Tell us something we dont already know

BigMoneyLewis

Looks like Ron Paul is making some progress toward exposing the truth.

http://www.eutimes.net/2011/06/federal-reserve-admits-having-no-gold-at-all/


Lewis

gsa1fan

link

pmcollectour

The fact that the Fed owns no gold, nor claims to any gold, means the fundamental value of the dollar lacks any backing besides dollars themselves, not including Fed building and equipment. Dollars are in essence worth a lot less than many people thought, and the Fed is much more impotent in using the prowess of their assets, and conducting monetary policy in general, than many believed. In all, Alvarez’s clarification strengthens the case for gold’s high dollar value immensely.