Federal Reserve Accused of Wholesale Looting of other Countries Gold

The Federal Reserve in NY stores gold for various countries, that are stupid enough to give it to them to look after. Germany asked for 300 tons of their 1000+ tons, and the Feds did not have it. They are only willing to return the 300 tons over a period of seven years. The suspicion is the Feds have stolen the gold, so then Switzerland and Holland also asked for their gold back.

The Feds went through the ludicrous performance of doing a paper audit of their gold, but they never counted the actual bars that are left in storage. Stuart Wilde www.stuartwilde.com

Source http://philosophers-stone.co.uk/wordpress/

The U.S. Treasury just released a new report claiming to have performed an audit of U.S. gold held by the Federal Reserve. To be blunt, the report is a complete joke. The report says that the Treasury’s Office of Inspector General performed an audit of the U.S. Treasury’s schedule of U.S. gold reserves held by the Federal Reserve. In other words the report states that they performed an audit of a paper trail and not the actual gold itself. What good is this so-called audit if all they did was check some numbers listed on a schedule? There is little doubt that this report is part of a deliberate disinformation campaign to mislead people into believing that a real audit of U.S. gold reserves was performed.

This is a direct quote from the Treasury’s report stating that they audited a schedule.

We have audited the accompanying Department of the Treasury’s Schedule of United States Gold Reserves Held by Federal Reserve Banks as of September 30, 2012 (the Schedule). This report presents our unqualified opinion on this Schedule.

In fact the entire section dedicated to describing the scope of the audit only mentions auditing and confirming that the numbers in the schedule are correct. There is nothing in the report that talks about a physical audit of the gold itself so even calling this an audit is generous at best.