Ed.'s note: Steven Mnuchin at the US Treasury says the "$100 bills are in bank vaults around the world." That is B.S. and we'll call it that. Anyone smart enough to have that much money are not going to leave their assets in electronic blips on a damn computer, they are going to remove their cash from the banks. JP Morgan claiming this cash is in their banks is also B.S and they need to be audited with all serial numbers checked. Again, where is the money? This hole thing is about "infinity money." The fed can crank out billions a week and will continue to do so taking into consideration these banks don't trust each other. When these banks start collapsing and if you have cash in them, it's lights out. As of this moment the
banks need $430 billion RIGHT NOW in order to avoid collapsing. There are more $100 bills in circulation (see chart in article) now than there are $1 bills. If the US congress were really doing their job, and they aren't (congress has no credibility; their job is to entertain), they could end the Federal Reserve in the blink of an eye to destroy this "infinity money" insanity. Then we have to take into consideration the fed might be planning to introduce a new currency and if they do this might force all this "dirty" money out. We can only hope that if this is the plan this new currency is
not gold backed. Is this what Mnuchin is covering up? The
gold standard is the banker plan.
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Source:
Zero Hedge
by Tyler Durden | Monday, 12/23/2019
Last week we reported that something strange was going on at the same time that central banks are
injecting $100 billion each month in electronic money to crush volatility and ramp markets: a similar amount in physical currency and precious metals was literally disappearing.
The mystery, in a nutshell, was as follows: while banks are printing more bank notes than ever, these seem to be "disappearing off the face of the earth" and nobody knows where or why, or as the WSJ notes, "central banks don't know where they have gone, or why, and are playing detective, trying to crack the same mystery."