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interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.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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  124 Comments

ChewYourOwnFaceOff
Jun 10, 2013 - 8:51pm

Hi

Hi

texanpilot
Jun 10, 2013 - 8:55pm

Second!

Hello

AgNovice
Jun 10, 2013 - 9:00pm

Number 2 or Turd?

The Second Amendment is widely seen as quite unusual, because it has a justification clause as well as an operative clause. Professor Volokh points out that this structure was actually quite commonplace in American constitutions of the Framing era: State Bills of Rights contained justification clauses for many of the rights they secured. Looking at these state provisions, he suggests, can shed light on how the similarly structured Second Amendment should be interpreted. In particular, the provisions show that constitutional rights will often -- and for good reason -- be written in ways that are to some extent overinclusive and to some extent underinclusive with respect to their stated justifications.

https://www2.law.ucla.edu/volokh/common.htm

s1lverbullet
Jun 10, 2013 - 9:02pm

3rd

Woot!

foggyroad
Jun 10, 2013 - 9:06pm

please share

This post on Reddit was in response to someone who said he didn't mind the privacy invasion:

16171921 7075 points 3 days ago*x13

I live in a country generally assumed to be a dictatorship. One of the Arab spring countries. I have lived through curfews and have seen the outcomes of the sort of surveillance now being revealed in the US. People here talking about curfews aren't realizing what that actually FEELS like. It isn't about having to go inside, and the practicality of that. It's about creating the feeling that everyone, everything is watching. A few points:

1) the purpose of this surveillance from the governments point of view is to control enemies of the state. Not terrorists. People who are coalescing around ideas that would destabilize the status quo. These could be religious ideas. These could be groups like anon who are too good with tech for the governments liking. It makes it very easy to know who these people are. It also makes it very simple to control these people.

Lets say you are a college student and you get in with some people who want to stop farming practices that hurt animals. So you make a plan and go to protest these practices. You get there, and wow, the protest is huge. You never expected this, you were just goofing off. Well now everyone who was there is suspect. Even though you technically had the right to protest, you're now considered a dangerous person.

With this tech in place, the government doesn't have to put you in jail. They can do something more sinister. They can just email you a sexy picture you took with a girlfriend. Or they can email you a note saying that they can prove your dad is cheating on his taxes. Or they can threaten to get your dad fired. All you have to do, the email says, is help them catch your friends in the group. You have to report back every week, or you dad might lose his job. So you do. You turn in your friends and even though they try to keep meetings off grid, you're reporting on them to protect your dad.

2) Let's say number one goes on. The country is a weird place now. Really weird. Pretty soon, a movement springs up like occupy, except its bigger this time. People are really serious, and they are saying they want a government without this power. I guess people are realizing that it is a serious deal. You see on the news that tear gas was fired. Your friend calls you, frantic. They're shooting people. Oh my god. you never signed up for this. You say, fuck it. My dad might lose his job but I won't be responsible for anyone dying. That's going too far. You refuse to report anymore. You just stop going to meetings. You stay at home, and try not to watch the news. Three days later, police come to your door and arrest you. They confiscate your computer and phones, and they beat you up a bit. No one can help you so they all just sit quietly. They know if they say anything they're next. This happened in the country I live in. It is not a joke.

3) Its hard to say how long you were in there. What you saw was horrible. Most of the time, you only heard screams. People begging to be killed. Noises you've never heard before. You, you were lucky. You got kicked every day when they threw your moldy food at you, but no one shocked you. No one used sexual violence on you, at least that you remember. There were some times they gave you pills, and you can't say for sure what happened then. To be honest, sometimes the pills were the best part of your day, because at least then you didn't feel anything. You have scars on you from the way you were treated. You learn in prison that torture is now common. But everyone who uploads videos or pictures of this torture is labeled a leaker. Its considered a threat to national security. Pretty soon, a cut you got on your leg is looking really bad. You think it's infected. There were no doctors in prison, and it was so overcrowded, who knows what got in the cut. You go to the doctor, but he refuses to see you. He knows if he does the government can see the records that he treated you. Even you calling his office prompts a visit from the local police.

You decide to go home and see your parents. Maybe they can help. This leg is getting really bad. You get to their house. They aren't home. You can't reach them no matter how hard you try. A neighbor pulls you aside, and he quickly tells you they were arrested three weeks ago and haven't been seen since. You vaguely remember mentioning to them on the phone you were going to that protest. Even your little brother isn't there.

4) Is this even really happening? You look at the news. Sports scores. Celebrity news. It's like nothing is wrong. What the hell is going on? A stranger smirks at you reading the paper. You lose it. You shout at him "fuck you dude what are you laughing at can't you see I've got a fucking wound on my leg?"

"Sorry," he says. "I just didn't know anyone read the news anymore." There haven't been any real journalists for months. They're all in jail.

Everyone walking around is scared. They can't talk to anyone else because they don't know who is reporting for the government. Hell, at one time YOU were reporting for the government. Maybe they just want their kid to get through school. Maybe they want to keep their job. Maybe they're sick and want to be able to visit the doctor. It's always a simple reason. Good people always do bad things for simple reasons.

You want to protest. You want your family back. You need help for your leg. This is way beyond anything you ever wanted. It started because you just wanted to see fair treatment in farms. Now you're basically considered a terrorist, and everyone around you might be reporting on you. You definitely can't use a phone or email. You can't get a job. You can't even trust people face to face anymore. On every corner, there are people with guns. They are as scared as you are. They just don't want to lose their jobs. They don't want to be labeled as traitors.

This all happened in the country where I live.

You want to know why revolutions happen? Because little by little by little things get worse and worse. But this thing that is happening now is big. This is the key ingredient. This allows them to know everything they need to know to accomplish the above. The fact that they are doing it is proof that they are the sort of people who might use it in the way I described. In the country I live in, they also claimed it was for the safety of the people. Same in Soviet Russia. Same in East Germany. In fact, that is always the excuse that is used to surveil everyone. But it has never ONCE proven to be the reality.

Maybe Obama won't do it. Maybe the next guy won't, or the one after him. Maybe this story isn't about you. Maybe it happens 10 or 20 years from now, when a big war is happening, or after another big attack. Maybe it's about your daughter or your son. We just don't know yet. But what we do know is that right now, in this moment we have a choice. Are we okay with this, or not? Do we want this power to exist, or not?

You know for me, the reason I'm upset is that I grew up in school saying the pledge of allegiance. I was taught that the United States meant "liberty and justice for all." You get older, you learn that in this country we define that phrase based on the constitution. That's what tells us what liberty is and what justice is. Well, the government just violated that ideal. So if they aren't standing for liberty and justice anymore, what are they standing for? Safety?

Ask yourself a question. In the story I told above, does anyone sound safe?

I didn't make anything up. These things happened to people I know. We used to think it couldn't happen in America. But guess what? It's starting to happen.

I actually get really upset when people say "I don't have anything to hide. Let them read everything." People saying that have no idea what they are bringing down on their own heads. They are naive, and we need to listen to people in other countries who are clearly telling us that this is a horrible horrible sign and it is time to stand up and say no.

BillyBoy
Jun 10, 2013 - 9:13pm

Well, if Gold is just a

Well, if Gold is just a tradition, then why all the security fuzz about ?

philipat
Jun 10, 2013 - 9:13pm

Top Ten

In another unusual score for the Asian Time Zone

Chi-Town Deadhead
Jun 10, 2013 - 9:14pm

Repost from last thread & 6th

DPH - Great charts and thanks for them. Nice and concise.

Hat - I can't believe I won a hat! I really didn't want to win a hat because my silver guess was low but I figured we would have gone lower and this was the rebound back. I hope I'm not correct and we are on the way down. As promised, I will try to wear the hat at the Derby next year. I have family down there who go every year but the Chicago family hasn't gone in a few years. Depending on the family, I might have to wear it to Oaks Day (the day before the Derby) as I know the relatives just spent a pretty penny on their first ever Derby Box this year. We'll see, but I will definitely have a picture outside and inside Churchill Downs with it on. Thanks Turd and I'll shoot you my address.

GSR - As the GSR is rising, I am getting my first Gold coin ready for exchange at around 68. From there, I will exchange every 2-3 points going up. If we hit 75, I will start to add multiple coins to the exchange. Should we start to come back I will cap the sales at 67 and wait for the GSR to go back down under 43 to start trading the silver for gold.

Lastly, the Bacon of the Month Club. When I sent the prize to our Turdite winner I decided I needed to try it out. Well, I received 2 pounds of thick cut Bacon last Thursday and cooked up a pound this Sunday. I received a pound of Hickory Smoked and hand rubbed bacon. I also received a standard thick cut pound. I had to try the Hickory Smoked which was very good but a little too salty for my taste. It had 8 slices to the pound so it was perfect for the 4 family members. Mrs. Deadhead didn't care for it too much nor did the littlest Deadhead but the oldest and I were happy to finish it off. I can't wait for this Sundays treat.

Thanks again Turd for a great site

Chi-Town out

PS - Anyone from Bean Town want to make a friendly wager on the Stanley Cup?

Urban Roman
Jun 10, 2013 - 9:23pm

Based on Trust ... yeah.

Yeah, it's all based on trust. That's why they have these big beefy police-type guys with machine guns all around. Trust. In Mossberg we trust. Or something like that. The Bureau of Engraving looked pretty trusting too.

The gold was pretty, though. I wonder how many of those bricks they have in the vault are tungsten?

And, for the bar whose serial number is shown, I wonder how many times it is "allocated"?

The "we buy gold" segment was interesting too. A surprisingly low-tech affair, I didn't see much evidence of any real assay going on in the guy's "foundry".

¤
Jun 10, 2013 - 9:33pm

texanpilot

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