US Gold assets to be sold by IMF

[formercia]

A majority of theis Gold was supplied by the US to ensure the liquidity of the IMF. It is still the property of the United States Government.

The boys are out to rape and pillage the IMF.

http://www.reuters.com/article/companyNewsAndPR/idUST28198620080209

G7 approves IMF gold sales - Italy econ minister
Sat Feb 9, 2008 6:41pm IST

By Gavin Jones

TOKYO (Reuters) - The Group of Seven rich nations on Saturday approved the sale of gold by the International Monetary Fund from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said.

"There was an acceptance among the G7 that resources should be raised by selling gold," Padoa-Schioppa, who is also the head of the IMF's steering committee (IMFC), told reporters after a meeting of G7 finance ministers in Tokyo.

He said the agreement would be finalised in April and would complement spending cuts being drawn up by the IMF under its new managing director, Dominique Strauss-Kahn.

--snip--

Padoa-Schioppa noted that in the case of the United States, approval for gold sales would be required by Congress, meaning "the administration must present a proposal and support it".

[liberal N proud]

1. Nothing is safe with these bastards

[formercia]

2. The plan is simple

The IMF sells the Gold then makes questionable loans to entities connected to the BFEE. The boys milk the contracts for every penny they can and the loans go bad.

Iraq suddenly gets a bunch of 'reconstruction' no bid contracts to the boys.

[sam sarrha]

9. thats how Bu$h41 ripped off th Savings-n-Loans, and 43 did the Mortgage business, the banks lost a

lot of competition, and we pay back the thieves every time.. so we always lose twice... 100% inflation

[Demeter]

3. Shut Down the IMF--It's Passe and Bankrupt

Now that Chavez has freed South and Central America from slavery to the IMF and World Bank, and the Middle East doesn't need them, and there's nothing left in Africa to steal, they should cashier the clerks and send everybody home to do something productive--breaking rocks, or subsistence farming, or working in a sweatshop....

[formercia]

12. Shut it down and return the Gold to the US Treasury

The boys want to sell the gold and leave the IMF bankrupt before it disappears into the dustbin of History.

[Mojorabbit]

4. It figures, one of the few

investments I have that is doing well will now go down in price when they flood the market with gold.

[sam sarrha]

11. destroy the market .. then buy up the closed mines, gold will only go up

[formercia]

13. Poppy is on the board of Barrick Gold

The Gold mining companies have been against the sale for that reason. Watch Poppy sell short.

[Octafish]

17. 'Rev' Pat Robertson sold PTN Network and invested his billions in Gold...

...diamonds, too. It really is a small world for those with Swiss bank accounts.

Christianity, Inc.

Know your BFEE: Pat Robertson Incorporated a Gold Mine with a Terrorist

Sorry to sound like a broken record, formercia. My wife is long tired of it. The difference is she also has to hear me relate everything to an episode of the original Star Trek, too.

Hey, Pat! Great job of living the New Testament in one's work. Marion's is just not on the same side as Jesus.

[formercia]

18. I'm not tired of hearing it.

I've had info from a very reliable source that the boys have been buying Gold like crazy. This would be a good deal for them to drive the price down so they could snap it up on the cheap. They have tons of soon to be worthless paper money that they want to convert into precious metal assets. The Central banks have been limited by agreement as to how much Gold they can sell per year and production is projected to fall in the future. What's the point of pillaging the US Treasury if all they get for their trouble is worthless paper?

Remember the Hunt brothers trying to corner the Silver market? The boys would like to corner the Gold market and then when paper money becomes worthless, they could dictate economic policy and force everyone back onto the Gold Standard.

Then there's the Third temple crowd who are buying Gold to rebuild the Temple in Jerusalem after they have used the US Military to drive the Muslims into oblivion.

[Demeter]

16. Just buy it up on the cheap before Poppy does!

[lonestarnot]

5. Rughfruckingro.

[sam sarrha]

6. can you explain the players here. who's/who. are they getting even for th NeoCon mortgage ripoff, i

heard that international banking lost 5.3 Trillion dollars related to Bu$h's Cronies Ponzi Game.. and i am sure they calculate the lost interest every day also.

[formercia]

10. Wolfowitz

The proposal to sell the Gold reserves surfaced in early 2005 soon after Paul Wolfowitz became head of the World Bank.

The boys have had their eyes on these reserves for a while.

[sam sarrha]

14. NeoCons Disaster Capitalism read Naomi Klein's Shock Doctrine, a few Parasitic people can totally

destroy Civilization for short term profit.

they need to do something really quick about this disastrous economic system. if we all get together right now and work cooperatively together for essential survival as a species, we may be able to save 1 billion individuals in the next 100 years.

i don't think there is a very large window of opportunity to succeed.

if these parasites are allowed to continue another 5 years we are all lost.

[whistle]

7. Holy shit, the great gold bullion robbery has begun

[formercia]

8. You bet

This is like the US Treasury selling US Gold reserves to the FED in exchange for paper money.

This Gold is property of the US taxpayer, just like the Gold in Fort Knox.

[tuckessee]

15. What will this do to gold prices?

In the short term?

In the long term?

[Elspeth]

19. They've been looting us all along

What can we do about this?