The elites at war? Or is the USA just fudged?

[redrumloa]

Germany Wants Its Gold Back-Should You Worry?

Germany has almost 3,400 tons of gold, the world's second-largest holdings after the United States, valued at almost $177 billion at the end of December, according to the Bundesbank. It moved the bulk of its reserves abroad during the Cold War in case of an attack on West Germany by the Soviet Union.

News that Berlin wants to bring some of that gold back home is causing a stir, with Bill Gross, the managing director at bond giant PIMCO tweeting: "Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don't trust each other?"

Ric Spooner, chief market analyst at CMC Markets in Sydney told CNBC Asia's "Squawk Box," "Whether or not their action really does reflect a lack of trust in the Fed (U.S. Federal Reserve) is a moot point, but it is certainly likely to be taken that way by some sectors of the market. The general inference is that if there was a real debt crisis in the U.S., then they (German authorities) would feel a little more confident about having their assets at home."

Of course there is a debt crisis in the USA, only a blind/deaf/mute retard would think otherwise. Of course it has been manufactured, as elected officials transferred wealth from tax payers to their buddies (Solyndra, Golman Sachs etc). I don't think anyone should be shocked, nor should anyone think central banks are really at odds.

Bad times ahead and the sheep in this country are begging for it.

 

[JoBBo]

I don't think anyone should be shocked, nor should anyone think central banks are really at odds.

As the article mentions, the Cold War was the reason why the gold had been moved to the U.S. in the first place. The Cold War has been over for more than 20 years now. I think it is a perfectly reasonable decision to move some of the gold back so the percentage of gold stored outside of the country is more similar to the levels found in other countries.

I am fairly certain that this has absolutely nothing to do with America's level of public debt which, afterall, is only about 20 - 25% higher than in Germany (when measured as a percentage of GDP).

 

[FluffyMcDeath]

As the article mentions, the Cold War was the reason why the gold had been moved to the U.S. in the first place.

That and the fact that the US won the war. To the victor, the spoils. Germany is just demonstrating independence from US governance now that the US has weakened sufficiently.