Check Out What Really Happened

 

Photo Gallery: Gold Rush
DPA

For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home.

Bundesbank President Jens Weidmann wanted to personally convince Peter Gauweiler that the German gold was still where it should be. Early this summer, the head of Germany's central bank took the obstinate politician from the conservative Christian Social Union (CSU), a party that is a member of the government coalition in Berlin, and a number of his colleagues into the Bundesbank's inner sanctum: the gold vault.

There, 6,000 gold bars are stacked on industrial-strength shelves in a purpose-built building in Frankfurt. An additional 76,000 bars of bullion are stored in four safe boxes, in sealed containers.

But even this personal inspection wasn't enough to reassure the visiting member of parliament -- on the contrary: "The Bundesbank monitors its domestic gold in an exemplary fashion," Gauweiler says, "and this makes it all the more incomprehensible that the bank doesn't look after its reserves abroad."

For quite some time now, Gauweiler has been pestering the government and the Bundesbank with questions concerning where and how the country's reserves are stored, and how often they are checked. He has submitted requests and commissioned reports on the topic.

Last week, Gauweiler celebrated his greatest triumph to date in his gold campaign, which has been a source of some amusement for many fellow German politicians: A secret report by the Federal Audit Office had been made public -- and it contained stern criticism of the German central bank in Frankfurt. The Bonn-based auditors urged a better inventory system, including quality checks.

This demand, which even the bank's inspectors saw as nothing more than routine, alarmed the Berlin political establishment. Indeed, the partially blacked-out report read like the prologue to an espionage thriller in which the stunned central bankers could end up standing in front of empty vaults in the US.

'Grotesque Debate'

For decades, German central bankers have contented themselves with written affirmations from their American colleagues that the gold still remains where it is said to be stored. According to the report, the bar list from New York stems from "1979/1980." The report also noted that the Federal Reserve Bank of New York refuses to allow the gold's owners to view their own reserves.

Not surprisingly, this prompted strong reactions in Berlin:

more

http://www.spiegel.de/international/germany/german-politicians-dema...

Views: 506

Replies to This Discussion

Exclusive: Bank Of England To The Fed:

by Tyler Durden

"No Indication Should, Of Course, Be Given To The Bundesbank..."

RSS

 

 

Latest Activity

Chris of the family Masters posted a discussion

Are you afraid to tell the truth?

You ought to be: Offend the Jews and your future is in jeopardy When history is a lie, revisionism becomes the truth.What we’re up against is bigger than any country. In fact, it’s bigger than all the countries in the world.The ruthless powers that…See More
1 hour ago
truth's photo was featured
3 hours ago
Burbia's video was featured

Inside Nikki Haley's Shocking Speech to Secretive Far-Right Group

Just days before she resigned as UN Ambassador, Nikki Haley delivered a private speech to the Council for National Policy, a secretive group of influential r...
4 hours ago
Boris Badenov replied to Diana's discussion BREAKING: Man Steps Forward with Sexual Assault Allegations against Sen. Cory Booker With Lawyer’s Response to Gateway Pundit (Call The FBI!)
4 hours ago
Raz Putin updated their profile
4 hours ago
Profile Icon via Twitter
"WATCH: Tucker Carlson vs Cenk Uygur debate at Politicon" https://t.co/B3D9FN4SoP
Twitter4 hours ago · Reply · Retweet
Raz Putin commented on Raz Putin's photo
Thumbnail

Fuk-U-Shima

"Yeppers! Magna BSP: The Israeli Connection to 3/11 Terrorism at Fukushima https://311truth.wordpress.com/2014/01/18/magna-bsp-the-israeli-connection-to-311-terrorism-at-fukushima/ and the The Dimona Dirty…"
5 hours ago
Central Scrutinizer replied to Diana's discussion Young Virginia Voters Aren’t Sending In Their Ballots Because…
"the dumbing down of America is now complete...."
5 hours ago
Raz Putin commented on TheBigWedding's photo
Thumbnail

Shhhh!

"Recently measured at 500+ sieverts an hour. "What fresh hell is this""
5 hours ago
Central Scrutinizer commented on Boris Badenov's page Invasion Update: Numbers have swelled to 7,200 and growing
5 hours ago
Raz Putin favorited TheBigWedding's photo
5 hours ago
dogitydog commented on Raz Putin's photo
Thumbnail

Fuk-U-Shima

"Magna BSP"
5 hours ago
dogitydog commented on Boris Badenov's blog post 127 cases of polio-like illness under investigation, CDC says
"That was exactly my first thought. They will never look at the elephant in the room, yet continue to shake their heads wondering what could the cause is, no matter how obvious it is. Yep, gotta protect that cash cow!"
6 hours ago
Boris Badenov commented on Boris Badenov's page Invasion Update: Numbers have swelled to 7,200 and growing
6 hours ago
TheBigWedding posted a photo
6 hours ago
TheBigWedding commented on Raz Putin's photo
Thumbnail

Fuk-U-Shima

"Shhhhhh!"
6 hours ago
Ascensiati Prime is now a member of 12160 Social Network
7 hours ago
Diana commented on Boris Badenov's page This Is Los Angeles Under Democrat Rule
"California is always saying F the federal government, but he went right to national politics needs to solve the problem.  Four of the 10 cities with the most homelessness are in California (LA, San Francisco, San Diego and San Jose) - the other…"
7 hours ago
Boris Badenov commented on Boris Badenov's page Invasion Update: Numbers have swelled to 7,200 and growing
7 hours ago
Diana commented on Boris Badenov's page Invasion Update: Numbers have swelled to 7,200 and growing
"There is reportedly over 100,000 signed up for Trump's Houston Rally - just take it to the border.  100,000 armed Texans should be enough to stop 'em."
8 hours ago

Please remember this website is supported by your donations...

© 2018   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted