MAX KEISER: AUSTRIAN CENTRAL BANK ON GOLD LEASING

The past couple of days I've been blogging about banks and the national security state, and over the past few months, the bearer bonds scandals and the calls from various countries for audits and even repatriation of their gold. With respect to the latter issue, the burden of my blogs has been to show:

  1. that there is massive obfuscation in the official amounts of gold said to be in existence; and,
  2. that whatever the amount really may be, any portion of this amount in the hands of central and/or prime banks in the west has been massively re-hypothecated.

Well, the latest country to get in on the "audit act" is Austria. Here I am going to depart from my normal practice of referencing an article, and reference rather one of my favorite characters - that's the only way to describe him - on Russia Today TV, Max Keiser. Here what concerns us is within the first six minutes of the episode:

Now this is wonderful in any number of ways, for not since the days of Conrad von Hoetzendorf have we seen such wishful thinking on the part of those highly placed in Austrian power circles.

This wishful thinking is ably, if not enthusiastically, exposed by Keiser: (1) the Austrian central bank admits that it has leased out almost 20% of its gold (thus making our rehypothecation scenario a little more plausible), (2) audits of gold are often audits of ledger entries, rather than the physical gold, (3) banks are stalling on audits of physical gold, because real physical audits would end the obfuscation of amounts that have made the rehypothecation possible.

Well, we can at least be thankful that Vienna has clarified the issue a bit: some 20% of a nation's gold reserves is involved here, not a few percentage points, and we can well bet that the Austrian bank is probably lying (have we any reason to trust any of them?), and that this amount is probably far higher. And of course, what can be leased can be sub-leased, and re-sub-leased...and with that, we're right in the middle of the rehypothecation scenario.

Of course, Keiser is correct: banks have been selling us on the idea that only monetized debt is real money, and that gold and silver are not.  But there are two things missing here: (1) the notion of debt-free money (think JFK's $4 billion of United States notes here), and (2) the far more important issue of just how much gold is there, really? In a world where so much gold has been re-hypothecated, what are the effects if (1) the real figure is far below the most conservative publicly stated figure? and conversely if (2) the real figure is far above it? And in a world where there might be a huge hidden system of finance, why obfuscate the amounts of gold in the first place, much less re-hypothecate it?

I strongly suspect that until we start asking questions such as these and the speculative possibilities that they represent, that we are not going to get to the bottom of what's been going on.

See you on the flip side.

 

9 thoughts on “MAX KEISER: AUSTRIAN CENTRAL BANK ON GOLD LEASING”

    1. I have a bad feeling about the transfer of money into gold

      The masses dont have it, and nobody seems to know who does…..and its price is going up up up.

      Dont get me wrong, it is ancient money, but since 33 we were fooled…..its a trap.

      1. There is a ancient anagram, might have it wrong, but it goes, she male aced gold boat invader.

        Money being the root of evil, and its ability to enslave mankind….

    2. the meltdown btw is planned for the winter soltice of this year, the federal reserve charter expires.

      The Apocalypse, the unveiling as predicted a long time ago by John the divine (meaning his 4th rebirth in one life, many are chosen few are called)….skip skip skip to the loo, skip to the loo my darling.

      In my area, which use to be known as the economic manufacturing engine of our nation, our number one employer is retail, followed by govt sevices….a bad economic formulae. E for energy, con for fraud, om for sound and ic for indoctrinated.

  1. Robert Barricklow

    At the helm of this “Golden Empire” is a “State w/in a State”, an extremely tight inner circle that has been in existence for a very long time. The tell-tale signposts are littered across history.
    “They plunder, they slaughter, and they steal: this they falsely name Empire, and where they make as waste land, they call it peace.”
    -Publius Cornelius Tactitus
    The State doesn’t represent a paricular polity; it isn’t an honest broker between different national factions. It is the means by which the ruling elite supress the democratic aspirations of the people.
    And w/in that elite, exists another “ancient entity”,
    that is diabolically sinister, …to its very core.

    1. I am kind of warming up to that ancient entity….I cant explain it …. except it is very intelligent. Intelligence to me has always been a sign of goodness.

      1. Robert Barricklow

        I expect it has taken “shape” in some form of parastical meme, of/in a manner that is influenced, not only dimensionally, but through a frequency cycles, that spiral through “our” universe. It is deep & is known by some; independently on their own, and/orcommuniticated to others by several means.

        I’am currently looking deeply into the Chinese history of Yin & Yang or more pricisely the border where they meet. In the classic The Yellow Emperor’s Inner Classic the “true person” is one who can: “carry and support heaven and earth and grasp and master yinyang”.
        These entities are interrelated and independent.

        1. a box within a box, on top of that the star of david, and on top of that a circle…..note that a square and a circle have equal degrees.
          360, 720 1080, 1440, 2160….back too 360….everything is perspective.

          The masculine and the feminine are in one then divide into the flower of life….all things are interdependent and when in harmony eternal.

  2. Joseph,

    Note that the bank said, 20% of reserves. They did not say 20% of gold reserves. It could therefore be totally possible that if gold represented 20% of their total reserves, that they have out it all up for loans…

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