Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"

Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep "it" (by "it" we don't mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China's gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the "safe hands" of former Goldmanite Bill Dudley.

Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"

Really, there is little to add to this story... The title says it all...
but because of our diligent post watchers.... a summary of the parts..
You have 'End the Fed' rallies in more than 100 German Cities and Towns... which was sparked by a truthful MSM media announcer getting fired because he was telling the truth about the rallies...
Germany only got 5 tons back out of the 84 tons it was supposed to get...
Merkel and her cronies had to have some face saving way of extracting themselves from this disaster and others like the new NSA/ BND links...

For those who prefer MSM .... Bloomberg posts..
German Gold Stays in New York in Rebuff to Euro Doubters
www.bloomberg.com...

Sorry you can't have your gold back. We used it all on microchips

a reply to: R_Clark

Oh that is bloody classic.

Yes Germany, well done. Leave your invisible gold, in the hands of an organisation which does not value gold properly, to the point where it no longer uses the gold standard. That cannot fail to work out well in the long run...

SARC!

The lunatics have been running the asylum on both sides of the pond for some time, but they are on the roof flinging scat at passers by now, and I think it is high time someone gave them their damned medicine!

The big question really is then where is all the gold. It cant all be with Russia or China, maybe the TPTB have found a way of prolonging their miserable lives by eating it

So, here's Germany asking for their gold back:

" Germany has decided its gold is safe in American hands. "

Yes.

Safe in the "hands" of auditors and the fake books.

This is a clear indication of how weak the debt based economies really are.

We've seen enough real money "depressions" and "recessions".

Now wait for the big "Debt" depression.

POW !! - Wham !!

a reply to: R_Clark
The computer ate it.
sorry couldn't help it
They were lucky to get 5 tons back.

This is quite concurrence, less than a month ago they said that US will storage Germans nuclear waste.. and now this pack ( just like i expected )

like this

You have been Rick Rolled

They got something in return. What was it? WWII was a collection action over debts, all wars are and these matters just don't go away. Something was given and my guess is it was a piece out your ass, and while it doesn't hurt now it will soon enough.

there has got to be some sort of trade-off...

the German Central Banks shared in the more than $10 Trillion given to the European Central Banks by the
US Federal Reserve ...
in those EU-USA money Swaps that were Illegal as hell according to the EU rules/constitution/by-laws which outlaws the printing -of-money-out-of-thin-air like the Fed does...all the member banks of the EU central bank pooled their 'available' Euros to Swap for USDs~ a fictitious ruse/scam to once again become 'solvent' ~on paper only~


there's a report in the MSM today that the USA Federal Reserve balance sheet is in the Red by more than $10 Trillion to EU banks...some $15 Trillion to USA banks...and holds a paltry $4.5 Trillion in bogus paper ~ which is being pushed as their only structured. publically admitted Debt on the Balance Sheet...

a bit of 'sunshine' would cause the house-of-cards to collapse in a week !

originally posted by: crankyoldman
They got something in return. What was it? WWII was a collection action over debts, all wars are and these matters just don't go away. Something was given and my guess is it was a piece out your ass, and while it doesn't hurt now it will soon enough.

It was the Marshall Plan ($13 billion in economic reconstruction for the European countries after World War II). The Americans collect all the gold, and those countries get some a few free billions.

The interesting question is whether the gold they gave up is worth more that the money they received in reconstruction.

a reply to: R_Clark

A previous article from your same source talked about the transfer and one of the problems in transporting. Apparently there is a "gold standard" in terms of the shape of the gold bars. The gold in France meets the new standard where the gold in the US does not.

The bars would have to be melted down and recast into the new standard before it can be shipped. Also the transfer timetable was 8 years.

a reply to: Xcathdra

what a rubbish excuse.
give the weight in gold to Germany and let them melt it down to what ever standard they want.

originally posted by: Agit8dChop
a reply to: Xcathdra

what a rubbish excuse.
give the weight in gold to Germany and let them melt it down to what ever standard they want.

Too easy.

It looks like it's more a case of "All your golds now belong to us" anyway.

What could Germany do, go around and punch the USA's face in and take it's gold home with them?

They were never going to get it back, that gold is long gone. To be honest, if i were Germany i'd be melting those 5 tonnes down to see how much lead has been inserted into the middle of the bars...that 5 tonnes might turn into a single tonne of gold and 4 of lead.

The only way Germany is getting any more gold back is to win it in the next Olympics.

Sounds to me the gold storage in the US needs to be inspected / audited at both locations -

New York and Ft. Knox Kentucky.


Congress needs to reclaim their monetary responsibility from the FED.

I wonder if a We The People petition might work.

a reply to: R_Clark

Well....this is disturbing on several levels.

originally posted by: R_Clark

Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep "it" (by "it" we don't mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China's gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the "safe hands" of former Goldmanite Bill Dudley.

Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"

Really, there is little to add to this story... The title says it all...
but because of our diligent post watchers.... a summary of the parts..
You have 'End the Fed' rallies in more than 100 German Cities and Towns... which was sparked by a truthful MSM media announcer getting fired because he was telling the truth about the rallies...
Germany only got 5 tons back out of the 84 tons it was supposed to get...
Merkel and her cronies had to have some face saving way of extracting themselves from this disaster and others like the new NSA/ BND links...

For those who prefer MSM .... Bloomberg posts..
German Gold Stays in New York in Rebuff to Euro Doubters
www.bloomberg.com...

Apparently the article was not representative of certain groups in Germany. Just some central bank shenanigans.
Link to the other story

a reply to: InverseLookingGlass

Had to giggle at the articles tendency to write "BuBa" for Bundesbank.. Nobody, really nobody calls it like that!

Here are my 2 cent:
some "BuBa"-manager tried to play a game and Raised the FED the Proof of Existence of said gold. The FED themselves Raised, too. BuBa folded.

No news about this here, yet. Will have to wait about half a day, as it takes as long as that for news to appear in larger German news-pages.

Probably has something to do with this.....www.abovetopsecret.com...

And this....www.abovetopsecret.com...

And maybe this too...www.abovetopsecret.com...