posted on Jun, 7 2011 @ 09:30 PM
People seem to be up in arms because THE FEDERAL RESERVE doesn't have gold ...
1. The gold was handed to the department of the treasury in the 1930s
2. The department of treasury has been in charge of gold reserves since 1937
3. Fort knox is a branch of ... the department of treasury, not the federal reserve ..
4. The federal reserve != the department of treasury
So I ask AGAIN ...
How is this news that the federal reserve has no gold? it's known that they don't .. it's not their job..
What is the big deal? This post is about the fed saying they don't have gold.. which they shouldn't .. now, ask the treasury because it's their job to
edit on 7-6-2011 by miniatus because: (no reason given)