Quote from: Schrankwand on May 05, 2013, 01:21:55 PM

Quote from: Spendulus on May 05, 2013, 01:17:36 PM

Quote from: Schrankwand on May 04, 2013, 08:34:21 PM

Quote from: Spendulus on May 04, 2013, 06:48:33 PM

Quote from: dmartig on May 04, 2013, 03:04:20 AM

Quote from: SuperHakka on May 02, 2013, 06:51:33 PM

just an innocent question, why fuck would sovereign state store its national treasure in another sovereign state's vaults, anybody?

the fed's vaults are not a "sovereign" state. the fed is a private corporation.
that lends money to the US

I actually disagree with the theory that Fannie May, Freddie Mac, the Fed, etc, etc, ad nauseum, are "separate from the US". They are so created to create the appearance of distance between entities, yes.

ANYWAY, interesting question.

Suppose Germany were to sell some of the gold in the FED vault - auction it on the market.

What price would they get?

LOL...

A good one. They would sell it as an option to produce the gold for a certain price: Paper gold.

Why, here's the way it would have to work in this twisted fucked up bankster world.

You buy the option for the FED held gold from Germany, then by a credit derivative swap as a bet that they don't pay off. Then you get the gold if they pay, and the gold if they don't pay.

Wait....something's wrong there.....

You forgot something. You need to sell a future on this one, being a bank and all, with the option to buy it if they happen to ship before day X.

That is, you get a piece of paper that allows you to buy a piece of paper on day x, if the gold backing the piece of papers has been audited yet. At 5% management fees, of course.

Hey, the lite's going on in my small brain. So then I get these pieces of paper of my own, like, I own them fair and square. Then I can sell paper on paper, and the paper that I sold, well people could do paper on top of that. I could get rich....

But wait....something's not quite adding up...