Germany
Starts a Central Bank Run
JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm
The Bundesbank Starts a Run on Gold
{ Yes, indeed … upon greater reflection, a 7 year wait to repatriate
German gold stored at u.s./new york fed, really is a cause for concern. The
question is not only whether it’s there (I doubt it!), not only whether what’s
there has been displaced (stolen) and supplanted with tungsten gold plate (at
best); but, even assuming arguendo it is still there (doubtful), given the
undeniable inherent american proclivity for fraud and theft, whether the
thieving american frauds will interpose some spurious pretext to preclude if
not exclude the possibility of return (the story of america’s foreign and
domestic policies in a nutshell). One really has to wonder as to the soundness
and rationality of Germany’s decision in answering, why fraudulent america and
not the renown, trustworthy and reputable Swiss Banks for storing their gold. }
Everything the Bundesbank does is close to perfection. The very fact that it is
calling in its gold is monumental in terms of questioning the "full faith
and credit" of the United States Treasury... Read
More...
‘For decades, half of Germany's
gold has been stored deep below the Federal Reserve Bank of New York.
Yesterday Germany demanded it be
sent back to the Fatherland.
According to the Huffington
Post:
The
Bundesbank's overall reserves of 3,400 tons are worth about $200 billion at
current market rates.
The
central bank now plans to bring back to Germany some of the 1,500 tons of gold
stored in the vaults of the Federal Reserve in New York, and all of the 450
tons currently stashed with the Bank of France in Paris.
Most
of Germany's reserves have been stored abroad since the Cold War over fears of
a Soviet invasion.
But
the central bank came under pressure last year when Germany's independent
Federal Auditors' Office concluded it failed to properly oversee its gold
reserves. The auditor suggested the central bank should carry out regular
inspections of the gold held abroad to verify its book value or change the
reserves' management.
The
auditors' report stunned Germany, where the Bundesbank routinely tops polls of
the nation's most trusted institutions. The central bank was taken aback and
maintained it didn't see the need for more scrutiny in overseeing the reserves,
saying "there is no doubt about the integrity of the foreign storage
sites.
Trust Us
The
Germans want their gold back because there are very real questions about
whether the U.S. still has it.
Here
is the report from the well-respected German magazine Spiegel, published
October 30, 2012:
Tourists
are allowed to venture below street level to see the vault. After descending in
an elevator, they stand in front of an enormous steel cylinder that pivots like
a door in a 140-ton steel-and-concrete frame. But not even the owners are
allowed to view their own gold. According to the Federal Audit Office report,
the Fed explained that "in the interest of security and of the control
process" no "viewings" are possible.
Finally, in 2007, "following numerous inquiries," Bundesbank staff
members were allowed to see the facility, but they reportedly only made it to
the anteroom of the German reserves.
In fact, auditors from the Bundesbank made a second visit in May 2011. This
time one of the nine compartments was also opened, in which the German gold
bars are densely stacked. A few were pulled out and weighed. But this part of
the report has been blacked out — out of consideration for the Federal Reserve
Bank of New York.
Musical Chairs
Back
on June 24, 2011, Ron Paul called a Congressional hearing to ask federal
officials about his bill to audit and inventory all of the gold reserves
at Fort Knox, West Point, and Denver.
According
to the Treasury's last audit in September of 2010, there are 9,300 tonnes of
gold in reserves.
During the hearing, Paul suggested the
Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the
ability to secretly sell or swap gold with other countries without anyone
knowing...
Stuff's
Getting Real
Last
year Venezuela repatriated 160 tonnes of gold that were held abroad, mostly in
Europe...
But
that was laughed off by Wall Street because we all know President-for-life Hugo
Chavez is a nutcase. The fact that he doesn't trust the global financial
markets is something most people can scoff at.
The
Bundesbank, however, is a different story. It's the Tom Brady of central banks.
Everything it does is close to perfection.
The
very fact that it is calling in its gold is monumental in terms of questioning
the “full faith and credit” of the United States Treasury.
The
Germans are the fist real actor in this game of musical chairs.
What will the butt-to-chair ratio be when the music stops?
There
is a limited amount of gold in the world. It is finite.
When
France, China, Russia, India, Chile, Israel, and Japan call in their gold,
there will be a public failure to produce the goods.
Which central bank will wait to be last?
The
Germans just made the first move in a global central bank-fueled bank run on
gold...
This
could end badly.
Sincerely,
Christian
DeHaemer
for Wealth
Daily
P.S.
Sign the White House petiton to audit Fort Knox.
Perform
an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net
of swaps, loans & sales.
As
of 12/31/2012 the U.S. Treasury claims to hold 261 million ounces of gold at
Denver, Fort Knox, West Point and at the Federal Reserve Bank of New York. This
bullion was last subjected to a full physical audit in 1953. The gold bars need
to be assayed and weighed. Once the gold is verified the paper trail must be
audited to determine who really owns the gold; i.e. how much has been loaned to
bankers and dealers and sold or swapped to non-Treasury entities including
foreign governments. The audit must include professional auditors outside of
the Mint, Treasury, GAO, Inspector General, and Federal Reserve system.
P.P.S.
In 2012, the Class A Board of Directors for the Federal Bank of New York was
Jamie Dimon CEO of JPMorgan.
P.P.P.S.
From Wikipedia:
-----
What Do German
Central Bankers Know That We Don’t?
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move
by Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
It
Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold
…The amount of gold the Fed supposedly holds, is shown
in yellow with a shade of tungsten. Why it will take the Fed 7 years to part
with an amount of gold that is less than 5% of its total holdings is anyone's
guess.
Bill
Gross Gets It { Gets what? Why is
this surprising? With $4 trillion gone missing (still) at the ny fed, americans
should not trust the ny fed. Germany’s move is totally rational. How can anyone
trust fraudulent, thieving americans with their money or gold, particularly in
the fraud capital of the world, new york city Michael Savage: Don't trust
feds on flu shot...{ Or anything else, for that matter. Indeed, from
my direct experience, the actions/inaction of the feds are geared toward making
one reliant/dependent upon them (ie., food stamps, faux disability,
unemployment comp extensions, ‘protection’ from rampant, blatant crime or
not, etc., despite america’s defacto
bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund
question everyone’s asking is, will they ever be able to put humpty dumpty back
together again? The newyork/jersey/conn tristate national drains (huge wall
street frauds, organized crime, and all etc.) feel slighted; yet, how can you
miss him? I’ve been waiting far longer for resolution to the corrupted process
regarding funds due and owing to me from primarily the corrupt tristate region,
the beltway’s no.virginia, and banana republic extraordinaire (the entire
nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike
Following Game... { Indeed! A LaPierre: ‘bad guys (criminals)
with guns can only be stopped by good guys with guns’. Moreover, I would add
that criminals will always have (and have access to getting) guns. To strip the
good, the innocents of their like defense against same is insanity. I hearken
back to and reiterate the (famed NRA truism and) reality that it’s ‘people that
kill people’ and the numerous examples he gave of armed defense being the only
real, true protection for those in need, as ie., children, etc., of protection
from the nefarious elements of our increasingly less than civilized society.
Let me also add from direct experience, if you’re relying upon, ie., the feds
and (corrupted) process, to protect and save your property, life, liberty and
happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
CONGRESSMAN WARNS OBAMA:
IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White House readies 19
executive orders on guns...
}
http://albertpeia.com/americagone.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
The unraveling of the Ponzi
Burrito begins..
http://albertpeia.com/germangoldgone.htm