Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzMyMDk3NzY5X0VEMTNERDc3] [b]Are Banks Raiding “Allocated” Gold Accounts?[/b] by Washington's Blog July 6, 2012 [b]Beware: “Allocated” Gold May Not Really Be There[/b] In 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuit by its clients alleging that Morgan Stanley took money from them for buying precious metals on their behalf, took money from them for “storage” of these precious metals accounts, but only pretended to purchase the bullion. Avery Goodman points out that MS has just launched a similar scam, offering “allocated” metals, but gaming the definition so that the holdings are not really allocated. On May 21st, Matterhorn Asset Management’s Egon von Greyerz alleged that Swiss banks are trading physical gold bullion which is being held in special “allocated” accounts for its customers: We are stressing to investors to take their gold out of the banking system, not only because there are runs on banks that will continue, but the risk of being in the banking system is major. So you should take the additional step of not just owning physical gold, but also owning it outside of the banking system. We (just) had an example of a client moving a substantial amount (of gold) from a Swiss bank to our vaults, and we found out the bank didn’t have the gold. This was supposed to be allocated gold, but the bank didn’t have it. We didn’t understand why there was a delay (in our vaults receiving the gold), but eventually we found out why there was a delay (the bank didn’t have the gold). It’s absolutely amazing, but not surprising. This confirms what I’ve always thought. Not only should you not have gold in banks or even unallocated gold, but even allocated gold. It seems that some banks don’t even possess that. So the risk of having gold in the banking system is major.” [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=31773[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
MANDATORY MENTAL ILLNESS SCREENING AND THE DRIVE TO CONFISCATE FIREARMS
Artificial Sweetener Disease (ASD) is on the rise
Flat Earth Psy Op is the Real Conspiracy
Pluto's icy wonderland keeps mystifying scientists.
Laptops are getting destroyed because of faulty wiring on cheap cords
Chinese companies are making toxic rice out of plastic
Researchers develop method to liquefy tumors using sound waves, safely treating cancer without chemo or radiation
The first prepper video game?
Children now eating their own weight in processed sugar each year
American Cops Now Being Sent to Scotland to Learn How to Stop Killing People
Why Is My Kindergartner Being Groomed for the Military at School?
Navy staging 2-week long active shooter drills on bases nationwide
The Private Prison Primer: How is this even legal?
Super Bowl 50 Flight Security To Include F-15 Fighter Jets, Helicopters
Bill to End Operation Choke Point Clears U.S. House of Representatives
The NYPD Is Removing People From Their Homes Who Have Never Been Convicted of Crimes
Facebook's War On Freedom Of Speech
Confirmed: Iowa Democratic Party Flipped Delegates to Clinton
And Now “Some Important News About JPMorgan’s New Cash Policies”
Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group
$153 million in Bill and Hillary Clinton speaking fees, documented
China Harvesting Organs from Thousands of Political Prisoners While They Are Alive
U.S. and UK Spy Agencies May be Allowed to Request Online Chat Data and Emails from Media Companies
The wussification of American continues. You're a bad person if you watch football.
WHOOPS - IRS HAS MALFUNCTION - REFUNDS DELAYED
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.004s (3 queries)