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It's difficult to take this article seriously. > the New York Fed, an institution that is owned and controlled by Wall-Street-banks No, it isn't. > In a coun
by mercurialshark 9y ago
It's difficult to take this article seriously.
> the New York Fed, an institution that is owned and controlled by Wall-Street-banks
No, it isn't.
> In a country, whose current president considers it an imposition that the law and so-called judges tell him what he is allowed to do and not allowed to do.
His rhetoric doesn't prevent the judiciary from acting or render the other two branches moot.
> The way in which the official gold of the US, and the gold held in custody for other countries, is guarded against public scrutiny and shielded from its owners, gives fodder to any number of conspiracy theories.
You can bet the largest repository of gold is off-fucking-limits. And, no, it doesn't.
> Had the New York Fed refused to let a foreign central bank, which was under such obvious pressure, retrieve some of their gold, these conspiracy theories around official gold might very well have become intense enough to damage trust in the dollar.
What? How? Negative.
- raverbashing 9y agoCan you really say with a straight face that if they can't produce what they say they are storing for a third party that their reputation is not going to go down the drain? If any bank prevents anyone from getting their deposited money, for reasons other than legal, there would be serious questions about their trust
- mcv 9y agoAbsolutely. If countries want their gold, and the US refuses to give it to them, what does that mean? Has the US stolen it? Has someone else stolen it? If this is true, it suggests that all those countries were wrong to trust the US, as the US is untrustworthy one way or another. Of course those countries having lost their gold is not good for them either, so it seems everybody has agreed to continue the lie. This stuff sounds bad enough that it might turn me into a conspiracy theorist. But how is any of this even remotely acceptable?
- tmsldd 9y ago"Has the US stolen it? Has someone else stolen it?"... to complete your line of thought I would make one more question: Has it ever existed? The whole thing about gold lies in the impossibility of speculation. Of course, it doesn't hold if one single institution controls of all of it...
- jcfrei 9y agoIt appears to be just another one of these fluff pieces gold bugs keep on sharing. Full of allegations and semi-truths in order to suggest that gold is all that matters. > It consisted in the promise that in exchange for getting those 300 tons, they would leave four times as much in New York and stop forever fussing about it. This is my reading anyway, based on what I understand is usual diplomatic custom and lingo in such affairs. No factual evidence is provided to back up those claims. And other news outlets about the same event (eg. https://www.nytimes.com/2017/02/09/business/germany-gold-reserves-bundesbank.html https://www.nytimes.com/2017/02/09/business/germany-gold-res... ) don't feature any similar interpretations.