wehateporn

The US want to grab the guns before the collapse and the Germans want their Gold back.

http://libertarianglobal.com/archives/991

"The dollar crisis, and America’s monetary collapse, has already begun.

Yesterday, Germany, Europe’s financial leader and owner of the world’s second-largest gold stockpile, demanded the United States’ Federal Reserve return over $200billion dollars’ worth of gold reserves to the German central bank. This rush for commodities, gold and precious metals in particular, are an indicator of a global loss of confidence in American fiat money, even despite its status as the world reserve currency. Public figures such as Ron Paul have correctly stated that people naturally move towards commodities such as gold and silver when confidence in a currency is lost; and Germany is no exception. But why is this happening?

The failure of the dollar can be linked to two major factors: debt, and inflation.

First and most importantly, government spending has skyrocketed since the 1960’s. Lyndon Johnson’s “Great Society” began a massive upswing in spending which continued throughout the decades, culminating in the pervasive welfare state we have currently. Entitlements such as Social Security, Medicare, and Medicaid are the largest items on the government’s budget, dwarfing even America’s unparalleled military spending. These insolvent programs are simply too massive to be feasibly paid for, even with the most regressive and confiscatory tax plan. But instead of reducing spending, the government decided to simply take on more debt.

US debt has reached unimaginable levels, eclipsing the nation’s entire GDP; and neither party seeks to reduce it. Democrats are particularly fond of merely raising the debt ceiling, in the name of “fiscal responsibility” – like trying to pay off credit card debt with another credit card. But there is another trick up their sleeve: monetization of debt.

Government will issue bonds, which are then bought by the Federal Reserve using newly printed money, and thus increasing the money supply. This increase in the money supply is inflation, and it waters down the value of a consumer’s dollar. Currently, inflation stands at 11% – a rate which reflects the dollar’s 98% loss in value since 1913. Besides rising prices for consumers, other signs of inflation are present, such as Congress’s scheme to model American currency on Zimbabwe’s by printing a so-called “trillion dollar coin.”

In response to this loss of value in American currency, individuals and governments have begun the scramble for commodities like gold, which are worth a great deal on the open market. Germany is the second nation to pull its reserves from American holding. It marks a lack of faith in America’s rapidly inflating currency, and the ability of the American government to pay its debts. The dollar is destined to be worth less than its paper, and only those with hard commodities will have real purchasing power.

Start saving your coins and jewelry, because the dollar, and the government which prints it, are destined for catastrophe."

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wehateporn

Why do the Germans want their gold back?
http://www.marketwatch.com/story/why...ack-2012-10-31

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StickyGreen

Russia Warns of Global Currency War:

http://business.financialpost.com/20...-currency-war/

AdultPornMasta

Let my relatives, the Krauts get their own gold back!

http://www.dailymail.co.uk/news/arti...hotos-WW2.html

"Historians using RAF surveillance photos shot by Mosquito fighter-bombers over Germany during WW2 believe they are poised to uncover a mammoth bunker containing the secret gold reserves of the Third Reich.

After using photos and eyewitness reports from the time to pinpoint the spot, a dig is due to start next month in the Leinawald forest near Leipzig in the hope it will uncover the lost underground complex.

Rumours of the colossal subterranean installation have fuelled a treasure hunt mania in the forest over recent years.
Earlier find: General Patton's third army discovered 100 tons of Nazi gold hidden in a salt mine near mockers, southwest of Gotha in 1945

Earlier find: General Patton's third army discovered 100 tons of Nazi gold hidden in a salt mine near mockers, southwest of Gotha in 1945

Nazi archives show that battalions of Organisation Todt - the Third Reich's main labour organisation - were shipped into the Leinawald in 1944 on the orders of Hitler's armaments minister Albert Speer.

At the weekend human remains were found in the forest; believed to be those of slave labourers forced to assist the Nazis in building the secret bunker.


More...

The Nazis' secret treasure trove: How Holocaust survivors can now track down works of art looted during World War Two

And Luftwaffe records from 1945 show that a bombing raid by warplanes was ordered on the site in April 1945 - one month from the end of the war - despite the fact that hardly any German planes were able to fly because of total Allied air supremacy.

One photo that excites local historian Hilmar Prosche shows sand workings in August 1944 that resemble the outline of a human skull.

He believes the skull points the way to the bunkerentrancde and the Reichsbank gold worth over 500 million pounds on today's markets.
A World War II RAF Mosquito: Pictures taken by an aircraft of this kind have been used to find the location of a bunker believed to contain a hoard of Nazi gold

A World War II RAF Mosquito: Pictures taken by an aircraft of this kind have been used to find the location of a bunker believed to contain a hoard of Nazi gold

He said: 'They obviously thought it was worth the risk to put aircraft into the sky to drop bombs to try to obliterate surface traces of what had been constructed here.'

In 1961 the German government dug in the forest looking for the missing gold which was trucked out of Berlin as the capital disintegrated in April and May 1945 under the onslaught of the Red Army.

It was abruptly halted when poison gases from old mine workings began seeping to the surface.

Nothing was found, but back then the West German administration did not have access to the RAF reconnaissance photographs which were still classified.

Another historian involved in the planned dig said: 'We have Nazi labour battalions digging in the forest assisted by slaves, British warplanes taking photos of the workings, our own side bombing it - and a report from Berlin of trucks leaving the Reichsbank and headed towards Leipzig under S.S. guard.

'The fact that the government back in 1961 thought it worth digging here makes us certain that the gold is here.'

In 1996 former U.S. soldier Norman Scott searched in the forest for the gold; he was in Nazi Germany at war's end and claimed a dying S.S. man had told him the Reichsbank gold was buried in the area. He too failed to find the bunker.
Booty: During World War II the Nazis looted the bank reserves of conquered countries and took the gold back to Germany

Booty: During World War II the Nazis looted the bank reserves of conquered countries and took the gold back to Germany

Should it exist, the booty would certainly be vast. During World War II German troops looted the bank reserves of conquered countries and took the gold back to Germany.

Victims of the holocaust were also stripped of any valuables they had, including gold jewellery. The gold from these sources was then melted down and cast into bars with the mark of the German central bank, the Reichsbank, imprinted on them.

Much of this loot was used to pay for the war effort, but a large portion was still intact and in Nazi hands as the end of the war neared.

By April of 1945 the Allies were closing in on the German capital and Nazi officials decided to move the remaining contents of the Reichsbank, ostensibly to Oberbayern in southern Bavaria.

It never reached there - but Prosche and his backers believe it lies deep beneath the earth of the Leinawald.

General Patton's third army discovered 100 tons of Nazi gold as well as stolen art and other treasures hidden in a salt mine near mockers, southwest of Gotha in 1945."

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"The world is full of obvious things which nobody by any chance ever observes."

Si

And at the end of the day, gold is the most worhtless metal on earth, you've been fooled again, sheep!

Supz

lol. the us dollar is far stronger them most European counties. Not Germany. But without Germany the Euro would be shit.

buzzard

End of what day?

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ZeroHero

yup that is 100% true , the strongest eu banks are in Germany(if we say that the executives on the Swiss banks are germans too) , also Germany made and the silverish circle euro monets for whole Europe

ZeroHero

if we are lookin' from the real side where the spirit world is always havier and bigger than the material world , then yes i agree , but nowdays is sadly different Si.

Si

Any fucking day, it is the most worthless metal on the planet. If you can't see that, you're just another sheep.

bronco67

Where does that article get $200 billion, when every article by more reputable rags says $36 billion?

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buzzard

I thought I saw some value in gold, I musta been wrong. Sheep? My neighbors retired from the benefits of farming sheep.

Uses Of Gold (The most useful metal on earth):
http://geology.com/minerals/gold/uses-of-gold.shtml

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StickyGreen

Si

Ad hominem, sheep, we see the light, gold is worth less than worthless.

buzzard

Gold is what it is. Independent of your subjective emotions.

We? This board is collectivist? 'We' don't like collectivists. 'We' Prefer individualism; keeps it interesting ;)
Move along... Don't make any more assertions! Shooo!

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Si

I seek the truth, I hide in the sunlight to serve the shadows of the pigs who hate the sheep.

I know the real truth of the world, we are being controlled by the media who are owned by the banks and banki moon's UN is the big conglemerate we should all be looking out for.

Gold is worthless, you're being fed this by the illuminatus, you shall perish when the rest of us in the know are buying the real prescious metals.

Gold has many uses? Not unless it is combined with the secret element.

The secret element has been controlled by us for many centuries, and we are still using it to this day.

Lithium, Gold, Platinum, Silver, Carbon, Aluminium, and the majority of metals are all useless without it.

Supz

you're right Justin

mechanicvirus

why does justin aka zerohero keep posting?

BIGTYMER

Keyword by 2020.

I guess the dollar isn't collapsing for a few years.

keysync

Superglue?

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eroticfem

Move your gold to Norway very strong and stable economy and we have what the americans needs the most "OIL"

pornguy

Most of their gold is in Argentina.

Love how " Entitlements such as Social Security, Medicare, and Medicaid " they stated this.

Dont get me wrong some people use these as entitlements but thats not what they were designed for.

Maybe if we got back to the basics and only gave this to the deserving and stopped building 220K bathrooms in the white house things would not be so bad.

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ZeroHero

yup pbbc is stuck in the matrix

_Richard_

Markul

*yawn* why are there so many nutcases here?

Wizzo

Its on the Internet, so it must be true!

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Looking for Opportunity!

_Richard_

nutcases? there is reports.. more and more.. of gold bars being sold filled with junk

the US refuses to allow DE to view her gold.. this has been in the news again and again

RebelR

I thought the Fed was empty? Hasn't been decades since anyone has seen it? (from the general public I mean)

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BlackCrayon

what is the logic behind gold being seen as something valuable anyways?

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you don't know you're wearing a leash if you sit by the peg all day..

JP-pornshooter

no way Germany is leaving the Euro, they built it and it fits them fine to be the leader of the euro pack. But a leader must have its own gold holdings, make perfect sense.
no need to panic.

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PR_Glen

ohh i see what you did there.. had me going.. hehe

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NETSEX

Very "Onground" way of thinking Si! That is the sad reallity , we have three eyes but lot of us are blind

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Promote yourself in this signature!

BIGTYMER

Tungsten filled gold bars do exist.

Vapid - BANNED FOR LIFE

Eight...

epitome

Congress has nothing to do with the "trillion dollar coin" and the "trillion dollar coin" likely isn't happening ... and even if it does, it would have to be paid back, just like the other upteen trillions in debt.

I have a hard time believing an article that cannot get even the simplest facts correct.