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Turkey was the last country to ask for

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NYBob Member Level  Wednesday, 03/06/19 09:28:06 AM
Re: NYBob post# 41
Post # of 48 
Turkey was the last country to ask for gold, and withdrew 220 tonnes of
gold from the US Federal Reserve on 19 April 2018.
The country's 220 tonnes of gold are valued at $25.3 billion.
Turkey has followed countries such as
the Netherlands,
Russia and
China which have already started to repatriate their gold stocks.

There is a real lack of confidence in the U.S. Treasury which
currently holds 261,000,000 ounces of gold mainly at Fort Knox,
according to GOLD TELEGRAPH.
Furthermore, the official gold reserves have never been thoroughly
independently verified.

Why Romania Wanting Its Gold Back May Mean More Than You Think
Mar 06, 2019
Guest(s): Jeffrey Christian Managing Partner, CPM Group


The repatriation of gold from central banks has less to do with gold
and more to do with the rise of nationalism, said Jeffrey Christian,
managing partner of CPM Group.
“The more important thing has nothing to do with gold and it has
everything to do with the rise of nationalism,” Christian told Kitco
News on the sidelines of the PDAC 2019.
“What you’re really seeing is a rising nationalist trend, not only in
Europe, but also in other countries.”

Italy’s gold reserves belong to central bank – BoI’s Visco
Posted on March 6, 2019 by News
Reuters/Stefano Bernabei/3-4-2019

“Bank of Italy’s Governor Ignazio Visco said on Monday the country’s
reserves of gold belonged to the central bank and could not be used to
fund government spending.”

Note: Here we are again witnessing an argument among principal players
over the sovereign nature of a barbarous relic
that has no relevance in
the modern monetary system [sigh. . . to NWO fiat$fed counter paper fits]

Modern Monetary Theory is smoke and mirrors nonsense
Posted on March 6, 2019 by Opinion
MarketWatch/Kenneth Rogoff/3-5-3019

“Just as the Federal Reserve seems to have beaten back blistering
tweets from President Donald Trump, the next battle for central-bank
independence is already unfolding.
And this one could potentially destabilize the entire global
financial system.
A number of leading U.S. progressives, who may well be in power after
the 2020 elections, advocate using the Fed’s balance sheet as a cash
cow to fund expansive new social programs, especially in view of
current low inflation and interest rates.”

The Fed is moving to take even more control of debt markets and interest rates
Posted on March 6, 2019 by Opinion
Mises Institute/Thorsten Polleit/3-4-2019

“In the second scenario, in the light of an actual or expected rise in
inflation, people lose their confidence in the value of the currency.
They try to rid themselves of their money balances, withdraw bank
deposits and divest their bond holdings. To prevent this from raising
market interest rates, the central bank has purchase more debt and
issue more money.
This causes confidence in the value of money to decline further.
The debt market sell-off continues, and more money is issued,
so that eventually price inflation accelerates.”


xxxx xxxx
God Bless America

My opinions are my own and and DD I post should be confirmed as unbiased
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