In something you may have missed, because the media certainly missed it... U.S. Treasury Sec. Geithner said that the Obama administration will press Congress for legislation to allow the IMF to sell some of its gold. Uh oh! If the IMF is going to resort to selling gold, then you-know-what is about to hit the fan! It isn't hard money!!! Laus Deo Overbore
Sell it for what"? Us dollars? duetsche marks, franc's,yuan? food and cocaine?cheap hookers and beer?
That's what is so perplexing, why trade the worlds most enduring form of currency for worthless FIAT currency, whether it's for dollars, euro's, yen's, or whatever. What I can see happening is China demanding that we pay our outstanding debts owed to China with our gold reserves. Now that is scary.
Hmmmmm... I'd read some time back there was 200,000 metric tons of gold shipped to China? Maybe they needed some Chinese "take out"? I have no clue! Just worries! Well I just found tons of sorghum ( spelling), and corn, and all kinds of stuff but not the gold! Must have been a misread?
