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Ron Paul worries Fort Knox gold is gone

Paschendale said:
So, what if the gold is gone? It's not like we actually use it for anything. It doesn't back up the dollar. It's just kinda sitting there. We should sell it or something. Maybe we can make some progress on the national debt that way.
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Ron Paul would likely be fine with selling it. but before selling it, lets find out for sure how much we have to sell.
 
ARealConservative said:
Ron Paul would likely be fine with selling it. but before selling it, lets find out for sure how much we have to sell.
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We know how much we have. Paul just thinks, with no evidence I can see, that it is possible, maybe, that it is not all there. It is conspiracy nonsense about 2 of Paul's favorite topics, gold and the Fed.
 
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.
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Curious, does anyone know if Ron Paul ever sighted the law that he alleges grants the Federal Reserve of NY to do what he says they're able to do without notifying anyone about it?

EDIT

Nevermind...Thanks, Lechean.

Federal Reserve Act, Section 14

Open Market Operations

Purchase and Sale of Cable Transfers, Bank Acceptances and Bills of Exchange

Any Federal reserve bank may, under rules and regulations prescribed by the Board of Governors of the Federal Reserve System, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank.

Dealings in, and Loans on, Gold

Every Federal reserve bank shall have power:

(a) To deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold;
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But notice there's nothing in the above stated section that outlines the rules bywhich the federal government will audit the banking system. The above section merely states that a Federal Reserve Bank can conduct financial transactions with other banks, foreign or domestic, without notifying a member bank. Did say anything about not reporting their actions to the Federal Government (Treasury). For that, you have to read:

Section 2B. Appearances Before and Reports to the Congress

(a) Appearances before the Congress

1. The Chairman of the Board shall appear before the Congress at semi-annual hearings, as specified in paragraph (2), regarding:

A. the efforts, activities, objectives and plans of the Board and the Federal Open Market Committee with respect to the conduct of monetary policy; and
B. economic developments and prospects for the future described in the report required in subsection (b).

2. The Chairman of the Board shall appear

A. before the Committee on Banking and Financial Services of the House of Representatives on or about February 20 of even numbered calendar years and on or about July 20 of odd numbered calendar years;
B. before the Committee on Banking, Housing, and Urban Affairs of the Senate on or about July 20 of even numbered calendar years and on or about February 20 of odd numbered calendar years; and
C. before either Committee referred to in subparagraph (A) or (B), upon request, following the scheduled appearance of the Chairman before the other Committee under subparagraph (A) or (B).

[12 USC 225b. As added by act of Dec. 27, 2000 (114 Stat. 3028).]

(b) Congressional report. The Board shall, concurrent with each semi-annual hearing required by this section, submit a written report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking and Financial Services of the House of Representatives, containing a discussion of the conduct of monetary policy and economic developments and prospects for the future, taking into account past and prospective developments in employment, unemployment, production,investment, real income, productivity, exchange rates, international trade and payments, and prices.

[12 USC 225b. As added by act of Dec. 27, 2000 (114 Stat. 3028).]

(c) Public access to information. The Board shall place on its home Internet website, a link entitled `Audit', which shall link to a webpage that shall serve as a repository of information made available to the public for a reasonable period of time, not less than 6 months following the date of release of the relevant information, including--

1. the reports prepared by the Comptroller General under section 714 of title 31, United States Code;
2. the annual financial statements prepared by an independent auditor for the Board in accordance with section 11B;
3. the reports to the Committee on Banking, Housing, and Urban Affairs of the Senate required under section 13(3) (relating to emergency lending authority); and
4. such other information as the Board reasonably believes is necessary or helpful to the public in understanding the accounting, financial reporting, and internal controls of the Board and the Federal reserve banks.
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Damnit Paul, stop being stupid...




Didn't you watch Die Hard With a Vengence? Fort Knox? Ha! It's for tourists.
 
Redress said:
We know how much we have. Paul just thinks, with no evidence I can see, that it is possible, maybe, that it is not all there. It is conspiracy nonsense about 2 of Paul's favorite topics, gold and the Fed.
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The same guys who distort CPI numbers, GDP, and the like. You trust this government when it can't even help but mess with economic indicators?
 
Redress said:
We know how much we have. Paul just thinks, with no evidence I can see, that it is possible, maybe, that it is not all there. It is conspiracy nonsense about 2 of Paul's favorite topics, gold and the Fed.
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no, we don't know. we only know what they tell us. people sometimes engage in fraud, which is why independent audits are warranted.

additionally, I watched some footage from last week where they were asking rather simple questions about this gold, and how the relationship with the gold we pledged to the IMF works, and the lack of certainty from those in charge leads be to believe an audit is in order.
 
REPEAT

Objective Voice said:
You can (also) go to the Federal Reserve's website, click on the "Related Websites" link and find the audit reports among the other websites listed there.
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Or you can file a FOIA request and get a hardcopy of any audit you want.

While I understand Ron Paul's concerns, I think he's being abit too paranoid here.
 
Redress said:
Do you have evidence to support your accusations? Some reason to think there is less gold there than thought? Any other conspiracy crap you buy into?
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Hey! If you were going to take it there, you shouldn't have started the thread. Come on now.
 
American said:
You better write Dr Paul and tell him, probably doesn't know. :roll:
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He's too busy rallying the folks who think we blew up the towers, and flew the passengers and crew to a fully functional tropical isle.

j-mac
 
j-mac said:
He's too busy rallying the folks who think we blew up the towers, and flew the passengers and crew to a fully functional tropical isle.

j-mac
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Since when is Ron Paul a truther? That's a blatant mischaracterization.
 
j-mac said:
He's too busy rallying the folks who think we blew up the towers, and flew the passengers and crew to a fully functional tropical isle.

j-mac
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no, he is too busy rallying the real conservatives that bailed on the neocons that spent ridiculous sums of money the 8 previous years.
 
phattonez said:
Since when is Ron Paul a truther? That's a blatant mischaracterization.
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Where you been?



speaking at a truther gathering on a collage campus saying that the independent investigation was a cover up....but no he ain't no truther though.....;)

j-mac
 
ARealConservative said:
no, he is too busy rallying the real conservatives that bailed on the neocons that spent ridiculous sums of money the 8 previous years.
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Bahhhh, he's a fringe longshot at very best, a lunatic most likely.

j-mac
 
j-mac said:
Bahhhh, he's a fringe longshot at very best, a lunatic most likely.

j-mac
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he is the sanest person running for office today. so sane, he actually knew of the problems coming our way, while the rest of the phonies were talking about "the greatest story never told"

that's right - prior to the phony conservatives finally agreeing we were in a recession, they were fighting tooth and nail arguing that the economy was sound.

that is either idiotic, or insane. either way, those types have no business getting a single vote - but I imagine you are too ill informed to even be aware of this.
 
ARealConservative said:
he is the sanest person running for office today. so sane, he actually knew of the problems coming our way, while the rest of the phonies were talking about "the greatest story never told"

that's right - prior to the phony conservatives finally agreeing we were in a recession, they were fighting tooth and nail arguing that the economy was sound.

that is either idiotic, or insane. either way, those types have no business getting a single vote - but I imagine you are too ill informed to even be aware of this.
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I do like some of Paul's goals, he just runs off the rails when his most go to interviewer is Alex Jones. Come on man, let's have a real chance, and not blow it on Dr. Paul.

j-mac
 
j-mac said:
I do like some of Paul's goals, he just runs off the rails when his most go to interviewer is Alex Jones. Come on man, let's have a real chance, and not blow it on Dr. Paul.

j-mac
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you talk as if we are on the same page. I blame people with your mentality primarily for the problems conservatives face today.

We still don’t have a chance, because too many people like you vote.
 
j-mac said:
Where you been?



speaking at a truther gathering on a collage campus saying that the independent investigation was a cover up....but no he ain't no truther though.....;)

j-mac
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He doesn't say specifically that he thinks that the government did it. He says he does not trust the government. If you know libertarianism, you know the difference.

And this video is highly edited. I wonder what is taken out of context here.

Besides, Ron Paul denies being a truther.

Ron Paul “Absolutely Not” A Truther: Audio Interview | SEO BlackHat: Black Hat SEO Blog
 
j-mac said:
I do like some of Paul's goals, he just runs off the rails when his most go to interviewer is Alex Jones. Come on man, let's have a real chance, and not blow it on Dr. Paul.

j-mac
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Another typical Republican winning is no better than a Democrat winning. They're all the same.
 
phattonez said:
Another typical Republican winning is no better than a Democrat winning. They're all the same.
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This is why libertarians seldom get elected.
 
American said:
This is why libertarians seldom get elected.
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“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum — even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate.” - Noam Chomsky
 
what? no one is noticing that the difference between Republican and Democrat is the end of the candle keeping people thinking its different.

It's the SAME game - DIVIDE AND CONQUER! ...

Look at the run of the mill lies from BOTH SIDES ... and where are we?

At each others throats acting like we actually have something to say that makes a difference!

stay on the same hyphenated course and pretend it will get better!

They been saying it will get better every year since I became aware of politics in 1973 - it just gets WORSE - same deception swallowed down by the vain and gullible!

:peace ... that's why we now have less freedom than Hungary had when they were communist! :peace​

It's so frustrating to see so many people missing the boat ...
 
American said:
You better write Dr Paul and tell him, probably doesn't know. :roll:
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Well, if the good Dr. knows that these federal audit reports are available, why is he bothering the public with such non-sense? Surely, he can acquire the information he seeks and know long before the public if federal reserve banks were, in fact, selling gold in any amount. As such, wouldn't the report state how much remains at Fort Knox since that's where they get their gold?
 
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