Sad but true things you see on the itnernet these days…

Generally speaking…..The West is selling or sold their gold. The East is buying. China and Russia are patiently accumulating gold. China will back its currency with gold when they have 4,000 tones, some say.

UK sold a boatload of theirs at the bottom. Hugo Chavez of Venezuela threw a parade after getting their gold returned. Germany wants theirs back, but it will take seven years to get some, not all of it back. Central banks allowed much gold to be leased out repeatedly, yet they still claim 100% ownership on their books, which accountants let them do. Otherwise Germany could have 100% of its gold back in weeks, not a fraction of it in years.

The recent parading of the Queen through the gold vault in UK was propaganda, as was the laughable “audit”, actually the Fed itself called it a “report” of the NY Fed’s gold.

Thieves steal $50 million in diamonds and it rightly gets front page exposure. Others act like thieves and print $85 billion a month and nary a whisper as the value of the US$ declines apace.

I meant to write one sentence, but just couldn’t stop. Like the guys with green ink on their hands.

And I agree with the comments above…why a surcharge to help the HoF? Ask the players and owners to “pledge” half of one percent earnings…I think that would do it.