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Federal Reserve defaults when Germany attempts gold withdrawal

6 pointsby loourrover 11 years ago

3 comments

dredmorbiusover 11 years ago
Take any story from RT on the stability of the dollar with an abundance of salt.<p>Yes, the German gold story&#x27;s fascinating (I&#x27;ve been following it off and on for a year or two now), but ... sort of vague. And RT, as an official arm of the Russian government, has a decided interest in financial instability in the US. Its coverage on other issues (see Sophie Schevardnadze&#x27;s interview of Karen Hudes which I commented on a week or so back) is ... distinctly spotty.
dammover 11 years ago
Looks like a history lesson might be useful. <a href="https://en.wikipedia.org/wiki/Nixon_Shock" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Nixon_Shock</a><p>We stopped operating on gold in 1971 and I doubt we could go back.
tverr_bjelkeover 11 years ago
Whew! How can this happen - maybe we are facing a new episode of &quot;free trade amongst allies&quot;, trust and auditing ... where are you?