Did the World Bank just recognize that Fort Knox is empty?

[ThePythonicCow]

From data published by the World Bank at Total reserves (includes gold, current US$) (http://data.worldbank.org/indicator/FI.RES.TOTL.CD/countries/US?page=1&display=default), here are the US reserves, in Billion $US, as of the end of each of the last 22 years:

Year 1991, Value 159 B$US
Year 1992, Value 147 B$US
Year 1993, Value 164 B$US
Year 1994, Value 163 B$US
Year 1995, Value 175 B$US
Year 1996, Value 160 B$US
Year 1997, Value 134 B$US
Year 1998, Value 146 B$US
Year 1999, Value 136 B$US
Year 2000, Value 128 B$US
Year 2001, Value 130 B$US
Year 2002, Value 157 B$US
Year 2003, Value 184 B$US
Year 2004, Value 190 B$US
Year 2005, Value 188 B$US
Year 2006, Value 221 B$US
Year 2007, Value 277 B$US
Year 2008, Value 294 B$US
Year 2009, Value 404 B$US
Year 2010, Value 488 B$US
Year 2011, Value 537 B$US
Year 2012, Value 139 B$US

Notice the "slight" drop in US reserves between 2011 and 2012, from 537 down to 139, a loss of 398 Billion $US.

Notice also that the US government claims to have 241,000,000 ounces of gold in Fort Knox. At $1651 per ounce, the price of gold near the end of 2012, that 241,000,000 ounces had a dollar value of ... wait for it ... 398 Billion $US.

Speculation at InvestmentWatchBlog.com (http://investmentwatchblog.com/world-bank-all-gold-in-fort-knox-is-leased-is-no-longer-included-in-reserves/) is that this is the World Bank writing off (presuming to be leased, stolen or otherwise no longer an asset of the US) the gold in Fort Knox.

The movement of wealth from the US to China, which as of the end of 2012 was credited by the World Bank with 3,331 B$US in reserves (gold, dollars, treasuries, ...) is stunningly obvious and massive from these World Bank numbers. China's reserves are 24 times the US reserves.

Bye bye, Miss American Pie. (http://understandingamericanpie.com/)

===

P.S. -- See further my Post #6 (http://projectavalon.net/forum4/showthread.php?64062-Did-the-World-Bank-just-recognize-that-Fort-Knox-is-empty&p=739989&viewfull=1#post739989), below. The US only claims that there are 147 million ounces of gold at Fort Knox, not 241 million ounces.

[Azt]

spot on Paul.

[ThePythonicCow]

The movement of wealth from the US to China, which as of the end of 2012 was credited by the World Bank with 3,331 B$US in reserves (gold, dollars, treasuries, ...) is stunningly obvious and massive from these World Bank numbers. China's reserves are 24 times the US reserves.
I had my decimal point off by three places in the above post, and was using the wrong number for China's reserves as of 2012.

Those are corrected now, I hope.

[ghostrider]

They claim to have 398 billion in gold but , I suspect thats the amount they stole and moved out of the country ...

[Tesla_WTC_Solution]

I just got back from checking the ATM at the local bank, and my husband took out all of our mutual checking/savings and also took the car without telling me he was leaving.
It was kind of hilarious to read this thread, about the gold missing from Fort Knox.

:(

[ThePythonicCow]

Notice also that the US government claims to have 241,000,000 ounces of gold in Fort Knox. At $1651 per ounce, the price of gold near the end of 2012, that 241,000,000 ounces had a dollar value of ... wait for it ... 398 Billion $US.

Speculation at InvestmentWatchBlog.com (http://investmentwatchblog.com/world-bank-all-gold-in-fort-knox-is-leased-is-no-longer-included-in-reserves/) is that this is the World Bank writing off (presuming to be leased, stolen or otherwise no longer an asset of the US) the gold in Fort Knox.
I cannot validate the claim that "US government claims to have 241,000,000 ounces of gold in Fort Knox."

According to the US Mint (http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13) the United States Bullion Depository at Fort Knox, Kentucky has present gold holdings: 147.3 million ounces, not 241 million ounces.

So the basic stories of the World Bank dramatically lowering its estimates of US Reserves, and of the World Bank estimating China's reserves at 24 times US reserves, both still hold. But the surprisingly exact match between the decrease in US Reserves and the value of the gold claimed to be in Fort Knox doesn't seem to hold.

[Snookie]

I have heard (can't confirm if its true) that the people of China own the US, and have for quite some time. I wish I could remember the details better, but apparently that's the reason Nixon went there in the 70's, and also why Obama bows to the Chineese leader. However, he seems to enjoy bowing to everyone, so it could be bull.

http://www.bing.com/images/search?q=obama+bows+to+chineese&qpvt=obama+bows+to+chineese&FORM=IGRE

However, I do think China does own a significant part of the USA.

[Lifebringer]

Ain't no sense in going home.
Cheney got the gold and gone.

Had a marine executed/murdered because he told in 2005. Said he was in there rolling on the gold like Scrooge McDuck. I think it was on Rense.com in 04 or 05 just before they got caught trying to smuggle 3 nukes out through Louisiana.
Rense probably still has it. Why would Cheney want the gold and the bombs?

Enquiring Minds want to know and prosecute and probably the reason for the Syria CYA stuff going on. Lots of layers in the funky onion of the NeoCon WArmonger chests of ill gotten gains.

I've given you a nibble, now let's see how deep in the rabbit hole, you want to go Alice.

[sdv]

Something suspicious going on ... is the gold still there?


Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer.

The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else.

Germany did finally send some staff to the FED, and they were permitted only into the vault’s anteroom where they were shown 5 or 6 gold bars as representative of their holdings, and were permitted nothing else.

They apparently came a second time, and the FED did open only one of 9 rooms and let the Germans look at the stack of gold, but were not permitted to either enter or touch. And they returned home.

There has been speculation for a long time, that the FED doesn’t actually have much gold, that it has either sold it off, lent it out, or used it as collateral for borrowings. Either case, there are many claims that the gold that is being stored on behalf of many nations, doesn’t actually exist.

And nobody, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold. There is no evidence that the gold actually exists, other than the word of the FED.

Even more, the situation is the same with the supposed gold depository at Fort Knox. Nobody has seen the gold there for a very long time.

The last audit, and the last public visit, was in 1953, just after U.S. President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. So, there hasn’t been a comprehensive audit of Fort Knox in over 60 years.

In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was gold in Fort Knox but, all the same, it sparked even more controversies.

Only a small fraction of the gold reserves were made available for viewing, and one Congressman published a report saying that the gold bars held in the fort may have been less heavy than would have been expected.

During the past two years, several US politicians have claimed that there is a high chance that neither Fort Knox nor the FED have any gold, or perhaps only a very small amount, and have demanded a full and public inventory and testing, but the FED have resolutely refused.

I have no idea what to make of this. There was another incident last year when Goldman Sachs were proven to have been selling gold certificates to the public, ostensibly backed by real gold in their vaults, but the story leaked out that they in fact held no gold at all, and were doing “fractional reserve” gold banking, on the basis that few people would want to claim their gold at any one time.

Even worse, Goldman were charging customers storage fees for the gold that didn’t exist. Also, do you recall the information I circulated around the middle of last year, documenting the immense gold theft the FED pulled on much of the world during WW II?

The FED came to all countries in Asia, Latin America and Africa and told them their gold holdings might not be safe because of the war, and they should permit the FED to take all of it to the US for safekeeping. Many countries obliged, receiving FED gold certificates in exchange, but when they later tried to cash in those certificates and reclaim their gold, they were told the certificates were fake, that they contained spelling and other mistakes which the FED would never have made, and that the serial numbers were wrong. And the FED still has all that gold.

They even did that to Chiang Kai-Shek, taking all of Taiwan’s gold – that had been looted from China – and never returning it. The last I heard, Chiang’s wife was still trying to recover her gold from the FED.

Apparently a few people have been successful in presenting their certificates to the FED, with documentation that was irrefutable, but even in those cases the owners were forced to settle for only 1% or 2% of the actual value. And most other people or nations who attempt to redeem these certificates are arrested by the FBI for fraud – at the request of the FED.

Late last year, a Canadian businessman had some of these certificates and tried to use them as collateral for a loan, and the FED had him arrested, extradited to the US, and charged him with fraud. Insiders claim this is common practice to frighten every one away.

For many years after the war, the FED denied these transactions and even denied the existence of these certificates. But a crashed US military plane was found in the Philppine jungle with heavy wooden boxes full of metal containers, all with FED markings, and all containing hundreds of billions of dollars of these same certificates. That was when the entire story finally became public, but the Western media have never cared to report on it.

I have many photos of the content of that aircraft, of the boxes and the cans and the certificates, if anybody cares to see.

Some people claimed this was a CIA counterfeiting operation supported by the US government, as an attempt to just steal the gold from many poor nations.
http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/

[Tesla_WTC_Solution]

I wondered at one time if it was not possible to destroy precious metals via an application of modern physics, i.e. alchemy backwards!

Is there any chance that some of the gold simply no longer exists? Or is that a silly thought?

P.S. the huge impetus for the upcoming NASA stunts is getting gold and such from that asteroid that they plan to place in moon orbit..

[Azt]

Can be a global thing, this was on FT journal on Oct 4, 2013

Absurd situation but not surprising to those in the know
From Mr Rodney Atkinson.

Sir, Jens Weidmann has rightly criticised the absurd situation whereby eurozone banks have appreciably raised their exposure to high-risk sovereign bonds, not just for the carry trade income, but because there are no limits on banks’ exposure to a single sovereign, and sovereign debt attracts low or zero capital requirements (“Weidmann in sovereign debt warning”, October 1). Outsiders will find this extraordinary but those who know how “bodies politic” operate will not be surprised.

The European Central Bank and the eurozone politicians want the banks to take these risks to support the sovereigns that would otherwise be insolvent. This is not unknown in the UK where the government wants the people to borrow and spend to save the government’s tax take rather than save and invest for long-term security.

http://www.ft.com/intl/cms/s/0/56dfe1a2-1a2d-11e3-b3da-00144feab7de.html#axzz2gtyihUZO

[sigma6]

The banks control the governments, and understand the system better then the government, the bailout was a case in point, I wish I could find that video where the congressman (Sherman I think) holds his arm straight out, then drops a huge 1800 page binder. Then says no one in congress has even had a chance to read this bill (the bail out bill) but we have to vote on it...

Simple logic would dictate that the congress is not the party in control... if they are so ignorant they can't read a bill... it begs the question WHO WROTE that bill???

The Banks did... they have the power and expertise to create a huge legal document that literally went right over the heads of the entire US congress...
The Banks control the government... the congress are just a bunch of gluttonous whores feeding at the trough (ok only 98% of them) who jump when they are told.

And the whole circus is funded and paid by the people, the money that pays their stinking huge fat paychecks, the money they stole, the money they flushed down the toilet to put the whole country, the bail out money they raised, in fact all the money the "corporation" government "manages" it's all from the sweat and labour of the people... the equivalent of dump truck loads of money dumped into a furnace being burned every day... for over a century...

And it doesn't really burn up, it's just the banks redistributing the wealth from the poor to themselves...

this is what happens when you agree to exchange an "IOU" for a real tangible good for a 100 years.