A run on the Federal Reserve (Texas wants its gold, Along with Germany, Azerbaijan, The Netherlands, Switzerland)
2013 03 26

By Nick Sorrentino | Against Crony Capitalism


We are seeing a slow motion run on the Federal Reserve. Around the world faith in the dollar is on the wain and sovereign governments are becoming more concerned with the whereabouts of their ultimate store of wealth, gold.

During the cold war many governments sought the perceived safety of of storing their gold in the United States, protected from the communist menace in the Old World. Germany and many other countries moved their gold stores to the New York Fed for safe keeping. If all else failed and the Red Army rolled across the Polish plains and into Western Europe, at least the core wealth of Europe would be safe in the free world.

But times have changed. All around the world financial leaders are looking over their cards at the other players at the table. Many are looking at the US who actually holds their chips. The Soviet menace is gone. Why should I have to ask the United States for my chips when I want to play?

Plus the USA isn’t the straight shooter many thought it once was. Uncle Sam might be getting a little too cozy with the chip piles. He actually thinks that he’s the house. Maybe the American casino isn’t the best bet any longer.

[...]

Read the full article at: againstcronycapitalism.org



Related Articles
Ron Paul - Audit Fort Knox
Why Bitcoins Are Just Like Gold: Both are valuable because we say so
James Turk: "Germany’s Gold Is Being Held Hostage By The Fed"
Treasury’s Audit of the Federal Reserve’s Gold Is Pure Propaganda
Dollar Collapse: Where is Germany’s Gold?


Latest News from our Front Page

Pre-historic tokens used in conjunction with cuneiform
2014 07 22
An archaeological dig in southeast Turkey has uncovered a large number of clay tokens that were used as records of trade until the advent of writing, or so it had been believed. But a new find of tokens, dates from a time when writing was commonplace – thousands of years after it was previously assumed this technology had become obsolete. Researchers ...
Are immigration opponents Nazis?
2014 07 22
It seems the usual suspects are calling anyone who opposes unlimited immigration to be a "Nazi". The Left seems to be in constant fear of "Nazis" that lurk in public policy discussions and I assume under their beds. If you oppose any Leftist position, you are a.... take a wild guess...wait for it.... a NAZI! Tim Wise recently went ...
What Did US Spy Satellites See in Ukraine?
2014 07 22
Exclusive: The U.S. media’s Ukraine bias has been obvious, siding with the Kiev regime and bashing ethnic Russian rebels and Russia’s President Putin. But now – with the scramble to blame Putin for the Malaysia Airlines shoot-down – the shoddy journalism has grown truly dangerous, says Robert Parry. In the heat of the U.S. media’s latest war hysteria – rushing to ...
Oh, Great: Robots Are Set to Conduct National Security Clearance Interviews
2014 07 22
Advancing a career in the US government might soon require an interview with a computer-generated head who wants to know about that time you took ketamine. Psychologists at the National Center for Credibility Assessment (NCCA) are developing an interview system that uses a responsive on-screen avatar for the first stage of the national security clearance process. Initial screening for a variety ...
Is Anything on the Internet Real Anymore?
2014 07 22
Is there anybody…out there? I promise I’m a real person asking this question and typing this article…but beyond that, I can’t promise much else about anything you or I see on the Internet. This article on ZDNet, “GCHQ’s dark arts: Leaked documents reveal online manipulation, Facebook, YouTube snooping,” confirms — beyond a shadow of any possible doubt — that a barrage of ...
More News »