Babylon's Bankers

MISSING AUDITS OF THE FED’S GOLD?

I read this article - shared by Mr. V.T. - and was stunned, and, I suspect you will be too, particularly in the context of those stories about gold repatriation that we've been following over the past few years.  You'll recall that the whole "repatriation" game wa kicked off by the late Venezuelan President, Hugo Chavez, when he repatriated some of that country's gold. Others quickly jumped on the bandwagon - Ecuador, Austria, the Netherlands - and then it became serious when Germany wanted to repatriate its gold from the New York Federal Reserve, from Paris, and from London.  You'll recall that when that happened, there was a great deal of thumb-twiddling, stuttering, hemming and hawing from all parties concerned, including the Bundesbank, but the bottom line was that Germany did not recover very much. Then China and India and Russia started buying the stuff in record amounts, only to find (in China's case), that some of the bars, at least on the commercial markets were filled with tungsten.

Now there's this:

US Government Lost 7 Fort Knox Gold Audit Reports

That's right, not one, not two, not even three, but seven audit reports.

A closer look is in order. The article's author, Mr. Koos Jansen, points out a reassuring statement to Congress made by Mr. Eric Thorson:

"Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. At the congressional hearing of the Gold Transparency Act in 2011 Inspector General (IG) Eric Thorson stated:

"'Before I discuss the details of the audits that are the topic of this hearing, I want to make one point very clear: 100 percent of the U.S. Government’s gold reserves in the custody of the Mint has been inventoried and audited. Furthermore, these audits found no exceptions of any consequence. I also want to assure you that the physical security over the gold reserves is absolute. I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself.'

"He said this, but there is no proof. His statement “100 percent of the U.S. Government’s gold reserves in the custody of the Mint has been inventoried and audited“ is impossible to confirm, as we’ll see later on."(All emphases in the original)

But, as Mr. Jansen searched for these audits, he couldn't find them:

"In short, the US National Archives could not extradite the 7 audit reports I requested.The reports were not present at the National Archives, the OIG or at the Treasury Department. I doubt an attempt to “submitting a FOIA request directly to the Treasury Department” will bring me anything; likely it will be a waste of time as I had already contacted all possible government departments separately, which could not deliver me the reports I was looking for despite none of them was unwilling to help me. I will, however, submit a couple of new FOIA’s at the US government regarding gold audits.

"The reports I did find, and are now publicly available, are:

"Coincidentally, or not, these reports are exactly the same ones as listed by Thorson at the congressional hearing in 2011 (exhibit 1, framed in red). It seems these 6 reports (5 documents) are the only ones “currently in existence” and the remaining 7 have mysteriously disappeared."
(All emphases in the original)

Digging further, Jansen noticed what he calls "anomalies":

"The compartments at the Mint were placed under official joint seal, whereas the FRBNY compartments were never placed under official joint seal (as we can read on page 11 of the 1980 audit report).

"This suggests the gold at the FRBNY was stored so it could be easily transported in and out of the vaults, possibly through a corridor to the adjacent private vault at 1 Chase Manhattan Plaza – read this post by BullionStar gold researcher Ronan Manly for more information on the construction of the FRBNY vault and the connection to the vault across the street that was owned by JP Morgan, but recently bought by Fosun (October 2013), a Chinese investment conglomerate.

"Let’s read more about the audits at the FRBNY conducted under the continuing audits program, a quote from the 1981 report:

'The audit procedures followed [at the FRBNY] are essentially the same as those followed at Bureau of the Mint depositories, except that assay samples are not taken to verify the purity of the gold.'

"A quote from the 1985 report:

'Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed, …'

"Not only were the vault compartments at the FRBNY exempt from being sealed, in addition, for an unknown reason assay tests were never performed at the FRBNY!"((All emphases in the original)

Now, if this is true, then it would go a long way to explain why Germany has been experiencing such difficulties getting its gold back if such conditions have persisted over time. Jansen continues by pointing out the implication of this:

"More from the 1985 report:

'The audit procedures followed [at the FRBNY] were essentially the same as those followed at Mint institutions except that assay samples were not taken to verify the purity of the gold and the audited gold was not under committee control after the audit. As a result, the gold at the Bank [FRBNY] is considered unaudited.'

"According to the reports available to us, in 1985 the committee had to conclude the gold at the FRBNY was never audited! The intention in 1975 was to audit the gold at the FRBNY, but then, a few years down the road the gold at the New York Fed was mysteriously exempt from the continuing audits program."(All emphases in the original)

Then there's another anomaly, namely, the lack of any credible documentation indicating independent assays:

"Moving on to the assay tests conducted at the US Mint. An overview starting from 1953:

*In the 1953 report we could read 26 bars (0.00002 % of the total stash at that time) were assayed from bore samples. The assay tests found no irregularities. The assayer is unknown and there was no assay report included in the audit report.

*In 1974 the New York assay office tested 95 bars. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. The assay tests found no irregularities. There was no assay report included in the audit report.

*In 1977, presumably, one bar in every fiftieth melt (one melt is approximately 20 bars) was assayed, irregularities were found in two melts, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated”. The assayer is unknown and there was no assay report included in the audit report.

*For all other ‘publicly available’ audit reports (1980, 1981, 1985, 1986) it’s very briefly mentioned assay tests were conducted, presumably for one in every fiftieth melt. No irregularities were found. The assayer is unknown and no assay reports have been included in the audit reports.

*For the audits performed in 1975, 1976, 1978, 1979, 1982, 1983 and 1984 under the continuing audits program allegedly 1 in 50 melts has been assayed, although there are no audit reports, nor assay reports, nor do we know who the assayer was.

*It’s likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. For the other years we don’t know what office performed the checks."
(All emphases in the original)

Then there's yet another anomaly, connected to the US "coin gold", and this anomaly is a key(in my opinion):

"Why haven’t we ever seen any assays of “coin bars”? Coin bars are “assaying 899 to 901 per mille or 915 1/2 to 917 per mille”, roughly 90 % pure, and these types of bars allegedly form the bulk of the US official gold reserves. Former US Mint director Edmund Moy has stated in 2013 US reserves contain mainly coin bars because of the great confiscation in 1933 by President Roosevelt, when US citizens were forced to hand in all physical gold. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. However, as I’ve written in my post Where Did The Gold In Fort Knox Come From? Part One, all golden coins that circulated in the US before 1933 could not have supplied the US official gold reserves to the extent Mr Moy has stated." (Emphases in the original)

Finally, Mr. Jansen comes to his scenarios:

"If we carefully read the scarce audit reports available to us, we notice the audit procedures were revised in 1983. As a result more than 1,700 tonnes at the Fort Knox and the Denver depository, that were both fully audited and sealed at that time, needed to be re-audited.

...

"When thinking about these re-audits, three scenarios pop to mind:

  1. In 1983 the OIG found out something was amiss with the audits performed 1974 – 1982. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited.
  2. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. An excuse was needed to break the seals. The BGFO and Mint staff was replaced by the OIG and the “revised audit procedures” were invented as a reason to open several compartments.
  3. The auditors were bored and decided to re-audit 1,700 tonnes.

"Why else would so much gold have been re-audited?"

As one can imagine, my high octane speculation is quite a bit different than Mr. Jansen's, and again it goes to the point that one has to look at the modern financial picture from more than a conventional point of view, simply because the conventional point of view no longer makes any sense. Note that the following things emerge from his analysis:

  1. Audits were done of the Mint and various depositories;
  2. Audits were not adequately done of the NY Federal Reserve;
  3. It is alleged that the NY Fed has "secret tunnels" connecting it directly to JP Morgan, a facility recently bought by a Chinese investment firm;
  4. The "coinage" gold recovered by the Roosevelt administration in its gold confiscation of the early 1930s does not appear able to account for all the coinage gold in existence within the US depository system.

So we have:

  1. Chinese involvement;
  2. More gold in the system that would appear to be accounted for by various estimates;
  3. secret tunnel between the US central bank and a major US prime bank, and hence their involvement in "something."

For those who have been paying attention, and particularly paying attention to my Covert Wars and Breakaway Civilizations, this constellation of indicators almost exactly fits the pattern discussed there of (1) stolen gold from Khoumintang China, which was "swapped" for bonds issued directly - and secretly - by the US Federal Reserve, which bonds appear to have been issued with deliberate errors allowing them to be subsequently denounced as forgeries and frauds, (2) "coinage" gold, which sources could include not merely the gold confiscated by Roosevelt, but also gold confiscated by Axis pluner (including the gold recovered by the Nazis and extracted from the teeth of concentration camp victims), which would account for the discrepancies noticed by Mr. Jansen; (3) the indications of the secret participation of a major US prime bank in a scheme of secret finance.

In short, I suggest that once again, we are looking at more indicators of the existence of such a hidden system, indicators which in this case conform to the patterns I have argued here and elsewhere constitute the elements of a vast hidden system of finance for covert operations and black projects research. When analysts finally start waking up to those possibilities, and begin tracking down more details and connecting more dots, then it will get very interesting.

See you on the flip side...

31 thoughts on “MISSING AUDITS OF THE FED’S GOLD?”

  1. The Feds say: “Before I discuss the details of the audits that are the topic of this hearing, I want to make one point very clear: 100 percent of the U.S. Government’s gold reserves in the custody of the Mint has been inventoried and audited.”

    Remember that this is Fed-speak, not normal human-speak such as a person with a conscience would use. Read what he said. “100 percent of the U.S. Government’s gold reserves in the custody of the Mint has been inventoried and audited.”

    What he did NOT say is “100 percent of the U.S. Government’s gold reserves has been inventoried and audited and is in the custody of the Mint.”

    He is NOT saying that all U.S. government gold has been audited. He is NOT even saying that all the gold that WAS audited is in the custody of the Mint. Read his statement closely. All he is saying is that whatever gold is still sitting in the Mint – if any gold is actually there — was at least some part of whatever was audited.

  2. The gods came and asked for the gold. In return they offered the humans who controlled it extremely extended lifespans and technology beyond anything humans would have for centuries or millennia if ever. Seeing the power that they were being offered they jumped at the chance and abandoned humanity. Then they got double crossed by the gods and now have to cover up.

    Russia, China & India are now saving up for the gods next visit and will strike their deal.

    Gods only take physical gold. No paper 🙂

    1. Those “gods” have a pretty limited understanding of science if they don’t know how to make gold from mercury and also from copper.

      1. Lost, I don’t know if you have been following the land swap in Arizona that will give a major mining company 4 or 5 sq. miles of land loaded with copper. The company is based in London and Melbourne. It was attached to the 2015 NDAA of all things.
        db

  3. In 2008 GATA bought a full page ad in the Wall Street Journal entitled “Anybody Seen Our Gold?”
    The full page advertisement can be found here: http://Gata.org/node/wallstreetjournal

    Le Metropole Cafe also has believed for many years that the gold that’s supposed to be at Fort Knox is not there.

    I subscribed to Le Metropole Cafe back then and did not really recognise Catherine Austin Fitts. However there is a photo of her in the advert, along with other members of the Board.

    Back then they said that the gold reserves of the US had “not been fully and independently audited for half a century”. I think the gold may well not be there, but I also believe by avoiding an audit they were able to manipulate the gold price easier.

    1. For whatever it is worth, I have known soldiers who were stationed at Fort Knox at one time or another, and to a man they have assured me that there is no gold in Fort Knox. In fact I believe the larger Army even treats it as an inside joke.

      1. “and to a man they have assured me that there is no gold in Fort Knox”

        Had they toured the vaults were the gold is supposed to be held?

        Take a big office building do, you really think that someone who spends years working on the 8th floor, but never goes about the 10th floor will know exactly what is on the 25th floor?

        1. Lost, did you open the link I attached showing the ad GATA paid for in the Wall Street Journal? These people have a lot more factual knowledge piled up than most of us. Perhaps some of the soldiers have read up on this – quite possible if they’re supposed to be guarding it – and have seen actions taken that appear abnormal to them. Perhaps they have put two and two together?

          Ron Paul has also been calling for an audit of the Fed for a very long time.

          1. Daphne,

            That doesn’t answer my question about people you know having been or not been in the vaults at Fort Knox.

            I don’t care what Ron Paul has to say on this matter.

            Gold can be made fairly easily from mercury in industrial quantities. Gold has no particular value except for speculative purposes.

  4. You know, the Queen of England is regularly paraded through the gold vaults of the BoE like she’s taking a DisneyWorld ride, photographed through racks and stacks of what we are to assume are gold ingots and not gold-coated tungsten bars while she is wearing one of her ghastly matching pastel suit+gloves+hat ensembles…

    But when was the last time Americans were shown US gold? I can’t EVER recall any such display, even in the halcyon decades before the advent of the National-Security-Paranoia-State.

  5. I remember in Bill Still’ excellent documentary “The Money Masters”, that Fort Knox had not been audited since 1953, so what gives?
    This story just wont go away, and it’s anybody’s guess, the real truth lies somewhere off world, well that’s my view.

  6. PS: A large scale “theft by conversion,” i.e., a conversion of a paper currency and fictional electronic units of currency printed and issued into circulation by a currency cartel, into tangible or material wealth.

  7. By far, this is THE largest untold story of 9/11… The Biggest gold heist in human history. Through the magicians slight of hand, and nefarious obfuscations, the coffers and wealth of the people are being and have been plundered on a grand scale.

    I recall a 50 word article in the days following 9/11, wherein I believe it was the Bank of Nova that was broadcasting “Code 33.” The article, approximately 50 words in length was tiny, and at the time made little sense to me. In retrospect, this little apparently insignificant article, more of an urgent message to those within a specific circle of concern, becomes entirely relevant. As you say Joseph, this could become interesting. https://911justicehalifax.wordpress.com/2012/09/16/wtc-9-11-biggest-gold-heist-in-history/

  8. I know I put those 7 gold audits with the Declaration of Independence & the U.S. Constitution. I know I lost the Declaration of Independence in 1789[the U.S. Constitution was far short of the spirit written in the Declaration. The U.S. Constitution went south with the passage of The Federal reserve Act. And with the coming TPP/TISA most worldwide constitution will be redundant. As for the GOLD? Well, the BRICSA will be the only nations accountable; and coincidently, NOT part & parcel to any TPP/TISA Treaties. So their environments, food safety, laws, and people will be much better off. But the profits of the BRICSA corporations will suffer. The “West” on the other hand, is willing to sacrifice the heath & well-being of their public for Corporate Profits. And really don’t need Gold; as the reserve currency printing press[backed by U.S. Military MIGHT] is all that’s needed. Even the peoples’ taxes aren’t needed, Taxes, are in essence, obsolete due to the reserve currency printing press[backed by U.S. Military MIGHT].

    “GOLD?” asks the “Western” Kleptocrats.
    “We Don’t Need Your Stinking Gold”.
    [A Twisted, Updated Version of “The Treasure of the Sierra Madre”.]

    Of course they need the appearance of caring & having –
    to continue the ongoing FRAUD & pillaging of the Public Worldwide.

    Don’t go asking what’s up?. It’s proprietary[private business].

    1. Lol Robert! Yes, American archives are pretty spotty–all sorts of material has gone missing–like all the original Apollo 11 footage… how curious!

      1. I’ve been in a lot of businesses including the detective business & car business[those I’ll admit to].
        In the car biz they would occasionally have a customer who couldn’t be finance. That means he couldn’t be de-horsed[taken out of the car he road in on]. So “we” had to make him think he was legally bound in ownership; and therefore no need to shop any further. To enhance this “illusionary ownership; the salesperson was told to “Hollywood It!”[To have him drive the car around the block]. Then say as you both get out of the car, “It’s no legally yours”.

        DC makes the car biz look mickey-mouse.

          1. RB:

            “U.S. Constitution went south with the passage of The Federal reserve Act”.

            There sue are a lot of other problems I can think of in the constitution, outside of codifying a public/private banking partnership’s control over the US dollar.

            Private “gold backed” control of the dollar was a disaster for most people in USA in the 1880s and 1890–unless you happened to be named Frick.

          2. Lost
            Yes the U.S. Constitution did not live up to the spirit of The Declaration of Independence. It was purposed for land/owners with the language trying to assuage the feverous spirit of that revolutionary generation.
            And even the subsequent revolutionary generations of the Constitution was not the divinely inspired structure w/in which politicians play cat-in-mouse games w/a broad public and w/o which they would have very little status. The US Government, widely thought by a propaganda-saturated and myth-ridden populace to be held in severe check by iron-clad constitutional restraints, can in fact do anything in the realm of possibility it deems expedient, w/or w/o the approval of the electorate or majority thereof, inside or outside of the terms of the constitution.

  9. And let’s not forget the monumental 9/11 gold heist either. Those tunnels from the FRBNY and JPM also branched off to the Customs House in WTC 6 which was mini-nuked and hollowed out like Yahweh’s apple corer had been taken to it.

    Underground tunnels and missing gold… Orcs and trolls, how appropriate.

    What’s next? Rhein maidens, enter stage right?

    1. “mini-nuked”?

      Um, and those purported tunnels would have to go under a good number of subway lines, the buildings aren’t next to each other–unlike Chase and the NY Fed?

        1. I assume you mean hole in the ground. No, jet fuel didn’t make that hole.

          But what happened is pretty clear from the videos of the towers falling, and it has nothing do with the use of nuclear weapons in NYC.

          1. I don’t want to derail this thread by going into the minutia of 9/11 but I’ve studied all aspescts of that day for several years. It brought me down the proverbial rabbit hole and speaking of holes, the one that gutted WTC 6 was caused by a serious bit of ordinance. The USGS report on the dust details all sorts of nuclear residue such at tritium and mininukes are why the WTC steel sublimates as the towers fall, the girders never hitting the ground. QED.

          2. b,

            No ordinance used that day to destroy any building in the WTC complex.

            No significant increase in radiation in NYC after that event. Also zero blast wave.

            The technology used was alchemical in nature, so there’d be residue left for misreadings–some akin to heavy hydrogen I’m sure.

            Think along the lines of a Romulan disruptor from the Star Trek TV series, but sans spaceship reactor as energy source and directed beam.

  10. The kleptomaniacs greed is so deep they think all the gold on Earth belongs to them alone. If this article is to be believed there hasn’t been a proper audit at Fort Knox for twenty eight years god knows what J.P. Morgan is doing with all this loot anyway. How long before they’re find they can’t find there nothing for these greed heads to eat because they’ve poison everything then what will they do then.

  11. An interesting series from this Singapore bullion company.
    The disinformation surrounding gold reserves (composition,amount, location, who really owns them etc.) is akin to the secrecy surrounding “UFOs”, while inverting the terms of the “seeing” and the official narrative.
    While we can’t actually see the gold, we are reassured that, like God, it really does exist.But while people have been seeing “UFOs” and related phenomena for so long, we are told officially that these don’t really exist.
    And many if not most people don’t blink an eyelid. An odd contrast with that old-style adage “seeing is believing”.

  12. And across the street from that Chase building, so diagonally across from the New York Federal Reserve is Brown Brothers Harriman.

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