Submitted by Bill Holter
We “purport” to have just over 8.000 tons of Gold. For round numbers this is valued between $400 billion and $500 billion. The Fed has in place (probably clandestinely much more) a plan to purchase $85 billion per month of Treasury bonds that the Treasury must issue but nobody else wants to buy. $85 billion times 12 equals $1 trillion two hundred 60 billion. Numerically it is $1,260,000,000,000. The Gold “reserves” (probably close to mere fumes by now) represented the wealth accumulated by the greatest industrial nation on Earth. It took roughly 170 years to accumulate some 20,000 tons after WWII which was “officially” sold down to just over 8,000 tons by 1971.
A little bit of simple logic here: in what world could the issuer of the reserve currency borrow more than double the amount of Gold reserves they purport (we know they are lying) to have? In what world could this same “issuer” issue double the amount currency of Gold reserves they purport (we know they are lying) to enable their treasury to borrow this amount. In what world could this happen year after year after year? Maybe in a world where Gold has no value or is not money? In this world? Not a chance!