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ProShares UltraShort 20+ Year Treasury Message Board

  • snugly60031 snugly60031 Nov 9, 2010 6:27 PM Flag

    Read That Fed's Gold is Gone

    I posted this today on TLT board. According to theory I read the main reason the Fed has fought audit and establishment legislators helped block it is that there isn't as much gold in the vault as advertised. The gold has been siphoned off over the years to pay for profligate government overspending. If the audit becomes a fait accompli expect Bernanke and some other Fed officials to resign. Also Geithner will likely resign. That way Obama can claim he is just as surprised by the finding as everyone else. My guess, though, is the siphoning has been happening for years. That's probably why establishment types from both parties have opposed audit. Do you think audit results would be made public if gold reserve is short, even with Ron Paul chairman of the House Committee sanctioning the audit? Or will they get to him or the auditors to keep it covered up?

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