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#3127371 - 01/16/13 07:37 PM Germany wants their gold back...
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16405
Loc: Tampa FL

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This is not good boys, not good at all.

http://www.zerohedge.com/contributed/2013-01-16/what-do-german-central-bankers-know-we-dont

Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the USís credibility.



They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.



On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.



A few background details.



Germany has the second largest Gold reserves in the world behind the US.
Since the early Ď80s, Germany has stored the largest portion of its Gold reserves with the New York Fed (45% vs. 13% in London, 11% in Paris and the remaining 31% in Frankfurt).
In the fall of last year, German officials began raising the issue of auditing its reserves at the NY Fed.



Why would Germany suddenly decide that it wants to change a policy it has had in place for over 30 years?



More importantly, how did it go from wanting to audit its reserves to actually removing them from the NY Fedís care?



In simple terms, Germany has just announced that it doesnít trust the US Fed.


Edited by FLTENNHUNTER1 (01/16/13 07:38 PM)
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson

17.9 Trillion http://www.usdebtclock.org/

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#3127391 - 01/16/13 07:44 PM Re: Germany wants their gold back... [Re: FLTENNHUNTER1]
Stalkhunter
10 Point


Registered: 07/17/11
Posts: 4088
Loc: Knoxville TN

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Unrest is in the wind
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#3127554 - 01/16/13 09:19 PM Re: Germany wants their gold back... [Re: Stalkhunter]
KillMode
4 Point


Registered: 10/10/12
Posts: 213
Loc: Nashville, TN

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Wow..
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#3127569 - 01/16/13 09:26 PM Re: Germany wants their gold back... [Re: KillMode]
Pic IN the Casa
TurdFarmer2.0
14 Point


Registered: 03/18/11
Posts: 9711
Loc: TN

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The Kenyan will just borrow money from the Chinese.
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Tolerance now means OBEY!!!!


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#3127581 - 01/16/13 09:29 PM Re: Germany wants their gold back... [Re: Pic IN the Casa]
Mudbone
10 Point


Registered: 10/24/11
Posts: 3533
Loc: Old hickory Tn

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Uhoh!!!!

I am afraid it will get ugly in the next few years.
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Tnarcher

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#3127587 - 01/16/13 09:31 PM Re: Germany wants their gold back... [Re: Mudbone]
Pic IN the Casa
TurdFarmer2.0
14 Point


Registered: 03/18/11
Posts: 9711
Loc: TN

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You would be correct Mudbone. I am seriously debating cashing out of 401k's and taking the penalty. Gold and silver will be king. The dollar will be as useless as a spent casing.
_________________________
Tolerance now means OBEY!!!!


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#3127628 - 01/16/13 09:45 PM Re: Germany wants their gold back... [Re: Pic IN the Casa]
WestTn Huntin'man
16 Point


Registered: 11/19/06
Posts: 11996
Loc: Benton Co.

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 Originally Posted By: Pic IN the Casa
You would be correct Mudbone. I am seriously debating cashing out of 401k's and taking the penalty. Gold and silver will be king. The dollar will be as useless as a spent casing.


All things metal will have value at some point. I'd hold on to Brass weather you reload or not.
_________________________
Proverbs 3:27 Whenever you possibly can, do good to those who need it

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#3127656 - 01/16/13 10:00 PM Re: Germany wants their gold back... [Re: Pic IN the Casa]
OHVATN
4 Point


Registered: 10/09/12
Posts: 377
Loc: Middle TN

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 Originally Posted By: Pic IN the Casa
The Kenyan will just borrow money from the Chinese.


Don't think so. The Chinese have become net sellers of US Treasuries. The Federal Reserve is now the largest holder of Treasuries and buying upper than half of monthly issuance.

The Dutch also announced today they are going to repatriate their gold.
Russia warned today a currency war is breaking out. That's old news.

Bill Gross agrees with Zero Hedge that this is a signal that the central banks are losing trust in each other. Check out Jim Sinclair's site and his thoughts on this momentous development. This is huge. The end game has commenced.

Everyone, you must check Zero Hedge multiple times a day. They are breaking these stories months before the mainstream media (if they even cover this stuff). Very educational as well.

Great post FLTNHUNTER.
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3127661 - 01/16/13 10:03 PM Re: Germany wants their gold back... [Re: Pic IN the Casa]
OHVATN
4 Point


Registered: 10/09/12
Posts: 377
Loc: Middle TN

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 Originally Posted By: Pic IN the Casa
You would be correct Mudbone. I am seriously debating cashing out of 401k's and taking the penalty. Gold and silver will be king. The dollar will be as useless as a spent casing.


Agree. I'm so upset that I lost mine in that boating accident.
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3127691 - 01/16/13 10:39 PM Re: Germany wants their gold back... [Re: OHVATN]
Pic IN the Casa
TurdFarmer2.0
14 Point


Registered: 03/18/11
Posts: 9711
Loc: TN

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 Originally Posted By: sds1961
 Originally Posted By: Pic IN the Casa
The Kenyan will just borrow money from the Chinese.


Don't think so. The Chinese have become net sellers of US Treasuries. The Federal Reserve is now the largest holder of Treasuries and buying upper than half of monthly issuance.

The Dutch also announced today they are going to repatriate their gold.
Russia warned today a currency war is breaking out. That's old news.

Bill Gross agrees with Zero Hedge that this is a signal that the central banks are losing trust in each other. Check out Jim Sinclair's site and his thoughts on this momentous development. This is huge. The end game has commenced.

Everyone, you must check Zero Hedge multiple times a day. They are breaking these stories months before the mainstream media (if they even cover this stuff). Very educational as well.

Great post FLTNHUNTER.


That was a joke regarding how willy-nilly the Kenyan administration treats debt.
_________________________
Tolerance now means OBEY!!!!


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#3127944 - 01/17/13 08:10 AM Re: Germany wants their gold back... [Re: Mudbone]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 42380
Loc: Western Ky.

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 Originally Posted By: Mudbone
Uhoh!!!!

I am afraid it will get ugly in the next few years.


It's going to.

People refuse to see the signs right before their eyes.
_________________________
Obama, ďthe very danger the Constitution was designed to avoid." Liberal law professor Jonathan Turley.




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#3127962 - 01/17/13 08:20 AM Re: Germany wants their gold back... [Re: Wildcat]
Backstrapcrazy
6 Point


Registered: 09/27/09
Posts: 918
Loc: powell , Tennessee

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I'll bet it is not years , but in month's....Hope you are getting ready for it. I have inside information i wish i could share....have to leave it at that.
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#3127991 - 01/17/13 08:47 AM Re: Germany wants their gold back... [Re: Backstrapcrazy]
MUP
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Registered: 08/01/07
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Loc: Just North of Chatt-town

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Maybe we can get our legislators to re-introduce the bill to allow Obama to serve unlimited terms of POTUS, and he can continue to save us. Huh? Can I hear a "Heil"? \:\/
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MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3128165 - 01/17/13 11:03 AM Re: Germany wants their gold back... [Re: Backstrapcrazy]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16405
Loc: Tampa FL

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 Originally Posted By: Backstrapcrazy
I'll bet it is not years , but in month's....Hope you are getting ready for it. I have inside information i wish i could share....have to leave it at that.


I agree, I think month(s) at best. Other countries do not trust America or the USD. We have been monetizing our debt for months now, and the endgame is near.

Prepare accordingly.
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson

17.9 Trillion http://www.usdebtclock.org/

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#3128185 - 01/17/13 11:13 AM Re: Germany wants their gold back... [Re: FLTENNHUNTER1]
Crappie Luck Moderator
Non-Typical


Registered: 01/29/03
Posts: 61381
Loc: Smith Co.

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Fitch has threatened to downgrade US credit if spending is not cut.
Washington thinks that means we'll be downgraded if we don't borrow MORE

http://www.politico.com/story/2013/01/fitch-warns-on-us-rating-as-debt-ceiling-looms-86203.html
_________________________
"To find out who your real rulers are, simply look to those whom you CANNOT criticize..."
--Voltaire

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#3128600 - 01/17/13 04:42 PM Re: Germany wants their gold back... [Re: Crappie Luck]
OHVATN
4 Point


Registered: 10/09/12
Posts: 377
Loc: Middle TN

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http://www.jsmineset.com/
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3128602 - 01/17/13 04:45 PM Re: Germany wants their gold back... [Re: Pic IN the Casa]
OHVATN
4 Point


Registered: 10/09/12
Posts: 377
Loc: Middle TN

Offline
 Originally Posted By: Pic IN the Casa
 Originally Posted By: sds1961
 Originally Posted By: Pic IN the Casa
The Kenyan will just borrow money from the Chinese.


Don't think so. The Chinese have become net sellers of US Treasuries. The Federal Reserve is now the largest holder of Treasuries and buying upper than half of monthly issuance.

The Dutch also announced today they are going to repatriate their gold.
Russia warned today a currency war is breaking out. That's old news.

Bill Gross agrees with Zero Hedge that this is a signal that the central banks are losing trust in each other. Check out Jim Sinclair's site and his thoughts on this momentous development. This is huge. The end game has commenced.

Everyone, you must check Zero Hedge multiple times a day. They are breaking these stories months before the mainstream media (if they even cover this stuff). Very educational as well.

Great post FLTNHUNTER.


That was a joke regarding how willy-nilly the Kenyan administration treats debt.


I know. Not intended to be a jab at you.

The Kenyan also doesn't think we've got a spending problem or maybe that's just the teleprompter doing the talking again.
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3128684 - 01/17/13 06:10 PM Re: Germany wants their gold back... [Re: Crappie Luck]
preds1
12 Point


Registered: 10/16/09
Posts: 6465
Loc: Sumner County

Offline
 Originally Posted By: Crappie Luck
Fitch has threatened to downgrade US credit if spending is not cut.
Washington thinks that means we'll be downgraded if we don't borrow MORE

http://www.politico.com/story/2013/01/fitch-warns-on-us-rating-as-debt-ceiling-looms-86203.html


Yea, I heard about that.
Apparently social issues have been more important though.

Barry should just explain that he got confused when Barney Frank brought up physical responsibility.

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#3128859 - 01/17/13 08:00 PM Re: Germany wants their gold back... [Re: FLTENNHUNTER1]
RUGER Administrator
Bambi Killa
Non-Typical


Registered: 11/19/99
Posts: 4105866
Loc: TN

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 Originally Posted By: FLTENNHUNTER1


In simple terms, Germany has just announced that it doesnít trust the US Fed.


Welcome to the club.
_________________________
Youth is wasted on the young.

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#3129115 - 01/18/13 05:10 AM Re: Germany wants their gold back... [Re: RUGER]
tasaman
8 Point


Registered: 01/11/10
Posts: 1110
Loc: Woodlawn, TN

Offline
Can't blame Germany. Obamay might just say he spent all their gold on his health care crap. Who knows.
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#3129124 - 01/18/13 05:21 AM Re: Germany wants their gold back... [Re: tasaman]
bigluresonly
6 Point


Registered: 04/09/08
Posts: 785
Loc: Cookeville

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 Originally Posted By: tasaman
Can't blame Germany. Obamay might just say he spent all their gold on his health care crap. Who knows.


Might be accurate considering the Feds told Germany it would take 7 years to honor their request.

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