Tag Archive: Fed


Gold Theft by Central Bankers
Courtesy of silverdoctors.com

A few weeks ago, evidence was discovered that Saudi Arabia’s gold holdings in London were being stolen by central banks in the West and re-hypothicated without the Arab kingdom’s permission. However, this confiscation doesn’t appear to be only theft in play as just weeks after the Western led coup helped overthrow the rightfully elected Ukrainian leader, rumors are coming out of Kiev on March 10 that show planes being loaded with what is believed to be Ukrainian gold, and flown back to either the U.S. or London for an unknown purpose.

As our site workers airport “Borispol”, this night in 2-00, with the designated airport runway started unregistered transport plane … According to the staff “Boryspil”, before it came to the airport four collector car and two cargo minibus Volkswagen, while , all arriving truck license plate missing. Car pulled out of about fifteen people in black uniforms, masks and body armor. Some of them were armed with machine guns. These people have downloaded the plane more than forty heavy boxes … After that, some mysterious men arrived too entered the plane.

Later, in Received call back one of the senior officials of the former Ministry of income and fees, which reported that, according to him, tonight, on the orders of one of the “new leaders” of Ukraine in the United States has been taken all the gold reserves in Ukraine … – Zerohedge

Read More Here

 

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The Truthseeker.

Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

Dr. Long Xinming — nsnbc April 18, 2013

The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer.

 

The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else.

 

Germany did finally send some staff to the FED, and they were permitted only into the vault’s anteroom where they were shown 5 or 6 gold bars as representative of their holdings, and were permitted nothing else.

 

They apparently came a second time, and the FED did open only one of 9 rooms and let the Germans look at the stack of gold, but were not permitted to either enter or touch. And they returned home.

 

There has been speculation for a long time, that the FED doesn’t actually have much gold, that it has either sold it off, lent it out, or used it as collateral for borrowings. Either case, there are many claims that the gold that is being stored on behalf of many nations, doesn’t actually exist.

 

And nobody, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold. There is no evidence that the gold actually exists, other than the word of the FED.

 

Even more, the situation is the same with the supposed gold depository at Fort Knox. Nobody has seen the gold there for a very long time.

 

The last audit, and the last public visit, was in 1953, just after U.S. President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. So, there hasn’t been a comprehensive audit of Fort Knox in over 60 years.

 

In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was gold in Fort Knox but, all the same, it sparked even more controversies.

 

Only a small fraction of the gold reserves were made available for viewing, and one Congressman published a report saying that the gold bars held in the fort may have been less heavy than would have been expected.

 

During the past two years, several US politicians have claimed that there is a high chance that neither Fort Knox nor the FED have any gold, or perhaps only a very small amount, and have demanded a full and public inventory and testing, but the FED have resolutely refused.

 

I have no idea what to make of this. There was another incident last year when Goldman Sachs were proven to have been selling gold certificates to the public, ostensibly backed by real gold in their vaults, but the story leaked out that they in fact held no gold at all, and were doing “fractional reserve” gold banking, on the basis that few people would want to claim their gold at any one time.

 

Even worse, Goldman were charging customers storage fees for the gold that didn’t exist. Also, do you recall the information I circulated around the middle of last year, documenting the immense gold theft the FED pulled on much of the world during WW II?

 

 

Read More Here

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Politics, Legislation and Economy News

Economic News – Banking / Financial Corruption – Fiscal Irresponsibility – Rising Costs

The noble purpose of QE3 is to save the economy, right?

To put people back to work.  To put America on the road to recovery…

Hogwash.

It’s a scam right down to the bone.

Here’s the real story the financial news media won’t tell you.

Published on Sep 25, 2012 by

More videos at: http://www.brasschecktv.com

QE3 Explained Simply

Written by:
Written on:August 15, 2011

QE3 explained for the layman.QE3, or quantitative easing 3, lingers in the back of investors’ minds.

Few investors seem to know exactly what quantitative easing really means.

We’ll take the time to explain it now.

QE3 Explained

Quantitative easing is a simple concept: a central bank “prints” money to buy long- and short-dated government debt. The goal is to drive down interest rates, boost demand for investment capital, and increase economic output.

Supply and demand are equally powerful forces in the currency and debt markets as they are in the market for shoes, toothpaste, or jelly beans. Increasing supply means lower prices. For currency, the price is not only the current price, but also the future price—interest rates.

Many think that quantitative easing 3 will never come. The Fed has agreed to make the market for dollars liquid with a promise to keep interest rates at 0-.25% for the next two years. That action alone should keep the price of money inexpensive enough to end all talk of QE3.

Effects of QE3

We can’t predict with certainty what the Federal Reserve will do to boost output, stave off deflation, and promote general economic growth. However, we can explain how QE3 will affect the markets, pending that it does eventually come:

  1. Lower Treasury Yields – The Federal Reserve is authorized to buy US Treasuries with freshly printed dollars. When the Fed bids up the price of US Treasuries, the yield on US Treasuries moves down. This is true for any bond—price and yield are inversely-related.
  2. Lower dollar value – By nature of any quantitative easing program, the Fed must create more dollars to buy up US Treasuries. Naturally, this results in a lower dollar value against other currencies, as the price of the currency is dictated primarily by supply and demand.
  3. Inflation concerns – It happens every time the Fed acts to loosen monetary policy. Inflation remains low in the US, but a small group of investors worry that quantitative easing will lead to inflation. The reality is that the Fed would like to see inflation, since it has thus far failed to create any real measurable amount of it. Deflation remains a top concern.
  4. Rising asset prices – Assets are priced into the future, whether we’re talking about stock prices, or the price for a barrel of oil. When the time value of money falls, investors can pay for earnings further out into the future. Bernanke made it clear his goal was to boost the financial markets, and that means giving lift to asset prices.

Politics and  Legislation

McConnell vows full-fledged assault on health law amid threat to his leadership

By Julian Pecquet and Alexander Bolton – 03/01/12 06:42 PM ET

Top Dem on House Approps committee announces retirement

By Russell Berman – 03/02/12 11:25 AM ET

Watch Andrew Breitbart’s Fiery CPAC Speech: I Have ‘College Days’ Obama Videos

by James Crugnale | 8:58 am, March 1st, 2012

Economy

The trillions the government doesn’t account for

http://www.washingtonpost.com/opinions/the-trillions-the-government-doesnt-account-for/2012/02/17/gIQABgdZlR_story.html

Saudi Officials Deny Reports Of Pipeline Explosion After Crude Oil Hits $110, But We Have Photos That Could Tell A Different Story

http://articles.businessinsider.com/2012-03-01/markets/31115532_1_pipeline-area-qatif-price-of-oil-shot#ixzz1o21xvmKO

German prosecutors launch 80 raids in insider probe

http://uk.reuters.com/article/2012/03/01/uk-germany-raids-idUKTRE8201NK20120301

Americans Will Need “Black Markets” To Survive

http://www.alt-market.com/articles/606-americans-will-need-black-markets-to-survive

Federal Reserve Banker Fraud Exposed In The Mainstream

http://www.alt-market.com/articles/605-federal-reserve-banker-fraud-exposed-in-the-mainstream

Mass Resignations Of Major Bankers And Political Figures- Economic Financial Collapse?

http://beforeitsnews.com/story/1838/087/NL/

Oil Companies Earn Billions While Americans Pay More

By Daniel J. Weiss, Jackie Weidman and Richard W. Caperton

http://www.nationofchange.org/oil-companies-earn-billions-while-americans-pay-more-1330707050

Plan for an economic 9/11′: Analysts warn Americans to buy guns and gold, predicting market crash and street riots within a year

http://www.dailymail.co.uk/news/article-2107315/Market-crash-street-riots-year-Americans-plan-economic-9-11.html

Wall St slips but S&P up for 3rd straight week

http://finance.yahoo.com/news/stock-index-futures-point-lower-103407679.html

How Gold rises above $5000 per Ounce but is only Worth 500

ByJohn GaltMarch 1, 2012

Fannie and Freddie drop the ball

Mortgage write-downs have been rejected by Fannie Mae and Freddie Mac. That decision hurts borrowers, their neighbors and taxpayers.

http://www.latimes.com/news/opinion/opinionla/la-ed-foreclosure-20120301,0,4557762.story

Stockton could become biggest city to goStockton

Stockton council votes for mediation; city could become biggest in US to go bankrupt

http://finance.yahoo.com/news/stockton-could-become-biggest-city-062559370.html

European funding sows seeds of next crisis

http://www.marketwatch.com/story/european-funding-sows-seeds-of-next-crisis-2012-03-02?link=MW_latest_news

RBS raises mortgage rates as Halifax prepares to follow suit

Millions of financially stretched households are likely to lose the lifeline of low interest rates keeping them afloat, mortgage experts warned after the Halifax prepared the ground for a rise in mortgage rates and RBS announced an increase.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9118253/RBS-raises-mortgage-rates-as-Halifax-prepares-to-follow-suit.html

Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

Spain is already planning to breach its budgetary targets, defying European leaders on the day they signed their historic fiscal pact.

http://www.telegraph.co.uk/finance/financialcrisis/9119376/Spain-planning-to-breach-EU-budget-targets-warns-prime-minister-Mariano-Rajoy.html

Taxpayers’ ‘bad bank’ repossesses nearly 9,000 homes

Britain’s taxpayer-backed “bad bank” repossessed nearly 9,000 homes in 2011 as its profits more than doubled, allowing it to repay £2.1bn in loans to the government.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9118489/Taxpayers-bad-bank-repossesses-nearly-9000-homes.html

Oil price rise a bigger threat to global economy than Greece, says HSBC

The runaway oil price has overtaken fears of a Greek sovereign debt default as the biggest threat to the global economy, according to HSBC.

http://www.telegraph.co.uk/finance/oilprices/9119431/Oil-price-rise-a-bigger-threat-to-global-economy-than-Greece-says-HSBC.html

BP reaches £4.9bn Gulf oil spill deal

BP has reached a £4.9bn ($7.8bn) deal with thousands of people hit by by the oil giant’s Gulf of Mexico oil spill disaster.

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9120462/BP-reaches-4.9bn-Gulf-oil-spill-deal.html

Citigroup Chairman Parsons stepping down

http://finance.yahoo.com/news/citigroup-chairman-parsons-stepping-down-003540131.html;_ylt=Auc7NokErY10r0aEezEexSqiuYdG;_ylu=X3oDMTQ0bGllaGpiBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDNDMwMTBmMjMtMWUwNC0zNDJiLTk4ZWQtNWUxMDUxNTY2MDMzBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyAzAyOTIxZTAwLTY0YzktMTFlMS1iZmJiLTM5ZjkzN2IxZjk1Yw–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Credit Suisse to face National Century fraud case

http://finance.yahoo.com/news/credit-suisse-face-national-century-213850783.html;_ylt=An5vPMLMjfXkPBcs3k.CL_.iuYdG;_ylu=X3oDMTQ0N2RncWNiBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZTIyMTNkZTYtNGFmZC0zOGJkLThkOGQtMTBhZjQ1OGVmNTFlBHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzRlYjIzN2IwLTY0YmItMTFlMS1iYmZmLWY5NWQ5MGM2NmM5Mw–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Morgan Stanley banker charged with hate crime

http://finance.yahoo.com/news/morgan-stanley-banker-placed-leave-163156246.html;_ylt=AoO6oQkabbsAMyzHGHhYbjCiuYdG;_ylu=X3oDMTQ0MXRjN2hlBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDN2UzOTBhODUtNWJmYy0zMDY1LTg2YzUtMTU5NDllYjRlY2FhBHBvcwM3BHNlYwN0b3Bfc3RvcnkEdmVyAzc0MDA5M2UwLTY0YTItMTFlMS1iZmZkLTU0YzM3ZTcxZTJkNA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Wars and Rumors of War

U.S. has military plan should Iran conflict erupt, says air force chief

http://www.haaretz.com/news/diplomacy-defense/u-s-has-military-plan-should-iran-conflict-erupt-says-air-force-chief-1.415734

Ex Senators Say Saudi Arabia May Be Linked to 9/11

http://abcnews.go.com/Blotter/senators-saudi-arabia-linked-911/story?id=15827925#.T1GwQLQycdR

‘Qatar, KSA seek bloodshed in Syria by arming rebels’

http://www.presstv.ir/detail/229310.html

NSA Power Grab: New Legislation Would Give It Broad Powers To Spy On ‘Critical’ Private Networks

http://www.techdirt.com/articles/20120229/17512717918/nsa-makes-its-power-play-to-spy-key-private-networks-pretending-that-only-it-can-protect-everyone-attack.shtml

Libyan Gov’t to Give $100M to Syrian Rebels

The Libyan government – formerly Libya’s opposition forces – says it will give $100 million in food and medicine to Syria’s rebel forces.

http://www.israelnationalnews.com/News/News.aspx/153330#.T1G4PrQyega

Ireland Signs Controversial ‘Irish SOPA’ Into Law; Kicks Off New Censorship Regime

http://www.techdirt.com/articles/20120229/13541517916/ireland-signs-controversial-irish-sopa-into-law-kicks-off-new-censorship-regime.shtml?utm_source=dlvr.it&utm_medium=twitter

Obama says he’s not bluffing on Iran nukes

By Joe Sterling, CNN
updated 8:48 PM EST, Fri March 2, 2012

Israel confirms plans to test missile system as Obama meeting looms

First test of Arrow 3 interceptor system intensifies speculation Israel is planning for military confrontation with Iran