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Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"
Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep "it" (by "it" we don't mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China's gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the "safe hands" of former Goldmanite Bill Dudley.
Via Mike Krieger's Liberty Blitzkrieg blog,
Just last week, I published a post titled, Video of the Day – “End the Fed” Rallies are Exploding Throughout Germany, which subsequently went viral. Interestingly, only a few days later we find out that Germany’s very own criminal political class has decided it will continue to store the nation’s gold in New York rather than bring it back home as had been the intention. It’s quite ironic that just as protests against the fascist Federal Reserve are spreading throughout the land, the political class officially decides to keep Germany’s treasure across the Atlantic, in care of none other than The Fed itself.
To be fair, this merely seems like a way for Angela Merkel and the rest of her German cronies to save face. After all, it was very clear that the Federal Reserve had already told them “no” when they asked for the gold back in the first place. Why else would it take almost a decade to transport the gold from the U.S. to Germany, which was the latest repatriation schedule.
We learn from Bloomberg that:
Germany has decided its gold is safe in American hands.
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together.
The Bundesbank, Germany’s central bank, sent a delegation to the New York Fed’s vault in 2012 for spot checks on the hoard. As the gold’s guardian, the Frankfurt-based Bundesbank is obliged to ensure its safety. It says it’s sensible to store part of the reserves outside the country so they can be swapped more easily for foreign currency in an emergency.
This last sentence is absolutely incredible in its Orwellian irrationality. Swap gold easily for foreign currency? Foreign currency can be conjured up in infinite amounts at will by crooked bankers in suits with phony smiles and calming words filled with complex economic jargon. So Germany needs to be able to swap its gold for that? Well, it seems many nations are falling for this simple, yet effective scam, as I outlined in my post: Ecuador to Transfer More Than Half its Gold Reserves to Goldman Sachs in Exchange for “Liquidity.”
German gold reserves, the second-biggest in the world after those of the U.S., totaled 3,386.4 tons on March 31, according to World Gold Council data. Due to German postwar history, the biggest part is stored at the Federal Reserve Bank of New York; the rest is in London, Paris and Frankfurt.
“Right now, our campaign is on hold,” Peter Boehringer, a Munich-based euro critic who co-founded an initiative to bring home all of Germany’s gold in 2012, said in an interview.
Right now and forever. Sorry suckers. This guy promises everything is just fine:
Full article here.
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Not being threatened by the US counts as a favor.
Always fitting -
One Tin Soldier - The Legend of Billy Jackhttp://www.youtube.com/watch?v=qswm7lHp7oY
We can put one M1A(X) Abrams tank on a C-5. (Payload is more but it's a logistical thing). M1A weighs some 65 tons (no ablative etc). Jes sayin'.
Suckers. Whatever. My gold is safe. If Germans are stupid enough to rely on their criminal politicians and criminal bankers to securing their precious and subsequent legacy for them, don't come knocking on my doors.
Personally, however I know a few Germans who have their gold and like boating on one of Germany's many deep Alpine lakes.
The day that the Euro dies is the day that the Buba will be fucked w/o gold.
Bad news for Germans who suck the government teet in whatever capacity as time and again the only "tool" that all balls to the wall central bankers have at their disposal is to print a.k.a "dilute" until Kingdom come.
There is no option. Get your gold and get it now.
If you can't hold it, you don't own it.
US threatened to release recordings of Merkel's private "discussions" with a particular friend. The "gold" remains buried and so do "the Merkel tapes".
Well no.......I would love to know the real trade offs here. Protection from the bear, Euro stabilization, sex with Hillary (no scratch that one), no interest loans to ECB?
One day we'll find out
there's gotta be a Russian angle
In 2008 Deutsche Bank et al got big loans from the Fed not to mention big currency swaps. We all know that DB is BK enough to take the world of fiat down along with humanity, so the Fed has a knife at the throat of Germany. You want the gold, ok then we all go down together.
This could go on for a very long time, or it could unravel tomorrow., who knows.
"Fuck Germany"
I'm with you on this. I couldn't give a shit if Germany gets their gold back. On second thought, I'm tickled pink that they're fucked.
Fuck The USA......Oh wait, like Ron Jeremy, he could Fuck himself.
Let's say they don't have the gold and Germany is trying to save themselves from a political disaster and potentially a economic one, along with the rest of the world. This worries me more, because it means that the same thing might happen as in the past, whereby the government confiscates gold bullion. Of course, technically this is "not" the government, so they could just tell everyone tough luck and sorry you trusted us. Whether or not Ft. Knox has all the gold???
Sure it's safe in the US' hands, sure it is.
Doesn't matter how many time you say that, i still don't believe it.
Sure it's safe in the US' hands, sure it is.
"The Americans are taking good care of our gold".
There's something Freudian in that statement. You don't need to take good care of gold, as if it was a tree, infant, aged grandparent or rented apartment. You just need to chuck it in a vault and turn the key. You can piss on it and it doesn't matter. "taking good care of our gold" implies subliminal recognition that something happened to it. As in "Relax, we took care of it. All of it."
It reminds me of the Stockholm-syndrome. But it's o.k. now, the dog has it's tail between the legs, accepting the slavery. But please, don't tell the people...
Safe in the hands of the Chinese and Russians that have been aquiring it.
Germany was probably told recently point-blank by the Federal Reserve that they don't have it.
The Federal Reserve instead will keep doing swaps with European debt with fiat.
Germany knows they are very vernerable.
HAHAHAHAHA I HAD TO HAVE A GOOD LAUGH.
Boy are Germans STUPID.
We will see if the German People are stupid. The Fed's decisions as well as American Decisions have cost death and Poverty, If the people in Germany band together it might not bode well for the Leaders. The stick the Mercianary USA Army has is getting spread quite thin.........even trust is lost, Truth in Transparency shows the USA is Corrupt.
As for JOEBLOWINVESTOR...........Your crash is coming.....and no , you have no friends in the World. You shall get your just rewards, even if it's because you were duped .
Agree with others that this means something. Germany originally wanted the gold in case the Euro collapsed, and that seems unlikely now. What might be happening is that Germany sees the petrodollar and yen both fading and doesn't want to do anything that would strengthen the Euro (like getting more physical gold) - because that would harm their export driven economy. I am also sure that the Fed will be paying dearly for this move, so lets watch and see. Did the Fed give dollars to Germany to channel through Belgium in order to buy treasuries - instead of giving them back their gold?
Good thought. Something smells.
Blowjob?
Actually the Polish government was beginning to figure it out ............. until their former government were all killed in a plane crash
I got a hard time upvoting it bc the humour could turn out to be more serious than we may imagine.
On topic: Germany may have realised that they already have enough tungsten stockpiled in Frankfurt...
RUFKM!?!?!!!!!!!
You knew you were not getting it back when you gave it to them.
They didn't, IT WAS CONFISCATED.
Given that they will never get their gold it was likely for the best that they said it was in safe hands in the USA. We all know this is not true but the confidence game requires a certain degree of naivete to make the world go round. Don't forget how long people have chosen to believe in their cr5iminal brokers and traders? If
'shill' is the name-of-the-game then why stop now? Wall Street and the 'Fed' has built their reputation on lies, statistics, and more lies.
Pathological liars and sociopaths run the 'Fed' and the lies must be
protected at all costs to keep the lies going and the circus tents
filled. Clowns cost money and so do monkeys and freak shows.
The United States of America is a freak show run by monkeys, liars, and sociopaths, and clowns. Clearly, there is no business like show business. Ethel Merman
Really, ZeroHedge. Haven't you got any standards at all anymore? This is outright embarrassing. Did you even bother to read the Bloomberg article that this clown is misrepresenting before you republished it and made it headline news?
Germany has never said it wants to repatriate all its gold. They never intended to, and they still don't. No change. Germany has said they intend to repatriate enough so that they will have half their gold back home. That's what they said they intended, and they still do. No change. And no story, just a lying, sensationalist headline.
When You read the thread.....Germany wanted an amount of Gold.....The fed gave one tenth of what was asked (not all was requested). Now whatever pressures caused the Politicians in Germany to bend over and take the shaft, or swallow, they did. Now the Gold that was requested is no longer Requested? Why? It is Germany's Gold? The same is Russia holding $US.Treasuries.....Now comments are to Cancel their Treasury Bonds. I am not American and thus DO NOT WANT A LEADER OF MY COUNTRY< > to TRUST the USA. I believe we hold SDR's..... Now I don't trust them either. The Banking Cartel that held Germany to ranson, can hold anyone to ranson....Read , they do.......
END THE FED....the private bankers are accountable to NO ONE
ANOTHER crucial story that got near ZERO coverage in the corporate (and government) media!
The story exploded across the financial blogosphere, but the only stories that Google News Search turned up for the past 24 hours were in Financial News, Miner.com and ... the exception to the rule ... Business Week.
This story should leak out to the public quickly in Germany and could well get a huge reaction. The English Language media are evidently trying hard to keep the public here in the dark about it, perhaps so they can paint the German reaction as irrational, strange and maybe even threatening.
The Federal German government and media will no doubt paint this outrage over the stolen gold - and at those who try to excuse it - as anti-Semetic.
(In case you missed it, you might want to go back and read this amazing developing story:
* "End The Fed" Rallies Are Exploding Throughout Germany *
http://www.zerohedge.com/news/2014-06-21/end-fed-rallies-are-exploding-t... )
I am reminded of the outrage in the US over the Bank Bailouts, which started with the small investor class and spread outward and broadened and grew into Occupy Wall Street. But this reaction in Germany could be more explosive and momentous.
This might be a good moment to reflect on the strange fact that, for some unknown reason, our loyal democratic friend and ally Germany is still US occupied, almost 70 years after the end of World War II and 25 years after the fall of Communism.
Perhaps we are about to find out why!
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
Speaking as an American familiar with the absolute deterioration of financial ethics in this country: Norbert, are you taking non-prescription medication and how do you expect to keep the job you are failing to do for the German people?
The reason is simple:
We showed them the operation that created an undersea landslide off the coast of Japan when that axis power started to trade with Iran and stockpile plutonium. Bad, bad boys!
This is what we do to axis boys who start sowing their oats. Nope they're not getting out of their box any time soon.
The Germans once upon a time were happy to extract the gold teeth of unfortunate Jews and now they are too shy to ask for their own gold back.
Me thinks that additional NSA recordings of Merkel and friends have played a role.
That sure is a nice country you got over here in Germany. Wouldn't want anything to happen to it.
"Forward deploy your Army...but not your gold." That does not seem unwise to me.
There is no German "NASA"...although there is Elon Musk. Even with a nasty shot of inflation 2.0 here it's really hard to be long gold...let alone copper, nickel, iron...you name it.
"We won't know what the treasury really has until interest on savings starts to move higher in a meaningful way."
That will also not only cause demand for gold to decline but also slow the economy as well.
Insofar as "inflation as recovery" I think the Fed has now said to everyone "game over."
It was Wall Street that fired everybody and obliterated the industrial base...let alone the entirety of the middle class. "Now lend into that."
The Democratic Party now is nothing more than an offshoot of Bank America near as I can tell.
Republicans are even worse...stuck in "War on the World."
Both sides of the aisle now need to "feed the beast."
"You love your Zionism? You can have your Zionism."
Don't blame the Tea Party if you discover the best way to defend Israel is to invade Russia, hang Libya out to dry or "rediscover the third Iraq War is even better!" Know one has ever given any thought on the "payment mechanism." It sure as hell ain't Wall Street!
my message to Norbert:
u are a dumb shit thinking the Fed has your gold safe. What did u krauts sell out for a blowjob???????
Inquiring minds want to know
Everyone keeps referring to the centenary of 1914 and WW1.
Although Germany and Japan have historically been very suspicious in their foreign relations it is worth pointing out that they have gotten the fuzzy end of the popsicle stick a few times in the past.
In WW1 Japan supported the Allies and expected to be invited to the big dining table for her contribution.So when the 1922 Washington Naval Conference comes along and the Japanese get the shaft. I can see their bureaucrats in Tokyo saying "If this is how we get treated for helping the West,screw them.Next stop Manchuria!".
Germany was hoping for some latitude after the Armistice (Wilson's 14 points).
Instead the Habsburg empire was torn apart,the Ruhr and Saarland occupied,the military shrunk to zero,and the reparations to infinity.The Pacific island possessions of Germany were traded to Japan by the League of Nations.
People see things through a filtering lens sometimes.The fact that these countries embraced militarism should be seen in the context that diplomacy was not always a success in the past.
It is also interesting that some of Winston Churchills private archives are still classified and will continue to be so into the future.Why the secrecy after seventy years?
Why the secrecy? Because Churchill was a fraud. A zionist stooge. Next to Stalin, the biggest fool, fiend and mass murderer of WW2. Although Stalin was no fool. He was evil-the worst ever, but the bigger fools were Churchill and Roosevet -though like Stalin, Roosevelt could arguably be deemed a great leader since the US and Russia emerged as the big winners of WW2. Too bad we squanderd our advantage by giving up our soversignty to the Banksters -for which we are soon likley to pay an even greater price than the havoc they have wrecked upon us. learn real history.
After GreatGameIndia in it’s explosive report exposed how the 2014 Indian LokSabha Elections was a British Intelligence PsyOps now an operation by German Customs official led to another expose that of the British Queen funding Osama Bin Laden.
Following the accusations DailyMail in it’s 23 June 2014 report titled Queen’s bank forced to deny that Osama Bin Laden had an account there after 14,000 documents seized from Cayman Islands branch reports that the Queen’s bank has denied claims in European newspapers that Osama Bin Laden ever held an account with the organisation.
In 2012, Coutts was fined £8.75million for ‘serious and systematic’ failings when handling money from suspected criminals or foreign despots.
German Customs Operation exposes British Queen funding Osama Bin Laden"Should Germany merchandise again in the next 50 years we have led this war (WW1) in vain." - Winston Churchill in Times (1919)
"We will force this war upon Hitler, if he wants it or not." -- Winston Churchill (1936 broadcast)
"Germany becomes too powerful. We have to crush it." -- Winston Churchill (November 1936 speaking to US - General Robert E. Wood)
"This war is an English war and its goal is the destruction of Germany." -- Winston Churchill (- Autumn 1939 broadcast)
"The war wasn't only about abolishing fascism, but to conquer sales markets. We could have, if we had intended so, prevented this war from breaking out without doing one shot, but we didn't want to." -- Winston Churchill to Truman (Fultun, USA March 1946)
"Germany's unforgivable crime before WW2 was its attempt to loosen its economy out of the world trade system and to build up an independent exchange system from which the world-finance couldn't profit anymore. ...We butchered the wrong pig." -- Winston Churchill (The Second World War - Bern, 1960)
THe US military is the only thing that stands between you and dollar collapse.
the weather prevented the shipment of gold from the u.s. to germany. now that the weather is better its not an issue anymore. good problem solved btfd ha ha
They'll ship all 134 tons eventually -but then an Iranian sub will allegedly sink the ship and it will be lost forever. A huge loss- except for Goldman Sachs or Larry Silverstein who will likley have the shipmet double insured (for their own benefit) throuh some kind of derivative.
Repatriation was just so yesterday. These countries need to learn to use boats.
These people are so fucking retard. We already knew when the token gold was delivered that when it fell short and was melted down and had different numbers and promised to be given to them over 10 years that it was vanished..so now after a fraction has been given back to them they withdraw their request??
So all this does is highlight those thinking it is not their in being correct especially with the geopolitical events and synergies currency wise occurring between China, India and Russia. So most would look at this as bearish for Gold because it means the U.S. Will not have to deliver the promised hold "held safely" opposite..we knew it wasn't there..you just confirmed it is not there.
So it's Bullish because all this purchasing by China and Russia and India PHYSICAL means that the Fed is so broke and reliant upon the illusion that we do not even have the money to purchase it in the open market and melt it down and deliver it IN A TEN YEAR SPAN...that would have been the smart move.. If they cannot come up with 110 Billion of someone else's money REAL money in ten years.. Even with this digitized money printing there are serious problems..
The problem is that going out into the market for that much actual Physical is going to drive gold to 3000 at least.
That silver spike was not an anomaly on Friday .. Somebody knew about this.
"This isn't the gold you're looking for"
"This isn't the gold we're looking for"
"You can go back to your business"
"We'll go back to our business"
"Move along now"
"We're moving along now"
https://dublinsmick.wordpress.com/2013/05/28/vindictive-genocide-most-fo...
The looting of India's gold and the great famine. For an old relic of no value they certainly go to a lot of trouble.
( It was Adam's idea that East India Company should rule India after the Battle of Plassey in 1757, when Robert Clive defeated to Siraj Ud Daula and ended the Mughal empire for good. East India company could have crushed Hyder Ali and Tipu Sultan of Mysore any time they wanted. But they cleverly did some HINDU MUSLIM DIVIDE, and held on till Hyder Ali and Tipu Sultan broke open the secret vaults and foundations all Kerala temples and Calicut King Zamorin's palace and stole Trillions of USD worth of gold, the fruit of 6 millenniums of spice trade. Jewish Rothschilds could have never achieved this, as the spy network information provided by the local muslim Maplah half breed Malayalees were critical. And then in one foul swoop in 1799, Rothschild killed Tipu Sultan and took all this gold away to their underground vaults in Europe. In July 2011, 24 billion USD worth of gold was found in a minor Sri Padmanabhaswamy temple at Trivandrum, where there was no spice trade. The main vault has not been opened yet due to judicial orders quoting security problems.)
Why doesn't Germany just -
sell the paper gold, a little each day for dollars,
and use the same dollars to buy gold metal.
And if that drives up the price of gold then that just increases the money received for paper gold the next day.
So the losses are greatly limited and most, not all, of the real gold metal is received, and in the end it's worth more than the paper gold.
They should have started when it was $1900 - the banksters would gladly buy their gold for $1300 with their unlimited fiat currency. By the time the germans finished, paper gold would by $800 - in five years it could be $5,000 or more.
Germany gave up due to the Trade they continue with Russia? The FED demands that German Companies such as SIEMENS .....stop, even go Bankrupt due to the FED's Policy's.
Literally................. We need to end the Corrupt FED. They need to Fail, then maybe we could have Peace on Earth. Anti - SEMETIC.......YOU BET>
Ha Ha , Thoses jews will never give the squareheads back their gold
Gee Wally,
" Gold reserves" vs Fed "Balance Sheet".... Right Beaver, that works the same as Rock vs Paper.
If I was German id be pissed!
Germans will probably fly into a rage and send more submarines to Israel at discount prices.
Some just want to live a normal life and some wish to wear Sauron's ring.
"Our race is the Master Race. We Jews are divine gods on this planet. We are as different from the inferior races as they are from insects. In fact, compared to our race, other races are beasts and animals, cattlce at best. Other races are considered as human excrement. Our destiny is to rule over the inferior races. Our earthly kingdom will be ruled by our leader with a rod of iron. The masses will lick our feet and serve us as our slaves." -
Israeli Prime Minister Menachem Begin in a speech to the Knesset quoted in Begin and the Beasts," New Statesman, June 25, 1982 by Amnon Kapeliouk.
http://www.countercurrents.org/lamb010709.htm
Unfotunately this quote reflects the beliefs of the powerful Jewish banksters - not all jews-just too many of those with the power and wealth.
It doesn't matter what Germany wants or does not want, their gold was long ago leased or sold off by the NYC bankers.
The Germans lost all of their balls 70 years ago and now they are reduced to building overpriced cars for Americans and Chinese to buy on debt.
The Germans are pretty beaten down, My father in law lost his arm with Rommel in WWII and my mother in law received shrapnel. He burned all of the old war books.
Now the people I know there are just tired of the endless wars and want to have a job and live in peace. That will not be possible however under the EU and austerity.
In fact Germany with no natural resources is being flooded with immigrants, many who seem to want to taunt Germans over their past. Housing and the price of living there is going to blow up sky high. You can see it now with Germans on the street calling for an end to the fed. I think most of Europe will go "Greece" before it is over with endless riots and monetary meltdowns. The bankers won't mind, population reduction is their MO. Another way to establish that is introduce various groups together who have not so much in common and try to starve them all.
If you like your gold, you can keep your gold.
There is no business like shoah business
You first clue is this, when people call themselves goldstein and silverstein, what are they really after of value? HMMMMMMMMMMMMM
Kind of wondering if there will be any fans on the German side tomorrow asking the US team for their gold back.
"“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”"
Norbet just wants to get his pension and exit the planet without any problems.
Bring on the big planet, let it be big, let it be redeeming.
http://dublinsmick.wordpress.com/2013/10/21/hercolubus-the-greatest-myst...
Sometime around 23 hundred years ago we see in the Mahabharata Ydhishthira has a vision of the age to come: I see the coming of another age, where barbaric kings rule over a vicious, broken world, where puny, fearful men live tiny lives, white hair at sixteen, copulating with animals, their women perfect whores, making love with greedy mouths. The cows dry, trees stunted, no more flowers, no more purity, ambition, corruption, the age of Kali, the black time."
Interesting if Germany cannot get its physical gold back what chance have ordinary people.
If Scotland gets it s independence will England send back its Gold/Silver from the treasury or a percentage of the gold that should belong to the Scottish nation.
No I am afraid that an independent Scotland will still keep the Monarch as the big kahuna. It is all show. Scotland is probably so nuclear radiated from the submarine bases they don't want it anymore.
The British keep the sabbath and everything else they can get their hands on.
British destiny is to be the criminal and not the victim.
THE GOLD IS GONE.
THE GOLD IS GONE.
THE GOLD IS GONE.
Hold on to your physical gold everyone! When their manipulation fails, and this supply of gold dam finally breaks... holders of physical gold will be very happy.
As long as they keep it very well hid, that is.
Maybe you should translate this :
http://www.contrepoints.org/2013/07/22/131749-lor-de-lallemagne-et-de-la...
Gold of germany has been rent to china says an old worker from Gold Man Sach... he tell that Bank Central use to rent gold for prevent the increase, but it has been consolidated in Honk Kong. Someone sell the gold he rent ... and they see the german gold there ...
I feel sad for Germans. I wonder how much longer they take this shit from crony bankers.
https://soundcloud.com/olav-nurk-1/reis
Germans stole German gold. The cabel of bankers are looking after their own. Merkel leaves a significant "tell" sign she and her administration are all-in with the greatest bank fraud in global history; all founded on fiat currency replacing money with debt. Germans are just as screwed as the Americans. Welcome to PrisonPlanet.
On July 4th, 1974, Louise Auchincloss Boyer's dead body was found beneath the window of her 10th floor apartment. Three days prior, a newspaper published a story in which legal counsel for the American Gold Association accused the Rockefellers of looting Fort Knox of most or all of its gold. The anonymous source of the story had been Mrs. Boyer, executive assistant to Nelson Rockefeller.
If you read the articel at "Bloomberg Businessweek" carefully you will find the following quote:
BuBa plans haven't changed at all. The article has a misleading headline, but doesn't claim a policy change. I suppose Liberty Blitzkrieg and Zerohedge know that. Otherwise they are not researching their stories thoroughly.