Who Has Claim to the People's Gold: U.S. International Reserve Position

Whaaa? Scroll down & see that we're "swapping out" our gold! What does that mean: "if appropriate"? To my mind it is never appropriate! Believe me, a gold reserve of 8,171 tonnes is skimpy when stacked against the billions of fiat notes the Fed has printed. Come to think of it, I recall seeing Gold Certificates on a Fed financial statement. Are those Gold Certificates redeemable for the people's gold shown on the statement below? How can a private cartel like the Federal Reserve hold claims on our national treasure? We need an independent physical audit to straighten out this accounting chicanery!

And then, only another paltry +$68 billion in foreign currency? That's diddly-squat. No where near adequate enough to defend our dollar. All of which means we have to go to our knees and beggar thy neighbor.

You can begin to see why we never rattle our nuclear missile saber at Red China! Like any bully does, we'll confine our prey to the ne'r-do-wells like Iran, thank you very much. Communist good. Islam bad.

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October 15, 2007
2007-10-15-14-13-12-20204

U.S. International Reserve Position

The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $68,519 million as of the end of that week, compared to $68,589 million as of the end of the prior week.

I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)

	October 12, 2007
A. Official reserve assets (in US millions unless otherwise specified)	Euro	Yen		Total
(1) Foreign currency reserves (in convertible foreign currencies)				68,519
(a) Securities	13,777	10,840		24,617
of which: issuer headquartered in reporting country but located abroad				0
(b) total currency and deposits with:
(i) other national central banks, BIS and IMF	13,788	5,339		19,127
ii) banks headquartered in the reporting country				0
of which: located abroad				0
(iii) banks headquartered outside the reporting country				0
of which: located in the reporting country				0
(2) IMF reserve position	4,453
(3) SDRs	9,280
(4) gold (including gold deposits and, if appropriate, gold swapped)	11,041
--volume in millions of fine troy ounces	261.499 (8,171 tons...added by CV))
(5) other reserve assets (specify)	0
--financial derivatives
--loans to nonbank nonresidents
--other
B. Other foreign currency assets (specify)
--securities not included in official reserve assets
--deposits not included in official reserve assets
--loans not included in official reserve assets
--financial derivatives not included in official reserve assets
--gold not included in official reserve assets
--other