{"id":117,"date":"2014-09-06T10:35:14","date_gmt":"2014-09-06T08:35:14","guid":{"rendered":"http:\/\/finalwakeupcall.info\/en\/?p=117"},"modified":"2014-09-06T10:35:14","modified_gmt":"2014-09-06T08:35:14","slug":"federal-reserve-vaults-are-empty","status":"publish","type":"post","link":"https:\/\/finalwakeupcall.info\/en\/2014\/09\/06\/federal-reserve-vaults-are-empty\/","title":{"rendered":"Federal Reserve vaults are empty."},"content":{"rendered":"

America is about to lose its most valuable asset, TRUST, as the out-of-control debt is going to destroy the nation. Most people take trust for granted as they have trust in their government, which was the reason why America became such a dominant force over the past century. That trust has allowed the US government to get away with a spending spree of historic proportions – much longer than anyone reasonably would have expected.<\/p>\n

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Widespread trust in the US dollar across the world, meant the US could buy almost everything at relatively low prices, as the US currency is accepted everywhere around the world. The US can pay for all of her imports in printed worthless dollars. Exchanging paper dollars produced at no cost for valuable goods isn\u2019t a long lasting idea.<\/p>\n

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America was able to import more than it exported, to consume more than was produced, and spend more than was earned. But once trust in America is broken, it will\u00a0\u201clead to a huge decline in the standard of living of U.S. citizens like nothing we\u2019ve seen in nearly a century.\u201d Says Jim Rogers. And that is going to happen once the public at large finds out what really has happened with the nation\u2019s gold reserves.<\/strong><\/p>\n

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In accordance to publicly available FT-900 documents, \u201cin 2012, the U.S. exported about $24 billion worth of gold and imported $11.2 billion. On a net basis, that means $12.8 billion worth of gold was exported during 2012. Based on the average price of gold during 2012, the US exported about 217 tons of gold on a net basis. In 2013 America exported over $26 billion worth of gold and imported almost $11 billion. Meaning, on a net basis, $15.4 billion worth of gold was exported, more than 300 tons of gold.\u201d<\/p>\n

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How could America export so much gold? An investigation in how far back in time this gold-export trend extended. Found astounding results \u201cit was since 1991, the U.S. has been\u00a0consistently exporting large quantities of gold on a net basis.\u00a0 – And the amount of gold the U.S. exported\u00a0was well above and beyond what the US should be capable of exporting.\u201d<\/p>\n

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\u201cUsing data from the Gold Fields Mineral Services, the US Census Bureau, the US Mint and Bloomberg, the U.S. total demand and supply of gold during those 20 years was reconstructed. During that time, the U.S. had a total amount of 7,532 tons of gold available for consumption\u2026 but the U.S. consumed 7,605 tons.\u201d So, more was consumed than was \"vault\"<\/a>available. That implies the US should have been a net importer of gold.<\/p>\n

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But oddly enough, in fact, \u201cThe US exported a massive 5,504 tons. How could they have possibly exported more than 5,500 tons of gold after they had already consumed all the gold that was available, plus a little more?\u201d The math makes no sense. Where is all that exported gold coming from? It had to come from somewhere. That\u2019s how this alarming conclusion comes from: \u201cThere\u2019s an unexplained supply gap of 5,577 tons of gold.\u00a0And\u00a0there\u2019s only one institution in the U.S. capable of secretly supplying such large amount of gold: the Federal Reserve.\u201d<\/strong><\/p>\n

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Bill Gross, founder of Pimco, the world\u2019s largest bond fund, calls this scandal \u201cthe Fort Knox Fairy Tale\u201d, referring to the Army base where the gold is supposedly being held. Here\u2019s what he recently said: \u201c$54 trillion of credit in the U.S. financial system based upon trusting a central bank\u00a0with nothing in the vault to back it up. Amazing!\u201d<\/p>\n

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In the 1950s, the U.S. had 20,500 tons of gold. \u201cAt that time, this represented HALF of all gold ever mined. It was the largest accumulation of wealth the world had ever seen.\u201d This enormous concentration of wealth was the symbol of the all-powerful and wealthy America other nations envied. But in the last four decades the US government squandered all that wealth.<\/p>\n

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\u201cIn the late 1950s, the U.S. government started selling most of the gold to various European nations. From 1957 to 1972, the holdings went from 20,500 tons to 8,500, a decline of almost 60%. – Since the late 1970s, America\u2019s officially reported gold reserves have remained at a constant 8,133 tons. So, according to the Fed, the U.S. Treasury has not bought or sold\u00a0a single ounce of gold<\/em>\u00a0for more than three decades.\u201d<\/p>\n

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How is that possible? \u201cThe government\u2019s own documents \u2013 the FT-900 reports \u2013 show the U.S. has been exporting massive amounts of gold over the last 20 years. Yet the Fed has been telling us for more than 30 years that America\u2019s gold reserves have never changed.\u201d Again, the math simply doesn\u2019t add up. \u201cFort Knox is still viewed by many as a golden beacon of global finance\u2026 a symbol of the American empire\u2019s super power status and strength.\u201d<\/p>\n

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But this all is a big smokescreen. The last remaining symbol of American financial might is about to be exposed as nothing more than a monetary illusion. \u201cThe FT-900 document suggests the vaults are empty. But the Fed keeps reporting, it holds 8,133 tons.\u201d The Fed knows that if it disclosed that most of the gold is gone, it would lead to a major crisis of confidence in the dollar and U.S. government bonds.<\/p>\n

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Think about – if America\u2019s gold reserves are a lie, then what else has been distorted, and where, if anywhere, what is the truth?<\/a> The \u201cfull faith and credit of the U.S. government\u201d would become worthless overnight. And that would lead to a collapse of the economy and way of life. Plainly it means \u201cfaith in America\u2019s finances and confidence in its government are lost.\u201d<\/p>\n

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The Treasury Department just has published a new report admitting that this kind of loss of confidence would have disastrous consequences for America. \u201c(It) has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spill-overs could reverberate around the world, and there might be financial crisis and recession that could echo the events of 2008 or worse.\u201d<\/p>\n

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That explains why the Fed doesn\u2019t want anyone to know the U.S. gold is gone. But they won\u2019t be able to hide this from the public for much longer. \u201cBecause the truth is\u2026 the FT-900 document isn\u2019t the only evidence uncovered that suggests the Fed has been lying about America\u2019s gold reserves.\u201d<\/p>\n

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As the FT-900 document shows, the U.S. has been exporting massive amounts of gold for the past two decades. This is not a new phenomenon. In fact, the export numbers were already raising suspicion back in 1992. That\u2019s when former Fed chairman Alan Greenspan raised the possibility that all the gold the U.S. was exporting came from the Fed itself. According to the minutes of a closed-door meeting in 1992, Chairman Greenspan said: \u201cDid I hear you correctly when you said that the gold exports in October appear to have come from the coffers of the Federal Reserve Bank of New York? Has anyone looked lately? Mr Truman responded: Well, I didn\u2019t want to tell too many secrets in this temple!\u201d<\/p>\n

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In other words, the answer to Mr Greenspan\u2019s question is NO – nobody has looked. The Fed\u2019s vaults were not audited for the last 60 years. And that\u2019s exactly the reason the Fed constantly refused their auditing. The <\/strong>only way to prove once and for all the Fed isn\u2019t lying about America\u2019s gold reserves is through a full independent audit. However, the last audit of gold stored in Fort Knox took place in 1953, just after U.S. President Dwight Eisenhower took office. So, there hasn\u2019t been a comprehensive audit of Fort Knox in over more than 60 years.<\/p>\n

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Publicly traded companies must undergo annual audits, why should the Federal government be exempt? What are they hiding? It would be extremely easy for the government to audit the gold. According to a Treasury document, it would cost only about $15 million to conduct an audit. And yet the government has had the disrespect to deny all requests for an audit because of the costs involved, which of course is ridiculous.<\/p>\n

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Anyone still wondering that the German Gold is gone? The Fed has been able to fool the people so far, but Germany as an ally doesn\u2019t trust the Fed any longer, and requested their gold back. And what about all other central banks that stored their gold in vaults controlled by the Fed?<\/p>\n

\"empty<\/a>\u201cMuch of the gold in the (Fed) vault arrived during and after World War II as many countries wanted to store their gold reserves in a safe location.\u201d The German Central bank, in fact, keeps 1,536 tons of its gold in storage at the Federal Reserve\u2019s vaults in Manhattan, 80 feet below sea level.The Fed prohibited the Germans from inspecting their own gold!\u201d<\/p>\n

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The repatriation of a country\u2019s gold reserves is supposed to be a smooth and quick affair. It isn\u2019t supposed to take seven years. But once started to putting all the pieces of the puzzle together, it\u2019s easy to understand why. – The gold isn\u2019t there. It\u2019s gone. Precious metals expert John Embry says, \u201cif the gold were actually there, they could put it on a couple of cargo planes and get it back to Germany in a week.\u201d<\/p>\n

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But if America\u2019s gold isn\u2019t where it should be \u2013 inside the vaults controlled by the Federal Reserve \u2013 then where is it? There\u2019s some data that shows a tremendous amount of gold has moved into other countries in the East, especially China. Data released by the Hong Kong Census and Statistics Department show that over the last couple of years alone, China has imported 2,614 tons of gold. – The gold is gone. The Fed needs time to try to buy some of it back. – The problem is the Fed has run out of time.<\/p>\n

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Throughout history gold has always gone to where wealth was being created. – From Athens to Rome to the Byzantine Empire. The huge gold holdings after the World War II in the USA were a clear reflection of the unique economic power of the USA.<\/p>\n

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Look at what happened to Britain when it started selling off its gold. – The country was on the gold standard for nearly 200 years, from 1717 until 1914. That was a prosperous period for the British Empire.<\/p>\n

How much gold is left in the West?\u00a0And what happens when the fiat currencies crash and gold is simply unavailable in the West?\u00a0 Simply put, people won\u2019t be able to purchase any gold, because there\u2019s nothing of it available.<\/p>\n