Ok...I admit it: I'm something of a "gold bug" in that I've been following all these weird stories on this website about the discrepancies in the stated amount of the world's gold (thank you, Lord Blackheath), the even weirder stories about all those fake gold-backed bearer bonds and currency counterfeiting, and more recently, the moves of various nations to repatriate their gold reserves from the vaults of the  Federal Reserve to their own countries. Beginning with Hugo Chavez of Venezuela, the movement quickly spread to India, and, of course, to Germany, which supposedly has over three thousand metric tons of gold reserves.

Now we can add yet another bizarre "fact" into this growing mountain of bizarre "facts", reported by independent German journalist Lars Schall (and please bear in mind folks, I am in no position to "vet" Mr. Schall or nor any agendas that may be afoot behind the political scenes in Germany, but nonetheless, think it significant enough to pass along for you to make up your own minds about):

Exclusive: Fed Memorandum related to Gold Price Suppression in French and German

The actual PDF of the memorandum can be found here:

Fed Chairman Arthur Burns to President Gerald Ford

While there were many statements in this memorandum that caught my attention, there were two in particular that stood out. Number one:

"Fourth, a large measure of freedom for governments to trade in gold at a market-related price may easily frustrate efforts to control world liquidity."

And number two:

"...some other European countries(most importantly, the Germans and the British), are unlikely to participate with the French in a European, go-it-alone policy on gold. I have a secret understanding in writing with the Bundesbank -- concurred in by Mr. Schmidt -- that Germany will not buy gold, either from the market or from another government, above the official price of $42.22 per ounce. Second, there is in my judgement a reasonably good chance of a 'successful' negotiation in Paris next week, even if it proves impossible to win French acceptance of individual country gold ceilings and other aspects of the U.S. position on gold issues."

Now, connect the dots here: (1) the Fed was opposed to market driven gold trade as this would "frustrate efforts to control world liquidity," and as part of those efforts, the U.S. wanted to tell everyone else how much gold they could actually hold, and the British and the Germans were apparently at that time, in support of this policy as the opposing policy would have favored a (3) European go-it-alone policy.

In the light of what has recently happened in Europe, with German insistence on other nations collateralizing their gold reserves (and now, their national treasures) as backing for Eurobonds, and German calls for repatriation of its gold currently in the Federal Reserve, it would appear that another effort is being made for another "go-it-alone" policy.

Which brings us back to that pesky Lord Blackheath and those pesky bearer bonds stories. Why would the US seek ceilings on individual nations' gold holdings? Well, one speculative answer is that the actual amounts of gold might be far below, or, pace Lord Blackheath, far above officially estimated amounts. Without controlling the ceilings, it would be impossible to "cook the books" so to speak, and for that matter, to issue all sorts of bearer bonds on gold reserves plundered from Europe and Asia during World War Two...  Why, not having ceilings might expose a whole hidden tier of finance - and very possibly the purposes for which it was established - and we wouldn't want that, would we? And apparently a German Chancellor (and we may therefore assume, his predecessors and successors in office), were parts to a secret deal... one wonders: how far back does that secret deal go?  Well, I suspect many of you have already guessed my suspicions...

See you on the flip side.

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. Christian de Coninck Lucas on July 4, 2012 at 2:18 am

    Oh that bill passed did it? Great,

    Do keep me apprised on the Gold story.

    Stanley Kubrick LIVES!

  2. LSM on July 2, 2012 at 1:14 pm

    we all know the world of geopolitics is very sinister and the torches of lies are passed on to the next (s)elected officials- if it is true that Germany’s post-war most intelligent Chancelor Helmut Schmidt was somehow involved in this then he set the stage for the despicable next Chancelor Helmut Kohl’s Leuna/Gulf Aquitaine financial debacle which, by the way, ended up with Kohl’s wife Hannelore having conveniently comitted suicide due to a sun allergy (official story) shortly after the Leuna/Aquitaine story surfaced-

    and most people still blissfully believe world events just happen randomly (suicides/assassinations included) and nothing is behind them

  3. Rfriend on July 2, 2012 at 9:20 am

    We’ll soon get another clue as to who is in control. The “Audit the Fed” Bill passed committee last week and is due for a full House vote sometime this month.
    Reportedly, it has the votes to pass before going on to the Senate.
    It will be interesting to follow the snowball’s journey through Hell.

    • Joseph P. Farrell on July 2, 2012 at 10:50 am

      A good point Rfriend… I think a great deal will be revealed just by the PROCESS

  4. Robert Barricklow on July 2, 2012 at 8:18 am

    The supression of the gold/silver markets is a given.
    A one-world currency in digital form, expressed as an electronic/digitized currency worldwide(cashless), is their wet dream.
    Gold maybe a mechanism to control us – NOT them.
    They will NEVER submit to control outside their puppet-master’s fingertips.

    • Rfriend on July 12, 2012 at 7:26 am

      “The supression of the gold/silver markets is a given.” — R Barricklow

      That is probably the most suppressed storyline of the last two years. It is suppressed because it is a ‘national security’ concern. It is connected to another major suppressed story: Naked short selling. (see Kristina Copeland’s documentary film)

      I stumbled across this story recently, just as I have only recently discovered JPF’s work. Look up the Andrew Maguire interview and go from there.

      The CFTC hearing of March 2010 was the locus of Maguire’s narrative.

      Again, failure to deliver (FTD) is the key to “naked short selling,” now exposed as the biggest threat to the “digitized” financial system. Is it any wonder that central banks are now “repatriating” their gold stocks?

      As to who is in control, the operational term is “deep capture.”
      Jamie Dimon’s cufflinks were a clue to what that means.

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