THE QUESTION THAT WON’T
GO AWAY: GERMANY’S GOLD: AN UPDATE http://gizadeathstar.com/2012/11/the-question-that-wont-go-away-germanys-gold-an-update/
November 18, 2012 By Joseph P. Farrell Leave a Comment
As
you know, I’ve been following the Bearer Bonds Scandals, and the German gold
audit story, for some time on this website, and many of you are likewise doing
so, and now sending me information. Well, this one comes from a reader of this
website, and it came to me as I was scheduling this two weeks’ worth of blogs.
In a post a few days ago I pointed out how Zero Hedge, in an article on the
German gold audit, suggested strong evidence that the Bank of England had been
involved in a scheme to defraud the Bundesbank of its gold, by shipping
subpar gold to the German central bank.
Well,
now it seems that there is further confirmation of this story:
I
hope you caught the end of this article and those significant paragraphs, but
in case you didn’t, here they are once again:
“And
while others engage in click-baiting using grotesque hypotheses of grandure
without any actual investigation, reporting or error and proof-checking to
build up hype and speculation, which promptly fizzles and in the process
desensitizes the general public and those actually undecided and/or on the
fences about what truly goes on behind the scenes, Zero Hedge travelled
(metaphorically) in space – to London, or specifically the Bank of England Archives – and in time, to May 1968 to
be precise.
“While
there we dug up a certain memo, coded C43/323 in the BOE archives, official title
“GOLD AND FOREIGN EXCHANGE OFFICE FILE: FEDERAL RESERVE BANK OF NEW YORK
(FRBNY) – MISCELLANEOUS”, dated May 31, 1968, written by a certain Mr. Robeson
addressed to the BOE’s Roy Bridge as well as its Chief Cashier,
and whose ultimate recipient is Charles Coombs who at the time was the manager
of the open market account at the Fed, responsible for Fed operations in the
gold and FX markets.
“This
memo, more than any of the other spurious and speculative accusation about
Buba’s golden hoard, should disturb German citizens, and of course the
Bundesbank (assuming it was not already aware of its contents), as the memo lays
out, without any shadow of doubt, that the BOE and the Fed, effectively
conspired to feed the Bundesbank due gold bars that were of substantially
subpar quality on at least one occasion in the period during the Bretton-Woods
semi-gold standard (which ended with Nixon in August 1971)” (Emphasis in the
original)
Now
this is more than just hugely significant, for the implication here is that two
of the world’s most important, and largest central banks – the Bank of England,
and the Federal Reserve, or at least, its New York Branch – are involved in an
international scheme of fraud. But to what purpose?
I
have been suggesting, along with Catherine Austin Fitts and some others, that
we are looking at a hidden system of finance, a huge slush fund, that funds covert
operations and activities of all sorts. Given the role of the Exchange
Stabilization Fund, part of this operation antedates World War Two, and indeed,
if one recalls the pithy observations of interwarReichsbank president Hjalmar
Schacht, it isn’t the first time the Anglo-American bankers were playing
fast and loose with Germany’s gold. Schacht, it will be recalled, dismissed the
whole thing as “an amusing incident,” but he was far too byzantine a man to
ignore the effect of his words on “those in the know.” Interesting that his
niece wound up marrying SS Lt. Col. Otto Skorzeny, and that Schacht himself
ended up working for….Aristotle Onassis. Draw what connections or conclusions
from that strange constellation as you will.
In
any case, I digress: what we are looking at is something indelibly intertwined
with the postwar American national security state, and therefore, indelibly
intertwined with its military-industrial-intelligence complex. So it is,
perhaps, time to speak in a parable, or via an analogy. If one puts a certain
amount of electricity into a circuit, a large portion of that input should
appear at the load end of the circuit. We may call this electricity,
“Quantitative easing.” With all the quantitative easing going on over the last
few years, where’s the Weimar style inflation so confidently predicted by some
many pundits that should have appeared long before now?
….unless,
of course, the current is going somewhere else, and the load end isn’t where we
think it to be….
Read more: THE QUESTION THAT WON'T GO AWAY: GERMANY'S GOLD: AN UPDATE
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