MEXICO JOINS GOLD REPATRIATION BANDWAGONMarch 15, 2013
The Daily Bell reported over a week ago that now Mexico is joining Germany, the Netherlands, Ecuador, and the growing list of nations calling for repatriation of their gold from the apparently increasingly and all but bottomlessly corrupt Federal Reserve:
There real problem, as the repatriation phenomenon attests, is a breakdown of trust in the central banking system in general. But ponder these words carefully:
"The old era in which central banking trust was ingrained in the system is gone now – and the ramifications are many even though they have not yet been felt. Central banks and bankers rely on joint programs and coordinated currency approaches. Without trust, strategies are difficult to create and programs are hard to implement.
"This is not a hypothetical observation. As gold prices have moved up and Western currencies have looked increasingly subject to a currency competition, the pressure on politicians to assure gold reserves has increased. Couple this with the overseas storage of much gold reserves, and the situation becomes combustible.
"In the case of Mexico, questions have been raised about the country's off-shore storage of precious metals and its ability to take possession if necessary. These concerns have been magnified by Germany's experience. Germany's Bundesbank intends to repatriate a large portion of gold reserves abroad and by 2020 seeks to have at least 50 percent of its total gold reserves at home.
"This amount includes 300 tons from the Federal Reserve – which the US Fed may or may not have available. It is unclear, as the Fed refused to submit to an audit of Germany's gold. The apparent tension was compounded by the slowness of the repatriation. Germany will get its gold but not for seven years."
Yes, you read that correctly: The Fed has refused to submit to an audit of Germany's gold, and in Mexico's case, the problem is compounded even more, for as the article notes, more than 95% of Mexico's gold is held by the Old Lady of Threadneedle Street, the Bank of England.
But I submit there's much more going on here than the looming "currency wars" hypothesized by The Daily Bell. In fact, what I strongly suspect is happening, and have strongly suspected since the first Bearer Bond Scandal broke with the Japanese Bearer Bond Scandal, which suspiciously involved the same amount of money as the USA's TARP (Troubled Asset Relief Program), is that someone is doing the following things (1) sending messages about a hidden and vastly fraudulent system of finance which was and is (2) sustained, as I argued recently in Covert Wars and Breakaway Civilizations, by (a) massive re-hypothecation of bullion and (b) by massive obfuscation of the amounts of bullion in existence, by (c) intelligence agency involvement in the same.
In short, there is a vast ocean of fraudulent paper around, and someone who has been in the know on this vast scheme since its postwar beginnings (if not before), is pulling the plug. Once you put it that way, folks, there's only a very few contenders: the Chinese, the international Fascista, the Anglo-American oligarchs and their intelligence technocrat offspring, and the Japanese elite. And, oh yes, let's not forget, the Russians, though not a part of this scheme, certainly know about it (Leo Wanta, anyone?)...
...See you on the flip side...