01/03/2013. uploaded by Natasha M Federal Reserve Accused of Wholesale Looting of other Countries Gold by Stuart Wilde
The Federal Reserve in NY stores gold for various countries, that are stupid enough to give it to them to look after. Germany asked for 300 tons of their 1000+ tons, and the Feds did not have it. They are only willing to return the 300 tons over a period of seven years. The suspicion is the Feds have stolen the gold, so then Switzerland and Holland also asked for their gold back.
The Feds went through the ludicrous performance of doing a paper audit of their gold, but they never counted the actual bars that are left in storage.
The U.S. Treasury just released a new report claiming to have performed an audit of U.S. gold held by the Federal Reserve. To be blunt, the report is a complete joke. The report says that the Treasury’s Office of Inspector General performed an audit of the U.S. Treasury’s schedule of U.S. gold reserves held by the Federal Reserve. In other words the report states that they performed an audit of a paper trail and not the actual gold itself. What good is this so-called audit if all they did was check some numbers listed on a schedule? There is little doubt that this report is part of a deliberate disinformation campaign to mislead people into believing that a real audit of U.S. gold reserves was performed.
This is a direct quote from the Treasury’s report stating that they audited a schedule.
We have audited the accompanying Department of the Treasury’s Schedule of United States Gold Reserves Held by Federal Reserve Banks as of September 30, 2012 (the Schedule). This report presents our unqualified opinion on this Schedule.
In fact the entire section dedicated to describing the scope of the audit only mentions auditing and confirming that the numbers in the schedule are correct. There is nothing in the report that talks about a physical audit of the gold itself so even calling this an audit is generous at best.
One of the owners of Google Eric Schmidt, has filed with the SEC to sell 42% of his stake in the company for $2.5 billion.
“This is a routine diversification of assets and Eric remains completely committed to Google,” Niki Fenwick a spokeswoman for Google, said in an e-mail.
“A routine diversification of assets” is Wall Street jargon for jumping ship and dumping the stock. There is nothing very routine about $2,500,000,000 — two thousand five hundred million. Facebook is collapsing, their profits fell 95% this year from the hype-year when they were floated on the stock market. These Internet billionaires have the inside track on information they are connected very high up the food chain.
Google’s Schmidt Adopts Plan to Sell as Much as 42% of Shares By Brian Womack – Bloomberg Google Inc. Chairman Eric Schmidt is adopting a plan to sell as many as 3.2 million shares in the operator of the world’s most popular search engine.
The planned share sales, worth about $2.5 billion, are for Schmidt’s individual asset diversification and liquidity, Mountain View, California-based Google said in a filing yesterday with the U.S. Securities and Exchange Commission.
The plan represents 42 percent of Schmidt’s share holdings. He had 7.6 million Class A and B shares as of Dec. 31, and has also adopted separate share sale plans for his investment companies. “This is a routine diversification of assets and Eric remains completely committed to Google,” Niki Fenwick, a spokeswoman for Google, said in an e-mail.
Sales may take place over a maximum period of a year, the filing said. Google rose 1.5 percent to $785.37 at yesterday’s close in New York, leaving them up 11 percent this year.
Directors of stock exchange companies are known as “insiders”. For them to buy and sell their company’s shares, they have to register their trades with the Securities & Exchange Commission (SEC). In the last week or so inside trades have sky rocketed, the directors of the quoted companies are selling hand over fist. When they sell like this, it is usually an indication they know the market is coming down.
The British coalition of Nick Clegg and David Cameron promised to reduce taxes and get Britain going. In fact The Guardian newspaper said that they have raised 245 taxes since they came to power. I can’t even think what taxes they are, but every pound or dollar that is stolen from the people is cruel, as it takes them towards the fear of collapse, while the politicians enjoy a lifestyle and privileges the citizens don’t get.
Britain is going into a 1930s style depression through over spending, banking corruption and over taxing. 25% of the British economy is the black economy–cash under the table–without that the country would be already finished. You can’t save a country by milking the workers, you have to let them be free to create activity and wealth. The politicians are like heroin addicts, Sustaining the addicts is deadly long term. Malta is a good tax haven many of the people I know use.
Are you are left with any money? The Golfer Magazine …Professional golfer Phil Mickelson said : Yeah. I’ll probably go into it more next year or next week. But if you add up, if you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate’s 62, 63 percent. So I’ve got to make some decisions on what I’m going to do.
These are the taxes Americans pay:
The Inheritance Tax Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (currently 44.75 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Recreational Vehicle Tax Sales Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
">It all seems so unjust. It’s time these horrible systems change. Euthanasia might work for the political money addicts. Stuart Wilde www.stuartwilde.com
Market Collapse In Process? Billionaires Continue To Dump U.S. Stocks, Traders Are Betting Against U.S. Economy!! by Stuart Wilde
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.
Unfortunately Buffett isn’t alone.
Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee
No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that’s why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag.
Something happened this week that brings back haunting memories of the 2001 put options of airline stocks, except this “bet” is against the entire U.S. economy. This week, an anonymous trader bought 100,000 put options on the ETF, which is an acronym for an exchange-traded fund. One commonly traded ETF is XLF, which, in the most unscientific and basic terms, is a group of funds that is like a barometer for the stock market.
Now, such trades involving ETF-XLF are common, except when the put options (bets that the value of an asset is going to go down) are so large and so significant that they scream of insider knowledge with big flashing lights and arrows. This is one of those. In this case, it is a bet against the stock market, although this is admittedly a rather oversimplified explanation – but you get the idea.
According to professionals who watch this activity for a living, normal single trades involve maybe 500 contracts at most. That’s why certain professionals took notice of an order this week of 100,000 put options, or 200 times the high trade volume of 500. It become even more curious when one considers that the trader is “betting” that the market will take a significant hit by the end of April. (The put options are dated for April 20 and 25, 2013, right around Hitler’s birthday, for those of you who follow things like that.)