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Gold Panic in the White House?

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posted on Jun, 9 2009 @ 10:20 PM
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Interesting article and speculations. The basic idea is that the Germans want the physical gold they have stored in the US returned and the US is desperately trying to buy time and avoid this, for a number of reasons. The removal of physical gold by a major player like Germany would be a major blow to US standing in the international financial order, and could be used as a "stick" to punish the US quite effectively. It would also probably have the effect of causing gold price dislocations and shifting the value of certain key types of paper downward, causing intense US pain.



I was watching the NBC special called "Inside the White House" last night and was struck by a meeting with Larry Summers and the President.

www.msnbc.msn.com...

It was touted as an "all access" day in the life of the President but at 7:15 minutes into Part 1 Larry Summers and a man who I believe is Austan Goolsbee come into the Oval Office for a call with "the Germans". Summers is obviously on edge and shuts down the cameras when he begins to discuss the problem.

Summers: "Life has changed..ahh..since the briefing…ahh”

Obama: "For the better or for the worse?"

Goolsbee: "Net-net for the better…wouldn’t you say Larry?" (Goolsbee speaks loudly and unconvincingly for the cameras.)

Summers: “(nervous laugh)..there’s elements of both. The Germans...actually we should stop (the cameras) here."

The cameras and staff are quickly “ushered out” of the Oval Office.


For those who don’t know, Austan Goolsbee is on the Presidents Council of Economic Advisers and is touted as Larry Summers’ “Economic Internet Guru”. In that capacity there is no doubt in my mind that he monitors all the gold internet sites as well as being in charge of coordinating all the “gold disinformation” articles. Like Summers, Goolsbee believes in a kind of “Psychological Tendencies Economic Model” touting that it is perception that steers the worlds economic markets not necessarily fact. Having fought the gold manipulation battles for so long we all know perception can be managed and manipulated as I discussed in my articles “Operation Confidence Con” and “Geithner Plan=Sustained Manipulation”.



More at source
news.goldseek.com...

[edit on 6/9/09 by silent thunder]




posted on Jun, 9 2009 @ 10:43 PM
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reply to post by silent thunder
 


This is not good in the least. If Germany pulls its gold then we would probably see bond dislocation shortly there after.

Makes you wonder what they know that they aren't telling us, that isn't a threat to national security. This is not good at all.



posted on Jun, 9 2009 @ 11:09 PM
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Actually - I think it is fantastic. When the gold and silver manipulation is broken - and gold and silver start awesome bull runs - the $US will drop like a brick and everyone will be throwing it away as fast as possible.

The effect of this is to bring the real issue into sharp focus - the worthlessness of the $US - but it will do so ahead of the NWO schedule - which can only be a good thing. It may provide a chance for Americans to march on their government with enough time to actually achieve something.

The $US is doomed - nothing can save it - the eventual breakout of gold and silver is inevitable - but you want it to start earlier than later.



posted on Jun, 9 2009 @ 11:28 PM
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It is quite simple really.

The central banks in every country hold gold belonging to other countries "on deposit". There is a huge turnover in physical Gold every single day around the world.

In other words, if some American buys a ton of gold from some German, what happens is the gold in Germany is marked "owned by an American". And German gold already held in America transfers from German ownership to American ownership. The American can then just pick up his gold from a US depositary, no need to ship it all the way from Germany.

The gold is very rarely shipped overseas, it is almost always a paper (or electronic) transfer of ownership.

The next day some American gold is bought by a Frenchman. So the gold ownership changes yet again. This goes on every single day in every country.

Gold is very rarely physically moved, because of all the risks. But the ownership of gold held in each country can and does change hands all the time.

It is now very likely that most if not all of the gold held in America actually now belongs to foreigners. If that is true, and they want THEIR gold back, it is both entirely reasonable, and nothing Americans should be concerned about.

That is, unless the gold that is supposed to be held in American custody has long ago been stolen. That is quite possible. The American vaults could be empty, and US bankers continuing the paper transfer of ownership game with foreign banks knowing there is no real gold to back this paper.

If the whole thing was legit, there should be no reason for any concern. The fact that there IS concern about this PHYSICAL gold transfer will start very loud alarm bells ringing around the world.



posted on Jun, 9 2009 @ 11:34 PM
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Originally posted by Amagnon
Actually - I think it is fantastic. When the gold and silver manipulation is broken - and gold and silver start awesome bull runs - the $US will drop like a brick and everyone will be throwing it away as fast as possible.

The effect of this is to bring the real issue into sharp focus - the worthlessness of the $US - but it will do so ahead of the NWO schedule - which can only be a good thing. It may provide a chance for Americans to march on their government with enough time to actually achieve something.

The $US is doomed - nothing can save it - the eventual breakout of gold and silver is inevitable - but you want it to start earlier than later.


When money changes direction that means a great deal of money can be made...if you know which way the wind is blowing.



posted on Jun, 9 2009 @ 11:39 PM
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Originally posted by Silver Shadow
"It is now very likely that most if not all of the gold held in America actually now belongs to foreigners. If that is true, and they want THEIR gold back, it is both entirely reasonable, and nothing Americans should be concerned about.

That is, unless the gold that is supposed to be held in American custody has long ago been stolen. That is quite possible. The American vaults could be empty, and US bankers continuing the paper transfer of ownership game with foreign banks knowing there is no real gold to back this paper.

If the whole thing was legit, there should be no reason for any concern. The fact that there IS concern about this PHYSICAL gold transfer will start very loud alarm bells ringing around the world.


So which one is it? Door X or Door Y? The lady or the tramp? Pic A or Pic B?:



OR






[edit on 6/9/09 by silent thunder]



posted on Jun, 9 2009 @ 11:43 PM
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reply to post by silent thunder
 


It's pic B, all the gold in Pic A is being worn around all the rappers necks and on the rims of their cars.


On a serious note though, it is pic B there is no reason for them to be holding off on this as Silver Shadow said. Thanks for shedding some light on how it works.

The thing about it is that there is noway to come up with that amount of gold in just a few months or even years. It's really funny when you think about it. The people that were producing the liberty dollars were arrested, could it be instead of the charges they were brought up on it is so they could confiscate the gold that they were making the coins out of?



posted on Jun, 9 2009 @ 11:49 PM
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reply to post by silent thunder
 


C'mon, don't you get it? Pic A is "mere" gold; a "barbaric relic" of our unseemly past. The beautiful room in pic B is packed to the brim with "The full fath and credit of the Government of the United States." Who wouldn't choose the latter?





posted on Jun, 10 2009 @ 12:36 AM
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The one thing i don't understand is why the US government does everything possible to stop people in the US from mining gold.

I worked for many years in the gold mining industry and the government uses every regulatory agency and environmental law even to the point of the agencies interpreting the laws in ways that congress never intended just to shut down mining companies.

Why shut down mining in the US.

You would think the government would want MORE gold in there vaults.

Or you would think they would want to replace the gold that is claimed to be in fort knox???

Yet the government does everything to stop mining.

WHY???????????????????????


Only 1/10 0f 1% of the gold that is economically mine-able in the US has been mined.

The US has the largest in ground/unmined gold reserves in the world.

There is estimated to be over 5 tons of gold and 20 tons of silver in cemeteries in the US in the form of dental work.

[edit on 10-6-2009 by ANNED]



posted on Jun, 10 2009 @ 12:40 AM
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Originally posted by ANNED
WHY???????????????????????


Only 1/10 0f 1% of the gold that is economically mine-able in the US has been mined.

The US has the largest in ground/unmined gold reserves in the world.


If that figure is acutually true, then you've answered your own question...they don't want the value of gold to go to the moon, but neither do they want it to crash to next to nothing.

0.1%? Largest reserves? Is this true? Do you have links for these? Not saying you are wrong, necessarily, but I've never heard those figures before.



posted on Jun, 10 2009 @ 12:49 AM
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reply to post by silent thunder
 


I would guess it's because the gold is not their anymore but in the personal banks and treasuries of the ELITE in our country and around the world....


They are buying time until they can come up with the gold or make a legit excuse why it is not there.....



posted on Jun, 10 2009 @ 12:52 AM
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Originally posted by Hastobemoretolife
reply to post by silent thunder
 


It's pic B, all the gold in Pic A is being worn around all the rappers necks and on the rims of their cars.


On a serious note though, it is pic B there is no reason for them to be holding off on this as Silver Shadow said. Thanks for shedding some light on how it works.

The thing about it is that there is noway to come up with that amount of gold in just a few months or even years. It's really funny when you think about it. The people that were producing the liberty dollars were arrested, could it be instead of the charges they were brought up on it is so they could confiscate the gold that they were making the coins out of?



Mr. T's Neckless laughs at picture A........ lol


2 lines...



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