Fort Knox Gold is Gone

Although it is not news to long time readers of The American Chronicle, the knowledge of Fort Knox’s divestiture of gold by US politicians is going main stream. Well connected hedge fund manager William Kaye of Hong Kong told King World News this week that the US Treasury’s claims of owning 8000 plus tons of gold is an outright lie.

 

We reported earlier Jim Willie’s shocking revelation that Fort Knox is perhaps the world’s largest repository of nerve gas, its gold having long been stolen by senior government officials in order to suppress the price of gold and to line their pockets.

 

But the chorus of dissent among official Washington’s legion of liars grows louder. Kaye relayed the word from his many contacts in the gold world that much so-called sovereign gold has come through one of the world’s largest gold refiners to be melted down for transference to Asian powers.

 

One would think that the Germans would have learned the hard way that most politicians are liars, but one would be grossly mistaken. The recent demands by the Bonn government for return of its gold are laughable. Not only have the bullion banks, most notably JPMorgan Chase, told the Germans they would have to wait 7 years for a small fraction of their gold, but it was melted down long ago, with no hope of ever recovering it.

 

Many schemes for stealing the barbarous relic have been implemented by politicians since the 1960s when the London Gold Pool was established to suppress the price of gold. The most outrageous scheme involved Bill Clinton and Robert Rubin, then Secretary of the Treasury. Clinton came into office vowing to manage finances like a Republican, keeping an eye on bond prices as an indicator of inflationary pressures.

 

This provided cover for Wall Street vulture Rubin to take over the gold supply. The duo shipped out massive quantities of gold plated tungsten as the supply of pure, or even 90% gold stolen by Roosevelt under scaremongering during the Depression, was inadequate to quell the price.

 

The US Treasury used the mechanism of gold leasing to its client banks such as Goldman Sachs and JPMorgan Chase. It is much like a repo loan in that the Treasury would lend the gold in exchange for cash, but without having any term associated with it. Since officially the Treasury was loaning, rather than selling the gold, it could continue to claim it as an asset on its balance sheet.

 

But in fact, it really wasn’t the Treasury’s gold to lease since the Treasury had turned over its gold to the private banking cartel of the Federal Reserve. Thus the Federal Reserve supplied the physical gold to its member bullion banks who in turn sold the gold at a tidy profit on the open market, usually overseas in Asia.

 

Zero Hedge has reported recently that JPMorgan Chase’s gold supplies are at their lowest levels on record, below 770,000 ounces, and accounts for 80% of physical gold deliveries.

 

Why the run on gold when everyone knows that it is barbarous relic? National governments have stolen so much gold from allocated gold accounts and safety deposit boxes that no one trusts the home of the Whale Trade to safe keep his gold. If the bank can steal Germany’s gold, what barrier is there to keep it from stealing a small time depositor?

 

The Swiss National Bank, among many others, has been the leading thief of Swiss held gold. Although very little publicity has been raised about the thefts, large lawsuits are being pressed against the criminal banks.

All of these desperate and criminal activities speak loudly to the fact that gold is in severe and permanenent backwardation, meaning that the spot price of gold is higher than the forward months' future prices. Those denying this observation have pointed to the paper price of gold for refuting our claims. Unfortuantely the paper price of gold is not a reflection of its true price, and is indeed a highly manipulated value.

But recently even the paper prices have shown backwardation, an ominous sign of a breakdown in the criminal cartels' controls of the gold price. But the problem associated with backwardation is extensive economic destruction as price and pathways through price discovery collapse. It is not at all a good sign. The Great Depression of 2008 continues.

 

Thus the stage is set for the great gold bull market. The last 10 years were a warm up. The next 10 years will see an exceptional explosion in its price, although it will not happen overnight. The perfidy of American politicians, sponsors of the continuing 1000 year Reich, those ever loyal Citizens of the World, is greater than anything dreamed by Benedict Arnold.

 

 

Reference
King World News, Game Over - “It’s All A Farce, The Fed & German Gold Is Gone,” July 9, 2013

Copyright 2013 Tony Bonn. All rights reserved.

Rob Kirby: The Rest of the (Gold) Story

Left: Image of tungsten gold reported in news video posted on Run To Gold.

When a video of tungsten filled gold bars hit the internet a few months ago, many thought that they had found the smoking gun to the rumors which had started even weeks before when certain writers alerted the world that LBMA Good Delivery bars were in fact frauds. But alas pulling on the roots of evil brings up a clump of dirt as Rob Kirby reports in his latest article, The Rest of the Story as carried by Zero Hedge. The connections he traced surprised even us.

Financial analyst Rob Kirby reported in 2009 strong evidence of fake gold bars which were gold plated tungsten found in the vaults of an Asian bank. Tungsten has properties close enough to gold which make it a credible substitute when assays are not taken. Then earlier in 2010 an older German video surfaced showing an actual tungsten filled bar. Even then naysayers denied the existence of such a plot to defraud gold purchasers - and we grant that in terms of forensic evidence they could plausibly deny the allegations. After all, where was the chain of evidence?

Rob Kirby takes us a step closer in tracing how the tungsten flowed. He corrects his error regarding the origin of the tungsten as being an eastern European country rather than the USA - a plot which started in the 1980s or early 1990s. However, the gold was shipped to Panama and then to Mena, Arkansas from where it was shipped via armored commercial carriers to southern California where it was plated with gold and stamped Good Delivery.

Subsequently the gold plated tungsten was shipped to Engelhard Vancouver for paper trail purposes after which it was shipped to Fort Knox to be exchanged for whatever gold was available. From there, the real gold was shipped to Panama where it awaited delivery into the international supply chain.

In order to release such huge quantities of gold on the international markets, a cover was needed to merge it into a sea of other gold. The Clinton administration under the auspices of Larry Summers and Robert Rubin began massive gold leasing which they adroitly signaled to those in the know as the strong dollar policy. The reason for the criminal activity was to keep interest rates low so that the government could spend its way into oblivion and continue to rack up massive debts. The country needed the spending skills of George Bush the younger to accomplish that goal.

From the foregoing all kinds of dots are connected which heretofore remained a bit blurry. Mena airfield was well known as a cocaine exchange from where it was sold into the USA to fund the Contras in Nicaragua. It is only now that we know it was also a gold laundering facility. More than likely Ron Brown and Vince Foster were murdered in connection to knowledge of these activities although we remain open to other interpretations as Brown himself was a crook. Foster was perhaps murdered as a warning to Clinton about other matters - such as obeying his true masters - the Bush Crime Syndicate.

The bottom line is that Fort Knox is totally bereft of its gold. This story began in the 1960s when the United States as a member of the London Gold Pool participated in gold price suppression schemes. Today, JPMorganChase, HSBC, and other elite Too Big Too Fail banks run the the government's racket to manipulate the gold price. But we hasten to add that these banksters are the government of the USA.

Unfortunately for the criminal thugs at the banks who openly brag about their feats there are those who try to alert the CFTC. Such whistleblowers are marked for murder and initimidation as Andrew Maguire of London found out to his surprise. We have documentation where banksters have publicly called for the murder of exposers of crimes. These calls for murders have come from the very largest banks such as Goldman Sachs.

As a footnote, you now know why Manuel Noriega is sitting in a US prison waiting to rot to death if in fact he is not already dead.

References:

Kirby, Rob, The Genesis of the Gold-Tungsten: The Rest of the Story, Zero Hedge, 4/3/2010, http://www.zerohedge.com/article/genesis-gold-tungsten-rest-story

Copyright 2010 Tony Bonn. All rights reserved.