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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Beam who wrote (5811)	4/7/2013 11:04:00 AM
From: Harmens	Read Replies (2) \| Respond to of 14245

Beam, It is really disturbing that our Congress have neglected to enforce its supervisory function over the Federal Reserve Board. The Congress (both parties) practically has given the FED complete freedom to print money. During the recent Congress hearings, the consequences of such money printing (de facto haircut of everybody’s salaries and savings) was not even been discussed. The last audit of Fort Knox took place, I believe, 40+ years ago. The Congress should request the immediate audit of US Gold reserves and start the hearings about the gold and silver price manipulation. The problem is that Dems live in the world of delusion, and the so called GOP (it doesn’t deserve “G” anymore) is a swamp where behind each bush one can find mccain or romney. Our ruling oligarchy is not “By the People” or “For the People”. I don’t expect any sensible action from DC until the actual crisis hit us. Regards Harmens

To: Beam who wrote (5811)	4/7/2013 6:40:46 PM
From: Robov	Respond to of 14245

Who knows if/how much gold the US actually has. Lots of rumors and speculation, but that's all it is. Just China's official reserves which are stated at 1054 tonnes when last reported in 2009 yet the amount of gold flowing from Hong Kong into china the last two years would dispel this number as this article for ZH shows. zerohedge.com I guess if we ever do get back to some form of gold backed currency we will find out. On the surface of it, given the gold price suppression and through CB leasing, releasing, hypothecation and rehypothecation of gold and the fact that it will take 7 years to get just a portion of Germany's gold holdings back to them, the recent announcement by ABN AMRO, the largest Dutch bank in the Eurozone, issuing a letter to their gold contract customers of failure of delivery, and instead will pay account holders in a paper currency equivalent to the current spot value of the metal. examiner.com The continued heavy demand for physical in spite of the fact that the paper price has continued to fall and on and on. All will likely come out in the fullness of time.