Monetary Policy Subcommittee: IMF & Gold Pt. 1 - 06/23/11

Rep. Leutkemeyer questions The Honorable Eric M. Thorson Inspector General, Department of the Treasury, regarding gold holdings pledged to the IMF.

The focus of the hearing is on recent audits of U.S. gold reserves; challenges to conducting a full audit; and impediments to an accurate assessment of the US gold position, including any leases, swaps or other encumbrances placed upon the gold reserves; and also examine changes to the legislative proposal that will ensure a full and accurate audit, assay, and inventory of U.S. gold reserves.

Category:

News & Politics

Tags:

• Leutkemeyer
• IMF
• Gold
• Monetary Policy
• Congress
• Subcommittee
• Ron Paul
• Fort Knox
• Treasury
• Reserves
• Audit

[mit26chell]

Mr Thorson... what he's asking is 'WHERE IS THE PEOPLE'S EFFING GOLD!?' Quit trying to beat around the bush by intentionally muddying a simple question. ¿Dónde está el oro?

Thank youuuuu.

[ally4free1]

there is no gold

[Boomies559]

he doesnt want to answer the question. he says" i think what youre asking is.." a LOT and gives a different answer. he doesnt want to flat out say that the gold isnt there

[GregCV]

Thorson is employed by the people of the US, and is paid by the people of the US to work in their interests, however he evasive and apparently is not looking for the answers to the questions the American people want answered. I and my fellow citizens are his employer, and this employee of mine should find another job if he will not do this one. We cannot tolerate employing people like this that are not working in our best interests. Mr. Thorson, you should resign immediately.

[Justinloves23]

loving the ron paul bernanke video they should have a half and hour show where its nothing but ron paul asking ben questions cuz that look on his face is priceless!

[faheemza]

HAHA!!

Q: "We gave x gold to the IMF... Sooo is it there, or here?"

A: "Well..The answer to that is that there is no encumberances(SP!) on that gold..."

Q: So we don't have it here in a room somewhere?

A: Well... Someone has some certificates...??

[wagtec]

Federal Reserve is running a Ponsi scheme... period. The Gov works for the people, yet when the People demands accountiblity, all that is demonstrated is a bogus attitude. If any company was run in this manner or a student answered as these men, they would be deemed as incompetent. No one dares to do away with this reality. Is the Wizard of Oz really a Wizard or a Bluffer. These men play dumb, the should be interrogated using a lie detector. It's Club for insiders.

[damright4sho]

we didnt have gold since like 1935 this is ensyc with they great deppression and the start of social security smdh the people are forever fooled

[Gregory2062]

Bullshit !!



[btigtime2]

Audit Fork Knox and you will make this conversions a little more up to speed. There has not been an audit in over 50 years.

[a4finger]

so basically the US doesn't own any physical gold?

[KagarBeardtooth]

"...we do not BELIEVE that has occurred."

Wow.