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Message
Federal Reserve denies FOIA request for records reflecting how much gold it holds
Posted on 4/7/24 at 8:20 am
Posted on 4/7/24 at 8:20 am
quote:
Combine the Fed not telling us how much gold they hold and their overprinting problems since 2008, and you can see why investors are turning to gold and silver and crypto currencies. The adoption of Central Bank Digital Currency (CBDC) is a step towards financial collapse.
Depending on who gets elected in November 2024, the FED will either return to QE and re-flame inflation or allow a recession to occur.
Welcome to the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation.
The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. For instance, Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away but made Barack Obama appear to be a financial genius, especially with an adoring media.
Since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. Meanwhile, Yellen stuck with zero-interest policies until Trump was elected, then raised The Fed Funds Target Rate 8 times. Yellen only raised the target rate once under Obama, clearly playing political favoritism.
The Fed has been doing this since its inception!!
END THE FED NOW!!
10
Posted on 4/7/24 at 8:24 am to Timeoday
If it refuses to be audited, we should presume it is corrupt.
Posted on 4/7/24 at 8:56 am to TrueTiger
The Fed has unlimited power to fabricate US $ and is a conglomerate of private banks. Now what could go wrong with that?
Posted on 4/7/24 at 9:22 am to Timeoday
So......follow the money.....literally.
Posted on 4/7/24 at 9:23 am to Timeoday
Not sure how it makes sense for the Fed to have or keep track of how much gold we have.
Posted on 4/7/24 at 10:30 am to Timeoday
quote:A Freedom on Information Act request is not needed to find out how much gold the Federal Reserve owns.
Federal Reserve denies FOIA request for records reflecting how much gold it holds
The answer is ZERO. Since 1934 it has been illegal for the Fed to purchase or own gold.
All of the gold the Fed holds in its NY Fed branch vault is owned by governments or foreign central banks. Privately owned organizations or private individuals are not allowed to deposit their gold holdings with the Fed.
And every month the Fed issues a report which includes how much total gold it is holding for those entities. The report is publicly available online. LINK The Fed is not allowed to disclose how much gold each depositor has with it because that is prohibited under client confidentiality rules. It would be like your bank publicly reporting how much money you have in the bank.
As usual, your ignorance and paranoia is revealed simply because you don't understand anything about financial matters or about the Federal Reserve's operations. Nor are you willing to spend even a few minutes of time learning about those things.
This post was edited on 4/7/24 at 10:38 am
Posted on 4/7/24 at 10:31 am to TrueTiger
Posted on 4/7/24 at 11:20 am to Timeoday
They don't have to comply with Foia request
Posted on 4/7/24 at 11:24 am to Timeoday
The Fed worship is just sad at this point.
Posted on 4/7/24 at 11:53 am to Timeoday
Shouldn't that request be made to the Dept of Treasury?
I knew a guy who was stationed at Fort Knox. He said the gold there was pretty incredible to see.
I knew a guy who was stationed at Fort Knox. He said the gold there was pretty incredible to see.
This post was edited on 4/7/24 at 12:01 pm
Posted on 4/7/24 at 12:45 pm to highcotton2
quote:I wonder who it belongs to?
I knew a guy who was stationed at Fort Knox. He said the gold there was pretty incredible to see.
Posted on 4/7/24 at 12:47 pm to Timeoday
The federal reserve was signed into place by Woodrow Wilson’s wife while he was In a Coma
Posted on 4/7/24 at 12:49 pm to Bayoutigre
we all know by now the FR is a private company,has never been audited,we had our chance to walk away a few years back at the 100 yr. mark but politicians would never do that
Posted on 4/7/24 at 12:50 pm to LSURussian
quote:
As usual, your ignorance and paranoia is revealed simply because you don't understand anything about financial matters or about the Federal Reserve's operations. Nor are you willing to spend even a few minutes of time learning about those things.
They do not like it when we talk about getting rid of The Creature From Jeckyl Island.
End the FED Now!!
Posted on 4/7/24 at 1:18 pm to Timeoday
Where have you gone, Andrew Jackson?
A nation turns it's lonely eyes to you
A nation turns it's lonely eyes to you
Posted on 4/7/24 at 2:53 pm to LSURussian
quote:Ok
Privately owned organizations or private individuals are not allowed to deposit their gold holdings with the Fed.
quote:Except it is owned by...
that is prohibited under client confidentiality rules. It would be like your bank publicly reporting how much money you have in the bank.
quote:
owned by governments or foreign central banks.
Shouldn't the gold owned by 'our government' (the people of the US), be auditable?
Posted on 4/7/24 at 3:33 pm to MasterDigger
Why would it matter how much gold we have? It’s meaningless..
Posted on 4/7/24 at 3:37 pm to MasterDigger
quote:Sure, I'm all for it.
Shouldn't the gold owned by 'our government' (the people of the US), be auditable?
A quick google search shows the Treasury Department's gold (and silver) holdings were audited most recently as of September 30, 2022.
Audit of the United States Mint’s Schedules of Custodial
Deep Storage Gold and Silver Reserves as of
September 30, 2022
This post was edited on 4/7/24 at 4:05 pm
Posted on 4/7/24 at 3:44 pm to Timeoday
quote:Since your thread's topic was destroyed because you didn't know the Fed can't own gold so there's no Federal Reserve gold to audit or report on, you've switched tactics to just repeating your old standby mantra, "End the Fed!"
They do not like it when we talk about getting rid of The Creature From Jeckyl Island.
Repeating meaningless trite slogans is you at your best...
Posted on 4/7/24 at 3:57 pm to Bayoutigre
quote:Each Federal Reserve Bank is audited by two different entities, an outside independent CPA firm reporting to the Office of Inspector General and by the Government Accountability Office (GAO), for many decades.
we all know by now the FR is a private company,has never been audited,
Their audit topics, reviews and results are posted online. ( LINK)
But, sure, go ahead and keep claiming the Fed has never been audited.
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