FAKE SWISS GOLD BARS IN CIRCULATION
Our deep thanks to M.D. for spotting this "little" story, because I suspect that there's much more lurking here than meets the eye, and I'll boil it down to a bit of a supremely wild and woolly high octane speculative thesis: (1) if you can have a hidden system of finance, reliant upon fraud, cooked books, outright theft, and re-hypothecation to infinity (and trust me, there's a relationship to Mr. Central Bankster's flirtations with infinite debt here), then (2) you can have fake gold standards.
"Say wha....?" you might be asking. Patience, we'll get back to that. Here's the article from Reuters that M.D. spotted:
Exclusive: Fake-branded bars slip dirty gold into world markets
Now you might recall I've blogged several times about these "fake gold bar" stories, usually in connection with the discovery of gold-coated tungsten bars out of China, or in connection to gigantic billion-plus-dollar loans collateralized by fake gold (also out of China). I mention all this because it provides a nifty context in which to weigh the current flight from the American dollar as more and more countries appear to be willing to entertain China's yuan as a basis of some sort of reserve currency... that's how bad America is being perceived right now if you're willing to trust a country where that sort of fraud and corruption takes place, and I suspect it's what happens when countries whose currency is a reserve currency weaponize that currency for the maintenance of a political policy narrative: trust in it quickly evaporates. No surprise there.
But there might be something else going on. Consider the following from the article:
Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.
In the last three years, bars worth at least $50 million stamped with Swiss refinery logos, but not actually produced by those facilities, have been identified by all four of Switzerland’s leading gold refiners and found in the vaults of JPMorgan Chase & Co., one of the major banks at the heart of the market in bullion, said senior executives at gold refineries, banks and other industry sources.
Four of the executives said at least 1,000 of the bars, of a standard size known as a kilobar for their weight, have been found. That is a small share of output from the gold industry, which produces roughly 2 million to 2.5 million such bars each year. But the forgeries are sophisticated, so thousands more may have gone undetected, according to the head of Switzerland’s biggest refinery.
But these are not your standard-issue fake gold bars with gold wrapped around an inert and relatively worthless metal like lead or tungsten. Oh no:
The counterfeits in these cases are subtler: The gold is real, and very high purity, with only the markings faked. Fake-branded bars are a relatively new way to flout global measures to block conflict minerals and prevent money-laundering. Such forgeries pose a problem for international refiners, financiers and regulators as they attempt to purge the world of illicit trade in bullion.
Ahh... so it's a way of disguising "conflict bullion"... I see. Oh, but wait, maybe not:
High gold prices have triggered a boom in informal and illegal mining since the mid-2000s. Without the stamp of a prestigious refinery, such gold would be forced into underground networks, or priced at a discount. By pirating Swiss and other major brands, metal that has been mined or processed in places that would not otherwise be legal or acceptable in the West – for example in parts of Africa, Venezuela or North Korea – can be injected into the market, channeling funds to criminals or regimes that are sanctioned.
It is not clear who is making the bars found so far, but executives and bankers told Reuters they think most originate in China, the world’s largest gold producer and importer, and have entered the market via dealers and trading houses in Hong Kong, Japan and Thailand. Once accepted by a mainstream gold dealer in these places, they can quickly spread into supply chains worldwide.
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https://rumble.com/vyuwxv-russia-central-bank-announces-ruble-bound-to-gold.-5000-rubles-per-gram.html
Way to go, Texas! Wild West in Russia! Cossacks are saddling up.
This is gold rodeo, and communist are thrown face down, in the mud.
Alex Jones is also ready to ride, starting his own mint memorabilia.
I want golden Buffalo coins.
“Illegal gold.”
Seems like the west is trying to quarantine monetary commodities from the southern masses, otherwise their fuedal tokens may lose value….
It was mostly hard work, and a dash of ingenuity, that made a light bulb, according to Edison himself.
Gold is just a means, to measure fruits of labor, and fiat money is way to steal apples, by trickery.
When man is happy in his work, he finds himself coworker in creation. Rebuilding the West is no problem.
Growing plants toil in happiness.
Rule to go by – Don’t trust any “standards” forced on you by any entity that has no moral standards.
Moralist bureaucracy falls prey, to communist subversion. Conscience is vigilant, against wolves in sheepskin.
Can we suspect North Korea to play a role into the refinery?
Guess those who’ve invested in (hands-on tactile) gold recently will need to break out their 4,500-year-old touchstones of slate, feldspar might due in a crunch and start testing for purity based on that quick touch. Sure hope folks know the difference between fake, refined (but tampered with), and genuine Au since now there’s been doubt cast onto the end refiner’s and their integrity.
But this leaves a question do the State Alchemists have a Philosopher Stone that can turn base metals into Gold and are they using it?
They probably have a more reliable touchstone of hand-me-down slate several millennia old.
Good one Marcos Toledo!
I’ve wondered that myself.
There is calmness, in the eye of the storm, and one step, in whatever direction, will unleash the demons beneath the road. Europe will NEVER unite in a union, because war atrocities is a quick reminder, what fate politicians can expect, down the road. And then the feet dragging starts.
Heathens don’t have morals, and they laugh, at Pope Satan and the great American moralists, pointing fingers. When great American moralists are shooting buffaloes, through train windows in the Ukraine, then there is neither common sense, nor restraint of instinct.
Chief Seattle is a redskin, and yet he could well have been heathen in Europe, because his view of the world is the same, as Abram held in ancient times. The great American moralists must have gotten seasick, in their thinker, on their voyage to the New World.
Perhaps the great American moralists suffer, from cutoff roots, and can’t find the compass in the sundial? What gold standard is for merchants, sundial is for farmers!
32-point compass as epigenetic narrative:
https://dl.dropboxusercontent.com/s/pnz9jpb73u1gfla/druidry-for-dummies.pdf
Ancient Scythians operated, as lone snipers, with hit and run tactic, ensuring their own escape, by Parthian shot technique, that allowed them to live, and repeat.
It gradually diminished the Assyrian numbers, and that emboldened a coalition, with the Medes and the Akkadians, that brought down Nineveh, and changed history.
Ancient Scythians entered Europe, as Saxons, and some haven’t changed through the ages, and have stood their ground, against empires of all sorts, because roots go deep.
Heathens understand the Holy Writ, whereas Christians have brain fog, in their mental box.
Loved it!
“Fake gold standards.[only markings fake/gold real]”!
One would think that:
Globalized Economies = Fraud$ R. US
One would venture to conjecture:
illegal gold industry = illegal drug industry[in some extraordinary measure].
Another interesting conjecture become a twisting of an old W.C. Field joke;
“Hey! Who put fake gold, in my fake gold!”
All around the globe boxes of Wheaties are being shorted; chocolate bars are shrinking; laundry soap boxes are half full, at full price.
“They” looked for something that could be rehypothecated;
something cheap, easily copied, and controlled = digitized currency;
then tied to a gold standard.[hint: A Godzilla Sized Fraud].
Johnathan Swift would easily find a crack; to fit into these feuding times:
https://laphamsquarterly.org/rivalry-feud/crack
Oops!
Not the Lilliputians breaking eggs:
from the top; vs. breaking eggs from the bottom, feud
Scrambled eggs are diplomacy, in Lilliput, and the fire department is the local pub.
With gold as legal tender, bars can be melted at the local mint, into species, stamped with coin images, like Mickey Mouse, Geronimo and Alex Jones etc.
Today, weighing gold is easy, with precise electronic scales, compared to traditional balance scales.
Paying gold at the pub is iconic.
I wonder if there is another form of gold; closer in form, to a monatomic gold?
A type that is tradeable, say in galactic parlance.
A Cosmic Gold?
Ironically, this may in living form, rather than mineral.
Being that; a living universe, values life more?
Gold has a similarity to fiat currencies: its value is based on people believing that it’s valuable. Without that, it would likely be selling somewhere around the price of silver, which is primarily an industrial material.
There should have been record keeping as to the quantities of gold that the Nazis and the Japanese acquired. The lack of knowledge on this may have its own implications.
I read somewhere that wampum wasn’t just any sea shell, it was the ones with some purple tinging.
There is a movement beginning against private trades and ownership of gold and silver bullion. It’s a way around the cashless slave society envisioned by UN Tyrants and Neo-Monarchies. This may just be the creation of a fictional problem to justify an unpopular move against this growing trend.
Plus, if they can make all privately held gold bullion suspect and stop it’s trading and possession by the little guys it will drive down the demand for gold as a safe haven and scare the current holders into selling in mass before the new regulations devalue their holdings. Likely a move to drive down the spot price and destroy the efforts of those seeking a return to a gold standard or rely on gold to trade. There will be war over this.
. . . Been wondering about currency spoof’s, too, to cast doubt on current moneys.
Or, this fraud problem is a way to introduce and create a demand for better digital gold tracking systems. http://www.mintid.com. Microchip the bullion.
“ MintID works directly with ISO: 9001 rated minting facilities to adhere an encrypted tamper proof microchip that gives each product a digital identity that cannot be duplicated.”
Good point! They’ve talked about microchipping plants, animals, people, and nearly everything else on earth, so why not gold bullion?
If this comes to pass, what will it do to the value of any remaining NON-microchipped gold (whether coins or whatever else)? Regardless of the official price of microchipped gold, I could see demand for the non-microchipped stuff getting even stronger — among the portion of the human race that still wants a normal medium of exchange that can’t be tracked, frozen, or disappeared at the touch of a button.
“Or, this fraud problem is a way to introduce and create a demand for better digital gold tracking systems”
Laura, this has been my thought for a long time. Digital tracking or simply by a frequency detector set on gold, like the way the metal seekers on the beach find metals.
With all these people I heard suggesting strongly to buy gold for future safety in apocalyptic times, I could not help thinking that if the predators of Man kind wanted to collect effortless most of the gold available in our homes, they just needed to come and take it wherever their sensors detect it.
Another advantage of training people to believe “you will have nothing” and push them to amass gold in order to save their physical bodies from starving (?!) is to create an obsession on material value and anchor their minds deeper in materialistic (= robotic) thinking.
Hunting and corralling minds.
This would be a mighty convenient way to bring some of Herr Bormann’s and General Yamashita’s gold out of the covert financial system and into the overt one, wouldn’t it?
. . . The Party of the east by going west still seems to want their gold back by proxy since they’ve assumed control in mainland China.
Precisely FiatLux, and there are apparently lots of “unreported” stashes around. Not to mention certain gold-backed bonds whose holders might feel they have waited long enough.
Celluloid gold, from Hollywood Bank of cinematic derivatives, exchanges hands, at the box office, showing Nosferatu, on the big screen.
Mesmerized, by fantasy figures, celluloid gold outshines reality. By hook, line and sinker, Ukrainians exchange Tzar gold, for celluloid gold.
Escape artist Zelenski goes to Hollywood, to pull a circus Houdini, from a gas chamber – to join his criminal kosher Nazis – in a Marvel movie, because of six million whatever.
Fool’s gold is loony bin currency:
https://dl.dropboxusercontent.com/s/4ues9yys9x0xrvz/houdini-escape.jpg
Russia is steel and beauty, whereas Hollywood is feminist beauty, made out of steel:
https://dl.dropboxusercontent.com/s/3m0brrnjdpqfwzv/cyborg.mp4