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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (4765)	8/19/2002 10:28:26 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

delicate point about US gold treasure I believe a considerable amount of Fort Knox gold has been leased thru complex commitments the gold itself may not have been evacuated for delivery but probably instead the gold has been committed, and JPM/Citi/GSux has covered that gold from their own vaults which brings up another sticky issue many ultra-wealthy in NYCity who own gold bullion will be shocked to learn that it no longer resides in the vaults where they think it does instead, it was delivered via lending to cover USGovt Stabilization Fund borrowings this is horribly complex JPM/Citi/GSux all lease gold they own gold vaults FedReserve owns gold vaults, and controls FortKnox they all engage in gold sales, most of which from leasing I believe FortKnox contains gold that has already been sold, but not evacuated via delivery, but committed and covered elsewhere the games being played on the gold stage are horrendous, complicated, and mostly illegal / jim