VENEZUELA: “WE WANT OUR GOLD BACK.” BANK OF ENGLAND: ...

Yesterday I blogged about the Pentagram's...er... the Pentagon's recent failed audit. Well, seriously folks, who expected any other result? The whole affair was papered over with prose worthy of Hjalmar Schacht, interwar President of Germany's Reichsbank and mastermind behind such dubious monsters as the Bank of International Settlements, and spider at the center of a web touching Aristotle Onassis, the overthrow of King Farouk, and Indonesian President Sukarno.

And speaking of Hjalmar Schacht, Venezuela wants its gold back from the Bank of England, and the Bank of England, according to this article shared by Mr. B., is saying they can't have it:

Bank of England's refusal to return Venezuela's gold sets a worrying precedent

Get this:

On 5 November, the London headquartered Reuters news agency reported that the Venezuelan state, fearing sanctions, is attempting to repatriate 14 tonnes of gold from the Bank of England in London, but that this gold withdrawal and transport operation has not yet been actioned despite the withdrawal request being made by Venezuela nearly two months ago.

According to Reuters' sources which were two unnamed "public officials with direct knowledge of the operation", Venezuela's gold bar withdrawal delay is being caused by the difficulty and cost in obtaining insurance for the gold shipment, and also because the Bank of England wants to know what Venezuela plans to do with its gold once it receives it.

On 7 November, the establishment 'The Times' of London newspaper picked up on the same story, running a report that "British officials" want clarification on what the Venezuelan government intends to do with its gold after it receives it, and that these "officials" are also throwing up hurdles by insisting that for this gold shipment "standard measures to prevent money-laundering be taken".

Interestingly, in the above reports, both the Bank of England and Venezuela's central bank, the Banco Centrale de Venezuela (BCV), declined to comment. This means that the entire 'story' about Venezuela's gold that is now in the public domain is based on snippets of information that 'public officials', possibly from HM Treasury, fed to both Reuters and The Times.

Now, I've as little use for the "government" of Venezuela as I do for the "government" of Cuba; but that said, what Venezuela intends to do with its own gold is Venezuela's business. So I suspect there's more going on here than meets the eye, and perhaps a clue is afforded by that little phrase that the Old Lady of Threadneedle Street wants to insist on "standard measures to prevent money laundering be taken." And herewith we get into our trademark high octane speculation territory once again. There's much about this story that reminds me of good old Hjalmar, and specifically, his 1928 visit to the New York Federal Reserve, when he asked Benjamin Strong, then governor of said bank, to see the Reichsbank's gold. The nervous staff of the bank, you might recall, reported to Strong that they were unable to locate the Reichsbank's gold. "Not to worry," Schacht said with a smile (which in his case we can only assume to have been oily and unctuous), "I know you're good for it."

Let that one sink in for a moment: the head of one of the world's largest central banks was saying to the head of another large central bank (and international bullion depository), that he knew that the gold was gone, and thus the implication is that the NY Fed had used the Reichsbank's gold for other purposes, and that this was the reason it could not be located, i.e., it simply wasn't there. Why else would Schacht have said "I know you're good for it"? Nod nod, wink wink, elbow jab. There's nothing like good old-fashioned re-hypothecation to warm the crooked cockles of a central banker's cold heart. Just exactly what did happen to that German gold Schacht never said, but there's no doubt in my mind he had a good idea, and wasn't talking. After all, that (probable) knowledge gave him a bit of "leverage," and funny thing too, Schacht received a relatively light sentence at Nuremberg, only to re-emerge after the Second World War as a real behind-the-scenes wheeler-dealer (see above references to King Farouk, Sukarno, &c).

Which brings us back to Venezuela, for I suspect that the bit about being concerned about "money laundering" might be a bit of projection, i.e., of accusing others of doing, or intending to do, what one has already done oneself. In the meantime, come up with excuses for delays (insurance, money laundering concerns &c) until you can cobble enough gold together, and doctor the books so that the re-hypothecation doesn't show up.

See you on the flip side...

12 thoughts on “ VENEZUELA: “WE WANT OUR GOLD BACK.” BANK OF ENGLAND: ...”

  1. WOW great article. Think this is related to the IRS closing in on the Bank of England? And the coming fall of the petrodollar and currency reset?

    US Seeks Tax Revenue & Financial Records From Royal Family Amid DOJ Indictments Breaking Up Cabal
    https://www.dailycrusader.com/2018/11/us-seeks-tax-revenue-and-financial-records-from-royal-family-amid-doj-indictments-breaking-up-cabal/

    Also unrelated but have you seen this?
    GEORGE HERBERT WALKER BUSH JUST FAKED HIS OWN DEATH – 05 DEC HAPPENING CONFIRMED
    https://www.dailycrusader.com/2018/12/george-herbert-walker-bush-just-faked-his-own-death-05-dec-2018-happening-confirmed/

  2. Gold is needed by ET for craft shielding to get back home, is all.
    As for Schacht’s comment, many guesses to be had but who tells the truth , the whole truth, and nothing but the truth?
    Reminds me of Jordan Maxwell lately saying if you front them, they will just say, you and who’s army.
    Schacht and Associates had 400k BrownShirts at that time, but Hitler was Jolly Good with the Brits of his race , Schacht was Jolly good with BOE Norman ( supposedly an anti semite) and London City was not bombed the crap out of like all of Germany.
    You also need to Xray the gold, as White Man Speaks with Forked Tungsten Gold Bars. Preferably remelt them.
    Perhaps we should trade in honest men as they are rare and less corruptible. Or unicorns.

  3. Remember, remember,

    The 5th of November

    Gunpowder, treason, and plot

    I see no reason, why gunpowder treason

    Should ever be forgot . .

    . . . Sorry, got carried away or was it carried back to those remaining days of Guy Fawkes and the plotters to blow up King James I and Parliament. . .

    . . . One may need to ask, “Who is it that is representing Venezuela and demanding gold back?”. . Venezuela, last checked, was not a stable state, economy, or government, for that matter, while supporting a northward migration. . . Some folks might also ask, “What is Venezuela’s gold, if it is theirs, doing in England in the first place?”, , No doubt, long and complicated exchanges of alleged ownership and trading (more oil, than not probably). . .

    . . . Perhaps the Inca of Peru ought to demand their gold back, too, that was plundered and stolen by the conquistadors of Spain and Portugal. . . Or how about the Spanish and Portuguese, now mostly called Mexicans with indigenous tribal mixing, demanding southern portions back of the present United States back (when it wasn’t theirs in the first place). . . There seems to be more than a marching north and northeast across the Atlantic for gold and land going on. . . Quite trendy, actually, if not instigated by the greedy and ambitious. . . Let’s not forget the Chinese gold plundered during WWII by you know who and of course, you already mentioned the “Reichsbank’s gold” gone missing. . .

    . . . Usually a thief does not let the intended target of theft know they’re coming to steal the goods or are trying to gain entry to, say, a country for access of wealth and money laundering through nefarious deeds and transactions that are meant to traffic ill-gotten goods elsewhere. . . And then there are those unnamed “public officials” engaged in what seems to be dissimulating official gold talk and returns to presumptive owners. . . Certainly sounds like a deep one alright (might be a place or state), deserving a wide berth if not already wealthy to lose. . . Lest one is fortified with the means and assets, of course, to defend against potentially blatant plunderers. . .

    . . . Through exchanges, trades, and market manipulation of goods-services and commodities, ‘the gold’ need not necessarily or (better said) physically come from the English Island. . . It might be re-routed or trafficked south and / or north to Venezuela by air, rail, road, and ship. . . You know, Tom is to steal from Peter to pay Paul while not saying where the loot actually came. . . Makes one wonder who’s in the process of being black-mailed through pledges with fancy clad notes that promise tons of gold in possession of the note bearer. . . I suppose there’s always land, or sea ports, or oil rigs, or economy’s, or trafficking of what and who, or , , , . . . Very dark stuff, indeed. . .

  4. In the Bigger Picture, it seems like gold has been ‘disappearing’ for some time. By that, I don’t mean re-hypothecation (in itself, a quasi-criminal act). I mean going Poof. Not to be found…

    I speculated earlier that the gold might be going off-planet. (And yes, Lost, we know about your ‘gold can be made easily’.) Refined rare metals and DNA are about all that Earth can offer for interstellar exchange (now). Dangle a plethora (always wanted to use that in a sentence) of alien tech before people in earthly power, and scoop up the goodies. Works until said rare metals are demanded by the old owners…

    Speaking of which, if I wanted to bring-down the moneyed interests, I would begin a campaign of repatriation of gold. Get a dozen or so nations to demand their gold back from the usual suspects. Be relentless. Break them, then Expose them. Probably the only way to get them where it hurts…

  5. The Golds been pledged many times over; so much so, that if called to produce the physical gold? The excuses would become countless; from the sovereigns on down to the paper tigers, which means gold must be in one’s possession, or color it gone.
    Looks like the majority’s preparing for the gold standard to get back where it once belonged.

    The other gold choice is….?
    Bitcoin?
    A NSA back door? It’s cashless. Story-boarded-out decades ago?

    The outrageous fortunes of the Plutocrims already bought most of planet Earth and its assets w/their fiat and stolen booty/treasures[over centuries, if not milleniums]. Now, they simply want to lock those ill-gotten gains in-place; minus, of course, billions of useless people.

    Nations looking to back their currency’s w/gold are looking…
    Golden.

  6. This looking like all the gold-silver Spain plundered from the America’s situation where did it all go. What did the Bank of England buy with the other countries gold that is the question.

  7. not much of a fan for any number of ideologies. they have all been corrupted by aggressive predators pretending to be inept saviors at best.

    willing to bet jordan peterson and robert david steele are going to be the next such white knights thrown up against the wall in plato’s cave.

    that being said, maduro and chavez seem to have done fair work of insulating their lower classes against the privations imposed on them by the john galt members of their society. one could say mao and stalin did similar if one pretended that these two didn’t murder all the john galt members of society. i’d probably lump castros in with maduro and chavez if not for the fact that they were so jesuit trained and jesuit ruthless. and they ate steak while making the rest of cuba eat chicken.

    https://www.youtube.com/watch?v=_fV-C1Ag5sI&t=2513s

    one has to wonder who venezuela insured their gold holdings with. think it’s lloyds? at what point can they declare that gold as lost? wonder who they’re going to accept payments from for oil and in what currency now eh?

  8. The congregations of God is no nation state of gold termites. Druidic solar year is no bureaucratic calendar.

    Kingdom of heaven is the whirling vortex of standing tree stone, when man rises from the grave.

    Written on the inside of heart, are the star signs on heaven’s wall – since pyramidal time – in patristic exegesis.

    ANGELIC SAXON 31
    Zodiac is sky scroll,
    by round table, in calendar
    construction.

  9. Hey Doc F, Put this into context with this.. https://www.cbc.ca/news/canada/ottawa/fake-gold-wafer-rbc-canadian-mint-1.4368801 (Royal Mint is owned by the Queen..) but we have to remember the ‘Royal’ instructions to the bank of England back in 1931. . .
    From Ernest Harvey :
    “I am directed to state that the credits for $125,000,000 and Fcs 3,100,000,000 arranged by the Bank of England in New York and Paris respectively, are exhausted, and that the credit for $200,000,000 arranged in New York by His Majesty’s Government, together with credits for a total of Fcs 5 milliards [5bn] negotiated in Paris, are practically exhausted also.”
    “The heavy demands for exchange on New York and Paris still continue. In addition the Bank are being subjected to a drain of gold for Holland.

    “Under these circumstances, the Bank consider that, having regard to the above commitments and to contingencies that may arise, it would be impossible for them to meet the demands for gold with which they would be faced on withdrawal of support from the New York and Paris exchanges.

    “The Bank therefore feel it their duty to represent that, in their opinion, it is expedient in the national interest that they should be relieved of their obligation to sell gold under the provisions of [the Gold Standard Act 1925].”

    The Government’s response :

    “His Majesty’s Government are of the opinion that the Bank of England should place such restrictions on the supply of gold as the Bank may deem requisite in the national interest.”

    HA… holy Kangeroo…..

  10. This will only harm London’s now shaky hold over the international bullion market. In Caracas they had better start studying Schact’s memoirs….

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