John Hamilton - Fort Knox Has Never Been Audited
February 21, 2025
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February 21, 2025
PL said (February 21, 2025):
Some time ago I read an article by economist Michael Hudson (you can follow him on www.unz.com) who stated the US owned something like 76% of the world's monetary gold (the gold held by central banks) as late as 1949, but then lost so much of it from US dollar redemptions by countries like France and West Germany who were acutely aware of just how much money the US was pissing away on both the Korean War and Vietnam War. The banks in South Vietnam were French, and they were shipping back US dollars to the French central bank by the boatload. Hudson was on top of this because in the 1960's, he was working for Chase Manhattan Bank tracking global US dollar money flows/balance of payment transfers. In any event, France's De Gaulle became alarmed knowing that this amount of US money printing was unsustainable, so he would load up a French destroyer with US dollars and have it sail off to NYC harbor and cash in these dollars in exchange for gold bars at the Federal Reserve Bank of New York. This went on until Nixon shut down the gold window in August of 1971. The US dollar bills that were being redeemed were US Federal Reserve notes, NOT US Treasury notes; consequently, there's a very good chance the US Government/US Treasury ('We the People') have no gold whatsoever in Fort Knox or anywhere else for that matter.
Next...check this out https://prepareforchange.net/2019/01/29/president-kennedy-the-fed-and-executive-order-11110/
Notice how JFK was backing the US Treasury notes with silver, and NOT gold. This leads me to believe it's definitely the banksters who own the gold.
Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at
RH said (February 21, 2025):
"Silver dimes (90% silver) were minted until 1964. The US Mint switched from silver to a copper-nickel alloy in 1965. This alloy remains in use today. Using silver in the US circulated coins ended with the signing of the Coinage Act of 1965." From a web search
Henry,
I really don't expect Fort Knox to have the physical gold...even if photos show bars, who will know if they are made of gold? Maybe painted lead????
I remember as an elementary student in the 1960s how we would be asked by our teachers to give our silver dimes into some charity that was to feed starving children in India. That was a sneaky way to recapture the silver dimes while replacing them with the alloy dimes. We all did donate until there was none left to give! You have to chuckle at the naivety of all of us back then.
The audacity of FDR outlawing gold holdings was the start. They upturned the economy in the 1930s. The elite were thieves then and still are to this day.
A few days ago, you posted a picture of Jesus in chains...I said there is TRUTH...in chains. The elite will not stand for having the truth unbound.