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Charges Brought Against National Bank of Ukraine for Liquidating Gold Reserves
Nathan McDonald for Sprott Money
It has been speculated that western central bankers have been dishoarding their peoples hard earned gold reserves in a futile attempt to keep the price of precious metals down and to artificially prop up fiat currencies.
Although it is a horrible crime against its citizens, one needs to understand that the source of government power comes from its ability to fool its people into thinking fiat currency has real value.
Governments have done a brilliant job in doing so and have thus been able to make promise after promise to get themselves re-elected. All while leading their countries into unavoidable bankruptcy; but that’s someone else’s problem! Or so they think.
Not only is there ample evidence that western gold vaults are being depleted, but it is becoming more and more obvious that western politicians and bankers’ influence has spread to other parts of the world.
One such country is Ukraine, which has recently reported, that they have sold almost all of their gold reserves. This announcement shocked people, as there was no indication as to why they intended to do this.
This has lead to widespread speculation that this was the Ukrainian price for Western aid against the Russian government and President Putin. Perhaps this is the case, or perhaps not. Regardless, this announcement has enraged the citizens of Ukraine.
A Kyiv-based court has taken action, instructing Kyiv prosecutors to file charges against the National Bank of Ukraine. Governor Valeriya Gontareva in case No. 757/33660/14 is specifically charged with “abuse of power or misuse of office under Article 364 of the Criminal Code of Ukraine”.
The plaintiff is lawyer Rostyslav Kravets, who claims that Governor Gontareva, “has intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine”.
Under the Ukrainian constitution, the sale of Ukraine’s gold is seen as a criminal act, given that the central bank is in charge of maintaining its countries gold reserves. I don’t believe any sane person would believe that the sale of all but 1% of anything, would be considered maintaining, but rather liquidating.
This development has prompted Olena Shcherbakova, head of the of the monetary policy department at the Ukrainian central bank, to resign from her position. Bloomberg, who attempted to reach her by phone was told that she did not need to give a reason for her decision. Clearly, she believes that this case is not going to go well and that the wrath of the Ukrainian people is coming.
It is unseen as to what the result of these charges will bring. Yet it is undoubtedly a positive sign and shows that the Ukrainian people are awake and tired of being pawns in this global currency war. It is unfortunate that they are unlikely to ever get their gold back.
What is most ironic is the fact that the Ukrainian government, much to the outrage of its citizens, was selling its gold reserves, while its enemy, Russia was buying gold in vast quantities and continues to do so.
Clearly this story goes much deeper than first assumed and is incredibly complex. It is a strong possibility that it was western central banks that encouraged Governor Gontareva to commit political suicide and sell her citizens hard money for fiat dollars.
Regardless of the motivation, it is clear the people of Ukraine are not going to take this lying down. They have been through enough grief and turmoil as of recently, they should be and are angered that they are being sold out by one of their own.
Perhaps, people in the West should take note of this and think long and hard about the actions of their central bankers, who clearly don’t have their citizens’ best interest at heart. Perhaps it’s time people took notice and stand up for what is right.
Nathan McDonald for Sprott Money
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Is the word "dishoarding" a euphemism for stealing? Dishoarding makes it sound that the victim was doing something wrong by hoarding it. Yeah, let's blame the victim /sarc
Regardless of the motivation, it is clear the people of Ukraine are not going to take this lying down.
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Correct the people of Ukraine will take "this" bent over
When you're bankrupt you have to liquidate, simple as that.
A Moscow Times/Reuters article, Russia Increases Gold Reserves, Ukraine Loses Them sums up Ukraine's situation thusly:
Ukraine, locked in a conflict with separatists since early this year, is near bankruptcy, dependent on international loans, and deeply in debt for natural gas to Russia, the former imperial master it accuses of waging war on behalf of separatists on its territory.
Its currency, the hryvnia, has lost 83 percent of its value against the dollar this year and its foreign currency reserves plunged to a nine-year low last month.
Charges were brought against the National Bank of Ukraine for "Liquidating" gold reserves????????? WTF???
BULLSHIT!!!
When the US-led Coup d'etat was but hours old they sent a Special Operations Team into the bank and forcibly STOLE THE GOLD from the vault!!!! Within hours, it was on its way to 'points unknown!'
The only reason this CYA story is out there is become somebody spoke "OFF SCRIPT" and spilled the beans that Ukraine's gold reserves were MISSING!!!
They quickly walked that statement back, but, as the people heard it, now this announcement becomes the latest LIE in the COVERUP!!!!
exactly right. Here is a link to the original story, from March of this year
Yup. And I'll bet the people of Ukraine read about it here on ZH first and started asking questions. LOL
Well, I think it's a pretty safe bet they didn't hear about from their own media, save for that little "oopsie - off-script" moment. <grin>
Now, the GOOD NEWS in all this BS is that we now have yet ANOTHER news story that's ABOUT GOLD and the malfeasance that seems so inseparable to it these days. And the more of this attention the Gold situation receives, the more people (and sovereign governments) will start to wonder whether Ann Barnhardt had it right when she said, "If you can't protect your GOLD with an AK47, you DON'T OWN IT!!!!" In other words, BRING IT HOME!!!
Writing "Kyiv" isn't annoying at all.
there ain't no gold in fort knox.
no way!
wait till the american public at large finds out.
Gold plated tungsten
So, it's where ? In Russia or rather China ?
Most ameriKans are too fucking stupid and corrupt to care.
But some ex marine snipers who loves their country will get justice. I have no doubt the greedy lying cheaters will get plenty of lead in the end.
Few will care . . . as long as FRNs buy stuff.
Most won't give a shit.
Anyone notice NOBODY is stepping up claiming they received the gold?
This is just shear utter HORSESHIT of the first order.
Okay, okay, I confess. It was delivered to me. It's on my boat.
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...that they have sold almost all of their gold reserves
<<<
_sold_? Part of some complicated scheme to depress the price of gold?
Maybe.
I suggest that if the gold really was there before the recent political upheaval, but isn't now, all that has happened is that some people took advantage of the upheaval to execute an unusually high value theft.
Watson
We hypothecated some folks.
Then rehypothecated way, way more folks!
"Got gold? Got oil?"
"The Zionist banksters' goons, aka the DC US military, will be by soon to "secure" that for you."
An American, not US subject.
If you want your gold, you can keep your gold! Oh, er, wait a minute...
She can buy it back cheaper now than when she sold it. Better yet, just but some shares in a Gold ETF and you won't have to store the barberic relic yourself.
/s/
Goldman Sachs gold prediction for end of 2014?
Doesn't look like GS will hit their goal of $1,057.
Dutch fuckers got their 122 tons of (LIbyan? Ukranian?)gold due to their criminal silence, complicity in Malaysia MH17.
How the IMF will loot Ukraine
http://www.realjewnews.com/?p=908
http://www.realjewnews.com/?p=898
Ukraine / Zionism / Civil War /IMF vs BRICShttps://www.youtube.com/watch?v=hLhmBZFvM_E
http://davidduke.com/passing-favor/
http://davidduke.com/ukraine-presidential-frontrunner-petro-poroshenko-s...
David Duke, really? FU
Cabal Crime Syndicate Loots Ukraine's Gold:
http://winteractionables.com/?p=16560
It was not "hauled off to the USA" as that article suggests. Rather there was a three way swap.
Germany gave up paper gold issued by USA and received metal gold from Ukraine.
Ukraine gave up metal gold to Germany and received paper gold from USA.
The bullion holdings of the Bundesbank are published and increased by the same amount of metal and on the same date as Ukraine shipped - about 32 metric tonnes.
Only later was Ukraine's paper gold looted.
As to Ukraine people outrage - well what the heck did they expect?! They elected a president who was endorsed by the USA. So their nation's wealth was certain to be looted.
Every country the US interferes with loses it's gold. Wonder what is in store for the Dutch?
They will find the Ukrainian gold in the Fed's vaults - alongside a stack of golden paper IOUs promising ownership of that same stack of gold to 10 other countries.
Only 10 countries? You gotta be kidding. Dozens of countries, banks, hedge funds, you name it. There's a hundred pieces of paper out on every ounce.
It would be great if they have public executions.
Awesome, barbaric penalty for disposing of a barbaric relic!!!!!
The nooses around these goblin banksters/politians/Luciferian-Jesuits/ are tightening...
Ordinary Ukrainians need to go on a Nazi snipe hunt.
It's barbarous, in a relic-ey kind of way.
Hanging criminals and Gold has been money for around for 5000 years, and this will be true 6000 years from now.