Before going nuts, check out if there is really any gold at Fort Knox. The Federal Reserve Banks, privately owned by 7 Jewish Familes are the only one with any real idea.
Fort Knox hasn't been audited since the 50s, strange that
Note during the show that there is a backdoor to allow Gold to be trcked in, and of course allowed for these criminals to remove the Gold also.
History Channel Propagnda Presents:
Documentary which takes a look at one of the world's most fortified buildings, the US Treasury gold depository at Fort Knox, Kentucky. Protected by seven electrified fences, armed guards and a vault door that weighs over 24 tons, Fort Knox contains an estimated 4,570 tons of gold bullion and various other government treasures
Title:..........:Fort Knox: Secrets Revealed
Air Date:.......:01/12/2007
Release date:...:01/12/2007
Genre:..........:Documentary
Format:.........:XViD
Source:.........vB-STREAM
Video Codec:....:XViD
Video Bitrate:..:997 kbps
Video Resoul:...:576x432
Audio Bitrate:..:130 kbps VBR MP3
Runtime:........:01:26:21
This article was first published
(September 1, 2001)
As U.S. citizens, we have lived for decades without any gold backing to our currency, but we’ve always slept soundly knowing that our national gold reserves, the world’s largest, were safely stored away at Fort Knox and elsewhere in the U.S., ready for any national emergency.Yet, for years, members of various fringe groups have told us that there is no gold in Fort Knox, just as their fathers said that the moon landing was staged and filmed on a Hollywood back-lot, even as their grandfathers said that the world is flat!
Yet, today evidence is starting to accumulate that even though the gold in Fort Knox is all physically present and accounted for, the problem is that it may no longer belong to the United States.And it all comes as a consequence of the Treasury’s declared 30-Year War on Gold (which began in earnest when the gold window, allowing the redemption of dollars in gold, was closed in 1971). Since the 1960’s, the Treasury and the Federal Reserve Board have employ a range of strategies to try to minimize the role and importance of gold:PERSUASION.
The Treasury, in an effort to defend the dollar, has long "talked down" the role of gold in modern monetary systems. This disparaging of gold as a ‘barbaric relic’ is a longstanding and perfectly defensible behavior on the part of the U.S. Treasury.COERCION- Facilitating and encouraging sales and lending of gold by other countries, gold-holders, and mines in order to maintain an atmosphere of "oversupply" of the metal goes one step further.
A concerted effort to lower gold prices is a strategy that fixates on the role of gold as a benchmark sign of inflation. This ‘tampering with the evidence,’ so to speak, is ultimately bad news for many poorer countries and working people who depend on gold mining for revenue, as well as investors in gold.
But the Treasury and the Fed will go to great lengths to support the thesis that the dollar is ‘good as gold,’ and that inflation is not a concern.DESPERATION- Actually swapping, trading, loaning, or otherwise encumbering the U.S. gold reserves would seem to be the last thing the Treasury would do. Unfortunately, there is evidence that exactly that has happened. And if the U.S. government has in fact lost ownership rights to over 80% of what were formerly referred to as "U.S. Gold Reserves," then they have gone beyond jawboning, arm-twisting, market-fiddling, and monetary suasion in its various forms – they have hocked the family jewels, and that’s some serious stuff.
A few implications of U.S. gold reserves being encumbered come to mind:
1. Popular outrage will arise once this becomes public knowledge. Political fallout, finger-pointing, and investigations will follow.
2. And if true, then the Fed and Treasury have shot their wad in the War on Gold and the defense of the dollar. Internationally, gold is monetary power. Without gold, there is no power, and therefore leverage, to defend the currency. What you end up with is a completely faith-based dollar.
We have always found John Hathaway to be one of the most realistic and knowledgeable commentators on the gold market. He is the portfolio manager of the Tocqueville Gold Fund, and he gives us a refreshingly rational take on the current gold question in his essay, "Gold As Theatre." With his kind permission, we present it here:
