MEXICO JOINS GOLD REPATRIATION BANDWAGON
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:
The New Era in Gold Repatriation will Affect Everything
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...
11 Comments
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in a way I have to agree with Robert Barricklow’s statement; could it be that 3-times presidential candidate William Jennings Bryan might have actually known back in his day that storm clouds were already brewing about the gold standard and that was the reason he wanted to get the dollar off the gold standard and base the dollar on silver?- would’ve made the dollar more independent not to mention almost EXCLUSIVELY backed (assuming one needs a precious metal backed currency in order to make it work)- just a thought-
Larry
Yes Larry. They run the gold game. They set the gold standard. But silver looks to be their weakness, IF “we” play the game in metal money, a poetic “silver bullet” kills the monster. Throw in an ‘n'[non/negative], and money becames a mental game. I Like your thinking Larry.
Maybe the banksters intend on robbing Peter (Rome) to pay Heinrich (Germany)?
Mexico and gold naturally brought to mind the classic “The treasure of the Sierra Madre.” This clip sums it all up:
http://www.youtube.com/watch?v=PYbjrlrqKOI
Mexico asks for its gold from the Bank of England. Germany also asks for some of its gold in part held by the Bank of England.
Where is Rome here? And does Rome even have gold holdings? And are those Vatican gold holdings in some other vault?
Re Mexico:
The Bank of England will simply call upon some very very smart and observant scientists at Cambridge etc, and pretty quickly those someones will set up a small discreet factory to make gold in quantity, probably from copper. And over the course of a few years this new gold will be shipped to Mexico, the time will be lengthened so as not to destroy the speculative value of gold.
Great clip Frankie!
The jokes on humanity for believing in the value of gold. It’s a Great Con Game! And you can either Laugh or cry.
Better yet, why not change the game to where “money” works for all of humanity, instead of the parasitic few, who run the “house” games.
Whether we fall by ambition, blood, or lust, like diamonds we are cut with our own dust – John Weber
Kinda of ironic given how much gold the Spanish stole from Mexico.
I know this question seems stupid, but why did all these countries have their gold splatted all around the globe in central banks in the first place?
I also take it that whatever country has gold overseas, then they must be holding “paper” which has all the details of their gold ie serial numbers, weights and numbers of bars etc.
I know here in Oz that the majority of our gold is located in the BOE,why, I dunno, but I again ask why?
Mexico seems to stick out like a sore thumb, can the good Dr. please comment on Mexico’ request to get it’s gold back, or cover it in today’s VIDCHATZ.
I wonder how our Elites are going to handle this international house of cards falling from falling on them this time.
The gold will be manufactured, without admitting that’s the case, so publications like the Daily Bell can on on with the idea that gold is valuable and no the significant advancement making gold portends for things like energy generation will not be shared.
I’d like to see silver start getting some ink.