Why Does Germany Not Trust The FED With Its Gold?

{Editor’s Note: This is the 5th installment of a series of articles attempting to address the 32 questions posed by Ron Paul in his recent farewell speech given in front of Congress. Check out the previous installment, “Why Are Americans Not Allowed To Use Gold and Silver As Legal Tender?”}There has been rising sentiment on an international level that the world's reserve currency, the U.S. Dollar, is no longer safe. To provide brief background on this, it was agreed upon that a "stable" currency would be used globally  as a standard for international trading, which could be traded for its value in gold. Prior to 1944, this was the British Pound Sterling, but after the war the Dollar took over.  And in 1971, Nixon closed the gold window, no longer allowing foreign banks to exchange their dollars for gold.  The U.S. Federal Reserve however, does still theoretically store gold for many foreign central banks.The United States' fiscal policies, including money printing on unprecedented levels, paired with the decline of American dominance and the rise of the BRIC nations have spurred backlash against US Dollar as a reserve currency.  This turn has also shaken faith in the US as a trustworthy guardian of other nations' physical gold reserves.Why is Germany concerned enough to consider repatriating their gold held by the FED for her in New York? Is it that the trust in the U.S. and dollar supremacy beginning to wane?As the U.S. continues it's policies of printing money to support bailouts, a global military empire and the failing Kenysian economic approach, it is devaluing the U.S. Dollar every day. This, to put it plainly, is not exactly improving the mood of all of the countries that hold our debt (in U.S. Dollars), as their investment is yielding shrinking returns. This has sparked discussions, again primarily between the BRIC nations, to replace the Dollar in their business dealings, threatening the Dollar's status as the reserve currency and the solvency of the Dollar itself. China and Russia have already resolved (in theory) to use their own currencies when trading. Should other nations adopt this approach, or turn to another currency (the Euro was a prime candidate before the recent economic turmoil), the dollar would completely collapse.Why would this worry necessitate a German repatriation of its gold? Simple: the Germans don't trust The Federal Reserve to actually still have their gold. It's been challenged by Ron Paul himself that the U.S. government has as much gold as it claims in Fort Knox, and even called for an audit in 2011. That audit isn't likely to happen, but if one of our own Congressmen is questioning our reserves, why would our allies not?The concern is that America, mired in the deepest depression in the past 80 years following decades of failed monetary policy, would turn its eyes to the deposits that it is supposed to be holding safe for other nations now, assuming that we could be able to pay it back later when economic times are more favorable. Thus, Germany's demand to see their gold - a request which was denied first due to a "lack of anterooms" and then due to "national security." Would it be any surprise under these circumstances for Germany to demand it's gold deposits, which rest (in theory) in the 5th sub basement under the NY FED?Would any average American allow a bank to keep all of their valuables inside it and then take it in stride if that bank refused to allow them to see it? If you were told Grandma's wedding ring was very safe, would you take their word for it? Highly doubtful.At present, Germany is taking a political stance to this affront, quoting that they have full faith that the gold is there...but as our debt deepens and our economy continues to decline we'll see how quickly that changes.Receive access to ALL of our EXCLUSIVE bonus audio content – including “Conspiracy Corner”, “Degenerate Gamblers” and the “League of Liberty Podcast” by joining the Lions of Liberty Pride and supporting us on Patreon!