Golden Showers

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Aired on the Doomstead Diner on December 11, 2014

Discuss this Rant at the Podcast Table inside the Diner

Snippet:

 

my_precious…One of the more interesting and somewhat comical manifestations of the ongoing banking collapse, manifested mostly in the crashing currency value of the Yen and Euro but visible elsewhere in skyrocketing Stock prices is the attempt by various countries like Germany, Switzerland and Belgium to “Repatriate” Gold they have stored overseas in the Basement Safe of Da NY Fed and the BoE primarily. Well, it is supposed to be there anyhow…

Why do they want to repatriate said stacks of Gold? Obviously, because nobody TRUSTS anybody anymore, so everybody wants their own hands on their Precious, Gollum style.

Of course, very little of this stuff is actually moving around from one safe to another, various excuses are made for this, but of course the main reason is that there are multiple claims to every Gold Bar in existence, many times over here. It is “leased” out, which is the most preposterous idea you can imagine, HTF does Renting a Gold Bar improve your financial situation? Besides that, there is an enormous amount of “Paper Gold” traded every day, which has no corresponding Gold bar attached to it, it is just a bet on what the current and future price of Gold might be.

To demonstrate how ridiculous this whole deal is though, let us do a Thought Experiment and imagine what occurs even IF all this Gold actually still is in the Basement Safes of Da Fed and the BoE, AND all the countries requesting return of their Precious actually get it back!…

https://i1.wp.com/www.quickmeme.com/img/de/de7b0d100f2bbdfcb3686fb5c4e35ddb3a1657a43f8c190eff9d1ee0e721a2e9.jpghttps://i1.wp.com/www.quickmeme.com/img/d1/d131e378f41f1d548fd565cc09cca5c3e60b9d35b3dc82d1465f2494152cc4d3.jpg

For the rest, LISTEN TO THE RANT!!!

Note: For Non-Native speakers of English and folks who prefer to read rather than listen, you can find the Full Transcript of this Rant HERE

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