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As Germany Prepares To Repatriate Its Gold, We Hope They Have Learned From The "Monetary Sins Of The Past"

Tyler Durden's picture




 

As initially reported here yesterday, in what is the biggest news of the week, and possibly the year, the Bundesbank has broken away from its "all is well" posturing exhibited as recently as three months ago, and in a dramatic reversal of its diplomatic position, has demanded repatriation of some of its NY Fed and all of its Paris-domiciled gold. We applaud Herr Wiedmann for this move, although we hope that the German people are allowed to witness, and verify, the arrival of the actual gold as opposed to simply empty crates. Of course, at the end of the day the actual delivery is irrelevant: what matters is this first shot across the bow of the current monetary system - one which juxtaposes sound money versus infinitely dilutable electronic fiat more than ever before - by a major conservative central bank, one in possession of the second largest official gold reserve, second only to the Fed itself. That said, we can only hope that the German request for gold repatriation is not met with the same enthusiastic response that France encountered when it too attempted to repatriate its gold held by London back in the 1930s, just before a whole lot of things in the global economy went horribly wrong...

Specifically, in 1965 The Economist interviewed Jacques Rueff, a French economist and advisor to the French Government. In the following exchange (caught on pages 84-85 of the pdf "Monetary Sins of the Past", which are required reading to anyone who thinks what is going on now is in any way new or different), the Economist blames France for exerting pressure on London during the 1930s, through the withdrawal of sterling balances held at the Bank of England. We thank Martin Sibileau for the reminder about this key exchange.

What is disclosed is enlightening and entertaining, and may well serve as the basis for what the response Buba may encounter today.

Jacques Rueff: In 1930 I was financial attache in the French Embassy in London, and in that capacity I was responsible for the deposits of the French Treasury with British banks. They were the direct result of eight years of the gold-exchange standard, because we had kept the pounds sterling in London, as my colleagues in New York had kept in the American market the dollars that had been pouring into the French Treasury from 1927 onward. Then, in 1931, the failure of the Austrian Creditanstalt caused successive waves of repatriations; and it was this collapse of the gold-exchange standard that, without any possible doubt, transformed the depression of 1929 into the Great Depression of 1931.

The Economist: While you are on this historical episode, what would your comments be on the very widespread view that it was to a substantial extent French pressure on London at that time, through the withdrawal of sterling balances, that was in part responsible for the general collapse later on?

Jacques Rueff: Let me tell you that, unhappily for the world, the French pressure did not exist, or was so mild that it had no effect. There is a very interesting document from this period, a letter from Sir Austen Chamberlain, who was then Foreign Secretary in London, to M. Poincaré, who was Prime Minister and Finance Minister in France; it must be of 1928. Sir Austen said, "We know that you are entitled to ask gold for your sterling, but in the frame of the close friendship between Britain and France we ask you, so as to avoid trouble for the City of London, not to do that." And we were, I must say, weak enough to comply with this request and not ask for gold. The fact that I had such important sterling deposits in London shows that we did not use this right to ask for gold. The adjustment, which would hardly have been felt if carried out on a day-to-day basis, was not made, and we had the fantastic boom of 1927, 1928, and 1929. This explains the depth of the collapse and of the depression, because the adjustment was so long delayed. We were too gentle in complying with official appeals not to convert our sterling balances into gold.

Fast forward to today, and we can't help but wonder if some 30 years from today, an advisor to the Bundesbank will not rewrite the above to something as follows:

BUBA Advisor: ...There is a very interesting document from this period, a letter from William Dudley, who was then Head Of The NY Fed, to Herr Weidmann, who was Head of the Bundesbank; it must be of 2013. Dudley said, "We know that you are entitled to ask gold for your sterling, but in the frame of the close friendship between the United States and Germany we ask you, so as to avoid trouble for the Wall Street, not to do that." And we were, I must say, weak enough to comply with this request and not ask for gold. The fact that I had such important sterling deposits in New York shows that we did not use this right to ask for gold. The adjustment, which would hardly have been felt if carried out on a day-to-day basis, was not made, and we had the fantastic boom of 2013, 2014, and 2015. This explains the depth of the collapse and of the depression, because the adjustment was so long delayed. We were too gentle in complying with official appeals not to convert our USD balances into gold.

We can only hope that the Bundesbank is not quite as "gentle" as Paris was some 80 years ago in complying with London's equally as gentle denial to comply with the French repatriation request. In fact, quite the opposite: we hope Bundesbank pulls all of its gold, as do all other nations because in the aftermath of the "collapse and depression" that will soon follow, he who defected first, will have defected best.

Everyone else will be left with paper promises of repayment by a broke and insolvent government which went as far as suggesting the minting of a trillion dollar coin to absolve it of its own particular monetary sins. Seriously.

h/t Martin Sibileau

 

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Tue, 01/15/2013 - 14:37 | 3154670 francis_sawyer
francis_sawyer's picture

 "Hope" ~ it's a helluva drug

Tue, 01/15/2013 - 14:40 | 3154680 sunnydays
sunnydays's picture

It sure will be fun when they actually try and arrange the shipment.  All of a sudden Germany will become an enemy with terrorist inside the country and the U.S. will have to use drones and start bombing them?

Tue, 01/15/2013 - 14:45 | 3154697 trav777
trav777's picture

fortunately, there is still ample gold production; it hit a new peak in 2011, exceeding 2001.  Production rose, if we accept the data, for 3 years.  This perhaps gives the banks a chance to repatriate with "deep storage gold" lol

Tue, 01/15/2013 - 14:49 | 3154727 CPL
CPL's picture

Knowning Benny though he's wrapped a couple of gold foil surprises in the pile being shipped. 

 

That's going to piss people off.

Tue, 01/15/2013 - 14:51 | 3154739 fonzannoon
fonzannoon's picture

None of what you see happening is happening off script. None of it.

All part of the play.

Tue, 01/15/2013 - 15:02 | 3154780 strannick
strannick's picture

The first to jump ship is a rat, the last is dead

Tue, 01/15/2013 - 15:03 | 3154782 camaro68ss
camaro68ss's picture

I see a boating accedent in the near future.

Tue, 01/15/2013 - 15:18 | 3154821 Pladizow
Pladizow's picture

If we take que from Buba's prior statement, "all is OK", when it now says it will repatriate "some of" its gold, what is that code for?

Tue, 01/15/2013 - 16:18 | 3155082 THX 1178
THX 1178's picture

Bah! Barbarous relic. Germany likes the color of gold. They like the way it looks. It reminds them of all the stuff they used to have when they were watchacallits. It reminds them of that stripe on their flag, along with the black forest and red armband. They don't intend to issue gold backed anythings in the future. They like the weight of gold. It reminds them of the robust and solid weight of a beer stein. Same goes for eveyone else repatriating gold. They like the way it looks. They don't intend to do with it anything at all ever.

Tue, 01/15/2013 - 16:34 | 3155199 redpill
redpill's picture

Wo ist das Gold, Lebowksi?

Tue, 01/15/2013 - 16:16 | 3155100 giggler123
giggler123's picture

 

 

OK, rewind, what happened before with the UK?  Yer that's right, Browns bottom.

 

Hey you gold bugs, wait a little longer, soon will come Bernanke's Bottom when he tries to do the same.  $300/oz?  buy in the dips!

 

Wed, 01/16/2013 - 04:56 | 3156942 bentaxle
bentaxle's picture

In reality I suspect germany's gold is going nowhere. Especially if it's not there anyway.

Tue, 01/15/2013 - 15:20 | 3154832 Nothing To See Here
Nothing To See Here's picture

Bernank@Germany : "All your gold reserves are belong to us"

Tue, 01/15/2013 - 15:25 | 3154859 Chief KnocAHoma
Chief KnocAHoma's picture

Interesting theory Fonz... but what is the real script?

I see the Western CBanks as franchises of the same parent, so why would this be allowed?

At some point it is going to be every man for himself, and Germany may realise that day is here. Fuck that franchise agreement, we have people to feed.

The Krauts are tired of paying for those lazy Italians, French and Greeks to play on their dime. Gold comes home, deutchmark relaunched - everyone else fuck off.

EURO fails, dollar surges, and all is right with the World again.

What am I missing?

Tue, 01/15/2013 - 15:33 | 3154878 fonzannoon
fonzannoon's picture

Here is all I know. The 2nd biggest supposed gold owner in the world does not ask the 1st biggest supposed gold owner in the world for delivery in a way that would create any publicity, especially when a lot of people are already skeptical. There is no way they would create a panic.

My guess is

1) No formal answer is given, this goes away

2) A huge public relations stint. The gold gets delivered. Bob Pisani shows us a Kruggerand and that everything is in good order and gold can now continue falling because fears are overblown

3) Germany comes out and denies the whole thing

If they really wanted their gold they would have watched a few Schiff/Bass video's and asked for it a long time ago in a much more secretive manner.

Tue, 01/15/2013 - 15:38 | 3154906 francis_sawyer
francis_sawyer's picture

4) Asians keep buying...

5) You figure it out...

Tue, 01/15/2013 - 15:39 | 3154913 fonzannoon
fonzannoon's picture

I honestly have no freaking clue.....

Tue, 01/15/2013 - 15:53 | 3154975 knukles
knukles's picture

Damn good thing I read you.
If I showed my wife one of the Krugerrands we don't own she'd fucking spend it. 
Talk about paper gold!

Tue, 01/15/2013 - 16:13 | 3155080 stocktivity
stocktivity's picture

That was funny Fonz

Tue, 01/15/2013 - 23:54 | 3156598 Spigot
Spigot's picture

1) If you were anticipating a major global "re-alignment" within and between financial and economic structures and organizations...

2) AND you were concerned to have the best negotiating position as these new arrangments are worked out...

3) AND you, as well as all the other central players, consider PHYSICAL GOLD to be central to the establishment of those multi-lateral relationships...

4) AND you would like to ASSURE that whatever PHYSICAL GOLD is accounted to your national patrimony is WITHOUT DOUBT AVAILABLE to establish said new relations...

5) AND you felt that there were some question as to the ABILITY AND WILLINGNESS of those who CURRENTLY POSSESS YOUR NATION'S PHYSICAL GOLD to agree to your future requests to return said PATRIMONY...due to the MAJOR DETRIMENTAL EFFECTS SUCH A REALIGNMENT MIGHT HAVE ON THOSE IN CURRENT POSSESSION of your nation's patrimony...

6) ...... you might consider getting when the getting is good......

7) after having assured that you had adjusted you portfolio in such as way as to benefit most handsomely from the convulsions which might arrise from such actions...

Tue, 01/15/2013 - 15:41 | 3154920 CPL
CPL's picture

Everyone is switching places.

Tue, 01/15/2013 - 19:45 | 3154946 francis_sawyer
francis_sawyer's picture

EveryTHING is switching places... [phyzz is being repatriated EAST ~ hOPIUM is moving WEST]...

Tue, 01/15/2013 - 15:56 | 3154992 Philo Beddo
Philo Beddo's picture

Or...

Not having the gold is the first step in the Federal Reserve being found naughty?  Throw on things like paying for drug cartels, paying for middle east coup, printing bennie bucks for their buddies, and you have a really naughty federal reserve.   Then at the same time throw in a global depression and maybe a false flag and you have all the justification for a one world bank.  

 Really...unless you have a reason to get rid of the Fed, how are you going to consolidate?

Tue, 01/15/2013 - 18:40 | 3155730 Ghordius
Ghordius's picture

fonz, China first buys, and then, later, talks about
What if Germany's gold is already back?

Plenty of aircraft and bunkers, and it does not need that much space anyway

Tue, 01/15/2013 - 23:37 | 3156561 Divine Wind
Divine Wind's picture

 

 

I dunno. The Germans, like most sane Americans, think Bamster is a smooth talker in a nice suit and completely worthless. They see national relationships eroding, a foolish Congress and a super power in decline. They see tremendous debt and a brain-dead American public getting more and more stupid by the day.

 

I would not dismiss the seriousness, at least until morning.

Tue, 01/15/2013 - 16:13 | 3155077 Jayacts
Jayacts's picture

6) Merkel PR reelection stunt

Tue, 01/15/2013 - 18:51 | 3155789 koncaswatch
koncaswatch's picture

Does BuBa really have any gold?

I thought Kelly's Heroes took it at the end of WWII...

Wed, 01/16/2013 - 02:17 | 3156851 IllusionOfChoice
IllusionOfChoice's picture

fonz, I don't think you could be more right. Whenever I'm thinking down a line it always comes back the that. If we know, they want us to know, but then what is the next play?

Tue, 01/15/2013 - 14:54 | 3154752 kliguy38
kliguy38's picture

There will be NO significant gold returned to Germany other than a few "Gordon Brown" bars that may serve to perpetuate the myth that Germany still has its Gold stored in "Safe Keeping" Western vaults. Of course there are massive stores of gold.....but most of the Sovereigns will see NONE of it EVER.......China knows this and is scrambling for what loose morsels it can extort and that will be closed off soon.....enjoy the charade peeps

Tue, 01/15/2013 - 15:37 | 3154899 Cap Matifou
Cap Matifou's picture

Germany, as you think of it between the current borders, didn't regained sovereignity after the war. Told you by the friendly Schaeuble a year ago.

Dr. Schäuble: Germany not sovereign since 1945

http://www.youtube.com/watch?v=GlU2HLeGNwQ

This has also profound consequences to the supposed gold holdings.

Germany’s sovereignty restricted by US and allies, insider’s book claims

http://rt.com/usa/news/germany-us-pact-komossa/

Tue, 01/15/2013 - 15:51 | 3154958 francis_sawyer
francis_sawyer's picture

As far as anyone fucking knows... the 'Rothschilds' could have clandestinely funded the entire Apollo project, launched it up, & had Neil Armstrong & Buzz Aldrin bury the fucking shit in a hole in the 'Sea of Tranquility' using a goddamned 6-iron as a shovel...

Tue, 01/15/2013 - 15:55 | 3154989 knukles
knukles's picture

Hah!
Just as I suspected, the Annanuki gold rush gone full circle.

Damn you're great when you're good!

(Honey, did I enjoy that as much as you did?)

Tue, 01/15/2013 - 16:02 | 3155001 francis_sawyer
francis_sawyer's picture

My prediction is that it's all COMEDY from here on out... I hope eveybody has a good sense of humor... [& some popcorn to pop]... NOTHING is funnier than kicking back & watching the last remaining "witches" on the planet conniving around in an effort to procure the last morsel of gold on the planet...

Tue, 01/15/2013 - 16:20 | 3155114 knukles
knukles's picture

Abstatively, my man.
Matter of fact, last night the wifie and favorite number one son watching a movie and I'd thought to myself..."popcorn... yummy popcorn... must have much buttered popcorn for rest of financial meltdown show"

Seriously!
Like somebody said here yesterday, this (ZH) anymore is somewhere in the Venn Solution Set of real news, entertainment and therapy.

Bad news is when it gets to the Null Set.

Tue, 01/15/2013 - 17:15 | 3155404 francis_sawyer
francis_sawyer's picture

The "null set" = DELIVERANCE...

~~~

I just hope most people have the 'cojones' to live in the 'post-DELIVERANCE' era... I'm not sure even if francis_sawyer qualifies, but I'll give it my best shot... I'm just hoping that I have the fortitude & discipline to REFRAIN from starting a religious cult & calling my tribe 'CHOSEN' people when it happens...

Tue, 01/15/2013 - 20:49 | 3156101 max2205
max2205's picture

If 11 12 and '13 are so great, I'd hate to see shitty

Tue, 01/15/2013 - 16:34 | 3155200 Mr Pink
Mr Pink's picture

Maybe the lunar lander was made of gold to protect the astronauts from the Van Allen belt. It's all making sense now

Tue, 01/15/2013 - 17:23 | 3155445 francis_sawyer
francis_sawyer's picture

The Van Allen Belt!... (0:39)... Brilliant!

~~~

http://www.youtube.com/watch?v=3s8WIxslRKk

Tue, 01/15/2013 - 19:18 | 3155848 Jam Akin
Jam Akin's picture

Awesome reference y'all.

Tue, 01/15/2013 - 17:59 | 3155579 Argentbilly
Argentbilly's picture

Or they could have had Stanley Kubrick direct it for them.

Tue, 01/15/2013 - 20:19 | 3155678 francis_sawyer
francis_sawyer's picture

Kubrick movies had more things to say about MIC [Full Metal Jacket], Gold & Money [The Shining], Illuminati perverts [Eyes Wide Shut], & calling European Jewry to the carpet [Barry Lyndon] than they did about faked Moon Landings [2001: A Space Odyssey], or social class warfare [A Clockwork Orange]...

Tue, 01/15/2013 - 16:23 | 3155132 stocktivity
stocktivity's picture

Naaa...I usually agree with the Tylers but I don't see this as a huge event. They'll get their gold back...otherwise the whole Ponzi scheme would fall apart. Rally on!  Until the printing stops, It's all Bullshit!

Tue, 01/15/2013 - 18:12 | 3155647 Cap Matifou
Cap Matifou's picture

Name one thing Putin can do at any hour of the day, if he wished, but not Obama?

http://government.ru/eng/docs/13930/

Tue, 01/15/2013 - 18:32 | 3155703 tenpanhandle
tenpanhandle's picture

call Michelle an ugly bitch?

Tue, 01/15/2013 - 19:31 | 3155889 mjcOH1
mjcOH1's picture

 

Look another head of state in the eye?

Tue, 01/15/2013 - 21:11 | 3156161 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

say "allright folks, let's just admit it already.  This is not a deadbeat nation, it's a Totalitarian regime, and you'd better behave or else we'll crush you."

Wed, 01/16/2013 - 20:11 | 3160358 Tompooz
Tompooz's picture

Right. Don't call us  deadbeat but beat (you/them) dead

Tue, 01/15/2013 - 14:58 | 3154765 fijisailor
fijisailor's picture

Hey aren't you the guy the says it only costs 5 bucks an ounce to mine silver?  When will the price collapse?

Tue, 01/15/2013 - 15:16 | 3154815 Temporis
Temporis's picture

That was MathMan.... I miss that fucker... =(

Tue, 01/15/2013 - 15:01 | 3154778 NotApplicable
NotApplicable's picture

Ample production?

Better hope those 100 claims for that 1 bar don't come in to the LME too fast!

Tue, 01/15/2013 - 15:56 | 3154993 knukles
knukles's picture

Fuck 'em.
Deliver shares of GLD

Tue, 01/15/2013 - 15:44 | 3154936 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

More when, effectively NATO, locks down Mali's gold...  80% of so of their exports, apparently, and surely, they weren't getting it out of the ground as fast/effectively as they could.

 

Be very interesting to learn more about Mali's gold and the non-Malians who are and will be reaping the golden benefits thereof...

Tue, 01/15/2013 - 16:31 | 3155178 trav777
trav777's picture

how would who is producing it affect the output?

Mali is producing what they can; NATO takeover won't get blood from a turnip.

Production rose; simple as that.  2001 peak exceeded.  No sinister conspiracy necessary.

IF this whole thing is part of some master plot, these people sure are doing a great job convincing everyone that they're total idiots.

Tue, 01/15/2013 - 19:02 | 3155801 WTFUD
WTFUD's picture

The Caaanadian leaching companies are the most prominant gold miners in mali and west africa in general ( niger burkina faso etc ). Not to mention almost every other part of the world.
The french prefer Uranium as in Niger ( 3 mines, 2 producing ). With the CFA currency steady link to the euro the frenchies screw everyone in west africa and for sure unlike the chinese who build infrastructure and towns for the long term. Ask anyone in the countries mentioned above plus ivory coast etc etc the french find it beneath them to mix with lesser species BUT are the masters of Division amongst tribes.
Uprisings from touraugs / rebels in niger and mali in particular are esculating all over ( the pie smaller for sharing ) kust like in greece or spain or anywhere more local autonomy is the order of day goal as much as anything else.
With Khaddafi gone and former libya usually brokering peace deals the even greater fragmentation in the region including chad and the sahel corridor opening a line for rebels militants drug slave trade a lot more difficulties lie ahead.
If nigeria sticks nose in expect them to face even more attacks from growing militancy ( boco ).
Parties are over soon for France who if had engaged in conduct befitting the chinese and not just bribing a few generals emirs or presidents then that assimulation and intent rather than divide and rule mentality could have counted.

Supposedly the usa were sending troops to the region so something was up a while back.

Looks to me like another Iraq but with 50 different groups. Frenchie could not hold his own border for 10 minutes so wr could be looking at 20 borders soon.

last am sure the canadians are sucking and leaching that Gold like no tomorrow while it lasts.

Tue, 01/15/2013 - 19:02 | 3155802 WTFUD
WTFUD's picture

The Caaanadian leaching companies are the most prominant gold miners in mali and west africa in general ( niger burkina faso etc ). Not to mention almost every other part of the world.
The french prefer Uranium as in Niger ( 3 mines, 2 producing ). With the CFA currency steady link to the euro the frenchies screw everyone in west africa and for sure unlike the chinese who build infrastructure and towns for the long term. Ask anyone in the countries mentioned above plus ivory coast etc etc the french find it beneath them to mix with lesser species BUT are the masters of Division amongst tribes.
Uprisings from touraugs / rebels in niger and mali in particular are esculating all over ( the pie smaller for sharing ) kust like in greece or spain or anywhere more local autonomy is the order of day goal as much as anything else.
With Khaddafi gone and former libya usually brokering peace deals the even greater fragmentation in the region including chad and the sahel corridor opening a line for rebels militants drug slave trade a lot more difficulties lie ahead.
If nigeria sticks nose in expect them to face even more attacks from growing militancy ( boco ).
Parties are over soon for France who if had engaged in conduct befitting the chinese and not just bribing a few generals emirs or presidents then that assimulation and intent rather than divide and rule mentality could have counted.

Supposedly the usa were sending troops to the region so something was up a while back.

Looks to me like another Iraq but with 50 different groups. Frenchie could not hold his own border for 10 minutes so wr could be looking at 20 borders soon.

last am sure the canadians are sucking and leaching that Gold like no tomorrow while it lasts.

Tue, 01/15/2013 - 15:51 | 3154959 Broomer
Broomer's picture

"fortunately, there is still ample gold production; it hit a new peak in 2011, exceeding 2001."

Not according to the USGS.

2001, 2570t (data from http://minerals.usgs.gov/minerals/pubs/commodity/gold/300303.pdf )
2010, 2560t (data from http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf)

Production in 2011 is still not available; it was estimated to be 2700t; the real number will be published before the end of this month in the new Mineral Commodity Summaries. Then, we will see.

Tue, 01/15/2013 - 14:46 | 3154698 Ying-Yang
Ying-Yang's picture

Just tell them "Tough Tungsten Titties"

Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District - http://www.zerohedge.com/news/tungsten-filled-10-oz-gold-bar-found-middle-manhattans-jewelry-district

Tue, 01/15/2013 - 14:45 | 3154701 Divided States ...
Divided States of America's picture

The Germans better do some forensic tests on the gold bars. I am positively sure they have been 'tampered' with.

Tue, 01/15/2013 - 14:47 | 3154713 Freddie
Freddie's picture

I would not be suprised if the $1 trillion Platinum coin was the final straw for Germany.  They know O is Mugabe.

Tue, 01/15/2013 - 14:52 | 3154744 He_Who Carried ...
He_Who Carried The Sun's picture

Look, this is just about accountability in a year full of elections in Germany. No politician wants to be held responsible for the big sum the Bundesbank has to pay every year for renting these vaults in London and NYC....  That's why they get it home now. The old argument that in state of crisis its faster to sell it when its already in situ in London and/or NYC is essentially an obsolete 1950ies argument... ;-)

Tue, 01/15/2013 - 15:08 | 3154796 Relentless
Relentless's picture

Actually I think that Germany is repatriating its gold prior to exiting the euro. They want to make sure that they have the hard stuff on hand when they launch the new dmark. They especially don't want the French or the US to have their hands on it when they do, as launching the dmark will proably be the final nail in the USD coffin too.

Tue, 01/15/2013 - 15:33 | 3154881 nope-1004
nope-1004's picture

+1.  Financial system is changing before our very eyes, and you know that backroom discussions are not just about "repatriation".

 

Tue, 01/15/2013 - 15:53 | 3154983 Getting Old Sucks
Getting Old Sucks's picture

Could be very interesting, like the last country using Euros has to redeem everthing floating around in FX funds.  That's probably why they're saving Greece, LOL.

Tue, 01/15/2013 - 16:16 | 3155099 oddball
oddball's picture

Who gets the cracker?

Tue, 01/15/2013 - 16:26 | 3155147 stocktivity
stocktivity's picture

Now that makes more sense

Tue, 01/15/2013 - 16:59 | 3155349 chaartist
chaartist's picture

And that is exactly why it will not happen before we have bigger distraction. And then suddenly, there will be never the right time when the collapse in EU begins. They hold Grece central bank, same ECB, if the want they can start to sink their markerts in few minutes. With todays technology they can change interest rates only by pushing negative shit into the news ticker for algomachines scanning news buzz. I still don't know what is the play here.

Tue, 01/15/2013 - 18:49 | 3155779 Ghordius
Ghordius's picture

The DM would be shooting upwards without gold's help, the German problem was always keeping it down, not up
And the Germans have not forgotten their deals and commitments, nor do they have a reputation of being opportunistic and unprincipled, remember?

Ah, all this EUR breakup whishing, where does it come from?

Tue, 01/15/2013 - 23:02 | 3155951 akak
akak's picture

 

Ah, all this EUR breakup whishing, where does it come from?

It comes from the desire to see (increasingly sociopathic and abused) financial and political power decentralized and thereby hopefully weakened, or at least put closer to local and individual hands, instead of being ever-more centralized, consolidated and strengthened in unaccountable oligarchic hands as it has been for the last 60+ years.

The fact that you apparently support that continual centralization of power is sad, and perhaps speaks to a naivete and willingness to bow ever lower to central authority which is unfortunately widespread if not almost ubiquitous in the Western World.  Our rulers are truly winning the war for the hearts and minds of their subjects, er, citizens through their refined art of propaganda and fearmongering, relying on the intellectual laziness and moral spinelessness of the serfs to convince themselves that that which is in the best interests of the rulers is also in their own best interest, when the reality is quite the opposite.

 

PS: I did not downarrow your post, Ghordius.

Wed, 01/16/2013 - 20:08 | 3160342 He_Who Carried ...
He_Who Carried The Sun's picture

Exiting the Euro?

You're not listening to 'Mama Merkel' you will be spanked!

Wed, 01/16/2013 - 20:16 | 3160372 Tompooz
Tompooz's picture

Rule number one: nobody talks about exiting the Euro.

Tue, 01/15/2013 - 15:29 | 3154868 kliguy38
kliguy38's picture

hehehehe.....of course its that simple......just accountability and after all, we all know that "accountability" is foremost in the minds of our banks and Pols.....the Germans already know their gold is leased MULTIPLES and they also know the Chinese et al. are taking the remaining scraps quickly.....This is more about pressuring the Ponzi to give them what scraps they will spare before the window closes for good........and they know that could be quickly

Tue, 01/15/2013 - 16:17 | 3155086 Bay of Pigs
Bay of Pigs's picture

"Whose tag is on that pile over there?"

Timmah Jeethner

Tue, 01/15/2013 - 19:30 | 3155879 Jam Akin
Jam Akin's picture

"Guten Tag Timmah"

Frau Merkel

Tue, 01/15/2013 - 15:39 | 3154905 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I always thought that the official Fed/Treasury dismissal of the idea came about as a result of external pressure. 

 

You can just see them picking up the phone and its Germany, China, Arab states, Brazil et al. saying "Jesus CHRIST, *this* is what you people are thinking about? REALLY?"

 

So they had to come out and in no uncertain terms quell the rumor that they started and allowed to persist over many days.  Its called a "trial balloon" for a reason.

Tue, 01/15/2013 - 16:40 | 3155227 Mr Pink
Mr Pink's picture

I like that theory...

Think about it, if your cousin Eddie just told you that he was planning on winning Megabucks so he can pay his mortgage would you let him store your Rolex?

Tue, 01/15/2013 - 14:58 | 3154763 Harbanger
Harbanger's picture

Gib mir meine barbarische Relikt, Bitches!

Tue, 01/15/2013 - 15:43 | 3154928 Cap Matifou
Cap Matifou's picture

It is "das Relikt", not "die".

"mein barbarisches Relikt" are the correct words to use :)

http://www.duden.de/rechtschreibung/Relikt

Tue, 01/15/2013 - 15:49 | 3154956 rodocostarica
rodocostarica's picture

harbanger, I do not speak any German but what you say sounds very barbaric. So up arrow Miene whatever bitch!

Tue, 01/15/2013 - 15:19 | 3154831 tekhneek
tekhneek's picture

"Hitler learns german gold is tungsten."

http://www.youtube.com/watch?v=PqvDUEVbIbk

From a ZH'r.

Tue, 01/15/2013 - 15:39 | 3154908 CH1
CH1's picture

Thank you!!!!

Tue, 01/15/2013 - 16:09 | 3155046 Likstane
Likstane's picture

I pissed my depends as well.

Tue, 01/15/2013 - 18:04 | 3155613 Rapada
Rapada's picture

Who put that together? It was fantastic lololol!!

Tue, 01/15/2013 - 19:57 | 3155936 krispkritter
krispkritter's picture

Guilty! CH1 mentioned it this AM, so, working with a hangover and one cup of coffee I put it together in about 15 minutes.

My bad, I didn't get one 'Fuck You Bernanke!' in there...

(thanks for the nod tekhneek and inspiration CH1)

Tue, 01/15/2013 - 14:48 | 3154705 francis_sawyer
francis_sawyer's picture

II AINATISUL... [some will get it, some won't ~ while others will reflexively junk because they're not only sheep ~ they're the new 'genetically modified' version of TRAINED CIRCUS SHEEP]...

Tue, 01/15/2013 - 14:49 | 3154712 fonzannoon
fonzannoon's picture

I think this already happened. I think they used the filming of die hard three as a cover to actually move the real gold out of the vaults. I can prove this simply by pointing out how bad that movie sucked. There had to be another reason for making it.

"As they regroup with the police and have their wounds tended to, McClane theorizes that there was no gold on the ship, which ultimately proves correct as it was replaced with scrap metal, and Simon has likely escaped"

Tue, 01/15/2013 - 15:09 | 3154799 Kaiser Sousa
Kaiser Sousa's picture

aint it nice how over at the Crimex they attempted to whack both forms of real money of their intraday highs at the close...

so fucking obvious...

FAIL......

 

http://www.kitco.com/charts/livesilver.html

Tue, 01/15/2013 - 14:57 | 3154759 zorba THE GREEK
zorba THE GREEK's picture

Not to worry Germany, your gold is safe and sound in a Chinese vault.

It was used to manipulate the gold price down and the Chinese were

very happy to acquire your gold at a discount price.

Tue, 01/15/2013 - 14:58 | 3154767 I need more cowbell
I need more cowbell's picture

I would be very surprised if the gold has not already been returned. The big boys had their behind the scenes powwow before any of this "news" was allowed to break. Nothing this huge is left to chance, left to pre-announcement of intentions, left without all the major players having room to maneuver.

I'll wager this is an after-the-fact "news" item. BWDIK

Tue, 01/15/2013 - 15:42 | 3154930 Snakeeyes
Snakeeyes's picture

Maybe Germany has, but not The Fed, ECB, Japan, Democrats or Obama!

http://confoundedinterest.wordpress.com/2013/01/15/game-of-thrones-gold-...

Tue, 01/15/2013 - 15:59 | 3155004 knukles
knukles's picture

Uber-liberal gold are bling studs in tongues of men.
(Old Muzzie Proverb)

Tue, 01/15/2013 - 14:40 | 3154682 Pseudo Anonym
Pseudo Anonym's picture

pfft,

at the end of the day the actual delivery is irrelevant:

as if actual phyzz gold was the same as vapor in german vault. fail.

Tue, 01/15/2013 - 14:42 | 3154689 Paul Krugman
Paul Krugman's picture

I don't understand the problem. We have all the $1Trillion platinum coins we need. Right?

Tue, 01/15/2013 - 14:47 | 3154709 mayhem_korner
mayhem_korner's picture

 

 

Wake me up when the $1T platinum coin buys 1 oz of platinum.

(wonder if that would shut down the U.S. mint...)

Tue, 01/15/2013 - 14:51 | 3154724 Ying-Yang
Ying-Yang's picture

Personally I think they need to coin a trillion tungsten coins

Call them Fabulous Fiats with a picture of Obama smoking a dubbie

Tue, 01/15/2013 - 15:25 | 3154849 Nothing To See Here
Nothing To See Here's picture

Now that I am thinking of it, I don't think Krugman realizes that there would be no difference between his 1 trillion platinum coin and any printed 1 trillion dollar bill similar to those issued by Mugabe...

Tue, 01/15/2013 - 16:02 | 3155016 knukles
knukles's picture

Let's cut to the chase. (Whatever that means)

Just have the Bernak give Timmah a old tattered $1 bill to be sent for destruction and a Sharpie, let him add a buncha 0's (about 20 doodles or so) sign the fucker and send it to the empty gold vaults at Ft Knox for safekeeping.

Solution!

 

 

 

Tue, 01/15/2013 - 16:29 | 3155168 ParkAveFlasher
ParkAveFlasher's picture

One trillion choom sterling.

Tue, 01/15/2013 - 14:51 | 3154734 francis_sawyer
francis_sawyer's picture

@Krug

~~~

Happiness is a bag full of $1T platinum coins & a building full of unbroken windows to toss them at with Randy Johnson velocity...

Tue, 01/15/2013 - 14:52 | 3154735 francis_sawyer
francis_sawyer's picture

...as well as 'Dr. Andrews' [on staff], paid by Obamacare, to fix your elbow if you throw your arm out...

Tue, 01/15/2013 - 16:04 | 3155022 knukles
knukles's picture

Whoa! 
The Oh, moochacho and the rugrats (probably not grandma, tho) are not eligible for ObamaDon'tCare.  They got their own Public Savant Program.

Tue, 01/15/2013 - 17:28 | 3155493 francis_sawyer
francis_sawyer's picture

bully 4 them ~ chilly 4 u

~David Bowie

Tue, 01/15/2013 - 18:34 | 3155716 knukles
knukles's picture

+ lots for Bowie...

Tue, 01/15/2013 - 14:43 | 3154690 mayhem_korner
mayhem_korner's picture

 

 

So now I'm both a terrorist and a "defector"?  Thanks a lot.

Tue, 01/15/2013 - 14:43 | 3154692 fonzannoon
fonzannoon's picture

Fantastic boom of 2013 2014 and 2015 LOL

Tue, 01/15/2013 - 14:44 | 3154696 y3maxx
y3maxx's picture

Question...slightly OT

....Why would Obama move his home to Hawaii considering Fukushima continues to spew Radiation aimed right at the Hawaiin Islands?

tia

Tue, 01/15/2013 - 14:48 | 3154718 mayhem_korner
mayhem_korner's picture

 

 

Why are you tipping him off???

Tue, 01/15/2013 - 15:44 | 3154924 francis_sawyer
francis_sawyer's picture

Shush goddammit!...

~~~

The upside would be that you can play [night golf] with glow in the dark balls & have the honor of Mitch Cumstein being in your foursome...

Tue, 01/15/2013 - 15:45 | 3154933 Getting Old Sucks
Getting Old Sucks's picture

Yes, You are correct.  Very sad.  This year will be our final visit to Hawaii for that very reason.  Not going the the NW US or Canada either.  We're gonna get it here in the NE eventually and it's said to have affected the entire Northern Hemisphere already.  Surprised TPTB haven't bought up all of Southern Brazil and Argentina yet.

Tue, 01/15/2013 - 16:06 | 3155029 francis_sawyer
francis_sawyer's picture

The fucking Bush criminal cartel has had it's Argentina plot staked out for quite some time now... How NAZI of them... 

Tue, 01/15/2013 - 17:35 | 3155518 Not Too Important
Not Too Important's picture

Don't cry for me, Patagonia . . .

Tue, 01/15/2013 - 14:45 | 3154702 Freddie
Freddie's picture

Why would the Germans leave anything in Hope & Changey Amerika with Ob-Mao? 

The country is a police state joke now....Aaron Swartz suicided plus the two gun guys.   

Jackie Chan was right about the insane corruption.

Tue, 01/15/2013 - 14:45 | 3154703 jplotinus
jplotinus's picture

Nobody panic, bitchez ;-p

Tue, 01/15/2013 - 14:55 | 3154714 Mad Mohel
Mad Mohel's picture

Bundesbank: Gutenmorgen Herr Bernanke. Ven can ve expect our gold?

Bernanke: 'click'

Bundesbank: Herr Bernanke? Herr? ........ Klaus you vere correct, the Bernank ist eine MUTTER FICKER!

Tue, 01/15/2013 - 14:47 | 3154715 Martin T
Martin T's picture

The Monetary Sins of the West is a fantastic book by Jacques Rueff.

Jacques Rueff learned from this and with his arrival in the French government of 1958 in Antoine Pinay's team in De Gaulle's new government, when France was in a very difficult situation, led to the implementation of the drastic Pinay-Rueff plan. With the help of Switzerland, Rueff and the French government were responsible for the final breakdown of the dollar/gold convertibility given that France and Switzerland in the 1960's agressively exchanged their dollars against gold which created a lot of concerns in the US, which eventually led to the USA giving up the convertibility in that fateful moment of 1971 under Nixon.

So, Rueff's complacency in the 20's was not repeated and he learnt from it. This is very well described in his book (linked above).

Martin Sibileau is very right in pointing out again the fantastic book from Rueff and that particular passage quoted above.

Best,

M.

 

 

 

 

Tue, 01/15/2013 - 14:48 | 3154719 Shameful
Shameful's picture

This is huge, but what happens if the Fed just doesn't comply?  About all the Germans could do is say "They took our gold!"  or worse the Fed sends counterfeit bars (Tungsten Standard) then the Germans get them, they can claim fakes to which the Fed can act outraged "We would never send fake bars, the Germans are merely attempting to shake us down!"

Granted talk of counterfeit gold from the Bundesbank should be enough to shatter confidence in currencies and central banks worldwide.

Tue, 01/15/2013 - 14:51 | 3154738 Mad Mohel
Mad Mohel's picture

They are both foxes in the same chicken coop. They will come to some kind of agreement. You can bet your ass on that. None of the TPTB want the jig to be up yet.

Tue, 01/15/2013 - 15:45 | 3154941 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

The problem is, what sense do you and I really have of how long the "jig" can continue?  I remember reading back in 08 that the central banks wouldnt be able to keep the plates spinning much longer.

 

The truth is all the important data and important political relationships are kept secret.  We could be 10 years or 10 days from collapse and we'd never know it.  We only know enough about the size of national debts and the rate of money printing and the size of the derivatives market to know that an avalanche must start at some point.  But we still spend our days on the futility of betting on which snowflake is gonna start it.

Tue, 01/15/2013 - 16:09 | 3155040 Mad Mohel
Mad Mohel's picture

"10 years or 10 days"  That is as good a guess as any, and you're exactly right, no one really knows. I have a feeling the higher ups don't even know wtf is really happening. They all seem to be putting fingers in the dike and hoping not to run out of fingers.

Tue, 01/15/2013 - 14:52 | 3154743 El Hosel
El Hosel's picture

...Uhm, what if the Fed "can't" comply don' have enough of the real or fake gold.   The whole world will be looking at that, this better get swept under the rug pronto. Better call in DSK and the girls for some party favors.

Tue, 01/15/2013 - 15:02 | 3154781 From Germany Wi...
From Germany With Love's picture

If that happens, it will take down global trade because mutual distrust will go RAMPANT. And again I have to say: who is the world going to believe - the US or Germany? Everyone will try to repatriate their gold immediately, not taking any chances. If the Fed can't deliver ALL OF IT, its reputation will be shot and a lot of angry governments will be around.

That wouldn't be good for the US economy. If there is one thing to be learned from Greece: don't squander your reputation completely.

Tue, 01/15/2013 - 17:30 | 3155504 Not Too Important
Not Too Important's picture

We're long past that now. The sheeple may be stupid, but no one with any sense of money doesn't understand what's up.

Small business owners and up. They all know.

Tue, 01/15/2013 - 15:52 | 3154961 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I have long thought that you and I have absolutely no impact on the price of gold.  It's entirely a product of the machinations of the big players both on the paper and physical sides.  They will determine where and when the price makes a move.  We are just along for the ride because we sense certain "big picture" issues must come to a head someday.

 

So if the Fed flips Uncle Fritz the bird, then they have to contend with the reactions of the other central banks and creditor nations who have only a trust relationship with the Fed.  The average iphone addled westerner won't be running to the coin store over the news, thats for sure. 

 

One day they will run to the coin store, but not until they've see gold double in four months.  Suddenly they will be the "experts" who know that gold can never fall in price.  They will lecture you about it at parties.

Tue, 01/15/2013 - 22:19 | 3155940 Jam Akin
Jam Akin's picture

There will be a big transfer of "gold" (plated tungsten).  The delivery or immediate aftermath photo op will be attended by Frau Merkel.  This "gold" will be put into locked and sealed storage in Frankfurt and never again see the light of day.

Demand for tungsten and related fab services is going up.  Fast.  What was the name of that outfit in China again?

Tue, 01/15/2013 - 14:49 | 3154723 JustPrintMoreDuh
JustPrintMoreDuh's picture

Whats all this fuss over a pile of a barbaric relic that CB's only keep for sake of tradition anyhow?

Tue, 01/15/2013 - 14:59 | 3154772 alangreedspank
alangreedspank's picture

Thanks for your input, Mr Bernanke.

Tue, 01/15/2013 - 16:00 | 3154999 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

He's right though.

 

Either central banks have gold as a result of historic monetary misadventure or they have it because of its "good money qualities".

 

If its the former, then there is no reason for anyone to have theirs stored abroad and there can be no harm in repatriation. 

 

If its the later, then, well, thats been well discussed here.

 

But the Keynsians cannot have it both ways.  Gold bugs can't be insane tinfoil hatters who at the same time don't understand how a simple repatriation will "destroy the entire earf".  They have to pick a side.

 

For all the arguments about whether the gold is in the vault and unencumbered, I find it interesting that the elite commentators and the media are almost all behaving as if it is not there.  They constantly talk about how the gold is obviously there, but if hypothetically it wasn't then so much mutual damage would be done that its best not to ask the question.

 

Modern finance is the most intricate of long cons, no?

Tue, 01/15/2013 - 14:50 | 3154731 tuttisaluti
tuttisaluti's picture

Finally the germans found out that their gold is living the us towards china?

Tue, 01/15/2013 - 14:52 | 3154741 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

I'm sure they'll get it.  I mean, they'll likely get Libya's gold, but what the hell - gold is fungible, ain't it?

 

Tue, 01/15/2013 - 14:52 | 3154745 From Germany Wi...
From Germany With Love's picture

Repost from yesterday's thread:

A motion by (among others) the German version of Ron Paul, MdB Frank Schäffler (the dude who instigated a vote within the German co-ruling liberal party to change its Euro course and only narrowly failed), insists on a 'complete and independently certified physical full-audit of german gold stock at all storage locations'. The argument? If every guy with even the smallest of business has to take inventory once per year - why would the BuBa be exempted? Why would they not lead by example?

http://www.fr-online.de/wirtschaft/goldreserven-die-bundesbank-im-goldra...

Yeah, I wanna see that happen.

Tue, 01/15/2013 - 14:55 | 3154750 Its_the_economy...
Its_the_economy_stupid's picture

One less chair for when the music stops.

Was it Daimon that said, "When the music is playing, you gotta dance."?

Tue, 01/15/2013 - 15:11 | 3154804 NotApplicable
NotApplicable's picture

Well, Dieter said: "Now is the time on "Sprockets" vhen ve dance!"

Tue, 01/15/2013 - 15:24 | 3154848 WmMcK
WmMcK's picture

Well, Jim Morrison sang: "When the music's over, turn out the lights."

Tue, 01/15/2013 - 16:47 | 3155265 gmrpeabody
gmrpeabody's picture

Well..., Dandy Don sang "Turn out the lights..., the party's over"

Tue, 01/15/2013 - 16:07 | 3155033 knukles
knukles's picture

Chas. Prince, the lawyer who ran Shitti Bunk.

Tue, 01/15/2013 - 14:56 | 3154754 stateside
stateside's picture

Time to raise the gold margin requirements in 3.....2......1.....

stateside

Tue, 01/15/2013 - 14:57 | 3154758 AL_SWEARENGEN
AL_SWEARENGEN's picture

Trust, hell of an idea..

Tue, 01/15/2013 - 14:57 | 3154760 caimen garou
caimen garou's picture

germans want their tradition back, tradition is a funny thing right bend us all over bernake?

Tue, 01/15/2013 - 14:59 | 3154771 Fix It Again Timmy
Fix It Again Timmy's picture

Fed's response to Germany's request:

"Can't we all just get along?"....

Tue, 01/15/2013 - 15:06 | 3154792 koncaswatch
koncaswatch's picture

Wasn't the first shot across the bow fired by Chavez/Venezuela? How was that transfer executed?

Tue, 01/15/2013 - 15:08 | 3154797 fonzannoon
fonzannoon's picture

Ask Libya

Tue, 01/15/2013 - 15:12 | 3154807 NotApplicable
NotApplicable's picture

Coma.

Tue, 01/15/2013 - 15:26 | 3154860 PaJoad
PaJoad's picture

The first shot may have been Kyle Bass asking for U.Texas's $1B in bullion

Tue, 01/15/2013 - 17:26 | 3155480 Not Too Important
Not Too Important's picture

Most of us here have a secret mancrush on Kyle. At least the smart ones do.

Tue, 01/15/2013 - 15:10 | 3154802 AnAnonymous
AnAnonymous's picture

Ummmm, 'americans' run an extortion of the weak, farming of the poor business.

The highest security is to be found on the ganglord's turf.

Putting your eggs there keep them clean from the ganglord's appetite.

'Americans' in Germany might well engineer a coming back, knowing it will give the US ganglord an opportunity to invade and take back what the US considers theirs.

Welcome to an 'american' world. It is a cosy place, you'll see.

Tue, 01/15/2013 - 15:36 | 3154885 akak
akak's picture

Ummmm, Chinese hypocritizens run an exportion of the weakly made, farming of the poor lead-tainted toy business.

The highest security while dropping brown baby Maos is to be found on the Communist Sharty's turf.

But putting your pets even there will not keep them clean from the Chinese blobbing-up, dog-wokking appetite.

Chinese hypocritizens might well engineer some pirated manufactured goods (poorly) and disseminate trollish online propaganda, knowing it will give the US citizen an opportunity to evade the crap and insanitation and take back what the US citizen considers theirs: freedom.

Welcome to a Chinese hypocritizen world. It is a nosy place.  You'll pee in public.

Tue, 01/15/2013 - 16:00 | 3155007 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Ummmm, 'americans' run an extortion of the weak, farming of the poor business.

Zzzzzzzz ...... Chinese citizenism failed academic repeatings a repeation of discredited thesis, as if repeation on end make it true somehow.

The highest security is to be found on the ganglord's turf.

Best. Buying in to Chinese citizenism is buying an entry pass to the commodity world market, to the Chinese citizenism citizen ganglord's turf.

Putting your eggs there keep them clean from the ganglord's appetite.

Nope. Not really. Chinese citizenist ganglord's appetite being multifaceted, eggs only clean while ganglord occupied eating pickled dog taint in hot mustard sauce.

'Americans' in Germany might well engineer a coming back, knowing it will give the US ganglord an opportunity to invade and take back what the US considers theirs.

Made me laugh, your ignorations of realities. Europeans are in a weak position. Europeans still have a turf in Africa but Chinese citizenism citizens are blobbing up through it like a dung pingo on the tundra. The Chinese citizenism ganglord cannot let a serious rival get its hands on resources and is stepping in, building roads, and crapping on the roadsides as a marking of Chinese Communautist gangturf territory.

No more turf for the faithful european lieutnants.

For Chinese citizenism citizen gangs, more turf, no squeezing the Charmin.

Welcome to an AnAnonymist world. It is a smelly place, so hold your nose, you'll see.

Tue, 01/15/2013 - 16:10 | 3155054 knukles
knukles's picture

What'd he say?

(Knuks, act like you're deaf dear, you don't want him to get upset over his broken Engrish.)

Tue, 01/15/2013 - 15:49 | 3154817 Colonial Intent
Colonial Intent's picture

http://secretcity-thefilm.com/

A film about the City of London, the Corporation that runs it, and its role in the economic crisis

 

Author and presenter of Secret City, Lee Salter, says that while London has always been a multicultural, diverse city, in contrast the City of London has “remained a monoculture, built around the interests of finance capital, and those who are in charge of [the] economic system”.

Tue, 01/15/2013 - 15:22 | 3154842 Downtoolong
Downtoolong's picture

I swear Angela, call DHL, it must have been lost in transit.

Ben

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