Topic: The World Wants Its Gold Back From the U.S. (Read 103 times)
The point is that the USA has run out of credibility on so many levels, that at this point not even its closed allies believe a word of what they say or promise. So when you stop to trust a partner, the next logic step is to try to get back your treasures which he is helding "for your protection". Well, not everybody will probably get their gold back, not all of them.
We’re all familiar with the so-called “run on the bank.” It usually begins quietly with just a few depositors getting nervous about the solvency of the bank.
They line up to get their cash out before the bank closes its doors. Soon the word spreads and the line gets longer. The bank projects an air of confidence and gives cash to depositors who request it as long as they can, but pretty soon the cash runs out.
The classic image of this is the scene from the Christmas-season film It’s a Wonderful Life, with Jimmy Stewart. We’ve all seen it. Now something similar is happening at the Federal Reserve Bank of New York.
What’s different is that the run on the bank involves gold, not cash. The New York Fed will never run out of cash because they can print all they need. But they could run out of gold...
Click here to watch this video and to read more:
https://jimrickards.blogspot.com/2018/05/the-world-wants-its-gold-back-from-us.html
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