Altes Elliott-Wellen-Forum - Re: Reality TV

Re: Reality TV - in Reinkultur!!!

verfasst von AndrÃ©, 29.04.2001, 22:02

> CHAIRMAN GREENSPAN. Did I hear you correctly when you said
> that the gold exports in October appear to have come from the coffers
> of the Federal Reserve Bank of New York? Has anyone looked lately?
> MR. TRUMAN. Well, I didn't want to tell too many secrets in
> this temple!
> VICE CHAIRMAN CORRIGAN. Obviously, we knew what happened to
> the gold, but I don't think we knew what it did to exports.
> MR. TRUMAN. What happens in the Census data is that the
> Federal Reserve Bank of New York is treated as a foreign country.
> [Laughter] And when a real foreign country takes some of the gold out
> of New York and ships it abroad, it counts first as imports and then
> as exports. HOWEver, the import side is not picked up in the Census
> data. So there you get the export side of it.
> MR. LAWARE. Great accounting!
> MR. BOEHNE. Great confidence building!
> MR. TRUMAN. That's because you haven't been filling out your
> import documents!
> MR. ANGELL. Let me run this by again. You mean a country
> owns gold and has it stored in the Federal Reserve Bank of New York
> and if they ship it out, that's an export?
>
> MR. TRUMAN. And in the balance of payments accounts it also
> counts as an import, so it washes out.
> CHAIRMAN GREENSPAN. The Federal Reserve Bank's basement is a
> foreign country. When they move it out of the basement into the
> United States, it's an import. Then, when they ship it out again,
> it's an export.
> MR. ANGELL. That makes sense!
> MR. TRUMAN. And sometimes when they sell the gold. it might be sold into the United States, so it
> should count as an import. It
> doesn't necessarily always show up as an export.
> MR. BOEHNE. That really clarifies it!
> MR. KELLEY. Does it have to get out of your vault at all in
> order to be considered an import and an export?
> VICE CHAIRMAN CORRIGAN. Well, I'm not even going to try to
> answer that. In this particular case I know what happened, so I think
> the description you have is correct.

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