BACK TO LORD BLACKHEATH AND ALL THAT EXTRA GOLD: ANOTHER SPECULATIONMarch 9, 2012
As most of you are aware, I've been fascinated for some time now with the stories of all the allegedly fake bearer bonds that seem to pop up every now and then. There was first the Japanese Bearer Bond scandal, involving some $134,000,000,000 in bearer bonds that were self-evidently faked. Well, one scandal might have been written off as being merely an odd episode on otherwise tranquil financial seas, but then mere weeks ago, another story broke in Spain about the seizure of more allegedly faked series 1934 U.S. Federal Reserve bullion-backed bonds in the trillions of dollars, and then, mere weeks later, a similar story broke in Italy, where again, bullion-backed bonds amounting to $6,000,000,000,000 were seized, in denominations of one billion each!
Now here's an interesting further take on this whole episode:
Now before we go any further, note some significant paragraphs from that article:
"Investors in the Far East have parted with huge sums of money to buy these bonds at 1¢ in the dollar. In June 2001 a US resident shot his wife and two children then turned the gun on himself after finding that these bonds, which he tried to encash at the US Bureau of Public Debt, were complete fakes.
"Invariably the bonds are contained in what looks like a metal box with a serial number and a key number. The seal of the United States is usually embossed on to box lid. Once opened, the box will contain the bonds (which have a peculiar creosote aroma), sometimes large and heavy yellow metal coins in denominations of anything from $100m - $1bn, a negative film roll and a supporting documents such as an international certificate of immunity.
"Although the Treasury Bonds are well presented, the fraudsters did not realise that the various Federal Reserve Banks have codes attached to them as follows:-
Boston: A; 1 Richmond: E; 5 Minneapolis: I; 9 New York City: B; 2 Atlanta: F; 6 Kansas City: J; 10 Philadelphia: C; 3 Chicago: G; 7 Dallas: K; 11 Cleveland: D; 4 St. Louis: H; 8 San Francisco: L; 12
"Some of the treasury notes have the incorrect seal code for the Federal Reserve Bank purporting to have issued the note. How did this happen? Quite simply, the fraudsters cut and pasted images of current $US currency into the bonds and they didn’t look too closely or they didn’t understand what the codes meant. On occasion, if you know where to look, you can see the remnants of the currency that they have tried to hide or cut in the process."
Now I find this intriguing: first, improper registry numbers on these falsified securities are such an obvious mistake that one wonders why anyone going to all the bother of concocting such counterfeits, and the strongboxes, would make them, unless they wanted the securities to be identified as frauds. As I blogged before, the vast sums, and the trouble the counterfeiters have gone to, suggests that the market exists, and that market can only exist if in fact there were similar legitimate securities possibly in existence.
But what I find more suspicious, indeed, highly suspicious, is the claim that one man, who had apparently tried to cash the bonds, allegedly murdered his wife and children, and then himself, because he discovered the bonds were fakes. Now this, my friends, I find totally implausible, or at least, my intuition is telling me so. The only reason that might make a man that distraught is if he had invested a vast amount of his personal money in the security to begin with. But we're given no such indication in this article. Rather, I think whatever this man turned up was somehow a threat to the whole operation (be that operation that of the original counterfeiters, or that of the genuine implied hidden financial structure).
Now as I blogged earlier on this website (see "Bonds, Bullion, Blackheath, and the Breakaway Civilization: A Speculation", March 3, 2012), into this very puzzling plot steps Lord Blackheath of Great Britain, a Tory peer in the House of Lords, who pointed out that there was a huge discrepancy between the official estimates of the world's gold bullion stocks, and what may actually be the case. Lord Blackheath suggested that the actual stocks may be much greater than reported, perhaps even as much as an order or two of magnitude.
So let's suppose, for the sake of argument that this is true, that the actual gold stocks may be as much as a magnitude of order greater than the public estimations of the same. What would this mean?
Well, consider this scenario: suppose the fiat currencies of the central bankers - from the dollar and Euro to the reminbi - collapse. There would be an immediate rush to bullion, particularly gold, which is already at record prices. Such a rush would drive prices up even further until...
....someone sitting on top of the "extra gold" were to dump it, collapsing bullion prices, and soaking up even more cash, which bullion could then be bought back at rock bottom prices... the value both of currency and bullion would be "reset"...
Ye olde plotte thickens...
...See you on the flip side.