If you've been following the game of Three Bar Monte (a variation of three card monte, but using gold and/or tungsten bars and central banks, and not playing cards and a TV tray in Central Park) being played between the NY Federal Reserve and some of the world's central banks, you've got to be wondering - as all the rest of us are - just what the heck is going on.

Well, let's rehearse the Three Bar Monte game thus far. It all began, you'll recall, when Venezuelan President Hugo Chavez brought his gold home. Then Putin based Russian ships there, Chavez got cancer, and died. Then Ecuador and a bunch of other people wanted their gold too, and the Chinese began to buy tons of the stuff, only to find, you'll recall, that some of their small bars were gold on the outside, and tungsten on the inside. Then Germany decided it would be a nice idea to bring their gold home - all 3,400 tons of it - and all hell broke loose, or rather, didn't break loose, as Germany was able to get back significant amounts of their gold from the Old Lady of Threadneedle Street, and even from from the Banque de France, but the NY Fed was somewhat slower than evolution, delivering to Germany only about 5 tons of the over 1,000 tons supposedly on deposit there. Now, if you're a regular reader here, you'll also recall that I pointed out this wasn't the first time that the NY Fed had difficulty finding Germany's gold, for in 1928, then Reichsbank President Hjalmar Horace Greeley Schacht (his parents were horribly confused)visited his good friend, Benjamin Strong, then the governor of the NY Fed. Touring the vaults, Schacht asked to see the Reichsbank's gold, and lo and behold, the staff couldn't find it. At this juncture Schacht records in his memoirs that he merely smiled at his good friend Strong, and said "That's ok, I know you're good for it." Episodes like this, plus the very light treatment Schacht received at the Nuremberg Tribunals, have convinced some people that he "had something" on his Western counterparts.

Then came Baron Blackheath's little speeches in the House of Lords, dutifully recorded by Hansard's, and what an interesting read they are, for Baron Blackheath was the first politician in a major power that I can recall in recent memory who drew attention to the bizarre figures of the amounts of gold bullion estimated to be in existence. Then, just as suddenly, he shut up. But then, Switzerland decided that they too would like their gold back, and the Dutch joined in.

But while the NY Fed was busy telling Germany "Shut up about this and go away and no, you can't have your gold back," apparently the Dutch were able to procure at least some of theirs:

Netherlands gets its gold back from US

Note the figure cited there: 122 tons. Add Germany's approximately 3,400 held overseas, and we get 3522 tons. Add the USA's supposedly 8,500 tons (depending on who you cite), and you get 12,022 tons. But China, recall, wants to buy 10,000 tons:

CHINA 10,000 TONS OF GOLD RESERVE? Could Have Been Done With Ease

Now follow me here. if China wants to buy that 10,000 tons of gold from the parties already listed, that will leave some 2,022 tons of gold for everybody else, which is approximately close to the figures of Italy's gold cited in the above-referenced article, at 2,451.8 tons. (The figures are beginning to look a little dodgy, even for an econophysicist.) If, however, China's 10,000 tons of gold are not assumed to be paper gold, but real bullion, and coming from somewhere else, then we now have 22,022 tons of gold. Add Italy's 2,452 tons of gold (rounding up a bit), and now we have 24,474 tons of gold. Now official estimates of all the gold ever mined in history are somewhere between 158,000 and 174,000 tons (see United States Bullion Depository and How Much Gold Is There In The World ?, admittedly not the best sources).  But surely, with such tonnage, the NY Fed should have no difficulty filling Germany's request to repatriate its gold.

But then there was Baron Blackheath on the floor of the House of Lords and dutifully recorded on 16 February 2012, column 1017 in Hansard, and which I reported in my book Covert Wars and Brekaway Civlizations (p. 81):

(Lord Blackheath): When this came about, I took it to my noble friend Lord Strathclyde and asked what we should do with it. He said, "Give it to Lord Sassoon. He is the Treasury." So I did, and my noble friend Lord Sassoon looked at it and said immediately, "This is rubbish. It is far too much money. It would stick out like a sore thumb and you cannot see it in the Royal Bank of Scotland accounts." He went on to say, "The gold backing is ridiculous. Only 1,507 tonnes of gold has been mined in the history of the world, so you cannot have 750,000 tonnes."(Emphases added.)

Now, when someone starts talking about amounts of gold estimations on the floor of the House of Lords, and in figures far below other "estimates," I tend to sit up and pay attention, especially when the other figure bandied about that day was some 4.3 times the high end estimates for bullion in the world!

So what happened to the German gold repatriation effort? Well, in spite of the attempt to bury the request and pretend it never happened, according to one of the leaders of the German gold repatriation effort, the movement is very much alive and well:

Insider Exposes Shocking Truth On German Gold Repatriation

Consider these paragraphs:

"Eric King:  “But, Peter, the Germans asked to see their gold supposedly stored at the New York Fed and they were told, ‘No,’ by the Fed.  The absurd excuse given to the Germans was that their entry into the vault would somehow represent a ‘security risk.’  This is of course preposterous but that was the lie that was used to conceal whatever truth the New York Fed did not want the Germans to discover -- namely that their gold was already sold into the market.”

"Boehringer:  “That’s absolutely right.  I can only agree with you that it is preposterous.  Even the 5 tonnes that have been repatriated back to Germany from the Fed had to be recast.  Why in the world would our original serial-numbered gold bars deposited into the Fed for safekeeping have to be melted down and recast into new bars?

"This caused great concern on our end because it only increased the speculation that the German gold had already been sold into the market and was not safely stored in the New York Fed’s vault.  This is my opinion also.  I don’t believe that the Fed has our gold and that’s why they would not allow for the gold to be seen by German officials.


"This is one of many things that make the German people so suspicious about the U.S. Federal Reserve.  But we the German people are still entitled to ask for it back from the Fed and that’s what we are doing.  But contrary to patently false information recently published on a major internet site in the United States, the pressure inside Germany is building for the Bundesbank to get our gold back onto German soil.  That kind of misinformation is potentially damaging to the cause and so we will fight against this every step of the way."(Emphasis added)

Shades of Hjalmar Schacht.

So what exactly is going on?

For that, we'll have to wait for part two.

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. yankee phil on November 26, 2014 at 5:24 am

    Now everyone can understand why we left Libya in a failed state situation, it was the easiest way to steal the 100 tons of gold they had left over from the regime change without anyone to take the blame for its theft,maybe explains the attack on the US embassy later on,perhaps an attempt to take it back.

  2. WalkingDead on November 24, 2014 at 1:23 pm

    The true value of gold is in the monoatomic and diatomic states as with the rest of the platinum group of elements. You don’t hear anything about this from anyone other than David Hudson and his family, who seems lately to have been silenced quite effectively. Not sure if David is still alive or not, but his son was to keep the research going, I believe.
    What’s missing from this is the proper rituals, meditative states, etc. that accompanied the use of these unique states of matter. You can bet these will be suppressed till the end of time…

    • Lost on November 24, 2014 at 7:50 pm

      There are plenty of sources of mono-atomic gold and platinum on the interwebs, and there are all sorts of other ORMUS things going on, much available on the web.

      David Hudson is far from the only source about this kind of thing.

      And you can learn how to make this stuff yourself.

  3. DownunderET on November 24, 2014 at 12:52 pm

    What a bitter and twisted piece of work the Fed is, just look at who set it up in the first place. Germany has “been told” to shut up and go away, and the Dutch it seems have more clout with the Fed. And what about Ukraine’ gold, who knows where that is now?
    Just as an aside ANOTHER BANKER has just bitten the dust (Zero Hedge) so the hidden system of finance goes on.

    As long as these Central Banks are allowed to “RULE” the world, we will be in a strangle hold, and there isn’t a referee in sight.

  4. jedi on November 24, 2014 at 10:01 am

    A thousand years ago it was a death sentence to research how to manufacture gold. Hmmm, the pharaohs use too have lots of it. And they enjoyed rather splendid lives. The gold mind test. Looks like the printing press and fiat currency, with a emphasis on currency being a energy term and most definitely would be required to manufacture it is a big key to this puzzle. Now we start to see a web being weaved of the conspiracy of a criminal group that solves its problems by war, ritual sacrifice, to keep secret the fraudulent idea of money. Kicking the money changers out of the temple starting too make some sense? The induction process at work on a very ignorant public.
    Although we had this conversation years ago on this site…buying time, putting a cap on this knowledge while we wait for some group to pull the plug…..that is the threat.

  5. Frankie Calcutta on November 24, 2014 at 9:49 am

    Easy way out of this problem for the banksters: why not have their ISIS mercenaries set off a dirty bomb in lower Manhattan? Now all the alleged gold is radioactive and is worthless for a few thousand years. End of story. Germans won’t even be able to look at the gold because it is too dangerous. What a bad break for the Germans. Oh well. That’s how it goes sometimes says the bankster to the German Foreign Minister.

    I would like to know how much gold is in the hands of individual Americans. Are we talking tons or just a nominal amount? It seems like selling it off to moms and pops (for a profit) would be a good way to disperse the gold for safe keeping. All the gold stays in North America but just not in a NY Fed bank vaults. I don’t think even our alien cousins would have thee means to recover all this gold in individual hands, let alone the Germans. Too many backyard coffee cans would have to be dug up. Only the US government itself could pull off a repossession of this gold and that would be old hat for the banksters. Either through a soft confiscation to back the new dollar or through a a severe police state confiscation and the help of high tech gizmos like body scanners and ground penetrating radars and of course arm breaking thugs.

    On the topic of ISIS, otherwise known as the Israeli Secret Intelligence Service, otherwise known as the Greater Israel Action Force, otherwise knows as the Islamic Noahides, are their recent announcement of a gold backed currency another bankster bullion scam in the making? The Middle East would never trade using a currency printed in Tel Aviv and backed by the good word or even the gold of the Israelis, nor would they want to use currencies printed by the Christians after the clash of civilizations. But they would, after being conquered by ISIS, trade in a sound gold backed ISIS currency. Are the banksters then rolling out a Middle Eastern currency through their ISIS mercenaries which they will secretly control and get the entire muslim world hooked on? Isn’t ISIS really just a replay of what happened in in the 7th Century when the kohanim banksters lost their Arabian command center to the Persians and then went about inventing an extremely harsh yahwehistic religion hell bent on conquest and conversion which the banskters then let loose on the Persians and the rest of the world and thereby regained control of the Middle East? Wasn’t the Koran even written by kohanims? I have even heard whispered that Mohammed himself was a kohanim, much like the current head of ISIS is rumored to be today. It would be interesting to know if the ancient muslim invasions came with a new hegemonic currency as well?

    And if it is true that ISIS is a front for a banskter Middle Eastern bullion scam to be one day imposed on the noahide provinces of Greater Israel, will we one day see the same thing in the future noahide Republic of Texas? Will some proud hassidic gentile like John Hagee or Rick Perry soon be calling for a gold backed Texan shekel after the secession? Will they then impose this new gold backed, bankster controlled currency, along with the noahide laws, on the surrounding states once they commence their noahide jihad? Will we even be able to tell the rampaging Texas evangelical noahides apart from their murderous ISIS counterparts when the day comes and they get activated to conquer? Will the Pentagon “accidentally” supply the bloodthirsty Texas noahides with weapons while feigning to supply the besieged US citizens of Arizona or Oklahoma? Will the drawling, cowboy hat wearing, new leader of the Texas Noahide Republic secretly be from Brooklyn or even Hollywood?

    In the least, more exciting theater coming our way to be sure.

    • Frankie Calcutta on November 24, 2014 at 10:04 am

      my selection for the next ISIS commander or future Texas Noahide Republic leader:

      • jedi on November 24, 2014 at 10:28 am

        Great choice there Frankie, the babushka lady removes her viel, maybe she could be sworn in at Daley plaza….on the 7th floor of the book depository. Noe that’s a script that will have there toungues waggling for eternity.

    • jedi on November 24, 2014 at 10:13 am

      Frankie you have too include Bangor vat, the land of smiles and its twin the forbidden city in your hypothethis. Knowing that the children in the land of the smiles murdered there own parents. Vi et nam…..the six million dollar man….crashed and burned…lol

    • Frankie Calcutta on November 24, 2014 at 5:51 pm

      I doff my hat to you banksters. Gold re-accumulation (soft confiscation method) 3#:

      Brilliant, and if you let the price run to $5000, you might even trigger a distracting crime wave/media circus as the have nots without gold go after the have nots with gold forgetting all about the banksters once again.

      • Lost on November 24, 2014 at 7:53 pm

        Well you’re advocating killing several hundred thousand people in Brooklyn, Manhattan and Hoboken–that’s reason not to.

        And gold is easy enough to make, if fact the idea that there’s missing gold just drives the price up.

        Mostly the Dutch don’t actually like the Germans–that would be a reason the Dutch got theirs back sans trouble.

        • Frankie Calcutta on November 25, 2014 at 2:32 pm


          I have no idea what you are talking about. The last time I heard garble like that the person was sucking on nitrous oxide.

          • Lost on November 25, 2014 at 4:09 pm

            Since you wrote this, above, I thought you could follow the point easily enough:

            “Easy way out of this problem for the banksters: why not have their ISIS mercenaries set off a dirty bomb in lower Manhattan?”

    • Gaia Mars-hall on November 25, 2014 at 3:09 pm

      this commentary is a classic

  6. marcos toledo on November 24, 2014 at 9:48 am

    Speculator is just a polite term for reckless gambler. Then the Norseman-American have been raiders and thieves for centuries never missing a opportunity to make a dishonest living stealing, drug pushing, murder, slavery and I mean the last in more than the buying and selling upright beast of burden. If they can’t make a zillion dollars-pounds off you then your garbage to them to be discarded. As to the missing gold who knows on what stupid overpriced toys they’ve squandered it on.

  7. Lost on November 24, 2014 at 7:15 am

    Seems to me that rumors, and that’s all they appear to be, of Chinese gold purchases being adulterated with tungsten just serves to drive the price up. And of course make the Chinese look exceptionally foolish.

    As for what German gold, or Dutch, is where, sure it could have been moved, but it’s pretty easy to make gold from mercury. So who benefits from speculation that German gold is not in NY? Gold bugs, that’s about it.

    And in fact gold bugs benefit from uncertainty about gold in general, therefore there’s a good reason to promote this or that tale on the interwebs. (I’m not sure who these speculators are.)

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