Monday, January 20, 2014

GLENN BECK EXPLAINS "REHYPOTHECATION" FROM THE FED, AND WHATS HAPPENING WITH THE WORLD'S GOLD


 
AIRED ON 01/08/2014 THE BLAZE "GLENN BECK PROGRAM"
Glenn Beck Takes Gold Rehypothecation Story Mainstream- German Gold is GONE!
Posted on January 16, 2014 by The Doc — 5 Comments ↓
In the eyes of TPTB, it is one thing when a fringe financial blog such as SilverDoctors reports on and discusses the fact that the gold reserves supposedly held 5 stories below the NY Fed are likely rehypothecated and vaporized long ago. It is another thing entirely when the former top personality on Fox News, and whose news website The Blaze is the 140th most visited website in the entire US, devotes 20 minutes of TV time discussing the German's attempts to repatriate their gold reserves, and discusses the implications of what the Fed only returning 37 tons of re-cast gold bullion to the Bundesbank in year 1 likely means.
In Glenn Beck's own words: 
"The situation is worse than even I thought it was....There's not alot of that gold (at the Fed) really left. The answer is rehypothecation.
How hard is it to return the Bundesbank's gold? It has their stamp on it! The reason the German gold is being returned over 7 years is that a phone call came in to the Germans and said 'Hey, Rehypothecation, Dude! There's not enough gold here! We were playing a game!'
Once people demand their hard asset back, the entire thing collapses!"

It appears the gold manipulation and rehypothecation story has just gone mainstream.
 
 
ZeroHedge

Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year

On December 24, we posted an update on Germany's gold repatriation process: a year after the Bundesbank announced its stunning decision, driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute "conspiracy theorists" is today's update from today's edition of Die Welt, in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris.
 
 

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