The Great Gold Heist

[TrumanCash]

THE ANUNNAKI DID IT!

We do all the work, they get the gold, and we get the shaft!

[AutumnW]

A proper revaluation of Fort Knox gold should help support the US dollar, to a point. It acts as a counterbalance to inflation, when it's in federal govt's hands. But that's if there's any gold there. If there's not? Who knows?

[shaberon]

Lots of points being made.

To redress the "motion" of physical gold (or lack thereof), this is the impression I got from the market guy. He was talking to Kitco, which, for me, replaced the newspaper when the internet came on line. Everyone read the paper, which ran a price that was basically dictated by Rothschild, who sold his seat off the gold fix in 2004. Now it's an argument between five mostly British banks. The price is just a number that bends in the direction of the loudest bank.

With Bank of England, you have (a) a lot of people queing to withdraw, and (b) like Fort Knox, a lot, maybe most, of its holdings are not up to modern standards. That doesn't affect the quantity is available. It means they have to send it to Kitco in order to get something they can physically release on the market. Remember, they were literally looking for more foundries.

The motion towards the United States is not into its governmental hands, to replace some empty pallet in Fort Knox, but, is, rather, uneasiness about "tariff wars", or simply it being seized, or other adverse market conditions, because the main use of all this gold is to make money by "financial wonders" and not by the metal itself. When they say the "lease" cost has passed 10%, that's insane, it's like Covid. Recall that "Covid inflation" was attributable to:


Corporate profits 48%

which is unprecedented, on a scale of ten to twenty times the previous record -- much like the gold lease fee.

When I did this, I gave up on the company I worked for, because they would not listen to taking a payout in bullion, always wanted cash. Same as no people paid attention to their wealth being basically transferred to Asia. As a material fact, I'm pretty sure I have shucked large fortunes out of the American public and permanently removed it from their grasp. I haven't personally accomplished much in life, but, realistically, I have watched everyone prefer cash with no qualms that the material goods are the actual wealth, and reaped it.


The "bigger" people are the ones who speculate on future profits. Notice that most of the settlements on the opium class action lawsuits were designed so that the pharmaceutical companies are required to pay out a fine over a large number of years, provided they make a certain profit.

There's a pretty good motive for "future profits", with, apparently, a type of trampoline backing it.

The example was given of a coin dealer who acquires an estate. Instead of marketing the whole collection at once, chances are that various coins will be placed in various banks for various reasons. Those include the dealer's investments which is probably where he makes money, not by sales, and since all of that is bank business, then they can list an asset and go out and do whatever. So the dealer is probably trying to retail one or two coins at a time, with most of it pledged for this or that obligation.

Something as power-hungry as Bitcoin also has a physical component. That's an issue. If it depends on public infrastructure, it's relying on the commons. We use electricity as we know it typically because of massive tax subsidies to power companies. Therefor, such energy should not be privately managed.

My view is basically whatever is public is the interest of the tax base and our civil commitments. That is the base terminology of a "republic", res publica, public things. which I would think constitute the majority of things we use. Therefor an efficient government would do a good job at protecting this from a rentier or monopolist class. I am not sure The Constitution is capable of that.


The argument against the Bill of Rights is quite similar to some of the other posts -- we shouldn't have to trouble ourselves to point out these specific "protections". The federal power should be extremely limited so it has no way to take the first step of encroachment.

My original concern has not been addressed, and we seem to be several steps in the other direction.

Some of those are that the federal entity acquired a lot of the world's gold for some $42/oz., and managed to expand its tendrils so that it runs a predatory deception through the IMF and World Bank.

Then you can be sure that the United States is another one of those places where the military spends Federal Reserve Notes back into the local economy, and so the residents depend on some kind of exchange-for-value so that someone else makes a fee, and they experience permanent inflation. It's a lot like any third-world country in this matter.

[T Smith]

Posted by ThePythonicCow (here)

Posted by T Smith (here)
If you agree to sell me your collection of Beatles albums for 1000 satoshis

I'd agree to that trade. I have a fine, well maintained, collection of approximately 300+ rock and roll and similar records, purchased mostly at the famous Tower Records, on Peachtree Road, in Atlanta, Georgia in the mid 1970's, which I pretty much stopped listening to, long ago, when my focus turned to computer programming, later in the 1970's.

I'd happily package them up and ship them, for 1000 Satoshi. Let me know if you're interested.

Most tempting You may just hear from me when I'm ready to brush off the dust from my old turntable...

[ThePythonicCow]

.
Joseph P Farrell has another hypothesis as to why gold seems to be coming back into the New York vaults. He speculates that the ending of the war in the Ukraine will include returning Russia's gold and forex reserves that had been frozen by the U.S. That gold has doubtlessly been "out and about", and would now would need to find its way back, through the New York vaults, to Russia.

• News and Views from the Nefarium | Feb. 20, 2025

[Vangelo]

Posted by ThePythonicCow (here)
.
Joseph P Farrell has another hypothesis as to why gold seems to be coming back into the New York vaults. He speculates that the ending of the war in the Ukraine will include returning Russia's gold and forex reserves that had been frozen by the U.S. That gold has doubtlessly been "out and about", and would now would need to find its way back, through the New York vaults, to Russia.

• News and Views from the Nefarium | Feb. 20, 2025

Here is another link for News and Views from the Nefarium | Feb. 20, 2025

[ThePythonicCow]

Posted by Vangelo (here)
Here is another link for ...

I suspect that those are Vangelo's polite words for noting that my link was bogus.

(I've now fixed my post's link. Thanks, Vangelo.)

[Bill Ryan]

This is fascinating and recommended, even to flick through it to see the several Fort Knox gold vault photos. Start in at 13:36, the section lasting for 20+ minutes.

Chris Martenson is scathingly sarcastic about how difficult it would be to do a proper audit, even if the gold really did appear to be there. (Who's going to move all the heavy bars to check what's actually behind and underneath??)

These two photos that he showed were apparently hard to find. The first is Fort Knox, the second the New York Fed (where some of the US gold is also stored.)





And this is how it's supposed to be done (but not in the US!), for very obvious easy-to-audit reasons.



Martenson strongly doubts the gold is there — or if it appears to be, it's not the US's gold at all.

Fort Knox: If the Gold Were There, They’d Let Us See It

Source: https://youtube.com/watch?v=tUoFARVVT7A

[norman]

Where is the Vatican Gold they extracted ?

Somewhere safe from the SES, I hope.

[Sirus]

I'm sure that there's tech that can see behind the facade of gold bars. Maybe a job for the DOGE crew ?

[mountain_jim]

https://x.com/MJTruthUltra/status/1893400325744124140

MJTruthUltra
@MJTruthUltra
Ooooooooo Boy 👀

Trump is hinting there may not be any Gold at Fort Knox.

“Wouldn’t it be terrible if we opened it up and nothing’s there?

We’ll be totally surprised, we’ll open it up and say there’s nothing here, they stole this too!”

DO YOU think the Gold is there?

[Abondance]

This thread brought me back to something I read a few years ago. It had to do with the dark life of Zecharia Sitchin's agent.

What does this have to do with gold? Well, in this case, it was one of his associates who probably carried out the largest gold transfer in history, estimated at 90% of the world's reserves at the end of the Second World War. The gold of the Japanese (Operation Golden Lily), which they had hidden in the Philippines...

Extracts:

"The Second World War is about to end. During the final months of the war, several high-ranking Japanese princes, supported by the military and General Tomoyuki Yama****a, rushed into caves and tunnels in the mountains of Luzon, Philippines, to hide tons of gold bars and other war chests. The Philippines was an important transit point for the Japanese navy, and Yamashita was also the governor-general of the archipelago. This accumulated wealth comes from Japan's systematic plundering of the 12 countries it invaded and occupied from 1895 to 1945 as well as ancient treasures accumulated over several generations, perhaps even more. In addition to considerable wealth, specialized teams during the Second World War got their hands on the contents of banks, lending offices, temples, art galleries and private property. Japan proceeded to the orderly plundering of wealth in an operation dubbed "Golden Lily." »

"With the spoils of war concealed, General Yamashita and his men, stranded in the archipelago, then awaited the arrival of the Americans. […] After the landing, General McArthur inspected his troops and gave the order to march on Bagio, where Yamashita had established his headquarters. […] Before the end of the operations, Filipino resistance fighters met with the Americans and revealed the existence of Japanese gold caches. [...]
At the time, the Japanese government claimed to have a total of 200 tons of gold reserves, an unbelievable figure given the imperial treasures hidden by General Yamashita's troops. Based on the reports of the American secret services dated November 7, 1945, Japan should hold 2 to 3 times more of the precious metal, contrary to what has always been declared until now. This is a godsend for the US government, which must absolutely hide Japan's wealth in order to steal the royal treasures remaining in the Philippines. »



(As the general could not be tortured without the knowledge of his lawyers, the Americans attacked the members of his staff and multiple underground tunnels in the mountains were located.
General McArthur informed the new President Truman of the discovery and he made it a state secret. The use of the loot was discussed by a working group that included Robert B. Anderson, a future associate of Sitchin and future Secretary of the Treasury.)



"The solution they proposed was to create what would later be informally called the Black Eagle Trust, inspired by the black eagle emblem that adorned Hitler's Reishbank in Berlin. […] This fact has been confirmed by a number of high-level informants, including Ray Cline, former deputy director of the CIA. Informed in 1945 of Santy's discoveries, the man was responsible during the 1980s and 1990s for hiding a large part of the Japanese loot in the vaults of the Citybank in New York as well as other banking establishments. »
"The secrecy surrounding this affair must remain within a limited cadre of men initiated and devoted to President Truman. No one else should know about this gigantic mass of stolen gold, lest countries demand its immediate return. Moreover, if this information came to the public's ears, it would lead to a fall in the gold rate set at $35 per ounce, with the exchange rate then collapsing, leading to an unprecedented financial disaster.
The spectacle of these quantities of gold piled up over 2 meters is certainly surprising and wonderful, but Anderson's mission was not long in coming: between 1945 and 47, he had to find a way to recover the ingots by sea and then travel the world to transfer them as discreetly as possible to 172 accounts in 42 countries. The amount of gold buried in the Philippines during World War II is equivalent to more than one million tons, or about 90% of the "real" stock of the world at that time! […] In order to keep the existence of these funds secret, Washington will do everything possible to spread the rumor that the Japanese never plundered the countries they invaded. Better still, Japan would be bankrupt at the end of the war! As Germany prepares to pay reparations to thousands of victims, Japan is magically exonerated of any charges to cover up this huge lie. »





Anton Parks, Les agents de l'Apocalypse – Project Rising Nibiru

[Abondance]

I don't know why the name of the Japanese general doesn't want to be written in full, it wasn't me who put the asterisks

[Bill Ryan]

Posted by Abondance (here)
I don't know why the name of the Japanese general doesn't want to be written in full, it wasn't me who put the asterisks

Fixed! (There are several ways to bypass the rather unintelligent Avalon censor... see this thread: Outwitting the over-zealous forum censor)

~~~

Here's the opening post from my 2018 thread titled Yamashlta's gold. The photos, which I was given personally, are genuine and extraordinary.

~~~

There's a good summary of Yamashita's gold here, but there's MUCH more about it all over the net. It's for real.

I was given these photos below by someone who contacted Project Camelot years ago: and also personally met another (independent) Camelot contact who told us he was part of a team that transferred at least some of the gold to Switzerland — where it remains.

Kerry and I met him for dinner, and he showed us documents which stated the value of the gold deposited. The huge dollar number had so many zeros after it that I had to count them twice. (That's not a joke. I really did.)

Here are the photos. They're high resolution images, so they may take a while to load. Enlarge them to read them in detail. And look VERY carefully at the last two to see the value.

[Satori]

Posted by Bill Ryan (here)

Posted by Abondance (here)
I don't know why the name of the Japanese general doesn't want to be written in full, it wasn't me who put the asterisks

Fixed! (There are several ways to bypass the rather unintelligent Avalon censor... see this thread: Outwitting the over-zealous forum censor)

~~~

Here's the opening post from my 2018 thread titled Yamashlta's gold. The photos, which I was given personally, are genuine and extraordinary.

~~~

There's a good summary of Yamashita's gold here, but there's MUCH more about it all over the net. It's for real.

I was given these photos below by someone who contacted Project Camelot years ago: and also personally met another (independent) Camelot contact who told us he was part of a team that transferred at least some of the gold to Switzerland — where it remains.

Kerry and I met him for dinner, and he showed us documents which stated the value of the gold deposited. The huge dollar number had so many zeros after it that I had to count them twice. (That's not a joke. I really did.)

Here are the photos. They're high resolution images, so they may take a while to load. Enlarge them to read them in detail. And look VERY carefully at the last two to see the value.

Excellent.

I have a few questions and doubts. For instance, I doubt there is 3 trillion US dollars in that chest. In the photos there are references to “certificates”, which are a claim to something, e.g., gold, not the thing itself. There could be 3 trillion in certificates, plus a little gold, in that chest(s), but I doubt there is 3 trillion US dollars in there. Even at today’s valuations.

Also, the news reports re the Peace of the World, what’s up with that? That strikes me as an attempt to provide provenance to the gold story, but is actually only remotely connected if at all. What occurred in WWII and the Philippines re the gold heists of circa 1940s, is distinct from the circumstances leading to the Treaty of Versailles in 1919.

[shaberon]

We had a go-round with these pictures before, and I thought Lake perhaps went in the right direction starting from this post on war reparations. It goes to a summary:

After WWI the Treaty of Versailles was set up to help rebuild the world and the BIS (Bank for International Settlements) was created by the founders of the Federal Reserve. All the gold in Europe—and, it appears, everywhere else—went to the US Government in exchange for these Series 1934 safe keeping receipts / bonds. It is rumored that 8 ships departed China for the US with gold so it could not be by looted by the Japanese occupiers. In 1998 the 60 year hold ended, the boxes were dug up, and the people who originally gave their gold for paper wanted it back. The US said no such exchange occurred. Later, in a secret court in the Hague, the US lost the litigation of the claim and was ordered to turn over the gold by September 11, 2001. The US did not turn over the gold and the Twin Towers were attacked, accompanied by a mysterious collapse of the World Trade Center number 7. Few knew the gold vaults were under building number 7, and fewer knew they were discovered to be empty after the collapsed structure was excavated down to the vault levels. No doubt this was the heist of the century.

So we found this view of boxes, along with different sets of documents that seemed to be coming from the database of a single web page. It was a partially-incomplete series just starting from "img 01..." as any software design is going to default your input to. And this is a case where you can "open in new tab" and see a lot more detail than the reduced version displayed by the post.

Where were they taken? Tile floor of a bank...hotel...no, it's too dirty. Look at the picture of the end of the box and you can tell it is in front of dirty wooden molding that appears to be separating from the wall, and it is in front of a relatively shallow cabinet which appears to contain displays of butterflies and demi-tasse spoons.





The stuff was between a crude bookshelf, and whatever "that" is. I'm not sure what that tells us. The concept was that it was not *gold*, but, Certificates or Bonds, which, I think were proposed to create Special Drawing Rights over the fact that the Federal Reserve only held a fraction of its gold obligations.

Those may be two different stories.


This is some of the business currently advertised by BiS:

Foreign exchange and gold services

The BIS support clients by offering a wide range of foreign exchange services. Live quotations are available in all major currency pairs.

Spot, swaps, outright forwards (including SDR), options, FX-linked deposits
BIS e-FX trading platform and orders
Gold purchases and sales: spot, outright forwards, swaps and options
Gold upgrading and investments (including swaps and dual currency deposits)
Gold location exchange, safekeeping and settlement: loco London, Berne or New York

I don't know what that is. I just know what gold and cash are, as a pivot of human behavior. This thing is offered as a major financial instrument because practically all the customers of BiS are central banks, so, even if I were an agent of Vanauatu, I would be tempted to handle whatever an "SDR" entity really is. Those other posts were made on the heels of various online articles about the smuggling of SDR certificates, and various things going on that were certain to prove a fraud or other crimes, but now we are getting some different kind of new claims about the lack of gold holdings which, despite some of these possibly frivolous tales, may well have been the case since the 1930s.


Recently as 2020, the volume of both Gold and Treasuries are over $160 B daily, both of them are over half the size of the total S & P 500. And it turns out there is a response to a *holdings requirement*. It is a set of Basel Accords which I presume means BiS. In recent years, i. e. after I have been in any gold business, they have actually unrolled a requirement for 85% of gold-related liabilities to be backed by reserves. Coming from the experience of the industrial side, this is by the World Gold Council 2021:

Allocated vs. Unallocated Gold

There has been much speculation about the impact of Basel III (including the NSFR) on the allocated and unallocated gold markets. Some commentators have noted that allocated gold can be considered a tier 1 asset and therefore receives a risk weighting of zero. This is nothing new. Gold held in own vaults or on an allocated basis has always been a tier 1 asset under the Basel Accords. This is because allocated gold attracts no credit risk – it is neither the asset or liability of the custodian bullion bank and is therefore not considered part of the custodian bank’s balance sheet.

So, whilst the Basel III Tier 1 capital rules do not materially change the treatment of allocated gold vs. unallocated gold, the NSFR will impact on-balance sheet gold. But does this mean the unallocated gold market in particular will disappear as some commentators are suggesting? No it won’t, but the costs of holding gold on balance sheet (regardless of whether it is allocated or not) will go up. Unallocated gold is an essential source of market liquidity. The clearing and settlement regime depends on it, and without an unallocated gold market it will be very difficult to finance (and facilitate) the upstream activities of gold producers and refiners, and the downstream users of gold such as jewellers and fabricators. The real economy demand for gold relies on the unallocated gold market. So whilst funding costs will increase, we are unlikely to see a major distortion in favour of allocated metal due to the imposition of the NSFR.

Notice that risk-free gold is in a certain since undesirable. It's worthless, in the sense that nothing is borrowed or loaned on it, so, to a financier, it is nothing but a form of insurance. But yes, some of the associated costs have skyrocketed.

The first thing that comes to his mind is gold as unit-of-value:

Gold is used as a currency in many gold lending and borrowing transactions, with interest denominated and paid in gold ounces. Matching maturities leads to a symmetry between the ASF and RSF. Acknowledging the use of gold as a currency in such transactions would mitigate the impact of the 85% RSF.

So you would have an interest in owning gold, in order to perform supra-gold risky but profitable finances, for which 85% is an abnormally high requirement.

The Special Drawing Right is a form of reserve at the IMF:

The IMF created the SDR as a supplementary international reserve asset in 1969, when currencies were tied to the price of gold and the US dollar was the leading international reserve asset. The IMF defined the SDR as equivalent to a fractional amount of gold that was equivalent to one US dollar.

When fixed exchange rates ended in 1973, the IMF redefined the SDR as equivalent to the value of a basket of world currencies. The SDR itself is not a currency but an asset that holders can exchange for currency when needed. The SDR serves as the unit of account of the IMF and other international organizations.

In other words, it is designed to compete with the dollar, as a reserve based in gold and other currencies.


As per Goldbroker:

Originally, the value of an SDR was defined as equivalent to 0.888671 grams of fine gold (0.028571oz) which, then, was also equivalent to a US dollar (1oz of gold = 35 SDRs = US$35).

On February 21, 2014, one SDR was worth $1.542905, an ounce of gold was worth 857.75 SDRs, and it was worth $1,323.25. This clearly shows the devaluation of paper currencies compared to gold since 1971 (-2,450.71%).

The article went on to explain China as promoting the SDR, and, it never went over very well, hence the impulse to start BRICS, which seems largely about international reserves, since then.

Everyone was riled up because it looked like "Building 7 collapse" obliterated a lot of gold evidence, and, "Pentagon hit" seemed to be on the office of financial accounting for the related military programs. I personally thought it was a hide-the-evidence with the first two buildings as mass casualty events to excite the public.

That's how it seemed to me. It might be interesting to find more solid evidence about old Bonds that over-pledged the gold and what happened to the Nazi and Japanese loot. It's a bit romanticized compared to the fact of how one can trace the hardwiring of German finance into this American and "international" system. I don't doubt the "office" is of a basically predatory nature.

[mountain_jim]

https://x.com/TuckerCarlson/status/1894085148812927478

Tucker Carlson

@TuckerCarlson

More gold is being shipped quietly between countries right now than at any time in history. Why? Because we’re getting a new global financial system. Luke Gromen explains.

(0:00) Gold Is Still Critical to Our Economy
(8:17) The Government’s Secrecy Around Gold Ownership
(13:17) Why Can’t Fort Knox Be Audited?
(20:47) The Intel Community’s Propaganda Around Gold Owners
(24:41) Is Warren Buffet a Political Pawn for the Banks?
(30:17) The Biggest Global Players in the Gold Industry
(32:26) The Secret Initiative to Slow Energy Production
(41:19) Could Trump Use Gold to Fight National Debt?
(50:47) America’s Dependence on China and How Trump Is Fixing It
(1:02:21) The Parasite Bleeding the Life Out of Our Economy
(1:11:29) Trump and Vance’s Big Picture Plan for the US Economy
(1:22:15) Should You Invest in Gold?

Includes paid partnerships.

[shaberon]

Sharpening the pencil. This is a subject that has a lot of extraneous claims, and little evidence. For this from a book:

Posted by Abondance (here)
In order to keep the existence of these funds secret, Washington will do everything possible to spread the rumor that the Japanese never plundered the countries they invaded. Better still, Japan would be bankrupt at the end of the war! As Germany prepares to pay reparations to thousands of victims, Japan is magically exonerated of any charges to cover up this huge lie.

Yes, by the U. S. S. R..

Again, it is a prima facie false statement because a country cannot "be bankrupt". A rumor would cover up millions of victims? If there was looting going on, does it make sense to ship from Singapore to the Philippines in "hopes" it might reach the Japanese mainland? At a time when they had lost control of the seas; any move would be risky, let alone a secondary storage facility. The proposed plan seems unlikely. Worse, the "magical exoneration" is a huge lie.



Foreign Ministry of Japan:

At the end of the Second World War, Japan dealt collectively with the issue of reparations, property and claims with the countries concerned. That was the method that was generally accepted by the international community at the time.
Specifically, Japan concluded the San Francisco Peace Treaty, bilateral peace treaties, agreements and instruments with countries concerned, and in accordance with them carried out payment of reparations and other items in good faith. In this way, issues of claims concerning the War have been legally settled with the countries of the parties to these treaties, agreements and instruments.
(Reference 1)
Examples of war reparations made pursuant to the San Francisco Peace Treaty

Reparations amounting to US$550 million (198 billion yen) were made to the Philippines, and US$39 million (14.04 billion yen) to Viet Nam.
Payment to the International Committee of the Red Cross to compensate prisoners of war (POW) of 4.5 million pounds sterling (approximately 4.54109 billion yen) was made.
Japan relinquished all overseas assets (approximately US$23.681 billion: approximately 379.499 billion yen)
(Reference 2)
Examples of war reparations made pursuant to individual peace treaties and other treaties

Reparations amounting to US$200 million (72 billion yen) were made to Burma, and US$223.08 million (80.3088 billion yen) to Indonesia.
Japan-Soviet Union Joint Declaration (1956)
The Soviet Union waived its rights to reparations from Japan, and both Japan and the Soviet Union waived all reparations claims arising from war.

A court case was won against Imelda Marcos, although it does nothing to corroborate the presence of gold from those locations. It has never been found. That's a bad case against it. Unless the guys with the old boxes and the Hannibal Lecter decor really had it. The authenticity of the UBS letters was disputed. Kind of sketchy.

What actually did happen was that, overnight, the gold that was in the Federal Reserve suddenly belonged to the Treasury due to the Gold Reserve Act, January 10, 1934:

Section 10 of the act established a stabilization fund of $2 billion under control of the Treasury. These funds came from the profits the government earned when it raised the price of gold. The Treasury could use the Exchange Stabilization Fund (ESF) to buy or sell gold, foreign currencies, financial securities, and other financial instruments in order to control the dollar’s value and to conduct open-market operations without the assistance (or approval) of the Federal Reserve. The Treasury could also use the ESF to transfer funds clandestinely to neutral nations and international allies; this tool proved useful during World War II.

Again, yes, this was kind of unprecedented. Gold had been permanently about the same by British fiat, until the Americans came in with $20 and then this $35, and, it is admitted the government makes money by raising the price.

The President and the Bank did not see it the same way:

Soon thereafter, Roosevelt sent a polite letter to Governor Eugene Black of the Federal Reserve Board, asserting that his administration’s policies did not interfere with the mission of the Federal Reserve. In rebuttal, the Washington Post (whose publisher, Eugene Meyer, had been governor of the Federal Reserve Board from September 1930 until his resignation in May 1933) wrote that Roosevelt’s letter seemed like a eulogy.

“The plain and unvarnished fact is that the Federal Reserve System of today is not the one established 20 years ago, any more than it is the system which existed a year back. The present organization has been shorn of its power to formulate an independent credit policy and it can no longer regulate the flow of funds into and out of this country, as it did when the United States was on the gold standard. The gold reserve act of 1934 not only took from the system all of its gold, but in doing so definitely deprived it of future control over gold movements, although of course that power had been lost as a result of the gold embargo and subsequent monetary manipulations. With the passage of this act, therefore, the central banking system of this country formally surrendered one of the chief privileges and duties which it had exercised prior to suspension of gold payments. … The Administration has assumed responsibility for defining our monetary policies” (Washington Post February 17, 1934, 8).

So, rather than formulating monetary policy, the Federal Reserve implemented policies devised by others, principally the Treasury. The Federal Reserve did not regain control over monetary policy until the Fed-Treasury Accord of 1951.

As an agent for the Treasury, the Federal Reserve executed Treasury policies...

Ok. It's an argument between a private bank and the government about who is in charge. I doubt this lasts very long because they turn into the same thing by the new Sec-Treasury:


To finance World War II, Morgenthau initiated an elaborate system of marketing war bonds. He arranged that the Federal Reserve would support Treasury borrowing and would purchase bonds not bought by the public at an agreed rate. The War Bond program raised 49 billion dollars towards the cost of the war.



Here is the nine-page act text. Note it does not apply to gold mined after itself.

This is Time 2001 on the "trillion dollar gang" busted in the Philippines:


The scam was blown by a joint U.S. Secret Service and Philippine police operation on Feb. 18, when they arrested one Mindanao ex-security guard; they are hunting at least six other suspects, including several foreign nationals.


That is, as usual, lame, because it lets six people go running around the world with this scheme in progress. It was actually based from a "wrecked B-17" but it was the same "paper treasure", i. e. Bonds or Certificates rather than gold.

This type of thing is like a cottage industry there.

Treasury:

Fraudulent "Federal Notes" or "Bonds"
These bogus securities are commonly known as "Morganthaus." Henry Morganthau, Jr. was Secretary of the Treasury in 1934. These "federal notes" are not currency, nor are they bearer bonds. They are crude forgeries that appear to have originated out of the Philippines. The story being told is that the United States shipped them to Philippine freedom fighters during World War II to help with the war effort. Some "investors" have brought them to us in so-called "Federal Reserve" metal boxes, along with other related certificates, such as:
Global Immunity (file size 277K, JPG file uploaded 12/12/02),
FDIC Insurance (file size 261K, JPG file uploaded 12/12/02),
Gold Bullion (file size 325K, JPG file uploaded 12/12/02),
Shipping manifests,
"Gold" coins.

Next on the timeline is NY Fed:

Discovered 1930s Notes and Bonds
July 2005

The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.

Fraudsters often falsely claim that the purported Federal Reserve notes or bonds that they hold are somehow very special and are not known to the public because they are so secret. Fraudsters have attempted to sell these worthless instruments, or to redeem or exchange them at banks and other financial institutions, or to secure loans or obtain lines of credit using the fictitious instruments as collateral.

I don't think we'll get much mileage out of the "paper trail" and that's a really serious crime. Keep your prints off of it unless you want to find out what ice is.

The problem is not "Morgenthau securities", it's what Morgenthau did in plain sight.

I've handled the gold certificates they are talking about from before the recall and the Act. I'd be willing to say there are "higher quality" counterfeits than a lot of those sweatshops use. I would say the western market overall invited a gateway for fake paper certificates as well as fake everything else, handbags and shoes, and this demand provided an actual means to make a living in Asia. I don't know if that's still true. But it was like that first bust had been tracked since 1998. Of course, none of this would happen if no one agreed to buy it.

Gold is a different story. It's an amount and you have to track it. I don't know that we've stumbled into a tangible claim it is actually missing. I am sure we are in the late stages of a disease called hiring a private bank to run a war industry nation by indebting the populace. I think I've been saying that since I learned the words. It's only recently I have heard it resonating in, most circles, other than its own. Or, well, I kind of take that back because several players have said basically the same thing. I can certainly see the inflation in almost everything we have to use, and, "unprecedented" in terms of the increase.

[sylviawong]

Since 2022, central banks worldwide have been continuously increasing their gold holdings (due to the depreciation of the US dollar, excessive money printing, and the backing of BRICS currencies). Since then, gold prices have persistently diverged from the inherent patterns of financial markets (it is worth noting that gold prices have long been manipulated by financial capital). A significant decline in gold reserves could undermine the credibility of the US dollar. Meanwhile, Warren Buffett has been accumulating cash reserves, even surpassing pre-subprime crisis levels. Could this signal an orchestrated financial collapse in the making?

[Bill Ryan]

Posted by sylviawong (here)
Could this signal an orchestrated financial collapse in the making?

A good question — and quite a few financial analysts and commentators (professional ones with a lot of knowledge and experience) have been suggesting exactly the same thing.

One piece of intrigue being discussed is that Trump's apparently joking remarks about the Fort Knox gold no longer being there might be a choreographed set-up to show that the gold is indeed NOT there (which it has to be possible he already knows, and would easily be able to blame previous administrations for).

If so, that'd create a global financial tsunami that many countries seem already well-prepared for with all their recent gold buying. So it might all be theater — and I'm laying no bets.