The private Federal Reserve and gold mixed with tungsten

"Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist"
 
By: Rob Kirby - [Pictures via link below]

GoldSeek.com - 12 November 2009 - I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009.  Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver.  At the same time I reported on two other unusual occurrences:
 
1] -    irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.
 
2] -    reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.
 
Why Tungsten?
 
If anyone were contemplating creating “fake” gold bars, tungsten [at roughly $10 per pound] would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.
 
Unfortunately, there are now more sordid details to report.
 
When the news of tungsten “salted” gold bars in Hong Kong first surfaced, many people who I am acquainted with automatically assumed that these bars were manufactured in China – because China is generally viewed as “the knock-off capital of the world”.
 
Here’s what I now understand really happened:
 
The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes]. 
 
This was apparently all highly orchestrated by an extremely well financed criminal operation.
 
Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.
 
And here’s what the Chinese allegedly uncovered:
 
Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes].  Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day.  I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.
          
The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market.
 
Apparently, the global market is literally “stuffed full of 400 oz salted bars”. 
 
Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF?
 
A Slow Motion Train Wreck, Years in the Making
An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 has always ‘stuck in my craw’:
DA investigating NYMEX executive - Manhattan, New York, district attorney's office, Stuart Smith - Melting Pot - Brief Article – Feb. 2, 2004

A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney's office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange's markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney's office also declined comment.

The offices of the Senior Vice President of Operations - NYMEX – is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence "prove" that the amount of gold in question could not have possibly come from the U.S. mining operations – because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.

We never have found out what happened to poor ole Stuart Smith – after his offices were "raided" – he took administrative leave from the NYMEX and he has never been heard from since. Amazingly [or perhaps not], there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave - all for nothing?

These revelations should provide a “new filter” through which Rothschild exiting the gold market back in 2004 begins to make a little more sense:
“LONDON, April 14, 2004 (Reuters) - NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.”

Interestingly, GATA’s Bill Murphy speculated about this back in 2004;

“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but suspect:”

*SOMETHING IS AMISS. THEY KNOW A BIG GOLD SCANDAL IS COMING AND THEY WANT NO PART OF IT. …”

“ROTHSCHILD WANTS OUT BEFORE THE PROVERBIAL "S" HITS THE FAN.” BILL MURPHY, LEMETROPOLE, 4-18-2004

Coincidentally [or perhaps, not?], GLD Began Trading 11/12/2004
 
In light of what has occurred – regarding the Gold ETF, GLD – after reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these “salted tungsten bars” where they would never see the light of day – hidden behind the following legalese “shield” from the law:
 
Excerpt from the GLD prospectus on page 11: PDF - Url.: http://www.spdrgoldshares.com/media/GLD/file/SPDRGoldTrustProspectus.pdf
 
Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.
 
The Fed Has Already Been Caught Lying
 
Liberty Coin’s Patrick Heller recently wrote: Earlier this year, the Gold Anti-Trust Action Committee (GATA), filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.

On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (covered up to omit sections of text).

The Fed's response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.

GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release. 

In a Sept. 17, 2009, letter on Federal Reserve System letterhead, Federal Reserve governor Kevin M. Warsh completely denied GATA's appeal.

The entire text of this letter can be examined at http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf.



The first paragraph on the third page is the most revealing. Warsh wrote, "In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed to the public. This information was properly withheld from you.

"

This paragraph will likely be one of the most important news stories of the year.

Though not stated in plain English, this paragraph is an admission that the Fed has in the past and may now be engaged in trading gold swaps.

Warsh's letter contradicts previous Fed statements to GATA denying that it ever engaged in gold swaps during the time period between Jan. 1, 1990 and the present.
 
[Perhaps most importantly], this was GATA's second FOIA request to the Federal Reserve on the issue of gold swaps. The 173 pages of documents received for the 2009 FOIA request all pre-dated the 2007 FOIA request, which means they should have been released in the response to the earlier FOIA request. This establishes a likelihood that the Federal Reserve has failed to adequately search or disclose relevant documents. Further, the Fed response admitted that it had copies of relevant records that originally appeared on the Treasury Department Web site, but failed to include them in its response.
 
Now that Federal Reserve governor Warsh has admitted that the Fed has lied in the past about the Fed’s involvement with gold. It should now be very clear to everyone why the Fed is lying and the true nature of what they are hiding / withholding.
 
On Doing God’s Work
 
An important footnote to consider is the inter-twined-ness of the U.S. Federal Reserve and the U.S. Treasury [can anyone really tell them apart?] as well as this duopoly’s two principal agents – J.P. Morgan-Chase and Goldman Sachs.  When one truly grasps the nature of these highly conflicted relationships it gives a fuller meaning to words recently uttered by Goldman head, Lloyd Blankfein, who claimed,

“I’m doing god’s work”
 
Does this really mean that Mr. Blankfein believes that the Federal Reserve is god?  You can judge for yourself.  While the Fed prints money like no one else could - except god almighty himself [or Gideon Gono, perhaps?] – I really doubt that was the intent back in 1864, when the U.S. adopted “In God We Trust” as their official motto.
 
And that’s my two cents worth for today.

Got [real] physical gold yet?
 
Rob Kirby

Posted Thursday, 12 November 2009 | Digg This Article |

Source: GoldSeek.com - Url.: http://news.goldseek.com/GoldSeek/1258049769.php

Earlier info by Henk Ruyssenaars:

CONTROL ALL MONETARY ACTIVITIES IN THE INDUSTRIALIZED WORLD

The profits earned just from renting out its hoard of gold (second only to that of Fort Knox in value) are more than sufficient to pay for the expenses of the entire organization. And the unabashed purpose of its elite monthly meetings is to coordinate and, if possible, to control all monetary activities in the industrialized world. The place where this club meets in Basel is a unique financial institution called the Bank for International Settlements - or more simply, and appropriately, the BIS (pronounced "biz" in German).

The BIS is the most obscure arm of the Bretton-Woods International Financial architecture but its role is central. John Maynard Keynes wanted it closed down as it was used to launder money for the Nazis in World War II. Run by an inner elite representing the world's major central banks it controls most of the transferable money in the world. It uses that money to draw national governments into debt for the IMF. - Url.: http://www.bilderberg.org/bis.htm

And, of course: it is the same financial dynasty which fixes twice daily the price of gold: "The financial district known here simply as The City is a hotbed of the loyal Order of the Masons, who have a penchant for strange rituals. But Masonry has nothing to do with an odd little ceremony performed twice every day in an office at N.M. Rothschild & Sons Ltd." end excerpt] - Url.: http://goldinfo.net/londongoldfix.html

Many have wondered - once they found out about the existence of Rothschild's BIS bank and the global control: where did they ever get a mandate, the power to do so? Well, the power to get nearly all in line - the others are killed - is based on two pillars: a financial and a nuclear one. The BIS creatures have the wealth and since 1945 they have the nuclear bombs too. Plus all the telecommunications so they can blackmail all and everybody to do what they want. Always!

THE MONEY AND THE BOMB - OPPENHEIMER AND THE BIS. - URL.: HTTP://TINYURL.COM/CC5MYT

ROTHSCHILD'S 'BANK FOR INTERNATIONAL SETTLEMENTS' IN SWITZERLAND

And the interview which follows, is one of those big 'dots' again to be connected: "The head of the monetary and economic department of the Bank for International Settlements, William S. White, in a speech to a BIS conference in Basel, Switzerland, in June 2005: "There are five main purposes of central bank cooperation, White announced, and one of them is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful."

Nearly two years ago, the US Treasury quietly made a subtle change to its weekly reports of the US International Reserve Position, which includes the US Gold Reserve. In stating the US Gold Reserve is 261.499 million ounces, the gold is now reported 'including gold deposits and, if appropriate, gold swapped.'

This description provides clear evidence that the US Gold Reserve is in play. Gold has been removed from US Treasury vaults and placed on deposit, presumably in the couple of bullion banks the Treasury has selected to assist with its gold price-capping efforts.

GOLD WAR: NOT COVER MATERIAL FOR THE MAINSTREAM PRESS

Daily Bell: You've received a lot of coverage for your views in our estimation. But obviously you're not cover material for the mainstream press. Can you give us some insight into what is obviously a bias against your point of view and arguments?

Bill Murphy: In a way we are like Harry Markopolis who went to the SEC with evidence that Bernie Madoff's investment business was nothing more than a giant Ponzi scheme ... and he showed them the evidence to prove it, like we have to the CFTC and the financial market media.

Did the SEC pay any attention? NO! Madoff was so-called respected establishment with the most proper credentials. Now, realize GATA is showing up Goldman, Morgan and the US Government. That is a no-no in the Wall Street media world. It is not respectable to challenge those giants and our press doesn't want to hear about it ... after all, who are the biggest advertisers?

What we are going through can also be compared to those who cried foul about Enron, an energy trading firm which blew up after being voted America's finest corporation five years in a row by a major US financial publication. Scandals, such as the one GATA has uncovered, are ignored by the financial press when they are about Wall Street's esteemed until it is too late and the money is gone. - Url.: http://www.objectivistliving.com/forums/index.php?showtopic=7194

I take it you know about gold manipulation in the August Review: "There is mounting evidence that there has been a larger plan underway to corner the global supply of gold, thus laying the groundwork for a global currency exclusively controlled by Trilaterals and their friends. By extension, economic and political mechanisms would be controlled to the same extent." - Url.: http://tinyurl.com/9sv4t3

US: 'DEEP' GOLD?

And apparently the U.S. is supposedly leasing "Deep gold" which is just gold that hasn't even been mined yet. It's an estimate? Must be swindle, trading in gold which one can't see or touch. 'Fiat' gold? And, apart from that: it must be clear by now that the Rothschild cartel 'holds the gold and thus the power.'

May I also take it that not many where surprised to find Rothschild's 'Bank for International Settlements in Basel, Switzerland,' the infamous BIS bandits here again? - Quote: "It's a long time ago, and it hardly can be found in the archives of the Los Angeles Times (Owner Zell*) or anywhere on Internet, but on Friday, July 19 in 1974, the Los Angeles Times published an article on the probably disappeared gold in Ft. Knox, making the 'gold reserve' one of those US american 'great illusions'... It turned into 'fiat gold'." - And if you use the link, there are some more footnotes concerning the strange gold market - Url.: http://tinyurl.com/dmvjew

AND THE GOLD IN THE US ITSELF?

As far as I can see it, and I really have researched this, it's like the Japanese say: it's Fuji! Meaning: it's gone! Like the Fujiyama mountain which often disappears in the clouds. But, it's logical: the criminal Rothschild cartel and its collaborating minions keeps stealing trillions, so why not heist the gold too? As Sherlock Holmes always said: "Elementary, my dear Watson!" - Url.: http://tinyurl.com/dmvjew

Let's hope that a lot more people are able to see reality. Especially most of those who call themselves economist. And start connecting the dots. It's about time, isn't it?

I've learned that IMF is short for International Murderers Fund, but Bill Murphy, from the Gold Anti-Trust Action Committee, said this some years ago in a speech, and - not being an economist, thank you - I think he's quite good at explaining it like this: IMF and BIS are lying through their teeth.

Like all swindlers they say one thing, and than secretly do the others.

For those interested in money and gold, the rest concerning the 'gold war' is here at Url.: http://tinyurl.com/lohekf

In the battle to maintain their considerable franchise of money and power, Goldman Sachs has been at the forefront in actively supporting the suppression of the gold price; as any rise in the price of gold belies the value of the paper money by which governments and bankers are advantaged.

It is perhaps appropriate that Lawrence Summers, co-author of Gibson's Paradox and the Gold Standard (a bizarre paper that fueled central bank efforts to suppress the price of gold in the 1990s) is now the top economic advisor to Barack Obama at the very time the US attempts to maintain its world dominion based on an increasingly unstable US dollar - a dollar no longer backed by gold.

For an in-depth explanation of the gold standard, free of the prejudices of those who personally benefit from the fraud of paper money such as Lawrence Summers, I suggest the Gold Standard University Live lecture series of Professor Antal Fekete, see - Url.: www.goldvid.com/fekete/sales.html

Goldman Sachs has been alleged by many to be at the center of the central bank conspiracy to manipulate the gold price. In 1999, when England announced it would sell the majority of its gold reserves at the very bottom of the gold market, the rumors were that Goldman Sachs had a 1,000 tonne short position in the market and couldn't cover its short position if the price of gold moved higher.

[HR: ROTHSCHILD'S CENTRAL BANKS GOLD WAR] - Url.: http://tinyurl.com/lohekf

In May 1999, Gordon Brown, the UK Chancellor of the Exchequer, announced the sale of 415 tonnes of gold, 57% of England's gold reserves. This sale forced the price of gold lower thereby saving Goldman Sachs' large bet that the price of gold would continue lower, albeit temporarily.

Goldman Sachs' attempts to suppress the price of gold have not abated nor have the efforts of European and the US central banks even has gold has risen from $275 to over $900 in the last ten years. The Swiss central bank especially has been a large seller of gold whenever gold prices rise quickly.

Such efforts have not abated because the on-going credit crises now threatens to become a full-blown currency crisis; and, the paper money franchise by which bankers and governments exist is vulnerable as never before-a meteoric rise in the price of gold would spell the end of the fabled franchise of wealth and power.

Now in 2009, the US, the UK, their gold reserves almost depleted, and the world are on the verge of another Great Depression as the bankers' crisis has turned into a global nightmare. At the same very time, however, Goldman Sachs is about to record profits enabling record bonuses while Gordon Brown is now the Prime Minister of England.

THE GROUP THAT IS RESPONSIBLE:

As I said, look at the abominable track record of the former Chairman of the by the BIS bandits privately owned Federal Reserve, and - amongst many other things - BIS commissioner, the Kissinger-trained Timothy Geithner, who is just one of the dots that should be connected: he's part of the ominous blue print. It's not only the US: it's a global usury system. Killing millions of people permanently.

ROCKEFELLER: I STAND GUILTY, AND I AM PROUD OF IT!

The existence of this plan, all those power dots for global hegemony, was confirmed by the US american agent of the criminal Rothschild cartel, mr. David Rockefeller:

"Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world...one world, if you will. If that is the charge, I stand guilty, and I am proud of it."

From David Rockefeller's "Memoirs" - Political Opinion - Url.: http://tinyurl.com/5ee2vv

So you see: as long as the financial and nuclear power is in their paws, the usury and robbery just goes on.

And this 'usury power' made it possible to steal from people, all of the time.

'Money' certainly has been made into the root of all evil.

And they have shown that 'they' want all gold too.

Let's hope it's payback time soon.


HENK RUYSSENAARS

There's a lot more at Url.: And here too - Url.: http://tinyurl.com/yzc4o4d


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