Voltron's economics blog. Started in Iraq in 2007 as the "Gamblers Anonymous Support Group" email list.
Saturday, August 17, 2013
Don't trust the Fed with gold
I knew that the Fed had Germany's gold and was refusing to return it in a timely fasion, but at 2:14 in the video it is revealed that the Fed has been holding Asian countries gold since WWII and has refused to return that as well.
If the Chinese central government ever updates the world on their total gold holdings, it won't really matter how much gold the Fed is (or isn't) holding. The dollar is in trouble....
If the Chinese central government ever updates the world on their total gold holdings, it won't really matter how much gold the Fed is (or isn't) holding. The dollar is in trouble....
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