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FleeceBook: Meet Benoit Gilson, Head of Foreign Exchange & Gold At The BIS
We are happy to announce that starting today, and going forward every week, as part of a new feature dubbed, appropriately enough, FleeceBook, we will introduce our readers to one, previously largely unknown member of the ruling banker aristocracy: an individual who is as far from the glamor of the daily media headlines as possible: just the way they like it, and just the way the co-opted media will agree to have it. We hope that by the end of the series, these individuals - all of them perfectly law abiding citizens of their various jurisdictions, at least under conventional legal terms - will form a tapestry of what really happens behind the scenes, especially in a context such as that presented yesterday, where we found that no matter how guilty beyond a reasonable doubt a member of the political-financial elite is, hell would have to freeze before any legal action is taken (for reference, please see the very underrated movie The International). For our inaugural edition on FleeceBook, which will compile various public profiles already posted elsewhere, we present Benoît Gilson, Head of Foreign Exchange & Gold, which he describes as "a really special place to work because it is a link between the markets and the central banks." In other words if confused why gold is imploding on any/every given day, and/or why the EUR is soaring on news of a failed ECB sterilization, now you know who to thank.
From the BIS (highlights ours)
Profile: Benoît Gilson
Position: Head of Foreign Exchange & Gold
The BIS is a really special place to work because it is a link between the markets and the central banks. This means that I can work in the markets, as I was doing before, while taking a central bank perspective. I find it very interesting to talk to the central bankers who call us for advice, information and market liquidity summary, and I love having a foot in both camps.
As we act as market-makers for BIS products in currencies and gold, we maintain relationships with all market counterparties to ensure sufficient liquidity for our customers and appropriate hedging instruments. We are focused on central banks and international institutions, helping them implement foreign exchange interventions, build their reserves, diversify their portfolios or modify their reserve currency allocation. We can also help them to manage their gold reserves. Of course, many of the issues we deal with are highly confidential, so discretion is very important.
Working here has many advantages in terms of lifestyle. While you don't earn the kind of huge bonuses you could in London, you get exposure to some of the most interesting people in the industry. The selection process here is pretty tough, so you automatically have good people around you and can get involved in some challenging debates.
I have to say that I really enjoy Basel too. I was working in Luxembourg before, which was another wonderful small city. In Basel, I can go home and be running alongside the Rhine and watching the sun set in 10 minutes. And, of course, you often encounter your colleagues out and about, which fosters a very friendly working environment. The senior managers here go out of their way to be accessible, so if you see them in the supermarket you can be sure that they'll have a chat with you.
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Tyler Durden! Please do as the newspaper in New York state did re gun owners:
Publish their addresses!
Tylers can't do everything. Step up and see to it yourself.
Maybe for the next installment, ZeroHedge can do an expose on all the silver pumpers who cluelessly encouraged investors to buy "with both hands" when silver was near $50 and supposedly heading toward $500. A quick perusal through many of the popular precious metals blogs and it appears that all the hype and hyperbole created hundreds of bagholders for no good reason.
Not trying to be a jackass, but sometimes I think the doomer community needs a look in the mirror.
Your anger toward people choosing an alternative currency to hold shows how the manipulation antics by CB's aren't working as good as they should. Are you mad at people that finance a new car instead of buying a used one too? They incur higher depreciation.... more of a "bag"....
Anyone holding US treasuries doesn't need to "try to be a jackass", they already are. LOL. Those are the real bag holders.
+ 1
I would rather be holding a bag of PMs than a bag of Treasuries...
I'd just rather not get caught holding the bag....
The idea of exposing the entire "bankster tapestry" is one of the reasons i enjoy this site.
I can hardly wait for the day when we storm their castles.
I don't recall anybody encouraging people to buy silver with both hands when it was upwards of $50. Even if some had, when all is said and done $50 will be very cheap. It's not a doomer play. It's about having freedom from the vipers, an exit strategy from the global ponzi charade. A small price to pay at any cost.
Wow, Tyler/s went straight to the naming of one of the Emperor's Council of Mordor....the BIS's Gold laundering function.
Well done!
Just out of curiosity.....who owns the BIS again?
.
White Spiritual Boy, or so I've heard.
I don't think Goldman Sachs, et al, are "suckers" for taking their free money and investing in treasuries - making a nice, tidy profit.
Why do you?
nope
You are not doing yourself any favors 'choosing an alternative currency'. Relax. Keep your metal as a store of value and use the fiat until it doesn't work any more. You are swimming upstream trying to get 'the people' to want a 'harder currency'....they never have and they never will. They love fiat that slowly depreciates (emphasis on slowly, too fast and they will panic) and allows them to pay off their mortages and other debts with currency of lesser value. We have been doing this for about 300 years, maybe more. Future systems will not doubt include a fiat but if ewe are lucky they will keep the metals out of the equation and let themarket determine their value.
That's fair enough, although you may look into how much silver a single dollar could buy you over, say, the past 20 years.
And it's worth wondering if gold and silver prices aren't being more or less artificially manipulated down - for various reasons I think they are, but thinking it isn't the same as being able to prove it.
Only near-sighted a bag holder valuing it in FRNs would care. What I purchased at $40 still weighs the same.
But you would have more if you bought at 30.
Maybe for the next installment, ZeroHedge can do an expose on all the fiat pumpers who cluelessly encouraged investors to buy "with both hands" when fiat was near 150 ml of Barton Vodka and supposedly heading toward 200 ml.
Of course now it's down to only 125 ml.
A quick perusal through many of the popular electronic fiat blogs and it appears that all the hype and hyperbole created hundreds of bagholders for no good reason.
sometimes I think the bullpaper community needs a look in the mirror.
Uhhhh..you do realize that by posting the adresses of gun owners you are also posting the addresses of non-gunowners?
Maybe not the best idea.
Always interesting seeing how some of the unarmed feel when exposed as being unarmed.
<The unintended consequences of that article were that the unarmed were also exposed.>
Good post.
It might be easier just to post the unarmed addresses (aka gun free zones). Very helpful to the bad guys.
That is precisely what they did. Home invaders in the NY area now have a GIS app that allows them to see if potential candidates have guns or not. This is a boon to the NY home invasion industry, and for that my criminal friends in NY thank them. Well played sirs.
Yes, as in the spiritual axiom that if something's bothering me, there's a problem with me, not the other....
Why would the folks from the paper care, right?
I'd think they'd want to stand up and be counted in their great social quest for a more uniform, fairer, safer society.
(snarc)
Wait....
Most guns owned in this country are not registered.
I'm a talkin' about shotguns, rifles....
And many jurisdictions have no requirement to even register handguns.
And many places, if you own the stuff you aren't required to register the guns or yourself if just held in the home and transported in a certain manner.
May be a bit of a surprise for some folks, but ah, that stuff in the paper was for carry, primarily....
Like, let's look at some figures out in the public domain.
Let's use guns and the NFL. Such a standard of comparison.
Somebody once wrote about NFL players, that 70% are convicted felons.
Another article once noted that about 70% of NFL players own guns.
Now, by my math, that means that approximately 50% of the NFL felons own guns and by some sneaking feeling I got, means there ain't been no registration of any kind.
Now, why would I think that be abnormal?
Just thinkin' to myself out loud.
Tears weep from my eyes for this man's brevity and sacrifices he makes for the people.
And, of course, you often encounter your colleagues out and about, which fosters a very friendly working environment. The senior managers here go out of their way to be accessible, so if you see them in the supermarket you can be sure that they'll have a chat with you.
Wow. It must be me, but I only tolerated the schmucks because I was at work.
What do they say to each other at the supermarket? Something like: "Stock up, because after our next 'intervention' the prices around here are going to double!"
How nice. They have their own little oligarch village.
What was it that journalist Epstein called it back in 1983? A club within a club?
The International, one of my top ten movies of all time, Clive Owens and Naomi Watts' understated performances were outstanding along with their superlative script.
Another of my top ten and the very best Roger Moore movie:
ffolkes
http://www.youtube.com/watch?v=J4hHezVNRc8&feature=player_embedded
I am quite certain that when I am going to hell some day, Benoit and the other fleecebook members will be in priviledged hell-lounges, with bearable temperatures, where they have exclusive, regular meetings with Satan. The average damned inhabitant like myself will hardly ever meet or see them, just rumours.. whoa, I heard Benoit spoke with Satan about new ways of torture etc...
Save me a spot next to the furnace, OK?
I'll do the same if asked. Thx!
Imagine bumping into Number 6 whilst shopping in "the village"...
Nice to see you Benoit. How is the wife? Nancy isn't it?
Yes sir, very fine. We've been thinking of taking a weekend trip to Campione. Get away, smell the roses, you know, that kind of thing.
Oh. I see....Benoit, do you know, you can't actually leave the village, you see. You do understand nést pas?
Oh. Yes, yes of course. I see. Really, I do. It's no problem sir. None at all. We like it very much here!
"Who is number one?"
"Of course, many of the issues we deal with are highly confidential, so discretion is very important."
"And that's why I post everything on Facelook. Or whatever it's called. Why, I even come home from the supermarket and find my boss in bed with my mistress, my wife, the midget, underage children and animals. It is such a convivial place. Why we've even taken to counting gold bars impressed with Nazi symbols in those secret vaults during cocktails and hors d'oeuvre before the initiation ceremonies. Why the secret police/border patrol even facilitate the international movement of contraband for governmental agencies world wide, so the international exposure and stimulation is marvelous. And the S&M sex clubs in Basel are absolutely first class."
I hear they prefer under age to the midget. Something about vocabulary and the debt
Look at that beak... & don't stare into those lizard eyes or you'll turn to stone...
The University of ZeroHedge never disappoints.............looking forward to this series!!
Tyler, perhaps you should add "FleeceBook" as a tag term.
Just a thought.
Trust me, we keep a "foot in every market" and intervene whenever necessary for your own good!
'markets' aka perception management tools
THANK YOU TYLER!!!!
Fuck you BENWAH!
"Benedict", just like that German dude in The Holy See.
Oh, I was thinking of Arnold.
"I love slamming metal futures down in a low-liquidity environment, and then aggressively procuring the physical for my customers."
Jesus, look at that face. You always know you're in trouble when they use the word "special."
Vive la Frogs
Understated self puffery.... "the bonus isn't as big as I'd get in London..."
Horseshit. If you could be in London, you would be in London, you reptilian blood sucker. And if you're discreet enough, you may get a job offer somewhere they pay real fiat and can stop the self aggrandizement...
Your boss, co-worker and family have likely sicked of your false pride and attend 12 step programs to cope with your shit.
Looser
Just wait'll your bosses bosses boss sees this shit...
And no "I don't know how it got there, the dog musta butt dialed my smartphone to post it" ain't gonna work.
Tell him you're addicted to opiates so all he does is send you to a recovery center.... Get off cheap....
You're becoming one of my faves, but look, I bet if you asked the bloke how he sleeps at night, he'd give you the classic Rainier Wolfcastle answer: On top of a pile of money with many beautiful ladies.
"The selection process here is pretty tough, so you automatically have good people around you and can get involved in some challenging debates."
Translation....you cannot get a job here unless you are very politically connected , so i am grateful to my parents and grandparents for being political insiders. And the people around me come form the same privilege. we are the elites and look down upon everyone else.
When these fucking pompous twats block up their toilets with shit that they have shovelled all day long, they stil have to call a plumber. Go fuck yourself Benoit or whatever your fucking ludicorus French sounding piece of shit name is.
Zero Hedge...exposing more cockroaches every day.I hope the Tylers are held up in a secure location.
what a fukin douche this guy is; sucking dicks of the primary dealers and central bankers. where's my garlic and wooden stake?
Lay off the guy.
He's doing the Elite Gods' work.
Unless hes is the forktruck driver in the basement of the NY FED who transferes the gold bars, he is just a middleman.
Seems as if he leads a very sheltered life. Maybe he should get out amongst the people who he and his financial cronies parasitically live off of. A trip to a Bangaladeshi child labor sweat shop, central Africa where his guns go in and metal is taken out of or maybe one of the many war zones he supports would be in order.
His education may be lacking.
Maybe he can explain his lack of bonus and running regimine to the artisan miners in the DRC or the children missing limbs from the bombs he financed.
Go ZH Go!!
and I love having a foot in both camps....
One foot to help TBTF one foot to help the CB/TPTB. And who controls this arbitrage?
I wonder where he puts his third foot; the one that has the devil's hoof of avarice; now that we know his double play
Funny money and golden honey turn into "bull is shit" / BIS scrambled eggs in Basel brunch.
Would you give this guy a Michelin one star rating?
I guess his double identity friends do!
People like this have been ruining lives, killing people and bankrupting nations for centuries and nothing ever happens to them.
How is that possible? Is it because heretofore they were totally anonymous?
Is it different this time because of the internet and the ability to research and gather information about them?
Maybe, just maybe, they wont get off scot free this time around. Maybe, just maybe, justice will be served because we now know who they are and what they do (something our ancestors never knew).
Their bloodlines are probably responsible for the misery and premature death of some of your ancestors. Maybe, just maybe, someone will decide to even the score.
Im not advocating violence here. Im merely stating an opinion based on my understanding of human nature and history.
Its all genetics and competetion. For centuries they have won the game because they had an unfair advantage (anonymity). That has changed. The playing field is less uneven. We will see how well they compete now.
This would make for a really great plot to a novel/film. A post-fiat world where millions of people anonymously crowd-fund bounties so assassins can hunt down these former central bankers and literally place their heads on silver platters.
Or the next installment of Assassin's Creed?
Either way, they will be dealt with:
9 Hast thou an arm like God? or canst thou thunder with a voice like him?
10 Deck thyself now with majesty and excellency; and array thyself with glory and beauty.
11 Cast abroad the rage of thy wrath: and behold every one that is proud, and abase him.
12 Look on every one that is proud, and bring him low; and tread down the wicked in their place.
13 Hide them in the dust together; and bind their faces in secret.
14 Then will I also confess unto thee that thine own right hand can save thee.
Job 40
King James Version
Is that FED speak for printing money to cover their gold lease payments to the FED ?
The problem is that the leeches sociopaths look very much like you and I, thus for the most part escaping public recognition.
The only problem I have with Fleecebook us that it doesn't come out daily.
Naming names. Cannot think of anything better !!
Shouldn’t his job title be “Head of Foreign Exchange and Barbarous Relics”, “Head of Foreign Exchange and Austrian Hem Lining Weights” or “Head of Foreign Exchange and Not Money” ?
Home and running beside the Rhine. 10 minutes from the office. Got it. Love the little details. Good work!
And for the folks who really feel offended, armed with that information just might be thinking... "Now we've narrowed down to a pretty damned good idea where you live."
See, I mean why would anybody want this type of information out in the general public? There are a lotta crazy people out there who are off their meds these days, crazies. Plumb fucking nut cases, dangerous to others as well as themselves....
I just don't understand the personal ego needed to put shit like this on the web....
Hey knukles - in case you didn't notice it was the idiot himself who put this info out there. Probably in a news interview. All it takes is some basic research to find anyone, anywhere. I could give you a personal example but - well - I do respect the privacy of my fellow ZHers. However, the easier that ZH and any other similar website can make it to find these people so that those who are so inclined can let them know up close and personal how they feel about their slimeball lives, the better. And not everyone who thinks this way is a crazy, or on meds. Some might even say they would be the most sane among us. It would be interesting to see how many google maps of Basel have been pulled up in the past hour or so.
Professional scam artists.
what a hell is this guy really doing ?
"colleagues.. if you see them in the supermarket you can be sure that they'll have a chat with you."
.. as you sort through kilo tins of Beluga Caviar for the best to go with the evening's '59 Lafite Rothschild.
"But dad, can't we just have pizza and pepsi tonight??"
"NO YOU WILL EAT YOUR BELUGA CAVIAR AND LIKE IT."
He's on linkedin!
http://ch.linkedin.com/pub/benoit-gilson/27/963/123
He may as well be dead!!
Ladies and gentlemen, place your bets as to when this account will be deactivated.
+1 for Foghorn Leghorn
He's exactly the type of fellah we need here for threads like this, rantin' and a ravin' on about them city boys who's so dumb they think the Mexican border pays rent.
We also want to know all his extended family for our Russian friends.
Mr Gilson, give us the sign of the lizard people and send EUR/USD to 1.33 tonight before the close, nice one. (I dont know about you guys, but im quite enamoured to a man who can lick his own eyeballs)
Basel don't sound too diverse
Oh, it's "diverse" enough in the way that matters
http://www.herzl.org/english/Article.aspx?Item=544
This guy looks like a real douchebag!
There's about 6,000 of these crimminally sick fucks ruining the lives of 6 billion others. I say arrest them, convict them and throw them into jails. If anything happens that you don't have what you need these are the ones to look up. Things will get turned around in a hurry.
wait for it.....wait for it....
FUCK YOU BENOIT YOU COCKSUCKER SOCIOPATH BANKER BITCH....!
We should be thanking that BIS has been holding the paper Gold price in a tight band for past 10 years, which gave us all an affordable entry to physical Gold.
I really thank BIS for standing for us small folks. I think it is high time BIS/EURO is going to turn it's guns full blazing against US Dollar/IMF.
Last time during late 1970's, they did not have an alternative in EURO, now they are really confident that they can take on the US Dollar.
Thank you BIS
The disgusting fraud shows its face.
I can go down to Malibu in 10 minutes and jog to Venice anytime fucker and I don't have to ruin billions of people's lives to do it. Don't come to Santa Monica or I'm going to interview you on film. Maybe, back in the day I would have, today I ususally stay away from people that have names that sound like fruit pudding.
This is just another economic criminal to put on your death list.
A foot in both the markets and the BIS ...
Consult w Central Bankers to share trading and tradeable data...
Having frontknowledge, er, foreknowledge of CB intentions...
Being an insider is really special, w really special privileges. Really wheee!...
My family thanks ZeroHedgies and other mere commoners for ill-conceived trust.
What's not to like?
Execute him.
Looter.
Looter.
In a word... special. Like Special K. Keep the gold... Loose the fiat.
don't quote me... but i think i read somewhere's in their by-laws that they're exempt from international law [the big wigs that tyler is profiling] which supercede's all laws!
in other words, they can commit malfeasance/fiduciary crimes, and never be held accountable.
nice!!!
thankyou tyler
Exempt from swiss law.
Kinda like italy and the vatican.
Allegedly must comply with international law, but if swiss cant enforce extradition.....wacha gonna do?
And all this does is pour tax payer funds/funding to those friends closet to the spigot at the expense of those furthest away (why you have the 1% versus the 99%). All this done in the name of economic growth (which none but inflation really arrives). It's nothing more than stealing by the State of the individual's labor. The most corrupt, brutal yet efficient mechanism of theft the world has ever known. All by an unaccountable State Apparatchik that Stalin would envy.
+100000 Mr. Durden - keep on rockin in the (info) 'Free' world! Bring those lizards into the light.
Oh yeah, fuck you Burnyankee and FUCK YOU BIS!!
That's fucking repulsive.
Why the FUCK are we forced to pay the salaries and pensions of these cocksucking assholes?
I've had a few shots but I think it's in order to say I hope he gets cancer by end of this month.
"I don't always hammer the metals market...
But when I do, I do it big time, thanks to B.I.S."
Here's more.... a whole list of them. With drawing authority.
http://databot.ch/shab/953510.html
Benoit (balls) Gilson http://m.youtube.com/watch?v=-XWgoJT1xPU
Thanks for the target list. Please run two or three of these profiles a day.
Anyone know what the current crop of rothschilds looks like? Photos? Addresses?
Wait until big meeting at the BIS, when everyone is present. Helicopter drops a nuke on the building. Let's start a fund up and begin taking donations to purchase the nuke and lease a helicopter.
And if anything happens to this guy, expect zerohedge to be taken down.
HE LOOKS LIKE A SWISS THIEVE
I hope ZH has a big file of these profiles saved (I'm sure you have taken this precaution), because a lot are going to disappear from public view or get edited now this feature is running
He looks like a member of SPECTRE, right out of an old James Bond film.
And a little bit like Maxwell Smart too.
K.A.O.S.
It may be time to fight/blind the Evil with light/lasers, and I leave to you the interpretation of the laws of the physical Universe.
It's a strange time to announce a smartphone, close to Christmas and pre-CES, but Samsung has introduced the S360 Touch Screen Grand.
What a complete gaytard.
Nauseating bio, and the expression on his face is, "I have a giant stick up my ass."
The expression on his ass is, "And I like it."
I can't wait to see the complete lineup of these barnacles.
Yay, Tyler!
Fuck you
I did just watch the International. Truly, that was fitting, so accurate about hsbc (oops, I mean IBBC) bank
I'm hoping that the locals start chatting it up pretty hard with these "managers" at the local supermarket.