the scramble to satisfy physical gold deliverable claims manifests itself in the market, we can't help but wonder what will happen to the price of gold: both paper and physical?

 


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Mon, 01/14/2013 - 21:58 | Link to Comment AgAu_man
AgAu_man's picture

Quick, Buffet, where's that damn Tungsten you got for us, when you bought all those MF'ing Tungsten mines!?

Mon, 01/14/2013 - 21:59 | Link to Comment Smuckers
Smuckers's picture

Watch CNN for a pending rash of international boating accidents.

Mon, 01/14/2013 - 22:01 | Link to Comment Cabreado
Cabreado's picture

Classic behavior of the Narcissist and Sociopath feeling and fearing loss of control is ratcheting up.

Take it seriously.

As if they do not cause enough damage on their never-ending journey of Control,

when they sense exposure -- when the facade that is their very being is threatened,

strange and dangerous things happen.

Mon, 01/14/2013 - 22:04 | Link to Comment NaN
NaN's picture

Last one out is a rotten egg... or tungsten.

 

Mon, 01/14/2013 - 22:06 | Link to Comment AgAu_man
AgAu_man's picture

Kitco, here we come for our Precious...  and you'd better not screw us because you claim that you got royally screwed by the Royal bloody Aussie Mint and the Royal bloody Canadian Mint!

Mon, 01/14/2013 - 22:06 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

If you run around with a bunch of phycothpaths,that all lie for a living and you know cause you are one of them which one would you trust to hold your gold...???

Tue, 01/15/2013 - 00:38 | Link to Comment DaveyJones
DaveyJones's picture

honor amongst thieves

oh, someone already called it

Mon, 01/14/2013 - 22:09 | Link to Comment Richard Head
Richard Head's picture

This is clearly bullish for equities.

Mon, 01/14/2013 - 22:11 | Link to Comment alfbell
alfbell's picture

The gold will probably be flown over. Too bad it doesn't go by ship and Somalian pirates hijack them.

Or...

It arrives and turns out to be tungsten with a gold leaf covering.

Or...

"Fuck you Germany. We considered this gold your WWII reparation payments, liquidated it and distributed the funds to all the countries that you fucked over. Most of those monies are in Israel."

Hmmm... central banks and governments are buying lots of gold lately. And now they are taking physical possession. Wonder what is going on?

Mon, 01/14/2013 - 22:13 | Link to Comment Stares straight...
Stares straight ahead's picture

Tungsten, Bitchez!

Mon, 01/14/2013 - 22:14 | Link to Comment Seasmoke
Seasmoke's picture

Stay out of tall buildings with gold in the basement

Tue, 01/15/2013 - 06:34 | Link to Comment chaartist
chaartist's picture

as an additional note. After collapse, the gold evaporates. We have proof from NYC..

Mon, 01/14/2013 - 22:15 | Link to Comment erg
erg's picture

For whatever strange reason a Monty Python skit came to mind. Confuse a cat.

http://www.youtube.com/watch?v=B2Je1CEPkUM

Mon, 01/14/2013 - 22:37 | Link to Comment Rusty Shorts
Rusty Shorts's picture

...just thinking of this, for whatever reason. Cheers.

http://www.youtube.com/watch?v=j5aN0VmvFn4

Mon, 01/14/2013 - 22:15 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

sing along KEEP MY GOLD, MAKE MY GOLD....

take it out real fast, b'fore its sold, be so bold, just move my gold,

forgive us Foible,  ve dont bend ovr;

veer German not Swisstoble,

and vee dont vant to be schtupped like MF Global.........

 

 

Mon, 01/14/2013 - 22:16 | Link to Comment bugs_
bugs_'s picture

allright this coin idea IST KAPUT!!!

can you believe those DUMMKOPFS?????

this is the last straw i think we need to get our gold back SCHNELL!!

before they come up with an even more ridiculous plan!

Mon, 01/14/2013 - 22:16 | Link to Comment Smuckers
Smuckers's picture

Das ist bullish!

Mon, 01/14/2013 - 22:17 | Link to Comment AgAu_man
AgAu_man's picture

That's because, in a recent meeting with the Chinese leadership, Germany's Chancellor Angela Merkel was advised about the dangerours fiscal course she was on.

They reminded her of an old Confucious saying: "Woman who fly airplane upside down, will crack up".

Mon, 01/14/2013 - 22:54 | Link to Comment Westcoastliberal
Westcoastliberal's picture

strike will, it's has. Thanks for playing.

Tue, 01/15/2013 - 00:17 | Link to Comment AgAu_man
AgAu_man's picture

Verdammt!  Messed up the naughty joke.  Should have read "Woman who fly airplane upside down, will have crack up." 

Mon, 01/14/2013 - 22:18 | Link to Comment j-dub
j-dub's picture

Hopefully the gun ban won't take effect before Bernanke gets a chance to shoot himself.

Mon, 01/14/2013 - 22:21 | Link to Comment hairball48
hairball48's picture

Timmmmaayyyyyyy, Where are you??? :)

Mon, 01/14/2013 - 22:21 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

Gold is a life boat in a world of hyperinflated currencies. I'm fairly certain no one knows the signs of hyperinflation better then the Bundesbank.

Mon, 01/14/2013 - 22:27 | Link to Comment the grateful un...
the grateful unemployed's picture

so why is german gold in the fed reserve bank in the us? hi neighbor, i am worried that the banks might shut down, can i put my money in your mattress?

Mon, 01/14/2013 - 22:30 | Link to Comment logicalman
logicalman's picture

"The gold held with the New York Fed can, in a crisis, be pledged with the Federal Reserve Bank as collateral against US dollar-denominated liquidity."

Can someone remind me what a 'pledge' is worth in the banking world?

 

Thanks, in advance.

Mon, 01/14/2013 - 22:52 | Link to Comment AgAu_man
AgAu_man's picture

It's worth having your Manchurian Candidate in the WH.  Look up IEEPA, i.e. http://en.wikipedia.org/wiki/International_Emergency_Economic_Powers_Act

Ever heard of "Possession in 9/10 of the law?"

Mon, 01/14/2013 - 23:06 | Link to Comment nmewn
nmewn's picture

This.

Trust, is very underrated.

Mon, 01/14/2013 - 22:53 | Link to Comment U4 eee aaa
U4 eee aaa's picture

A pledge is the guy trying to get into your fraternity that bends over and takes some whacks to the nether regions

it's pretty similar in banking terms

Tue, 01/15/2013 - 03:12 | Link to Comment From Germany Wi...
From Germany With Love's picture

A pledge? Isn't that something they do on kickstarter?

Mon, 01/14/2013 - 22:31 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Good Luck, Germany....

http://www.youtube.com/watch?v=XRCR3TtKGoU

 

Mon, 01/14/2013 - 23:15 | Link to Comment Muddy1
Muddy1's picture

"So we wonder: what changed in the three months between November and now, that has caused such a dramatic about face at the Bundesbank"  ANSWER:  the reelection of Obama

"if the Bundesbank is first, who is next?"  Hugo Chavez was first.

 


Mon, 01/14/2013 - 22:33 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Can't the US just tell Germany that "Thats not how US "diversity" works ?

"Returning your gold is not fair to the poor or to the underserved communties. Why are you so mean and so selfish? "

"Here have an Obama platinum coin that we say is the same value as your gold".

"Thanks man" You are cool".

Mon, 01/14/2013 - 22:35 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

The Fed will send them some radioactive gold from a misguided neutron absorption/alchemy experiment conducted at Oak Ridge in 1959. 

 

Mon, 01/14/2013 - 23:21 | Link to Comment newengland
newengland's picture

Good. 

The WWI AshkeNAZI schemes moved West to the USA, and founded the un-Federal no-Reserve Board of private banksters.

The Zionist Post WWII AshkeNAZI doubled down on their schemes when their pet Hitler lost, and Nazis were drafted in to serve the CIA.

Ordinary Jews and ordinary Christians never voted for that. And there is no reason for anyone to put up with this pretence of Soros, Bloomberg, Feinstein, boy Obama et al crypto-communists and AshkeNAZI corporatist schemes any longer.

Oh, and the Vatican banksters are the worst, also crypto NAZI.

Gold and silver are the people's protection against paper printed fake promises from aggressive self-serving governments, and their apparatchiks.

Long live the Republics, founded by the Judeo-Christian tradition, and too long abused by the crypto-communists, corporatists and Vatican NAZIS.

Mon, 01/14/2013 - 22:38 | Link to Comment digalert
digalert's picture

German friends, you might want to run the bars through a refinery first. Check for degradation. I've seen solid gold bars deteriorate into 90% tungsten. This phenomena normally occurs from the inside out. Water damage is another concern, especially with New York history of flooded vaults. Gold coming in contact with water may be destroyed, worthless, ruined.

Mon, 01/14/2013 - 22:58 | Link to Comment jomama
jomama's picture

water/salt water/ocean water cannot and do not corrode gold.

Mon, 01/14/2013 - 23:30 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

water/salt water/ocean water cannot and do not corrode gold

...but can turn paper gold into a pulpy mess.

Tue, 01/15/2013 - 00:24 | Link to Comment Teamtc321
Teamtc321's picture

water/salt water/ocean water cannot and do not corrode gold.

 

MDB, Is that you?

Tue, 01/15/2013 - 10:25 | Link to Comment jomama
jomama's picture

dafuq are you blathering about?

the only thing that will degrade gold is a high acid solution of 1 part HNO3 and 3 parts 5N HCl.

amatuer.

Tue, 01/15/2013 - 09:53 | Link to Comment Acet
Acet's picture

I'm curious: did you hear the WHOOSH that the joke made while going over your head at high speed, or did you not notice it?

Tue, 01/15/2013 - 10:20 | Link to Comment jomama
jomama's picture

call me a purist.

Mon, 01/14/2013 - 22:37 | Link to Comment Budd aka Sidewinder
Budd aka Sidewinder's picture

I soooooo can't wait for the next NEXT Die Hard movie where John McClain stops the terrorist plot led by Hans Gruber III to sink the ship full of German gold and use deep sea vehicles to recover it. 

 

Not a bad idea

Mon, 01/14/2013 - 22:38 | Link to Comment ruffian
ruffian's picture

The NYF will return Germany's gold or the Bundesbank will dump all their dollar reserves and buy gold in the open market thereby destroying the dollar as the GRC 

Mon, 01/14/2013 - 22:39 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

You didn't own that!

Mon, 01/14/2013 - 22:50 | Link to Comment earleflorida
earleflorida's picture

'this useless relic has found its glitter... no more a cage'd harlot, but rather an ageless element of our atheistic-darwinism culture, coming to terms in a future where the alchemist must retire his mercurial laurels for a parting glass of hemlock- never no more?!'

http://www.dtcc.com/news/press/releases/2013/dtcc_urges_cftc.php

http://www.cftc.gov/international/memorandaofunderstanding/index.htm

does this equation make sen$e? MOU = MAD

thankyou tyler 

Mon, 01/14/2013 - 23:00 | Link to Comment earleflorida
Mon, 01/14/2013 - 22:41 | Link to Comment yogibear
yogibear's picture

Check the gold. Tungsten 80% Gold 20%.

Mon, 01/14/2013 - 22:42 | Link to Comment ZeroAvatar
ZeroAvatar's picture

Lease rates TO THE MOON, Bitchez!

Mon, 01/14/2013 - 23:00 | Link to Comment you enjoy myself
you enjoy myself's picture

that's what i'm wondering - if 1,600 tons of physical are removed from the asset daisy chain, how many tons of paper gold disappear along with that?

Mon, 01/14/2013 - 23:35 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

that's what i'm wondering - if 1,600 tons of physical are removed from the asset daisy chain, how many tons of paper gold disappear along with that?

It would be 9/11 times 100!

http://www.youtube.com/watch?v=zZcZ6eJoxeE

Mon, 01/14/2013 - 22:43 | Link to Comment f16hoser
f16hoser's picture

'Bout fucking time. Expose the fed for what it really is. Counterfeiting Ring.

Mon, 01/14/2013 - 22:45 | Link to Comment americanspirit
americanspirit's picture

Gold - you want gold. Oh, sorry, we thought you wanted geld. That's why we sent you those pallets of paper money. But since you took delivery, our obligations to you are satisfied. After all, our US geld is as good as gold. Sorry, bitchez.

Mon, 01/14/2013 - 22:56 | Link to Comment Rusty Shorts
Rusty Shorts's picture

hmm, "geld", very interesting.

http://www.youtube.com/watch?v=SQyUKnCf0YY

Mon, 01/14/2013 - 22:47 | Link to Comment Magnum
Magnum's picture

Curious about all the cash 4 gold shops opening up around USA, is a buyer with a printing press and a quota for Deutschland behind the curtain?

Mon, 01/14/2013 - 23:42 | Link to Comment Dr. Engali
Dr. Engali's picture

In a word... Yes. They allow the paper price to rise so they can get the low hanging fruit off the streets. Then once they have that they allow it to rise some more to attract new sellers. When they are ready to sell it back to the street they will allow gold to take off. Then they'll sell it back to John Q. Public for $10,000 an ounce in a mad dash.

Mon, 01/14/2013 - 22:50 | Link to Comment U4 eee aaa
U4 eee aaa's picture

So do they think the US is going to go all total state on them? They want to get it out of the country before there are tanks rolling down New York streets?

Mon, 01/14/2013 - 22:51 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Paging Dr. Tungsten, paging Dr. Tungsten, gold courtesy phone...

Tue, 01/15/2013 - 06:28 | Link to Comment Supernova Born
Supernova Born's picture

Yeah, tungsten will fool the Germans.

The ability to check gold's authenticity is thousands of years old.

Now the Frenchies...?

The Frenchies not "playing along" helped close the gold window back in 1971. Seems the Germans are going to re-open it.

Bankster Bitchez, meet the usual troublemaker.

Mon, 01/14/2013 - 22:51 | Link to Comment lolmao500
lolmao500's picture

Prepare to bend over...

http://www.politico.com/story/2013/01/biden-guns-executive-actions-86187...

The White House has identified 19 executive actions for President Barack Obama to move unilaterally on gun control, Vice President Joe Biden told a group of House Democrats on Monday, the administration’s first definitive statements about its response to last month’s mass shooting at Sandy Hook Elementary School.

Fucking traitors, all of them.
Mon, 01/14/2013 - 23:14 | Link to Comment newengland
newengland's picture

Fucking dead traitors if they carry on like this, and their constituents get a hold of them.

Update on the Sandy Hook massacre:

The official story continues to disintegrate. The license plate on the car alleged to be owned by dead CIA agent Nancy Lanza, employed by a bank, and allegedly used by the lone shooter son Adam is registered to an owner in southern CT who was convicted of drug crimes.

Uncensored first report police audio and visual scanners  name  a maroon van occupied by fleeing suspects, some dressed as nuns, and the arrest of other people in the woods nearby.

The official version of events conflicts wildly with the limited audio and visual evidence shortly after the incident - and that evidence has been scrubbed from the internet in the last 48 hours.

There is no way that a 20 year old lone gunman, alleged to be mentally ill and drugged, could carry an armful of guns into the school and strike  a near 100% kill rate in less than 10 minutes - something only multiple assassins could do.

And the other cars with bullet holes in the car park tell their own silent forensic story...by the trajectory from a roof top.

PS

Hysterical CNN coverage by Vanderbilt brat Anderson Cooper who served two summers as an intern at the CIA in his youth.

Mon, 01/14/2013 - 23:45 | Link to Comment Terminus C
Terminus C's picture

Here is something I have been thinking about for a while...  Did the shooting even happen or, is this a "Wag the Dog" event?

Mon, 01/14/2013 - 23:56 | Link to Comment samsara
samsara's picture

http://www.infowars.com/gladio-black-ops-didnt-end-with-cold-war/

 

"During a discussion covering numerous discrepancies and bizarre accounts in the movie theatre shooting in Aurora, Colorado, and the Sandy Hook school massacre in Newtown, Connecticut, Darrin McBreen asked the author: “Do you think they are barbaric enough to kill innocent children as an excuse to attack our 2nd Amendment?”

“Yes,” said Cottrell."

Tue, 01/15/2013 - 00:29 | Link to Comment newengland
newengland's picture

Post WWII, Nazis were brought to the USA to continue their experiments, assisted by the CIA. The CIA has continued to refine methods of mind control, using hypnosis, drugs and technology (most recently, computers). The aim is to create remote control assassins who have no memory of their deeds, and will over ride any moral impulse they may have had due to their upbringing.

Unfortunately, Connecticut was a major site of these experiments. For example, JD Salinger of Russian Jewish descent and famed author of 'Catcher in the Rye' worked for the U.S. security services witht the specific job of guiding Nazi scientists into their new role at research centres in the U.S. - primarily colleges, and Fairfield University in particular ... which is within the Diocese of Bridgeport in CT whose catholic regime was shamed by prosecution for paedophile priests.

Senator Richard Blumenthal, former CT Attorney General, unleashed a prosecution to get rid of organised crime against children, and upset the status quo.

It has been the policy of the CIA to use and abuse children in pursuit of its Nazi agenda of experimentation, and training remote control killers. Fact.

The CIA name for this program is MKULTRA, and Salinger used some of its code words in his 'great American literature', Catcher in the Rye. He should know, and I'm glad he is dead. Pity he lived so long.

And by the way, here's another discrepancy: Newtown is predominantly jewish, yet photos in the aftermath of the shootings show two or three 'nuns' in the kind of garb that has not been used by the catholic church for a long time, like something out of a Hollywood 'B' movie. Convenient for hiding anything beneath the cloth, though. Like guns, perhaps.

Who would suspect a 'nun' mingling with the crowds? That would be paranoid, right? But this: no local church recognises those 'nuns' or their 'habit'. Just as the first official  account of Nancy Lanza as a school teacher was found to be a lie when the local school board said they never heard of her.

The CIA has a habit of letting things 'play out'; official policy.

 

Tue, 01/15/2013 - 00:02 | Link to Comment newengland
newengland's picture

I don't know, but I know this: the official version of events is a pack of lies. Why and who dunnit? I don't know.

 

Tue, 01/15/2013 - 02:04 | Link to Comment Flatchestynerdette
Flatchestynerdette's picture

And they relocated 22(?) children, held funerals for them and everything else as a staged event???? Where are the kids now? The "other" side of Gitmo? For heaven's sake:Their families are still in Sandy Hook.

ok. Time to go to sleep.

 

Until I hear of a large group of children showing up in a town with no parents along with a teacher/principal - call me.

Tue, 01/15/2013 - 01:59 | Link to Comment Flatchestynerdette
Flatchestynerdette's picture

You've certainly presented some serious and interesting theories/accusations.

But I'm sorry, it sounds too much like a conspiracy theory and I'm not buying it at this time.

However, its just my opinion so don't be bothered, its s about as worthless as the kibble I put out for the neighborhood homeless cat.

 

Tue, 01/15/2013 - 12:02 | Link to Comment chaartist
chaartist's picture

this is again extremely disturbing and my gut feeling tells me from the first moment that it is unbelievable story for a reason and more strnghtened by the fast action afterward we see in the past few days in news.

Mon, 01/14/2013 - 23:20 | Link to Comment AgAu_man
AgAu_man's picture

Article says ...“I think everybody acknowledges that the assault weapons ban is a challenge, but other things — like the size of the magazines, the background checks, straw purchases — are all things that have a good chance of passing”

These look like Exec Order items.  Ok, that's 3 of 19.  What are the other 16?

Mon, 01/14/2013 - 22:57 | Link to Comment chump666
chump666's picture

Peg it to the soon-to-be new D-Mark.  Good move.

Obama is pegged to Japan and China, all three are printing to war.

 

Mon, 01/14/2013 - 22:56 | Link to Comment ISEEIT
ISEEIT's picture

I just keep getting this..................

"Possesion is 9/10th of the law and so this extremist demand must not be bargained with".

Enter the true sellout ..uhhh, cough , cough ( fuck me so horney: Now me so embarassed..OMG!)

Barack motherfucking obama?

What a fucking tool.

Even real Nigga's see he is shit.

Just a sellout, punk ass nigger.

Poser, fake, punk, bitch.

He sure as hell ain't no man, let alone a Black one.

 

Mon, 01/14/2013 - 22:58 | Link to Comment ebworthen
ebworthen's picture

Good for Germany.

Gold is real money.

Fiat is toilet paper, especially the U.S. Dollar thanks to Ben Bernanke, Hank Paulson, Timothy Geithner, CONgress, and all the other criminal cronies in Washington and Wall Street who think the average person is not paying attention.

I am paying attention you FUCK WADS.

Mon, 01/14/2013 - 22:58 | Link to Comment lolmao500
lolmao500's picture

While Cuomo and the other traitors in NY are doing their treasonous deed during the night...

http://abcnews.go.com/US/wireStory/ap-sources-ny-tentative-deal-gun-cont...

Cuomo said lawmakers now have a gun proposal negotiated with legislative leaders. The Senate and Assembly could vote on the law Monday night. Cuomo has issued an order dispensing with a three-day waiting period for all legislation.

Mon, 01/14/2013 - 23:04 | Link to Comment ebworthen
ebworthen's picture

But of course...

Tyrants are happy to dispose of due process and laws to build their power and hegemony.

Fuck Cuomo and other statist rabble that think We The People aren't paying attention.

Go ahead, try to take my firearms, FROM MY COLD DEAD HANDS.

Tue, 01/15/2013 - 00:17 | Link to Comment lolmao500
lolmao500's picture

http://www.usatoday.com/story/news/nation/2013/01/14/cuomo-new-york-guns...

New York Gov. Andrew Cuomo detailed his proposal to bolster New York's gun laws Monday night, with a full ban on assault weapons slated to take effect as soon as it is passed.

Both the Senate and Assembly are expected to vote on the proposal late Monday night.

Assault weapons -- defined as any rifle with a "military style" feature, such as a bayonet or a telescoping stock -- that are currently owned would be grandfathered and would have to be registered with the state. Magazines with a capacity of more than 10 rounds and manufactured before 1994, which are currently legal, would have to be turned over to authorities or sold out of state within one year. If a magazine has a capacity between eight and 10, it would have to be retrofitted to only hold seven rounds.

Under Cuomo's plan, the state would have one year to set up an instant background check system for all ammunition purchases. Law enforcement would be alerted to large purchases of ammunition.

Fucking scum...

Tue, 01/15/2013 - 07:14 | Link to Comment Supernova Born
Supernova Born's picture

IMO, anyone who has stayed in NY during the ass-raping of the Second Amendment for DECADES deserves no sympathy.

IMO, The so-called home of the black rifle is a POS honey pot whose #1 most prolific poster doesn't seem to give a fuck AR's have been effectively banned and has already lubed up his own a-hole.

IMO, the reason they don't have up and down arrows is to convince the sheep to "just go along with the ass-raping of the Constitution" BS and so mods and "site (ass) staffs'" totally reprehensible un-American bullshit isn't exposed.

Holy fuck, Goebbels is fapping furiously in HELL imagining the full on tidal wave of bullshit he could have unleashed if he had had access to an "Internet".

Mon, 01/14/2013 - 22:59 | Link to Comment joego1
joego1's picture

Ben, the U boat is here, did you find any gold yet in that pile of securities?

Mon, 01/14/2013 - 23:01 | Link to Comment q99x2
q99x2's picture

I guess my signing of the petition to Audit the US Gold Reserves doesn't help matters.

FU ChairSatan. May your golden calf melt and God be called down upon you.

Which reminds remember January 20th is the day of mass prayer to have God intervene and bring the banksters to justice. Ooooo I hope they don't explode in public. Maybe it will just be another salt thing.

Mon, 01/14/2013 - 23:07 | Link to Comment hairball48
hairball48's picture

Seriously though...since I'm one of the least sophisticated and educated of the ZHers....Germany's wanting their gold back is a good sign for gold. It's going to be fun seeing who's next in line at the NYFed. And beyond that it will be interesting to hear what the talking heads in the MSM say, if anything, about the  "ancient relic" which has no real value.

I mean if gold is a "relic" why are the most powerful banks in the world scrambling to get as much as they can? China has upped what it's been buying as have lots of Asian countries. Do these media idiots not ever wonder "why" every central bank ('cept maybe the BOE) :) has been increasing gold reserves, especially the last few years? I mean if gold is such a dumb investment (Warren Buffoon Buffett) why do CB's want to hold all that gold they've been buying?

I dunno. Maybe I'm just old and fucked up and confused. I don't see what is so hard to "get" about gold being "real money".

zzzzzzzzzzzz

Mon, 01/14/2013 - 23:24 | Link to Comment Dr. Engali
Dr. Engali's picture

Your first mistake was believing we have a media. What we have is a propaganda machine and its job is to maintain the sheeple's confidence in paper. The "media idiots" aren't paid to ask questions... They are paid to push the government's agenda and to keep us distracted.

Mon, 01/14/2013 - 23:31 | Link to Comment hairball48
hairball48's picture

Thanks and not too worry. I haven't had TV since 2011. Virtually all my news, other than local paper, is from the internet.  

Mon, 01/14/2013 - 23:44 | Link to Comment Dr. Engali
Dr. Engali's picture

I hear you ... I stopped wafching mine in 08. I turn it on every once in a while for about five minutes if agony then I always ask myself what the fuck I did that for.

Tue, 01/15/2013 - 00:58 | Link to Comment hairball48
hairball48's picture

ROFLMAO!!

Tue, 01/15/2013 - 11:29 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

ditto doc...

Tue, 01/15/2013 - 00:00 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Delete "us distracted " insert " the sheeple distracted". Ahhhh much better.if I ever find myself distracted by the the lame brain media of this country I'll commit myself. Once you turn it off for good just five minutes of reexposure will cause projectile vomiting. I don't know how some here can stand watching it even for entertainment. They must have heartier stomachs than I. But Dr. E I know what you meant.

Miffed:-)

Mon, 01/14/2013 - 23:43 | Link to Comment are we there yet
are we there yet's picture

Single question. Who is selling? Where is the gold flowing from if everyone is buying?

Mon, 01/14/2013 - 23:49 | Link to Comment Terminus C
Terminus C's picture

"We buy GOLD" shops...

Tue, 01/15/2013 - 00:11 | Link to Comment are we there yet
are we there yet's picture

Scrap gold is not enough to account for the difference.

Tue, 01/15/2013 - 00:37 | Link to Comment Stuntgirl
Stuntgirl's picture

Spain is a net exporter of Gold.

Cash for gold is getting really out of hand in certain countries, what with people not eating enough.

I haven't checked if the rest of the PIIGS are net exportes as well, but i'd bet.

Tue, 01/15/2013 - 00:51 | Link to Comment are we there yet
are we there yet's picture

Stuntgirl agree for Spain exporting scrap gold, but it is tiny compared to the central banks, china, Russia, etc all buying far in excess of production and change in scrap gold purchase.

Tue, 01/15/2013 - 01:15 | Link to Comment Terminus C
Terminus C's picture

These central banks are buying but are they taking delivery on all that buying?  Much of their purchases could be hypothocated, leased or otherwise "paper" gold.  I know they say they are buying physical gold... but who can believe what a central bank says... whether they are Russian, Chinese, American, British or otherwise.  This goes for the Bundesbank too... who the fuck knows what they will or will not re-patriate.  They just say they did... the Fed says they did... then... they did, even if they didn't...

A fucked up world in which we live...

Tue, 01/15/2013 - 07:26 | Link to Comment Supernova Born
Supernova Born's picture

"Scrap" gold is the most oxymoronic phrase in the universe.

Gold is simply GOLD, BITCHEZ.

Tue, 01/15/2013 - 02:05 | Link to Comment formadesika3
formadesika3's picture

"Single question. Who is selling? Where is the gold flowing from if everyone is buying?"

Cash for gold shops is a clue to making a generalization. What's happening is gold is flowing from weak to strong hands.

Mon, 01/14/2013 - 23:03 | Link to Comment rqb1
rqb1's picture

Would not be suprised if this is the beginning of a steep decline in the paper price of au. Don't get me wrong, long term au is a sure thing, short term think twice before buying on margin.

Mon, 01/14/2013 - 23:12 | Link to Comment AgAu_man
AgAu_man's picture

Pls explain your rationale.  Supply, demand...

Mon, 01/14/2013 - 23:43 | Link to Comment Stuntgirl
Stuntgirl's picture

I agree with him.

The gold price is manipulated to allow CB hoarding. If anything, what this will do short term is intensify the downward manipulation. Of course, the doubled efforts draw the end nearer than if this hadn't happened.

Last time Germany said anything about their gold, it looked like and end scenario, and then we got the watered-down version which did nothing to the price. I bet this is the same.

I am continuously amazed at the ability of TPTB to bypass normal market forces and extend the unextendable to infinity.

 

Mon, 01/14/2013 - 23:21 | Link to Comment sitenine
sitenine's picture

I agree with you in part, but I don't think that happens for a while. Of course the paper rips apart from the phyz completely and forever at some point, but not sure where that is. Germany asking for gold is no joke, so we'll probably find out sooner rather than later ;)

Mon, 01/14/2013 - 23:41 | Link to Comment you enjoy myself
you enjoy myself's picture

it may take a while, but the greatest perfect hedge of a lifetime might be long au/ag (or the miners) and short gld/slv.

Tue, 01/15/2013 - 03:07 | Link to Comment Acidtest Dummy
Acidtest Dummy's picture

Just take your money and leave the casino. It is not complicated.

Mon, 01/14/2013 - 23:06 | Link to Comment sitenine
sitenine's picture

Thank you Tylers. This is basically what we've been expecting thanks, in large part, to your incredible reporting over the years. Even Venezuela caused quite a shit-storm - I'm sure Chavez is laughing his ass off btw. This is the big time now. Germany is a very powerful AAA rated nation. They hold up the entire Euro FFS. Some humans may believe we are above history for whatever reason, but we are most assuredly not.  Gold is the end game. Always has been, and no matter how many iGadgets you have, it always will be.

Tue, 01/15/2013 - 00:21 | Link to Comment Raymond Reason
Raymond Reason's picture

Well said!

Mon, 01/14/2013 - 23:06 | Link to Comment lieto
lieto's picture

Bubba and Fraulein paddling down the east river on a sunny day.

Heh, lets stop in at the Fed and caress our gold.

BenB, you must make an apppointment first.

Our next available tour is in 2213.

Bubba, never mind we trust you.

Bwaaahaaaaaaaa!!!!!!!!

Mon, 01/14/2013 - 23:05 | Link to Comment lieto
lieto's picture

Bubba and Fraulein paddling down the east river on a sunny day.

Heh, lets stop in at the Fed and caress our gold.

BenB, you must make an apppointment first.

Our next available tour is in 2213.

Bubba, never mind we trust you.

Bwaaahaaaaaaaa!!!!!!!!

Mon, 01/14/2013 - 23:06 | Link to Comment JohnGaltsChild
JohnGaltsChild's picture

Finally...................some good news.

Mon, 01/14/2013 - 23:07 | Link to Comment BigPerm
BigPerm's picture

Finally, we now know when Greece will be cut off.

Mon, 01/14/2013 - 23:32 | Link to Comment PLira
PLira's picture

We don't know shit. Today's press covers falsehoods.

Up is down, Left is right, tangential is straight line. What we read in the press is agenda and spin destined for causing visceral moves on news.

These fuckers are smart and move only in conjunction with each other.

One crack in the system would bring it all down on all of us and they are extraordinarily careful not to do so, even to the extent of extermination of a rouge government.

Everything one reads in the new is altered reality. Tad bit of truth with spin.

I see this as a bull-trap but that is only my opinion.

When things get bad, you have to lie comes to mind. We no longer have statesmen, only politicians looking to get re elected.

I could be wrong but I'm not a buyer of Pm's here. Could be a huge mistake but I came into the world with nothing and will go out the same way.

 

News like this would never be allowed to leak. We're no longer dealing with Sovereign Nations but a coalition of criminals tied together to produce a product on the One World Order. News such as this would be censored if true or, is used as propoganda for the agenda set by those in charge.

The media is owned by the NWO and is used to promote their ideas. If it's on mainstream, it's bullshit.

Act accordingly but I ain't a buyer here.

Tue, 01/15/2013 - 03:16 | Link to Comment From Germany Wi...
From Germany With Love's picture

Beware those evil rouge governments!

Mon, 01/14/2013 - 23:08 | Link to Comment Downtoolong
Downtoolong's picture

Yours truly,

Ben

P.S. And remember to be sure and give them the bars with the titanium in it.

 

 

Mon, 01/14/2013 - 23:18 | Link to Comment Quinvarius
Quinvarius's picture

Jamie Dimon gets the call from the Fed, "Remember all that gold we loaned you and let you carry as debt at $45 an ounce while you sold it for over $1000?  We need that back now.  Go buy it.  Sorry about that whole riskless paper shuffle we promised."

Also, isn't this what France did to us in the 70's that sent gold from 35 to 800?

Mon, 01/14/2013 - 23:27 | Link to Comment jonjon831983
jonjon831983's picture

Unfortunately the reply from JD: Ok, give me a month or two and keep an unlimited tax payer funded credit line open for me.

Mon, 01/14/2013 - 23:16 | Link to Comment pbppbp
pbppbp's picture

I'm just going to go with...YIKES.

Mon, 01/14/2013 - 23:17 | Link to Comment Rusty Shorts
Rusty Shorts's picture

...wait a minute...didn't FDR round up all the gold and sell it to Germany for 25 bucks an O???

Mon, 01/14/2013 - 23:17 | Link to Comment tnquake
tnquake's picture

Fed just bought out all that Amazon carried:

http://www.amazon.com/Chocolate-Gold-Coins-9oz-Bag/dp/B001LEZWUC

Mon, 01/14/2013 - 23:24 | Link to Comment jonjon831983
jonjon831983's picture

Wait, don't they usually do these sortsa announcements during the friday weekend so people have time to digest the news and don't panic?  Or... maybe a hard physical strike against an enemy is coming soon to distract us.

Mon, 01/14/2013 - 23:34 | Link to Comment are we there yet
are we there yet's picture

How much is 3,400 tons of gold in fractions of a trillion dollar coin?

Mon, 01/14/2013 - 23:41 | Link to Comment stateside
stateside's picture

There have been at least 25 occassions over the last 6 years where an event took place that I felt was so monumental that the gold price would have to sky rocket to the moon.  Tonight number 26.

Gold will sky rocket when gold sky rockets......not any sooner.

stateside

Tue, 01/15/2013 - 00:43 | Link to Comment MeelionDollerBogus
Mon, 01/14/2013 - 23:45 | Link to Comment MyBrothersKeeper
MyBrothersKeeper's picture

Just for fun I am, today, creating a new ETF.  It will be dedicated to Ben Bernanke. It's ticker will be BEN and everytime Ben has a public press conference I will track it to how the S&P performs within the next 48 hours.  We'll set the NAV at $10. Since he spoke today at 4pm we'll track it until close of business on Wed.

I'm thinking about creating one for Obama too...maybe call it BIO (Barack Insane Obama but could also be tied to his belief that algae is the future of American energy)

Tue, 01/15/2013 - 00:40 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Algae may not be (it is useful for biodiesel, some patches of standing water could be utilized that otherwise would be ignored), but bio-electricity from bacteria feasting on sewage also is worthwhile (another form of sewage treatment, which we need to do regardless, so why not take some electric power out of it too?)

Mon, 01/14/2013 - 23:48 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

distraction:

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

no reason to pre-announce this move.  if it were real, a statement would have been issued after the gold was safely in germany.

Tue, 01/15/2013 - 00:03 | Link to Comment Rusty Shorts
Rusty Shorts's picture

... so we can say that it's already delivered, right?

Tue, 01/15/2013 - 00:43 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

sour grapes.  at best, the little hurt germany might think they will shame the fed into delivering - something the fed probably doesnt have anyway.  and never mind the thieving french

Tue, 01/15/2013 - 00:03 | Link to Comment Tyler Durden
Tyler Durden's picture

The statement is the news. The actual move is completely irrelevant.

Tue, 01/15/2013 - 00:10 | Link to Comment vft2212
vft2212's picture

The gold market in all currencies didn't react or anticipate the statement. Japan has issues so let's not include the yen.

Tue, 01/15/2013 - 00:19 | Link to Comment Tyler Durden
Tyler Durden's picture

You must be referring to the paper spot, options, futures and other gold derivatives and synthetics market "supervised" by one Benoit Gilson of the BIS, right?

Tue, 01/15/2013 - 00:42 | Link to Comment The Shootist
The Shootist's picture

They were moving it in small increments over years. I'll believe it when I see it, just like how I learned which guns were actually used at Sandy Hook. Only, the media still has me confused about that brain fuck.

Tue, 01/15/2013 - 09:41 | Link to Comment awakening
awakening's picture

Gift wrapped with a pink ribbon (National Lampoons Christmas Vacation reference) in the form of a Fleecebook article link. Beautiful for its simplicity :)

Tue, 01/15/2013 - 00:17 | Link to Comment sitenine
sitenine's picture

Um, I'm a simple sap I guess. Gold movements are irrelevant? Shit. You lost me Tyler. Can you please explain?

Tue, 01/15/2013 - 00:22 | Link to Comment Tyler Durden
Tyler Durden's picture

Paragraphs 2 and 3:

Much more importantly, it is being telegraphed as such, with Buba fully aware of just what the consequences of this (first partial, and then full; and certainly full vis-a-vis the nouveau socialist regime of Francois Hollande which will soon hold zero German gold) repatriation will be in a global monetary arena, which is already scraping by on the last traces of faith in a monetary system that is slowly but surely dying but first diluting itself to oblivion. And in simple game theory terms, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best. Then the second. Then the third. Until, in this particular case, the last central bank to pull its gold from the NY Fed and the other 2 primary depositories of developed world gold, London and Paris, just happens to discover their gold was never there to begin with, and instead served as collateral to paper gold subsequently rehypothecated several hundred times, and whose ultimate ownership deed is long gone.

 

It would be very ironic, if the Bundesbank, which many had assumed had bent over backwards to accommodate Mario Draghi's Goldmanesque demands to allow implicit monetization of peripheral nations' debts has just "returned the favor" by launching the greatest physical gold scramble of all time.

This is not a move to protect the German gold: if it ever gets to gold redenomination, the Buba would not exist. This is a very calculated, political move to redefine the balance of political power among the central banks.

Tue, 01/15/2013 - 00:27 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

the germans et. al. can defect (verbally) all they want; but he who sits on the real phyzz wins.

Tue, 01/15/2013 - 00:29 | Link to Comment ReactionToClose...
ReactionToClosedMinds's picture

not that I count ..... but that is the significance of it .......

the dynamics are about to change .... that is the 'news'

Tue, 01/15/2013 - 00:42 | Link to Comment Raymond Reason
Raymond Reason's picture

Buba is new chief pimp of the west.  

Tue, 01/15/2013 - 00:59 | Link to Comment ekm
ekm's picture

Correct. If gold stays within the western central banks ring, it's still there.

 

It's location shows the power of the country hosing it. It shows that France has accepted that Germany rules.

Tue, 01/15/2013 - 01:11 | Link to Comment sitenine
sitenine's picture

Thanks ekm. That helps a lot.

Tue, 01/15/2013 - 01:19 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

ehm,

If gold stays within the western central banks ring

if. if?  what if the german "inspektors" discovered that the fed doesnt have their gold.  what then?

Tue, 01/15/2013 - 09:20 | Link to Comment ekm
ekm's picture

I think they can get the gold from France, but not from the Fed.

Tue, 01/15/2013 - 01:33 | Link to Comment Boxed Merlot
Boxed Merlot's picture

the country hosing it...

 

pretty amusing.  Am I to suppose you actually meant "housing" it?  If so, I will still laugh myself silly.

 

Thanks for the monday evening pleasure. 

Tue, 01/15/2013 - 08:40 | Link to Comment ekm
ekm's picture

"housing it"

Tue, 01/15/2013 - 01:06 | Link to Comment sitenine
sitenine's picture

So, there is no gold to move, if I'm following you. So...the cat is just simply out of the bag on that in plain daylight for everyone to see. But Venezuela DID get their gold...so why wouldn't Germany get any gold again? Surely there's enough to last a little while, and he who demands first gets what's left? Wait. You're saying there is NO gold. I get that, but there is surely SOME somewhere, India and China, for instance, are importing the fuck out of it, so why doesn't Germany get any gold? Yeah, I'm just talking in circles now because I'm obviously in way over my head here. That, or maybe too many beers... Thanks for answering my question Tyler. I'll read back over this in the morning and see if I can absorb it properly.

Tue, 01/15/2013 - 01:36 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

hmm,

so why doesn't Germany get any gold?

because germans are gentlemen and they want everybody else have the real phyzz because they (germans) are just as happy with having gold vaporware in their vaults.

Tue, 01/15/2013 - 02:48 | Link to Comment sitenine
sitenine's picture

P.S. Tyler, Platinum just smashed through the gold price - I'm still interested in hearing if you think that means anything specifically.  Thanks again.

Tue, 01/15/2013 - 00:26 | Link to Comment Raymond Reason
Raymond Reason's picture

Since it's all a con, a breach in confidence is more damaging than reality?

Tue, 01/15/2013 - 01:01 | Link to Comment ekm
ekm's picture

Incorrect.

 

The move is quite relevant. It shows that France is begging Germany for something hence France is yielding power to Germany openly and officially.

Tue, 01/15/2013 - 01:23 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

so, according to your previous hypothesis, france keeps the phyzz and tells germany, "you can tell everybody that you have it now".  but, vee the frenchie keep the phyzz for youz

Tue, 01/15/2013 - 08:50 | Link to Comment ekm
ekm's picture

I think the move will take place from Paris to Berlin.

 

Not sure if the move will take place from New York to Berlin.

 

The old saying: He who has the gold, makes the rules.

Mon, 01/14/2013 - 23:52 | Link to Comment Kreditanstalt
Kreditanstalt's picture

No big deal.  The Bundesbank simply wants to rehypothecate, lease and swap its OWN gold...

Tue, 01/15/2013 - 00:23 | Link to Comment Pseudo Anonym
Pseudo Anonym's picture

what gold?

Mon, 01/14/2013 - 23:53 | Link to Comment are we there yet
are we there yet's picture

So an executive order to change the constitution?

Tue, 01/15/2013 - 00:45 | Link to Comment DaveyJones
DaveyJones's picture

an executive order can change a country

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