Fort Knox Full of Chocolate - Secretary Geithner in the Hot Seat
---- WASHINGTON, D.C. ----
Until today nobody doubted the U.S. Bullion Depository at Fort Knox, Kentucky held more than 5,000 tons of gold.
But this morning, Treasury Secretary Timothy Geithner admitted the Depository is just full of chocolate bars.
"There wasn't going to be a 'right' time to announce this" confessed the Secretary. "We hoped chocolate would be a reserve currency before we had to."
Fortunately, the Federal Reserve Bank of New York holds an even larger stockpile of gold weighing almost 8,000 tons, much of it held in trust for foreign nations.
That Bank's president William Dudley assured world governments "The Nestle Crunch is yours, right France?"