Statements were concerning the so-called audit of the Fed’s New York gold. This is the final piece of the stunning written interview series which KWN has released today. Turk’s extraordinary audio will follow later today.
Today James Turk told King World News that the US Treasury has entered the gold war. Turk’s statements were concerning the so-called audit of the Fed’s New York gold. This is the final piece of the stunning written interview series which KWN has released today. Turk’s extraordinary audio will follow later today.
Eric King: “Chris Powell noted that they had not discussed the leases or swaps at all (in the so-called audit of gold at the New York Fed).”
Turk: “That’s really the important point. There’s no indication whatsoever that the gold isn’t double-counted, encumbered, pledged, swapped, hypothecated, re-hypothecated, or any of the other things that happens to gold in various assets these days….
“So, again, it’s just another failing in terms of what this report supposedly conveyed. And the fact that it did get broadcast around in the mainstream media the way it did, to me it just suggests that this is pure disinformation and propaganda.
It wasn’t an audit, it was just a report, and it was just a report of what the government says it owns in the Fed, but not actually going into the Fed. So to me the whole thing was just total rubbish.”
Eric King: “James, we recently had the Queen tour the Bank (of England) vault over in England. A lot of photos taken, a big show was put on there, another form of propaganda. So when you see this happening now in the United States at the New York Fed dealing with their gold, and this sort of just popped up out of nowhere, but this type of propaganda, this has to do with countries looking to repatriate their gold and trying to instill some confidence in the system that the gold is sitting there.”
Turk: “Yes, it clearly does, Eric. And I think your comparison to getting the Queen to actually tour the vault at the Bank of England is probably a very, very good comparison. As I said to you at the time when we spoke about it, ‘Why did they send in the Queen instead of sending in auditors?’
And here (at the Fed in New York) they didn’t send in auditors, they just did a report of some paper at the Treasury’s office. So, again, don’t necessarily believe what you read in the newspapers. You really have to look behind the facts to make a determination as to what the picture truly is.