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Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed
A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank - what the real reason was for Germany's gold repatriation halt after obtaining a meager 5 tons from the NY Fed:
... the gold community paid great attention to the decision of the German Bundesbank to “bring German gold home”. At the beginning of 2013, the Bundesbank announced it would repatriate 300 tonnes of gold stored in the US by 2020. It is well behind schedule, citing logistical difficulties. Yet diplomatic difficulties are more likely to be the chief cause of the delay, especially seeing as the Bundesbank has proven its capacity to organise large-scale gold transports. In the early 2000s, the Bundesbank incrementally repatriated 930 tonnes of German gold held by the Bank of England.
Some took offense with this, pointing out, accurately, that the gold held at the NY Fed in deposit form for foreign institutions had continued to decline into 2014 despite the alleged German halt. Well, today we know the answer: it wasn't Germany who was secretly withdrawing gold from the NYFed contrary to what it had publicly disclosed.
It was the Netherlands.
This is the stunning statement made by the Dutch Central Bank earlier today, and which, all compliments to China's rate cut, is truly the biggest news of the day, as it shows that one doesn't need a referendum to repatriate their gold, nor does one run into logistic or diplomatic problems if one is truly set on procuring their physical.
As to why the DNB decided it was time to cut its gold held at the NY Fed by 122 tons? ""It is no longer wise to keep half of our gold in one part of the world," a DNB spokesman told Telegraaf. "Maybe it was desirable during the Cold War, but not now."
From the source:
De Nederlandsche Bank (DNB) has adjusted its gold stock location policy and has shipped gold from the United States to the Netherlands to spread its gold stock in a more balanced way.
Under the previous policy, 11% of the gold stock was located in the Netherlands, 51% in the United States, with the remainder held in Canada (20%) and the United Kingdom (18%). Under the new policy, the breakdown by location is as follows: 31% in Amsterdam, 31% in New York, with the relative holdings in Ottawa and London remaining unchanged at 20% and 18%, respectively. Following this adjustment, DNB is in line with other central banks holding a greater part of their gold stock in their own countries. Beyond realising a more balanced distribution of the gold stock across the different locations, this may also have a positive effect on public confidence.
Changing the distribution of the gold holdings across the different locations is not without precedent. From the end of the Second World War until the early 1970s, for example, DNB increased its gold reserves following the Bretton Woods Accord, mainly in New York. Since then, there have been other movements in DNB's gold stock. The main reasons for this being the gold sales in the past few decades and the closure of the vaults of the Reserve Bank of Australia, as a result of which DNB shipped gold from Australia to the United Kingdom in 2000.
Sure enough, AP confirmed:
The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam.
In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.
"With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country," the bank said in a statement. "In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public."
This is how the Old and New gold allocation of the Dutch Central Bank look currently:
Note: the reallocation has already taken place, and is not - like Germany - subject to a 5 year period during which the NY Fed is expected to recoup the gold. So it can be done!?
As to when it was done, here is the NY Fed's monthly reports of gold deposits by foreign entities: here we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 57.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a doozy.
Some more details from the Dutch Telegraaf, google-translated:
In the vaults at the Amsterdam Frederiksplein was until recently 11% percent of the total of 612 tons of government gold. That is screwed up to 31%.
For years there were major concerns of the gold was still there. This months of almost military organized gold shipments from Manhattan DNB wants a 'balanced' distribution of the national gold buffer.
In addition, DNB expects Dutch citizens more confident that enough of our gold is in their own 'home' to guide the country if necessary following major crises.
At that effect also highlights the German Bundesbank, which are gold also partially recovered. De Nederlandsche Bank has great silence in recent months retrieved 130 tons of gold bars.
Last week drove armored trucks back and forth towards the Amsterdam Frederiksplein. "It is no longer wise to keep half of our gold in one part of the world," the DNB spokesman on the massive operation with gold bars to Amsterdam says. "Maybe that was during the Cold War still desirable, not now. ''
In Amsterdam is recently 31% of the gold. In the vaults of New York is 31%. It remains. De Nederlandsche Bank carries no gold bars back from the protected storage in Ottawa, Canada, where 20% of the gold remains. In London, the Netherlands keeps 18% of all Dutch 'sandwiches' gold as nest egg.
Netherlands moved his gold in the past frequently. In the period after the Second World War until the early seventies the Dutch central bank bought gold to replenish its reserves. That was mainly focused on the vaults in New York, which are built to earthquakes and bomb attacks endured. Since then bought and sold DNB gold and earned it every robustly.
Another curiosity: the gold was repatriated by ship. From Dutch News:
In total, 120 tonnes of gold valued at €4bn has been brought back to the Netherlands by ship, Nos television said. The high security reparations for the move took months.
Luckily, that particular vessel did not suffer any "boating incidents."
And now that the Dutch have shown just how "easy" it is to repatriate one's gold when not entangled in shifting alliances, diplomatic feuds, or suffering from "logistical problems" preventing one from collecting their gold, we wonder just how much more eager Germany or Switzerland will be to collect their own gold, or whether the Swiss November 30 referendum will decide to let countries like the Netherlands have a right of first refusal of whatever gold may still be held at the vault located 90 feet below street level at the New York Federal Reserve Bank (which as we reported a year ago, is connected by an underground tunnel to the JPMorgan precious metal which was located just across the street).
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Best to own the shiny in hand, or, next best, still in tne ground. (In a safe jurisdiction, far from the grubby hands of Uncle Sam)
I just heard this story on CNBC!
Ha, the Dutch front ran the Germans..
How is it the Dutch get their gold back but the Germans get stiffed?
Member of the Tribe must be running allocations.
The Dutch agreed to publicly play the part of stupid logically-challenged Eurotards, and announce that they were no longer storing 50% of their gold in one place (which only works on a technicality if one counts the 11th US state of NY separately from the 57th US state of ON).
Honestly, the question is why would anyone leave their valuable belongings at the care of someone elses possession in the first place. I am sure that the central bankers all know their counterparts are just as filthy and cant be trusted. Its like leaving my money at my brother in laws place and he seems to have a gambling issue. Just makes No fuckin sense. Everyone should just get their own gold back.
Apparently, Germany has not given up on getting their gold back;
https://www.bullionstar.com/blog/koos-jansen/german-gold-repatriation-ac...
time for regime change in netherlands
here is the deal:
Netherlands plays along with the MH17 story and gets compensated from the disappeared Ukraine gold. That is your diplomacy at work. Respect for the Dutch negotiators.
What's all the fuss about such a barbarous relic?
Is it possible central bankers no longer trust each other?
[no honor among thieves...]
Wait until the Swiss hear about this! Woo-hoo!
Ghordo - If the Euro is so excellent -- why were the Germans and the Dutch making plans to leave?
I want to ask this again from another thread just to see what anyone else thinks:
Does anyone else think the Nov. 30th date of the Swiss gold referendum vote seems a little suspect?
I mean doesn’t the Cartel like to hammer the paper PM’s on American holidays when our market is closed?
So if they wanted to scare the Swiss voters from passing the law (Which we know they do) then wouldn’t our Thanksgiving holiday when the market is closed be the perfect opportunity for them to crush the PM’s right before the vote is to happen on the 30th?
If they do that to scare the Swiss voters then maybe we could see gold down near 1000 and silver down near the 14?s.
Any thoughts on this? I’m saving my dry powder up just in case this is how it plays out. Might be a sweet buying opportunity.
Why would the price of gold have any influence on people's opinions about the referendum? How would that 'scare' the Swiss?
ALERT ... NAIL Gunz Needed ... NAIL Gunz Needed ...
Anybody see the amount of gold held in Netherlands is now identical to the United States? They dare not have more in their own country than in the United States, which would show a lack of confidence.
Of the 122, betcha 20.8 made it's way from Ukraine
http://www.zerohedge.com/news/2014-11-18/ukraine-admits-its-gold-gone#co...
Another theory could be that the Germans had first dibs but declined on the tungsten filled bars and the easy going Dutchs just said `we'll take these, better than Nothing!'
Looks like the germans will be waiting a long long time.
Is this the same country who put a banker in jail? Just curious.
Watching the gold lease rates increasing showing physical shortage.
This has the potential to turn into a mess very quickly.
Fuck... do you really think the Dutch forgot to take ultrasonic thickness gauge with themselves?..
@Divided States: hahaha, Netherlands will find out once they melt ot down and try to sell some kilos off to Shanghai!
What I find suspect and incredible is that the Dutch authorities discretely and spontaneously made the necessary to get their gold back …and got it indeed, whereas the Swiss people had to launch and defend a referendum against their own Central Bank and governement regarding almost the same subject, and are still ridiculed by TPTB, with no obvious success in sight.
How can two governments have such an opposite attitude about the same subject ?
Dutch +1000
Swissies -1000
The Dutch witnessed what happens to nations that disagree with Uncle Sam; namely, they get their asses confiscated or frozen. [You can ask the Russians about that hard lesson]
Lesson: If you don’t hold it, they’re going to confiscate it.
~"Netherlands plays along with the MH17 story and gets compensated from the disappeared Ukraine gold. That is your diplomacy at work. Respect for the Dutch negotiators."~
Why do I think this is somehow tied to the secret European "Buyer of last resort", (who is supposed to be a Belgie), who willingly propping up T-Bill sales? Did I miss something here?
Yes, I think that is what happened.
However, there's more to this. Timmermans (now under the wings of Junckers) is working to get the TTIP (with or without arbitrairy clause) pushed through.
"Respect"? It's the dutch people's gold, if this was a trade then it's a machiavellian one. Sounds more like "treason" to me.
What's required to get the other 31%?
That said.. there seems to "have been" a plan to reïntroduce the Gulden, the currency before the Euro in 2012.
That plan seems even more rational today, given the total financial mess in Brussels. (the sudden "hole" of 1,1 blj. euro)
http://www.nrc.nl/nieuws/2014/11/18/regering-had-in-2012-scenario-klaarl...
http://fd.nl/economie-politiek/902973/eu-naheffing-naar-1-1-mrd-door-beg...?
I think the euro mess is a lot messier than we know.
fun read from 1912
us money vs corporate currency
like reading a current blog
In case anyone can't read it on Google (like a current blog)
https://archive.org/details/usmoneyvscorpor00crozgoog
thanks, urban.
+1
Quid pro quo for MH17 coverup?
THIS IS EXACTLY WHAT I WAS THINKING!
"Listen, here is the deal -- we kill a ton of your people and piss off the entire world at the Russians. If we get the war we want -- you get Flanders back. If the Russian's don't bite -- you get all of Ukraine's gold. If you don't agree right now -- we offer this to the Germans. Deal?"
"And we'll call it an agreement too!"
Yep, Putin is a tough guy alright. How he graduated from KGB University is a mystery to me though.
The way I analize it , KGB was smart , and he was a Colonnel
wow man you must be an insider lol
After now US army was the reason.
No longer any more.
what they really meant,
"It is no longer wise to keep half of our gold in the hands of Goldman scum"
Honestly, the question is why would anyone leave their valuable belongings at the care of someone elses possession in the first place. I am sure that the central bankers all know their counterparts are just as filthy and cant be trusted. Its like leaving my money at my brother in laws place and he seems to have a gambling issue. Just makes No fuckin sense. Everyone should just get their own gold back.
It makes perfect sense to Western central bankers, because they can shift it around, rehypothecate it, and lease it out more easily via their various gold swaps, thus keeping its price down in terms of their chief product, fiat.
DS they were afraid the Russkies might invade and grab all the Euro gold, no one mentions this, but that was the logic behind storing gold "safely" in Nor Am.
@Divided State: Part of the contingeny planning during the cold war was was to develop scenarios for the overrunning of Western Europe by Soviet forces. Needless to say, when my forces get to your central bank, I am going to make a withdrawl. So, the gold was moved to protect it from the USSR. Now the gold is being moved back to Western Europe to protect it from the USSA. That's it in a nutshell.
;-D
Yeah that whole "Tulip-mania" thing there left a lasting impression on them.
After the obligitory dead-of-night smackdown, gold has rebounded strongly. If it finishes strong today, the third Friday in a row, then it is clear that the cartel is losing control. Note we said "losing", not lost. Those of you waiting for lower prices will be waiting a long, long time.
Things are about to get REAL INTERESTING in the PRECIOUS METAL MARKETS. If we get a YES VOTE for the Swiss Gold Referendum... this should signal the end of U.S. Dollar hegemony.
Furthermore, GFMS made two big announcements in its Silver Market Interim Report just released a few days ago.
THESE ARE A BIG DEAL:
Silver Mine Supply To Peak 2-3 Years & Drawdown Of LBMA Inventory – GFMShttp://srsroccoreport.com/silver-mine-supply-peak-2-3-years-lbma-inventory-draw-down-gfms/silver-mine-supply-peak-2-3-years-lbma-inventory-draw-down-gfms/
@Steve (SRSrocco)
Do you think the Nov. 30th date of the Swiss gold referendum vote seems a little suspect?
I mean doesn’t the Cartel like to hammer the paper PM’s on American holidays when our market is closed?
So if they wanted to scare the Swiss voters from passing the law (Which we know they do) then wouldn’t our Thanksgiving holiday when the market is closed be the perfect opportunity for them to crush the PM’s right before the vote is to happen on the 30th?
If they do that to scare the Swiss voters then maybe we could see gold down near 1000 and silver down near the 14?s.
Interested in your thoughts on this.
Obvious manipulation is no longer scaring those who are awake.
Anyrhing can and will happen. That being said. .. a vote either way will be positive for gold going forward. Now that we hear Netherland secretly getting their gold from the NY FED... this could also put more pressure on other central banks to bring their gold back as well.
This ccould actually be the factor that motivates the Swiss to vote YES.
STEVE
"Finished strong" ? Don't make me LMAO.
You'd have sung a different song a year ago, if it were at today's price.
I've been harping on this for over a year -- the lone voice, like John the Baptist -- that TPTB will keep it down or channel-bound, until they decide otherwise. Getting excited about a little rise is like a bum getting hard because a girl smiled at him.
Human nature... so predictable.
That's what happens when even the goldbugs buy for the wrong reason.
If you bought PMs with price in mind, you're in for a real disappointment as we move through the last stages of this manipulation.
Strong hands, only strong hands...will survive the coming deflation.
DaddyO
Kinda looks like a puppet government in Germany since 1945 is true.
as well as Japan.
Guys! They're still both Occupied Countries, FFS!
Yeah, but "only" about a 100,000 troops....lol
Yeah, one ounce per GI is what we needed. Love you long time, getting tired of all those muslims.
Yep...70 years later. And hell we've been in Iraq what 25 years now.
Here we go, courtesy of Penelope on The Saker blog
Germany is controlled through 6 ways that I know of:
1. There are many US troops still on German territory. 75k?
2. At German reunification, US threatened to prevent it unless Germany signed a letter/treaty of submission agreeing that US controls its media till 2099.
This treaty has been confirmed by Major-General Gerd-Helmut Komossa, former head of German Military Intelligence in his book “Die Deutsche Karte” (The German Card). (Banned in Germany)
3. Germany is still under the UN's "enemy state" clause, which limits its sovereignty.
http://www.rense.com/general69/germany.htm
4. In taking all important decisions Germany must "consult" w Supreme Allied Command (US/UK).
Russia rescinded this power at reunification; the others didn't.
http://nsnbc.me/2014/07/11/germany-expels-u-s-spy-chief-opens-geopolitic...
5. Germany has no peace treaty, so no constitution. The current govt not really the govt of the whole of Germany, etc, etc.
6. The German people have been kept in ignorance of this. Traffic violations are dismissed whenever the person presents a Third Reich (drivers lic or passport, I forget which) because the current govt not really the legal sequel. ("Sequel" not the right word, sorry, sleepy)
Great post!
6. The word you're looking for is "Successor" (Nachfolger).
Listen.
The Tribe tungsten injection crew. Germans would know somethings up, Dutch.... Not at all!
You need a new schtick Gully, this one is stale already.
Listen.
Relax little Zero. Don't get so emotionally involved, ok?
Read some, skip some, it's how normal people do it.
The Dutch are famously careful with the pennies. Is that why they used sea to ship the Gold back home? A single KLM 744 freighter could have carried that weight from JFK to AMS...
Plausible boating accident deniability.
"Oh, that gold that fell over the side? That was Germany's gold; the Dutch gold made it safely across..."
I dont think the Dutch will want their own MH370 incident Now do they?
Well, I'll betcha that "ship" was owned by Uncle Sam as in USS Bunghole Aegis Class Destroyer Garbage Scow Tender or.... probably one of HM Twinkletoes Queendom Beattrix who otherwise threatened to blow the whistle on the upcoming Bilderberg meeting and the follow up child pedophilia and sacrifices at the Bohemian Grove.
When ya got a question, just feel free to ask.
They don't want it to disappear midway home.
or have the cargo double insured with a tribe connected ins. co. In which case the ship probably got a U.S. Navy escort.
More likely a Dutch naval ship escort all the way home. They couldn't do that with a plane.
logistics were easier from Kiev
I suspect this is quid pro quo. They got to jump the line in exchange for laundering treasury monetization.
Listen.
Nice association, astute. Agreed.
Good little Dutchboy. Good.
Yep. That popped into my head when I read the headline. Now, if they tie the delivery date(s) to when those purchases were happening that'll be that.
squid pro quo
That was in Belgium (Euroclear) wasn't it?
Goldmember! That's why.
The true reason behind the Dutch successful repatriation of 122 tons of gold from the US. See
"Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed"
Per secret agreement with ousted president of Ukraine, the Dutch Royal family and the Dutch-Shell company own the territory of Donbas in perpetuity. People of Donetsk people's Republic and Lugansk People's republic don't recognize this sale of their lands and properties. (Needless to say they never got a dime for their land.)
"Yanukovych’s government sold 5 provinces of Ukraine to the Anglo-Dutch company, Shell, and US Chevron for 50 years, with rights for renewal at their discretion.
http://axisoflogic.com/artman/publish/Article_67005.shtml
According to Article 2.5.3 of Agreement, the Ukrainian government has no right to refuse to renew this agreement.
Appendix 1 of the Agreement with the company «Shell» given the exact coordinates of the "Treaty Land" to be allocated for shale gas. This area mainly is Donetsk and Kharkiv provinces (approx. 7,886 square kilometers), including such major cities as Slavyansk, Izum, Barvenkovo??, a huge chunk of Kramatorsk, part Druzhkivka and Balakley, as well as dozens and hundreds of smaller settlements.
According to Article 37.2 (b) of Agreement, properties of residents of these cities no longer belong to the residents.
After the coup, companies and mediators have been removed and were replaced with another one - Burisma Holdings."
This agreement is the true reason of genocide of the people of Donbas. The Dutch royals is the main force behind the NATO war on East Ukraine. To finance this ongoing war, the Dutch got 122 tons of gold from the Feds.
samiam,
wow, that's fascinating. thank you.
US telling Germany that their cooperation WRT Russian is a required and valued role.....
The country with legal whores and drugs? Yep, that's probably it.
That's my question as well. How come the Dutch have more pull with the Fed than the Germans do?
The Dutch Queen is the Cousin of the English Queen. The Royals in both of those countries still run the show.
The Netherlands has a king since last year, Willem Alexander, the son of the previous Queen Beatrix. She's likely still in control though. WA is just the figurehead, he's not as cunning as his mom.
I think when the Immigration Reform has taken it's full course, and Mexico has retaken America, the Inca's and the Mayan's will want all their gold and silver back too.
I have no problem with that, as long as they give us back our $24 dollars in beads and take Manhattan along with their gold and silver.
Just google it.
Denmark shares U.S. views on the positive ramifications of NATO enlargement. Denmark is an active coalition partner in the War on Terrorism, and Danish troops are supporting American-led stabilization efforts in Afghanistan and Iraq. The United States also engages Denmark in a broad cooperative agenda through the Enhanced Partnership in Northern Europe.
Questions?
How do you say "Useful Idiots" in Danish?
Good point Haus but the reality is simply that the Germans entered into a swap arrangement in which their gold was loaned into the market. That is why repatriation of their gold would take so long. it can only come back as fast as the bullion banks can close their leases. I have been saying that here for almost a year now and it seems as though someone in the "fight club" is finally getting it.
The Dutch gold in America was a simple storage arrangement from the cold war era.
Still there is no doubt that the chosen will always get to the front of the line where state largess is concerned.
Was watching CNBC the other morning and this guy comes on in what looked like a PSA from the US Commodity Fund(or something like) and was talking about how gold isn't a good hedge for inflation. Very strange.
Well, I'll bet he was wearing a nice suit. He should be made aware that at the turn of the 20th century, an ounce of gold would buy a nice suit of clothes. The same is true today...
Methinks, that gold is a proper hedge based on my example.
DaddyO
Well today most Americans who own gold probably don't own a nice suit and probably don't even want one.
Same indica with silver and gasoline. When I was a kid, gallon of hi-test was 25 cents. Today (well, before the Saudi's started smashing the shit downward to fuck over Vlad and the Bakken people) at $3+, was still about the melt vale of a good old fashioned silver quarter.
Uh huh uh huh uh huh.
Which is creepy neat. Means that the price of both the silver and gold viz gas and a fine suit, are where they should be with respect to "real" money.
QED
BUT Also means then, that the "Peak oil" effect has not been felt one iota. Because in real terms, it has not become more expensive. .... So, mayhaps the peak oil meme is in the same box of political mumbo jumbo as global warming, etc., etc., etc.
Can't have it both ways, people!
Good comment, Knucks...but remember that you're comparing the FIAT PRICE of gasoline to the FIAT PRICE of silver. Since we know all markets are manipulated, these "prices" are presumably wrong. I suggest that a 1964 quarter should probably buy us 5 gallons today. Good thing I have a shitload of 'em...
Great comments, all!
Just keep in mind that the above examples highlight the reality of manipulation and central bank interference.
When the notion of inflation hedge is applied to PMs, the principle is validated at its core, through realtime application and the resulting empirical evidence.
DaddyO
Knuckles, I carry a 1963 quarter in my wallet to demonstrate this very example to anyone I find myself in conversation with. Makes a clear impression to anyone holding it in their hands when you explain that this same quarter would have bought a gal of gas in '64 and will today. Also makes a good springboard to how the Federal Reserve Bank made this happen to the dollar. Neither the quarter or the gas has changed much since then (excepting unleaded gas and ethanol). But the change has occurred with the dollar.
the suit and gold ratio should be by now 10 suits per ounce.
edit: At least.
Its still only worth 25 cents....
If you think that. Really honestly think that, then I'll buy all the pre1964 silver quarters you got at 25 cents a piece. In fact just to make you feel good, I'll double the offer if you sell me more than 1.
50 cents a piece in bulk.
I'll give ya .75 per silver quarter ;-)
Gonna start a bidding war. lol
Coinflation Silver Calculator: http://www.coinflation.com/coins/silver_calc.php
And a Morgan silver dollar is still worth just a dollar, right?
Is it just me or have all the world's governments become a group of kleptomaniacs who cannot steal enough from themselves, their people and each other?
France front ran everyone by a huge margin... We had politicians and economists, at the time...
I guess Germany can invade them again to retrieve what's "theirs".
Ha, the Dutch front ran the Germans..
I like the Dutch.
So the Germans and the Dutch -- whos next (I am looking at you Austria and Finland)
...and exactly why is this story " a stunner"...?
I simply don´t get why removing phyzz out of reach from Fed would be such a strange thing. I would rather say it´s the normal thing to do given current situation.Self-preservation and all that. Like NOT shooting yourself in the head.
What?
Explanation as to why Holland got its gold back and Germany didn't goes back to WW2. US extracted its price, Germany will never get its gold back, whereas the Dutch were on the side of America.
Simple as that. US still dominates Germany, occupies it, emasculates it.
Sorry Germans, but this is the undeniable truth.
Hey German citizens:
Do us a favor and demand your government repatriate your gold.
Signed,
Fiat enslaved (legal tender) US citizen
End the Fed renounce the empire.
Well, the Dutch will of course from now on do as the US will tell them. For example in the investigation of MH17, in which the Netherlands has taken the lead role because of the large number of Dutch citizens on board. Oh, and by the way, what happened again to all that Ukrainian gold...? Could that perhaps be 'part' of the 122,5 tons that the US 'repatriated?'
Seeing is believing, and knowing the complete disdain that the Dutch politicians hold for their citizens (taxes are one of the highest in the world) and how they always turn out to be the loyal vassals of the US, I somehow SERIOUSLY doubt that this gold repariation really took place.
Helpful all the same.
Wonder when Putin is going to play his card.
Also wonder when the German people are going to wake up to their political reality, that they are still overwhelmingly dominated by US.
Germans won't (at least not en mass) wake up. I live in Germany and IMHO the mentality has changed very little in course of the last 69 years since the end of WW2. "Befehl ist Befehl" (orders are orders) is their main motto and the big big majority take pride in being an obedient citizen and wait in front of a red pedestrian light on a deserted street in the middle of a rainy night...
You honstly think they will ask for their gold back? Na, I seriously doubt it. The government has provided them with a 'plausible' explanation, and now it's: "go back to work, ihr Steuersklaven!"
+1. Bokken_Rijder (Goat Rider/Shagger), you totally "nailed" it. Have worked there for years and agree.
"Obrigkeits_bewust" (lit. Authority Awareness) they call it. Been drilled into them for centuries by the FEUDAL ELITE: The Secular Elite (Royalty and Nobility) and the Clerical Elite (priests and ministers). Even in daily dealings (personal, professional, business), I've noticed that most Old World people (Europeans, Asians) instinctively operate at 3 levels of response:
1. The kowtowing to those that they see as higher up than themselves on the power scale (the rich, powerful, gov.authority, key clients),
2. The collegial pleasant response to their "equals", and
3. The somewhat dismissive, snooty or even rude response to those lower on the food-chain.
Class-Consciousness -- it's so deeply ingrained in them, that they aren't even aware of it. But North Americans, who are less class-conscious are likely to pick up on it.
Now, to offer the Germans a "controlled release valve", they are able to protest about Liberal issues that encourage the growth of government: Environment, Social Programs. And then there's foreign meddling, via the PC social meme of "Human Rights", of course.
Until all countries boot out their DOD occupiers and truly re-exert their own national character and identity, they are all puppets of the DC and NY regime.
Wait, are you saying that the Ukrainians shot down the pane with a bunch of Dutch on board? and therefore the Dutch got paid off in Gold?
I thought the Ruskies did that one? I am confused.... I will watch CNN to resolve....
Spot on!
All depends of course on what is meant with "recently repatriated". Before or after MH17?
Nuclear umbrella and military collaboration doesn´t come cheap. On the other hand if the U.S. finds itself in a situation where they are unable to put might behind word - then the game plan changes.
And I think that the nuclear protection is not all what it has been made out to be. The different nuke stashes kinda cancel each other out. You can´t really use it full-scale unless you are willing to get annihilated. Most likely it will someday in the future be used in domestic setting for domestic purposes. Tomorrow´s warfare may be much more indirect.
We are after all a global community - so it´s a question of how you define the enemy.
A bit paranoid, no?
No - not at all . Read the National Inquirer and those other insane UFO-rags and all will be revealed. Or just a string of new Hollywood releases. Makes you wonder where the script wrighters get all their ideas...
AND I am not sarcastic or cynical nor am I paranoid.
Why oh why spread your gold out? Why keep it at the FED? That's easy... if you repatriate it all to your country the US will do what it does with other countries who have oil or anything they wish to have, or control. Engineer a war and take it from you... so you choose not to keep all your apples in one basket. Aside from that, who is best equipped to protect your gold if you "store it with them?"... the largest military in the world. So the Netherlands spreads the gold out here and there and by doing so "spreads out" their potential losses... but also makes it look like they haven't lost faith in the FED's/US's ability to protect it from anyone who might try to take it... I mean, who is going to manfacture a war with the US in order to try to take the gold stored in Mahattan? Nobody.
Why oh why spread your gold out? Why keep it at the FED? That's easy... if you repatriate it all to your country the US will do what it does with other countries who have oil or anything they wish to have, or control. Engineer a war and take it from you... so you choose not to keep all your apples in one basket. Aside from that, who is best equipped to protect your gold if you "store it with them?"... the largest military in the world. So the Netherlands spreads the gold out here and there and by doing so "spreads out" their potential losses... but also makes it look like they haven't lost faith in the FED's/US's ability to protect it from anyone who might try to take it... I mean, who is going to manfacture a war with the US in order to try to take the gold stored in Mahattan? Nobody.
Tungsten repatration, on the other hand, is way ahead of schedule.
I have read from various sources that USA is secretly selling gold from Ft Knox. Seems America's financial situatio is so bad they need to do this. USA is dying. Why can't Americanos see this?
Post please
Because their busy social networking, keeping up with sports or the Kardashians. Also being flooded with doctored BLS numbers.
The people in the 1930's realized more.
How true, most have only experienced paper money and have full confidence in it. None have ever experienced anything like the great depression. It will be like an NFL linebacker hitting a little league RB when this all goes totally south.
Listen.
Why can't Americanos see this?
Because of their Freedums.
Please stop posting this fucking nonsense! The Fed invents more money in a month then the value of the entire supposed Fort Knox gold horde. At $1300 per ounce, gold is inconsequential.
Until a global gold revaluation hits your doorstep ad had happend before in history. What was it again o yea " Those who cannot learn from history are doomed to repeat it"
gold is only at this value because the paper trades are not related to the real stuff. When people wake up and realize that paper money is spewing out of the taps at the connected and the influential, then they might start to wonder what it is actually worth.
Not much, once doubt sets in.
We have seen that movie a number of times, and there are really no use for any fiat currency where faith has been lost. Burning the stacks of Reichsmarks was found to be cheaper than buying fire wood in Germany.
It is the old story, things are like they are, until they aren't. And that transition can come quicker than you can get your hands out of your pockets.
Paper spewing out of the taps doesn't matter one iota to the people, and most support it. Transfer payments in cash and services make up a stunningly high portion of the populations income flow. If the tap stopped, those payments would crash. Some future monetary issue months or years down the road matters little to the people who's time horizon barely exceeds their monthly snap card refill.
Ironically the dire employment situation is the only reason that inflation is not in triple (and higher!) digits.
When I was young my town would have a bottle cap carnival.
All the kids would save up bottle caps for a year and one day in the summer everyone would go and have fun spending the bottle caps on games and win toys. When the carnival was over the bottle caps would be found discarded all over the ground. For a few hours the caps would be in demand and everyone wanted them and then when the fun was over the caps became worthless. I always think of that when anyone mentions the Weimer republic
When I was young I skipped the bottle cap carnival - I was busy cleaning out every park in mmy hometown, using my metal detector to accumulate a nice cache of silver. Only thing I ever like pulling out of the ground more than silver was a Civil War relic....
Gold is money. FRNs are not.
You, madam, are inconsequential.
At 17 trillion and counting money is inconsequential. That´s if you don´t factor in the derivatives - then it´s quadrillions.
I wonder what it takes for someone to point at a fatroll of banknotes or big stack of derivatives and say...I have enough toilet paper. You can barter what I have for...detergent. That´s what I want. Detergent.
Welfare is cancer. 60% now draw some sort of assistance.
That´s a lot of detergent that needs to be paid up. Really.
US dollar backed by nothing except nukes and the military.
And those contraptions from Apple.
Apple at least makes shit.
Facebook just build a profile on you for .gov.
The thing is that you need to pay the nukes and the military with dollars. When they go to zero value - it will be a tad more complicated to protect them. Will happen ,slowly , when the world goes off dollars as reserve currency.
Well someone got word the shit is going to hit the fan. The sheer amount of gold being aquired and moved is impressive yet relatively undiscussed ( except maaybe here) much less the velocity of aquisitions by countries and their 'central banks'.
In exchange, the NY Fed obtained a 50 year LEASE on the services of the little Dutch Boy to help plug holes in its dike & slow down the leakage.
Bill Clinton will be relieved on that news.
Bill sure has plugged dykes...I didn´t know he was Dutch though. Anyway let´s leave America´s first black prez alone. To enjoy his cigar. " This seegar here really tastes good"
Please start with the Houston mayors' mouth. budumpshh!!
Now , now - temper. We love all the North American Mayors. From Toronto to Detroit to Houston to New Orleans. Modern day WC Fields on coke and on the take. Wasn´t Rod (Blagojevich) a mayor in Chi-town or was he the governor of Illinois. I forget. Anyway I hear there´s an opening in the Health Department for the ACA-program that has Rod´s name written all over it. After all Rod is a staunch liberal - the Chicago style.
I can hear Rod on the phone yelling at Gruber - "this healthcare thing is too valuable to just to give away. I want to see money on the table!"
You mean they managed to get their fucking gold back??? Germany must be fuming no.
The German gov no the people yes
They managed to get Ukraine's gold you mean. Much simpler logistics.
In addition to this: this week it also came out that the Dutch government has been taking preparations for returning to the guilder, and closely cooperated with Germany about this as well. Reuters did report on this, as did EU Observer:
http://www.bloomberg.com/news/...
http://euobserver.com/news/126...
Beside Reuters and EUObserver, I can't find hardly any coverage on this outside The Netherlands, except for one article in German, which appears to be based on the NRC article below:
http://diepresse.com/home/poli...
In The Netherlands, this was widely reported by many main stream newspapers as well as the national radio news bulletins. Like for example the NRC:
http://www.nrc.nl/nieuws/2014/...
The source of this story is an interview with former Finance Minister Jan-Kees De Jager in a TV program:
http://omroep.human.nl/medialo...
A translation of the NRC article, which contains quite a lot more detail than the Reuters coverage, especially with regards to Germany being involved:
-:-
"Government had scenario ready for return to guilder"
by Eva de Valk.
INTERIOR During the height of the euro crisis in 2012, the Dutch government prepared a scenario to bring back the guilder as the Dutch currency.
This is reported by the TV program Argos Medialogica from the public broadcasters Human and VPRO, based on their own research. A special multidisciplinary team of, amongst others lawyers, foreign specialists and economists, discussed the secret emergency scenarios at the Ministry of Finance, according to a press release from Argos Medialogica. For the worst case a scenario 'Florin' was ready: a return to the guilder if the euro would fall.
The television program bases its findings on anonymous sources around the Ministry of Finance. A spokesman for the ministry conforms nor denies the existence of the 'Florin' scenario to Argos Medialogica. "We took every possibility into account, but aimed for a recovery of the euro," the spokesman said.
UPDATE 14:36: Minister of Finance Jeroen Dijsselbloem confirms to RTLZ that the government has indeed prepared for a return to the guilder at the height of the euro crisis. According to Dijsselbloem it was not possible to speak openly about this at the time, because it could cause panic on the financial markets. "So you prepare yourself, but you do not make it known. Very wise. "
DE JAGER: NETHERLANDS COLLABORATED WITH GERMANY
Former Minister Jan Kees de Jager confirms that different scenarios were investigated. De Jager to Argos Medialogica:
"The team usually arrived at Friday afternoon after the regular cabinet meeting at the Ministry of Finance, but could also be quickly available if we had to make a decision."
According to De Jager there was close cooperation with Germany regarding the preparation of scenarios:
"The fact that several scenarios were discussed in Europe was very scary already to some countries. They did not do that, remarkably. We were one of the few countries, along with Germany. We even also had a team together which discussed scenarios, Germany-The Netherlands."
Also, De Nederlandsche Bank (DNB) thought about returning to the guilder in 2012. In March of this year, President Klaas Knot said in the TV program College Tour: "There have been times then when when we started thinking about such scenarios within the bank and started making preparations. I never want to end up in that again."
The episode about the financial crisis of Argos Medialogica is broadcasted tonight at 23:00 on NPO 2. Watch the trailer:
-:-
Very interesting detail from the Bloomberg coverage:
"When asked about Germany, Dijsselbloem said he couldn’t say whether that country’s government had made similar preparations."
Apparantly Dijsselbloem forgot to consult De Jager about this....
It is remarkable that this data all comes out just a week before the Swiss referendum, including the statement of the Luxembourg ECB board member that the ECB should consider buying gold. Jim Willie has said a long time that Germany will sooner or later switch over to the Sino-Russian camp, because of their dependence on Russian gas and oil. And of course they remember very well what happened during the Weimar period and they are certainly not amused about the US spying on them.
So, now we have confirmation that Germany and The Netherlands have been preparing for the return of guilder / deutschmark AND both countries have been repatriating gold.
Of course, if there was close cooperation between Germany and The Netherlands in 2012, it is not far fetched to assume a "Nordic Euro" scenario, which might include Finland and Austria, was also on the table. Given that Russia and China are actively hoarding gold, one gets the impression that the current "worst case" scenario would include a (partially) gold backed "Nordic Euro" and/or and extended "BRICS currency" scenario. Given the Swiss plan to back their currency with 20% gold, this might also be a good indicator for what The Netherlands and Germany and possibly the BRICS are aiming for in the near future. After all, these kinds of numbers are chosen after careful considerations and consultations.
This is sure getting more interesting by the hour. :)
Listen Zero's.
Where is that little Zero with his arms flailing about?
I want absolute confirmation.
If you can't put your tulip-stained hands on it, you don't own it!
Interesting timing to announce this, right ahead of the Swiss referendum? And it will surely antagonise the Germans.
Like in any "Rats leaving a sinking ship" story, only the Rats that get to the exits first depart with any value? Or is this a payback for covering up the MH017 "Investigation"? And a hint to the Germans that they might not want to cozy up too close to the Russians?
There could be a lot of unkowns in this story, provided it is true.
If true, the Dutch might have requested this 10 years ago, who knows?. It would be very interesting to know when the request was made.
Further, depending on that time frame, other countries would get a bit anxious. The Germans for sure must feel like a second rate creditor. The further back you are in the queue, the more likely you are to miss out.
I think this is the bell, ringing the start of the musical chairs!
Any entity, whether public or private should sit up and take note.