Replies to post #5360 on The Big Picture (putting it all together)

[FoodStamps4stocks]

The Devaluation of the US Dollar – By Jim Willie
23 April 2010, 9:47 am
by Jim Willie, CB / A close look at the official USGovt gold ledger reveals the mysterious ‘Deep Storage Gold’ which might imply gold bullion held in vault facilities half a mile underground. The ugly truth is that the deep storage gold claimed by the USGovt is unmined gold in the form of raw mineral ore, housed in mountainsides, yet to be processed. So the USGovt backs the USDollar with unmined gold ore at 1 to 10 grams per metric tonne contained under the Rocky Mountain range and the Sierra Nevada range. What a sham! What a shame! Notice the trend of foreign nations demanding the return of their gold bullion from US and London, held in custodial accounts. See Switzerland, see Dubai, see Hong Kong. They suspect, based upon direct independent audits (not revealed) that their gold bullion had been illegally leased, sold, and replaced with paper certificates. Thus the gold physical shortages lately. Thus the hidden war with Union Bank of Switzerland.


http://www.americanpendulum.com/2010/04/the-devaluation-of-the-us-dollar-by-jim-willie/#more-6995