RUSSIA DOES NOT ANSWER QUESTIONS ABOUT ITS GOLD RESERVES
Well folks, in the ongoing meltdown in Europe, and with Germany quietly insisting that it;s own overseas holdings of gold be repatriated, we have this story courtesy of Lars Schall in Germany:
Central Bank of Russia refuses to comment on gold questions
All this raises some profound questions about what is really going on. Why, for example, are the world's central banks beginning to call in their gold reserves? After all, we've seen India recently make such calls, and Germany's calls for repatriation of their reserves, and some time before that, Venezuela's. Leaving aside any possible speculative connections to the bearer bonds scandals and the possibilities they raise of hidden tiers or systems of finance, what might this portend?
Though I am no financial expert by any means, one thing seems rather obvious, and that is that these moves may signal not only the unease the central banks feel towards the economic situation in the world, but also a coming "currency war," and perhaps a quiet and subtle move to return to some sort of modified gold standard.
What gives me pause here is precisely that last point. There are those who argue that a return to a gold standard or some sort of modified gold standard would be a good thing, yet, most of the gold in the world is held by these central banks, allowing them to manipulate prices of gold. IN short, to manipulate the value of money, if such a return were ever to occur, and that is the system we have now.
There is an historical problem as well, one noted by Dr Carroll Quigley in his massive study of the twentieth century, Tragedy and Hope, and that is that World War One was the key behind the collapse of the gold standard, for borrowing and credit during that war greatly expanded beyond the ability of the reserves of the combatant nations to keep pace. In short, the value of money declined drastically during the war. Without World War One, there would have been no Bretton Woods agreement during World War Two, no Bank of International Settlements, nothing.
Russia's move here is no different than any other central bank, but it may represent something more as well, namely, the geopolitical realignment taking place before our very eyes. In any case, the situation surrounding the world's gold reserves deserves careful scrutiny and monitoring..... gold bugs take note.
See you on the flip side.
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“In any case, the situation surrounding the world’s gold reserves deserves careful scrutiny and monitoring….. gold bugs take note.” — JPF
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http://www.gata.org/node/7997
http://www.marketskeptics.com/2011/12/gold-manipulation-and-naked-short-selling-are-one-conspiracy.html
http://nymag.com/daily/intel/2012/06/jamie-dimon-wears-ballsy-potus-cufflinks-again.html
Dear Dr. Farrell,
My take on the gold question is that gold has always been used as the standard of wealth since the beginning of time, as was/is silver. It is just my hunch that if the Annunaki really existed and needed gold to revive and protect their planet`s atmosphere, then that would also lend creedence to my theory that aliens have been in cahoots with the big boys of planet Earth since time immemorial. That`s another reason gold is, and always has been, so valuable. Gold in exchange for technology for example. Keep up the great work Dr..
Hammer
Doc Farrell hasn’t gotten me interested in alchemy yet, but gold from copper,
now that sounds interesting.
Help me one of you chemists. How would that be pulled off?
The books have melded together in my addled brain but didn’t one of
the Farrell books have a few chapters about a guy making gold from
his top soil? Well, maybe not.
I thought the U.S. central banks were fresh out of gold and couldn’t repay
in gold plus 4% from 1960 and that is the reason for the liens we’ve
been reading about over on Wilcock’s site; and that’s why this fellow named Neil Keenan filed a $6trillion law suit?
But I’m just guessing. I wonder how the U.S. is making its silver because it seems to have some shrinkage over a short period of time. I checked my
silver stash this morning and it came up 19 ounces short. Oh well, I’m a card carrying dementia case anyway and have the scores to prove it.
That’s why the VA pays me the big bucks. I swear SAC spiked the beer over at the O club with mind scrambling something.
Copper, huh? Interesting.
Never mind.
Anything can be changed into
anything else, but it’s physics, not chemistry.
I bet that’s the problem with setting a ‘standard’
for a true monetary economy.
Anyone care for a gold surplus?
Well, the financial speculation is all well and good, but isn’t the obvious answer that the Annunaki are coming back, some politicians know about it, and only countries with gold and other precious metals available to bribe/pay the Annunaki will be able to participate in that new world?
Yeah, “obvious”, not.
And many see such claims as an obvious distraction, along the lines of: Since the world is ending…Or science “proves” that the second law of thermo dynamics is universal therefore…Or well of course humanity was simply programed to be enslaved by….
Who survives in the end?
Survival is a rare thing, far too valuable to be entrusted to free will.
The machine …it lives for ever and ever.
There was also a mention on Alex Jones site two days ago about an article by the Chinese News Agency about gold flowing into China in preparation of a move to a modified gold standard.
Schall looks like misdirection. It’s very likely Russian energetics science knows how to make gold in quantity from copper. Why would the Russians disclose government gold holdings then?
(Now that I have not used the term synonymous with gold insect to describe Schall, will the “auto” “spam” detection and denial software let this comment pass?)