The Hidden Role of Gold at the IMF

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All the purveyors of counterfeit money (paper) can do is keep up their lying rhetoric that things are getting better and the economy is improving, while digging their hole ever deeper by piling more debt on existing debt.

The mathematics of the situation dictate that any possible resolution can only be delayed (with even greater destructions assured) the status quo can not be maintained indefinitely. Neither can a badly flawed fractional reserve banking system be resurrected to its former glory, it WILL self destruct, like any pyramid, (in this case DEBT) the question is merely one of timing.

thinker70 10:28AM April 24, 2012

Off the bat: Currency Wars reveals a treasure trove of facts that provide a new light on (my) history (books). For example, General and President De Gaulle's breach of the informal understanding, leading to CWII. I had NEVER even begun to appreciate the effects there. A very neat explanation.

I have a couple questions. Basically, and perhaps the answer is in "Currency Wars" (into Ch. 6 to date), as a matter of international law, what forms of certificates of title control?

I have sifted Comex and NYSE Next / LIFFE's written, specified terms, and it appears certificates can be issued in fractional amounts, evidencing at least customary, exchanged consideration. Uniform amounts (i.e. decimal accouting - if memory's accurate) are paper proxy to the proportional interests of their expressed precious metal allocation; however, this appears to be binding in American law concerning "private parties." For example, an owner may hold a 1/10th certificate with Comex, which, based on positioning may increase, through the acquisition of nine more 10th certificates, to be exchanged for a larger proportional "interest" in remotely secured, private vaults. I believe a minimum amount of said certificates must be acquired before demand for mini or standard bars can honored.

One Comex agent responded to my querry concerning the terms, as to the certificate bearers right to take custody upon demand, to which she said it would be shipped and delivered from one of their remote (undisclosed?) locations.

Admittedly the puzzle pieces to this part confusion, mostly curiosity, is "hidden in plain view," but, the real comment-to-query trail is a two-parter:

1) What terms control and evidence authenticated "documents of title" ownership of precious metal via SDR issuance (governing IMF, et. al.)?

2) Might you be so kind as to refer a few authorities that can, like you, coherently delineate contractual terms and phrases from this international perspective, as opposed to more "regional" entities as the ones herebefore mentioned?

Regards.

Kip of CA 3:45AM April 24, 2012

Can you explain me the case of Italy??Italy has a lot of gold but No power inside the IMF!

klare of SC 1:40AM April 24, 2012

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