Gene's Footnotes

I have never been impressed by the messenger and always inspect the message, which I now understand is not the norm. People prefer to filter out discordant information. As such, I am frequently confronted with, "Where did you hear that...." Well, here you go. If you want an email version, send me an email.

January 29, 2013

Exit Sign

Germany's central bank – the Bundesbank – recently announced it would bring back within its borders 300 of 1,500 tonnes of gold it currently stores with the Federal Reserve (and all of the 374 tonnes of gold it stores in France). 



Why?

Germany no longer trusts the biggest debtor in history to hold its wealth. 

So, do you? 

History shows governments and banks use their power to merely take assets to pay off debts (to those who run the country, so forget rejecting the debt). Retirement funds, gold, and anything else available is on the checklist. As long as chaos does not erupt, the theft of your assets will stealthy.  For example, paid any government fees in the past few months?

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home