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allodial
09-14-15, 04:01 PM
U.S. Gold Reserves Bottom Out As Europe's Banks Seek Financial Independence

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European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence.

Gold always glitters, and once upon a time, the reputation of the United States as a safe place to store nationally-owned gold reserves offshore did as well.

However, many economists, such as Economist Lew Rockwel, are now convinced that this may not be the case, and insist that US supplies are rapidly becoming depleted.

It all started in 2012, when Germany attempted to request that the US repatriate its gold. It was followed by The Netherlands, France, Belgium and, finally, Austria.

Since then, the central banks of these countries have taken about 250 tons of the precious metal, decreasing the stash kept in the vaults of the NY Fed to 5,950 tons, its lowest level in two decades.

The last repatriation occurred back in 2007-2008, when foreign central banks took out about 400 tons of the metal.

Lew Rockwel, who is also the founder and chairman of the Ludwig von Mises Institute, says the move indicates a growing desire of the aforementioned states to get more independence from the US.

[Source/more (http://sputniknews.com/business/20150914/1026974329/europe-frs-gold-repatriation.html)]

edward222
09-22-15, 08:21 AM
Interesting.
But Gold in these days is getting lower.

allodial
09-22-15, 11:58 AM
Interesting.
But Gold in these days is getting lower.

More is being mined. The value is going down. China is said to currently be the largest producer of gold at this time. Isn't it odd, however, that the country that provides security to Europe for over 50 years could possibly be in debt to anyone?

Chex
09-22-15, 01:56 PM
How China fooled the world with Robert Peston, 15 September 2015 Last updated at 23:30 BST

Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble.

Peston reveals what has actually happened inside China since the economic collapse in the west in 2008.

It is a story of spending and investment on a scale never seen before in human history.

This programme was first broadcast in February 2014.


https://www.youtube.com/watch?v=cwiEKVrZFWc

pumpkin
09-23-15, 11:20 AM
IMO, there is lots and lots of gold in the vaults, they just aren't going to hand it over. The strength in gold for the international satanist bankers is its containment. It can compete directly with their fiat and when it does, it wins every time.

shikamaru
09-26-15, 08:46 AM
All that glitters is not gold :).

Gold, in and of itself, is not a panacea.
Gold as money has caused just as many hardships as fiat as "money".

The more I research and review, monetary systems themselves are fundamentally problematic.

Chex
09-26-15, 05:28 PM
No less important is the historic – and ongoing – boom in manufacturing capacity in China and throughout Asia. This has created excess capacity and increasing pricing pressure for too many manufactured things, a situation only worsened by Japan’s aggressive currency devaluation. This dilemma, with parallels to the commodity economies, becomes especially problematic because of the enormous debt buildup over recent years. While this is a serious issue for the entire region, it has become a major pressing problem in China. http://dollarcollapse.com/the-economy/what-blows-up-first-part-3-subprime-countries/