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Originally posted by crontab
The statistics on m1 components are at www.federalreserve.gov... Am I missing something? I don't see a huge spike?
The statistics on m1 components are at www.federalreserve.gov... Am I missing something? I don't see a huge spike?
The narrowest definition of the money stock in common use by the advanced industrial countries today ("M1") includes only
the paper currency and coinage in circulation among the public plus the total balances instantly available to depositors in
privately held checking accounts ("demand deposits" or "sight deposits") in the country's commercial banks and similar
depository institutions (like savings and loans, credit unions, etc.). (A very large proportion of checking account money, of
course, is simply created by the banks themselves as they extend loans to borrowers by simply crediting their borrowers'
checking account balances with the amounts loaned). Travelers' checks are also included in M1 in some countries, including
the US.
Originally posted by Swampfox46_1999
reply to post by OrionStars
Wrong again. In the case of the Federal Reserve, the stock is held by the member banks...PERIOD. No private individual can hold Federal Reserve stock. I dont care what the illuminati/nwo/bilderburg groupies claim.
Large amounts of gold are stored in vaults in the massive basement below the WTC, and some of this is being transported through the basement this morning. Several weeks later, recovery workers will discover hundreds of ingots in a service tunnel below WTC 5, along with a ten-wheel lorry and some cars (which were, presumably, transporting the gold) (see (Mid-October-mid November 2001)). The lorry and cars had been crushed by falling steel, but no bodies will be reported found with them, so presumably they were abandoned before the first WTC collapse, at 9:59 a.m. [New York Daily News, 10/31/2001; London Times, 11/1/2001]
Workers at Ground Zero discover large amounts of gold and other precious metals stored below the ruins of the WTC. As debris is removed they are able to access parts of the 16-acre WTC basement, which drops 70 feet below ground level. Precious metals are stored in numerous vaults within this area. The London Times says the quantity of these “has been a carefully guarded secret,” but estimates $750 million of gold and silver in vaults belonging to the Comex metals trading division of the New York Mercantile Exchange. There appears to have been an attempt, since 9/11, to break into a Comex vault containing $200 million of precious metals belonging to the Bank of Nova Scotia. A government official involved in the recovery work says, “It looked like they used a blowtorch, a crowbar,” but a bank spokeswoman denies there has been any attempted break-in. The banks later states that “All of the silver, gold, platinum, and palladium stored in its vaults at 4 World Trade Center” has been relocated to a depository in Brooklyn. Other gold is discovered in a service tunnel below WTC 5. According to the London Times, this was being transported through the tunnel on the morning of 9/11 (see (Before 9:59 a.m.) September 11, 2001). [New York Daily News, 10/31/2001; London Times, 11/1/2001; New York Times, 11/1/2001; Reuters, 11/17/2001]
Originally posted by Swampfox46_1999
reply to post by OrionStars
I have taken several courses on banking/finance in addition to the other classes I took on the way to my business degree, graduated cum laude...how about you?
Originally posted by OrionStars
US currency is backed by nothing physical. It is all based on faith in paper. We have not been on the gold or silver standard for many years.
Originally posted by Leo Strauss
Anyway the gist of my speculation is that in order to keep the rightful owners of said gold quiet. They were paid off in paper. I know it is stretch but my suspicion is that there could have been a crime beyond the destruction of the towers.
This is just one scenario of many posssibilites for 5 billion in $100 dollar bills.
The price of gold on the commodities markets spiked sharply upon news of the deadly attacks being blamed on religious extremists before settling back at new, but higher levels than in recent weeks. Analysts indicated that with the New York Stock Exchange shut down, investors were looking to gold not only as "the only game in town" but as a source of security in times of financial and political crisis.
Beneath the wreckage of the World Trade Center lie 12 tons of gold in an underground warehouse, reports Reuters.
The gold, in the form of about 3,800 100-ounce bars, was housed in an underground warehouse near the World Trade Center and held for delivery against futures contracts traded at the Comex metals trading division of the New York Mercantile Exchange, according to Reuters.
According to the news account, the gold is stored in the vaults of ScotiaMocatta, the metals and bullion trading division of the Bank of Nova Scotia.
The bars reportedly are worth about $106 million. Reuters reported that 379,036 troy ounces were stored in the vaults.
Reuters quoted an official for ScotiaMocatta that the amount of gold is "trivial" compared to the overall market. Much of the movements of the physical metal occur at the Federal Reserve and Bank of England, according to Reuters.
Contributing to this report were Coin World staff members Summer Douglass, Paul Gilkes, Michele Orzano and William T. Gibbs and freelance contributor Al Doyle.
Originally posted by t0minit8181
This could be explained... Powerful and rich people may have had inside knowledge of a pending terrorist attack that the normal citizen wouldn't. It make sense for governments not to scream out that impending doom is coming.
IMO this is not evidence of anything other than unusual money transfers. If you look back in the past you will see this has happened many a time during terrorists threats just not as much.