GOLD, BEARER BONDS, AUDITS, SPECULATIONS, AND REALLY WILD SPECULATIONS ...
May 20, 2012 / /
Joseph comments in this series of vidblogs about the following articles, various scenarios out there including the "White Dragon" scenario, and offers his own wild speculations:
Germany to Review Bundesbank Gold Reserves in Frankfurt, Paris, London and New York Fed
Indian central bank challenged in court to repatriate country's gold
Posted in Babylon's Banksters, Transhumanist Scrapbook
16 Comments
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Lost it of course because it is too valid maybe.
Of hostile takeovers and buyouts through
debt balanced against assets.
[I was kidding around, but my “network” didn’t like it.]
Amount aside, anyone can buy a country the same way.
I had to split post and condense.
The original was really a nice piece of writing.
I would like “speculative” replies please.
It must be an old and famous scam for Thomas Jefferson to have warned us about it. Although someone somewhere commented that Jefferson never said this particular qoute. Never checked into it for regardless of who said it it appears accurate for we are becoming homeless and penniless in the land our forefathers won to bankers and corporations.
Jefferson?
No, I didn’t get the ‘idea’ from Jefferson.
It just seemed to me that the Japanese were trying to do it
for years after the War, but as we got further into debt,
they couldn’t afford to buy US[A]
In business it’s done all the time, of course, and some
think the US is more of a corporation or business
than a soveriegn country.
In reference to gold reserves:
Austria also wants to see its foreign gold reserve at home.
http://www.blu-news.org/2012/04/12/osterreicher-wollen-gold-zuruck/
In this article they say that the problem not only is that the gold reserve is abroad and in any case of need there could be problems to get it home (in the indian case they say it bluntly: in a case of war between england and india it would be doubtful if the british part would hand out the indian gold reserve to india). There is also the problem that they don’t know the real amount of there gold assets because the central bank balances don’t specify if it’s real gold or a kind of bond (the german word is “Goldforderung”, I’m not sure about the right traduction).
In this article they explain also an interesting trade with gold: Gold can be leased by one bank from another bank, for a little interest on it (1 – 2 %) and the been sold, I imagine a kind of bond.
The german case is worse than 60 % abroad: It’s 66% in New York, 21% in London, 8% in Paris and only 5 % in Frankfurt, the “initiative to bring home the german gold” says:
http://www.gold-action.de/initiative.html
The main argument of this initiative is that germany would need its gold reserve at home to back its “new euro” or “new D-Mark” in case of the euro collaps.
It’s interesting to see the answer of the german central bank, when asked by the german parliament budget committee to give evidence of the gold assets abroad:
(According to Frankfurter Allegemeine Zeitung/FAZ http://www.faz.net/aktuell/wirtschaft/konjunktur/goldreserven-skurriler-streit-ueber-pruefung-des-goldschatzes-11751394.html)
„Der vom Bundesrechnungshof gewünschte Prüfumfang entspricht nicht den Usancen zwischen Notenbanken“, (more or less: “The required proces of verify the gold assets is not ‘usance’ between central banks”)
This means: you the people (parliament/pleb) don’t know how to behave like nobel finance elite. Between gentlemen you don’t control your “partner” if he’s cheating you.
and: „An der Integrität und der Reputation dieser ausländischen Lagerstellen gibt es keinen Zweifel“ (“There’s no doubt about the integrity of the depots abroad”)
This means: The Bundesbank converts their gold reserve in a kind of fiat money. They say: We believe our central bank partners and we want you to believe us.
and, to calm down doubts, “Das Eigentum an den Barren bleibe durch die Verwahrung bei den Partnernotenbanken unberührt und begründe ein insolvenzsicheres Recht. Für Rechte Dritter beständen keine Anhaltspunkte. Darüber hinaus genieße die Bundesbank als Notenbank einen besonderen Immunitätsschutz und damit auch Schutz vor Vollstreckungsmaßnahmen.” (I understand here: There are no “rights of third parties” to commandeer or enforce a claim on the german gold. (in opposition to what Jim Rickards commented about possible FED plans).
Conclusion:
On the one hand it’s clear that there’s more and more pressure on the British and American central banks, to evidence or even give back the foreign gold assets.
On the other hand we see that the Bundesbank for some reason doesn’t show many interest in getting these evidences from their partners in open opposition to the german parliament.
The Bundesbank declares that the part of “paper gold” in its balance of gold asset is in the realm of one-digit.
Goldreporter.de
http://www.goldreporter.de/bundesbank-gibt-erstmals-details-zum-papiergold-anteil-der-goldreserven-bekannt/gold/1456/
“Die Goldforderungen umfassen insbesondere verliehene Goldbestände sowie Sichtguthaben bei Geschäftspartnern. Der Anteil an Goldforderungen liegt hierbei höchstens im einstelligen Prozentbereich“, teilte uns Bundesbank-Kommunikations-Mitarbeiterin Susanne Mehldorn mit.”
“The claims on gold (Goldforderungen) comprehend specially the leased gold assets as well as the “assets of sight” of commerce partners. The part of the claims on gold is in this case at most in the one-digit realm”, informs the responsable person for Bundesbank-communications, Susanne Mehldorn.
Remember earlier the Rothchildes abandoned London as their center of power and transfered leadership to France I believe. The London family anounced their intent to re-establish themselves in India, a BRICK nation. Just more of the same folks just different locations and a change of identity as they allow the old fallacy to become the fall guy and take the heat from past crimes. Don’t you love the concept of the Corporate entities that they hide behind. The corporate entity takes all the blame and penalties while the real human perpetraters get off scott free by abandoning the old to sucker underlings and adopting a fresh slate and new identity to hide behind for themselves.
Sometimes I wonder about the “human” front as well. The “Rothchildes” may be at the center/or is it a meme, a “wetiko”, if you will, of “ancient origins” ?
Whatever it is, it is certainly deadly
…and; yes, – sinister beyond belief.
That’s my understanding also. The French branch of the Rothschilds has taken over leadership of the family with David at its helm, who I have more respect for than the Londoners. That’s not to say they are a bunch of choirboys, but David has banks and investment houses all over the world and is a lot more responsible in the banking industry. No doubt he’s bought many politicians but everyone buys politicians and have done so for millennia. Also, the French bank was nationalized some years back so they may be a little more sensitive to the banking issues of today. I would not put the big banks in this country in the same class regarding sound investing or sinister activities.
Evelyn, the former head of the family in London, and his latest wife are investing heavily in India, I think in clothing primarily.
db
Hi Don B, I think the article I read mentioned an interest in investing in agriculture in India as well. Worked for many a wealthy family back when I was a tile man specializing in marble and natural stone. Be in their homes for months on occasions and had many an interesting conversation with all types of successful people includeing a few politicians. Some were fascinateing personalities others snakes but the most successful ussually were the freindliest. Right now things are way out of ballance and in my opinion many bad calls on how to fix things are being made. Exciteing times coming up and an opertunity exists from all factions poor and rich to move the planetary cultures in a better direction or a worse direction. But too many factions poor and rich seem intent on makeing it a violent process instead of a peaceful referendum where all sides offer ideas for the future and get an equal oppertunity to help shape a better future for us all.
Hi Awake,
“the Rothchildes abandoned London as their center of power and transfered leadership to France I believe.”
really?- from where do you have your info?- so WHERE in France?- “sur la ponte Avignon”, etc.?- I somehow don’t think so-
“The London family anounced their intent to re-establish themselves in India”-
right- and I shot Kennedy, invented the wheel and will provide air conditioning for the despicable Rothschilds at their beach resort on the Ganges-
how I love shills…
:
Hi LSM, takes one to know one I guess. Only mentioned what I read about them in an article. As far as it ‘s accuracy, well do the research and find out and report back here with the link.
“Well, here’s another nice mess you’ve gotten me into”
Laurel & Hardy
At the very center of this web of deep deception is the enetity that has been orchestrating tthese & other deceptions for …too damn long.
I can only hope that those close to it, are more deadly in their intent for liberty, than for those proverbial pieces of silver and/or illusionay “power”.
More precisely, for the people, as a whole, to become the masters of money & power/rather than her slaves.
Could these moves be in anticipation of the meetings of the BRICS countries to get an alternative banking system/currency started that would operate outside the IMF/WB/FED system?