Loaned, sold, gone - and doomed

Undaunted, I went on, "And at $800 an ounce, that 261 million ounces comes to a value of $209 billion! Hahaha! A lousy $209 billion! Hahahaha!"

At this, I stand up and address the other patrons of the bar, saying, "And already something like $8.5 trillion over the next years in new spending/guarantees have been proposed! Not to mention the original $700 billion in TARP scams and schemes already spent, and more hundreds of billions in bailouts of every kind every day!"

Really warming up to it, I bellow, "Hell, the projected federal budget deficit for next year alone is upwards of a trillion dollars, almost five times as much as the total value of all the gold we have as a nation! And this is just the budget deficit! Hahaha! We're freaking doomed!"

I took a long pull of my drink, and taking in the bar with one long baleful look, I ignored the bartender interrupting me with his insistent, "That's $6.50 for the drink, you moron!" but I continued, "And this assumes that all the gold is still there, but the work of GATA.org seems to indicate that up to half of it may actually be gone, as, for one thing, the fraudulent accounting practices of the central banks allow them to loan gold, so as to make a few bucks and manipulate the price of gold down and thus keep it from rising so much that people scream in fear at the inflation that the rise in gold's price is proclaiming, and yet they can still keep it on the books as being 100% owned! Loaned, sold, gone, but still owned! Hahaha!"

I realize, too late, that accounting was not the long suit of the audience, so I say, "The guy to whom you loaned your car turned around and sold your car, kept the money, and you still think that you have the car? Hahahaha!"

Again, there was no response from the crowd as, apparently, fraudulent accounting and outright theft of their cars is not going to get these people riled up. So I try a different tack, and I say, "The inflation that is eating you alive is going to get worse and worse, and the money and credit is already being prepared with the creation of more Federal Reserve Credit, otherwise know as Total Fed Credit, which leapt up a whopping $123.7 billion last week - in one week! - taking it to a record $2.241 trillion! And even this staggering amount can be multiplied by the banks at insane multiples with literally zero reserves!"

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