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<p>[QUOTE=&quot;medoraman, post: 1855851, member: 26302&quot;]From an article posted in coinflation:</p><p><br /></p><p><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/29_What_The_Hell_Is_Going_On_With_The_German_Gold_%26_Fort_Knox.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/29_What_The_Hell_Is_Going_On_With_The_German_Gold_%26_Fort_Knox.html" rel="nofollow">http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/29_What_The_Hell_Is_Going_On_With_The_German_Gold_&amp;_Fort_Knox.html</a></p><p><br /></p><p>So I am just confused. Rick Rule, who the writer describes as one of the richest people in the world and who works with Eric Sprott, talks about German gold repatriation. He asks why its taking the Fed so long to deliver the gold, (fair enough), but then states, &quot;They don’t think that I have a right to understand anything with regard to the gold that is allegedly stored in Fort Knox on my behalf as a US citizen&quot;. Huh? The Fed has NOTHING to do with Ft Knox, Ft Knox has never is only property of the US, not the Fed, and is not involved in any kind of international holdings. Why does he bring up Ft Knox at all? HIs original point was concerning the Fed and their NY gold vaults. </p><p><br /></p><p>Then he later states &quot;The macro issue that is of interest to me is the unsustainable level of government expenditures relative to revenue -- and the fact that they are bridging the gap via either the sales of debt, or in the case of the United States government by quantitative easing, which I would refer to as counterfeiting&quot;. The US is COUNTERFEITING US dollars? Huh? How can the institution solely responsible for printing US dollars, and solely allowed to decide how many to print, be accused of COUNTERFEITING? </p><p><br /></p><p>You know, I am curious about the German situation as well, and I hate the government&#039;s massive borrowing. But, are we to believe this &quot;one of the worlds richest men and who works with Sprott&quot; just had a mental lapse in an interview? Or, was his words carefully chosen to sow as much panic buying of pm possible, (thereby making him even richer I am assuming)? This is the kind of stuff I find infuriating. Why did this have to be either unintentionally or intentionally deceitful when the underlying premise was a good premise. Drop off these two aspects of this interview, and I pretty much agree. However, having such deceitfulness in the interview makes the hair on the back of my neck stand up, and actually makes me stop and reevaluate why I might agree with such a person at all. However, I bet you that to many who do not understand the difference between the Fed and Ft Knox this helps feed the whole &quot;what is in Ft Knox&quot; hocum. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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