The Treasury officially values its gold at $42 an ounce. That was the official gold price from 1973, two years after the U.S. abandoned the Bretton Woods system. Of course, the market price of gold today is almost $1,300 an ounce.
But if you take the face value of the gold on the Fed balance sheet, divide it by $42 an ounce and then come up with a number of ounces and convert that into tons, it comes out to over 8,000 tons.
That’s highly interesting, because that’s how much gold the Treasury currently owns.
The Treasury needs at least 8,000 tons of gold to back up that paper certificate it handed the Fed back in the 1930s to satisfy the Fifth Amendment.
Maintaining $42 / ounce would be a good way to prevent immediate crash of the $ as global reserve currency because the value of gold is much higher now. With more (serious) doubt about the gold reserve, an audit would clear doubt. This is getting likelier by the day as China announced the idea of the renminbi as global currency. Running the world's major trade as number one producer, running a trade surplus that makes sense.
A really outstanding compilation. The Gaza, Minn. and most of all the Epstein horrors, leave us shaking. But the "reverse Palantir" piece is the incredibly uplifting. Thanks for this bit of hope for some strategic pushback.
I can’t quite understand how Obama deported more illegals than Trump is doing without much fuss, certainly not this recklessly, unless it’s just the other side causing trouble for Trump (maybe him and his squad personally deserve it but does everyone?)
The other thing is ‘the west’ enabling Islamic terrorists in the Sahel for no apparent reason, unless the French are desperate to save the colonial franc and French central bank control in a lot of these countries. If America and its vassals are just doing it to antagonise Russia I’m sure there’d be easier ways,,the last time I know of was when my country helped the Nigerian Muslims/ the govt to win the Biafra war,,for Shell oil, and most of us know the terrible price the Delta Nigerians paid in that conflict. And now Shell have virtually left the country in any case.
Life or surviving life? Apocalypse, are we there or is this threat postponed for another decade? another century, or millennia? No more hesitancy let this apocalyptic war start right now and be finished! Russia x Zion America, or is it Russia x Zion Ukraine, Iran x Zion America, China x Zion America, Eu x Zion US and what about the whole world x Zion as an Apocalyptic self destructive power to take everything down. You choose there’s no one to support you you’re all on your own.
Where would Epstein be....in Israel, like every jewish criminal fleeing justice on the planet...
Big reveal in the Epstein files is that there's no gold in Fort Knox, and hasn't been for many years...
Could you send some specifics about the no-gold-in-Ft-Knox bit?
This suggests the gold is there and who guards it:
https://dailyreckoning.com/truth-fort-knox-gold/
But the gold is all encumbered, it says:
The Treasury officially values its gold at $42 an ounce. That was the official gold price from 1973, two years after the U.S. abandoned the Bretton Woods system. Of course, the market price of gold today is almost $1,300 an ounce.
But if you take the face value of the gold on the Fed balance sheet, divide it by $42 an ounce and then come up with a number of ounces and convert that into tons, it comes out to over 8,000 tons.
That’s highly interesting, because that’s how much gold the Treasury currently owns.
The Treasury needs at least 8,000 tons of gold to back up that paper certificate it handed the Fed back in the 1930s to satisfy the Fifth Amendment.
Maintaining $42 / ounce would be a good way to prevent immediate crash of the $ as global reserve currency because the value of gold is much higher now. With more (serious) doubt about the gold reserve, an audit would clear doubt. This is getting likelier by the day as China announced the idea of the renminbi as global currency. Running the world's major trade as number one producer, running a trade surplus that makes sense.
Or Switzerland !?!?!
Or Ukraine, or London, or New York...
;-/
A really outstanding compilation. The Gaza, Minn. and most of all the Epstein horrors, leave us shaking. But the "reverse Palantir" piece is the incredibly uplifting. Thanks for this bit of hope for some strategic pushback.
Thanks Jerome. There is a lot going on, and it does not all easily fit into familiar patterns.
It is a mess of history that I'm trying to comprehend as we pass through it.
I think we need to change, in a lot of ways, as the world changes, but being lucky will be important, too.
I can’t quite understand how Obama deported more illegals than Trump is doing without much fuss, certainly not this recklessly, unless it’s just the other side causing trouble for Trump (maybe him and his squad personally deserve it but does everyone?)
The other thing is ‘the west’ enabling Islamic terrorists in the Sahel for no apparent reason, unless the French are desperate to save the colonial franc and French central bank control in a lot of these countries. If America and its vassals are just doing it to antagonise Russia I’m sure there’d be easier ways,,the last time I know of was when my country helped the Nigerian Muslims/ the govt to win the Biafra war,,for Shell oil, and most of us know the terrible price the Delta Nigerians paid in that conflict. And now Shell have virtually left the country in any case.
It's group-identity and cohesion that is the main thing.
Everybody rejoiced that Obama was not Bush, but he just presented much better and more suavely. There was continuity of policy.
;-(
The shortened link of a picture:
https://tinyurl.com/mu7xc5a7
I don't think it's legal tender...
;-/
It's just a symbolic way of showing "state of affairs" without hundreds of pages on text.
Life or surviving life? Apocalypse, are we there or is this threat postponed for another decade? another century, or millennia? No more hesitancy let this apocalyptic war start right now and be finished! Russia x Zion America, or is it Russia x Zion Ukraine, Iran x Zion America, China x Zion America, Eu x Zion US and what about the whole world x Zion as an Apocalyptic self destructive power to take everything down. You choose there’s no one to support you you’re all on your own.
Now, now, you've got to take it as it comes, one step at a time.
Don't be impatient, Guido. You know that.
As AI reads this article what's missing are a few more dashes SERIOUSLY
Hmmm, please clarify your meaning, Tom.