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interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.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

Zoltan
Jun 10, 2013 - 10:28pm

Good Vid

Kind of makes you wonder about the "movement" of "gold" with the GLD.

I have held a 400 oz bar and it is impressive.

Z

JackPutter
Jun 10, 2013 - 10:42pm

Welcome!!




I wanted to say a big hearty welcome to all those Verizon subscribers that have been learning of their government surveiler's this past week. Welcome!! To anyone who does not subscribe with Verizon it really doesn't matter. I believe that the ONLY people who are not under surveillance are the ones at the NSA that have the controls firmly in their hands.

You may not know it but you have joined an ever growing club known as the tin-foil-hats. You might want a little guidance on how to make your tin-foil-hats, and better yet, how not to commit a faux-pas in the wearing of them.

The tin-foil-hat is not actually made of tin-foil. It's made of aluminium-foil, which makes shopping for the basic materials much easier. The choices of fashion styles of tin-foil-hat are many. It does help to have a design that is foldable so that it fits into luggage, as you won't be allowed to wear it through the metal detection devices when going into the airport terminal.

When it comes to wearing your hat, the usual place to do so is in the privacy of your own home. The word privacy is very thinly used here, as you are becoming aware of. Paranoia is often attributed to the hatter, yet it is an irony that those who are paid to be paranoid i.e. NSA, FBI, CIA, president,congress are whom the hatter is afraid of.

It is known that aluminium-foil (Just foil from here on out.) can block certain types of radiation, while the blocking of radiation is very limited, and shouldn't be relied on for anything that's truly dangerous. The blocking of someone else reading your thoughts has not yet been verified. There is no truth that the foil hat needs any lettuce or cheese to activate it's shielding capacity, but there are some who make this choice for themselves. (this is called liberty.)

There are many claims that tin-foil-hatters are loony, crazy, or mentally challenged but this appears to not be a prerequisite to join the club. A healthy suspicion that a government agency might be listening in is not required, but certainly doesn't hurt.

Many traits from religious belief to investment preferances have been applied to hatters but are not exclusive. Playfulness does seem to play a part. If you feel the need to gather with other hatters this may prove to be a bit difficult. Often perceiving themselves as "flying solo" hatters can be found in concentrations that are truly astounding. Try looking at comic conventions, micro-brew pubs, book-readings, anywhere the SeaFair pirates are, Seahawks games, and of course the internet for contact.



Tin-foil-hatters do not have any outward secret handshakes, or salutations, as those were taken by the Masons and trekkies. Mr. Spock's salutation is veiw by many hatters as too commercial for use, but an abreviated finger-wave is often acceptable.

So to all the noob hatters here's a grand fingerwave to you, and welcome.

BagOfGold
Jun 10, 2013 - 10:46pm

Deja Vous...

The New Normal II...

Bag Of Gold
DayStar
Jun 10, 2013 - 10:59pm

Harvey's Up!

Philippa Malmgren (former member PPT): The magnitude of the debt held by the U.S. - and indeed, by all of the industrialized economies - is so great, it cannot be paid down. The major industrialized governments don't have the funds to deliver on promises they've made, so they are going to reach for the public's cash in different ways. Some of it is through higher taxes, and some is through what I would call 'expropriation'. • Bill Kaye: Gold price manipulation may be heavier this week because Chinese markets are closed until Thursday. The reading of price charts in gold, technical analysis, is valuable at best only in the short term and "only because other people look at them." Kaye expects a currency collapse. • Tyler Durden: The Rupee plunged to 58, the lowest ever against the dollar. The reason for this latest volume casualty - the "stabilizing" hand of the central banks of course. • Zero Hedge: Europe better hope and pray that the recent unwind in the Japan carry trade, which has been the primary driver for the unprecedented surge in peripheral bonds does not accelerate, and force not only the marginal holders of peripheral bonds, but everyone else to start dumping. In that case not even the threat of unlimited purchases will be enough. • DS: Greece, the basket case, reemerges as a bigger basket. Tyler Durden: Things in Greece are hopeless and getting worse. With unemployment levels off the charts, the pension and retirement systems effectively gone and every able-bodied individual (what little remains of them) moving to the shadow economy which now accounts for 24% of GDP, there are few incentives for people to remain on payrolls, pay taxes and otherwise grow the economy. • Keith Barron: "There is still a significant premium in Shanghai and Vietnam right now, so the drain out of GLD will continue. • James McShirley: The last 7 Fridays in a row have seen gold crashes, for an average of per Friday; and gold's entire decline from ,900 has in fact been largely courtesy of one single trading day - Friday. • Tyler Durden: A record number of American households are now on food stamps (23,116.441), each collecting an average of 4.30 per month. All this and more on...

The Harvey Report!

https://www.tfmetalsreport.com/comment/599689#comment-599689

DayStar

ScottJ
Jun 10, 2013 - 11:04pm

fiat /ˈfēät/Noun

fiat /ˈfēät/Noun

A formal authorization or proposition; a decree.

An arbitrary order.

Synonyms: order - ordinance - decree - command - edict

Zoltan
Jun 10, 2013 - 11:06pm

Good Vid (dup)

Dup.

Looked for a pic of Z with the bar from the Winnipeg Royal Canadian Mint but couldn't find it. The bar "disappeared" a few years ago cause it was no longer "financially viable". I used to fondle it regularly when I went to the city. Always wondered if it was real or Tungsten.

Z

Edit: couldn't find the pic, it was the bar at the mint that "disappeared" cause it needed an armed security guard (and the mint was a little "short" of the real thing when they tried to turn tungsten bars into Maples)

Just A Regular Guy
Jun 10, 2013 - 11:15pm

From the other thread

For those that missed the live stream the video is up

https://www.modernmoneynetwork.org/mmt-vs-austrian-school.html

Great talk, both guys are great....

DirkDirkler
Jun 10, 2013 - 11:21pm

End the Fed.

End the Fed.

Hammer
Jun 10, 2013 - 11:41pm

It's all about the bonds and

It's all about the bonds and interest rates peeps. The US got upped from negative to stable. Hooray. We are all saved..................huh ? BOJ starts meeting, longer-term loans eyed to curb bond volatility Kyodo -- Jun 10 The Bank of Japan started a two-day policy meeting Monday, with discussions likely to focus on ways to ease volatility in the government bond market including providing longer-term loans to financial institutions. The nine-member Policy Board is expected to consider extending the term of its low-interest-rate fund provision operation from up to one year to two years or longer to increase liquidity in the market to contain an unwanted spike in interest rates that could impede an economic recovery.

As for its aggressive monetary easing policy introduced in April, the central bank is likely to keep intact measures centering on doubling the monetary base and boosting the purchase of government bonds.

Jun 11, 2013 - 12:23am

@foggyroad

That was a brilliant find, thanks for putting it up here. The original (?) from reddit is being propagated throughout the web, with many independent reposts and citations. The only thing better than re-posting it is to re-post AND link to it/them -- here area few places it can be found:

https://www.reddit.com/r/changemyview/comments/1fv4r6/i_believe_the_government_should_be_allowed_to/caeb3pl

https://pastebin.com/JKgyx6Zq

https://altwire.utne.com/rt/occupy_new/next-story/454e724a324757574a6b775369496f484375427657773d3d

https://gabydunn.com/post/52593019504/complaining-is-my-favorite-pastime-i-live-in-a-country

https://alwaysfaithfulterriblelizard.tumblr.com/post/52591907765/i-live-in-a-country-generally-assumed-to-be-a

https://www.realitista.com/day/2013/06/08/

https://plus.google.com/+EricaJoy/posts/b1bthHLfjQs

https://www.jwz.org/blog/2013/06/everything-is-terrible-2/

If you do a search for the first few lines of the actual text, you will find dozens more. The reason it's important to include a link (aside from the attribution/citation of the author) is to ensure that the reference is picked up by search engines, increasing the likelihood that others can find it. If you agree with the contents, I would urge you to spend a few seconds raising its visibility by doing so. I have opted out of using any of the social networks for their intended purposes for a while now, for (now) obvious reasons, but the above offers a way to do so. Registering a pseudonymous account on Google+ or Facebook via an anonymous proxy is still an option:

I would urge any and all users who don't find the extra slight lag in browser response to be insurmountable to try TOR:

https://www.torproject.org/projects/torbrowser.html.en

"Tor protects you by bouncing your communications around a distributed network of relays run by volunteers all around the world: it prevents somebody watching your Internet connection from learning what sites you visit, and it prevents the sites you visit from learning your physical location. Tor works with many of your existing applications, including web browsers, instant messaging clients, remote login, and other applications based on the TCP protocol."

While no protection against full-blown tradecraft, it may save you from getting on some watchlists (though it WILL land you on the list of people using TOR....). Check out 'relay bridges' for how to work around workplaces/ISPs blocking access to TOR network. If you know enough about it to understand, I would urge you to contribute by offering relay and/or exit node bandwidth -- but ONLY do this if you understand what those mean.

But in getting back to foggyroad's quote -- it is, of course, absolutely true. I have personal experience with this, my parents both had extensive dossiers compiled about them by plain, grey men (and women, I suppose) in plain, grey rooms, deep in the bowels of plain, grey buildings. My grandfather worked as a menial laborer for decades, because he was put on the 'wrong list' -- or rather, his parents were. He had a PhD, yet dug ditches and did yardwork. Governments DO NOT make lists without having specific intent to use them -- and any list made WILL be used for some purpose or another, not necessarily originally intended or planned. Certainly not shared with the population beforehand, let alone being voted on.

The Solzhenitsyn quote about 'burning later, in the camps' at not having done anything at the time, about not having loved freedom enough, is not idle chatter. For all of their faults, and whatever/whomever their 'sponsors' may have been, if any, the Founding Fathers had a pretty good grasp of how freedoms can be subverted, and what must be done to prevent it.

The US has been under a W-declared 'state of emergency' for quite some time now. It's not just for 3rd-world dictatorships and Latin American banana republics anymore -- hasn't been for a long time. In larger part, it is the consequences / logical outcome of this that makes up a large part of the eventuality we are all preparing for accordingly.

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