Ron Paul calls for audit of U.S. gold reserves

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Col. Flagg
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Ron Paul calls for audit of U.S. gold reserves

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http://www.kitco.com/reports/KitcoNews20100824DC.html
Texas (Kitco News) -- U.S. Rep. Ron Paul , R-Tex., plans to introduce a new bill next year that will allow for an audit of US gold reserves, he told Kitco News in an exclusive interview.

Paul dropped the news in the interview, indicating that the bill still does not have an official name yet but will be unveiled at the start of the new U.S. Congress.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said of the Federal Reserve.

This is not the first time the congressman has made his pitch. “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit,” said Paul. “I think there was only one decent audit done 50 years ago,” he said.

Though Paul did not say whether there is any truth to claims that there is no gold in Fort Knox or the New York Federal Reserve, he said, “I think it is a possibility.”
I have no doubt Paul is #1 on the 'Fed's' hit list. The problem for the 'Fed' is, if something were to happen to him, they would be looked upon as the culprit. I bet Bernanke gets butterflies every time he has to face Ron in questioning during congressional sessions. :lol: This audit bill shall, too, go by the wayside... the 'Fed' is not about to be exposed as a criminal enterprise.

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Original_Intent
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Re: Ron Paul calls for audit of U.S. gold reserves

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Oh, I wouldn't be shocked if the Fed fights this for a while and then allows the audit. I bet they have got there tungsten bar gold plating system just about perfected, and the only fly in the ointment is that they will need to acquire enough gold to plate said tungsten bars.

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InfoWarrior82
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Re: Ron Paul calls for audit of U.S. gold reserves

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Original_Intent wrote:Oh, I wouldn't be shocked if the Fed fights this for a while and then allows the audit. I bet they have got there tungsten bar gold plating system just about perfected, and the only fly in the ointment is that they will need to acquire enough gold to plate said tungsten bars.
OR the auditors themselves have been bought and paid for.
Col. Flagg wrote:The problem for the 'Fed' is, if something were to happen to him, they would be looked upon as the culprit.

:? People get suicided all the time these days. It's even more feasible to make it look like something along the lines of a heart-attack IMO.

Congress will never allow it...

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Jason
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Re: Ron Paul calls for audit of U.S. gold reserves

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Why not audit the gold.....its collateral on the debt right? If there's not enough it just means all the rest of the assets get thrown in too!

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Col. Flagg
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Re: Ron Paul calls for audit of U.S. gold reserves

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Original_Intent wrote:Oh, I wouldn't be shocked if the Fed fights this for a while and then allows the audit. I bet they have got there tungsten bar gold plating system just about perfected, and the only fly in the ointment is that they will need to acquire enough gold to plate said tungsten bars.
Here's what I don't get... if the 'Fed' has the power to create money out of nothing, money is no object to them and it would be power that they are after, so why would they worry about accumulating gold for themselves when everything hits the fan and the last thing on anyone's mind is 'how much gold you got'? In a collapse situation like the one that is fast approaching, food, water, shelter, clothing, etc. will be more valuable than gold.

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Jason
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Re: Ron Paul calls for audit of U.S. gold reserves

Post by Jason »

Col. Flagg wrote:
Original_Intent wrote:Oh, I wouldn't be shocked if the Fed fights this for a while and then allows the audit. I bet they have got there tungsten bar gold plating system just about perfected, and the only fly in the ointment is that they will need to acquire enough gold to plate said tungsten bars.
Here's what I don't get... if the 'Fed' has the power to create money out of nothing, money is no object to them and it would be power that they are after, so why would they worry about accumulating gold for themselves when everything hits the fan and the last thing on anyone's mind is 'how much gold you got'? In a collapse situation like the one that is fast approaching, food, water, shelter, clothing, etc. will be more valuable than gold.
I don't they look at it as collapse.....more like annihilation of majority of the people.....and they plan on controlling it all militarily! Along with all the assets including food, water, shelter, clothing, gold, silver, etc....

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