The Fed Admits 'We Have NO Gold'



Duh. Fiat currency...money is not real, the worlds money is backed by unicorns and pixie dust.
 
And this is news to you? Nixon took it off the Gold Standard in the 70's so cool story did you hear the latest about Vietnam?
 
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We could get back on the gold standard if we took back the gold we put in the IMF. The IMF is really not the best for the US anyway.
 
Hate to buy too much into the conspiracy stuff, but the fact Ft Knox hasn't been truly audited in decades is pretty sketchy. Good video though, love watching Paul in these Domestic Monetary Policy committee meetings.
 
craigmc said:
We could get back on the gold standard if we took back the gold we put in the IMF. The IMF is really not the best for the US anyway.
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The IMF has been an incredibly useful tool for sucking the money from developing countries to multinational businesses. What's-his-name who jumped the maid in NYC made a lot of noise about changes that would cut into that. No surprise he is gone. Don't f'k with big money.
 
geomark said:
The IMF has been an incredibly useful tool for sucking the money from developing countries to multinational businesses. What's-his-name who jumped the maid in NYC made a lot of noise about changes that would cut into that. No surprise he is gone. Don't f'k with big money.
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^That.

And for those who want to go back to a gold standard:

I want to as well... And I've probably got more gold on hand to go back on it than our gov does. (Please don't tell them that though...)
 
BlokBlok said:
Please explain, seriously. Because I think otherwise even though it is not really possible to go back.
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enjoy

[ame=http://www.youtube.com/watch?v=swkq2E8mswI]YouTube - ‪The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11‬‏[/ame]
 
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Next he's going to give us the breaking news story that Fort Knox's gold is really owned by the Treasury... lmao
 
BlokBlok said:
Please explain, seriously. Because I think otherwise even though it is not really possible to go back.
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JP Morgan made most of his money by manipulating gold & silver when we had a gold standard.

If we went back to it , anyone with a few billion dollars could easily manipulate our entire currency.
 
The federal reserve owns no gold, the treasury on the otherhand has the largest supply of gold in the world - 8,133.5 tonnes, backing up 73.9% of US dollars in gold.
 
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