A run on the Federal Reserve (Texas wants its gold, Along with Germany, Azerbaijan, The Netherlands, Switzerland)
2013-03-26 0:00

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

UK Police Tell Subjects Not to Harm Their Attackers, Get a Rape Alarm
2015-07-01 1:17
The latest dispatch from the United Kingdom’s ongoing campaign to eliminate all forms of armed self-defense seems too incredible to be true. Unfortunately, after tracking down the origin of a publicly distributed statement regarding self-defense products on the country’s “Ask the Police” website, we can confirm that British subjects continue to live at the mercy of their potential attackers.  Even ...
Activists Plan to Burn American Flags in New York City Ahead of Fourth of July
2015-07-01 1:52
Burning the flag in Charleston, South Carolina on June 22, 2015 A group calling for the immediate disarmament of the New York Police Department plans to burn American flags in a Brooklyn park on Wednesday, just days before the Fourth of July holiday. “Disarm NYPD” announced the “Burn the American Flags” event on Facebook, inviting individuals to join the organization at Fort ...
Ruiz: Diversity of New York City languages makes staying involved in kids’ education difficult for immigrant parents
2015-07-01 1:08
Immigrant parent seek better translation and interpretation services from the Department of Education at the New York Immigration Coalition. New Yorkers, who come from every corner of the world, speak 180 languages. Not surprisingly, nearly half of public school students speak a language other than English at home. This makes life difficult for the city's Department of Education, which, according to federal ...
Ethnic Studies to Become Mandatory in Sacramento Schools by 2016
2015-06-30 22:36
The fourth most diverse school district in the nation is finally adding an ethnic studies graduation requirement—in 2020. The Sacramento City Unified School District's Board of Trustees unanimously approved the proposal from its Student Advisory Council on June 4. The proposal will create an ethnic studies pilot program for fall 2016. In collaboration with community organizations, local university professors and college students, ...
It Begins: New Calls To Strip Churches of Tax Exempt Status After Same-Sex Marriage Ruling
2015-06-30 20:22
For years conservatives and proponents of religious liberty in America have warned that if same-sex marriage became legal, the left would then pursue revoking the tax exempt status for religious institutions, particularly Christian churches, around the country. Just days after the Supreme Court ruled in a 5-4 decision that gay marriage is a constitutional right, progressive activists like Mark Oppenheimer of ...
More News »