Some very serious questions are arising regarding whether or not Fort Knox still has all the gold that is supposed to be stored in its vaults. Below is presented some information on the subject by various sources. Updates will be posted as information becomes available.
June 6, 2012
James Rickards, author of Currency Wars, believes the U.S. has all the gold it says it does (8,133 tonnes) and explains that the reason why an audit is being denied and downplayed is simply part of their strategy to keep gold’s true importance from being divulged. Furthermore, with all the rehypothecation of gold through swaps and leasing arrangements, they want to “avoid all of the awkward legal title questions that would arise once the physical existence issue was settled.” Read the article at US News.
Wizard of Oz
There’s an interesting side-note regarding the 1900 children’s story, “The Wizard of Oz.” There’s an extremely strong case that the story is actually about gold & silver. Dorothy loses her house and teams up with the scarecrow and the tin-man (a farmer and industrialist) along with a timid lion (W.J. Bryan), trying to maintain enough courage to follow the yellow brick road (the gold standard), battling against evil (banking) forces. Once they finally reach Oz (oz = ounce), they find that the system is being maintained by a corrupt politician manipulating the people through trickery and deceit. In the original book, written by L. Frank Baum the ruby slippers were actually silver!! And silver is what brought Dorothy back home – back from a nightmare.
An excellent education begins with this feature on The Secret of Oz…