Special to Virginia News Source

by Larry Henry
Columnist

During the Cold War Germany transferred most of its gold to the Federal Reserve Bank in New York City in case the USSR invaded Germany. 1,536 tons to be exact, but the German people have become concerned over the unstable monetary policies of the United States. Pressure was exerted on the Bundesbank in Germany to bring their gold home. So the Bund requested an inspection of its gold. The Fed refused the inspection.

Concern spread to Austria. Their 244.4 tons is stored in London. Turns out the Austrian gold has been “leased out” by the UK. That also appears to be the case with the German gold.

It seems this practice is done all the time. The gold is leased to a bullion bank, which typically pays 1% interest to the Fed, with a promise to return it on a specified date. The bullion bank then “sells” the gold on the open market, and uses the proceeds to buy Treasury Bonds which once yielded a profit.

What could possibly go wrong?

Just about everything. The bank who owns the gold could insist their gold be returned, in which case the bullion bank would be forced to buy gold back at the current rate. If the price has escalated the bullion bank will lose money or go under. If the bond market crashes the bonds would be worthless, leaving the bullion bank and everyone else out on a financial limb. In the case of a depression … !

To keep this gold charade going the banks are careful not to demand their gold be returned immediately. Which tells us want? There are two sets of books, the Federal Reserve account and the purchaser of the gold account.

It gets worse.

The International Monetary Fund requested its 191.3 tons be returned by Uncle Sam, but the US kept stalling. Strauss-Kahn was the IMF president. Rogue CIA agents informed him the gold was missing. He told Paris, and Paris told him to get out of the country. Before he could leave, CIA agents swooped in and arrested him for “molesting a chamber maid.” Sources state the idea was to discredit Strauss-Kahn. The KGB got wind of this, and let the cat out of the bag. The KGB thinks the gold at Fort Knox is lead.

Ron Paul has stated repeatedly he believes the US government has lied about its gold reserves in Fort Knox. Congressman Paul introduced a bill in 2010 to force an audit of the Federal Reserve. That bill was shot down by the Obama regime.

Governor Rick Perry announced in 2012 he was moving their $1,000,000,000 in gold from NYC back to Texas. It appears the Federal Reserve has “unclean hands.” What are Obama and the Fed up to?

 

You can contact Larry @ 865-607-3472 or email him at:   This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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