Babylon's Bankers

FAKE GOLD BARS… AGAIN… THIS TIME WITH CERTIFICATION

Yesterday, you'll recall, I blogged about the recent Deutsche Bank study that said two things were at the heart of the current financial system's instability: fiat money (monetized debt), and the absence of a gold standard. The solution being pushed in that study was, of course, a cashless "blockchain" system.

Now, the fact that a major bank like Deutsche Bank - a bank that allegedly carries massive amounts of bad paper and derivatives on its books - would be advocating the serious consideration of blockchain technologies as a serious alternative, should at least raise some concern and suspicions among those who are uncertain about such cryptocurrencies, and should serve to dent some of the enthusiasm certain circles have been showing for them.

Or to put all of that "country simple", something about them has never passed my "smell test." It has that mildewy mildly unpleasant stink of rotting money that one encounters in the physical presence of such banking establishments and the dynasties running them.

But anyway, back to the main point: gold. What I find somewhat interesting, and perhaps even something a little more than "coincidental," is that in more or less the same "time frame" of this ongoing financial mess, the following story also appeared(this was shared by many regular readers here: thanks to all of you):

"This Could Be Huge": Gold Bar Certified By Royal Canadian Mint Exposed As Fake

Well, I seldom take issue with the title of a story, but in this case, yes, it's huge: the Royal Canadian Mint apparently certified a gold bar's purity when the gold bar was not gold.

And it's difficult to imagine that simply being the result of a "mistake" or "bureaucratic oversight" on the part of the mint. Given all the other strange stories about gold in the past few years, including cases of fake tungsten-filled bars being sold to China, and the difficulty Germany had initially in repatriating its gold (and its subsequent reticence to allow real independent audit of the purity of that gold), it raises questions.

And the questions being pointed to all end in one word: fraud:

According to CBC, the Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings has emerged as a fake. According to the Canadian press, the one-ounce gold piece, which was supposed to be 99.99% pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. The problem emerged when tests of the bar showed it may contain no gold at all. And, when neither the mint nor RBC would take the bar back, jeweler Samuel Tang contacted CBC news.

Now the problem is of course that perhaps someone else simply stamped the bar with the Canadian Royal Mint's seal. The problem here is that the purchaser of the bar, as noted above, purchased it at a Royal Bank of Canada branch, which would seem to imply that that bank is part of a "distribution" network for something far-less-than-kosher, notwithstanding that

The Royal Canadian Mint said in a statement to CBC it is in process of testing the bar, "although the appearance of the wafer and its packaging already suggests that it is not a genuine Royal Canadian Mint product."

Well, if that's the case, then why did the Royal Bank of Canada not detect the problems with the packaging?

And as the article itself notes, a counterfeiter doesn't produce just one example (consider only the allegedly suspect packaging referred to above. Why go to all that trouble for just one bit of product?). So, in short, we're back to the implication that the bank which sold the bar may be part of a distribution network - perhaps unwittingly, since it appears it cannot tell the difference between genuine packaging and "fake packaging."

And all that is assuming, of course, that we're being told the complete story, and that the counterfeit didn't originate with the Royal Canadian Mint itself.

The bottom line? Well, in a world where blockchain technologies and cryptocurrencies are being advocated in conjunction with gold for a restructuring of the financial system, it would appear that the gold component isn't perhaps such a stable component.

And while we're at it: since we're talking about a restructuring of the financial system, why is no one  raising the question of the personnel running it? After all, that's where the real corruption starts. It' beginning to look like, if there is to be a genuine "reset", that everyone connected to that system should be vetted. And that of course, is itself a nightmarish proposition, and an indicator of just how bad things are: why put a new system into place, based on bullion and blockchain, if the same people are basically left in charge of it?

The basis of any functioning economic system is not technology. It is human trust. And where there is corruption to the extent we've seen in the last few years, trust evaporates. The economic system is a moral system. And the problem is, the financial community and major banks have been shown to be almost entirely bereft of it.

See you on the flip side...

 

 

19 thoughts on “FAKE GOLD BARS… AGAIN… THIS TIME WITH CERTIFICATION”

  1. This distracts from the doozy. HSBC has suddenly become rich. Perhaps has something to do with JPF’s previous investigations….

  2. We can’t trust crypto curencies, we can’t trust banks, we can’t be sure gold and silver aren’t counterfeit, how the hell are we suppose to trust a reset?
    What are we to do?
    SIGH

  3. (Modded. Likely the word “Ti tanic”. Let’s see…)

    JPF: “…if there is to be a genuine ‘reset’, that everyone connected to that system should be vetted.”

    And there’s the rub. It would take someone/something ‘outside’ the current System to ‘vet’ the highest Players. Anything less would be just shuffling the deck chairs on the “Ti tanic”…

  4. JPF: “…if there is to be a genuine ‘reset’, that everyone connected to that system should be vetted.”

    And there’s the rub. It would take someone/something ‘outside’ the current System to ‘vet’ the highest Players. Anything less would be just shuffling the deck chairs on the “Titanic”…

  5. Robert Barricklow

    A long ways from the days when Benjamin Franklin/Thomas Jefferson fought to issue our own currency. The next War of 18212, fought for the same PRIMARY reason.
    Then they let the banking cartel in.
    Traitors-R-Us took over…
    and its been down hill since.

    1. Robert Barricklow

      “They” vet their people for honesty.
      The honest ones are the worker bees.
      The dishonest ones are let loose in the system to see which are the most ingenious & profitable thieves,
      Some then change positions with their counterpart parts on the public side of the Worldwide CORP INC. ledger.

  6. Robert Barricklow

    Fraud: The basis of modern-day financial capitalism.
    All the billionaires on up base their wealth on: Fraud.

  7. Seems to me the structure of everything is set up to encourage and reward corruption as excuse for the death of one system and ushering in the new for the 100 year game: cryptocurrencies. Almost like someone has perfected an alchemical process that creates gold that isn’t gold but under certain circumstances can appear as gold and pass the tests? But then if their is so much corruption perhaps they wouldn’t need to.

      1. This Russian transmutation news was posted here when it came out; seems to have dropped off the radar, but we will probably be hearing more. Not so sure about the Philippines angle in the article, the WW2 Golden Lily loot could be involved… but maybe the Japanese have been doing a little transmutation themselves, somewhere or other…

  8. This one shows massive corruption and negligence at work in the Canadian mint. Apparently, the retail PM aftermarkets are flooded with fake Chinese bars in various mints’ packaging (just like all other expensive consumer goods) and caveat emptor — consumers must buy from reputable dealers to avoid scams.

    But here we have the actual mint shipping these fakes out to banks. Obviously, there’s a complete breakdown in the mint’s security, allowing corrupted employees to swap out the real bars for fakes somewhere along the distribution chain. Just more rot and decadence, where these organizations become so complacent that management no longer attends to the basics. It’s everywhere, sadly.

  9. Officialdom will have to come up with SOME explanation about this incident. Exposed this time thanks to a jeweller using an old-fashioned rolling mill.

  10. Now you don’t suppose this is being done on purpose, with plausible deniability by those very banksters, in order to cast doubts on any type of gold backed or other hard currency in order to force the “new” system into blockchain or digital money, do you? Given the absolute lack of “security” to anything digital, due to designed in “back doors” and hacking, I wouldn’t trust anything they propose along those lines. I certainly do not trust any type of “cashless” economy, which is exactly what they are steering us toward as part of their total control/ surveillance matrix on a global scale.
    They are much closer to their end game than most realize. The obvious use of directed energy weaponry in California in order to force their agenda’s upon us should make that readily apparent.

  11. QUOTE :
    “It has that mildewy mildly unpleasant stink of rotting money that one encounters in the physical presence of such banking establishments and the dynasties running them.”

    It has that mildewy (extremely) unpleasant stink (and/or stench..) … of (the) banking establishments and the dynasties running them….. fixed. 🙂

    I’m reeling from the fact that its the ROYAL canadian Mint.. Especially when you see the Queen getting splattered with disgrace from the recent Paradise Papers..

    Hang on.. Lets go copy paste some lines from Canada Mint’s own website and Wiki..

    “About the Royal Canadian Mint
    The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale.”

    so….
    “Canadian Crown corporations are state-owned enterprises owned by the Sovereign of Canada (i.e. the Crown)”

    The Crown :
    The Crown is the state in all its aspects within the jurisprudence of the Commonwealth realms and their sub-divisions (such as Crown dependencies, provinces, or states). The term is metonym for both the state[1] and the reigning monarch…..

    Elizabeth II is the living embodiment of the Crown in each of her realms…

    Hmm.. I was thinking that its all part of a Pyramid scheme.. with the Queen being part and parcel.. with her credit companies at 99 percent.. but that’s more money laundering for drug cartels.. or illegal oil buying.. or selling uranium.. maybe..you know with the paradise papers coming out..

    Just found this link..
    https://www.benzinga.com/general/education/17/04/9304118/the-business-of-literally-making-money-the-private-model

    QUOTE :
    ““We are profit-based as an organization and mandated to operate that way,” said Alex Reeves, senior adviser of external communications for the Royal Canadian Mint.”
    “The challenge of the mint, then, is to produce cheap enough coins to sell below assigned value while still generating profit.

    “We have ensured that the cost of producing a circulation coin is always below its face value,” Reeves said.”

    I think we’ve found their fool-proof method of ensuring a profit…

    QUOTE :
    ““Naturally, we seek efficiencies through a lot of research and development, and that includes improving our processes as much as possible,” Reeves said.”

    Lots of research and techniques.. like.. swapping Gold for Tungsten and selling it to gullible people who tought that a Mint stamp actually meant something..

    AH… this story comes up with a little searching..https://www.thedailybeast.com/who-stole-the-big-maple-leaf-the-biggest-coin-in-the-world-10

    QUOTE :
    “The mint had achieved a milestone in the industry. They had developed the technique to create coins that were 99.999 percent pure, or “five-nines” in mint-speak. The last time the Canadians had reached such a milestone was in 1982, when they produced gold that was 99.99 percent pure.

    The minting of bullion around the world is a competitive game, with each organization striving to be the very best when it comes to producing gold. Each mint releases the product of their labors in the form of bullion coins stamped with their own personalized theme—the Philharmonic for Austria, the American Eagle in the U.S., and the Australian Kangaroo for Perth.

    The Royal Canadian Mint was excited to release their latest 1 ounce Gold Maple Leaf coins and blow their competitors out of the water in terms of purity.”

    So they had an reputation for the purity of their gold… and its a very competitive market.. especially with all the cryptocurrency malarkies going on… and buying gold, etc. etc..

    Could this be a case of industrial espionnage and sabotage…??

    There is no gold anymore.. Germany took it all back and the Rothechild’s bought all the rest… and the OSS.. ah sorry CIA cant get to the Phillipino stash any more now that Putin has gifted a load of Russia tech to Duerte.. well… it’s said that he gave it away because Duerte couldnt buy it..How much Gold did Russia stockpile lately??

  12. anakephalaiosis

    Fenrir bit off Týr’s right hand, and one could no longer distinguish between ‘handshake’ and ‘sword hand’. Clandestine warfare is striking blow in disguise of peace.

    Fenrir was bound by rope in ‘truce within tripwire’, as sanctity within boundaries. That is the original ‘clearing system’, when a word was a Word, and a man was a Man.

    Fasces was originally a primitive instrument of ‘clearing’, provided by rope, fence pickets and axe to terminate transgression against truce. This is origin of HONOUR.

    (PS. When one understands this principle, one will not subscribe to honour, UNLESS it is bound by social contract. Pandora’s box is no contract.)

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