That's an asset. Didn't make sense to me. I started looking at it because it didn't make sense to me and what does that mean?

How much gold did they have?

How much would that actually make the price of gold go down if they sold it. Well, something didn't seem right because the IMF can't sell it unless we say it's okay. A couple of things have happened since we started looking into this. We found that, yes, we do have the veto power. IMF can't sell it and why I was concerned is because if they sell their gold what do you buy gold with?

If you're China and by the way, that was the next step we found, China asked them to sell their gold. Well, how would China buy that gold?

They would buy that gold with U.S. currency. Not the Yen. They buy it with U.S. currency. Where would they get that currency?

Out of the trillion dollars that they have sitting in their reserve. That's their gold standard, our currency. We violated it. They know we're not good for the money. So they're taking their currency, U.S. currency and they want to buy up gold. Veto power, guess who's on the bandwagon to allow the IMF to sell the gold?

Found this out last night, Barney Frank. Barney Frank is leading a campaign now to allow the IMF to sell that gold. This morning, as I'm walking to work I said to Joe, Joe, this is what I would do if I were China. If I were China because there was another story in the paper today about our U.S. Treasuries. The Federal Reserve bank remember I told you we were now monetizing our own debt?

We were buying our own debt, we were buying it through the treasury, I'm sorry, through the fed. The fed said we'll buy it and you give us an IOU. You print the money and give it to us. We'll buy your debt, okay. We're monetizing our own debt. Well, it come out in the paper that now the Federal Reserve, which we can't really see their books, the Federal Reserve has bought $100 billion of our debt. They're about to spend another $200 billion of our debt. So we have now our debt not being sold to China, nobody will buy the 30 year treasury, nobody. We can't sell these things. So we're buying our own treasury. We're buying our own bonds. We're buying because the rest of the world won't. China has slowed dramatically down so I said, you know, if I were China, if I looked at this as my business, this is my life. This is my family's money, and I had all this money invested in a company that I thought was going to go down but I was one of their biggest shareholders and I didn't want to spook the market, here's what I would do, I would I would slow down my buying of that company's stock. I wouldn't shut it all off because I wouldn't want people to say, oh, my gosh, they stopped buying the stock. I just slow it way down, and I would say, look, I'm concerned. And I'm still buying some but I'm concerned about it. Then I would start taking some of the assets that I had from that company and I would start trading that which is our currency they hold. I would start taking that currency and I would say, hey, you've got any commodities over there. Why don't I buy some gold?

Can I buy some of your gold buying up gold mines, they're buying up commodities, the raw commodities like nobody's business of how much they bought in the last eight months. What are they buying?

They're buying it with our reserve currency. So they're slowly getting rid of our reserve currency. As soon as I got rid of the reserve currency, then I would start slowly getting out of the bonds. Well, what does that mean?

It means that giant inflation would come because our dollar would no longer be - there would be too many dollars from China and nobody would be buying the bonds. This is what I laid out this morning and then I find a story about a new war game that has just been done. This time, the Pentagon didn't do it with bullets, they did it with money. We lost and we lost to China. How did we lose? We lost the war game because the winning side was China. We lost the war game, it was an economic war game done by the federal government. What did they do?

Slowly sell assets of the United States and buy commodities. Exactly what they're doing.