This one interests me, not only for the story, but for the "subtext" in the story, and my thanks to Mr. C.S. in Europe for sharing it with me. Russia Today (RT) is reporting that that country has now become the world's largest purchaser of gold bullion, exceeding even China:

Russia emerges as world's top gold buyer, adding 570 metric tons in last decade

Now in one sense, we may take this as more geopolitical and econopolitical confirmation of something I have been sayhing on this website, and that others have been arguing on their sites. The scramble to repatriate gold from the US Federal Reserve system, a scramble really begun in earnest when Germany called first for an audit, and then for a repatriation, of its gold. In this context I have been urging that readers look to what three countries would do in the future: (1) Germany, for its powerful export and specialization economy, its heavy tool and dye industry, and for the fact it is still the central and mainspring European power, (2) Russia, for its vast energy and other resources, for its kind of "neo-nationalist" post-Yeltsin governments under Putin-Medvedev, and for its military modernization and expansion efforts, and finally (3) China, for its large economy, and for its quiet penetration into various global markets, especially Africa.  We have also noted China's military and naval buildup, and the growing tensions between it and the USA in the Pacific.

In this context, Russia's decade-long purchase and increase of its gold reserves is a geopolitical move, and again, one that in the wider context of the Shanghai accord nations and the emergence of the BRICS nations, is yet another subtle challenge to the unipolar view currently regnant in Western oligarchical circles.  As I recently blogged, Russia is modernizing its navy and armed forces, and bringing into service an entirely new class of ballistic missile submarines. it has announced clearly its intention to be a part of the process of "globalization". In other words, it is speaking the language, and it intends to use the globaloney jargon of London and New York and all those foundations and think tanks of the West against the unipolarity that this jargon cloaks.

But there's an equally interesting subtext to this RT article, and that is their mention of Bloomberg as a reference and source. To be sure, Bloomberg would be considered part of the established financial media, and like all media, RT no less than its western counterparts consults "the competition." But looked at in context it means something very important. RT after all his given voice to Max Keiser, the former Wall Street trader who knows how deeply the financial corruption runs in the USA and UK. Keiser cannot, by anyone's lights, be understood as a socialist or communist. But he is not a mercantilist or corporatist either. Some might consider him a renegade or even a maverick. But that's the point, by given him a voice, RT has caught the measure of the disenchantment in the West with the Western oligarchs and corporatists. And, unlike before, they're not regaling us with the wonders and glories of Marxism or Bolshevism. It doesn't "sell" except maybe in Havana or North Korea.

That means in all likelihood that RT is probably not only benefiting from the considerable cultural analytical skills of Russian intelligence, but that both are probably closely watching the west's alternative media too.  I would say that you could "take that to the bank," except that you, like me, probably don't trust very many of them any more.

See you on the flip side.

Posted in

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. Frankie Calcutta on February 19, 2013 at 3:50 pm

    I missed this story following hurricane Sandy:

    “PAMP’s American Arm & CME Gold Depository Declares Force Majeure, Located “Very Close” to NY Fed”


    “PAMP’s American arm, Manfra, Tordello & Brookes, depository and gold distributor, declared force majeure after it was forced to [move] inventory after the vaults had flooded… the vaults of MTB are located “very close” to the Federal Reserve Bank of New York and its gold vault”

    It seems a lot of gold was being moved around after the storm (and maybe during the storm?) In the least, it is very convenient if you (CME) have to make delivery on gold you don’t have.

    Also in the article:

    ” It was MTB’s PAMP Swiss bars recently found counterfeited. MTB’s CEO reported the counterfeits US Secret Service.”

    • muthoka on February 26, 2013 at 8:23 am

      hello sir . too we are in gold mining in tanzania , we are looking for serious buyers who are interested in buying gold 22 crt 300kg or more in nuggets form

  2. aueg on February 18, 2013 at 8:40 pm

    joseph, is this why they faced a misil/meteorite ??

    • Yaj on February 19, 2013 at 5:26 am

      All that gold Russia has ostensibly “bought” becomes more valuable now that the production in that “zinc” factory was disrupted.

      Many parties–including Russia–would have motivation to limit how easily Russia could source gold.

  3. Frankie Calcutta on February 18, 2013 at 2:34 pm

    It looks like the Germans and the banksters may have come to some kind of arrangement:

    “The NY Federal Reserve Bank holds in custody 1536 metric tonnes of gold owned by the Bundesbank of the Federal Republic of Germany, 22.9 per cent of its total gold holdings in custody (6700 tonnes).
    The Bundesbank has announced that it will repatriate “all of its 374 metric tonnes stored at the Banque de France (11 per cent of its total reserves), and 300 metric tonnes held in the vault of the New York Fed, reducing its share in the US from 45 per cent to 37 per cent.” .


    I wonder what the Germans got in return? More control of EU and the EU central bank? It would explain why the British government now wants out of the EU. I can’t help but think there is some kind of sly joke about the lower Manhattan underground bank vaults in the above article as well. They’ve been robbed?

    Some of the related articles (above) on the webpage are worth reading. The whole webpage looks like an advertisement to buy gold including news of a couple bankster hacks, Paulson and Soros, still buying gold. RT as a gold peddling psyop like the Alex Jones show? Maybe the Russians are mass producing gold alchemically as well? Maybe the Russians just discovered they are chumps and the banksters have been mass producing the gold the Russians have been buying this last decade and now the Russians want to sell it? Maybe Putin is really just under the fold of the banksters and is under orders to tout gold? Or, Russia is putting the squeeze on the banksters who owe a lot of gold to numerous irate foreign depositors which the banksters no longer have?

    At the end of the day, the gold prices aren’t moving upwards despite all the big buyers. Somebody with a lot of gold is selling. Just another bankster gold scam or is somebody else selling?

    Also of interest:

    ” However it is still far from its historic high – in 1941 Russia held a record 2800 tons of the precious metal and thanks to these reserves successfully recovered after World War II.”

    Who wound up with most of these reserves after WWII?

    I guess in this day and age, if you are going to have large gold reserves you better also have the military to protect the gold from foreign military adventurers. Gaddaffi’s big mistake. He bragged too much about how much gold he had.

    • Frankie Calcutta on February 18, 2013 at 2:44 pm

      If the Vatican is sitting on a lot of gold, they better find a powerful friend quick. The rumors of the Vatican’s omnipotence is highly exaggerated. Just a bunch of bumbling naive virgins sitting on a lot of loot in my estimation. Neutered by the media driven pedophile scandals and now ripe for the final plundering. The next bankster target.

    • LSM on February 18, 2013 at 3:34 pm

      Hi Frankie,

      “Somebody with a lot of gold is selling”- obviously or it wouldn’t be there to buy- question is: who/what is the selling source?- and what are the buyers using for payment?- the Rubel?-

      Russia is “buying” gold and other nations are “repatriating” theirs- are all of these nations using a common “legal tender”?- if so, what is it?- or is Russia’s “buying” of gold actually a successful repatriation under the guise of “buying” according to RT? (see above under concept of “payment”)-

      I don’t have the answers to these questions (does anyone?)- am just trying to connect dots but so far am not having much luck-

      stay well- regards-


      • Frankie Calcutta on February 19, 2013 at 4:08 pm

        “I don’t have the answers to these questions (does anyone?)-”

        neither do I Larry. The RT webpage sure did look like an advertisement to buy gold.

        Is it possible that everything is just about gold, including the Nazi attack on the Soviet Union? Stalin, sitting on 2800 tons of gold, double crosses the banksters who in turn fund Hitler and unleash him on Russia in order to get the gold? Far fetched I know. But possible? Every major event always seems to have a gold angle, including 9/11. Hitler is promised unfettered leibesraum and the banksters are promised the Russian gold in return? The ancient Vedic legends tell of a great war with demons who ransacked the Earth looking for gold but are finally stopped by an avatar. Have the demons returned? And what is it about gold that drives men and demons mad?

        Any large depositories of gold are potential target for a false flag or military attack in my estimation.

        • LSM on February 20, 2013 at 2:43 pm

          Hi Frankie,

          many thanks for your very thought-proviking ideas- will chew over them (as if I haven’t already heard of them aldeady in their most basic forms- yes, I’m aware of David Icke but we won’t go there today)-

          hey, guy, please continue to take of yourself- many regards from me-

          Larry in Germany

  4. Geraldo Lino on February 18, 2013 at 9:20 am

    Dear Mr Farrel:

    I wonder if you’re aware of the recent speech by the head of the British FSA, Mr Adair Turner, proposing the adoption of “unthinkable” monetary measures in order to overcome the current crisis (there’s an interesting article by Reuters’ Anatole Kaletsky in http://blogs.reuters.com/anatole-kaletsky/2013/02/07/a-breakthrough-speech-on-monetary-policy/). Perhaps it’s just wishful thinking, but I’m convinced that it is becoming more and more obvious that the current monetary theories are by no means compatible with the increasingly complex and sophisticated globalized economy of the 21st century. As you suggested in “Babylon’s banksters”, an economy based upon more advanced scientific and technological concepts like free energy, will require economic and monetary ideas that are not exactly new but have been discarded by the powers that be. However, as Mr Turner’s speech suggests, even some of them seem beginning to have second thougths.

    Greetings from Rio de Janeiro.

    • Yaj on February 18, 2013 at 10:06 am

      With free energy the idea of precious metals goes away. Currency may remain as a method of exchange but it’s unlikely to have anywhere near the meaning it does today.

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