Flashback: 9/11 and the gold in the NY Federal Reserve
With reports that Germany can’t get back much of its gold stored in the NY Federal Reserve, I remembered what I was writing just after 9/11.
Here are a few quotes. Most are from my posts on 9/11 and 9/12, 2001:
“Still no word on the condition of the NY Federal Reserve Bank, which is 2.5 blocks away from the destroyed WTC. This bank, underground, holds $75 billion in gold from [about five] dozen countries.”
“CNN has a large map posted today, which shows the condition of a number of buildings by name in the area, but, curiously, the NY Fed Reserve is not one of them.”
“And now that workers are going down underneath the remains of the WTC, where $100 million in gold is admittedly stored (Reuters), we have no word on the condition of that gold, either.”
“Yesterday, I brought up the issue of the gigantic fed gold reserve stashed underground 2.5 blocks from the WTC. And mentioned that no press accounts were covering damage to nearby buildings. Which I find odd.”
“Here is an account from [a reader] on the ground in NYC, as of an hour ago. ‘It seems like we are getting the same limited [TV] shot on all networks…kind of a tight angle shot of damage of the base of the towers…no shots of damage to nearby buildings, including the gold reserve building. No one knows anything because the whole island [of Manhattan] has been shut down below 14th St. Camera crews not allowed to wander. If you live below 14th St. and you leave your apartment you need identification in order to get back in.’”
“The WTC took up several blocks in lower Manhattan. From the Liberty Street side, it is about 2 blocks to the Fed Reserve Bank of NY, at 33 Liberty St. Under the Bank, 5 levels down, in bedrock, is the $75 billion in gold.”
“The NY Federal Reserve keeps a facility for storing gold in NYC. It handles the gold reserves of about five dozen countries. $75 billion in a vault. About 1/4 of the world’s gold supply. At least, that’s the Fed Reserve press release on this, from 1999. This vault is located close to the WTC, where the towers fell. Is it [the vault] buried? Is the vault open? Anyone see Die Hard 3? A gigantic terrorist ‘diversion’ leading to the theft of all the gold in the vault.”
In the days following 9/11, I also wrote that there were no reports or video of troops guarding the NY Federal Reserve building. This was very curious. 75 billion in gold and no troops present? Nor have I found any video from that time, later posted on YouTube, showing troops around the Fed Reserve.
There is debate about whether a tunnel existed connecting the basement of the old WTC and the basement of the Federal Reserve. A 2010 piece at Cryptomeindicates (with photos) that, during the post-9/11 WTC cleanup, an old railroad tunnel between the WTC and Fed Reserve basements was uncovered. (Diehard 3 featured such a tunnel and track.)
Was the Fed Reserve gold taken away after 9/11?
Or had it been taken before 9/11? Perhaps long before.
Clearly, in the immediate wake of 9/11, there was a concerted press effort to omit or limit mention of the Federal Reserve building.
On March 2, 2013, Tyler Durden, writing at zerohedge.com, in Why Is JPMorgan’s Gold Vault, The Largest In The World, Located Next To The New York Fed’s?, reported his finding that “the de facto largest private gold vault in the world [is] located across the street [from the NY Federal Reserve building] 90 feet below 1 Chase Manhattan Plaza.”
This private vault, at the same level as the NY Fed Reserve vault, could front right up against it.
The private vault belongs to JP Morgan Chase. It is larger than a football field.
Under circumstances deemed “essential,” it would appear to be easy to transfer an enormous amount of gold from the Fed Reserve to JP Morgan Chase.
Silverdoctors.com reports that a US Treasury Dept. audit of all US gold reserves inadvertently exposed a total figure of 466 tons, far less than previous claims of 8,133 tons.
Anyone trusting that US-held gold reserves are safe and sound needs to examine his own head.