A run on the Federal Reserve (Texas wants its gold, Along with Germany, Azerbaijan, The Netherlands, Switzerland)
2013 03 26

By Nick Sorrentino | Against Crony Capitalism


We are seeing a slow motion run on the Federal Reserve. Around the world faith in the dollar is on the wain and sovereign governments are becoming more concerned with the whereabouts of their ultimate store of wealth, gold.

During the cold war many governments sought the perceived safety of of storing their gold in the United States, protected from the communist menace in the Old World. Germany and many other countries moved their gold stores to the New York Fed for safe keeping. If all else failed and the Red Army rolled across the Polish plains and into Western Europe, at least the core wealth of Europe would be safe in the free world.

But times have changed. All around the world financial leaders are looking over their cards at the other players at the table. Many are looking at the US who actually holds their chips. The Soviet menace is gone. Why should I have to ask the United States for my chips when I want to play?

Plus the USA isn’t the straight shooter many thought it once was. Uncle Sam might be getting a little too cozy with the chip piles. He actually thinks that he’s the house. Maybe the American casino isn’t the best bet any longer.

[...]

Read the full article at: againstcronycapitalism.org



Related Articles
Ron Paul - Audit Fort Knox
Why Bitcoins Are Just Like Gold: Both are valuable because we say so
James Turk: "Germany’s Gold Is Being Held Hostage By The Fed"
Treasury’s Audit of the Federal Reserve’s Gold Is Pure Propaganda
Dollar Collapse: Where is Germany’s Gold?


Latest News from our Front Page

Norway Joins the Race to Develop Killer Robots
2014 10 24
Norway is a large exporter of weapons, which makes the resolution of the debate about creating killer robots an important issue for everyone.  One could debate the overall merits or failings of robotic systems, but an area that clearly has become a point for concern on all sides is the emergence of "killer robots." According to robotics pioneer, David Hanson, ...
Gene That Once Aided Survival in the Arctic Found to Have Negative Impact on Health Today
2014 10 23
In individuals living in the Arctic, researchers have discovered a gene variant that arose thousands of years ago and most likely provided an evolutionary advantage for processing high-fat diets or for surviving in a cold environment; however, the variant also seems to increase the risk of hypoglycemia, or low blood sugar, and infant mortality in today’s northern populations. {snip} “Our work ...
The Ebola hoax: questions, answers, and the false belief in the “One It”
2014 10 23
“The Reality Manufacturing Company doesn’t just sell ‘fake paintings’ that are easy to spot. No. They also sell images that are geared to mesh with people’s deeply held instincts and thereby produce rigid false beliefs. People are sure that if they gave up such beliefs, their world would fall apart and blow away in the wind.” ...
New Controversial Theory Suggests "Hobbits" Were Not Human - Who Were These Mysterious Beings?
2014 10 23
The origin of the Hobbit species remains a challenging subject to scientists. The Hobbit’s discovery confirmed the view that the Earth was once populated by many species of human, but new research the Hobbit’s were not human at all! So, who were these mysterious beings? Where did they come from? The idea that our species, Homo sapiens, was the only species of human on ...
Right into enemy hands? ISIS shows off new weapons allegedly airdropped by US (VIDEO)
2014 10 23
Islamic State has published a new video in which a jihadist shows off brand-new American hardware, which was purportedly intended for the Kurds they are fighting in the Syrian border town of Kobani. The undated video, posted by the unofficial IS mouthpiece “a3maq news”, sees a jihadist showing several boxes of munitions with English-language markings, with a parachute spread out on ...
More News »