- Relief Valve
- LECTURE 1: Why We Are In The Dark About Money
LECTURE 2: The Con
- The Banker Explained - The Wizard of Oz
- Why Do We Need Banks?
- What Bank Supervision?
- Banks Too Big To Fail
- Banks Cheat
- Banks and Money Laundering
- Banks Sell Drugs
- Money is NOT the same as Currency
- Currency Markets Are Rigged
- HFT High Finance Trading Predators
- London Gold Fix Proof of Bank Manipulation
- QE Quantitative Easing
- A Trust Deficit Caused by Predator Bankers' Secrets
- HSBC The Pirate Bank
- HSBC The Dirtiest Bank
- Banks Role in Terrorism
- The Octopus
- The First Banks in America
- History of Banking – Index (by date)
- Wealth Distribution and Why do the Rich Get Richer?
- Learn How Lobbyists Buy Politicians
- Commerce Without Conscience
- The Shattered American Dream
- United States Treasury Department
- About Gold and Fort Knox
- Paying Taxes in April
- Lecture 2 Objectives and Discussion Questions
- LECTURE 3: The Vatican-Central to the Origins of Money & Power
- LECTURE 4: London The Corporation Origins of Opium Drug Smuggling
- LECTURE 5: U.S. Pirates, Boston Brahmins Opium Drug Smugglers
- LECTURE 6: The Shady Origins Of The Federal Reserve
- LECTURE 7: How The Rich Protect Their Money
- LECTURE 8: How To Protect Your Money From The 1% Predators
- LECTURE 9: Final Thoughts
DON'T ALLOW ANYONE TO TELL YOU GOVERNMENTS DON'T USE GOLD FOR MONEY
Henri Cartier-Bresson’s photo of rush to retrieve gold from Shanghai bank on eve of the communist takeover in 1948
"tin foil" hat
and "conspiracy theorists"
have been correct all along.
About one-fifth of all the gold held by the world’s governments is in London
The Bank of England vaults alone hold 5,134 tonnes, including the official reserves of the UK Treasury and the vast majority of the physical gold traded in London. Gold owned by 30 other countries is also in these vaults along with the hoards of about 25 banks. So much gold is kept in Britain’s capital partly to keep it near where the metal is traded. It’s also a reflection of the security of London’s vaults.
Deutsche Bank - one key player has admitted to rigging the precious metals markets.
4/16/16 admitting to defrauding us of hundreds of millions of dollars through price-rigging, Deutsche Bank named two other institutions as co-conspirators in the fraud, HSBC and that venerable Canadian "Big Five" bank, The Bank of Nova Scotia. The most notorious cartels in global financial history ("The Big Five Canadian Banking Cabal") has been NAMED in the settlement.
Deutsche Bank to settle U.S. silver price-fixing litigation Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world's largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix. According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating U.S. antitrust law.
'Expect gold prices to continue to rise' The video is 5 1/2 minutes long
In India broadcast, GATA secretary slams central bank gold rigging and ETFs/ Deutsche Bank, reached a settlement in US litigation, which accused the banking institution of manipulating the gold markets on an ongoing basis.
Video of your secretary/treasurer's interview with The Times of India's television network, ET Now, "... wherein your secretary/treasurer asserted that there is no telling where the gold price will go without first ascertaining the policies and surreptitious intervention of the primary participants in the gold market, central banks, and that gold exchange-traded funds are mechanisms of price suppression operated by big investment banks operating on the instructions of central banks."
London Gold Fix Proof of Bank Manipulation
10/3//16 Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Reports & Gold Bar List
After years of gradually securing its official gold reserves (unwinding leases) the central bank of Austria claims to have completed the audits of its 224 tonnes of gold stored at the BOE. However, it refuses to publish the audit reports and the gold bar list. What could possibly be so sensitive to hide from public eyes?
How Much Gold Was Under WTC Complex?
In the aftermath of the devastating attacks on 9-11, DePrisco was assigned to the Office of Emergency Management to assist in recovering precious metals buried in a two-story vault beneath the rubble of World Trade Center (WTC) Building 4 and transfer it to another vault at the Brooklyn Naval Yard World. He said the operation began on October 16, 2001 and lasted for two days.
DePrisco reminisces about the moment he walked into the vault. He said, “Walking into that vault . . . was like a scene out of [the James Bond movie] Goldfinger . . . endless neat stacks of gold, silver and platinum bars. A half-billion dollars worth.”
The fate of nearly $1 billion worth of gold, silver and other precious metals stored beneath the WTC before 9-11 continues to baffle many. To this day, only $230 million has officially been accounted for. All of that was retrieved from the previously mentioned, two-level, 6,000-square-foot vault maintained by the Bank of Nova Scotia. They reportedly lost $200 million in gold as a result of the attacks. However, other estimates suggest there was an additional $750 million worth of precious metals that may have been stored in other vaults or hurriedly evacuated from the Nova Scotia vault before the skyscrapers came down. According to a November 1, 2001 article in London’s The Times: “The Comex metals trading division of the New York Mercantile Exchange kept 3,800 gold bars—weighing 12 tons and worth more than $100 million—in vaults in the building’s [apparently Building 5—Ed.] basement. Comex also held almost 800,000 ounces of gold there on behalf of others with a value of about $220 million. It also held more than 102 million ounces of silver, worth [an estimated] $430 million.” The Times piece also reported that some of the recovered gold may have been found outside this vault. “The gold, which was discovered . . . was being transported through the basement of the building on the morning of September 11,” reads the article. “Recovery workers reached a service tunnel and discovered a 10-wheel [truck] and a number of cars [that] had been crushed by falling steel.”
What's at Fort Knox besides gold, silver and bullion? #FOIA found out
Where is My Gold? The gold may be in order. The gold may not be in order.
But either way, gold bugs around the world are winning unprecedented concessions from their governments, and gold is streaming out of 33 Liberty St. and across the Atlantic. “London good delivery” standard. Such gold is at least 99.5 percent pure and comes in bars of roughly 400 troy ounces, or 12.44 kilograms. They must bear certain marks, such as year of manufacture, and have sides that measure within specified dimensions.
The German Bundesbank will meet its target of 300 tons returned by 2020 from NY. In 2014 there were still 1,447 tons of German gold under Manhattan.
June 17, 2015: The State of Texas has signed a bill that calls for the repatriation of their gold from the Federal Government.
When asked what would happen if the government tried to steal back the gold, State Representative Giovanni Capriglione said this: There is a motto in the office of almost every state legislator in Texas, and it’s a flag that we have [from the Texas Revolution], it’s below a cannon and what the motto says is, “Come and Take it.” Governor Greg Abbott is building a depository for gold and said he wants to repatriate $1 billion worth of it from the Federal Reserve of New York. But the gold that lawmakers want to repatriate is actually about $350 million short of $1 billion, and it also doesn't belong to the state but to the University of Texas Investment Management Co., according to the report.
10/7/15 Germany made a 2,300-page list detailing every single bar of gold it owns
The German central bank released a full list of every single one of its gold bars, held in Germany, England, France, and New York. Back in 2012, federal auditors in Germany asked the central bank to take stock of all of its physical gold held outside the country. The bank refused, sparking questions about the existence of the gold. As Bloomberg reports, a whole "Repatriate our gold" movement sprung up in Germany. And in 2013, the Bundesbank actually did begin repatriating gold from vaults in the United States and France. The report shows that one third of its reserve is now held in Germany at the Bundesbank in Frankfurt. The Bundesbank said it will update the report annually, and plans to hold half of its reserves in-house by 2020. Until then, we know where to find it.
3/10/15 Venezuela discussing gold swap with Wall Street banks
Venezuela's central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves, according to government sources familiar with the operation. The move would help the government of President Nicolas Maduro boost its hard currency position as the OPEC nation struggles with soaring consumer prices, chronic product shortages and a shrinking economy caused by low oil prices. Under the swap, the central bank would provide 1.4 million troy ounces in exchange for cash, said a central bank source. After four years, it would have right of first refusal to buy the gold back, added the source, who asked not to be identified. The ongoing talks involve at least two institutions, Bank of America and Credit Suisse, the source told Reuters. The banks and Venezuela's central bank did not immediately respond to requests for comment. "Work is being done to complete this operation toward the end of April," said another source, linked to Venezuela's finance ministry. Venezuela would have to pay interest on the funds but the central bank would most likely be able to maintain the gold as part of its foreign currency reserves. Most of Venezuela's reserves are held in gold after late socialist leader Hugo Chavez began moving central bank assets away from the dollar in the wake of the 2008 global financial crisis.The central bank in late 2013 received proposals to carry out a similar operation, the bank's chief said at the time, but denied any agreements had been completed. The Maduro administration faces a cash crunch due to a combination of low oil prices and hefty debt payments including the maturity of a 1 billion euro bond this month and coupon payments of nearly $700 million in April.
US researchers are investigating ways to extract the gold and precious metals from human feces.
The group identified gold in waste from American sewage treatment plants at levels which if found in rock could be worth mining. Details were outlined at the 249th national meeting of the American Chemical Society (ACS) in Denver. Extracting metals from the waste could also help curb the release of toxic substances into the environment. "The gold we found was at the level of a minimal mineral deposit," said co-author Dr Kathleen Smith, from the US Geological Survey (USGS). In addition to gold and silver, human waste also contains amounts of rare earth metals such as palladium and vanadium. "We're interested in collecting valuable metals that could be sold, including some of the more technologically important metals, such as vanadium and copper, that are in cell phones, computers and alloys," said Dr Smith. The team estimates that seven million tonnes of solid waste come out of US wastewater facilities each year. About half of that is used as fertiliser on fields and in forests, while the other half is incinerated or sent to landfills. The scientists are experimenting with some of the same chemicals, called leachates, which industrial mining operations use to pull metals out of rock. While some of these leachates have a bad reputation for damaging ecosystems when they leak or spill into the environment, Smith says that in a controlled setting - they could safely be used to recover metals in treated solid waste. In a previous study, another team of scientists calculated that the waste from one million Americans could contain as much as $13m (£8.6m) worth of metals.
World's biggest trove of gold
Witwatersrand gold deposits formed by volcanic rain, anoxic rivers and Archaean life
Gold doesn’t react with air or water, gold always glitters, even in shipwrecks lost for centuries. It’s so dense - 19.3 times heavier than water that when you lift an ingot, the disconnect between what your eyes see and your hands feel produces an odd sensation, as if you’re on a planet with a stronger gravitational pull. A standard central bank gold bar is a bit smaller than two soda cans stuck together end-to-end but weighs about 27 pounds.
Less than 175,000 metric tons (386 million pounds) of gold have been mined in all human history, according to the World Gold Council. Melt it all down—King Tutankhamun’s death mask, the bars in Fort Knox, your wedding ring—and it would form a cube 21 meters on each side, reaching just one eighth the height of the Washington Monument. A 1-kilogram gold bar is the size of a flip phone and could buy a BMW.
Speaking in October 2014 at the Council on Foreign Relations, former Federal Reserve Chairman Alan Greenspan said gold is so universally treated like money itself, it’s as if it’s “inbred into human beings.” The fact that gold can be touched means, of course, that it can also disappear.
THE GOLD STANDARD
What is The Gold Standard? Video's by the St. Louis Fed tells the story.
The U.S. and many other economies left the gold standard more than 40 years ago, yet advocates periodically call for its return, saying that it would curtail or prevent inflation. In this Timely Topics from the St. Louis Fed video series, David Andolfatto, a vice president and economist with the St. Louis Fed, explains the gold standard and discusses its pros and cons.
When they first started to use paper money it was backed by Gold.
If they have a million dollars in Gold they could print a million dollars in paper money. This was easier than using gold to buy things because the paper was actually a note that represented gold that the bank actually had. If you took all the money the bank issued and took it back to the bank you could give it to the bank in exchange for all the gold the bank had to back the paper money. This is how paper money began.
Then they start to implement laws that allowed the central banks to issue more paper than they had gold to back it. This is fractional reserve banking. With this system the banks still had to have a fraction of gold for the paper money they lent to people and governments. Over time they implemented laws that made the fractions of paper to gold lower and lower so now the central banks can lend as much paper money as they want with out any gold backing it. The central banks actually can create infinite amounts of paper money from nothing. The more money they create the higher the inflation. Inflation is actually deflation of the money currently in circulation.
War = Profits
During times of war (war on terror) the central bank (Federal Reserve) creates large amounts of money from nothing to pay for the war and lend it to the (U.S.) government. If the U.S. government has to borrow a trillion dollars to fight the never ending War on Terror the central bank can create this money from nothing and lend it to the government and charge them interest. The interest will be paid for by the people's taxes.
Almost half of Germany’s gold resides at 33 Liberty St., the headquarters of the Federal Reserve Bank of New York, 80 feet below street level in a vault that sits on Manhattan’s bedrock.
United States Bullion Depository
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located adjacent to Fort Knox, Kentucky, used to store a large portion of United States official gold reserves and occasionally other precious items belonging or entrusted to the federal government. The United States Bullion Depository holds 4,578 metric tons (5,046.3 short tons) of gold bullion (147.2 million oz. troy). This is roughly 3 percent of all the gold ever refined throughout human history. Even so, the depository is second in the United States to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), some of it in trust for foreign nations, central banks and official international organizations.
In 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, which outlawed the private ownership of gold coins, gold bullion, and gold certificates by American citizens, forcing them to sell these to the Federal Reserve. As a result, the value of the gold held by the Federal Reserve increased from $4 billion to $12 billion between 1933 and 1937.
During World War II, the depository held the original U.S. Declaration of Independence and U.S. Constitution. It held the reserves of European countries and key documents from Western history; for example, it held the Crown of St. Stephen, part of the Hungarian crown jewels, given to American soldiers to prevent them from falling into Soviet hands. The repository held one of four copies (exemplifications) of the Magna Carta, which had been sent for display at the 1939 New York World's Fair, and which, when war broke out, was kept in the United States for the duration. During World War II and into the Cold War, until the invention of different types of synthetic painkillers, a supply of processed morphine and opium was kept in the Depository as a hedge against the United States being cut off from the sources of supply.
Fort Knox is a United States Army post in Kentucky south of Louisville and north of Elizabethtown.
Fort Knox is the House of Installed Warfare, has supported as a US army set up since 1918. Throughout this period it has performed a important role in the growth of army techniques, doctrine, and has conducted an important part of the coaching for the active Military and Military Source. Fort Knox Army Base is located at 127 6TH Avenue STE 202, Fort Knox, Kentucky 40121, United States. You can contact Fort Knox Army Base by phone at phone number +1 502-624-1181.
The 109,000 acre (170 mi.sq, 441 km.sq) base covers parts of Bullitt, Hardin, and Meade counties. It currently holds the Army human resources Center of Excellence to include the Army Human Resources Command, United States Army Cadet Command and the United States Army Accessions Command. It was the home, for nearly seventy years (1940--2010), of the U.S. Army Armor Center, the U.S. Army Armor School (now at Fort Benning), and was used by both the Army and the Marine Corps to train crews on the M1 Abrams main battle tank. The history of the US Army's Cavalry and Armored forces, and of General George S. Patton's career, can be found at the General George Patton Museum on the grounds of Fort Knox. Parts of the base in Hardin and Meade Counties form a census-designated place (CDP), which had a population of 12,377 at the 2000 census.
The Nixon Shock was a series of economic measures taken by United States President Richard Nixon in 1971 including unilaterally canceling the direct convertibility of the United States dollar to gold. It helped end the existing Bretton Woods system of international financial exchange, ushering in the era of freely floating currencies that remains to the present day.
1993 Fort Knox Vaults Harbor Millions In Opium, Morphine -- Stockpile Held For Emergencies
The glittering vaults of gold at Fort Knox and West Point, N.Y., harbor a deep secret: enough black opium and white morphine to satisfy the legal needs of the entire nation for a year. Since 1955 the drugs have been part of the nation's strategic reserves and were intended to tide the country over if foreign opium supplies were cut off in an emergency. With the end of the Cold War, the huge stores of narcotics no longer make much sense, Defense Department officials say. But Congress won't let the department sell the drugs. So officials are investing another $7 million to preserve the unneeded drug stores, making the sale of the $23 million worth of narcotics even more unlikely and difficult.
The Defense Department has had better luck selling some of the other commodities stored in the bullion depositories. On June 11, the agency sold 932,806 carats of diamonds for $77 million. Another 500,000 carats of natural diamonds will be offered for sale Sept. 24 in large lots. The diamonds vary in size from very small to 10-carat gems.
The Defense Logistics Agency, which is charged with stockpiling strategic materials, contracts with the U.S. Mint to store the most precious in the depositories. Since Treasury officials don't offer tours of the gold vaults, the drugs have been secret for years. Mint officials refused to discuss the drugs, referring all questions to the Defense Logistics Agency. Bob O'Brien, deputy administrator of the agency's Defense National Stockpile Center, confirmed that the drugs were stored in the vaults - next to 147 million troy ounces of gold in Fort Knox and another 60 million troy ounces of gold at West Point. Although the stockpile of narcotics is designed to tide the country over in the event foreign opium supplies are cut off, an extended interruption is now unlikely. U.S. drug companies once bought nearly all of their opium from India and Turkey. But a new method of opium production developed in the early 1970s led Australia, Hungary, France and Yugoslavia to get into the business of exporting concentrated poppy straw. Commerce with all these widely dispersed nations would have to be interrupted before the agency's stockpile would be needed. And if a nuclear war did stop trade, the devastation would make the drug stockpile difficult to use anyway. The opium and morphine would have to be transported out of the depositories to drug manufacturers for further processing and then distributed to hospitals - an almost impossible task in a country devastated by nuclear weapons. Glenn Flood, a Department of Defense policy spokesman, acknowledged that the huge stores of narcotics don't make sense anymore. But the government might be stuck with the drugs for years to come.
The agency has 68,269 pounds of opium and morphine stored at Fort Knox and West Point, an amount that could satisfy the nation's legal needs for about a year, according to the latest figures by the United Nations International Narcotics Control Board. Federal law precludes the agency from selling anything out of its stockpile in quantities that would hurt domestic producers, Offenbacker said. And the government has more than enough morphine to hurt domestic manufacturers of the drug if it were all dumped on the market. The agency could have sold its opium before it was processed into morphine. The sales might have depressed the world opium market, but since there are no domestic producers of opium, no American company would have been hurt.
Instead, the agency contracted with the NORAMCO 500 Swedes Landing Rd. Wilmington, DE 19801 http://www.noramco.com/ to convert the remaining opium into morphine sulphate. The conversion means the agency will have to hold onto the drugs for years or destroy them and lose the multimillion-dollar investment. Officials said they don't have a choice. Without Congress' authorization to sell the drugs, the agency decided it had to convert its aging opium into morphine or the opium would have become useless, Offenbacker said.
PART 1301 — REGISTRATION OF MANUFACTURERS, DISTRIBUTORS, AND DISPENSERS OF CONTROLLED SUBSTANCES
James Bond in Goldfinger
GOLDFINGER (Guy Hamilton, 1964) - My grandfather built the model of the U.S. Bullion Depository at Fort Knox used in the film. My grandfather worked on Goldfinger (1964. In the 1959 Ian Fleming novel Goldfinger, the titular villain, Auric Goldfinger plots to break into the U.S. Bullion Depository in a criminal plot called "Operation Grand Slam". With the help of several gangsters (including the Spangled Mob and the Mafia) Goldfinger plans to kill the inhabitants of Fort Knox by poisoning their water supply and then steal the gold. Bond manages to conceal a capsule containing a message to Felix Leiter into the toilet of Goldfinger's private plane, where he hopes it will be found and sent to Pinkertons, where his friend and ex-counterpart Felix Leiter now works. Operation Grand Slam commences, and it turns out that Leiter has indeed found and acted on Bond's message. A battle commences, but Goldfinger escapes.
Where did 007 author Ian Fleming gain his inspiration for the raid on Fort Knox in his best-selling novel Goldfinger?
Fleming worked for the British Admiralty’s Naval Intelligence Department (‘NID’) during the Second World War, and it is more than likely that the highly imaginative future thriller writer, who had access to many secret ‘Eyes Only’ files during the course of his NID work, came across some information about the Bank of England plot, and this fired his curiosity. It is well-known that Fleming used many ideas in his later post-war James Bond novels that were inspired by the extensive intelligence-related knowledge he had picked up during his wartime desk duties. It is certainly quite possible that the Bank of England plot may have influenced the Fort Knox plan in Fleming’s seventh Bond novel Goldfinger. Andrew Cook told the British press in 2009: ‘We will never know for certain, but I believe that is where Fleming got the inspiration for Goldfinger‘. Cook added: ‘Fleming no doubt found out about the real-life plot against the Bank of England in 1914 and simply transposed it to America where the equivalent target would be Fort Knox’.
In 2009, some research by a historian raised an interesting question about where Ian Fleming possibly gained his idea from for the plot at the heart of his novel. Did the Bond creator draw his inspiration from his knowledge of a real-life plot to blow up the Bank of England in central London?
This was the intriguing and controversial thesis put forward by historian Dr. Andrew Cook, and it formed the basis of a British Channel-5 TV documentary that was screened in July, 2009, narrated (very appropriately) by Honor ‘Pussy Galore’ Blackman. Cook also contributed a tie-in article on his research to the British espionage magazine Eyespy, entitled ‘The Real Goldfinger’. Not all historians accept Cook’s arguments, but they still provide interesting food for thought for Bond aficionados.
On His Majesty’s Secret Service
So, what was Dr. Cook’s evidence? Documents discovered by Cook, who is a specialist in intelligence history, indicated that Ian Fleming’s Fort Knox plot may have been based on the 007 author’s knowledge of a real-life plot by German intelligence agents to blow up the Bank of England back in 1914, and thereby disrupt the British economy. Fortunately, the dastardly plot, which was led by the German Kaiser’s favourite spymaster Gustav Steinhauer (1870-1930), was foiled by the Secret Service Bureau, the predecessor of both MI5 (the Security Service) and MI6 (the Secret Service).
The Bureau had been set up in 1909, consisting of a ‘domestic’ section (the foreunner to MI5) and a foreign section (the forerunner to MI6). The Bureau also included a ‘Special Section’, with just eleven men, which was solely devoted to monitoring German spies, and was run by former Metropolitan Police ‘Special Branch’ chief Sir William Melville (who, interestingly, was known as ‘M’).
Melville (1850-1918) had been a highly successful Special Branch Inspector during his career, helping to fight Irish nationalist terrorism and also plots by anarchists. His plain-clothes duties had also included guarding Queen Victoria, and he had later been the King’s personal bodyguard. After 32 years of police service, he had retired from the Police Special Branch in 1903. However, he had not really retired; he had been secretly recruited into a new section of the War Office, designated ‘MO3′ (later redesignated ‘MO5′). In 1909, this section had been absorbed by the new Secret Service Bureau, and became the ‘Special Section’.