Lots More Chatter About Auditing Ft Knox

 What if the world finds out that America has no gold?  Would the faith and confidence that upholds the US Dollar take a hit?  Or do the folks who run the global monetary systems already know that there is very little gold in Ft Knox?

As we have written many, many times America got the keys to possessing the world’s ONLY reserve currency 80 years ago after winning WWII and because we had captured all the gold.  Our money was backed by gold and we promised to print only $35 of paper for every ounce we had a Ft Knox.  That promise lasted less than 30 years.

Today our money is backed by faith and confidence and also the promise by Saudi Arabia to sell oil using U.S. dollars, hence the “petro-dollar”.

One day the US Dollar will collapse.  We don’t know when that day is but the world will shake when it does.  For that reason we think the rapture will be the dynamite that destroys the US financial system.  Articles like this remind us of how quickly the value of our printed, paper money could fly away.

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One of the biggest questions over the past 50 years is whether the gold at Fort Knox, Kentucky is really there, or if it's been plundered.

What we do know is that the last 'audit' of America's gold stash was conducted on Sept. 23, 1974, when the US Treasury opened just one of its 15 vaults at Fort Knox so politicians and reporters could swarm the site for a two-hour photo-op with roughly 6% of the alleged amount held. Adding to the complete farce, none of the bars being passed around for the cameras were matched to a serial number, assayed or tested for purity, or even verified as US holdings - as foreign countries have previously stored their gold at Fort Knox as well.

Since then there has been no independent verification of the roughly 4,580 metric tons supposedly held by the Treasury outside of bullshit annual 'vault seal checks' that don't actually analyze the gold (oh, and they've 'lost' seven of those) - various efforts have been raised to audit Fort Knox - most recently in 2021, when Rep. Alex Mooney (R-WV) introduced (now-dead) legislation to audit America's gold holdings with a full assay, inventory, and audit of all US gold - which would include a full account of gold transactions undertaken by the US government. 

In 2010, former Libertarian Rep. Ron Paul called for an independent audit of Fort Knox.

"It'd be nice for the American people to know whether or not the gold is there," Paul said at the time.

Activate Agent Big Balls

With Elon Musk's team at DOGE - including a gent who goes by the name "Big Balls" - investigating government-wide waste, fraud and abuse, we thought it might be helpful to point them towards Fort Knox...

https://www.zerohedge.com/political/lets-do-it-rand-paul-supports-fort-knox-physical-audit-after-zerohedge-suggestion-goes