FIRST LOOK Inside the FEDERAL RESERVE, USD, CASH, GOLD monetary SYSTEM - Americas Money Vault
For the first time, National Geographic takes you inside the heart of
the money machine to places that you're not allowed to bring a camera
...straight into the vaults of some of the world's largest stashes of
what you want, need and bust your butt to get: Money.
Hidden deep
under the streets of New York City, hundreds of billion dollars in gold
bars are tucked away in a bunker that is anchored to the bedrock of
Manhattan Island itself.
In the latest in a string of
high-profile hacking disclosures, the Federal Reserve confirmed on
Wednesday that one of its websites was broken into by cyber hackers in a
breach that reportedly leaked the contact information of thousands of
bankers.
While the central bank said the incident didn't "affect
critical operations" of the Federal Reserve System, the disclosure is
sure to fuel concerns about the cyber security of government websites
and critical financial infrastructure.
The Fed hack appears to be
tied to an Anonymous group that published on Twitter the credentials of
more than 4,000 commercial bankers early Monday morning. The group,
Operation Last Resort, said it received the documents "via the FED."
Call it the Rick Perry gold rush: The governor wants to bring the state's gold reserves back from a New York vault to Texas.
And
he may have legislative support to do it. Freshman Rep. Giovanni
Capriglione, R-Southlake, is carrying a bill that would establish the
Texas Bullion Depository, a secure state-based bank to house $1 billion
worth of gold bars owned by the University of Texas Investment
Management Co., or UTIMCO, and stored by the Federal Reserve.
"If
you think gold is a hedge, or a protection, you always want it as close
to the individual and the entity as possible," Paul told The Texas
Tribune on Thursday. "Texas is better served if it knows exactly where
the gold is rather than depending on the security of the Federal
Reserve."
Sadly, most Americans don't even realize that a private
banking cartel has a monopoly over all money creation in this country.
In recent years they have abused this power by wildly printing money
("quantitative easing"), and by making more than 16 trillion dollars in
secret loans to their friends during the last financial crisis. "Neither
the Treasury Department nor the Federal Reserve believes that the law
can or should be used to facilitate the production of platinum coins for
the purpose of avoiding an increase in the debt limit"
remaining
alternative to Congress raising the nation's borrowing limit, which
would utilize a loophole in federal law to mint a $1 trillion coin to be
deposited in the Federal Reserve and ensure the federal government
could pay all bills and debt obligations.
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You
can thank the reckless money printing that the Federal Reserve has been
doing for the incredible bull market that we have seen in recent
months. When the Federal Reserve does more "quantitative easing", it is
the financial markets that benefit the most. The Dow and the S&P 500
have both hit levels not seen since 2007 this month, and many analysts
are projecting that 2013 will be a banner year for stocks. But is a
rising stock market really a sign that the overall economy is rapidly
improving as many are suggesting? Of course not. Just because the
Federal Reserve has inflated another false stock market bubble Barack
Obama has been president, 40 percent of all American workers are making
$20,000 a year or less, median household income has declined for four
years in a row, and poverty in the United States is absolutely
exploding. So quantitative easing has definitely not made things better
for the middle class. But all of the money printing that the Fed has
been doing has worked out wonderfully for Wall Street. Profits are
soaring at Goldman Sachs and luxury estates in the Hamptons are selling
briskly. Unfortunately, this is how things work in America these days.
Our "leaders" seem far more concerned with the welfare of Wall Street
than they do about the welfare of the American people. When things get
rocky, their first priority always seems to be to do whatever it takes
to pump up the financial markets
nice summary... for more see www.PublicCentralBank.com
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