Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world's second largest holder of gold signaled a growing, if clandestine, mistrust among central banks, possibly fueled by diverging policy goals. The Germans have attempted to tamp down the alarm by highlighting the myriad of logistical, practical and historical reasons that qualified the announcement as unremarkable. But the size, scope, and timing of the move makes it hard not to draw...
The article doesn't mention that yesterday Azerbaijan announced it is withdrawing 1000 tonnes of it's gold from New York. I seriously doubt that the U.S. still physically has possession of all of the gold deposits that other countries have "stored" here. Prepare for the fed to again outlaw private ownership of precious metal like they did in the 1930's. There is going to be a global run on the "bank of United States" that can no longer be covered because it's been "invested" out by the New York banksters and the Fed. We're not only broke, we've spent other people's money and the day of reckoning is at hand.
- Quotes of the day Allahpundit 3 hours ago
- Ebola: First case coming to America Mary Katharine Ham 3 hours ago
- Wisconsin Supreme Court upholds Gov. Scott Walker’s signature Act 10 in its entirety Mary Katharine Ham 4 hours ago
- Is Romney poised for a comeback? Allahpundit 5 hours ago
- Video: Baffling gun-control ad from Mike Bloomberg’s group draws inevitable response Allahpundit 5 hours ago
- Democratic Senator calls for CIA director’s resignation for spying on Congress Noah Rothman 6 hours ago