Uncle Sam audits its stash of gold at the New York Fed (hmm...)

Discussion in 'Financial Cents' started by learningsurvivor, Aug 3, 2012.

  1. RightHand

    RightHand Been There, Done That RIP 4/15/21 Moderator Moderator Emeritus Founding Member

    Isn't that a lot like the wolf checking the henhouse for wolves?

    Sent from my HTC PH39100 using Tapatalk 2
    TwoCrows and VisuTrac like this.
  2. ghrit

    ghrit Bad company Administrator Founding Member

    So. Dot gov owns 34K +/- of the gold bars stored. I wonder who "owns" the other 500 or so K bars? (On loan to someone else, or pledged against a loan from someone else? Trusting folks, those someones.)
  3. BTPost

    BTPost Stumpy Old Fart,Deadman Walking, Snow Monkey Moderator

    Yea, It would just like Obummer, to suddenly say, "All the Gold in our Vaults, is now Nationalized, and belongs to US, to Bad, so Sad"
    Of course the RagHeads would cut off all our Oil, and China would DEMAND we Pay our Debts, but HEY, We would have a bunch of shiny Yellow Metal......
  4. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    erm, 21 billion goes into 16 trillion ... well, just a little more than 1/10 of 1 percent of the national debt could be paid off if they sold our portion of the gold. Hell, the other 306 billion dollars worth in there still wouldn't make a dent in the US debt.

    Time to print more money!
  5. Cruisin Sloth

    Cruisin Sloth Special & Slow

    What I don't get is this 16 trillion number ??

    What cloud was it pulled from ? In 2008 , it was the same number 15.8 trillion of internet flash web-page.
    And in 2012 after all the throwing of money to banks,infrastructure,job creation bs and it's only 16 WTF !!
    You don't need to pay China interest ?

    Someone is fiddling the books , it's going too Byte Bad.
  6. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Actually the national debt in August 2008 was around 10.5 Trillion IIRC. so Zero and those congress critters tacked on an additional 50 percent since then.
  7. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Watch the debt and unfunded liabilities suck every dollars, scheckl out of the globe in real time
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