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interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.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

Weasel Tracker
Jun 10, 2013 - 9:44pm

Gold is pretty in bulk

I wish I could see all that gold in real life. Although, I think a better treat would be to walk in a vault full of 1,000 ounce silver bars. That would be a sight to behold!

The Watchman
Jun 10, 2013 - 9:52pm
57Goldtop
Jun 10, 2013 - 9:55pm

I did enjoy it

The video was enjoyable and I did laugh heartily at the line about nobody asking if their gold was still there. Perhaps the video was shot before Germany had their moment of doubt.

The last bit is so thick with propaganda that I thought I was playing Risk with my buddies. If I didn't know better, I'd weep at the pride Americans must have for having created such an amazing government institution. Having said that, there are some interesting moments where Benny boasts of the revenue he shoots the Treasury... without coming out and saying, "yeah, because ya know, we're actually privately owned." I mean, would he brag about transferring money to another branch of the federal government if he was part of the federal government?

At the end of the day, the uninformed viewer would come away from this viewing thinking the Fed was the backbone of the whole deal... which I suppose it is.

Save_America1st
Jun 10, 2013 - 10:00pm

More affirmation....

This article goes to what Turd said yesterday... Via Charleston Voice: https://chasvoice.blogspot.com US Bank Gold Positions Explode At Highest Rate On Record; Short Positions Collapse https://chasvoice.blogspot.com/2013/06/us-bank-gold-positions-explode-at... Great call once again Big T :)

So It Goes
Jun 10, 2013 - 10:01pm

Got Bored

Got bored at minute 20 and shut it off - no offense. The beginning was fine though.

Check it out! KWN is on fire - check out the last two broadcast interviews with Fleckenstein and Malmgren:

https://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html

Then read the two most recent written pre-broadcasts by Turk and Kaye:

https://kingworldnews.com/kingworldnews/King_World_News.html

My head is spinning - END OF THE KEYNESIAN EXPERIMENT - Any questions class?

So it goes.

ag1969
Jun 10, 2013 - 10:02pm

Good Video

I wonder if Bob Krause (?) is a stacker?

The other thing I find interesting is if you go to a typical LCS, usually the only security is the gun in the shop owners pocket, and this is where the real money is. Yet the fed, where all the fake money is has their own police force and shooting ranges and all the other hoopla to guard a bunch of ponzi coupons. Is this kind of the fort knox theory, where they are guarding the illusion that gold is there?

Ben Bernanke is a lying douchebag. Nuff said.

Why hasn't the 9/11 footage from the NY Fed's cameras ever been released?

I am guessing that cylindrical vault, that they claim screws down to become air and water tight, really just spins over to the JPM vault. We'll call it the two card monte portal.

I was stunned that NatGeo pointed out that the dollar is all based on confidence. We wouldn't want the uppity peasants to realize it is a "con" game.

I had lots of other stuff to say as well but I did not take notes and if I watch again I will probably vomit.

And finally, this is for GL. LMFAO!

Jun 10, 2013 - 10:09pm

Plus ca change, mais peut etre c'est un long time to price fix

The treasury has a lot of silver on hand. It can and will be used to keep the price of silver in line ...

1965. Can they still have a lot of silver on hand? They must have already been in trouble 47 years ago ... the Leafs were on the road to a Stanley Cup ... dinosaurs roamed the prairies ... and there was no more silver.

The Watchman
Jun 10, 2013 - 10:14pm

ECB to defend bond-buying plan in German courtroom duel

l

BERLIN | Mon Jun 10, 2013 6:06pm EDT

BERLIN (Reuters) - The European Central Bank will defend its bond-buying programme in a German court this week against charges it is really an illegal scheme to fund euro zone members through the back door.

ECB President Mario Draghi has called the scheme "probably the most successful monetary policy measure undertaken in recent time", and it is widely credited with restoring calm to the euro zone by easing fears of a breakup of the currency bloc.

Yet two German ECB policymakers, Bundesbank chief Jens Weidmann and ECB Board member Joerg Asmussen, will take opposing sides in arguing over its legality at the Constitutional Court hearing on Tuesday and Wednesday.

It's hard to argue with Draghi; the euro zone crisis has subsided significantly since he announced the "Outright Monetary Transactions" scheme (OMT) last year, even though the ECB hasn't yet bought a single bond of any distressed euro zone government under the programme.

Still, more than 35,000 Germans have brought a complaint against the OMT, reflecting fatigue in Europe's largest economy at having to fund the lion's share of euro zone rescues.

For Weidmann, who as German central bank president sits on the ECB's Governing Council, the programme is tantamount to printing money to finance struggling euro states. The ECB itself maintains the OMT fits within its mandate of securing price stability.

Hammer
Jun 10, 2013 - 10:22pm

What happens when the

What happens when the Governments run out of juice and can't push anymore ? You mean we will have to walk ourselves ? Shurely shome mishtake ?

https://atvconnection.com/

Bugzy
Jun 10, 2013 - 10:24pm

Turd

The video is actually 45 mins NOT 30. There is a 45 min version at goldsilver.com news area.

Goes into bitcoin etc. Seems like a we love and need the fed promotional video: Quite barfy IMO

This one:

https://goldsilver.com/video/inside-americas-money-vault-national-geogra...

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