Curious news
From Tyler Durden at
Zero Hedge:
Did A Raging Fire Burn Down JPMorgan's Gold Vault?
Overnight there has been a flood of viral reports that 'there was a fire at JPM's gold vault' based on a self-made video showing a barrage of fire trucks located on Broad Street between Wall Street and Exchange Place, further substantiated additionally by a @FDNY tweet around 6:30 pm on Saturday which indeed confirmed there had been a "commercial fire in a vault."
As a reminder, it was Zero Hedge who broke the news in March about the location of JPM's vault, namely that it can be found 90 feet below street level at 1 Chase Manhattan Plaza (located over half a mile away on Liberty and William Streets). Which is relevant, because as the FDNY reports, and as the video clip below vividly confirms (with the Federal Hall National Memorial distinctly visible in the background), the fire response was focused on the area on Broad street between the New York Stock Exchange and what is now the 15 Broad Street block.
So did a sweeping fire "take place" (in broad daylight and in front of video camera armed streetwalkers) providing the fire brigade a pretext to abscond with JPM's gold on orders from above, or merely give JPM an alibi to say it's gold is "gone... all gone" or rather "burned... all burned" (leaving aside the propensity of a fire to propagate in the confined oxygen constraints to be found on top of the Manhattan bedrock and far below street level)? No. For the simple reason that 1 Chase Manhattan Plaza is over two blocks away from where the fire did take place as can be seen on the map below.
It will be curious to check the news stories tomorrow...
Posted by DaveH at July 21, 2013 3:02 PM
