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Is The Federal Reserve Lying About Having 6,200 Tons Of Gold Stored In A Basement In Manhattan?

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#1 grog

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Posted 12 August 2017 - 05:08 PM

Is The Federal Reserve Lying About Having 6,200 Tons Of Gold Stored In A Basement In Manhattan?
 
 
 
AUGUST 11, 2017
 
 
 
EIGHTY FEET BELOW THE STREETS OF LOWER MANHATTAN, A FEDERAL RESERVE VAULT PROTECTED BY ARMED GUARDS CONTAINS ABOUT 6,200 TONS OF GOLD. OR DOESN'T.
 
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -  Henry Ford
 
EDITOR'S  NOTE: The Federal Reserve is not a federal organization and they don't have any reserves. In violation of the United States Constitution, they are the ones who print our money, instead of Congress who is mandated to do it. So what is the Federal Reserve and who runs it? The Federal Reserve is a cartel created by the Rothschilds and Bilderbergers that controls the creation, flow and value of American currency. The creation of the Fed was a bloodless coup that succeeded beyond the wildest expectations of the conspirators. 
 
The Fed tells visitors its basement vault holds the world's biggest official gold stash and values it at $240 billion to $260 billion.
 
But "no one at all can be sure the gold is really there except Fed employees with access," said Ronan Manly, a precious-metals analyst at gold dealer BullionStar in Singapore. If it is all there, he said, the central bank has "never in its history provided any proof."
 
Mr. Manly is among gold aficionados who wonder if the bank is hiding something about what it's hiding.
 
Other theorists suspect the gold beneath the New York Fed's headquarters at 33 Liberty St. may be gold-plated fakes. Some conspiracy-minded investors think the Fed has been secretly leasing out the gold to manipulate prices.
 
"There has to have been a central bank spewing their gold into the market," said John Embry, an investment strategist for Sprott Asset Management in Toronto until 2014 who once managed its gold fund.
 
"The gold price didn't act right" during the time he was watching it and the likely explanation for the movement was Fed action, said Mr. Embry.
 
Fed officials have heard theories about their gold holdings for many years and don't think much of them. After this article was published, a Fed spokeswoman said the Fed doesn't own any of the gold housed at the New York Fed, which "does not use it in any way for any purposes including loaning or leasing it out."
 
THE FED HAS BEEN SELECTIVE IN GIVING DETAILS ABOUT THE CONTENTS OF THE VAULT AND IN THE PAST HAS SAID IT CAN'T COMMENT ON INDIVIDUAL CUSTOMER ACCOUNTS DUE TO CONFIDENTIALITY AGREEMENTS.
 
Former Fed Chairman Alan Greenspan said in a July interview: "When you deposit your funds in a bank, should that bank make your account balances available to whomever asks?"
 
Seeking a better glimpse inside the vault and at Fed procedures and records, The Wall Street Journal filed Freedom-of-Information requests with the New York Fed. Among the Journal's findings, from a heavily redacted tour-guide manual provided by the Fed: Tour guides are informed that "visitors are excitable" and should be asked to "please keep their voices down."
 
Three Fed staffers must be present when gold is moved or a compartment opened, even to change a lightbulb, and no attempts have been made to break in, documents state.
 
New York Fed President William Dudley told a March gathering in Queens, N.Y., that the fictional raid by drilling through from a subway tunnel in the 1995 movie "Die Hard With a Vengeance" was far-fetched.
 
The Fed gives some information about the vault on a website and offers tours. A guide on one tour gave some details: Inside is enough oxygen for a person to survive 72 hours, should someone get trapped; custodians wear magnesium shoe covers to help prevent injuries, should they drop 27-pound bars; the Fed charges $1.75 a bar to move gold but nothing to store it; most of the gold is owned by foreign governments.
 
Along with the foreign gold, the Fed's Manhattan vault holds about 5% of America's roughly $11 billion in gold reserves and coin, valued at the statutory rate of $42.22 per fine troy ounce, according to the U.S. Mint. The U.S. government keeps the rest in Denver, Fort Knox, Ky., and West Point, N.Y.
 
Elaborate theories build on what the Fed doesn't say about goings-on in its vault's 122 compartments. It doesn't report when bars enter or leave and doesn't let in outsiders-other than auditors and account holders-to count the bars or review records.
 
VISITORS ON VAULT TOURS SEE ONLY A DISPLAY SAMPLE AND CAN'T VERIFY BARS UP CLOSE.
 
"All you see is the front row of gold bars," said James Turk, co-founder of Goldmoney, a gold custodian. "There's no way of knowing how deep the chamber is or how many rows there are."
 
Mr. Turk, based in London, believes much of the gold has been "hypothecated," or lent out to other parties, and then rehypothecated, or lent to multiple parties at once. In doing so, he says, "central banks actually own less gold than people believe."
 
Some gold bugs-investors bullish on the yellow metal-think the Fed secretly lends it out to suppress prices, partly to protect the dollar's value. In theory, the Fed can feed gold into the market through swaps with other countries.
 
James McShirley, who owns Sulphur Lumber in Sulphur Springs, Ind., and has traded gold, believes investment banks, probably as agents for the Fed, act to lower prices when gold futures gain 1%. "It's totally logical that in addition to maintaining artificially low interest rates," he said, "it would be imperative to keep gold suppressed as an inflationary barometer."
 
Then there's the purity question. Mr. Turk said there are "questions in gold circles as to what's in an actual bar." One theory, he said: They could be gold-plated tungsten, which would weigh almost the same.
 
"I think the gold they have there is real gold," he said, "but until you do random sampling you don't know for certain."
 
In a 2012 audit of U.S. gold at the Fed's vault, the U.S. Mint and the Treasury's Office of Inspector General sent 367 samples to an independent lab for testing. All but three samples came back within 0.13% of the purity recorded by the government, within standard industry tolerance, according to the Mint and Treasury.
 
Since then, annual government audits of the Fed's vault have inspected only the locks and joint seals on the compartments to check they haven't been tampered with, a Mint spokesman said.
 
That isn't enough, said Peter Boehringer, founder of the German Precious Metals Society. The problem, he said, is the "complete lack of a transparent, full, independent, external audit in the Fed´s vaults by a sworn-in auditor."
 
New legislation, nicknamed the "Audit the Fed" bill, could allow the Government Accountability Office to audit the Fed's vault, said a spokesman for the bill's Senate sponsor, Rand Paul (R., Ky.). GAO lawyers wouldn't speculate on the bill's reach. Mr. Paul's spokesman said the Senator has arranged a personal visit to Fort Knox this fall.
 
Former U.S. Rep. Ron Paul, the senator's father, has been outspoken about what he says is taxpayers' need for more transparency about gold from the Fed. "Even if you could walk into that vault and see a lot of gold, you wouldn't know…whether it's been loaned out or sold," he said. "They haven't convinced me that we have total control of it." source
 
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#2 grog

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Posted 12 August 2017 - 05:13 PM

Putin -- Russia Leaving Global Banking System - Ditching Dollar For Gold
 
RUSSIA, SPFS, BANKS, COLLAPSE, ECONOMIC, RUSSIAN, ECONOMIST, VLADIMIR, DOLLAR, ALTERNATIVE, INTERNATIONAL, SWIFT, BANK, FINANCIAL, PUTIN, PRESIDENT, BANK'S, RUSSIA'S, RESERVE, BRAZIL, ECONOMISTS, GOLD, INDIA, NATIONS, BANKING, INDEPENDENCE,
 
 
 
April 25, 2017
 
 
 
Putin announces that Russia is leaving international banking system - ditching dollar for gold
 
Russian President Vladimir Putin has announced plans to pull Russia out of the international banking cartel, by ditching the dollar for a gold-based system. 
 
Joining other BRICS nations such as Brazil, India, China, and South Africa  - Putin says he is liberating the Russian people from the international banking mafia so that Russia can enjoy real financial independence.
 
Anonhq.com reports:
 
The problem, however, is the international banks are threatening to bar Russian access from this system if they leave the 'big club.'
 
Many economists have informed the world leaders of the consequences facing them if they remove Russia from the SWIFT system. Ewald Nowotny, an economist and a policy maker for the European Central Bank highlighted how if Russia is removed from the SWIFT system international companies conducting business in Russia will be the first to suffer.
 
However, according to Elvira Nabiullina, a Russian economist and former economic advisor to President Putin and the head of the Central Bank of Russia, if Russia is removed from the Worldwide Interbank Financial Telecommunications then Russia's banks won't collapse. She explained how they have devised a new system that will continue operations in the SWIFT format and will work as an alternative for the country.
 
According to a report published last year, more than three hundred banks in Russia have adopted the SWIFT alternative - the System for Transfer of Financial Messages, or SPFS as the Russians call it.
 
Furthermore, to enhance the SPFS system, Russia's Central Bank's first international branch in Beijing was opened, and the Chinese opened a financial institution in Russia to strengthen the financial relationship between the two nations and the beginnings of the 'de-dollarization'.
 
As for the Federal Reserve and other international financial institutions that trade in non-physical currency and futures, and all other riskier practices; are now buying bulk quantities of physical gold - leaving their old practices behind.
 
According to Mac Slavo who writes for SHTFplan, the NGOs ran by Soros have been questioned and kicked out, along with Rothschild establishments.
 
"It seems that only all out war will ever settle these power plays for the dominance or death of the U.S. petrodollar, which is ultimately controlled by the same few hands that steer and control the central banks of nearly all the world's nations," wrote Mac Slavo. "Only by stealth and monotony have these activities remained in the shadows."
 
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#3 grog

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Posted 12 August 2017 - 05:15 PM

President Trump Says He May Reintroduce The Gold Standard
 
 
 
 
February 2, 2017
 
 
 
 
President Trump has gone on the record saying that he is in favor of reintroducing the gold standard in order to make America great again. 
 
The gold standard is a system in which currency values are directly tied to gold, allowing nations that have different currencies to exchange gold with eachother.
 
Coinworld.com reports:
 
Sean Williams of The Motley Fool, a website devoted to investing news and opinions, posed the following question last week:
 
The question was asked based on the fact that Trump told GQ last year that bringing the back the gold standard would be tough, but "wonderful."
 
Impact on possible return
 
Williams says most economists don't think that a return to the gold standard, which was abandoned by the U.S. in 1971, would be a positive fiscal move for the United States, as it was the move away from the standard in 1933 that played a large role in getting America out of the Great Depression.
 
Various issues could arise from a return to the gold standard, Williams explains. The value of gold can swing tremendously, which could have drastic impacts on the value of the U.S. dollar. We can forecast gold's market all we want, but as Williams tells us, things can change quickly.
 
"For example, between 2011 and early 2016, the price of gold on a per-ounce basis fell by 45%," Williams writes. "Also, the gold market tends to stay in bull and bear markets for an extended period of time (a decade or longer), meaning recessions would be particularly hard for the U.S. economy to overcome if gold's per ounce price was also low."
 
The market as a whole is at an interesting place, as the new U.S. president offers reasons to think the value of gold may increase. His lack of polictal experience could mean a looming trade war with other nations, Williams writes, and the success or failure of his proposed tax reforms could have major implicatiosn for the price of tangible assets.
 
He loves gold
 
Trump's enthusiasm for gold stretches back into the 1970s.
 
Williams writes that Trump bought lots of gold when the U.S. legalized private ownership of the metal in 1975.
 
"Selling for about $185 an ounce at the time, Trump noted that he sold his stake between $780 an ounce and $790 an ounce, calling the money-making investment 'easier than the construction business.'"
 
His full quote to GQ last year on a return to the gold standard was, "Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We'd have a standard on which to base our money."
 
Don't expect the gold standard to make a dramatic return, but with Trump in office, we've all learned to never say never.

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#4 grog

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Posted 12 August 2017 - 05:19 PM

Fake gold bars in Fort Knox
 
GOLD, BULLION, DENSITY, TEST, GOVERNMENT, FAKE, BANKS, TREASURY, FORT, WEIGHT, SHIPMENT, FEDERAL, AUDIT, ROTHSCHILD, FINENESS, FED, PURE, KNOX, FINANCIAL, TROY, GATA, BAR, OUNCES, DELIVERY, MARKET, BANK, DOLLARS, TUNGSTEN, BARS, RESERVE,
 
 
 
It's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.
 
But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.
 
A recent discovery -- in October of 2009 -- has been suppressed by the main stream media but has been circulating among the "big money" brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox -- the US Treasury gold -- that is the equity of our national wealth. In short, millions (with an "m") of gold bars are fake!
 
Who did this? Apparently our own government.
 
Background
 
In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.
 
Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!
 
At first many gold experts assumed the fake gold originated in China, the world's best knock-off producers. The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.
 
What the Chinese uncovered:
 
Roughly 15 years ago -- during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] -- between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day.
 
According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then allegedly "sold" into the international market. Apparently, the global market is literally "stuffed full of 400 oz salted bars". Perhaps as much as 600-billion dollars worth.
 
An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 perhaps makes sense now.
 
DA investigating NYMEX executive
 
Manhattan, New York, --Feb. 2, 2004. A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney's office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange's markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney's office also declined comment."
 
The offices of the Senior Vice President of Operations -- NYMEX -- is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence "prove" that the amount of gold in question could not have possibly come from the U.S. mining operations -- because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.
 
No one knows whatever happened to Stuart Smith. After his offices were raided he took "administrative leave" from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.
 
Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave -- all for nothing?
 
The revelations of fake gold bars also explains another highly unusual story that also happened in 2004:
 
LONDON, April 14, 2004 (Reuters) -- NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.
 
Interestingly, GATA's Bill Murphy speculated about this back in 2004;
 
"Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don't want to be a part of it... [The] Rothschild wants out before the proverbial "S" hits the fan." -- BILL MURPHY, LEMETROPOLE, 4-18-2004
 
What is the GATA?
 
The Gold Antitrust Action Committee (GATA) is an organisation which has been nipping at the heels of the US Treasury Federal Reserve for several years now. The basis of GATA's accusations is that these institutions, in coordination with other complicit central banks and the large gold-trading investment banks in the US, have been manipulating the price of gold for decades.
 
What is the GLD?
 
GLD is a short form for Good London Delivery.
 
The London Bullion Market Association (LBMA) has defined "good delivery" as a delivery from an entity which is listed on their delivery list or meets the standards for said list and whose bars have passed testing requirements established by the associatin and updated from time to time. The bars have to be pure for AU in an area of 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated as follows:
 
Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of an troy ounce.
 
Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm.
 
Fineness: the minimum 995.0 parts per thousand fine gold.
 
Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).
 
After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day -- hidden behind the following legalese "shield" from the law:
 
[Excerpt from the GLD prospectus on page 11]
 
"Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss."
 
The Federal Reserve knows but is apparently part of the scheme
 
Earlier this year GATA filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.
 
On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (blacked out). The Fed's response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.
 
GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release.
 
In a Sept. 17, 2009, letter on Federal Reserve System letterhead, Federal Reserve governor Kevin M. Warsh completely denied GATA's appeal. The entire text of this letter can be examined at http://www.gata.org/...-09-17-2009.pdf.
 
The first paragraph on the third page is the most revealing.
 
"In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed to the public. This information was properly withheld from you."
 
The above statement is an admission that the Federal Reserve has been involved with the fake gold bar swaps and that it refuses to disclose any information about its activities!
 
Why use tungsten?
 
If you are going to print fake money you need to have the special paper, otherwise the bills don't feel right and can be easily detected by special pens that most merchants and banks use. Likewise, if you are going to fake gold bars you had better be sure they have the same weight and properties of real gold.
 
In early 2008 millions of dollars in gold at the central bank of Ethiopia turned out to be fake. What were supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little problem.
 
The problem with making good-quality fake gold is that gold is remarkably dense. It's almost twice the density of lead, and two-and-a-half times more dense than steel. You don't usually notice this because small gold rings and the like don't weigh enough to make it obvious, but if you've ever held a larger bar of gold, it's absolutely unmistakable: The stuff is very, very heavy.
 
The standard gold bar for bank-to-bank trade, known as a "London good delivery bar" weighs 400 troy ounces (over thirty-three pounds), yet is no bigger than a paperback novel. A bar of steel the same size would weigh only thirteen and a half pounds.
 
According to gold expert, Theo Gray, the problem is that there are very few metals that are as dense as gold, and with only two exceptions they all cost as much or more than gold.
 
The first exception is depleted uranium, which is cheap if you're a government, but hard for individuals to get. It's also radioactive, which could be a bit of an issue.
 
The second exception is a real winner: tungsten. Tungsten is vastly cheaper than gold (maybe $30 dollars a pound compared to $12,000 a pound for gold right now). And remarkably, it has exactly the same density as gold, to three decimal places. The main differences are that it's the wrong color, and that it's much, much harder than gold. (Very pure gold is quite soft, you can dent it with a fingernail.)
 
A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclear properties of gold perfectly. To do this, you could could start with a tungsten slug about 1/8-inch smaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold all around it. This bar would feel right in the hand, it would have a dead ring when knocked as gold should, it would test right chemically, it would weigh *exactly* the right amount, and though I don't know this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16" layer of pure gold being enough to stop the x-rays from reaching any tungsten. You'd pretty much have to drill it to find out it's fake.
 
Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it's got a lot of real gold in it, but you'd still make a nice profit considering that a real one is worth closer to $400,000.
 
What's going to happen now?
 
Politicians like Ron Paul have been demanding that the Federal Reserve be more transparent and open up their records for public scrutiny. But the Fed has consistently refused, stating that these disclosures would undermine its operation. Yes, it certainly would!
 
UPDATE: Audit of Fed Reserve Amendment Passes!
 
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.
 
The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.
 
The manufacture of fake gold bars goes back years and, because of this, it is not likely that the originator of this scheme will ever be revealed or brought to justice. Meanwhile the world is just beginning to learn that much of its national reserves of gold may be fake. If more testing reveals that this gold was guaranteed by Fort Knox and the US Treasury then perhaps they will demand an exchange for "real" gold -- wouldn't you?
 
This is all happening at a time when the US economy is at its lowest and most vulnerable. The effects could be devastating.
 
Some investors are already selling gold commodities before these facts are widely known. They are investing instead in silver -- the next best metal. This will undoubtedly drive silver prices up.
 
According to Jim Willie, 24 year market analyst and Ph.D in statistics, "The bust cometh, and it will be spectacular. The stories told in the press will be peculiar, since not told objectively. The headlines might be a comedy, with phony reports of foreign subterfuge, when the perpetrators are home grown."
 
This is yet another story in the decline of America and capitalism -- a decline based on greed, deception and fraud.
 
UPDATE MARCH 5, 2010
 
Largest Private Refinery Discovers Gold-Plated Tungsten Bar
 
By Patrick A. Heller
 
Gold Plated Tungsten BarRecently, the German television station ProSieben ran a news story covering W. C. Heraeus in Hanau, Germany, the world's largest privately owned refinery. In the story, Wilfried Horner, the head of the gold foundry, shows a 500 gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something funny. After the bar was cut in half, you can see that the inside is tungsten, with only a coating of gold on the outside.
 
You can watch this news story on You Tube, where it was posted February 28, at http://www.youtube.c...h?v=ZKczs-7BFRI.
 
Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China's central bank had discovered some 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses. It was later learned that at least four counterfeit bars were found and that all had come from sources in the United States. As suspicions grow about counterfeit bars among those held in bonded warehouses for delivery against either COMEX or London Bullion Market Association contracts or shares of exchange traded funds, investors could panic. So, you can understand that there has been almost a total blackout on news coverage on this story.
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#5 grog

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Posted 12 August 2017 - 05:22 PM

Billions Of Dollars Of Gold To Be Unearthed Under Oroville Dam
 
GOLD, ACCUMULATE, CENSORED, SEDIMENT, ASSAYER, UNEARTHED, GUARDED, EARTH, DOWNSTREAM, MINING, RIVER, DAM, VEINS, WATER, OROVILLE, DOLLARS,
 
 
BY IWB · FEBRUARY 25, 2017
 
by Sean Adl-Tabatabai
 
 
 
 
 
 
Billions of dollars worth of gold is being unearthed below the displaced Oroville dam spill, which authorities fear will spark a 'gold rush'. 
 
Millions of cubic yards of "virgin soil" and bedrock are being displaced below the Oroville dam. The impressive amounts of earth being moved exceeds the amounts seen during the gold rush era of the 1800s in the same era.
 
Beforeitsnews.com reports:
 
The area is heavily guarded, patrolled by several agencies, some have little to do with earth moving.
 
Several workers were fired for posting pictures of the spillway online.
 
The spillway is designed exactly like a giant sluice box.
 
Water will continue to destroy the mountainside and expose new earth well into summer 2017.
 
Gold will accumulate just downstream of the spillway in cracks and veins.
 
If the entire dam goes, billions of dollars of gold will be unearthed.
 
Oroville Lake is the site of the submerged gold mine of Bidwell Bar, one of the first to begin the California Gold Rush. The native Maidu Indians were tricked into trading gold rocks for items of very little value. The MAURU-tanian King Juba of North Africa ruled over the port of OPHIR, where Solomon received his gold once every 3 years.
 
Oroville was originally named Ophir City, after the gold port of Solomon in North Africa. Yuba is the Berber pronounciation of King Juba, a North African Roman ruler, who was married to the daughter of Cleopatra.
 
Mount Ophir, further south, was the location of the very first Gold Coin Mint in California run by the Assayer, Humbert.
 
Is state sponsored Freemason gold mining at the expense of taxpayer dollars and public safety now underway? The heavily guarded, media censored spillway, and stretches of river beneath it, may yield billions of dollars in GOLD as tons of rock and sediment have been dislodged from the mountainside. As soon as water levels subside this summer, let the new California gold rush begin!!! The state will most certainly pick clean the off limits areas. But, you can bet that further downstream there wil be gold to be had.
 
The videos below delve deeper into all the proof surrounding this very peculiar dam and its history!
 
 
 
 

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#6 grog

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Posted 12 August 2017 - 05:23 PM

'Gold Is Now Effectively Illegal' In India - The Consequences Of Creating A Cashless Society
 
 
 
 
24 December 2016.
 
 
 
 
 
Jayant Bhandari warns "there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal" as he discusses India's attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking.
 
"The situation is getting worse by the day… people are desperate"
 
Jayant provides the clearest explanation of where India is (and where it is going) in the brief interview with ProvenAndProbable.com's Maurice Jackson …
 
As Jayant detailed previously, expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people's wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.
 
There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.
 
Gold Bullion Is Now Effectively Illegal
 
Assaults on people's private property and the integrity of their homes through tax-raids continue.  In a recent notification, government has made it clear that any ownership of jewelry above 500 grams of gold per married woman will be put under the microscopic scrutiny of tax authorities.
 
Steep taxes and penalties will be imposed on those who cannot prove the source of their gold. In India's Orwellian new-speak this means that because bullion has not been explicitly mentioned, its ownership will be deemed to be illegal. Courts will do what Modi wants. Huge bribes will have to be paid. […]
 
 

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#7 grog

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Posted 12 August 2017 - 05:36 PM

India Demonetization Of Gold For Silver: India Imports 319 Tons Of Silver In One Month 2016
 
 
 
 
24 December 2016.
 
 
 
 
 
Indian Silver imports through the first ten months of 2016 are approximately 94.394 million ounces, or about ten million ounces more than the amount of silver used by the U.S. Mint to produce a record 47 million American Silver Eagle coins in 2015 and the silver used to produced all of the American Silver Eagles minted through December 2016 (37,701,500)
 
India Will Become the World's Most Populous Country by 2022
 
Financial Crisis Being Covered Up: There Will Be No Last Minute Warning
 
To put India's silver imports in context, the 8,506 tons of silver imported into India in 2015 or 273 million ounces is about a third of the approximately 870 million ounces of silver mined in the world in 2015. While India imports silver from various nations, the 273 million ounces imported in 2015 is the equivalent of the entire production of Mexico, the world's leading silver mining country, AND the entire output of the fourth largest silver mining country, Australia.
 
China is the third largest silver mining country in the world and retains nearly all of their mining production. Therefore, the total global silver mining supply available to India and the rest of the word is not the 870 million ounces global mining supply estimate of the Silver Institute, but something closer to 750 million ounces.
 
Kraken Queen's Silver Opium
 
Kraken Queen's Silver Opium ~ Silver has value and the dollar is a promise to generate more debt.
 
A Deadly Game
 
New market events that will weigh HEAVILY on precious metal riggers into 2017:
 
-The recent Deutsche Bank settlement, and why it's crucial for the authorities.
 
-Why the confession by the banks, and the daily evidence of emails at the silver fix, is the "Wikileaks dump" of precious metals we've been waiting for.
 
-India's decision to demonetize larger rupee notes, and why it affected their gold market.
 
-The decision of Indian officials to confiscate gold acquired in certain circumstances, and why this is incredibly good news for silver.
 
-Janet Yellen's recent decision to raise interest rates, and what effect this will have on silver and gold prices.
 
-Why the market riggers are in such a dangerous place, if they continue aggressively prosecuting lower silver prices.
 
-Why India's recent silver imports were the highest in 6 months, and where we go from here in 2017.
 
-Where silver has become a real value play in India, relative to gold.
 
-Why Yellen's actions just proved Donald Trump correct about the Federal Reserve.
 
The Canary Warnings Continue To Drop Like Flies!
 
 

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#8 Geode

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Posted 14 August 2017 - 04:42 AM

Money should be tied to national and international objectives...


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#9 grog

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Posted 15 August 2017 - 11:35 AM

Money should be tied to national and international objectives...

"Money should be tied to national and international objectives"
 
Different nations have different objectives.

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#10 Geode

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Posted 15 August 2017 - 12:10 PM

 

 
 
Different nations have different objectives.

 

 

 

 

"Money should be tied to national and international objectives"
 
Different nations have different objectives.

 

 

There's a time for negociation and decide about that tool...


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#11 grog

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Posted 18 August 2017 - 10:47 AM

 

 

 

There's a time for negociation and decide about that tool...

Nations don't negotiate if they believe they can (easily) win.


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#12 math

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Posted 18 August 2017 - 02:32 PM

Nations don't negotiate if they believe they can (easily) win.

Let's demand it...


Edited by math, 18 August 2017 - 02:42 PM.

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