Why Germany won’t get it’s gold back from the FED

What does Germany requesting the return of its gold from the Federal Reserve have to do with you?

Glenn Beck argued on his radio and television programs Wednesday that if what he suspects is true, it could bring about an unprecedented financial crash on a global scale. His radio co-host Pat Gray described it as potentially “cataclysmic.”

“Subprime crisis, do you remember that?” Beck asked. “Imagine that crash on a global scale, and instead of houses it’s gold, which backs all of our money, and gold that is not really owned by anyone. Our money becomes worthless.”

Beck began with some background for those unfamiliar with the esoteric subject, explaining that the world essentially has a system in place similar to a massive safety deposit box.

If, for example, you put your wedding ring in a box at the bank — in this case the Federal Reserve — you expect to get that exact ring back, not a roughly equal amount of gold and diamonds.

Federal reserve

“When the countries give their gold … to the Federal Reserve – full faith and credit in the United States – they gave it to the Federal Reserve and each of them marked their gold,” Beck said on his radio program. “…And in this case, it says Bundesbank, Germany.”

Germany has had billions of dollars worth of gold in the Federal Reserve for decades, but announced last year that it would like at least a percentage of it returned by 2014, and more in subsequent years. The initial request generated massive international speculation, but the actual return so far has been less publicized.

Beck referenced a report from Zero Hedge indicating the initial gold returned to Germany by the United States “didn’t have the stamp on it.” The Federal Reserve reportedly said it had to melt down the gold for transport.

But one other explanation, Beck noted, could be that the Federal Reserve has already used or sold Germany’s gold, and is now scrambling to replace it.

“You melted it down years ago,” Beck said, returning to his analogy. “…And now when I ask for my wedding ring back, you send me somebody else’s wedding ring. You went out and bought a wedding ring. Yes it’s gold – gold is gold – but what is it you’re doing?

SEE ALSO:
- Federal Reserve: 100 years of US dollar manipulation
- Gold and silver price manipulation becoming more blatant
- Germany to repatriate gold from US and France
Are central banks overstating their gold holdings?
Economic collapse is inevitable, here’s why…
The Federal Reserve cartel: The Eight Families
– The history of the Federal Reserve system

Source: http://www.theblaze.com/stories/2014/01/08/cataclysmic-what-you-probably-didnt-know-about-germany-getting-its-gold-back-from-the-federal-reserve/

4 comments

  1. By law Fort Knox must be audited every year. But of course it has not been audited in 30-40 years. And the last audit was suspect. What happened to the gold Fed or Treas is supposed to be holding? Who knows. And trusting the banksters or government is just stupid.

  2. Maybe the gold’s in Israel. Good luck, Germany, getting it back. You should have known better than to trust the East Coast bankers.

  3. Maybe the Germany-gold example should be repeated by others as well? Not a direct connection, but how on earth can JP Morgan still exist? Or, how on earth can their CEO Jamie DEMON, get payed so fat I need a new wor for it, try with get paid ‘obesity’ fat checks? … Aahh, a-ha… easy to see now folks, where our tax-money, savings, pensions, etc. go to or more appropriate said here, where and why the German Gold ao. has been melted! Some of that went to the sky-high secret black budgets to survellance and control the rest of the world…

  4. Pretty stupid of the Germans to expect that the USA would act with honour and integrity.
    i hope they request economic sanctions on america if it isnt returned

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