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Thursday, January 23, 2014

Fed’s Dirty Little Secret: “The Gold Isn’t There … Exists as Paper IOU’s”

Fed’s Dirty Little Secret: “The Gold Isn’t There … Exists as Paper IOU’s”
Posted: 23 Jan 2014 03:23 AM PST
The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong

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