U.S. Border Patrol to demonstrate new tunnel robots

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Five Israeli soldiers wounded in Gaza during operation to destroy tunnel.

A firefight broke out overnight between IDF forces and Palestinian terrorists along the Gaza border. Please pray for healing and comfort, and for calm to be restored on the border.

“Five Israeli soldiers were wounded in an attack late Thursday while on an operational mission to destroy a tunnel dug by Palestinians in the Gaza Strip,” reports Haaretz. “The force was taking part in a joint operation by the Golani infantry brigade and the Combat Engineering Corp to destroy a part of a tunnel network discovered in the southern Gaza Strip last month. In the course of the operation, an explosive device was detonated against the soldiers, wounding five, a statement from the Israel Defense Forces Spokesperson’s Unit said.”

“One of the five sustained serious wounds, another was moderately wounded and the three others sustained light injuries,” noted Haaretz. “They were all evacuated by helicopter to the Soroka Medical Center in Be’er Sheva for treatment and their families were notified. The seriously-wounded soldier was operated on overnight, while the others — one of them a lieutenant colonel – may require surgery at a later date. In response to the attack, the troops opened fire at terrorists identified nearby, the IDF statement said, reporting that hits were identified. Hamas said one Palestinian was killed in the incident and another was wounded. Later, the Israel Air Force bombed another tunnel in the southern Gaza Strip, which, according to the Israel Defense Forces, could have been used to carry out a terrorist attack in Israel. The IDF reported that it identified that the target was hit. Hamas said three Palestinians were killed in this attack.


Joel C. Rosenberg’s Blog

AUDIT THE FED, INDEED: Revealed – JPMorgan Gold Vault Linked by Underground Tunnel to the Vault of the New York Fed

One of the most unconventional — and effective — financial reporters operating today is Tyler Durden of Zero Hedge. Among the first to call attention to Wall Street’s HFT (“High Frequency Trading”) crooks that give certain institutional investors guaranteed advantage over retail traders, Durden today has another blockbuster scoop.

When two weeks ago we exposed the heretofore secret location of JPM’s London gold vault (located under the firm’s massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the “old world”, it is New York that the biggest private wealth of the past century is concentrated, and it is also New York where the bulk of the hard assets backing the public money of the world’s sovereigns are located, some 80 feet below ground level in the fifth sub-basement of the New York Fed, resting on the bedrock of Manhattan.

That the topic of the gold “held” by the New York Fed – historically considered the gold vault with the largest concentration of gold bars in the world – has become rather sensitive, in the aftermath of the Bundesbank’s request to repatriate it… is an understatement. Yet in the aftermath of some of the revelations presented here, we believe quite a few other countries will follow in Germany’s footsteps for one very simple reason: suddenly the question of whether their gold is located at 33 Liberty, or just adjacent to it, in what we have learned is the de facto largest gold vault in the world, located across the street 90 feet below 1 Chase Manhattan Plaza, doesn’t appear to have a clear answer…


[Although JPMorgan asked the CFTC to guard the vault’s location from Freed of Information Act (FOIA) requests,] the FOIA request letter itself, while also being filed with a request for Confidential Treatment, never got it. As a result it was posted at this address. Ooops.

But a far bigger oops, is that on the first page of said declassified confidential FOIA app, in black ink, we get the missing piece:

In addition, the Exchanges are providing the Commission with the application summary of requirements for the JP Morgan Chase Bank N.A. facility located at 1 Chase Manhattan Plaza, New York, NY.

And so, despite the extended attempts at secrecy, we finally hit the proverbial goldmine vault…


…That’s right, ladies and gentlemen, as a result of our cursory examination, we have learned that the world’s largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world.

At this point we would hate to be self-referential, and point out what one of our own commentators noted on the topic of the Fed’s vault a year ago, namely that:

Chase Plaza (now the Property of JPM) is linked to the facility via tunnel… I have seen it. The elevators on the Chase side are incredible. They could lift a tank.

… but we won’t, and instead we will let readers make up their own mind why the the thousands of tons of sovereign gold in the possession of the New York Fed, have to be literally inches across, if not directly connected, to the largest private gold vault in the world.

We think readers can do a good enough job on their own.

Gentlemen, start your repatriations!

Hat tip: The invaluable BadBlue News Service.

Doug Ross @ Journal