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Old 07-17-2012, 07:25 PM
 
29,409 posts, read 21,967,571 times
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The gold pool collapsed in the late sixties. Then there was a "gold run" back in 1971 when countries showed up to the window and demanded gold. Probably all went out the window then but they just kept it on the books. Who really knows. Apparently nobody does.
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Old 07-17-2012, 07:32 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
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Quote:
Originally Posted by KUchief25 View Post
The gold pool collapsed in the late sixties. Then there was a "gold run" back in 1971 when countries showed up to the window and demanded gold. Probably all went out the window then but they just kept it on the books. Who really knows. Apparently nobody does.
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Old 07-17-2012, 08:59 PM
 
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How did you get into Ft. Knox? lol
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Old 07-18-2012, 04:12 AM
 
2,385 posts, read 1,584,185 times
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Originally Posted by lifelongMOgal View Post

Don't recall to whom this needs to be attributed: "Give me control of the money of a country and I care not for its laws."
That would be the German Banker Mayer Amschel Rothschild, a founding father of international finance.

Mayer Amschel Rothschild - Wikipedia, the free encyclopedia
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Old 07-18-2012, 05:31 AM
 
5,113 posts, read 5,958,224 times
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Originally Posted by HappyTexan View Post
This is going to get pretty interesting here.

The Bank of England is now saying that Geithner, head of the NY Fed at the time, asked them to make changes to the LIBOR benchmark. This was back in 2008..when our financial firms/banks were falling apart.

The DOJ has been asked to look into this. Well we know where this will go, don't we ?
The government is going to see if the government did anything wrong in global financial markets.

Bank of England says Geithner pushed for Libor changes - Yahoo! News
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate.
..
During the 2007-2009 financial crisis, the borrowing costs of many banks soared as counterparties worried about their health. Some banks may not have wanted their high borrowing costs to become public out of fear it may have fueled concern about their viability.

It is not clear how far the New York Fed pressed any concerns it may have had. The New York Fed declined to comment.
Geithner was the key architect on the October 2008 bailout of the US financial system under Bush.
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Old 07-18-2012, 07:26 AM
 
Location: Texas
5,872 posts, read 8,077,758 times
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Originally Posted by Don9 View Post
Geithner was the key architect on the October 2008 bailout of the US financial system under Bush.
ONE of the key architects.
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Old 07-18-2012, 07:27 AM
 
Location: Great State of Texas
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Well if they were manipulating LIBOR you can only imagine that they were able to manipulate just about any other rate setting body.
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Old 07-18-2012, 07:32 AM
 
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Originally Posted by lifelongMOgal View Post
Yes, your linked quote just reinforced exactly what I stated. Geithner knew before he became Sec. of the Treasury, back when he was President of the NY FED.
And he informed authorities and worked to stop the manipulation.

And you would prefer that he had.......done what?
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Old 07-18-2012, 07:33 AM
 
42,732 posts, read 29,808,044 times
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Originally Posted by pknopp View Post
And it would seem, did nothing as it continued even after he becamse SoT.
Because the Secretary of the Treasury in the United States has what sort of authority abroad? Please elucidate.
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Old 07-18-2012, 08:01 AM
 
79,908 posts, read 44,064,775 times
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Originally Posted by DC at the Ridge View Post
And he informed authorities and worked to stop the manipulation.

And you would prefer that he had.......done what?
If he had informed authorities there would have been massive arrests. Either that, or like all other regulations that have been broke over the last decade or so, they all simply decided to ignore it.
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