The German central bankers have been pressured by politicians to demand that half of the nation’s gold be sent back to the German central bank.
Senior officials at the Federal Reserve persuaded the Germans to get their gold back over seven years.
Does this sound as though the New York FED has assigned Germany’s gold to other nations? Yes.
Does this sound as though the New York FED has used fractional reserve banking, issuing more receipts for gold than it has gold in its vaults? Yes.
Does this sound as though German central bankers are in on the deal? Yes.
Does this sound like a decision forced on them by politics? Yes.
Does this sound as though there could be a run on the FED’s gold? Yes.
Would this cause a huge run-up in the price of gold? Yes.
Will voters in many nations throw out the politicians who allowed the New York FED to store the nation’s gold if the gold is not there? Yes.
Do politicians want to get re-elected? Yes.
Does this mean that the central bankers’ gold run on the New York FED has finally begun, after 60 years? I hope so.
Audit the FED! Why? Because the FED does not want a full audit of the gold stored in Fort Knox and the New York FED.
Trust, but verify.
No. Scratch that. Distrust and verify.