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Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"
Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep "it" (by "it" we don't mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China's gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the "safe hands" of former Goldmanite Bill Dudley.
Via Mike Krieger's Liberty Blitzkrieg blog,
Just last week, I published a post titled, Video of the Day – “End the Fed” Rallies are Exploding Throughout Germany, which subsequently went viral. Interestingly, only a few days later we find out that Germany’s very own criminal political class has decided it will continue to store the nation’s gold in New York rather than bring it back home as had been the intention. It’s quite ironic that just as protests against the fascist Federal Reserve are spreading throughout the land, the political class officially decides to keep Germany’s treasure across the Atlantic, in care of none other than The Fed itself.
To be fair, this merely seems like a way for Angela Merkel and the rest of her German cronies to save face. After all, it was very clear that the Federal Reserve had already told them “no” when they asked for the gold back in the first place. Why else would it take almost a decade to transport the gold from the U.S. to Germany, which was the latest repatriation schedule.
We learn from Bloomberg that:
Germany has decided its gold is safe in American hands.
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together.
The Bundesbank, Germany’s central bank, sent a delegation to the New York Fed’s vault in 2012 for spot checks on the hoard. As the gold’s guardian, the Frankfurt-based Bundesbank is obliged to ensure its safety. It says it’s sensible to store part of the reserves outside the country so they can be swapped more easily for foreign currency in an emergency.
This last sentence is absolutely incredible in its Orwellian irrationality. Swap gold easily for foreign currency? Foreign currency can be conjured up in infinite amounts at will by crooked bankers in suits with phony smiles and calming words filled with complex economic jargon. So Germany needs to be able to swap its gold for that? Well, it seems many nations are falling for this simple, yet effective scam, as I outlined in my post: Ecuador to Transfer More Than Half its Gold Reserves to Goldman Sachs in Exchange for “Liquidity.”
German gold reserves, the second-biggest in the world after those of the U.S., totaled 3,386.4 tons on March 31, according to World Gold Council data. Due to German postwar history, the biggest part is stored at the Federal Reserve Bank of New York; the rest is in London, Paris and Frankfurt.
“Right now, our campaign is on hold,” Peter Boehringer, a Munich-based euro critic who co-founded an initiative to bring home all of Germany’s gold in 2012, said in an interview.
Right now and forever. Sorry suckers. This guy promises everything is just fine:
Full article here.
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Das Fools!
Geebus, sometimes I think I won't live long enough to see this system collapse
I'm surprised they didn't blame this on Russia's recent troop placements on the German border......
vee vant our gold...........WE DONT HAVE YOUR GOLD AND GO FOCH YOURSELF DUMB ASS
Phew!
germany entrusted its gold to the same folks who goaded it into two wars and decimated its land and culture? the same germans who gave the world the leica camera, bmw motorcycle and the braun electric razor? what am i missing?
The gold can't be moved due to the weather - duh!
Sounds like the right people were bought off with some fiat...
First shipment was just a nail gun.
Relief in NY & London - that US / Soros chaos in Ukraine worked out just in time.
Aaaaaaaaaaaaaaaaaaand, it's gone! Poof.
Maybe we offered to send our senile former Secretary of State Hildabeast over to offer "golden showers in lieu of payment" and the Germans said "bleh, you can steal our gold" instead.
Man, that's a visual that would make me surrender.
wow, what a bunch of German pussies. They should make a huge fucking deal about it. Their people are pretty fuckin' pissed. They shouldn't let the Fed or obama off the hook for this.
Video of the Day – “End the Fed” Rallies are Exploding Throughout Germanyhttp://libertyblitzkrieg.com/2014/06/19/video-of-the-day-end-the-fed-rallies-are-exploding-throughout-germany/
I sure wish the American people would protest as hard against the Fed as these Germans are. Why give up now. The whole world is dumping the dollar and it's all the Fed's fault. Keep the pressure up, cuz these scumbag central banksters need to be shut down and thrown in prison.
#EndTheFed
Bad assumption there. The powers that be in Germany know full well all that gold is simply hypothecated paper. They never wanted repatriation.
This request was forced by TEA Party type troublemakers in Germany.
Look at all that unoccupied territory in Germany. Get to work Mr. President!
Really Bloomberg?
Note neither Boehringer's campaign nor Germany's 300 tonne gold repatriation has stopped as Bloomberg implies (all these mistakes about gold by Bloomberg. Strange.)
From the comments section, Boehringer says:
http://www.businessweek.com/news/2014-06-23/german-gold-stays-in-new-yor...
" Just to set the record straight re this article in which my name is mentioned and in which I am quoted out of context:
a) BusinessWeek/Bloomberg uncritically cites statements of politicians and BuBa-bankers who have or give no proof whatsoever re the untouched whereabouts of the german Gold.
b) Re our campaign "Repatriate our Gold" www.gold-action.de/campaign.ht... : "On hold" does of course NOT mean that we are in any way satisfied with the current status of BuBa´s ongoing repatriation (far too slow and too little - only 5 tons came from NY in 2013! Not exactly a proof for the untouched existence of 1500 tons in a NY vault unaudited since 1950...). Our public campaign will therefore have to continue.
c) Almost no info in the article can be considered in any way "news". Simply because there has not been any material news in this context since early 2013.
d) Especially the headline is plainly false, because there has not been any change in BuBa´s (too slow) repatriation plans: at least 300+ tonnes will come from NY by end 2020. It is not much - but contrary to the headline, BuBa has NOT stopped the ongoing partial repatriation - enforced solely by public pressure!
e) The political party "Alternative for Germany" has never been part of our campaign - they can therefore not have been "rebuffed" as the article suggests.
f) The political party "FDP" has (with the exception of one (1) MP ) never demanded a repatriation - yet another false info in the article.
g) Some politicians cited in the article can not in any way claim to be "in charge" of the german gold hoard (abroad or not). This holds true for both Mr Barthle and for Mr Hardt: BuBa alone is in charge - and officially, BuBa is independent from political influence...
Summary: a "non-news" article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach: the main purpose seems to be NOT to give space to the myriad of unanswered and extremely relevant questions BuBa and the Fed have been refusing to answer for decades. Pls read more at "Repatriate our Gold" http://www.gold-action.de/camp...
----------------------------------------------------
Note: BLOOMBERG EVEN GIVES A BAD LINK TO THE GERMAN REPATRIATION CAMPAIGN
Here is the link: http://www.gold-action.de/
----------------------------------------------------
BusinessWeek and Bloomberg have penned desperation propaganda.
Gold may be at launch point.
his english is pretty damn good! or he has a good translatoror, a good poseur. ;-)
makes me wonder what % of americans that could could write a similar, coherent text in german or any other foreign language,
Let's wait a few days - if it is as misleading as Boehringer states, then this will be corrected shortly.
Given the German anti-Fed rallies, this article will not be ignored in Germany.
Fahrfrumnuggets...or Fahrfrumgetten (anything back). Auf Wiedersehn!
Ecuador sure as hell better be paying attention!
A snake with a golden tongue....now where have I heard of that before?
Just how fucked up do things have to get bafore the masses get angry?
Acht du Lieber!
This is not the gold that you are looking for...
Quit complaining or get a nuke shoved up ur ass...
“gold is safe in American hands”
Danke schoene, komerades.
MANY Germans speak excellent English.
Indeed. I was working over there a few years back and was looking forward to brushing up my decidely average German. Nope! In 6 1/2 weeks, I think I had maybe three conversations that weren't in nearly perfect English. And even those were a Deutsch-lish mish-mash, rather than entirely in German.
if they could only get that V -W thing fixed.
You recite your thesis defense in English........in Germany. You must be fluent in English to get a PhD in Germany.
like latin up into, what, the nineteenth century? p.s. nice work pinto.
if you do not have some basics in romance languages and math terminology. you will reveal your self as a fool.
I had a freaking boss who wrote "Bata Test" on the whiteboard..
I knew it was over for me there.
You have to wonder what % of Americans can write a coherent sentence in English. Look at the decline in reading standards, the failure to teach cursive and that the majority of high sKoul "graduates" cannot write a simple job application form. Ebonics and not English is the native tongue of millions of Americans.
If Barack had a son he would look like an ebonics speaker.
I think it even goes back before the current mo--fo-in chief.... from the original "Airplane".
First Jive Dude: Shiiiiit, maaaaan. That honky muf' be messin' mah old lady... got to be runnin' cold upside down his head, you know?
Second Jive Dude: Hey home', I can dig it. Know ain't gonna lay no mo' big rap up on you, man!
First Jive Dude: I say hey, sky... subba say I wan' see...
Second Jive Dude: Uh-huh.
First Jive Dude: ...pray to J I did the same-ol', same-ol'!
Second Jive Dude: Hey... knock a self a pro, Slick! That gray matter backlot perform us DOWN, I take TCB-in', man!
First Jive Dude: Hey, you know what they say: see a broad to get dat booty yak 'em...
First Jive Dude, Second Jive Dude: ...leg 'er down a smack 'em yak 'em!
First Jive Dude: COL' got to be! Y'know? Shiiiiit.
scene two
Randy: Can I get you something?
Second Jive Dude: 'S'mofo butter layin' me to da' BONE! Jackin' me up... tight me!
Randy: I'm sorry, I don't understand.
First Jive Dude: Cutty say 'e can't HANG!
Jive Lady: Oh, stewardess! I speak jive.
Randy: Oh, good.
Jive Lady: He said that he's in great pain and he wants to know if you can help him.
Randy: All right. Would you tell him to just relax and I'll be back as soon as I can with some medicine?
Jive Lady: [to the Second Jive Dude] Jus' hang loose, blood. She gonna catch ya up on da rebound on da med side.
Second Jive Dude: What it is, big mama? My mama no raise no dummies. I dug her rap!
Jive Lady: Cut me some slack, Jack! Chump don' want no help, chump don't GET da help!
First Jive Dude: Say 'e can't hang, say seven up!
Jive Lady: Jive-ass dude don't got no brains anyhow! Shiiiiit.
Does anybody here speak Jive? What is actually being said during these scenes?
I could.
agree, the Bloomberg article is full of BS. in particular:
"Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together."
besides the fact that AfD has never been part of the German gold repatriation campaign...
...LOL. the whole concept of NY and London forcing Germany to stay in the EUR is beyond silly. If Germany would really go back to the D-Mark champagne would flow in both cities. in rivers
http://www.gata.org/node/14123
GATA are calling BS on it, too
"lanch point"?
There is a "Table Resetting" underway.
Owning Gold just buys into needing a big guy at the head of the table giving orders. And nobody here is that man.
There is no (it appears) meaningful physical Gold left to launch, existing supply is already stamped with a million tickets and when that fight is over legislation will prohibit private ownership or trading.
At which point all the snooping will make sense. Merkel is pissed for a reason, as will others when their trades become evidence.
-
getting conquered by ZATO has its drawbacks, for sure... but ponder, is the U.S. in any better position than Germany with respect to its gold? Conquered just the same, with nary a shot fired... all by the power of the mighty printing press.
LOL !!!
That map is the exact opposite for car dealerships. BMW, Porsche, VW, Audi, and Mercedes dealerships everywhere. How many U.S. auto dealers in Germany?
They send us their excellent vehicles, and in return, we send them 1s and 0s on a computer terminal.
http://en.wikipedia.org/wiki/Bretton_Woods_system
...and the us concedes to all key objections raised by the EU in order for TTIP to have any chance of being signed.
I have a hard time translating wierd acronyms.. TTP.. TAP.. SNAFU.. FUBAR.. BOHICA. .
to hell with it all.
American vehicles are considered low quality in Europe. Mind the few americanized europeans who wet themselves in sight of anything which is american.
I've been to 'murica and driven some of the "iconic" cars, like the mustang or camaro, while I don't consider them bad at all, they don't even come close to the big 3 German brands.
So I was low man on the totem pole …. What a good place to be when with a group of execs landing in Munich. Although I had a Director title I ended up being the designated chauffer and was told to rent a big Mercedes.
After the days meetings and making sure the manglers were safe in their hotel rooms.. how far south on the Autobahn through the Bavarian Alps and at what speed might you think I got there?
Who needs freaking airplanes with this tech in civlian looking tanks?
OMG.. I never need sex again.. this was so much better.
<<<< Vote.. + 190 Km/hr
<<<< (-) 190 km Km/hr
.. I just wish there was another vote line for the glory and the shit-eating grin.
.and there were guys passing me.
Hedgeless for the win.
This is a key piece of the puzzle.
The question then becomes, what does Germany (ie the ruling political class) get in return?
they and their wives and children get to live another day.
Yup, the sunshine-in-a-bucket will be delivered elsewhere. By the US anyway. Other vendors may still complete delivery.
some other food for thought- douche bank has the highest derivitives exposure of all the big banks. In that context, if the german govt were to make too big of a stink about getting their gold back, and start implying it wasnt there, that could cause some very unpleasant things to happen with the world financial systems, which would hit DB the hardest. This would destroy every fiat currency in the world, especially the one that germany props up. Not saying this wouldnt destroy the dollar too, but germany doesnt have bases all over the world, and naval fleets patrolling the entire world to maintain 'order'. They have far more to lose from this ponzi scheme unravelling, so probably just wrote that gold off as a loss. afterall, the fed could just point to the trillions of interest free "loans" it has made to EU banks, including german ones, and tell them to keep quiet or else
Why such a small picture? How do you expect me to locate the German military bases? LOL.
That says it all, also I think they may have been told that you won't get your gold and shutup about it. Essentially treating Germany as a vassal state in private.
precious.. HH
I just put you to 100.
So, does this mean the US has to let Germany beat it in the next World Cup game? I'd leave the World Cup for just a couple of tons of gold. they wouldn't have to let me off the hook for all of it...
They did a deal.
When the US goes tits up in the not-too-distant future, its a weapons for Gold trade.
Germany gets an aircraft carrier or two, as well as all American military hardware in Germany -- and they kinda forget about their Gold.
Seems like a Win-Win. The USSA gets to keep the farce going, and the Germans get a shit-ton of weapons exactly when they need them.
That is an interesting thought. Though, if I'm not mistaken, Germany is the third largest weapons seller in the world behind only the US and Russia. I'd imagine they have their own. After all, they do sell subs to Israel.
Yes, you're correct.
The problem is -- the Frogs get really ancy when Germany starts acquiring lots of weapons en masse. Germany doesn't need said weapons as long as the USSA keeps subsidizing the German state via its military presence there. However, once the USSA does go tits up, it will be hard for them to bring everyone back home -- much less all their hardware. If we are leaving around stinger surface to air missile systems for ISIS, I imagine we'd be completely content leaving 4 squadrons of JSFs, the balance of the American drone program, a couple bomber squadrons, anti-missle systems, etc., etc., for the Germans.
Europe needs oil -- and it doesn'T have access to any without the US Navy. When the US Navy can no longer pay the bills -- any prudent European leader needs a way to secure oil supplies in a post-American world. Keep track of American Aircraft carriers. When you start to see the George H. W. Bush making unexpected pit stops in Bremerhaven -- watch out below.
Germans are not stupid people -- they have plans for everything. I guaratee they have plants in place to assume the US's roles in central-European security when the USSA finally does go bankrupt.
How do Germany and Israel get on these days after that little fopaux in in WWII?
They get along great.
The Germans give the Israelis a ton of free stuff. The Israelis tell the Germans if they can just get a little more free stuff, they'll be morally absolved for said fopaux. Rinse, repeat.
Sell? Do you mean "give away"?
Apparently very good subs, too. A guy I went to school with is Navy and got to have a brief look around one in the yard during final fitting out. He reckons they're like a Swiss watch, in terms of quality and ergonomics, compared to other conventionally powered subs he's seen inside of. Says even the big, chunky stuff has been designed to neatly dovetail together mostly against the pressure hull and bulkheads, so there aren't nearly as many of the usual protrusions that seem expressly designed to trip you, gouge out an eye or bash your brains in if you aren't paying attention.
I had a couple of minutes looking inside the control room of the last Trafalgar-class sub the Royal Navy got, at the yard in Barrow.... Sheesh! Running through that beastie in a real emergency would by like a carnage scene from a SAW movie, unless you were intimately familiar with what sharp, hot, slippery and/or spiky shit sticks out exactly where!
I'd pay a few tons in gold not to have to watch the world cup.
Fucking blokes chasing a ball around like sheep dogs. The only men dumber enlist in the US military.
BOTA you really think running behind a ball for 10 million a year is a bad deal? What do you do? Exec at GS?
How pathetic is Merkel? Possession is 9 tenths of the law.
It just goes to show that the EU is a puppet of the US government.
If i was a German citizen and i understood the value of Gold and how pathetic the government is, i would be rioting in the streets.
If Germany realized its gold was gone, then this announcement would be a sensible move to buy time to enter the markets to buy more.
Please allow me to sum up the article for those short of time:
Goldbugs: The problem with the system is it's ultimately based on trust of the elites and nothing else.
Elites: You're an idiot, the system is run by the most trustworthy people on the planet.
Goldbugs: But how do we know we can trust them if we can never verify anything they say?
Elites: WHY ARE YOU STILL TALKING? This matter is resolved. The gold is stored with the most trustworthy people, why would you need to know anything more than that? Were you dropped on your head as a child?
If you didn't know it when the ridiculously long repatriatriation schedule was first announced, you knew it when they failed to even return a fraction of the first years amount. If you still didn't know it then, you knew it when you heard Germany thanking the US for sending back different goddamned bars from the ones Germany thought they owned.
The "Bring back our gold" movements in Euro countries are a bit like the Tea Party or Occupy movements in the States in that they seemed to come up out of nowhere and caught the elites a bit flat footed. For a short time, they were in a reactionary mode, fending off accusations being made by people they didn't know a lot about.
This article makes plain that the worlds western central bankers are all now on the same page and this gold talk from commoners will no longer be entertained by anyone.
It's painfully obvious now that Germany's gold is long gone. Another whacko conspiracy theory turned "ho-hum" fact.
I wonder how much of Germany's gold held at the Fed was melted down and restamped and sold, to fund the military bases in . . . . . . GERMANY.
Oh the tangled web.
Hans und Franz mussen accepten das Papier Phiat.
.
“Right now, our campaign is on hold,” Peter Boehringer, a Munich-based euro critic who co-founded an initiative to bring home all of Germany’s gold in 2012, said in an interview.
Below is the response to Bloomberg article from Peter Boehringer of Repatriate Our Gold
Just to set the record straight re this article in which my name is mentioned and in which I am quoted out of context:
a) BusinessWeek/Bloomberg uncritically cites statements of politicians and BuBa-bankers who have or give no proof whatsoever re the untouched whereabouts of the german Gold.
b) Re our campaign "Repatriate our Gold" www.gold-action.de/campaign.ht... : "On hold" does of course NOT mean that we are in any way satisfied with the current status of BuBa´s ongoing repatriation (far too slow and too little - only 5 tons came from NY in 2013! Not exactly a proof for the untouched existence of 1500 tons in a NY vault unaudited since 1950...). Our public campaign will therefore have to continue.
c) Almost no info in the article can be considered in any way "news". Simply because there has not been any material news in this context since early 2013.
d) Especially the headline is plainly false, because there has not been any change in BuBa´s (too slow) repatriation plans: at least 300+ tonnes will come from NY by end 2020. It is not much - but contrary to the headline, BuBa has NOT stopped the ongoing partial repatriation - enforced solely by public pressure!
e) The political party "Alternative for Germany" has never been part of our campaign - they can therefore not have been "rebuffed" as the article suggests.
f) The political party "FDP" has (with the exception of one (1) MP ) never demanded a repatriation - yet another false info in the article.
g) Some politicians cited in the article can not in any way claim to be "in charge" of the german gold hoard (abroad or not). This holds true for both Mr Barthle and for Mr Hardt: BuBa alone is in charge - and officially, BuBa is independent from political influence...
Summary: a "non-news" article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach: the main purpose seems to be NOT to give space to the myriad of unanswered and extremely relevant questions BuBa and the Fed have been refusing to answer for decades. Pls read more at "Repatriate our Gold" http://www.gold-action.de/
The "Hillary" has more gold in her teeth than Germany has left at the Fed. Lets just give them the Hillary and call it done. On the other hand..."Maybe the dingo ate your gold".
Fate the Magnificent
"Push the Button, Max"
Schnitzel in ze poop schutzen
...ah, a caps lock and/or shift key?
First shipment was just a nail gun.
LOL
I think it is simpler than that. TOe the line, or you die.
The fact that they god new bars back and gold held in reserve is not legally fungible tells you ALL you need to know.
Press Release
==========
The Central Bank of DoChenRollingBearing announces that it has not, nor ever will, allow the FRBNY to hold any of its gold.*
* nor BTC
No one in their right mind would allow an organization that sells and leases metal to hold their metal. If the Bank of England can hypothecate gold owned by the Queen of England, they will do it to anyone.
The only thing they fear is Death by Nailgun.
Isn't that Stephen King on steroids? No wonder why the whole story is horrific..
Well we know what the Germans are missing...
Jewish bankers?
apparently not...
All bankers have the same religion. Church of Asshole.
Oh yes we do.
The sheeple however?... not-so-much...
what am i missing?
Rockets man, they gave the world rockets...
... and the first jet fighter aircraft...
& Nazi UFOs?..
THIS? WILL BLOW YOUR MIND! Anunnaki in the ANTARCTIC?
http://www.youtube.com/watch?v=nbwglQItO4s (29:27)
Unintentional comedy at its finest.
Run Lola Run.
Bill Clinton gets a blow job and can't keep it a secret and the US is hiding alien bases in Anatarctic. Really?
And the 1965 Porsche 356SC convertible. Maybe in my next life...
Just about half the Nobel laureates over time!
But for starters, the rockets, printing, the Dollar (believe it or not) and the fact that USA was an inch away from having German as the official language.
But as for gold, how incredibly convenient, I mean why ask for something that is clearly not there. We wouldn't want to rock the boat now, would we.
This is a clear indication that they have been told to shut the fuck up, or Hank Paulson will come and tell you the international banking system will collapse, and this time, you better bloody well believe it!
So that whole war was absolutely for nowt! Think of that, Germany being told what to do by the unmentionables!
Its lost on most Americans how very close the world language was to being Germany. 1 vote. Literally.
Could you imagine a world, where the USA entered into WWI on the German side, WWII would have never happened. FUCK THAT MAN WHO VOTED FOR THE ENGLISH LANGUAGE!
If Wilson had been hit by a truck we would not have the Federal Reserve, Income Tax, and we would not have entered WWI.
The French Army was on the verge of mutiny in 1917, and was about to do to their government what the Russian army did.
Hah. You think Wilson was a decision maker. No Wilson? no problem, there is always another stooge.
It would have put the problem off until after the war was over. A lot of Americans died for nothing there.
Yes, some later Rothschild stooge would have tried to saddle us with a central bank and income tax. But that would have to wait for a new stooge.
Go read about THIS guy!
http://www.damninteresting.com/the-clockmaker/
'entrusted'...yeah
And Angela, here's a pic of Dresden circa Valentines Day, 1945.
There are very few things that compare in quality craftsmanship to a Leica camera. I love my Leica M9.
To be fair, the Germans have no-one but themselves to blame for the two World Wars, notwithstanding France's cretionous conduct after the first one.
So lemme get this straight, Germany requests THEIR gold to be moved. The FED says it will take 7 years and then stall further, not moving any and Germany says that is fine, just hold it?
This should buoy confidence in the system.
pods
Spot on.
Well it would be a confidence shaking event if anyone gave a shit.
You would be lucky to find one out of ten people who are actually aware of what's going on in the world around them, and one in a hundred that could grasp the significance of any of it.
The people who run the show are completely evil, no doubt, but fuck do we make it easy for them.
Don't know what's going on around them. Rubbish. The american people know exactly who the top 20 of american idol are.
What has the NSA on Merkel and others?
.
I could hold their gold for safekeeping too.
"Air" Gold.
Germany has already pivoted East.
Yea, could be the bribe, "Sure you keep our gold, and go fuck yourself. We hangin' with Rus now... please don't hurt us..."
not yet, imho... but getting closer. A few German puppets still standing in the way.
Yes, agreed! Germany isn't BOTHERING to keep asking for its gold from the Fed because they know full well where it is actually sitting. And they know that if they ever want to see their gold again, they will have to play nice-nice with China ... which is exactly what they are doing, ala, the Frankfurt renminbi hub.
And now the Emirates are seller
https://www.ukbullion.com/manufacturer/emirates-gold-dmcc.html
Looks nice, but also with a nice premium....
I'd bet the Fed puts little sovereign flags on the largest stacks for whatever banking cabal visits for inspection.
Now you see it, now you don't.
Inspections???
The fed don't allow no steenkin inspections.
( little flags are useless since each gold bar they were trusted with was individually marked and measured )
I guess it really is unwise to ignore the " you don't hold it, you don't own it" rule. Funny how even the mighty can be fooled.
Miffed;-)
So when does the next version of Das Unterfall cme out on You Tube with Hitler going bonkers when he finds out about the lost gold.....
The Jews are really sticking it to those Germans now.
Wait for it....
Get it right bro....weather.
Always weather.
Anyone holding paper when this gd thing finally goes sideways is really going to be hurting.
If the krauts ..
Had any doubt ..
Whether theyd get lubrication or grout ..
The question has been answered, now its time to pout.
good for them!
@Mr. Pink - You won't, because it will change, not collapse, and the change will be so gradual that most will not even notice or for that matter care.
American Dreams
AD
Yup... no problems at all... just like when your debts and expenses gradually exceed your income and everyone in town catches on about those checks you keep writing...
Nah. A promise is better than nothing.
Looks like the Fed has had some boating accidents as well.
IT WAS THE WEATHER!!!
The gold dissolved during the hurricane Sandy flooding...
What disolved during Sandy were all those real paper stock certificates Wall Street's brokers were holding in one flooded vault.
There are no paper records left to untangle the mess once the derivatives market implodes.
Bottom line
IF you dont hold it - YOU dont own it
The fed holds it soooo
The fed OWNS it
it sucks to be Germany
Das.... how do you say cunts in German?
Fotze
And you would use Die, not das.
Bet the FED has sent it off to the Rothschilds.
WTF??? surely, this must be positive for gold, as in physical gold, in your hand!
The German people have just been shafted. The nations wealth just been stolen, in the open and by the banksters.
Why, please tell me, are there no revolts, yet?
dude come on...first off if anything it's negative for gold. Basically if this is true, then Germany just said "ah....who gives a shit...just keep it, or tell china to have fun with it"
Germany knows well enough that we are well on our way to the cashless society
http://blogs.wsj.com/numbers/one-in-four-americans-has-no-emergency-savi...
where everyone relies on .gov for their stipend. Who is going to revolt and bite the hand that feeds them?
Spot on Fonz
Know your enmy
AD
Actually, it's worse: Half Of Americans Making Under $30K Have Less Than $100 In Savings
I am guessing most of them are cash poor and mom's basement rich.
looks like mom is charging $29901 for room and board !!!
Who needs savings, when you got benefitz. Who needs pride, when you have "help".
You can't have savings if you want to qualify for benefits.
You can't have income.
You have to work the black market for more cash.
I know folks with benefits such as a 1BR in SF, worth 36 k a year, plus food stamps worth say 2k, plus medicaid , worth another 5 k, and a little cash, say 3k.
Thats 46k, inflation safe, and safe.
You need over a million in the bank, and still would not be ahead of them
They do not like when I say that.
Lets tax the rich, the section 8 poor are the new rich.
cash poor but debt rich!
Germans use more cash than any other nation on earth.
Weimar lives long in the memory. That's why cashless will never stick in Europe, the german paymasters won't accept it.
hence nirp bitchez
Wouldn't work. Germans are more likely than anyone else in Europe to actually stuff the cash in a mattress.
"Why, please tell me, are there no revolts, yet?"
2% of the people own gold and 49% of the people survive off of a .gov handout. Who is there to revolt?
100% of people live off of the efforts of those who produce real wealth - that is, that which supports X number of human lives for X number of forward days.
Govt produces nothing.
When the producers wake up to this, they will stop producing a surplus which is taken from them.
If this is true..the people will revolt.....Das Speigal will be all over this if its true....most Germans want the gold back at home....they know our tricks....
Bingo Germans aren't stupid. I think they suspected this would happen. Now they can object to sanctions and continue to sell to the Russians and keep their economy strong while others falter. If I am not mistaken I thought the Austrians have also asked for their gold back. Merkelis breathing a sigh of relief the elections are over though I am not sure how the masses are going to look at their government.