Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

BREAKING: FT. KNOX ROBBERY IN PROGRESS!

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:28 AM
Original message
BREAKING: FT. KNOX ROBBERY IN PROGRESS!
http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=173208

"The U.S. Treasury Department has promised “hundreds of billions” to save the US markets using its own gold reserves.
President Bush approved the use of existing authorities by Treasury secretary Hank Paulson to make available as necessary the assets of the Exchange Stabilisation Fund for up to $50 billion to buy more illiquid mortgage assets.
When the Government bailed out the the Government Sponsored Enterprises it promised to buy illiquid mortgage backed securities, but this announcement extends that pledge."

CALL OUT THE CAVALRY!
Printer Friendly | Permalink |  | Top
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:30 AM
Response to Original message
1. Teehee.....
They're going to get there and find nothing but dust and IOU notes.


Printer Friendly | Permalink |  | Top
 
unapatriciated Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 08:06 AM
Response to Reply #1
7. They should have Geraldo open the vault
Printer Friendly | Permalink |  | Top
 
glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:31 AM
Response to Original message
2. If that isn't the truth.
Printer Friendly | Permalink |  | Top
 
Blarch Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:33 AM
Response to Original message
3. Well...
at least the price of gold will crash when we flood the market with new gold.
Printer Friendly | Permalink |  | Top
 
zeemike Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:34 AM
Response to Original message
4. So do I get this right
They are going to sell the gold out of fort Knox to the speculators who are dumping there stock and buying gold so they will not louse there money?
If so it is a robbery in progress.
Printer Friendly | Permalink |  | Top
 
Democrat 4 Ever Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 07:40 AM
Response to Reply #4
5. Nah nothing so simple. They'll just write a few trillion more IOUs
to China and then pretend everything is just okie dokie. Capitalism and free market GOP style. They transferred the gold that was in Fort Knox to the upper 1% years ago.
Printer Friendly | Permalink |  | Top
 
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 08:03 AM
Response to Original message
6. Fun Facts about the gold in Fort Knox
The United States Bullion Depository Fort Knox, Kentucky

Amount of present gold holdings: 147.3 million ounces.

The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.

The gold is held as an asset of the United States at book value of $42.22 per ounce.
The Depository opened in 1937; the first gold was moved to the depository in January that year.
Highest gold holdings this century: 649.6 million ounces (December 31, 1941).

Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.

Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.

Construction of the depository:

Building materials used included 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel, and 670 tons of structural steel.

The cost of construction was $560,000 and the building was completed in December 1936.

In the past, the Depository has stored the Declaration of Independence, the U.S. Constitution, the Articles of Confederation, Lincoln's Gettysburg address, three volumes of the Gutenberg Bible, and Lincoln's second inaugural address.

In addition to gold bullion, the Mint has stored valuable items for other government agencies. The Magna Carta was once stored there. The crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary also were stored at the Depository, before being returned to the government of Hungary in 1978.

The Depository is a classified facility. No visitors are permitted, and no exceptions are made.

http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?flash=yes&action=fun_facts13
Printer Friendly | Permalink |  | Top
 
Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 08:20 AM
Response to Original message
8. Your breaking news is only seven years late.
This has been one long sustained robbery and they are just finishing up now.
Printer Friendly | Permalink |  | Top
 
Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-20-08 08:43 AM
Response to Reply #8
9. Back up the trucks and load 'em up!!!
Edited on Sat Sep-20-08 08:44 AM by Karenina
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat May 04th 2024, 08:05 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC