OathKeepers copied an article in Zero Hedge which caught my interest…
After all, I’m interested in MONEY (even though I have none and am in serious debt), and in my mind GOLD equals money. I’ve no gold, either.
JPMorgan Is Selling The Building That Houses Its Gold Vault
On the surface, there is nothing spectacular about the weekend news that JPMorgan is seeking to sell its 1 Chase Manhattan Plaza office building. After all, the former headquarters of Chase Manhattan Bank, located deep in the heart of the financial district and which was built by its then chairman David Rockefeller, is a remnant to another time – a time when banking was about providing loans, not about managing and trading assets which has become the realm of Midtown New York, and since JPM already has extensive Midtown exposure with its offices at 270, 270 and 245 Park, the 1 CMP building always stood out as a bit of a sore thumb. Of course, as Zero Hedge readers first learned, the big surprise is literally below the surface, some 90 feet below street level to be exact, where the formerly secret JPM gold vault is located, which also happens to be the biggest commercial gold vault in the world.
It was only a month ago when we learned that JPM was planning to exit the physical commodity business, ….
Further down the page…
That’s right, ladies and gentlemen, as a result of our cursory examination, we have learned that the world’s largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world.
At this point we would hate to be self-referential, and point out what one of our own commentators noted on the topic of the Fed’s vault a year ago, namely that:
Chase Plaza (now the Property of JPM) is linked to the facility via tunnel… I have seen it. The elevators on the Chase side are incredible. They could lift a tank.
… but we won’t, and instead we will let readers make up their own mind why the the thousands of tons of sovereign gold in the possession of the New York Fed, have to be literally inches across, if not directly connected, to the largest private gold vault in the world.
You should go and read the whole article.
Now, I know little about the economy, but I do know that we are no longer on the gold standard, and that the government keeps printing fiat capital to pay it’s debts (Federal Reserve), and that the PRC is making serious moves to get the rest of the World off the American Dollar standard, and we owe them and Japan boo-koo monies and the Federal Reserve is a privately-held bank which has never been audited, and people Worldwide have been buying gold and silver at an alarming rate, and hoarding it for
if when the Dollar collapses. whew!
After you read the article, go and read the Ian Fleming classic Goldfinger.
Then figure out who is planning on becoming the richest man in the World. Hint: It’s not Soros or the Koch brothers.
Cui bono? (Who Benefits?)