We look at some odd but true facts and some shenanigans about Gold. A nice lady mentioned that “Trump got our Gold back from the Vatican”, and we’re off and running.
In the Congressional inquiry into the auditing of the Fort Knox gold, we were informed by the officials responsible for that gold, that the gold in Fort Knox and other depositories in the USA (261 million ounces) is now part of the gold reserve of the International Monetary Fund (the IMF). That is regardless of the fact the USA is in 17 TRILLION DOLLARS RUNNING DEBT AND 200+ TRILLION DOLLARS ACTUAL DEBT. ALL THE GOLD IN FORT KNOX AND OTHER USA DEPOSITRIES BELONGS TO THE IMF RIGHT NOW.
Relax, our Gold has always been safe and sound in Fort Knox. However someone else kind of owns it. It’s leased. When Texas asked the Federal Reserve for it’s Gold back, the Feds said it would take seven years. Many thought that long was ridiculous. Many made the accusation that the Feds had to go get the gold and put it back. No, the fact is that the Gold that Texas wants back is leased and it will take seven year for the lease to run its course and then it will be LEGALLY possible to move the Gold to Texas.
Did Trump get our Gold back from the Vatican. No, but he might have called the lease back. Think of you leasing a car and the leasing company wants its car back. Same idea. Not an once of Gold moved but it might have been LEGALLY transferred back to the US.
The video above mentions that currency is a Fiat. It’s worth is derived by the power of the Government. When i shop and hand a cashier a bill I ask them, “Do you accept these in leu of cash?” The Constitution grants Congress to mint coinage, not print money. In the U.S. currency became popular and many local banks issued notes redeemable in gold or silver at their branch. This led to chaos, your bill was worthless unless you had that particular bank within a handy distance. Before the Civil War, the Federal Reserve was founded creating a currency that was honored across State lines. It is a private bank that prints currency for the U.S. government. Since it’s not backed by Gold of Silver, they are intrinsically worthless unless the two people involved in the exchange that the paper has value.