Nobody seems to notice but last week has the Obama administration pushed a bill through the US House of Representatives approving 106 bln USD supplemental ‘security’ funding for Iraq and Afghanistan but attached to it was a 108 bln USD credit line to the IMF on condition that the American members of the IMF Board agreed with the proposed 400 tons of IMF gold. On a total of 3217 ton. On its balance sheet they are booked on the basis of the historical cost or 8.7 bln USD, while the market value amounts to 95 bln USD.
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