Please read this link>>>>>

ssd

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http://www.zerohedge.com/news/robert-wenzels-david-speech-crushes-federal-reserves-goliath-dream



Excerpt of the speech:


Further, I am very confused by the response of Chairman Bernanke to questioning by Congressman Ron Paul. To a seemingly near off the cuff question by Congressman Paul on Federal Reserve money provided to the Watergate burglars, Chairman Bernanke contacted the Inspector General?s Office of the Federal Reserve and requested an investigation [12]. Yet, the congressman has regularly asked about the gold certificates held by the Federal Reserve [13] and whether the gold at Fort Knox backing up the certificates will be audited. Yet there have been no requests by the Chairman to the Treasury for an audit of the gold.This I find very odd. The Chairman calls for a major investigation of what can only be an historical point of interest but fails to seek out any confirmation on a point that would be of vital interest to many present day Americans.



In this very building, deep in the underground vaults, sits billions of dollars of gold, held by the Federal Reserve for foreign governments. The Federal Reserve gives regular tours of these vaults, even to school children. [14] Yet, America?s gold is off limits to seemingly everyone and has never been properly audited. Doesn?t that seem odd to you? If nothing else, does anyone at the Fed know the quality and fineness of the gold at Fort Knox?
 
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Duff Miver

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Ahhh, good old Ron Paul, holding the Fed's feet to the fire...or so he thinks.

What RP either doesn't know, or ignores, is the simple fact that the gold at Fort Knox is under the control of the Department of Treasury. The Fed has nothing whatsoever to do with storing or auditing the Fort Knox gold. That is under control of the Department of Treasury.

And, the Department of Treasury regularly audits the gold there. The Last audit was Sept 2011.

In September, Treasury completed its latest audit, showing that U.S. gold reserves total 9,300 tons with a market value of $320 billion, Thorson* said. The recent run-up in gold prices -- the precious metal is trading at about $1,515 an ounce -- puts the market value at $340 billion as of Wednesday, according to Thorson's testimony. He added that each gold bar weighs about 27 pounds and is worth around $500,000.


DUH, Ron.

There is much I like about RP, but on this issue, he is just plain looney.

As to Robert Wenzel, the author you refer to - well, he's just another talk radio fear monger.

Shit, if you want to read some REALLY scary stuff about economic collapse. read Harry Browne's screed from the 70's. According to him, the world financial system melted down by 1990, it took a truckload of US$100s to buy a loaf of bread.

You're a smart guy, ssd, so why pay attention to the authors of panic-mongering crap?


*Eric Thorsen is Inspector General, Department of Treasury.
 
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ssd

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Because he basically pulled the curtain away from the wizard of Oz and exposed the Fed for the fraud that they are.

In their house.

And then ate their food.

I applaud the bravado - for as little press that it will get, the man did a good thing.


Did you just read the excerpt or the entire speech?

Too many people have balls the size of mice when confronted with an opportunity.

As far as I am concerned, this guy seized the moment - or maybe I just agree with what he said and wish I could've been there to say it myself.
 
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