Help Keep 12160.info ALIVE!!

  It's been 23 months since We've asked for Donations, Now is the time to come to the aid of YOUR web site

Requested! donations via Mail or -use Paypal
THANK YOU !!
If we can not come up with the funds for the site, 12160 will be no more.
Please find it within you to help us out and meet our goal in the next couple of months. Any donation, no matter what amount will be greatly appreciated.

 

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: 503

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

Profile Icon via Twitter
18 shot Friday, 23 shot Saturday, 21 shot Sunday - Chicago hits 57 for a single weekend. https://t.co/zU7SRPWXwA
Twitter8 minutes ago · Reply · Retweet
Boris Badenov posted videos
16 minutes ago
Boris Badenov favorited Deep Space's video
27 minutes ago
DTOM's discussion was featured

12160 - ALTERNATIVE MEDIA PLATFORMS FOR 2018

ALT MEDIA PLATFORMS FOR 2018No-one at 12160 is affiliated to or has been paid / rewarded for promotion of these services - this is simply a list of…See More
28 minutes ago
Boris Badenov favorited Billie Cokebottle's discussion Many cases of “dementia” are actually side effects of prescription drugs or vaccines, according to research
32 minutes ago
Billie Cokebottle's 2 discussions were featured
32 minutes ago
MAC's video was featured

There Are Major Signs That The Deep State Is Planning Something Big - Episode 1642b

Learn How To Use Crypto Currencies Join The Crypto School Watch Crypto Traders Trade http://x22reportschool.com X22 Report Is An Affiliate Of The Crypto Scho...
36 minutes ago
Boris Badenov favorited Diana's photo
53 minutes ago
Deep Space's video was featured

Ferrofluid Display - Programmable Liquid Metal Professional Exhibit (This Is Not CGI!)

Bob Products Published on Jul 27, 2015 Ferrofluid Magnetic Liquid Display like no other! We call it the Living Liquid Display. Now available in two different designs, Hexagon and Pyramid. Completely programmable allowing you to create your own shows…
53 minutes ago
Boris Badenov favorited Central Scrutinizer's blog post TWITTER CEO JACK DORSEY: I ‘FULLY ADMIT’ OUR BIAS IS ‘MORE LEFT-LEANING’
53 minutes ago
Boris Badenov favorited Central Scrutinizer's discussion JUDICIAL WATCH CALLS FOR RE-OPENING OF HILLARY EMAIL INVESTIGATION AFTER MORE CLASSIFIED INFO FOUND
53 minutes ago
Boris Badenov commented on Chris of the family Masters's blog post Mozilla / Firefox goes all in for EVIL… pushes corporate news collusion to silence independent media
"ok, this is where other's offer an alternative right? I saw 4 options for search engines Chris. How about just typing in https://duckduckgo.comi This browser was 1st made for smartphones, which works so well IMO, I tried win version "
57 minutes ago
Profile Icon via Twitter
RT @Breaking911: WATCH: Beer Deliverymen Talk Man Out of Jumping Off Bridge — By Offering Him a 12-Pack of Coors Light - https://t.co/BxthI
Twitter1 hour ago · Reply · Retweet
Diana posted a video

Watch as Jesse Hernandez, the first ever male Saintsation, performs in Superdome

Jesse Hernandez, the first ever male Saintsation, performs before the New Orleans Saints hosted the Arizona Cardinals in a preseason game at the Mercedes-Ben...
1 hour ago
Elyag Reed...We are Legion commented on Less Prone's blog post Man and woman accused of female genital mutilation of a three-year-old girl appear in court
"If they are released on Bail - we have them in our sights from outside the court.. With Sniper cat.. And as a backup for the Lone Shooter ... We are Legion and Growing"
1 hour ago
Elyag Reed...We are Legion commented on DTOM's blog post 8.5-Foot Statue of Baphomet Unveiled On Arkansas State Capitol Lawn
"Our religious group worships the One True God - Money. So we are preparing a signboard to be placed beside the Baphomet.. We are Legion and Growing"
2 hours ago
Elyag Reed...We are Legion commented on Boris Badenov's page Victoria's Secret's idea of sexy is becoming 'unrelatable', experts say.
"Early Fashion Critics Panel viewing Western women wearing Skimpy clothing being paraded at salve market show. We are Legion and Growing."
2 hours ago
MAC posted videos
3 hours ago
cheeki kea favorited DTOM's photo
4 hours ago
cheeki kea commented on DTOM's photo
4 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