repatriation

REMEMBER THAT GERMAN GOLD REPATRIATION? WELL, YOU MAY NOT HAVE HEARD ...

Mr. B. noticed this one, and passed it along with a passage in it highlighted in bold, along with his own speculations, So I read the article, and responded to him that I basically concurred. See if you can spot what he spotted:

In uncertain times, Germany takes more gold home

There's the usual bow to the meme of German fears about an uncertain financial and geopolitical future, and one can only imagine these fears have intensified with the recent backlash against Chancellorin Merkel's "refugee policy," which is being met with increasing popular opposition both in her own country and in neighboring Holland, Sweden, France, and Austria:

In the wake of the euro zone crisis, many ordinary Germans want to see more of the 3,381 tonnes of gold in vaults at home and some have even questioned whether it still exists, prompting the Bundesbank to recently publish a long list of gold bars.

Just over 40 percent of the reserve, which Germany started building in the post-war boom years, is now held underground at the Bundesbank in Frankfurt, while almost the same amount is stored at the Federal Reserve in the United States.

But then there's a hint of an underlying sea-change:

Holding gold reserves abroad is a legacy of the Bretton Woods system of currency management established after World War Two. Much of the precious metal stayed there during the Cold War, when the former Soviet Union occupied eastern Germany.

...

Proof that it is still in safe hands is important for many Germans. The Bundesbank said all gold bars are "thoroughly and exhaustively inspected and verified" on arrival

Now, when one puts those two statements together, one ends up with the idea that Germany stored its gold in the USA to keep it safe from the prospect of an invasion by the Warsaw Pact, and that it now wants its gold back from the USA because that trust in its ally is evaoprating under the solar flare of American-sponsored sanctions against Russia. Russia has no plans of invading Germany, and just about everybody knows this except the neocons in the American Pentagon and State department. To put it country simple: Germans want their country's gold on German soil because the USA is no longer to be trusted.  One cannot blame them. Most informed Germans know of America's Morgenthau plan for postwar Germany, a plan almost as draconian as what the Nazi regime had planned for the Soviet Union had it won that war, and that included the reduction of the German population by one half, and a complete denuding of the country of its powerful industrial base. It was a plan to basically undo the unification of Germany, and split it up back into smaller states, a plan to role back the clock to before 1871. Of course, that plan evoporated too - thankfully - in the realities of the postwar world. But American heavy-handedness has not as its allies are increasingly treated less as allies and more as satrapies.

But this is not what leaped out to Mr. B, and to me, when I read the passage in the article that he had pointed out in his email. It's the following passage, and it isn't about Germany at all, except in a roundabout way:

France, Germany's closest political ally in the euro zone, keeps less than half the amount stored in London and will have none at all by 2020 when half of the overall reserve will be guarded in Germany's financial center.

I have to admit, I did a double-take on reading that sentence. I actually said "What!?" out loud and to no one in particular. France is pulling all its gold out of London, and is going to store it in Frankfurt where it can be "guarded?" Probably you're thinking all the same questions I'm thinking: why not store it in Paris and guard it there? France, after all, has great big bank vaults and modern technology and burly gorilla security guys to guard things just as much as Germany does. So why store it in Frankfurt? One reason, of course, is that the European central bank, the bank for the whole EU, is located there (you can thank Chancellor Kohl for that little maneuver). So there's a story here, and one suspects it's a much deeper story than we're being told.

So here comes the high octane speculations of the day. Why is France moving all of its gold from London to Frankfurt by the year 2020(and why haven't we heard about that until now), and why is Germany repatriating more of its enormous gold cache? One thing that springs to mind, is that the move in Great Britain for  BREXIT, for a British exit from the EU, is growing and gaining strength, in spite of Mr. Cameron's attempts to forestall it by negotiating away many of the choking regulatory policies of the Brussels bureaucrats. Perhaps the EU powers that be - and let's face it folks, those people are in Paris and Berlin, not Brussels - have seen the handwriting on the wall, and are planning accordingly for an "amicable divorce." Britain would lose very little should it happen, and gain a measure of independence.

That's one possibility.

But there's another, beyond BREXITs and German mistrust of its American "ally."

That other possibility is Deutschebank, which is a financial crisis just waiting to happen. As most people know, Deutschebank's exposure to toxic derivatives in the form of credit default swaps is now estimated to be around $60,000,000,000,000... that's sixty trillion dollars, more than the gross domestic product of the United States, and a few other large economies to boot. It's a meltdown waiting to happen, and it's probably no accident, in the light of this little revelation, that the big German banking giant is headquartered in its own twin towers in Frankfurt. That's a lot of bad paper, and it won't be fixed by paper assets (say, in various bullions).

Maybe Deutschebank has one of those "secret tunnels" to the European Central Bank for precisely such emergencies, just as there is rumored to be a similar "arrangement" between the New York Federal Reserve and the various big New York banks clustered around it. You never know, but in today's world, nothing really surprises me any more.

See you on the flip side...

31 thoughts on “ REMEMBER THAT GERMAN GOLD REPATRIATION? WELL, YOU MAY NOT HAVE HEARD ...”

  1. Sorry to spoil the speculation, but you and Mr. B. are misreading that sentence: it is NOT about *french* gold.

    Actually the german gold that was stored outside of Germany, most is in New York, some in London, and about half the London amount in Paris.

    What the sentence is meant to say is that ALL of the *german* gold stored in Paris will be moved to Frankfurt. Whereas from London and from New York only a part is planned to be repatriated.

  2. Interesting move re Deutsche Bank today. When they have to tell the markets that everything’s all right really (honest guv…), you have to wonder how bad things really are:

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12148961/German-finance-minister-and-bank-chief-insist-Deutsche-is-rock-solid.html

    Re Cameron’s EU “renegotiation”, he’s gained nothing of substance and anything gained will be:

    1) subject to agreement by the rest of the EU
    2) only available on application to Brussels for permission if the circumstances require it.

    Unfortunately, Brexit, if it comes, is likely to come at the expense of the breakup of the U.K. as the most likely scenario in that case would be England voting to leave and Scotland, Northern Ireland voting to stay. (Wales is harder to call). Might be best to sit tight and let the EU fall apart of its own accord, which is still a distinct possibility.

  3. sagat1 i think you’re on the path to pertinence and accuracy.

    the combinations to justify and excuse longs lists of catastrophes that justify taking all the wealth of the 99% and passing it to the .0001% are infinite

    climate change? world war IV? brexit to join up uk and us? or brexit to join up uk and bricsa?

    bottom line is the banksters will exit the dollar once they’ve siphoned all the value out that they can. apparently that time is coming closer. how the exit is done is what we’re discussing.

    anyone got clues when? and how to protect ourselves in the process?

    1. Zendogbreath – I don’t believe these Chinese cities have been constructed just to lay dormant and decay. They’re state of the art and have been built with the sole aim of ‘filling’ them up with people.

      I might be completely out of kilter, but consider the fact that the Chinese have also been cloning famous European landmarks, replicating famous western buildings, sometimes complete areas such as Manhattan at an unprecedented rate (article below for reference). Is this part of a long term strategy to make potential western settlers feel acclimatised to their new surroundings should they be forced into upping sticks and migrating?

      http://www.dailymail.co.uk/news/article-2258975/Chinese-fakeaway-How-worlds-famous-buildings–cities–cloned.html

      Your point regarding the UK partnering up with BRICSA may well be on the money. Let’s not forget that Britain has already partnered up and joined China’s answer to the World Bank. HSBCs history with Shanghai are well known and there’s that gleaming new financial hub and version of Silicon Valley sat there and ready to go. Perhaps The City’s business continuity plan on steroids?!

  4. If the news about the French moving some of their gold to Frankfurt is true (that could lead us to wonder where that leaves “grandeur”) that is another one of those signals that have been going on and which the oligarchs are careful not to discuss clearly in public.
    They claim that gold is no longer so important, but why are they still playing this old game (since the end of WWI) where “I’ll keep a little of my gold in your country and you leave a little of yours in my country”. It sounds like surety – but surety for what?

  5. Perhaps if the gold is “moved” to Frankfurt there will be another terrorist attack, this time there, blowing up all the deutschebank evidence and caused by “refugees”?

    1. Yeah, I got that ‘twin towers’ reference, too. It would be ironic if the next 9/11 was not on American soil, after all…

      In a non-BOOM world, I could see what marcos was pointing-to. There is a core-segment of EU countries (Germany, France, a few others) that are quasi-healthy, finance-wise. The outliers (Greece, Italy, Spain, etc.) are ripe to be IMF-ed. (Plus The Ukraine, God help them.) It is possible that Germany and France want to make this ‘status’ official by either seceding from the EU and forming their own Empire or reorganizing the EU on a ‘class’ basis. The gold moves could be seen in this light, particularly if GB secedes and/or moves into a GB-US alliance.

      Like many others, I am curious whether the DeutscheBank gold in the Fed still exists. The Germans may have written that off, and are moving to respond to that overt betrayal…

      1. P.S. I am sure the Germans have the trauma of the Weimar years (ultra-debasement of their currency) anchored deeply in their collective psyche. I am sure the term ‘Never Again’ is now coming to mind…

  6. A while back we had discussed the medium of writing; specifically digital versus yesterdays printed form. Both, of course, coexist today with the digital trying to muscle out the tradition book form via monopolized distribution centers[like amazon].
    First when writing, there is the mediation between writer and the page. Then there is the mediation between the reader and the writer.
    This process of reading also means production[seller] and creation[writer; and now – interface/technologies, have become a collaborative creative space. This will evolve, I hope more into a less commercialized structure that does not follow market fundamentalism, but rather taking the best from all technologies for the benefit of 100%; not the 1% controlling the markets and, unfortunately, the dialogues therein.

    1. The search engines will never let that happen. He who controls the search engines controls online commerce, dialogue, and cultural de-evolution. Already small independent suppliers are extremely difficult to find unless you already know their exact web address. I’ve noticed their efficiency at blocking access to their would competitors is almost perfected. There is no more free web and won’t be unless a completely wireless and serverless system can be developed.

    2. The search engines will never let that happen. He who controls the search engines controls online commerce, dialogue, and cultural de-evolution. Already small independent suppliers are extremely difficult to find unless you already know their exact web address. I’ve noticed their efficiency at blocking access to their would competitors is almost perfected. There is no more free web and won’t be unless a completely wireless and serverless system can be developed.

  7. The obvious peeling the onion layers of deception preclude a deeper structure of organization that leads very deep in complexity and organization; plus very deep in time.
    In other words, whoever they are; they are exponentially highly-organized, but it goes waaay back into the ancient past where the seeds were generated

    1. Herein, I’m going with an old theme of mine regarding deception; in that, it is intrinsic to the very nature/structure of space/time itself – and that others have a deep knowledge of it, and have applied throughout the universe[s] in their seeding programs.
      Thus, there is an organization manifested within these seeds that follow instructions, within this Matryoshka-doll structure. Thus, a weakness to this current totalitarian system, maybe decentralization.
      Rather than picking a centralization A versus a centralization system a subprime 1; discard centralization period.

      1. in other words, try and fashion a system more inclusive, while running parallel in a nearly-equalized distribution disbursement, that is more human than mechanized; yet, still maintaining order.

      2. Hey, Robert, did you ever read the ‘Lensman’ series of SF books by E.E. ‘Doc’ Smith? He basically talks about that ‘deeper structure of organization’ as coming from an Elder Race who are, shall we say, ‘Not Nice’. From Wikipedia:

        “The series begins … two billion years before the present time and continuing into the near future. The universe has no life-forms aside from the ancient Arisians, and few planets besides the Arisians’ native world. The peaceful Arisians have foregone physical skills in order to develop contemplative mental power. The underlying assumption for this series, based on theories of stellar evolution extant at the time of the books’ writing, is that planets form only rarely, and therefore our First and Second Galaxies, with their many billions of planets, are unique.

        The Eddorians, a dictatorial, power-hungry race, come into our universe from an alien space-time continuum after observing that our galaxy and a sister galaxy (the Second Galaxy) are passing through each other. This will result in the formation of billions of planets and the development of life upon some of them. Dominance over these life forms would offer the Eddorians an opportunity to satisfy their lust for power and control.

        Although the Eddorians have developed mental powers almost equal to those of the Arisians, they rely instead for the most part on physical power, which came to be exercised on their behalf by a hierarchy of underling races. They see the many races in the universe, with which the Arisians were intending to build a peaceful civilization, as fodder for their power-drive.

        The Arisians detect the Eddorians’ invasion of our universe and realize that they are both too evenly matched to destroy the other. The Eddorians do not detect the Arisians, who begin a covert breeding program on every world that can produce intelligent life, with particular emphasis on the four planets Earth (Tellus), Velantia III, Rigel IV, and Palain VII, in the hope of creating a race that is capable of destroying the Eddorians.”

        Sound vaguely familiar?

        1. Yes Goshawks.
          Too familiar. I too have pondered much upon this interface with dimensional intelligences through symbolic energies in the form of moving mass[e=mc2]. That would be manifested in the world around us a reality. But, the reality is an illusion brought on by our minds interpreting electromagnetic energies through our senses. Thus it is possibility to get on the same thought/process/observer/collapse wavelength and form a moving platform of energies/mass, in fluid sync, through time, symbiosis thoughts/observers/collapses manifesting into physical realms.
          How’s that for a stream of conscious answer to your post?

  8. Could the French transferring their gold to Frankfurt Germany signal a revival of the Carolingian Empire. France and Germany are the western and eastern parts of this. That leaves Italy plus the area to it’s north and could this signal a rethink of the European Union.

  9. As we’re all to aware, the preferred approach to reset the financial system in favour of the banksters in the past has been to trigger a world war. Of course since the introduction of nuclear missiles it’s not so simple to implement as they effectively wipe themselves out via the press of a button and no one wins.

    I can’t help but think they’ve attempted to get around this problem by pushing mass migration with the eventual aim of causing mass civil unrest in western countries. A few false flags and a baying media more than happy to sway public opinion is all that’s ever needed nowadays to get the desired effect. The London riots a couple of years ago had the distinct suspicion of being engineered as police were told to stand down and allow the anarchy to unfold. A testing ground perhaps?

    It leads me to ponder whether this is one of the reasons why China (instructed by some world governing board of control or more commonly referred to as the illuminati) was set the objective of constructing huge cities and accompanying infrastructure which currently stand unused and quite ghostly – the expectation of western flight perhaps?

    To think each country isn’t in cahoots with the next just doesn’t sit well with me as there are countless ways they could expose their so called ‘enemy’ and bring about their fall should they have the inclination to do so. It’s all theatre with certain players painted as the bogeymen.

      1. Robert, speaking of exit strategies and being a follower of the Keiser I’m sure you’re already aware of the fact that many banksters are buying ‘secret boltholes’ where they can hideout in the event of civil uprising, the inevitable outcome of growing inequality.

        It’s been reported that hedge fund managers have been purchasing landing strips, homes and land in areas such as New Zealand so they can flee should people wake up to their criminal acts and take retribution.

        1. It doesn’t surprise me Sagat1, that the super family Muroidea; specifically of the genus Rattus, are doing what they done for centuries – fleeing the ships they infested for island paradises. And…
          Once they land, as the song goes…

          they’ll turn paradise into a parking lot.

    1. That’s why they developed biologicals. And that’s why there is a need to have every powerful nation on board. Can’t have Russia, China, Brazil, or the US secretly vaccinating their populations while everyone else is duped into following through with the game plan; otherwise they would over night become the new world power and have control over the rest.

    2. I agree re resetting the financial system. Don’t forget as well that mass migration also has the more straightforward benefit of bringing cheap labour to capital in cases where it may not be possible to move capital to where cheap labour is, so it’s win-win for them.

  10. With all the recent hoo-ha over the Moneychangers putting China’s economy in play, with the flying monkeys of finance — the hedge funds and the Eye of Soros — unleashed in a concerted effort to try to take down the yaun as context, someone posted the comment on a financial blog that China had been recycling dollar-paper for hard assets and vaccuuming up gold at an unprecedented rate in preparation for launching a gold-backed international/settlement currency, and that struck me as exceedingly plausible, as well as a brilliant strategy and an extremely dangerous development for the entire fiat Ponzi scheme known as the “Western financial system.”

    A heck of a lot of dots got connected in one fell swoop — the real reason for launching the AIIB and the BRICSA Not-Swift system and their overwhelmingly warm reception; the large, continuing gold accrual by China and Russia and Kazakstsan; the Silk Road initiative; the German gold repatriation efforts, Lavrov’s outspoken confidence in telling the US to get stuffed and laughing off the US sanctions, and on and on.

    Of course, the banksters are digging their own graves by suppressing the precious metals markets and not allowing gold and silver to find their true value so as to prop up the dollar, thus giving China and Russia huge discounts on their gold-buying sprees. Shades of Marx and selling the rope to hang themselves.

    If this little thermonuclear prediction has any truth to it, then France’s move to get their gold out of the City and over to Frankfurt makes perfect sense.

  11. How not the only one to do a double-take when you saw that Dr F. One wonders if there are ‘secret’ alliances being made for even more-secret reasons. Off-planet reasons.

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