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I agree with the lady: If Fort Knox is empty of gold, I'm not so sure I want to find out about it.
Even if Ft. Knox has what the inventory says is there, the derivatives created by 'Richard' are a far greater liability than what is on the Inventory. 147.3 million oz. of gold is only worth 235,000,000,000 dollars.
That's 235 Billion$.
Not enough. Way not enough. Astronomically bad not enough.
There is much more to this story, a lot more.
How much gold is really in storage worldwide? I doubt that there is $16T, the amount of loans made by Geithner
If the buillion holdings in the world won't cover the worldwide debt, then it comes right down to what a nation produces. On that account, the US is greatly disadvantaged.
Even if Ft. Knox has what the inventory says is there, the derivatives created by 'Richard' are a far greater liability than what is on the Inventory. 147.3 million oz. of gold is only worth 235,000,000,000 dollars.
That's 235 Billion$.
Not enough. Way not enough. Astronomically bad not enough.
There is much more to this story, a lot more.
How much gold is really in storage worldwide? I doubt that there is $16T, the amount of loans made by Geithner
If the buillion holdings in the world won't cover the worldwide debt, then it comes right down to what a nation produces. On that account, the US is greatly disadvantaged.
Land of Make-Believe
Why should Fort Knox rely upon real assets when no one else does? The goal of maintaining control of the game is to keep the traders interested only in the paper variety, which the gamesters conveniently control.
Why should Fort Knox rely upon real assets when no one else does? The goal of maintaining control of the game is to keep the traders interested only in the paper variety, which the gamesters conveniently control.
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“
Quote of the Day
Mystery creates wonder, and wonder is the basis for man's desire to understand. Who knows what mysteries will be solved in our lifetime, and what new riddles will become the challenge of the new generations.
- John Keel
”
Recent Comments
So charge him, perp walk him, give him a 24 / 7 OJ trail so we can finally watch him squirm, like he made the majority squirm. Deplete his savings...
All those who still rely on their doctors, the pharma industry or "medical studies" for their health have it coming. It's too late anyway. And...
That photograph doesn't show the Strait of Hormuz - the Strait at its narrowest is about 20 miles wide. More AI idiocy. :( The situation is stupid...
George Orwell predicted AI slop
Loving this El Nino monster this year. Coming off a great winter with never driving on snow, and in Kanada, that's rare. Springs been great, lots...
...they don't answer the question.
In classic History Channel style, it's left up in the air.
We have remote viewers, psychics, and astral walkers who could all probably go look if they really wanted to. But who wants to be in the cross hairs for revealing government secrets?
I think they may have over-stated the hazards of having no gold. After all, you can't eat gold, or drink it, or build houses with it. This whole "economy" game is just a paper chase that tends to ignore the basics. People must produce more than they consume or they will die. Many of us have reserves. The value of those reserves will suffer if the dollar crashes. But it won't go to zero. But our other reserves are our education, our skills, our ability to produce, and our willingness to work. And you can't take those away from us so easily.
What bothers me is that the right to own and control property could be used by a minority to marginalize a sizable segment of the population. Willing hands might be prevented from growing food to feed themselves because they could not gain access to land.
So far, that has not been the strategy in America. But other countries have had to deal with this for decades. Force of arms trumps human rights every time. If we don't want that to happen in America, I think it's time to get inventive.