The mythical/farcical “gold” of Fort Knox, a military installation in the state of Kentucky, has become a joke of legendary proportions. It is a reputed hoard of 1,000’s of tons of supposed gold, which no one (except the bankers and politicians) has seen in well over 50 years, but which the bankers and politicians insist – emphatically – is still safe and secure.
What ammunition do these individuals, of dubious integrity, produce when they attempt to prove the existence of this supposed gold? They point to the private, internal “audits”, which the bankers and politicians have occasionally conducted, over those many decades.
The most-recent of these “audits” typifies the farcical nature of this bankers’ joke. The U.S. Treasury Department’s Inspector General went to “audit the gold” at Fort Knox. He arrived at the vault, saw that the seal on the vault was still in place, and concluded it was unnecessary to go to all the bother of counting the gold (let alone inspecting the purity of the bars).
Apparently the thought that “someone” (i.e. banker or politician) could have broken the seal, and then had it replaced, never entered into the thoughts of the intrepid Inspector. As quipped at the time; it was the world’s first “faith-based audit”. He believed that everything was in place, so there was no need to go to all the time/effort/bother of an actual (legitimate) audit.
Of course if the Inspector General was so perturbed at the thought of “breaking the seal” on the front of the vault, he always had another option. He could have entered through the escape tunnel, at the back of the vault.
This was the status of the mythical Fort Knox gold: 1,000’s of tons of gold which no one ever sees, decade after decade, and which the bankers and politicians have stopped even pretending to “audit”. Then (as reported at Jim Sinclair’s site) an inquisitive journalist from Goldseek.com made a request under the Freedom of Information Act to see the (old) private audits conducted by the bankers/politicians, and a funny thing happened. The politicians are claiming that these audits have been “lost”.
Are there any “audits” of Fort Knox gold still in existence, at all? Yes, but those audits only claim to “prove” the existence of 3% of this supposed gold. The audits which supposedly “proved” the existence of the other 97% of this gold are gone.
To summarize: the bankers and politicians have stopped even pretending to count/inspect the thousands of tons of gold supposedly stored at Fort Knox. They assert that this is unnecessary, as their old (private/internal) audits “proved” all the gold was there. And now those audits are gone.
The United States government (and Federal Reserve) now has no proof of any kind, or even quasi-legitimate audit to establish the existence of the gold supposedly held at Fort Knox, the bulk of the “8,000 tons of gold” which the U.S. government continues to assert that it possesses. But gold is a monetary asset, and (despite the rhetoric of the bankers) an official part of the financial reserves of the government of the United States.
If the “gold reserves” of the U.S. have now been rendered unofficial/unproven, then the financial reserves of the United States, as a whole, are now unofficial/unproven.
If the “world’s only superpower” still wishes to claim to be anything other than a corrupt, Banana Republic; it is incumbent upon the U.S. government to conduct a full, official audit of all its finances, now that the integrity of those finances has been (officially) tainted. When the government of the United States reports its official, financial reserves to a variety of international authorities; it is not acceptable for there to be an “asterisk” beside that number.
Of course this means that it was incumbent upon the U.S. government to begin (and announce) such an audit, the moment it (supposedly) discovered that these audits were “lost”, vis-à-vis Goldseek’s request. Obviously such an audit has not begun. Obviously “the world’s only superpower” no longer thinks it necessary for its official, financial reserves to be supported by even the dubious (private) audits of its own, corrupt henchmen.
The “gold reserves” of the United States of America are now officially unofficial. The financial reserves of the U.S. government are now officially unofficial. This is a Banana Republic. It cannot be trusted to issue its own (absurdly debauched) currency, let alone be entrusted with operating the “reserve currency” of the entire world.
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