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As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?
In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England. As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank." That's great, but not really a gamechanger. After all the BOE should have said gold. What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks. The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today's CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons. A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets. Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.
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Guy's off his rocker. Rockefeller and his evil twin George HW Bush have been trying to kill Castro forever. In fact, the scum who ran Cuba as a drug trafficking off shore base for Mossad/Bronfman/Meyer Lansky, are the same ones who killed JFK and Che Guevara. Chichi Rodriguez, Mas Canosa etc They ran with E Howard Hunt, Santo Traficante and Theodore Shackley etc
Freaking idiot.
You forgot Bebe Rebozo
And Lady Bird! The Ma Barker of the whole operation!
JFK was killed for the silver certificate
JFK was killed because he wanted to be the real chief executive. He didn't need nor want the Power Elite's stolen money. He already had enough of his own. He wanted the power that the Power Elite had/has instead. But he didn't and/or wasn't able to cover all the bases. US notes were just one of many conflicts. The continued existance of the CIA (and perhaps J Edgar too) were more important and dangerous conficts.
Desperate people do desperate things.
If JFK wanted to take power away from the elite he would not have used EO 11110, as that EO delegated HIS power to issue silver certificates to the Sec treasury. He gave away power he had.
And well all know that Secs of Treasury are doing the people's bidding, and not the banksters. I thought the same thing, but he was not killed for EO 11110.
http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=jfkmyth
pods
PaperbugsBurn,
Now WHO would want to murder that peacenik Che Guevara( LOL),such a lovable character(on the order of PolPot.)..............and why would they murder JFK?.
Makes no sense, I think the Fedtreserve did JFK, can't print your own bank notes Mr.President
Shame/Shame!!..After all you were the leader of the Free World at the time.
He had their number, and they offed his ass.Lee harvey couldn't hit his ass with a Carcano if his life depended on it.
He was shit for a marksman.Now the others there, that's different.
As for GHWB, and RockyfellerU.N.Nations, if they really wated Castro, his ass would have been grass LONG ago.
Anyone can be gotten to, anytime, anywhere, ANYONE.
Right.
Bay of Pigs InvasionNot me. Hold on a sec. There's someone at the do +++CARRIER LOST+++
HA HA! The MIB got you man! I've got a trusty HAYES modem installed in my bunker, and it's a lot~!@!$¢ƒNO CARRIER
amazon link?
surely its not wrong to ask for a source
http://www.youtube.com/watch?v=opFIhWtDm6w
Wire made my day!
I'm interested... Can you supply some evidence of the relationship with Rockefeller?
i've read a lot of what our owners have written and i believe king david mentions his encounter with fidel in his memoirs book i'm just going from memory and could be wrong
"Evidence? Who needs evidence? Just repeat it often enough".
Joseph Goebbels
George W Bush
Karl Rowe,
et al.
A shred of evidence would be nice...
The assertion that Castro is on the Rockefeller payroll is a BIG call...
the future looks cloudy for Morgan J.P cloudy indeed
Nah this will pass. JPM is TBTF, meaning every US serf will be sucked try and in the gutter before JPM has to worry about nay risks it has taken. Worst case Barry has a hard talk with Chavez to let him know he has to wait for Libyan gold to become available to settle accounts, or that it will be found that Chavez has links to terrorists and has weapons of mass destruction.
When JPM took over Chase, did Rockefeller become Morgan, or did Morgan become Rockefeller?
See when two banks love each other very much they sometimes have a special hug...
EEEWWWWWW!! My mommy and daddy would never do anything like that! EEWWWWWW!!
Lol
I hope you laughed your ass off typing that, you deserve it.
AAAA+
(Because you know how meaningful ratings are).
that deserves best post of the day award.
That deserves Tyler props . . .
We need someone to put that on t-shirts. Where's WBanzai7 when you need him?
Semantics only. Part owners of privately held federal reserve.
Two sides of the same coin. Their big daddy is some ....child from europe.
Shameful, but true. Barry might just bust his peace prize and ball like flavaflav while slinging peace bombs in a glorious kinetic action.
I think it will require some bigger players also calling the bluff, but it would be nice to see a repeat of the De Gaulle trick.
That would mean the germans trying to get their 3400 tons out of London and New York...
It has to be a state that is hostile to the US currency hegemony or like in the case of france, an "ally" who wants to jump first for fear of being shafted. Germany, IMHO is in too similar a boat as the US to want to upset the fiat currency applecart. What about some place like Switzerland, Austria, Sweden or somebody like that. From Asia is there anywhere like Pakistan that has gold in the vaults of those who spin paper into gold?
additionally, were the sovereigns who held complicit in the Gordon Brown type moves to sell off bullion?
I wonder if anyone even has Chavez's gold or if they'll have to scrounge around for it
“I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries." (David Stockman)
right
Wise words.
The Bernank can piss on all that and spoil the edibles instantly...the rest will slowly dissolve in the acid.
If they strike him down, he will become more powerful than they could possibly imagine.
choorles www.silverrevolucion.com
Can they deliver (real) gold to Chavez...? They should count how many bars they have first and then check again if all of the bar are real gold.
I await with bated breath
Cool. Sorta like a currency war with hard bits instead of paper.
sunny
This is gonna be fun to watch.
Venezuela to be declared a terrorist state in 3...2...1...
Yes, they are almost as dangerous as we white cracker, gun toten constitutionalists here in the states:)
Heheheheheheheheh...................................
Let's see?, hmmmmmmmmmmmmmmm.
Since this SOB has climbed into bed with Iran's Ackmjagginoff,buying arms,and military equipment from them,pissed in our faces, let's see if the Good Old US of A .Gub, decides to NOT allow release any of it.
Thus, killing Dos Birds w/UNO Stone...............................( T'would truly be a fitting retribution).
We screwed you assa WHOLE,and you should be more careful who you antagonize.(namely .Gub).
And if you think for one iute this would hurt JPM's feelings, think again.
Call in a Marker, and protect the slimesters JPM.
Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England.
Hugo is still smarting from having all his cash at Lehman/Bear. He is desperate, and sadly, he forgot to read the fine print of every international gold contract.
The Zoconned sheeple wail for their KKK empire. Bitch, when bullets start flying I think lots of nasty surprises will be unveiled. Guess who's gonna get it the worst? You bitches who are nobodies in what is soon to be Amerikan Zombieland! No more funny money to fund this monstrosity of a society. Millions of blacks freed from prison learn the "war on drugs" was a hoax, an ethnic cleansing against them and their people. It's gonna be beautiful.
Could you restate that in English.
Have another beer.
Who are you, so holy and mighty, to call the rain of blood from the heavens? Oh pious one, please save us with your grace and understanding? Please.....please!
You do not think any one knows what is in store? You judge the netire people of this country on a few lames? The safest places in the world are the ones with guns. Try rioting like they did in London in a place where the population is strapped. Ain't gonna happen.
Look out for yourself, and don't worry about the rest of us.
Mr. LH, The safest places in the wrld are those with guns?
Some safety, eh? A safety born of mutual fear. FAustian bargains abound. And on the issue of our friend Chavez, I'm sure everyone remembers his second coming from almost being dimped at sea (what a story) to being returned on the basis of massive public protest?
And we all swallowed that almost Bollywoodesque story-line hook, line and sinker. He is manufactured opposition too. Only controlled assets would be allowed to sit on the kind of Oil VZ has.
As for Ahxmeels assertion about Castro and Rock-yer-fellas, please see Cuba's history just pre-castro et. al. It was the play ground of the Mafia. The same mafia that has been a prominent "controller arm" in the US. The same Mafia that were Grampa Kennedy's partners in Hooch running, that helped JFK get elected with massive "Chicago style" ....errrrrr... "support". The first and short-lived Catholic presidency almost never happened.
On and on. The threads are there for anyone with the balls to pull the first hanging chad... and see the whole tapestry unravel.
Until one is ready for that, "reality" has enough buffers to continue living a somewhat "normal" existence.
ORI
http://aadivaahan.wordpress.com/2011/08/16/pre-cursor-2-and-currents/
Do they have a print run of the "Historie of ye War on Drugs an utha ill=shit" in ebonics by chance? I do agree with you about the going to be beautiful. I also think that the permanent victims will continue to flee from personal resposibility and blame all past, present and future ills on someone other than themselves.
Yes, the word gold has been replaced with the word "tungsten".
Nothing to see here. Gold is in a bubble; everyone like Hugo Chavez even knows that...and the Vietnamese, Russians, Indians, Chinese, Greeks... The dark lord Soros says so.
Hmm.. So I wonder if the tungsten will end up in the Mariana Trench after a terrible boating accident?
I smell a new James Bond movie!
Hugo make sure its not a small plane, and do inocents a favour, demand a cargo jet, no passagers need die in this episode.
Tomorrows Headlines
Plane crashes with 1 billion tons of gold on board, no chance of recovery.
You idiots are getting your James Bond mixed up...
Just get Auric Goldfinger to detonate a dirty nuke in London right on top of the Au/tungsten supply...
Then say... "HERE... here's your bricks... Where do you want them delivered?"...
It's not even remotely close going from London to Venezuela!
Why in the Hell did he leave it there for so long?
Waiting for the right moment, I suspect. A moment that would have some impact.
I think being sick has cleared his mind. It wouldn't surprised me if he was poisoned somehow.
He would not pull that alone, but if you factor in that Venezuela has a significant short term debt with Russia and China for military equipment (and ordering more!) and the local bolivar currency is as fiat as any other... well, they may be asking for payment in hard currency.
For the record, this is just a wild guess.
astute observation
"Any government of the United States that does not plan to dismantle its industrial, military, and technological apparatus has no moral standing from which to express an opinion about any government of the entire world," said Maduro. "Today, Venezuela is a free and sovereign country."
"The United States sustains simultaneous wars in Afghanistan and in Iraq and in addition to this it has investments in the development of weapons of mass destruction," Maduro continued.
Venezuela recently accepted Russia's offer of a credit of approximately $2.2 billion for arms purchases. This comes in addition to a $1 billion credit that Russia granted Venezuela in June, and $4.4 billion in purchases of military planes, helicopters, tanks, and rifles from Russia since 2005.
Venezuela has long held that it is purchasing arms from Russia to obtain necessary upgrades and replacement parts that the U.S., a former supplier to Venezuela, now denies the Venezuelan government.
Maduro also sustained that Venezuela's military strategy is "eminently defensive" and oriented toward the defense of its territory and its natural resources against potential aggression from the U.S.
The U.S., which increased its military spending by 66% over the past decade and is far and away the world's largest military producer and spender, re-activated its navy in South American waters last year and recently signed a deal with Colombia to expand the U.S. military presence on seven Colombian bases."
venezuelanalysis.com
Christ, if we spread our military any thinner we'll have just six soldiers in every country on earth in order to spread democracy!
"Would you believe... 4 soldiers, a nun & a boy scout?"
Maxwell Smart
6 soldiers and 6,000 drones and 6,000,000 little robots.... that is the Neocon's wet dream. You could do a lot with that kind of force, eh?
ORI
Gotcha covered!
Davey,
Yours is the only intelligent and accurate post I have so far read. I'm just back from the forest, using this article to warm up with, but its not easy reading so much noise. Thanks om
www.youtube.com/watch?v=yjdDLLXfOVs2 min - May 27, 2011 - Uploaded by ardalanhamrah
The company plans to increase its production capacity from 2200 to 16000 units a year. It sells around 20 cars on average per week.
More videos for venezuela car manufacturing »
Chavez Asked Iran to Supply Venezuela's Car Demands :: IRAN ...
intl.mim.gov.ir/index.php?name=news&file=article&sid... - Cached
Jun 20, 2010 – Venezuelan president Hugo Chavez during a visit to Iran-Venezuela joint car- manufacturing company, Venir Auto, urged the Islamic Republic to ...
Ill-founded trust.
Hugo and Sean Penn are going to be tough to beat here
It sure would be fun to try.
did you know that when the Moors visited Italy that they did so much fuckin..
Sean Penn would bitch slap you in the fore head with his 12 inch cock you sawed off lil wop.
Gonna part with you on this one JW. Sean isn't smart enough to make sure there's a drain plug bung in his fucking rescue jon boat. Just another plastic, self-righteous hollywood idiot shouting into his own private echo chamber. He has all the markers of little man's syndrome, too.
Well, Madonna said he was "large" and I'm sure she's fucked a lot of guys. She's the expert on that topic, not so much on gold.
I am just having a lil fun with movie quotes sorry!
Moops!
The question is not whether Venezuela has gold with Bank of England, but if Bank of England has gold in its vault. Go go HuGO !!!
English by birth and ummm...I have a feeling I don't really want to know the answer to that (buries head).
I'm bored, bring on the gold chaos please.
Man, but those (paper) Gold grubbing pig (PIGG?) piles are gonna be a bitch to unravel.
Ha ha. Which little piggy has the real coins in it? you only get to pick one. still laughing; what a hilarious farce.
"makin bacon"!
The fine print says that the deposit receipt can be settled in cash at the discretion of the holding bank.
And Hugo won't make that headline news?
+ 1800 on a motha fuckin' cop
its 187.. you are the whitest black guy..
much luv.. but you are very much cracker ass cracker and you know it.
LMFAO
Fuh Querada @ 16:30,
On a Soverign??...........Highly unlikey.
Please, please, please let this be true. "The overdue scramble for delivery may be about to begin."
The Kitco Au chart should be a pretty good reality check.
+1
Kinda like an 'official' run on the bullion banks.
Backwardation, bitchez
Could that have been the liquidation we saw in GLD a few days ago? This may be new to us, but somebody may have a 'little birdie'...
Could be....
From Harvey:
First GLD inventory changes: August 11.2011.
Total Gold in Trust Tonnes: 1,272.89 Ounces:40,924,818.03 Value US$:
72,017,123,918.29
Total Gold in Trust August 10.2011: Tonnes: 1,296.52 Ounces:41,684,377.27 Value US$:
73,854,964,599.14
This is getting more corrupt by the day. Gold lost an amazing 23.63 tonnes of gold. Trust me Ladies and Gentlemen: nothing moved.(except from one cubby hole at the B of E into another) This vehicle is nothing but a fraud.
What if you asked for your gold back and........WAIT FOR IT...............
it wasn't there?
Angry words and stamping of feet would be forthcoming.
"Wailing and the gnashing of teeth was heard, and the whole of that land was afflicted"---Ha, Ha, Ha.
IF the europeans EVER demand their gold that is (NOT) stored at the NY FED, the big party begins.
Did and Done. See "Die Hard With A Vengeance" and:
http://www.youtube.com/watch?v=DmW_45EoC2Y
One more reason for the neocons to invade. Wasn't Venezuela already on the hit list? Damn Terrorist are everywhere!
Venezuela actions - Contrary indicator???
They will give the gold away at Citgo stations to poor Americans who have none.
Just transfer it so another South American leader can take off with the wealth of the people.
They didn't just slip you funny money and steal Amerika's wealth here, they de-industrialed your ass so no more middle class wealth generating machine hahaha you hubris is what made you look the other way, biatch!
But that's not what they'll say with their distended bellies hanging out over skeletal legs as flies drink from the edges of their crusty eyes, is it? No, they'll wish they stayed shut the fuck up when the food doesn't come to them anymore. Those shiploads of grain that we have so much of that we make kitty litter out of it. Hell, they'd probably buy it from us after the cats shit it full.
All you mouth breathing idiots down on the US need to realize that if we woke up one morning and decided to tie on a mean drunk that the world would pretty much be fucked, and fucked up well and tough at that.
Why have the Japanese been so goddamn nice and quiet for 60 years? They tracked shit on the living room rug and ol' Uncle Sam had to drag their ass out to the woodshed. Hell, one state, Texas, they whipped the piss out of that tin horn shit heel Santa Anna then tarred and feathered his ass before they sent him home. He was the ruler of a fucking country, super bad ass and all that. They tarred and feathered him. Just for goddamn fun.
Now you can sit there and becry the barbarisms of an earlier age. Smugly suggest that things like this simply are not done these days. That all those fat dumb and lazy Americans won't get off their couches. Well, I know plenty of fucking bored rednecks who would just piss themselves in delighted mirth if they were invited to a tar and feathering. So all you self righteous, pompous and soft handed moisturizing limp dick metrosexuals had better stop, drop and pray to fucking Gaia, Mammon or whoever the hell you serve that the wheels don't come off.
That was a good 'un. I like it. True, too. I'm 62 and haven't seen any action since the early 70s. I'm prepared and ready to rock. More 'n happy to take point since I'm expendable.
I like it.
People do tend to forget what America has been for the last 234+ years. Every person who would not take any more shit in the rest of the world came here with no promises- just an opportunity to fight. It's a multi-century eugenics experiment without the inefficiency of central planners to import bloodlines. Instead of stale cultures and traits inbred for hundreds of generations, the melting pot is a seething caldron of hybrid vigor, seeded with the ornriest blood on the planet.
Reminds me of a conversation I had once with someone several years ago when Martha Stewart got busted for insider trading, and served a little time. The guy I was talking to was pretty sure that the lady was soft with all her artsy-crafty froo-froo, but my position was that she couldn't be- just like America can't be. Nobody builds a multi-billion dollar empire by being weak and ineffective. My money was on her making a shiv from chicken bone in the cafeteria, and stabbing the first bitch that f'ed with her in the neck, no remorse, no hesitation.
No, we haven't rioted yet. And we're not looting. No one is banging soup kettles against the sides of banks. A hush has fallen over the land, and people are just stopping to lift their heads to see what the quiet is about. The vangard knows what is coming, and everyone who wakes up does as well. There may be unions, minorities and college students holding signs now- but they aren't America, they are fringe groups. America, despite all the stupid propiganda, is full to the brim with people who will do anything, even the unthinkable, to protect themselves and their families- until recently, though, "anything" has been confined to markets, shops and boardrooms. Those very same people are smart enough to have created or gathered over half of the planets resources, so what happens when that creative hand turns to destruction?
When the dam breaks here, it won't be chants and sit-ins. There will be blood. No sane person wants it, and only those who don't understand the true amount of excess in American culture can want it to come sooner. Even our janitors will fight like rabid beasts when the time comes. It may be better or worse when all is said and done- but the sure thing is that the road to the finish is going to be long and not soon forgotten.
Now back to your regularly scheduled program.
that is a fact. well said that man.
Nice rant, cheers!
So how does this work? Does Brinks have armored Ships or do they ship it naked in any old cargo tramp?
Chavez is a client of Turk's goldmoney!
10 Metric Tonnes; 747 freighter nowadays. they fly to Hong Kong all the time, and come back empty!
Antonov,MRIA paylod max. 225 metric tons...
We have things called airplanes now
http://www.youtube.com/watch?v=B-pdvYxsAM8&feature=related
RobD,
I would imagine it would be VIA Airmail..........................as in a huge transport, furnished by Chavez.
Time to dust off the ol' pirate ship.
Danneskjöld Repossessions
+1. Who is John Galt?
I agree very slick. +5 for the subtlety.
he is merely a name without a face
nice
I'm think'in Somalian midnight express in a john boat in the la boyue w no dental plan.
Hugo Chavez, unlikely hero.
Sadly I think the actual good guys (anti globalists) are Iran, Venezuela, Libya.. Now if only they were all classical liberals.
Nations are rarely if ever headed by "good guys". Much more often, they are headed by the sociopaths who managed to backstab their way to the top.
Just like every corporate CEO.
Any large-scale organization in the history of the planet.
http://www.forbes.com/sites/jeffbercovici/2011/06/14/why-some-psychopath...
Qu'est-ce que c'est
Hey TM, you never got back to me about Ionic liquids, I am most disappointed. #1568420
Controlled opposition, more likely. The only real good guys are those of us who don't advocate rule over others for their "own good."
There is nothing good about any dictator. The idea that "the enemy of my enemy is my friend" is unsound, as there are always more motives than what simply are exposed at the surface. Even Putin serves the elite.
I agree with you, except when facing complete and utter destruciton by a superior more powerful enemy i.e all of us facing the globalist oligarchs and the states they control.
The enemy of my enemy is the truth.
Does that mean the enemy of the enemy of my enemy is the false flag, or ahh, UN-true?
Actual 3 'enemy' sound better, eh?
v. hard to be classicly lib while fighting for existence, but i have studied the moQ and his problems for the last 6 months quite closely on a daily basis. did you see where NATO, earlier this week, decided to "go for another 3 months"?
stay the course time? L0l!!!
the moQ's "reign" is not devoid of certain classical liberal themes; in spite of the propaganda, maybe his 143 tribes were doing better than we, the french, the british, the italians, and the rest of god-given NATO, put together, 6 months ago. not today, tho. the libyans are NWO toast, unless the moQ has a mighty arm tied behind his back. rivers of blood will flow; i fear it is mandatory; the man is bedouin chief, for pete's sake! and a pretty good one, in my book. so there!
Waffen, @ 6:39,
Yeah, but they (Iran has a big PwobWem.)He has Shariah law,and a Theocracy.
He's a PUPPET in his own country, he's just a MOUTHPIECE..............He takes the shite, and the Khomeini's call the shots.He can do nada w/out the Ok from the Bearded One's.
Plus, he has Short person Syndrome. A Lifelong affliction.
Get real!
Did you mean to say "9.6 tons" instead of "10.6"?
http://www.google.ca/search?sourceid=chrome&ie=UTF-8&q=338%2C303+ounces
troy ounces are not ounces...
338,303 ounces = 10.6 tons
http://www.google.com/search?q=convert+338303+ounces+to+tons&ie=utf-8&oe...
338,303 troy ounces = 11.6 tons
http://www.google.com/search?q=convert+338303+troy+ounces+to+tons&ie=utf...
dude! what the hell is a short ton? another weird imperial unit?
the tons from the article are metric tons, as in 1000 kg
What we call a ton is technically called a short ton. A long ton was an old English unit that isn't in use any more. Now it is either short tons or metric tons, and that's it.
A ton in the UK is 2240 lbs. A tonne is 1000kg (2204 lbs). We never use a short ton.
Because they are near as dammit the same, and we rarely use the imperial system now, so tonne is often written 'ton'.
He is right, article is talking troy ounces and metric tons ("tonnes"), not short tons. 338,303 troy ounces = 10.5 metric tons.
http://www.google.com/search?q=convert+338303+troy+ounces+to+tonnes&ie=u...
Wow... Really?
A kilo and a ton are different things, believe it or not.
There are 2,000lbs in a ton. Now a metric tonne is about 1,000 kilos I believe.
Arg, takes me back to my piratin' days