Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By The Vatic Project (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Fed’s Dirty Little Secret: “The Gold Isn’t There… Exists as Paper IOU’s”

% of readers think this story is Fact. Add your two cents.


***Fund raising status We wish to thank all those who have contributed to  our fund raising efforts so far this month, as it will contribute to our continued efforts on your behalf.  Our need is great since much has happened in the past 30 days that we do not talk about, and part of it is due to the powers that be messing with the blog and our fund raising call for help.  Notice they have messed with the font, the size of the font and the content, but we keep at it.  Sometimes it has taken 3 or 4 hours just to fix what they mess up.

Our deficit, is now down to $230 due by the first of the month, which is behind for this time of month, and still a good distance away from what we need to continue this work.  So if you have benefited in anyway from our work, then please help us stay up by donating at the Pay Pal button off to the right of the blog.  We are grateful that in March we will have served you for 4 years and that is a long time  for our readers to stick with us during some of the most horrific times for our nation and some of the most unbelieveable happenings that  I have ever seen in this country.  

We want to thank you for all your support in both reading what we have found and by passing it around to educate others…. we also appreciate any and all donations that come  from our readers and we wish you great blessings for all the good you are doing.  

Vatic Note:   OK, i will just  come right out and say it.   They remelted the gold to recast into a more convenient storage design that takes up less space, and why did they do that?  Twin star is on the way and they sent all the gold underground.  I do not know that for a fact, but too much is going on that continues to lead me to that conclusion.

I even decided that is why the CAFR accounts have been building up and forced reporting by each muni to the feds on how much they have every year with audited financials.  They will need those funds, to start over again, when they come back up after the event.   Remember, the PTB have known about this event coming since the mid to late 1950′s…. think about it.

That is when the Bilderberg group was organized, when the US Gov put soldiers down in the Antarctic…. why?  The star is coming from the south.  When 30 different countries began putting up research facilities in the Antarctic.  Its also close to when they started the CAFR audit financials being reported to the Feds.  Its when they started doing serious Chemtrail dumping globally.  Its when they wrote up their intent to create a New World Order. 

Fed’s Dirty Little Secret: “The Gold Isn’t There… Exists as Paper IOU’s”
http://www.shtfplan.com/headline-news/feds-dirty-little-secret-the-gold-isnt-there-exists-as-paper-ious_01212014?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SHTFplan+%28SHTF+Plan+-+When+It+Hits+The+Fan%
Mac Slavo, SHTF PLAN
January 21st, 2014                                                   

The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong.

That’s exactly what Germany expected would happen last year when the country requested that the Federal Reserve return about one-fifth of their gold reserves. But that’s when things got really dicey. The Fed announced that Germany’s gold would be returned… but it would take seven years to get back home.

The response to Germany’s request turned heads all over the world and raised concerns that the Federal Reserve had squandered its gold holdings. But this isn’t the only red flag that was raised. Public pressure reached such levels that the Fed was forced to take steps to maintain confidence in its operations, so it started shipping gold to Germany. Except it turns out that the gold being sent back to the Bundesbank wasn’t actually German gold. It contained none of the original serial numbers, had no hallmarks, and was reportedly just recently melted.

The implications are earth shattering and hit the very core of the problems facing America today. The whole system as it exists is just one big paper IOU.
In this must-watch interview with Future Money TrendsJefferson Financial CEO Brien Lunden weighs in on Germany’s gold, what is happening at the Fed and what other central banks are doing right now. Brien also shares his thoughts on where the gold market is today, what to expect in coming years as gold supplies tighten up, how mining companies like Brazil Resources are taking advantage of the current environment, and how to profit from gold in coming years.

http://www.youtube.com/watch?feature=player_embedded&v=7FzFMMdvSwo

For the reply to be that it would take seven years for this Gold to be sent back to you, your Gold to be sent back to you, was an obvious admission that the Gold just isn’t there.

Yes, it’s an admission that the German reserves were not still sitting there in the vault in the same form that they were sent there after WWII. They were not the original Central Bank Gold bars, same serial numbers etc. It’s an admission that at some point since then, that Gold has been used for other purposes.

So the dirty little secret here, is that a significant portion of central bank Gold reserves, including the U.S., don’t exist now in their original bar form. In fact, they exist as IOU’s, paper IOU’s, from the very banks that were bailed out in 2008 by the Federal Reserve.
So the Gold isn’t there, and the secret that they’re hiding is that it’s been replaced by IOU’s, and importantly those IOU’s are for Gold that was borrowed at much lower prices.

The Fed, through their recent actions, has essentially admitted that the gold stored in their vaults isn’t really there. Just as our government refuses to be openly transparent to with the American people, the Fed has resisted all calls to open their books (and vaults) to impartial third-party accountants for review.

The whole system, it seems, is now operating on IOU’s. Be it consumers, banks, the Fed or even the US government, all of the US dollars being exchanged are nothing but worthless pieces of paper, because given the lack of transparency at the Fed, we have to assume that the physical assets supposedly backing all this currency have already been spent.
Are we wrong in making this assumption?
If you were to store some emergency funds with a friend who promised to get them back to you whenever you asked, and then you ask and are told it’ll be a few years before he’ll get you the cash, what assumption would you make?  That your friend has the money on him right now, or that he’s used it for other purposes and doesn’t really know exactly when he’ll have it available for repayment?
Our entire consumer economy, as well as the credit worthiness of our nation, is built upon confidence. It’s took decades to get America in a position where our country’s monetary issues and services would be trusted by the international community. It’s taken just a few years for that confidence to be lost.
It’s now only a matter of time before our creditors and global investors pull the plug on the whole thing.


The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.


Source: http://vaticproject.blogspot.com/2014/02/feds-dirty-little-secret-gold-isnt.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.