The IMF, for one. The IMF - International Monetary Fund - has amassed 3,217 tons of gold.
So who - or what - is the IMF?
The IMF describes itself as "an organization of 185 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty". With the exception of North Korea, Cuba, Andorra, Monaco, Liechtenstein, Tuvalu, and Nauru, all UN member states participate directly in the IMF. Most are represented by other member states on a 24-member Executive Board but all member countries belong to the IMF's Board of Governors.
And do we know anybody on this "Board of Governors?
Secretary of the Treasury Paulson is our governor, and Fed chairman Bernanke is our "alternate" governor.
Surprise, surprise.
OK, a group of "governors", working to foster global monetary cooperation. Where do you suppose they got enough money to buy 3,217 tons of gold? Why in the world would they even want gold? These are the very people to have been pushing paper money - backed by nothing - on us for decades.
Working to "reduce poverty".
One thing for damn sure, they have been fantastically successful in reducing their own poverty... even if it's not with their own money.
Rats are showing up everywhere lately.
Seems that the same greedy bunch of characters are popping up from behind the scenes just about everywhere in this financial meltdown.
We are going to need a lot of rope.
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