Another Excellent Documentary

124
Mon, Jun 10, 2013 - 8:44pm

This one comes from National Geographic. Thanks to ZeroHedge for finding and posting it!

Here's the link to the original ZH post: https://www.zerohedge.com/news/2013-06-10/gold-trust-and-federal-reserve-video-documentary And here's how they describe it:

"From the inside of the Federal Reserve's gold vault (where we are told one quarter of the world's bullion resides) to NYC's diamond district and the gold-dealers on the streets, this NatGeo documentary is a fascinating walk through the reality of trust, money, and gold. As the narrator notes, "the Fed's discretion is so trusted that few depositors have ever asked to see if their gold is still here," except of course Germany now that is, adding (from the exact opposite perspective to the man that runs the building) that, "for thousands of years people used gold as money... it's the perfect recyclable money...." The must-watch video then progresses to the reality of our financial world where he explains, the trillions in money that is transacted every day "used to be backed gold, but is now supported by the promise of our government... The fact that it all works based on trust alone is simply taken for granted," leaving the ominous question of "who is in charge" of that 'trust'? Cue Ben Bernanke - who answers the question of what the world would look like without a Fed... bank runs, stock market crashes, and financial chaos."

I'm posting this even though, so far, I've only been able to watch the first 5 or 6 minutes. It looks like a very interesting program, to say the least, and seeing all of the gold is certainly intoxicating.

Interesting to note is the great care and effort that is made to move and store about 80 bars or one metric ton of gold. This is especially interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.

So kick back, relax and enjoy this must watch video.

TF

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SilverSurfers
Jun 12, 2013 - 1:15pm

They

chit can the 9th, that is for sure.

9th Amendment: The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.

The Ninth Amendment has generally been regarded by the courts as negating any expansion of governmental power on account of the enumeration of rights in the Constitution, but the Amendment has not been regarded as further limiting governmental power. The U.S. Supreme Court explained this, in U.S. Public Workers v. Mitchell 330 U.S. 75 (1947): "If granted power is found, necessarily the objection of invasion of those rights, reserved by the Ninth and Tenth Amendments, must fail."

PLAIN SPEAK: The Government is Totalitarian, their power is plenary, they can do any thing they damn well please, the people and the bill of rights, and the US Constitution be damned. They are in control, PERIOD.

US VP proposes new Tax Credit

Posted by Derrick Michael Reid on Wednesday, December 22, 2010 11:29:31 PM

VP J Biden announced US tax payments are now acceptable tithing credits at the pearly gates, as continued propaganda to cement more unconstitutional totalitarian socialistic fascist enslaving taxes to enslave us all as tax mules or dependents. The VP in the biggest spin over 2000 years, says that paying taxes is moral, christian, and patriotic, as his spin is a perverted sense of founding father and christian principles. Biden said "Boston Tea Party Indians, Freedom Lovers, US Churches, and the Pearly Gates, be damned, we socialistic fascists are in control. Pay up or go to jail", in the spirit of Christmas, of course.

the_circle
Jun 12, 2013 - 2:36am

Cool video

I had no idea the fed had so much tungsten. Gold... I meant gold.

Funny this video emerges now, after the queen was wheeled out in front of London's tungsten a few months ago.

----------------------------------------------------------------------------------------------------------------

I called ASPCA today and said, "I've just found a suitcase in the woods containing a fox and four cubs."

"That's terrible," she replied. "Are they moving?"

"I'm not sure, to be honest," I said, "But that would explain the suitcase."

Excalibur
Jun 12, 2013 - 2:26am

debt/revenue ratio

Debt figures are usually calculated as a ratio of a country's national income and expressed as a proportion of GDP. But national income figures reflect activity across the whole economy, in both the public and private sectors. governments must pay debts from tax receipts and other government income, not the income for the economy as a whole. Some analysts argue a government's debt-to-revenue ratio provides a clearer picture of its ability to fund annual debt payments once interest rates are taken into account.

The US is in even worse shape than Greece. Its $16tn (£10tn) debt is the equivalent of 105% of GDP, but more than 560% of government revenues. Washington's debt payments are cheap after a plunge in the interest it pays on government bonds, but with revenues of only 14% of GDP compared with about 40% across much of the EU, its ability to pay is weakened.

https://www.guardian.co.uk/business/2013/jun/09/eurozone-crisis-debt-income-ratios/print

SilverSurfers
Jun 11, 2013 - 7:39pm

meow

elbows are red from rewritting, what a pain, no wonder English teachers are paid.

FOR THE KITTY, meow ....

Video unavailable
Video unavailable
Tom Jones - It's not unusual (This Is Tom Jones - 1969)
GrigeoGeorge Clooney
Jun 11, 2013 - 6:54pm

Joke, just for Xty

A seal walks into a bar and asks the bartender for a drink. The bartender asks the seal, "What's your pleasure?" The seal replies, "Anything but a Canadian Club"

Jun 11, 2013 - 6:32pm

Okay, they're not all good so I'm going to pick and choose:

TOP 50 JOKES OF ALL TIME

2. ''I went to the zoo the other day, there was only one dog in it, it was a shitzu.''

5. A classic Tommy Cooper gag ''I said to the Gym instructor "Can you teach me to do the splits?'' He said, ''How flexible are you?'' I said, ''I can't make Tuesdays'

6. Police arrested two kids yesterday, one was drinking battery acid, the other was eating fireworks. They charged one - and let the other one off.

8. Another one was: Doc, I can't stop singing the 'Green Green Grass of Home'. He said: 'That sounds like Tom Jones syndrome'. 'Is it common?'I asked. 'It's not unusual' he replied.

9. I'm on a whiskey diet. I've lost three days already.

10. A man walks into a bar with a roll of tarmac under his arm and says: ''Pint please, and one for the road.''

12. My mother-in-law fell down a wishing well, I was amazed, I never knew they worked.

13. I saw this bloke chatting up a cheetah; I thought, ''He's trying to pull a fast one''.

15. There's two fish in a tank, and one says ''How do you drive this thing?''

16. I went to buy some camouflage trousers the other day but I couldn't find any.

https://newslite.tv/2010/10/22/survey-reveals-top-50-funniest.html

4 Laughing Babies

Just going for the belly laughs.

question
Jun 11, 2013 - 5:05pm

@CrazyHandfulofHats

and anyone else who likes to Howl,

Allen Ginsberg Reading Howl (Part 1)
Allen Ginsberg Reading Howl (Part 2)
Allen Ginsberg Reading Howl (Part 3)
SilverSurfers
Jun 11, 2013 - 4:19pm

Howling

Desitnated WatchDog as one of the yelppers,
we all know Mr hunter can howl to the shinny Moon.

NEWS BROADCASTERS ===============================

KWN King World News, Mr. Eric King, Broadcaster and
editor for Audio broadcast and News Print.
kingworldnews.com/kingworldnews/King_World_News.html

GATA Gold Anti Trust Action Committee, Mr Chris Powell
corporate Secretary and Editor at GATA.org, for
Print, for posting News Print.

WATCHDOG USA Watch Dog dot com, Mr Gregg Hunter, for News
Print visual video Clips and posting interviews.

====================================

A Howl Howl Howl, as we all know Hunter does know how to sing,
my little butter cup.
https://www.youtube.com/watch?v=LkTumJyGGmU
https://www.youtube.com/watch?v=iCsE_sYEZUE
https://www.youtube.com/watch?v=Zh7eAG2jJkA
============================================
Wait until he gets a load of those werewolves,
https://www.youtube.com/watch?v=iDpYBT0XyvA

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

SilverSurfers
Jun 11, 2013 - 4:16pm

Meh

When they say unload by close of business, NY, they are not kidding.

In Case the US Gov is monitoring you.....

It gets old after awhile, then, you start pooping in the mess kits, LMAO

https://www.youtube.com/watch?v=NaI3zwZYuGw

THE EVERLY BROTHERS Bird Dog
billwilsonreefman
Jun 11, 2013 - 4:16pm

All day

All day in the miners any attempt at a rally was immediately snuffed out and savaged. Bloody obvious what they are doing. The 1:30 to 2:00 spike was a case in point. It should have been (in a normal market) a nice move ... but the reaction was swift and brutal on the miners, and it just allowed them to take the miners below the lows of the session ... basically a 2% down move in the miners as gold actually was up a tad in the same time period.

Not sure what their target is ... double bottom?? What I can see is that the 50 day ma for the XAU continues to fall and will fall for another 4 days or so. This will put it in the 103-105 range (currently 102.44), so unless they can push the miners another leg lower the 50 day ma will come into play before next weeks Fed meeting. - remember we have not been above the 50 day ma since last November.

Whatever ... the next 5 days or so will be quite interesting ... especially as the broader markets are looking more and more shaky. I still maintain that gold and the miners can not move decisively higher until the broader market breaks down ... but if we get a move in the miners above the 50 day ma ... the shorts are going to be in for a world of hurt.

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