Ron Paul worries Fort Knox gold is gone
By Jennifer Liberto @CNNMoney June 24, 2011: 11:58 AM ET
Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold bar.
WASHINGTON (CNNMoney) — With the price of gold at record highs, presidential candidate Rep. Ron Paul wants to make sure the U.S. gold bars at Fort Knox are really there.
Paul called a congressional hearing Thursday to grill federal officials about his bill to audit and inventory all of the gold reserves at Fort Knox, Ky., West Point, N.Y., and Denver, even though Treasury officials insist that the gold is audited annually and is all there.
During the hearing, Paul suggested that the Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the ability to secretly sell or swap gold with other countries without anyone knowing.
“The Fed is pretty secret, you know,” said Paul, who leans Libertarian. “Congress doesn’t have much say on what’s going on over there. They do a lot of hiding.”
Paul, a Texas Republican who wants to convert the U.S. monetary system to one based on the gold standard, says the federal government owes it to taxpayers to make sure U.S.-owned gold is safe. (Ron Paul: Bernanke’s biggest critic)
“This is one of the few legitimate functions of government: To check our ownership and be fiscally responsible and find out just what we own and whether it’s really there,” said Paul, who is among those running for the Republican presidential nomination.
Audits by the Treasury Department and Government Accountability Office are based on samples. Paul wants to open up Fort Knox and other reserves and count the bars manually.
“We know where it is. We know how much there is. We know it’s there. None of it has been removed,” said Treasury Inspector General Eric Thorson.
Ron Paul, John Boehner, Nancy Pelosi: Peek at their wealth
In September, Treasury completed its latest audit, showing that U.S. gold reserves total 9,300 tons with a market value of $320 billion, Thorson said. The recent run-up in gold prices — the precious metal is trading at about $1,515 an ounce — puts the market value at $340 billion as of Wednesday, according to Thorson’s testimony. He added that each gold bar weighs about 27 pounds and is worth around $500,000.
Paul said that his questions were partly in response to the numerous Internet conspiracy theories, including those that accuse the government of secretly selling all of the gold in Fort Knox.
Thorson said Treasury doesn’t believe that anyone, including the Fed, has taken the gold or laid claim to U.S. gold bars. Any further audit as proposed by Paul’s legislation would be redundant, he said.
“There is no movement. There is nothing there that can happen, once those doors are sealed,” Thorson said. “It’s very obvious if those seals are ever broken.”
William Lacy Clay, a Democratic representative from Missouri, said that doing a complete audit as Paul is calling for is a waste of federal manpower and could cost tens of millions of taxpayer dollars.
Thorson reported that the U.S. Mint told him that moving, counting and testing the gold would cost around $60 million. Paul said he had heard from Treasury that it would only cost $15 million.
Part of the expense would be due to the bill’s requirement to “assay” all the gold, said Gary T. Engel, a director of Financial Management and Assurance at GAO. Assaying means drilling little holes in all the gold bars in order to test its purity. But that process is “basically destroying whatever that piece is.”
Finally, Engel cautioned, “There will be some loss of the gold from the bars through the assaying process if you do that for every single bar that’s out there.”
Dominique Strauss Kahn Says Fort Knox Gold Has Gone Missing ???
A new twist on MIF sex scandal – missing gold in Fort Knox
WEDNESDAY, 01 JUNE 2011 19:17
A startling story published by the European Union Times, could be the one of the world’s biggest conspiracy theories, a plot for a movie or a frightening scenario for the U.S. and world economy.
Dominique Strauss Kahn
According to the on-line publication a new report prepared for Russian Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14 after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox was ‘missing and/or unaccounted’ for.
According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.
This FSB report says that when Strauss-Kahn raised his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the CIA who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.
Upon Strauss-Kahn receiving the CIA evidence, the report said, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.
Once Strauss-Kahn safely boarded an Air France flight to Paris, the FSB report says, he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.
Within the past fortnight, the report continues, Strauss-Kahn reached out to his close friend and top Egyptian banker Mahmoud Abdel Salam Omar to retrieve from the US the evidence given to him by the CIA. Omar, however, and exactly like Strauss-Kahn before him, has been charged by the US with a sex crime against a luxury hotel maid, a charge the FSB labels as ‘beyond belief’ as Omar is 74-years-old and a devout Muslim.
In an astounding move puzzling many in Moscow, Putin after reading this secret FSB report ordered posted to the Kremlin’s official website a defense of Strauss-Khan becoming the first world leader to state that the former IMF chief was a victim of a US conspiracy.
One of the United States top Congressman, and 2012 Presidential candidate, Ron Paul has long stated his belief that the US government has lied about its gold reserves held at Fort Knox. And in 2010 put forward a bill force an audit of them, .The bill was defeated,but which was subsequently defeated by Obama regime forces.
When directly asked by reporters if he believed there was no gold in Fort Knox or the Federal Reserve, Congressman Paul gave the incredible reply, “I think it is a possibility.”
Also interesting to note is that barely 3 days after the arrest of Strauss-Kahn, Congressman Paul made a new call for the US to sell its gold reserves by stating, “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”
Reports emanating from the US for years, however, suggest there is no gold to sell.
New reports coming from the United States show his determination not to go down without a fight as he has hired what is described as a ‘crack team’ of former CIA spies, private investigators and media advisers to defend him.
Ob Monday Russia’s Central Bank yesterday ordered the interest rate raised from 0.25 to 3.5 percent and Putin ordered the export ban on wheat and grain crops lifted by July 1 in a move designed to fill Russia’s coffers with money that normally would have flowed to the US.
Ron Paul Demands Inspection Audit in Fort Knox link:
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Fort Knox Gold links:
World Gold Holdings, Productions and Reserves !!!
World Gold Holdings and Production link:
World Precious Metals Charts for : Precious Metal Reserves – World Precious Metals Production – Gold Holdings by Country in Ounces – gold, silver, platinum, palladium, lithium, nickel, titanium, zinc, manganese, copper, aluminum and iron.
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FDR – Executive Order 6102 – Glenn Beck – $10,000 and/or 10 years in prison –
Take action against your local FEMA. An actual prison for the american people in Denton was challenged by the HealthEnlight crew. We made a total of 8 signs exposing their little secrets of their true agenda and planted them on their front yard. Their lazy guards were not able to stop us as we made our presence known to them. This is a peaceful revolution. Awaken those who have no idea the game the elites play. Be the change you want to See.
– – HealthEnlight.com TruthExposedRadio.com InfoWars.com
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The Last Nail The last nail is being driven into the coffin of the American Republic. Yet, Congress remains in total denial as our liberties are rapidly fading before our eyes. The process is propelled by unwarranted fear and ignorance as to the true meaning of liberty. It is driven by economic myths, fallacies and irrational good intentions. The rule of law is constantly rejected and authoritarian answers are offered as panaceas for all our problems. Runaway welfarism is used to benefit the rich at the expense of the middle class. Who would have ever thought that the current generation and Congress would stand idly by and watch such a rapid disintegration of the American Republic? Characteristic of this epic event is the casual acceptance by the people and political leaders of the unitary presidency, which is equivalent to granting dictatorial powers to the President. Our Presidents can now, on their own:
1. Order assassinations, including American citizens,
2. Operate secret military tribunals,
3. Engage in torture,
4. Enforce indefinite imprisonment without due process,
5. Order searches and seizures without proper warrants, gutting the 4th Amendment,
6. Ignore the 60 day rule for reporting to the Congress the nature of any military operations as required by the War Power Resolution,
7. Continue the Patriot Act abuses without oversight,
8. Wage war at will,
9. Treat all Americans as suspected terrorists at airports with TSA groping and nude x-raying.
And the Federal Reserve accommodates by counterfeiting the funds needed and not paid for by taxation and borrowing, permitting runaway spending, endless debt, and special interest bail-outs.
And all of this is not enough. The abuses and usurpations of the war power are soon to be codified in the National Defense Authorization Act now rapidly moving its way through the Congress. Instead of repealing the 2001 Authorization for the Use of Military Force (AUMF), as we should, now that bin Laden is dead and gone, Congress is planning to massively increase the war power of the President. Though an opportunity presents itself to end the wars in Iraq, Afghanistan, and Pakistan, Congress, with bipartisan support, obsesses on how to expand the unconstitutional war power the President already holds. The current proposal would allow a President to pursue war any time, any place, for any reason, without Congressional approval. Many believe this would even permit military activity against American suspects here at home. The proposed authority does not reference the 9/11 attacks. It would be expanded to include the Taliban and “associated” forces—a dangerously vague and expansive definition of our potential enemies. There is no denial that the changes in s.1034 totally eliminate the hard-fought-for restraint on Presidential authority to go to war without Congressional approval achieved at the Constitutional Convention.
Congress’ war authority has been severely undermined since World War II beginning with the advent of the Korean War which was fought solely under a UN Resolution. Even today, we’re waging war in Libya without even consulting with the Congress, similar to how we went to war in Bosnia in the 1990s under
President Clinton. The three major reasons for our Constitutional Convention were to:
1. Guarantee free trade and travel among the states.
2. Make gold and silver legal tender and abolish paper money.
3. Strictly limit the Executive Branch’s authority to pursue war without Congressional approval.
1. Federal Reserve notes are legal tender, gold and silver are illegal.
2. The Interstate Commerce Clause is used to regulate all commerce at the expense of free trade among the states.
3. And now the final nail is placed in the coffin of Congressional responsibility for the war power, delivering this power completely to the President—a sharp and huge blow to the concept of our Republic.
In my view, it appears that the fate of the American Republic is now sealed—unless these recent trends are quickly reversed.
The saddest part of this tragedy is that all these horrible changes are being done in the name of patriotism and protecting freedom. They are justified by good intentions while believing the sacrifice of liberty is required for our safety. Nothing could be further from the truth.
More sadly is the conviction that our enemies are driven to attack us for our freedoms and prosperity, and not because of our deeply flawed foreign policy that has generated justifiable grievances and has inspired the radical violence against us. Without this understanding our endless, unnamed, and undeclared wars will continue and our wonderful experience with liberty will end.
US – Fiat – Fed – IMF – Central Banks – World Banks – Private Banks – Rothschilds – 13 families – money – currency – JP Morgan – Creature from Jekyll Island – gold – silver – congress – coinage act – Who owns the Federal Reserve System – usury – interest – Roman Empire – Federal Reserve Act of 1913 – Congress coin money – Federal Deficit – National debt – the great depression – recession – hyperinflation – Rothschild – JP Morgan – Lehmann – Goldman Sachs – Warburgs – Rockefellers – stock market crash – create money at interest – money = debt – bankers – banksters – sheeple to slaughter – WW2 – panic circular of 1893 – central bank controls money wealth & people – 1907 panic propaganda – Woodrow Wilson Princeton University – Thomas Jefferson Warned:
Survivalist Guns, Gold, Food & Get Away Plan !!!
The Solution: Guns Gold Silver Food Storage & Ammo…….