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Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?
Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the next three years to perform a quality inspection of the tungsten gold. Today, in a surprising development, via the Telegraph we learn that none other than the same Bundesbank which is causing endless nightmares for all the other broke European nations due to its insistence for sound money, decided to voluntarily pull two thirds of its gold holdings held by the Bank of England. According to a confidential report referenced by the Telegraph, Buba reclaimed 940 tons, reducing its BOE holdings from 1,440 in 2000 to 500 in 2001 allegedly "because storage costs were too high." This is about as idiotic an excuse as the Fed cancelling its reporting of M3 in 2006 because "the costs of collecting the underlying data outweigh the benefits." So why did Buba repatriate its gold? Ambrose Evans-Pritchard has an idea.
The shift came as the euro was at its weakest, slumping to $0.84 against the dollar. But it also came as the Bank of England was selling off most of Britain's gold reserves – at market lows – on orders from Gordon Brown.
Peter Hambro, chair of the UK-listed gold miner Petropavlovsk, said the Bundesbank may have withdrawn its bullion in self-protection since it did not, apparently, have its own specifically allocated bars in London. "They may have decided that the Bank of England had lent out too much gold, and decided it was safer to bring theirs home. This is about the identification. Can you identify your own allocated gold, or are you just a general creditor with a metal account?"
The watchdog report follows claims by the German civic campaign group "Bring Back our Gold" and its US allies in the Gold Anti-Trust Committee that official data cannot be trusted. They allege central banks have loaned out or "sold short" much of their gold.
The refrain has been picked up by German legislators. "All the gold must come home: it is precisely in this crisis that we need certainty over our gold reserves," said Heinz-Peter Haustein from the Free Democrats (FDP).
Speculation aside, the fact that central banks, and even banks of central banks (i.e., the BIS), have long lent out gold, is no secret to anyone, traditionally to satisfy short-term physical gold confirmation claims upon a spike in demand, usually associated with a liquidity shortage (when the value of gold as monetary collateral truly shines). The problem with this rehypothecation scheme is what happens when the counterparty suddenly finds themselves insolvent, the gold has since been re-re-rehypothecated, and nobody really knows whose gold it is any more. This becomes a drastic problem when a counterparty in a collateral chain suddenly goes broke... like MF Global did last year, and the lawsuits started flying trying to determine whose gold is where. Needless to say, it was the London office of MF Global that was at fault for breaching a rehypothecation chain (because only in London was there no collateral haircut limit on rehypotehcation), and once physical delivery demands arose, nobody could locate bar XYZ with a given serial number.
That, or the Bundesbank merely foresaw the ultimate unwind of the failed European mercantilist experiment at the start, and refused to leave its most precious asset in the hands of the banker oligarchy which it knew would do everything in its power to procure said gold once the feces hit the fan. Sure enough, BUBA's 'non-denial' denial confirms this too:
The Bundesbank said it had full trust in the "integrity and independence" of its custodians, and is given detailed accounts each year. Yet it hinted at further steps to secure its reserves. "This could also involve relocating part of the holdings," it said.
Yet what is left unsaid in all of the above is that Germany has done nothing wrong! It simply demanded a reclamation of what is rightfully Germany's to demand.
And here is the crux of the issue: in a globalized system, in which every sovereign is increasingly subjugated to the credit-creating power of the globalized "whole", one must leave all thoughts of sovereign independence at the door and embrace the "new world order." After all this is the only way that the globalized system can create the shadow cloud of infinite repoable liabilities, in which we currently all float light as a binary feather, which permits instantaeous capital flows and monetary fungibility, and which guarantees that there will be no sovereign bond issue failure as long as nobody dares to defect from the system in which all collateral is cross pledge and ultra-rehypothecated... for the greater good. Until the Buba secretly defected that is.
And this is the whole story. Because by doing what it has every right to do, the German Central Bank implicitly broke the cardinal rule of true modern monetary system (never to be confused with that socialist acronym fad MMT, MMR or some such comparable mumbo-jumbo). And the rule is that a sovereign can never put its own people above the global corporatist-cum-banking oligarchy, which needs to have access to all hard (and otherwise) assets at any given moment, on a moment's notice, as the system's explicit leverage at last check inclusive of the nearly $1 quadrillion in derivatives, is about 20 times greater than global GDP. This also happens to be the reason why the entire world is always at most a few keystrokes away from a complete monetary (and trade) paralysis, as the Lehman aftermath and the Reserve Fund breaking the buck so aptly showed.
We are confident that little if anything will be made of the Buba's action, because dwelling on it too much may expose just who the first country will be (or already has been) when the tide finally breaks, and when it will be every sovereign for themselves. Because at that point, which will come eventually, not only Buba, but every other bank, corporation, and individual will scramble to recover their own gold located in some vault in London, New York, or Paris, or at your friendly bank vault down the street, and instead will merely find a recently emptied storage room with humorously written I.O.U. letters in the place of 1 kilo gold bricks.
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Yeah! And the Firefox mobile nightly build is so buggy that adblock and noscript don't really work! Harumph!
Yea!! I'd like to support whatever this means too!!!
don't hate, man. i get fucking disney ads.
Dude...I got a MILFs ad. Some mature babes looking for someone just like me. Ah, remember the days of the Sugar Daddy sweeties...seems like forever ago.
That and Home Depot. What's the connection? Babes and lumber?
the system thinks you're a redneck.
Got wood?
Ads? ADS? WHAT ads? I don see no steenking ads!
Got no moanee, got no Flash, got no facebuk, got no cash. I'm just a po little muppet, aint even got a stash. Gotta get high on life 'cause I got no _______.
Ran outta bad rhymes... U-pick your own.
Got the same shit 2day w/ pu blocked!
"...And the rule is that a sovereign can never put its own people above the global corporatist-cum-banking oligarchy..."
very well said from a very fine article....my guess is that the gold stops momentarily in berlin before boarding the next orient express to beijing....
So Buba ran for cover already somewhat privately. Only "in your face" challengers to TPTB like Chavez will tell us what they are doing. No one who plays along with the ponzi wants to be the one to start the panic run.
Pennsylvania Bag Handler Charged In Theft Of New $100 Bills
October 23, 2012 8:21 PM
http://philadelphia.cbslocal.com/2012/10/23/pennsylvania-bag-handler-charged-in-theft-of-new-100-bills/
So is this the new Treasury Secretary? Seriously...if this guy was able to rip off the new 100 dollar bills in plain sight, imagine what he can do behind closed doors? Such talent!
Yes, what a talented lad indeed. Certainly he had no inside help in locating which package to intercept. Just damned good luck.
Clever lad. I hope he was planning to buy some German gold with the FRNs.
He will get more prison time than Raj did today. He should have stolen all of it and deposited it at JPM. He could then be living the life.
The FED can offer some help to Germany, just ship the gold thru Philly and they can blame the stealing on those baggage handlers with the sticky fingers...
If the move by Buba was generally unknown all these years, who's to say they haven't allready pulled all their gold.... Letting people think they have not seems to be the smart(er) move. Just sayin.
The truly stunning revelation here is that Germany 67 years after the end of WW ll is still a vassal state of the glorious "allies"with its real wealth still held hostage by the financial centers that run the US, GB and France. That is in addition to the bases and 50K US troops still ocuupying Germany. Now we can really understand just what the phrase "unconditional surrender" meant, that is, in addition to the millions of additional lives that were lost on all sides because of its prolongation of that war. It seems to have meant perpetual subjugation.
Makes one wonder, if they lost...
Hmmmmmm. There's gotta be some deep, deep thinking behind that statement...
Addo: Opened a short position in USDJPY by way of a bearish Gartley bat pattern on the Daily chart. Downside target is 78.859.
Best of luck trading!
:D
War is a risky business .... don't get into it if your can't afford to lose !
Yes. Fight to win, or do not fight at all.
@Q1913:
The truly stunning revelation here is that Germany 67 years after the end of WW ll is still a vassal state of the glorious "allies"with its real wealth still held hostage by the financial centers that run the US, GB and France.
ask and ye shall receive................
http://rt.com/usa/news/germany-us-pact-komossa/
treaties are just pieces of paper, that's what reset buttons are for...
This is getting good. Lots of scrambling for a relic. To bad they can't eat it.
Instead of Gold they could store their wealth in stacks of new iPad Minis. More fun to make than they are to eat.
Tell me, big boy, how does that dollar bill taste?
well at least it's kosher...
Lets see...
By 2001 got all of their gold back except for 500 tons...
Now where does that date ring a bell...geez i know it sounds familiar but i just cant put my finger on it....
Think: The miracle of building 7
Damn, that's where the Germans stashed all the gold they had just removed from London.
A bit of bad luck, I'd say.
Those darn crafty terrorists and their box cutters.
At least they found a passport in the rubble to positively identify the purpetrators!
Great site/online journal on 911: http://www.journalof911studies.com/articles.html
The first article is on the air defense anomalies.
Listen, when the dollar goes, it all goes. (Notice i said when)
According to Mayan predictions, in a couple of months.
Welp, it's been fun guys.
Bullshit...
I got dibs on the first tee time on the 22nd.
Our family is planning an EOW party!!! Already bought the DVD with six DOOOMMMM! movies on it. Planning special menu & everything! I mean hey! It's a Saturday night!
Laissez les bons temps rouler!!!!!
"peterjb
October 19, 2012 at 5:53 pm | #
Now you should start to begin to understand that Economics, the Profession – for want of a better term, is nothing but a Political Ideology where the Economic Theory, or General Theory, is ruled by political experience towards Totalitarianism, for which is was/is designed and maintained. Nothing has changed since 1917 and the Bolshevik Revolution, where Marx, Lenin Trotsky, Stalin, et al, commenced their push to impose Communism on all the peoples of the Globe.
Like the ALP and particularly the Fabian cultist Marxist Julia Gillard, they will soon find out that communism cannot work. Lenin planned to cull 10m of his people in order to make up the productivity shortfall in “State” productivity (failure) in 1917 but had raised that number to ~24m by 1924 at the time of his demise. Stalin took that number up to ~100m according to some source.
As long as you so-called Economists keep pursuing a path of insanity in your desire to impose your madness’s on “Society” (not “State”) without even understanding the fundamentals of Humanity, then you must bare the guilt for every War, Murder, Genocide and suffering experienced by Mankind.
The World suffers today, not from ‘capitalism’ but by the poison peddled by Economists who merely act as apologists for those tyrants comprising the Unholy Alliance of that which wields the Banking System which takes all Productivity control and asset ownership for the elite few.
" ...
Open For Offers
by Steve Keen on October 19th, 2012
http://www.debtdeflation.com/blogs/2012/10/19/open-for-offers/comment-pa...
When you can no longer trust the deal, the deal is off.
The bolshies were johnny come latelys. The Fabian Socialists got their schtick rolling in about 1884. Same song, same dance, different conductor.
What's more interesting is why the Bundesbank did not simply shift its unallocated holdings into allocated at the BoE? And I couldn't see any reference to who is custodian of the Bundesbank's gold now? And is it allocated?
It may be that the BoE is expensive in terms of its allocated metal compared to other custodians.
THIS MEANS WAR!
see... told ya; germans aren't stupid.
Netherlands is silent........ I guess Klaas Knot (De Nederlandsche Bank) wants to walk through that new world pearly gate?
I leased out a St. Gaudens gold coin to a buddy who really wanted to see one bad. I let him hold it for 10 seconds for free then I took it away from him and put it back in the secret hidey hole. I don't like to lease my gold out either. Makes me nervous.
Did you make him wear gloves or those little fingertip condoms?
But he told me where you put it
this is worth a look, esp. the total meltdown at the end... ( can you relate)
YouTube - Here's a Voter Who Wouldn't Take It Anymore
A guy at work recently started asking me about gold and thinks he should be in gold blah blah blah. Being a contrarian indicator, there's a good chance we're heading right into depression alley. Ca$h is king when no one has it. But then, gold is king when ca$h is worthless.
Holding gold AND ca$h covers those two bases.
Yep, until the green cash is replaced by red cash.
Yep, until the green cash is replaced by red cash.
I got a mountain bike, PVC pipe, and a Garmin GPS. Ruck that sunken boat shit.
When the SHTF, what makes you think that the GPS satellites will still be transmitting? Might want to go back to your stash and remeasure your position more like 135' out from the concrete pylon along a 215 degree vector.
How can you bury the gold in your backyard if you don't have it!
They musta listened to Ponce, "If you don't hold it, you don't own it"
especially London which along with New York are the 2 global centres of hi-finance theft, fraud and crime
Wait til they find out Corzine stole it.
"The Bundesbank <---FOOOOLS said it had full trust in the "integrity and independence" of its custodians"
I almost forgot to answer the question: Karma.
Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?Mervyn King is utterly clueless ...would you leave your Gold with such a batty bird?
one flew out of the cuckoo's nest?
them germans be pounding the drum of war; the prize of cheap russian labor, natural resources and poland. it makes common sense for a nation to hold their own reserves in the precious and gold.
When the SHTF with the insolvent members you don't want your gold sitting in an insolvent country's bank do you?
The insolvent country may decide to seize the gold.
It tells you we are getting close, especially when the German banks are getting nervious.
Perhaps Germany is thinking of saving itself and exiting. The others are a lost cause.
May? It's a given that seizures will happen. In fact, the precedent occured in 2009, in London: "More than 500 officers smashed their way into thousands of safety-deposit boxes . . . " http://tinyurl.com/ykrlldh
Fascinating, TY.
From that piece:
Another box-holder who is alleging theft, a wealthy Russian émigré party-planner from north London, who had £64,000 in cash and £250,000 worth of jewellery, including heirlooms from Russia, successfully challenged the police to produce the video.
'I am meticulous,' she said. 'I have a receipt for everything. When I got my box back, £9,000 cash and some smaller items of jewellery were missing - a gold baby's bracelet and an 18-carat gold ring.'
The initial police footage, she claims, had a time code and showed her box being carried to a table. But then the tape was interrupted and when it restarted the footage was being shot from a new camera, at a diff erent angle and without a time code, with real time having moved on many seconds.
She told Live: 'It only takes seconds for a small envelope of cash or a gold ring to be swiped from the table and into someone's pocket. I was staggered.' After failing to get adequate answers from the Met's own Directorate of Professional Standards, her lawyers have gone to the independent Police Complaints Authority, along with 70 other box-holders.
That shit is balls out!All of this chatter over something that is worth less than it was in September. Doesn't Germany know that gold only goes down??
Maybe the Buba withdrew its gold because it had to deliver the physical to the ECB in Brussels. Remember, the Buba is just a subordinate branch of the ECB, and the Euro was created just a few years prior.
Silly Germans, it is like they don't trust the City of London. Imagine.
This entire trend toward "stand and deliver" is the beginning of the real end game. And yet, other than the remnant on this site very few professional investors have a clue. Amazing times.
We should start a Who's Next pool!
I can see this turning into a big, rolling snowball going downhill....
I'm loading up manana.
Seriously, IMO during this current gold smack down it might be a good time to reassess your holdings. Either way. As for me I am leaning more toward heavy weighed gold strategy. Two tier gold market or not. Better to be 3 years early than one day late.
I can see another one of those weird 1:00am Tulving phone calls in my future.
The gold won't help. When (not if) the dollar goes it all goes -- I mean that in a good way, gold will be worthless too.
Charley, your right. Gold and silver will be worthless when the Ponzi implodes and Beany Babies and Pop Rocks will be the replacements...
Stick to your guns, Chuck. Don't let these gold-lubbers beat you down. You're absolutely right.
No way, dude. In all recorded history, Au and Ag have been valuable for their intrinsic properties!
And that's not bringing up Pt, Pd and Rh (I looked up the last 3).
Water is the key. Palladium has properties used in seawater/potable water conversion.
These will always have value until some future "star date" when Mr. Spock can conjure them up out of a element transmorgifier.
Also, in the future, we will discover Collapsium and then Spice.
Well it seems that SOMEONE remembers that Treaty of Versailles reparations were payable in gold. In fact shipments to the Allies of cattle, rail cars etc. were all valued in gold terms by a committee not unlike the uber-banker committees operating today.
How much has changed in 100 years? Less than might be assumed.
Except for that whole Bretton-Woods and the globe being off any kind of recognisable gold standard thing...
Yeah, I'm sure after the next major war payment in local scrip will be 'all good'...
invisible carpets of gold and flying drones of unsung mayhem; stealth in all things that democracy should know out in the open that stay buried in dark pools of Gotham.
When it's revealed the German Gold cannot be located, Gold will zoom to 100K an ounce, the COMEX will be shut, bankers will be leaping off buildings, and the entire Ponzi worldwide comes to a halt followed by lots of shootings and hangings.
So they can't let it happen.
I'll meet you at the top of the building and bring the beer. Should be quite a show!
nope, the bottom for me.
I want to feel the ground thud as they hit.
"the Bundesbank may have withdrawn its bullion in self-protection since it did not, apparently, have its own specifically allocated bars in London"
I don't normally engage in gratuitous profanity, but Jesus Fucking CHRIST!
You mean to tell me that the central banks who hold gold for other central banks are running the same cons on their brethren as our local banks do on the common folk?
You begin to realize the potential for gold to have a bigger run than any tin-foil hatter ever dreamed of when this thing finally blows up.
That CNBC article sums up the attitude among the academic gold haters nicely:
You have a piece of paper that says, "gold" on it so what do you care if the gold is there or not? If you think it's not there you are probably a lunatic and if you push forward anyway and prove it then *you*, not the bank is responsible for the broader fallout.
No wonder the idea of an immutable physical root for our system is so revolting to these people. They openly celebrate the con in language a little out of reach of the common TV junkie.
I mean, Jesus FUCK...
Golden rule - he who owns the gold makes all the rules.
But it's the farmers, miners, energy Co's and industrials that make all the money (productive wealth)
you can own all the Gold in the world, but you'll be living in a cave without the real producers of wealth
http://english.peopledaily.com.cn/90778/7990348.html yestardays news surprised that ZH hasnt posted
BEIJING, Oct. 24 (Xinhua) -- Three rating agencies from China, the United States andRussia will jointly launch a new credit rating company to rival current industry leadersand promote independence.
It was announced on Wednesday that the Universal Credit Rating Group will beestablished by China's Dagong Global Credit Rating Co., Ltd., the U.S.-based Egan-Jones Ratings Company, and Russia's RusRating. The headquarters will be set up inHong Kong within six months, the companies said in a statement.
Why?
i threw up in my mouth.
WHY.NOT
Jesus Christ, Tyler, calm down...
What "defense" is necessary for a non-existant "indictment"???
???????
I'll read the whole thing again........
Nope. No accusation, implied or otherwise, that should require a response. Maybe it's just me?
<Maybe the Upton Sinclair style diatribe was a bit much, too.>
5 stars for sharing the story.
5 stars for the analysis.
-1 stars for foaming at the mouth.(This is my brand new smoking jacket you've gotten your spittle all over)
The reliability of a girl from Kentucky is directly related to her dentition:parturition ratio.
i.e. if she has more children than teeth, her reliability is likely to be low.
If you're not in Kentucky, consider the tooth to tatoo ratio as a probability indicator....
And this coming from a guy (no doubt...) who has a pair of lesbians lingually assessing each other's dentition as an avatar?
O. Ok, man.
:/
Could be sisters checking for plaque build up.
lingua Franca!
Now I understand what that truly meant!
When the feces hits the revolving blades, the only gold that any proud paper possessor is going to see is in shower form.
This is what starts wars. Central banks fucking over other central banks.
Has anyone considered that Buba is doing with the gold exactly what the cabal in London did? Just rehypothicate the metal Frankfurt style?
They may very well have German passports but they're still bankers at heart. Instead of pondering the far fetched of a potential Eurozone break-up as far back as 2001, I suggest to stick with the obvious.
Buba has leveraged the gold on their terms and for the benefit of Buba. German paper gold holders pay attention and don't trust the gang in Frankfurt anymore than we trust our gang at the Fed.
And yet it's not obvious to you that all EZ CB AU belongs to the ECB.
Pardon my ignorance -but have we always been calling it 'Buba?' =)
Wasn't Chavez criticize some months ago for doing this and asking all Venezuelan gold to be send back to Caracas?
No, he wasn't.
He was critised because the fool was going to spend it on his socialist projects.
Which he's been doing.
Germany was denied access to its gold because there were no 'visiting rooms' .... Merkel should explain it is not a conjugal visit to a prison.
https://www.youtube.com/watch?v=zqMN0mMuUYY
the perfect meltdown at 55 sec mark...
Not a word about the proof of who knew what when concerning the Benghazi assault and the abject lies spewed by the White House in its aftermath ... From Reuters, CNN, NBC, CBS, ABC, MSNBC, and the list goes on ... and now ZeroHedge.
I assume that since no one can speak to the issue it really doesn't matter at all.
It doesn't. Barry Soetoro is a total fraud on all levels, that little incident was water under the bridge.
www.obamasrealfather.com
You omit the piece about Gordon Brown selling 60% British gold reserves 1999-2001 at market lows and giving Bank of China a £1 billion windfall. Maybe Germany wanted to make sure they weren't left with the tungsten since they have no numbered bars.
Gordon Brown's decision to sell 395 tonnes for $3.49 billion dollars has so far cost the British people over $18 billion at today's price of $1700 odd dollars per ounce. This man should be remembered as investment adviser of the year. He not only stuffed up big time but also went against the advice of the Bank of England.
What Madoff achieved over many years, Brown achieved with the single stroke of a pen.
Keynesian scientific booger eater Gordon Brown demonstrates his manly Socialist swagger !
What about the countries that don't have any gold?
My guess is confiscation / theft will more likely happen from them out of desperation...
+5
I can just imagine Merkyl now screaming:
"You are a central banker. You are entrusted with the gold of the nation! And yet you don't even have a list of the fucking bar numbers"
I love it. There's black comedy gold in there somewhere!
knock knock ... know 1 seems to give a
Hyperinflation, bitchez. Dow 20,000.
Why did the Bundesbank withdraw two thirds of its gold from London?
Because it wanted to limit its gold losses to one third of what is in London.
OR
Because that is all that London could give back to them.
OR
Beacause England is privately refusing to hand it all back to them.
The Bundesbank's fear of Fed tungsten bars
In response to public pressure, the Bundesbank, the German central bank, now wants to bring "parts" of Germany’s gold reserves home and verify their authenticity. Is fear rife in Frankfurt of counterfeit gold bars from the USA which are actually made of tungsten?
http://www.mmnews.de/index.php/english-news/11133-the-bundesbanks-fear-of-fed-tungsten-bars
If we can't verify it was really there .... how can we verify it was really moved ?
There has been a earthquake swarm in N-E Iceland for a few days now with quakes up to M 5.6. The Civil Protection agency declared a state of uncertainty yesterday because stress levels in the fracture zone where the quakes are happening is high enough to create quakes up to 7.
When swarms like this happen they cause imballances in the system, so odds are that there will be big swarms somewhere else in Iceland.
The last time there was a swarm in this location was in Aug 2004, Nov 1 Grimsvotn erupted. The time before that was 1996 and then Gjalp erupted, it is a new vent very close to Grimsvotn, belongs to Grimsvotn or Bardarbunga, Who is also under Vatnajokull icecap.
There are many possibilities, and to make it more interesting there are some ididots going to be deep drilling and fracking at least 2 active volcanoes in the coming months. One is Theistareykjabunga :) And the other is Krafla, who erupted the last time someone tried to drill there and kept going for 9 years.
http://www.vedur.is/skjalftar-og-eldgos/jardskjalftar/tjornesbrot_stort/
At last! A really important breaking story from Zero Hedge.
This is what we expect of you, Tyler. Play for ALL your Readers, not just those bought and paid for by the Kochs and Mr. Ricketts.
Gold Bulls come in at least two flavors, and my group of 'em - the "Gold is Growth" contingent - is every bit as strong as the "Austrians" (who are way too cozy with the Libertarians and Birchers, whether they know it or not).
We "Gold is Growth" Gold Bulls are the flavor most in sync with Gold Bulls around the World, outside of the US and UK.
So, who you cozy with???
and I agree, this is one of the more worthy of note articles I have read on ZH lately.
You, Teddy!
And we GOP Centrists, Moderates, Big Tenters - whatever you wanna call us - are definitely getting our Cojones back - even we Girls - and speaking up unashamedly and unabashedly all over the place.
The real answer: the FED, the BIS, and several other major central banks have had multi-trillion dollar liens placed on them by countries that had their gold "put on deposit" (stolen) over the years. Nobody wants their stolen gold to be in a foreign central bank when the music stops.
http://www.scribd.com/fullscreen/93551732/LIEN-Affidavit-Against-Japan-Central-Bank
http://www.scribd.com/fullscreen/93549901/LIEN-Affidavit-Against-Federal-Reserve-The-Fed
http://www.scribd.com/fullscreen/93545192/LIEN-Affidavit-Against-European-Central-Bank-ECB
http://www.scribd.com/fullscreen/93544415/LIEN-Affidavit-Against-Bank-of-International-Settlements-BIS-05-14-12
Why didn't they go after their gold held in France .... first ? When I go dig up my stashes .... I'm going for the easiest to get at first .... the stashes in deeper cover are more secure ! SCOP Standard Conservative Operating Procedures PSA Public Service Announcement: www.obamasrealfather.com or www.youtube.com/watch?v=LBtwR36G2Pg
Sorry London sold it to China and they made these out of it:
http://postimage.org/image/4eganox3t/
Magnitude 5.6 earthquake hits off east coast of Japan
no tsunami warning so far
This is why I like ZH... no matter how much the politico's jawbone.... the barbarously antiquated activity of actually physically relocating assets (which you can't even eat!) speaks louder than any words with regard to trust and stability within certain EU member states...
These custodians should gladly repatriate the gold to Germany .... that way they show their disdain for the barbarous relic ! I imagine the storage fees paid by Germany are very reasonable .... can they even be transparent about the storage fees ? I will store your gold for free !
What has not been asked here is "Where is the gold now?". Shanghai has some very nice vaults!
I wonder if the gold Germany received had those trendy luggage stickers all over it like "Paris" "Hong Kong" "Brazil" "Tokyo" "Sydney" etc.
time to pickup a golden bargain.
covert.ias3.com/expose
Achtung
http://www.taxfreegold.co.uk/rothschildquitgoldmarket.html
Rothschild & AIG market makers for the Lodon Gold Fix [twice daily] 'LBMA' quit ... May 5, 2004
timing?
Perhaps this is Germany's way of exiting the Euro in an orderly fashion?
The only person who gets left holding the bag is the one who actually has something to lose. The rest of the people playing the game already lost theirs and are merely scheming to divide what's left from those who have it.
It's a elementary swindle really, I ask you to break a $20 bill you don't have the change but you have a $50, another person has a $10 and another has two $5s, and someone else has ten $1s. They keep swapping bank notes until in the end, the guy with the $50 ends up with less than he started. The Germans have the $50 and want to keep it.
I am only sure of one thing and that is that the real truth is hidden. The FED and ECB keep their secrets well in the past.
I am only sure of one thing and that is that the real truth is hidden. The FED and ECB keep their secrets well in the past.
This is why:
A Golden Deutsche Mark Is Possible and Desirable
The cause of the euro debt crisis is the misconstruction of the euro that allows all members of the European Monetary Union (EMU), currently 17 sovereign nations, to print euros and force them on all other members. Germany is on the verge of seeing its capital base plundered from the inevitable dynamics of this tragedy of the commons. It should leave the EMU, reinstate the deutsche mark (DM), and anchor it to gold.
http://www.mmnews.de/index.php/english-news/11169-a-golden-deutsche-mark-is-possible-and-desirable
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