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It’s extremely naive to think the Federal Reserve has lent out the gold and it no longer exists. It’s up there with insider job 9/11 conspiracies. Modern banki
by infecto 1y ago
It’s extremely naive to think the Federal Reserve has lent out the gold and it no longer exists. It’s up there with insider job 9/11 conspiracies.
Modern banking and finance, not just in the US, relies on fractional reserves. This is not a movie.
- greenavocado 1y ago[flagged]
- infecto 1y agoAre you ok? Fort Knox has nothing to do with the federal reserve.
- bboygravity 1y agoIt has everything to do with the topic this thread is about though.
- infecto 1y agoIt really doesn’t. The Federal Reserve’s gold vault is in New York, not Fort Knox, and it’s separate from the U.S. Treasury’s holdings. This thread started about foreign gold held at the Fed, Germany and Italy’s reserves, not U.S. sovereign gold in Kentucky. Mixing those up is like arguing about your neighbor’s bank account while waving around your mattress stash. Different institutions, different controls, different issues. Or while you are at it provide some evidence to your conspiracy theory.