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Federal Reserve Admits Hiding Gold Swap Arrangements

Submitted by austrianschool on Fri, 09/25/2009 - 17:29
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I don't know if this article has been referenced on the forum, but I found this interesting.

http://www.businesswire.com/portal/site/home/permalink/?ndmV...

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Breaking out of turn

Submitted by Jive_Dadson on Fri, 09/25/2009 - 18:40.

The most interesting thing happened this morning. The Fed lawyer weasel broke out of turn. When Grayson asked him if it would be okay to audit the Fed's gold holdings, he said something like he didn't see any problem with that. Man, I'll bet he was in hot water when he got back to the office. Grayson needs to run with that. And I think he will.

I posted this earlier

Submitted by OFallonBrent on Fri, 09/25/2009 - 18:01.

More reason for HR1207.

Glad you did.

Submitted by austrianschool on Fri, 09/25/2009 - 18:29.

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

—

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

Audit the Gold - Did you Hear that

Submitted by HawaiianDude on Fri, 09/25/2009 - 17:39.

In Fridays hearing did anyone else hear Greyson talk about auditing the Gold the fed says they have.

If they audit the Feds Gold supply I will be Shocked if they actually have any of it free and clear.

I actually sent my Congressman

Submitted by Tessie101 on Fri, 09/25/2009 - 18:33.

the article, as well as the one from GATA, along with a response letter that GATA received from the Federal Reserve. I could have sworn I saw my Congressman sitting there during the hearings reading my fax. I sure hope to hear back from him. I loved hearing Grayson grill the Fed guy today, what I loved most was when he asked if the Federal Reserve manipulated the markets. The Fed guy - Alvarez could not give a yes or no answer, and seemed to be squirming in his seat. Mr. Alvarez also named JP Morgan as one of the investment banks that does trading for, or on behalf of the Federal Reserve, if I understood him correctly, and if that is the case the Fed will have some explaining to do if manipulation can be proven.