Ba-ba-Ra
27th December 2016, 18:06
From Joseph Farrell:
A couple of years ago one of the stories we were watching here was Germany's attempts to repatriate its gold from the New York Federal Reserve, the Bank of England, and the Bank of France, and bring it physically back to the Bundesbank's vaults in Germany. That move, you'll recall, began as a popular movement, rather than within the German government itself. It began first as a request for a full audit of Germany's reserves, reputed to be the second largest in the world after the United States.
At that time, I also pointed out that it was not the first time "something fishy" seemed to be going on with Germany's gold bullion, for I also noted that in his memoirs, former Reichsbank President Hjalmar Schacht, recounted an episode which occurred during his visit to the USA in 1928. Back then, Schacht visited his old friend and the then Governor of the New York Fed, Benjamin Strong, and asked to see the Reichsbank's gold reserves as his host led him on a tour of the New York Fed's vaults. Moments later, the staff came back to the two central bankers to report that they could not find the Reichsbank's gold reserves. Schacht then records a response that seems incongruous, to this day:
Farrell's Speculations:
Now what's interesting here is that the Bundesbank, according to the Zero Hedge article, appears not to have slowed its repatriation, but rather, to have accelerated it.
And that action raises all sorts of very intriguing high octane speculation hypotheses: could an internal audit of said gold have found more gold-plated tungsten than real gold? Or have found gold of less purity than was supposed to be the case? Or could such an audit have found other indications that have caused the Bundesbank to continue with the repatriation even though that shows the opposite of a "demonstration of confidence," i.e., is the Bundesbank no longer confident of the bona fides of its fellow central banks in Paris and New York? Or, conversely, is it doing so because of the internal meltdown of Deutschebank and all its alleged bad derivatives paper (remember that "fraudulent securities element")? Is this connected to the German government's warning this past year for Germans to prepare for "an emergency"? Of finally, is it doing so because of the weakening of the EU and the euro, against the possibility of having to reinstitute the D-mark?
These may all be possibilities, but for my part, I cannot help but indulge in some really high octane speculation, and think that the real story here is revealed by Schacht's recounting of the "amusing incident" in 1928, a story that he deliberately mentions, and draws attention to by noting that he believes the NY Fed is "good for it," i.e., his remarks imply that he is aware that something is afoot, something untoward, and that he knows what it is. There the remarks stand to this day: they have never been followed up on, nor accounted for. But Schacht himself, let it be noted, found himself after the war in a number of "gold hot spots" such as Indonesia, where, once again, all that buried Japanese loot enters the story. And lest we forget, "gold" of course in some circles means "drugs," and the international trade in them. And a certain major oriental bank has allegedly been involved in such activities... (HSBC Bank: Secret Origins To Laundering The World's Drug Money)
complete article: https://gizadeathstar.com/2016/12/remember-german-gold-repatriation-thing-well-going-faster-planned/
A couple of years ago one of the stories we were watching here was Germany's attempts to repatriate its gold from the New York Federal Reserve, the Bank of England, and the Bank of France, and bring it physically back to the Bundesbank's vaults in Germany. That move, you'll recall, began as a popular movement, rather than within the German government itself. It began first as a request for a full audit of Germany's reserves, reputed to be the second largest in the world after the United States.
At that time, I also pointed out that it was not the first time "something fishy" seemed to be going on with Germany's gold bullion, for I also noted that in his memoirs, former Reichsbank President Hjalmar Schacht, recounted an episode which occurred during his visit to the USA in 1928. Back then, Schacht visited his old friend and the then Governor of the New York Fed, Benjamin Strong, and asked to see the Reichsbank's gold reserves as his host led him on a tour of the New York Fed's vaults. Moments later, the staff came back to the two central bankers to report that they could not find the Reichsbank's gold reserves. Schacht then records a response that seems incongruous, to this day:
Farrell's Speculations:
Now what's interesting here is that the Bundesbank, according to the Zero Hedge article, appears not to have slowed its repatriation, but rather, to have accelerated it.
And that action raises all sorts of very intriguing high octane speculation hypotheses: could an internal audit of said gold have found more gold-plated tungsten than real gold? Or have found gold of less purity than was supposed to be the case? Or could such an audit have found other indications that have caused the Bundesbank to continue with the repatriation even though that shows the opposite of a "demonstration of confidence," i.e., is the Bundesbank no longer confident of the bona fides of its fellow central banks in Paris and New York? Or, conversely, is it doing so because of the internal meltdown of Deutschebank and all its alleged bad derivatives paper (remember that "fraudulent securities element")? Is this connected to the German government's warning this past year for Germans to prepare for "an emergency"? Of finally, is it doing so because of the weakening of the EU and the euro, against the possibility of having to reinstitute the D-mark?
These may all be possibilities, but for my part, I cannot help but indulge in some really high octane speculation, and think that the real story here is revealed by Schacht's recounting of the "amusing incident" in 1928, a story that he deliberately mentions, and draws attention to by noting that he believes the NY Fed is "good for it," i.e., his remarks imply that he is aware that something is afoot, something untoward, and that he knows what it is. There the remarks stand to this day: they have never been followed up on, nor accounted for. But Schacht himself, let it be noted, found himself after the war in a number of "gold hot spots" such as Indonesia, where, once again, all that buried Japanese loot enters the story. And lest we forget, "gold" of course in some circles means "drugs," and the international trade in them. And a certain major oriental bank has allegedly been involved in such activities... (HSBC Bank: Secret Origins To Laundering The World's Drug Money)
complete article: https://gizadeathstar.com/2016/12/remember-german-gold-repatriation-thing-well-going-faster-planned/