Gold and bonds

Here we go again. Someone puts up an idea, supports it with photos, auto-sceptics come in and ‘debunk’ him, anyone even discussing him is lumped in as being in support and mud sticks. Standard pattern.

Question, if he’s a fraud, what’s his motivation?

1. Nutter;
2. Disinformation to discredit;
3. He’s a fraud but the material is not, at least in part;
4. The real story is much bigger but more grubby than the stated story.

First stop for me is always the sceptic press and here’s one such site. There’s a question by one sceptic and a response by another:

Q:  As you can see he clearly  gets upset and gets emotional about the whole thing ,even if he does go on the crazy side by claiming that the drone founded in Iran was given to them by aliens.  But what I’m saying, is that for the first time, has a conspiracy theorist managed to uncover a great secret that could change modern society?

A:  Nope.

The answer-giver is a complete richard, a non-comp.  He doesn’t feel his own position requires any backing up, he doesn’t apply the test of scientific stringency to himself, he just goes with the umbrella protection of being a ‘rationalist’, such as these self-proclaimed hardheads think they are.

Now I’m not saying that I buy the story myself, which we’re coming to by degrees but I prefer the sceptic who asked the question – at least he’s agnostic on the matter.

On the one hand, we have photos of U.S. government bonds and bond boxes [see top and bottom photos].  The boxes seem real enough.  This is accompanied by a story about a Dragon society and the main thrust is that for a thousand years or more, the gold of the world was progressively hoarded in China.  Somehow, the Kuomintang shifted it to Taipei and the Japs wanted to get their hands on it.  The U.S. were then complicit in getting their hands on it by issuing bonds which were then never honoured.

The last bit does sound like something the PTB would do and mention of Bretton Woods does raise all sorts of spectres of collusion – that’s a separate topic.  Given the real motivation for Libya, Iraq and Afghanistan, along with all the other anomalies at this time with the crims above, it’s not hard to run with this idea.

The issue is that David Wilcock does not have a good name.  In the Icke mould in many people’s eyes, he’s so easily vilified, rightly or wrongly – google him with the word fraud tacked on and you’ll see what I mean.  Did he really say he was some historical character reincarnated?  That won’t go down well.  I’m not saying anything about reincarnation or Planet Nibiru or lizards because if you’re going to speak of the latter, there’re still the bible’s Nephilim to explain away.

My position is that I don’t know and can’t know.  Full stop.  Period.  I’ll extract from the post and comments that which seems hard evidence:

#  Adam Smith and what he really said:

# The Italian fake bonds:

# The trillion dollar lawsuit – note the defendants [pdf]

#  The Fed and the government:

#  Thanks to heroic efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we now know that the Federal Reserve secretly lent out 26 trillion dollars’ worth of American money from 2007 to 2010 — much of it to foreign banks.

#  The bottom line here is the bailing out of foreign banks:

The results of the first audit in the Federal Reserve’s nearly 100-year history were posted on Senator Sanders’ webpage earlier this morning:

# The GDP of the United States is … $14.12 trillion.

#  In early November:

Congressman Bernie Sanders revealed that in addition to handing out 16 trillion dollars, (not counting the ten trillion in “currency swaps” Congressman Grayson pointed out), the Federal Reserve also owns the financial agencies they are supposed to be regulating:

The GAO [audit] also revealed that many of the people who serve as directors of the 12 Federal Reserve Banks come from the exact same financial institutions that the Fed is in charge of regulating.

Further, the GAO found that at least 18 current and former Fed board members were affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis.

# Bloomberg claimed:

At their peak, these seven programs represented $1.2 trillion in loans to banks and financial institutions — the high-water mark of a massive, systemic bailout whose details the country’s central banking authority has not always seemed eager to divulge….

# This much is corroborated:

In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.

The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

Derivatives played a crucial role in bringing down the global economy [in 2008], so you would think that the world’s top policymakers would have reined these things in by now — but they haven’t.

#   With 114,825,428 households in the US:

It would only take one payment of 275 billion, 581 million dollars to guarantee the savings of all American citizens. The Fed’s secret bailout of 26 trillion dollars was nearly 100 times greater than that.

#   The United States Department of Defense handed out 721.3 billion dollars in Fiscal Year 2011 alone.

This does not include 20.9 billion for Atomic Energy Defense activities, nor 124.5 billion in veterans’ benefits, nor 10.1 billion in foreign military aid, nor 44.1 billion in foreign economic aid, nor 7.5 billion in defense-related activities.

There are supposedly over 330,000 defense contractors receiving this income.

The top 100 defense contractors in 2010 only earned about $129.48 billion, based on a rough, approximate calculation — out of a total Department of Defense expenditure of 692 billion for that year. That still leaves 562.5 billion dollars unaccounted for.

# J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper:

… that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US.

They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London;the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches.

He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York.

Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3] The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The assertion is that there was much in gold bonds in the Philippines and that some sort of double-cross was/is going on where the U.S. is not coughing up the gold now that the bonds are to be redeemed.  The U.S. said the bonds were faked and let’s accept that at face value for now.   So who faked them?  Go back to Glenn Beck’s guest.  It also assumes that the U.S. is in a position to officially pay back bond holders.

Can’t make a lot of this one:

Twenty ‘gold’ bars found in a case on a train near Paris last week have been found to be fake.  A suspect package on board a RER train at Massy-Palaiseau station was examined by the bomb squad and found to contain what seemed to be 20kg (44 lb) of gold.

French police have now established that the bars are made of a base metal – with a thin coating of gold.  The ingots would have been worth around 800,000 euros ($1m; £670,000) if they had been genuine.  Police in Palaiseau, south-west of Paris, told Reuters news agency that they were not ruling out the possibility that the fake bars were part of a scam – in light of the worldwide demand for gold.

There have been tales of fake gold bars for some time.  Here’s a more detailed one about the U.S. allegedly scamming the Chinese [or was it the other way around?]  I’ve read one financial blog pundit say, “Rubbish, it would never happen,” and the obvious rejoinder is – where’s the evidence that they haven’t?  Not saying they haven’t but I need more than just assertion.

At a minimum, there’s a lot of buying and selling, using gold as collateral or payment.  Someone’s tried to scam someone else along the way.  $134 billion?  At a maximum, there’s a mass withdrawal of gold, money, food/water and other commodities going on, along with mass scamming, e,g, OTC derivatives.  The regulators are receiving largesse as members of the organizations they’re regulating.

By any normal standards, there is mass criminality going on up top, even by their own skewed regulations and they obviously feel it can be done with impunity.  Where does that leave us, with the middle-class fast disintegrating and joining the poor?

Effed over.

[H/T Rossa]

1 comment for “Gold and bonds

  1. Rossa
    January 25, 2012 at 09:35

    As Tyler says in this post “To think: so much trouble for a little tungsten…”

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