A Red-Alert Threat to the Regime

“As part of positioning for the Presidential election of 2012, a bill to audit America’s gold could play havoc with the Federal Reserve. The bill will not be seen as an audit of the FED’s operations in general – only an audit of America’s gold, which has been justified by the FED in its supposed capacity as a trustee. It is the issue of the FED as trustee, not the FED as a lender, that will be the heart of the audit… Any attempt by the Federal Reserve to argue that it must not allow the United States Congress to see if there is really any gold in its vaults is going to be a very difficult public relations exercise. ”
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