GOLD, LIBOR, ACCOUNTING FRAUD
I haven't commented much on the LIBOR banking scandal and what it might possibly portend(other than the by-now-usual bankster fraud, rigging, and creation of dubious "securities"). Yesterday I blogged about the apparently missing German gold, going all the way back to the Reichsbank administration of Dr. Hjalmar Schacht, and the strange pattern of Germans coming to inspect their gold at the NY Federal Reserve, only to be told it's missing and cannot be found (Dr. Schacht), or "you can't see it right now'(Philip Missfelder).
But as the LIBOR scandal unravels, what we see increasingly exposed to the light of day is just how deeply the major western banks have been implicated not only in fraudulent activity, in interest rate rigging, but also in money laundering. What we see revealed is the interconnection between drug trafficking, the reserve status of the US dollar, the need for drug money to support the huge defense budget of the US empire, and, if the pattern of the Two Germans and the NY Federal Reserve that I talked about yesterday holds true, then the wor;d's gold reserves appear to have been used several times over to prop up the whole system. Now, while surfing the internet looking for more on this story, I ran across this one, and several of you also emailed me this link, and though I do not know much about this source, there are aspects of this article that caught my eye, for he is arguing essentially what Prof. Peter Dale Scott and others - including me - have been arguing: namely, that the Western financial and banking system long ago crawled into bed with criminal and intelligence agency elements, and that those criminal elements might now be in some sort of struggle for power with those very banks:
Jim Willie: Exposure of Allocated Gold Account Raids Will DEVASTATE the Major Banks
Now, this one is saying essentially the same thing that I and others have been saying: there is a massive discrepancy in the numbers concerning actual gold reserves:
"My best source shared in 2010 that at least 20 thousand tons of Gold had improperly been taken, leased, and replaced with gold paper certificates in vaulted locations. The bullion bankers were dangerously short. In 2011, he admitted that the criminal activity had easily surpassed 40 thousand tons of Gold illegally leased, resulting in a massive short position for the bullion banks. In 2012, he increased his estimate to between 40 and 60 thousand metric tons of gold illegally seized from Allocated Gold accounts, the short position totally out of control and absolutely impossible to bring into balance with short covering. In the last week, he passed along a communication with a veteran Gold expert with decades of savvy experience. They concluded that remedy for the vast gigantic short position by the gold bullion bankers will send the Gold price well over $10,000 per ounce. They believe probably by the end of the criminal prosecution remedy, the resolution of the defrauded Allocated gold accounts, and the installation of the new trade system alternative, the Gold price will find a natural value at least twice that elevated value. Expect further revelations and documented evidence of vast Allocated Gold account raids, and improper raids to gut the Exchange Traded Funds (GLD, SLV). It is only natural in the brush fire jumps."
I suspect, however, that the truth may lie somewhere between massive over allocation, for one must ask, what phenomenon led to the over-allocation in the first place? Here I speculate, but the speculation is based on two factors, one of which I have mentioned on this site previously in connection to the bearer-bonds scandals, and the other based on a phenomenon that the author (Jim Willie) of the linked article himself draws attention to. First, the factor I mentioned before: the whole issue of the amount of actual gold in existence was first brought to public attention by Lord Blackheath in the British House of Lords a few years ago. Indeed, if one has been following the whole story, part of which dates back to the Imperial Japanese plunder of Asia (Operation Golden Lily), there may have suddenly surged into western banks an amount of gold that (1) was not accounted for in prior western estimates of the total amount of gold available in the world and (2) which for that reason was kept off the books of major banks, and then used and used again (re-allocated or re-hypothecated) several times. Thus, while there is a short in gold, the real problem may also be untangling all the paper trails of how it was fraudelently reallocated.
But why this massive re-allocation? Enter here the dark underbelly of the Anglo-American financial empire and its deep connection to the US military as the actual backing for the US Dollar. As Willie puts it:
"Just in the last ten days, the brush fire jumped into the drug money laundering forest. Permit an imagery jump as well, even though mixed imagery is a cardinal sin of composition. But since on the topic of jumping, a shift in the blaze of imagery might be appropriate. The money laundering of narotics funds is a vast industry. The United Nation task force identified the United States as being unduly reliant upon the benefits of drug money infusion into the banking system following the 2008 Lehman bust, sufficient to prevent a collapse. The UN document reports were published in 2009 and again in 2010. What better place to funnel the money than into the primary banking system from the USGovt agencies responsible for the vast clearing house functions. Representative Ron Paul has addressed this problem in direct accusations. Here is the imagery jump. The operations of money laundering are like a collection of wires without insulated coatings laid out on dark basement floors, one from each bank. The participating big banks do not always have full knowledge of the other and their activities. Many countries are involved, as the distribution rings are vast, like with Mexico in the recent incident. So the wires occasionally cross each other and cause troublesome sparks. The High Scandal in Bank Collusion has already caught fire in the money laundering rings. The bank in the spotlight has been encouraged to align its wires properly, according to the Cooperative Installation Alignment codes from the Underwriters Lab south of WashingtonDC. They will comply, or else resignations will be the least concern of the bank executives. Their lights might go out. This is a topic loaded with risk. The message to take away is that all the major US banks are deeply committed to narco money laundering, which tie in with defense contractors who serve as errand boys and delivery hosts."
Once we have entered this level, then we are dealing with a whole new set of factional players, the big drug cartels and, dare I say it, the whole International Fascista group, that made major penetrations into drug trading in the postwar period. The point here is that this money constitutes, as I have argued here and in my books, a major source of funding for black research projects and intelligence covert operations. Or, to put the same point slightly differently, markets were and are manipulated by intelligence agencies for the purpose of securing the empire and more importantly the funding for these projects.
And then of course, there is this little jewel, and the connections will immediately become apparent:
"A potential disruptive jump in the banker brush fire would be the revelation of disposition of World Trade Center vaulted assets. Only a moron would believe they vanished. Refer to the enormous amount of purported missing gold bullion, the enormous amount of purported missing bearer bonds, the enormous amount of purported missing diamonds from the infamous 911 event. The political implications would be vast, far more damning than the smoking guns by scientists. They would eclipse any and all claims made by engineers and architects (see AE1000 Group) that undermine the official poppycock story. The documents concerning the flow of gold, bonds, and diamonds might be more visible under document discovery amidst the LIBOR investigations, if a bank heist were to be demonstrated. It is a difficult task to conceal the movement of $100 billion in gold bars, $100 billion in bearer bonds, and $100 billion in diamonds, if indeed it was a bank heist. The Jackass scientific background has consistently brought attention to the vast inconsistencies due to gravitation pull in freefall, to the inadequate burning temperature of jet fuel to alter structural steel, and the absence of aircraft debris on the Pentagon lawn. All official stories have seemed like music on the other side of logic and physics."
Most readers here know my difficulties with the official story, and the semi-official "controlled demolition nano-thermite" story of this event... While aspects of the trade center collapse are explainable by the semi-official story, other aspects of it simply seem to me to be unexplainable by that hypothesis, and that it is necessary to consider exotic directed energy weaponry, and that takes us back to nasty black projects and the people that might have access to such a technology...
Willie mentions the fact that Deutschebank is now cooperating with Interpol and the Hague in various efforts to expose the London-New York axis, in other words, there is factional infighting, of a massive sort, occurring within the banking world, just beneath the surface of the outward display of unity. This, plus the fact that several nations are going to a kind of international bilateral barter system, led by the BRICS nations, means we are looking at a kind of 21st century War of the League of Cambrai, with the West of London and New York representing the Venetians on the receiving end of something, from someone.
What does emerge from all this in my mind is something critically important: 9/11 was not about terrorism, and neither is the "war on terror." It was the first shot in a covert war, being fought with some very exotic real and financial weapons, and the western oligarchy was on the receiving end of something that they themselves instigated, until another player showed up on the scene, with some very interesting toys...
See you on the flip side.
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If the love of money is the root of [all] evil,
what is it to be obsessed with it and
posessed BY IT?
What happens when you no longer own a THING,
but IT comes to own YOU?
I am not interested in a THING that is in its death throws.
What will replace it (?)
is a very big word.
I think I’ve stalled long enough.
I seem to be suffering…………
from my own redundance.
@ $10,000 per once, an Olympic medal should be able to purchase a round trip to the international space station.
Whatever you do, don’t store your medals in a bank vault for safe keeping!
Soon Dorothy will get a glimpse of the little old man behind the Fractional Reserve Curtain in the Wizards of Structured Products. Let me guess – will it be Papa Ratzinger?
Well, Doc, there’s always viagra! Just kidding.
I know what you mean though. Their schemes are so complex that it’s hard to make a point without going back 100 years (sometimes more!). Most folks eyes glaze over at that point.
You’re doing a great job. The reason there are paid trolls commenting here is because they’re worried about sites like this one. This is their Achilles’ heel; clear, concise publicity of their criminal schemes. The world needs more folks like you and I’m on your side.
May I recommend a blog? It’s no longer maintained and the posts are from 2010 but it’s excellent work. The guy’s name is Jeff Gates and he used to work for the US senate. http://www.criminalstate.com
Guilt by Association
is a GREAT book.
It was asserted right from the beginning that nine eleven was an act of war. Most people believe the cave-cellphone-boxcutter-hotfuel theory because the alternative is terrifying. Did our government declare war on the people? Was it an undisclosed third party? And then there’s the gold…
Mark Gaffney also talks about these events and his conclusions are largely in line with the work of Dr. Farrell. He proposes a microwave pulse to bring down the PA plane, followed by widespread power failures (http://prn.fm/2012/08/06/gary-null-show-mike-gaffney-911-080612/?utm_source=rss&utm_medium=rss&utm_campaign=gary-null-show-mike-gaffney-911-080612#axzz23AHlqVgN) (The911MysteryPlane.com).
Do a search on the combined terms: “Global Hawk” DARPA 911
If you’ll remember correctly, long before 911 arrived, it was recommended that all airliners be fitted with Global Hawk systems. The reason given was that should the cockpit crew become incapacitated, control of the aircraft could be wrested loose and overridden by ground control, including from a mobile roving unit.
Yes, the dark genie in turbine was only a psychological button, and still is.
So the wars of aggression are gold heists as well? Libya certainly fits the bill.
I shudder to think of all these hapless Americans sitting on gold. They are going to get “gadaffi-ed” as well with mercenaries sticking knives up their rectum to find out where their gold is hidden while the Rothschild commissars look on with delight.
there is not a chance in hell that these gold purchases from the internet and tv advertised brokers, etc. are private knowledge.
I might add that this current gold buying and selling frenzy is nothing more than a means to getting all the gold held by individuals and unaccounted for out of their hands and put into the hands of people who now can be kept track of. That is to say: all those old people who inherited gold from their parents and grandparents, where gold is a family heirloom, or all those old geezers who bought gold along with building their fallout shelters back during the cold war, are now enticed by these high gold prices to turn it for cash. All that gold was unaccounted and out of sight of the All Seeing Eye. Now, this long hidden gold that is being sold, while still going to individuals with the same motivation, will now be kept tabs of and ultimately returned to the banksters, the overseers of the numerous gold dealers, sometime in the future, most likely by physical force or possibly through government mandate as they will have records of all gold transaction in at least the last decade no doubt.
This story is an ancient one. The theme has not changed, just the players and the levels of deception. The sophistication has been ramped up/sky – #@%#ing – HIGH!
The elites of fonance/intelligence are joined at the hip AND internationally. In WW1 & WW11 they were international using the nation-state as cover for “the good war”. It was a money/power maker. Peter Dale Scott coined the term “Deep State”. It applies to Deep Politic “Deep ‘you-name-it’ “. In his recenr book War Machine, he details the drug connections to the “Deep” instruments of the controlling elites of power. Corrupted Money is their blood that feeds their skeleton infrastructure, the muscle monopolies of force.
We need a transfusion of clean exhages with proper checks & balances tpo resuscitate the living planet from this ancient cancerous privitized debt ridden parasitical elite power structure.
It would explain why so many Israeli buffoons were placed at the crime scene. On the other side of the coin, the head of the mossad during the 1970’s used to openly fantasize about a “terrorist” attack on the twin towers. Israelis as patsies, borrowing from their false flag playbook? Allow the patsies to think they are executing the crime (think Timothy McVeigh)? You let them put bombs in the building but then take the building down using other means.
Correct me if I am wrong, but allegedly the gold has disappeared to pay for the black budget? But who is this gold being paid out to? Raytheon and General Electric? That doesn’t sound plausible. They would accept dollars. China or Russia maybe but I don’t believe we would need much of their technology. IS the gold being paid out to Nazi International in return for some higher technology?
I still subscribe to the theory that the gold has disappeared because homo sapiens are still, unwittingly for the majority of homo sapiens, conducting a mining operation for our Alien overlords. There is no gold to be found because it has been shipped off planet.
Or else, it is being ingested by the banksters to achieve physical longevity or even immortality.
Interesting that drugs, legal and illegal, really make the world go round, even more so than petroleum. And drugs are depression proof. I guess one tends to underestimate them but in fact, if you look around, nearly everyone is on them in some form. The banksters have had smashing success creating new heroin epidemics since Lord Rothschild and/or the CIA took control of the Afghanistan poppy fields. Heroin epidemics in South America, Africa and its found its way back into American high schools. yeah, support our troops.
But then if the 2001 attack on the WTC was about the Fed, why weren’t the towers encouraged to fall to the east upon the NY Fed Building and Brown Brothers Harriman, and just north of JPMorgan Chase?
The reason for the great depression was the banksters and their looting of America through the fed. Congressman Thomas McFadden’s speeches on the subject are online. He was murdered by them. This site is full of trolls.
The banksters aren’t good for anybody except themselves at everyone else’s expense. PERIOD.
There are plenty of solid NSA whistleblowers which can tell you what they’re really up to.
I got a question for you guys.
If someone took your car or money. Would you not file a police report?
Take the Bundesbank and under oath in court have said that the Russians looted the bonds and gold out of the banks.
Yet, no police report has ever been filed.
I talked to the Allies and they said that while they were in control of Germany there were no bank robbery that amounted to any size.
In the laws that got passed because of these robberies. The treaties state “that there may be some missing bonds”. Yes, may be.
When the wall came down. Germany stated that it may not have been Russia that stole the gold and bonds. It may have been some Nazis.
I just wanted to bring it up.
Because in any stolen case, you should look at a copy of the police, FBI or Interpol report.
In the case of the bonds, the gold and the diamonds there are no official reports of missing items. Other wise the police would go out and investigate, recover and return the items.
A good snow job by the Bundesbank.
Oh, ye of little faith in our government.
As long as we are making up numbers. When is the conspiracy going to reach 1 million tons of gold? If you do not follow history, then all you end up with is a bunch of conspiracy theories.
First the French bankers were getting very rich on the English trying to keep the price of silver at a set amount. Then they were coming here to do the same with us trying to keep the price of gold at a set amount.
Second, the depression was so bad in part because we did not have enough money. That was because we only had so much gold. The President did the right thing on taking us off the gold standard and getting the people money. This took a lot of power away from the bankers.
Next, you can guess and guess and guess. And just keep on guessing at all these conspiracies that a secret group of controlling world masters are plotting. But you should be smarter than that.
I think what is going on is that in 1915 Germany came to America with Economical Warfare. Was quite good at it. We picked it up and have been at war since WWI with Economical Warfare. The government was quite good at keeping it all quite. Then the internet came out and people like you and me start searching and trying to understand our history.
Until you understand the NSA system you will never understand the Euro and what is going on. About three months ago on the NSA website under job posting were requesting to hire up to 8,000 retired bankers and investment bankers. China is getting ready to open banking world wide and the NSA wants to keep track on them. China has trained tens of thousands of bankers in U.S. banking and U.S. methods.
Next is the drug money. Take Mexico, we have been helping the small cartels with weapons, drug movement, money laundering, and giving them information. The reason is that we want the small cartels to go to war with the big cartels. Hopping that they kill each other off. The U.S. is afraid that the big cartels may get so rich that they end up taking over the Mexican government.
Once you look at NSA and CIA bankers, yes bankers. You can get a much better picture. Go back in history, JP Morgan had John Petty and Mr. Roberson on their board of directors. Right out of college and two years in the military. JP Morgan moved them off the board and they bought Midland Banking in upper New York. Morgan moved all Asia money transactions to Midland. Midland became the fourth largest bank in the U.S.
It is said that the budget of the NSA is bigger than the combined budgets of all the military combined. The NSA outfits armies in other nations. They say the banks were to big to fail. Bullshit. The government had so many economical warfare project tie up in all these big banks that it could not afford to close them down.
What you will find is that the bonds and any missing gold ended up in one of the programs run by the NSA.
Taiwan was a NSA operation. And you got to admit, they kicked China’s butt economically. What do you think the IMF and World Bank is? Just part of the Economical Warfare program to control world resources.
I am not saying it is bad to have a Economic Warfare program if it has stopped many wars and saved lives. But I would like to know who is running things.
A huge thumbs up, Doc! Jim Willie is one of my best sources of info.
One small point though:
Once we have entered this level, then we are dealing with a whole new set of factional players, the big drug cartels and, dare I say it, the whole International Fascista group, that made major penetrations into drug trading in the postwar period.
If you dig deeper you will find a continuum between the the drug dealers who had 50 million Chinese addicted to opium during the XIX century and today’s banksters. Indeed, the vast majority of America’s most powerful leaders come from Skull & Bomes which was fonder by the Russell Trust, itself the product of opium drug trafficking.
The Chinese have not forgotten or forgiven. Hence this:
There is real opposition to the USD banksters within china and they are sick and tired of being pushed around. Over the last few months ther has been naked aggresion against china’s South China Sea interests or claim on the part of USD banksters and locals. Then, in the last few days and weeks GATA is reporting heavy, heavy gold buying in the markets from anonymous Asian sources. This is how the soft war rages.
Cant wait for the banksters to lose control. Gonna be a wild, wild party when these arrogant scumbags become vulnerable.
Well aware of all of this Incognito… one thing: one cannot write about EVERYTHING all at once, especially in a blog…I have limited time and right now, very little energy.
you need to rest, Dr. Farrell- you’ve just “moved” (ohh, Baby, tell me about moving- I’ve done it 9x in my life- not to mentions the “goons” that handle one’s personal belongings- I’m sure it’s the same way in every country- as one jokingly says in German- after one’s belongings have been thrown and trashed: “zweimal umgezogen = dreimal abgebrannt”- loose translation: “twice moved = thrice burned-up”-
it boils down to knowledge of being evil, we good, they evil….and a non federal no reserves printing press keeps us away from the carnage.
It is a part of life, though the US citizens has been shown this evil, it keeps on shopping away, in a dream state. The education system has done wonders too annihilate the minds of its citizens.
So you claim knowledge of good and evil? Didn’t that get someone in trouble in a famous tale?