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Video/Audio: Half of U.S. Gold Reserves Gone? Watchdog: 'We want to expose and stop the manipulation'


The following audio is from a recent interview with Dr. Jerome Corsi and a second interview with William Murphy concerning the revelation that the central banks have been manipulating the gold market to keep the price of gold artificially low in order to keep the value of the dollar up as they've been simultaneously inflating the currency.  The result is finally hitting the fan as the dollar value is rapidly plunging and the price of gold can no longer be held artificially low.  This has all been done on purpose, to destroy the currency and consolidate real assets into the hands of the robber barons.  There is no end to the lying, deceit and treachery of the world bankers.

This story exposes the primary reason why we have to put an end to corporate control of our Congress.  The legal fiction of "corporate personhood" is primary reason the bankers were allowed to take over Congress, set up the Federal Reserve and through their control of our currency and extension of credit through the outright fraud of the "fractional reserve banking scheme" we have allowed them to amass most of the wealth and assets of the world for themselves.

 

By Jerome R. Corsi 
Firstpublished 1/29/2008

WorldNetDaily.com


U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.

As WND reported, the Gold Anti-Trust Action Committee, or GATA, claims the Federal Reserve and the U.S. Treasury are surreptitiously manipulating the country's gold reserves by participating in undisclosed leases, according to an advance copy WND obtained of the ad running in Thursday's edition of the Journal.

GATA believes much of the borrowed gold out on lease will never be returned to the central banks.

"With the demand for gold so strong worldwide, it has become impossible to return much of the leased gold without driving the price to the moon," said GATA's chairman, William J. Murphy III.

"Most observers calculate central bank reserves are supposed to have about 30,000 tons of gold worldwide in their vaults, but we believe the amount of gold actually there may be more like 15,000 tons," Murphy said. "The rest of the gold is gone."

The U.S. Treasury denies the claim, insisting the stock is accounted for regularly."We want to expose and stop the manipulation of the gold market by the United States Treasury and Federal Reserve right now," Murphy said.

 "The purpose of this ad is to wake people up in the investment world as to what is going on behind the scenes in the U.S. gold and financial markets," Murphy told WND.

He explained GATA has decided to pay the Wall Street Journal $264,000 for a one-time placement of the full page ad in the national edition because the financial press has not covered the story.

"We have had two major international conferences since 2001; the mainstream financial press has blackballed our message," Murphy explained.

"Anybody Seen Our Gold?" the ad is titled, charging U.S. gold reserves held at depositories such as Fort Knox or West Point may have been seriously depleted as they are shipped overseas to settle complex transactions utilized by the Federal Reserve and the U.S. Treasury to suppress prices.

GATA further charges the U.S. government strategy to manipulate the price of gold has begun to fail.

"The objective of this manipulation is to conceal the mismanagement of the U.S. dollar so that it might retain its function as the world's reserve currency," the ad copy reads.

"Gold's recent rise toward $900 per ounce shows that the price suppression scheme is faltering," GATA says. "When it is widely understood how central banks have been suppressing gold, its price may rise to $3,000 or $5,000 an ounce or more."

As evidence of gold price manipulation by the U.S. Treasury and the Federal Reserve, GATA cites Treasury's weekly report of the government's international reserve position that since May has listed gold loans and swaps as a line item in accounting for U.S. gold reserves.

The ad also cites a July 24, 1998, statement by then-Federal Reserve Chairman Alan Greenspan, who told Congress "central banks stand ready to lease gold in increasing quantities should the price rise."

The most recent U.S. Treasury statement of the U.S. international reserve position, released Jan. 24, lists the total U.S. foreign currency reserves as $71.515 billion, of which $11.041 billion is listed as gold (including gold deposits and, if appropriate, gold swapped).

The Bank of International Settlements reports the gold derivatives market hit a peak of $640 billion dollars in December 2006.

Murphy emphasizes that tracing the derivatives back to central bank gold transactions and determining precisely the degree to which the Federal Reserve and the U.S. Treasury are involved is not possible now, given the lack of public accountability and transparency built into the gold derivatives financial system worldwide.

Murphy said his group filed a Freedom of Information Act request with the U.S. Treasury and the Federal Reserve "to find out what this line item is all about."

"What is the true status of the U.S. gold that is supposed to belong to the American people?" he asked. "Has U.S. gold been put into play without the Treasury or Fed letting the American people know?"

A statement on Treasury's website claims the agency's Exchange Stabilization Fund has not been used to manipulate gold prices. But no statement could be found on the Treasury website that categorically denies the agency engages in gold swaps, leases or futures contracts for reasons other than to manipulate the price of gold.

The London Bullion Market Association lists on its website more than 80 members working as "bullion bank market makers" engaged in the worldwide gold commodities market place as principals originating and participating in various gold derivative products, including gold leases and swaps.

The U.S. members of the London Bullion Market Association listed include Bear Stearns Forex Inc., Goldman Sachs International, JP Morgan Chase Bank, Bank of America, Citibank, Merrill Lynch and Morgan Stanley.

A legal memorandum filed Feb. 28, 2003, on behalf of Barrick Gold Corporation, a major gold company affiliated with bullion bank J. P. Morgan, admitted Barrick engages with central banks in gold leases and other gold derivative transactions, without specifically admitting whether any such transactions were conducted on behalf of the Federal Reserve and Treasury.

In September 1999, European central banks meeting in Washington signed what has become known as the "Washington Accord," an agreement in which the banks agreed to limit the amount of their gold sales to 400 tons per year and not to expand their leasing operations during the five years of the agreement.

Under a gold lease, a central bank loans gold to a bullion bank at a nominal rate of interest, typically 1 percent.

The bullion banks then takes the gold lease to a commodities market such as the London Bullion Market, where the physical gold is sold, thereby adding to the supply of gold available on the market.

Problems develop when the price of gold rises dramatically, such as it has in recently months, with gold currently running over $900 an ounce.

Now, when the leased gold needs to be returned to the central banks at the end of the lease period, the bullion banks may have to go into the market and buy gold at a much higher price than the price when the gold initially was leased.

To hedge against the risk, bullion banks typically buy futures contracts or gold call options to secure gold delivery at a specified future date for a specified future price.

In the world of gold derivatives, a wide variety of contracts exist, including transactions in which central banks swap gold reserves, so they can carry out leasing or other gold derivative transactions using the gold of the other central bank rather than their own.

Gold swaps make central bank gold transactions even less transparent and more difficult to track.

Under current International Monetary Fund rules, central banks do not have to disclose on their financial statements how much of the gold in their stated reserves is encumbered by derivative contracts, including gold leases and swaps.

Nor are bullion banks required to disclose to the public the contracts under which they lease gold from central banks.

Gold yesterday hit a new all-time high, with futures contracts for February delivery surging to $929.80 an ounce on the New York Mercantile Exchange in mid-day trading.


Click Photo to see full size ad and Reference Links

 

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Video: Zeitgeist - Addendum


This is a followup presentation from the makers of the original Zeitgeist movie.  It's specifically focused on the banking system and is a must see for everyone.  Money is critical and central to all of our lives and yet very few of us understands anything about how our monetary and banking system really works.   YOU MUST WATCH THIS FILM if you really want to understand what is going on in our economy.  The ruthless, predatory bankers have been the scourge of the planet since the very first money lender appeared.   They are engineering the current financial crisis just as they created the great depression in order to consolidate even more wealth and power into their own selfish greedy hands.  The film also provides a vision for what the world could look like if these lunatics were removed from power and the corrupt system were replaced with one that supported weapons of mass creation rather than weapons of mass destruction.  This film presents a true picture of the world we currently find ourselves in and makes it very clear  that WE are responsible for supporting it thus far.  It's up to us to stop supporting it.  And it's up to us to create the kind of world we want.

 

 
 
 
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Video: Zeitgeist - Part 3: How The Bankers Control the World


This is part three of the documentary Zeitgeist.  The word zeitgeist means "the defining spirit or mood of a particular period of history as defined by the ideas and beliefs of the time."   Part three details the global elites, those that own and control the central banks and as a result, just about everything else of consequence.  It goes into who they are and what they've done and are doing to this planet to achieve their maniacal goals to control all of mankind.  These are not kind beneficent people.  They are the ones that cause all wars and are behind all the raping and pillaging going on throughout the world.

Part 1 jumps into the fray with a discussion of religion as one of the oldest and most powerful forms of control known to man.  While it focuses primarily on Christianity, it reveals how the religious stories told to believers are remarkably similar between religions and it's stunning to trace them back long before Christ was ever born.  See Part 1 here.

Part 2 emphasized how those in power use fear and conflict as another primary means of controlling populations.  Learn the truth behind the events of 9-11 and the reality that it was deliberately orchestrated by the global elites to start yet another war through which they can continue their agenda for world conquest.  See Part 2 here.

For more info on the movie please visit the official web site at: zeitgeistmovie.com

 

 
 
 
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Video: The Money Masters - The Complete History of Money and Those That Control It


This amazing 3.5 hour documentary covers the entire history of money and who has control of it.  I guarantee you if you devote the time to watch this entire film, you will truly understand the way the world works and who really controls it.  You'll discover who actually orchestrated all major wars, all inflation, all boom and bust cycles and even caused the great stock market crashes and depression.  Learn how a handful of privileged few have conned everyone into letting them legally counterfeit money and through that power, they have stolen the bulk of the wealth on this planet for themselves.

 

 
 
 
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Video: The Secret of OZ - From the Director/Writer of the Money Masters!


The economy of the U.S. is in a deflationary spiral. Nothing can stop it -- except monetary reform.

  1. No more national debt. Nations should not be allowed to borrow. If they want to spend, they have to take the political heat right away by taxing.
  2. No more fractional reserve lending. Banks can only lend money they actually have.
  3. Gold money is NOT the answer. Historically gold ALWAYS works against a thriving middle class and ALWAYS works to create a plutocracy.
  4. The total quantity of money + credit in a national system must be fixed, varying only with the population.

 

 
 
 
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Video: Inside Job


This is a look at the film 'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. The film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.

 

 
 
 
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Video: Worse Than Useless - Andreas M. Antonopoulos Explains Bitcoin

Bitcoin Explained By One of The Pioneers


Bitcoin explained by Andreas Antonopoulos.  Andreas articulates, with incredible clarity, the critical importance of privacy and how it intersects with money, technology, government and individuals.

 

 
 
 
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Ripping Off Young America: The College-Loan Scandal


The federal government has made it easier than ever to borrow money for higher education - saddling a generation with crushing debts and inflating a bubble that could bring down the economy

 

By Matt Taibbi
RollingStone

On May 31st, president Barack Obama strolled into the bright sunlight of the Rose Garden, covered from head to toe in the slime and ooze of the Benghazi and IRS scandals. In a Karl Rove-ian masterstroke, he simply pretended they weren't there and changed the subject.

The topic? Student loans. Unless Congress took action soon, he warned, the relatively low 3.4 percent interest rates on key federal student loans would double. Obama knew the Republicans would make a scene over extending the subsidized loan program, and that he could corner them into looking like obstructionist meanies out to snatch the lollipop of higher education from America's youth. "We cannot price the middle class or folks who are willing to work hard to get into the middle class," he said sternly, "out of a college education."

Flash-forward through a few months of brinkmanship and name-calling, and not only is nobody talking about the IRS anymore, but the Republicans and Democrats are snuggled in bed together on the student-loan thing, having hatched a quick-fix plan on July 31st to peg interest rates to Treasury rates, ensuring the rate for undergrads would only rise to 3.86 percent for the coming year.

Though this was just the thinnest of temporary solutions – Congressional Budget Office projections predicted interest rates on undergraduate loans under the new plan would still rise as high as 7.25 percent within five years, while graduate loans could reach an even more ridiculous 8.8 percent – the jobholders on Capitol Hill couldn't stop congratulating themselves for their "rare" "feat" of bipartisan cooperation. "This proves Washington can work," clucked House Republican Luke Messer of Indiana, in a typically autoerotic assessment of the work done by Beltway pols like himself who were now freed up for their August vacations.

Not only had the president succeeded in moving the goal posts on his spring scandals, he'd teamed up with the Republicans to perpetuate a long-standing deception about the education issue: that the student-loan controversy is now entirely about interest rates and/or access to school loans.

Obama had already set himself up as a great champion of student rights by taking on banks and greedy lenders like Sallie Mae. Three years earlier, he'd scored what at the time looked like a major victory over the Republicans with a transformative plan to revamp the student-loan industry. The 2010 bill mostly eliminated private banks and lenders from the federal student-loan business. Henceforth, the government would lend college money directly to students, with no middlemen taking a cut. The president insisted the plan would eliminate waste and promised to pass the savings along to students in the form of more college and university loans, including $36 billion in new Pell grants over 10 years for low-income students. Republican senator and former Secretary of Education Lamar Alexander bashed the move as "another Washington takeover."

The thing is, none of it – not last month's deal, not Obama's 2010 reforms – mattered that much. No doubt, seeing rates double permanently would genuinely have sucked for many students, so it was nice to avoid that. And yes, it was theoretically beneficial when Obama took banks and middlemen out of the federal student-loan game. But the dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It's not the cost of the loan that's the problem, it's the principal – the appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008.

How is this happening? It's complicated. But throw off the mystery and what you'll uncover is a shameful and oppressive outrage that for years now has been systematically perpetrated against a generation of young adults. For this story, I interviewed people who developed crippling mental and physical conditions, who considered suicide, who had to give up hope of having children, who were forced to leave the country, or who even entered a life of crime because of their student debts.

They all take responsibility for their own mistakes. They know they didn't arrive at gorgeous campuses for four golden years of boozing, balling and bong hits by way of anybody's cattle car. But they're angry, too, and they should be. Because the underlying cause of all that later-life distress and heartache – the reason they carry such crushing, life-alteringly huge college debt – is that our university-tuition system really is exploitative and unfair, designed primarily to benefit two major actors.

First in line are the colleges and universities, and the contractors who build their extravagant athletic complexes, hotel-like dormitories and God knows what other campus embellishments. For these little regional economic empires, the federal student-loan system is essentially a massive and ongoing government subsidy, once funded mostly by emotionally vulnerable parents, but now increasingly paid for in the form of federally backed loans to a political constituency – low- and middle-income students – that has virtually no lobby in Washington.

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The Public Bank Option – Safer, Local and Half the Cost


The Web of Debt Blog

Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.   

A UK study published on October 27, 2017 reported that the majority of politicians do not know where money comes from. According to City A.M. (London) :

More than three-quarters of the MPs surveyed incorrectly believed that only the government has the ability to create new money. . . .

The Bank of England has previously intervened to point out that most money in the UK begins as a bank loan. In a 2014 article the Bank pointed out that “whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”

The Bank of England researchers said that 97% of the UK money supply is created in this way. In the US, the figure is about 95%. City A.M. quoted Fran Boait, executive director of the advocacy group Positive Money, who observed:

“Despite their confidence in telling the public that there is ‘no magic money tree’ to pay for vital services, politicians themselves are shockingly ignorant of where money actually comes from.

“There is in fact a ‘magic money tree’, but it’s in the hands of commercial banks, such as Barclays, HSBC and RBS, who create money whenever they make loans.”

For those few politicians who are aware of the banks’ magic money tree, the axiom that the people should own the banks – or at least some of them – is a no-brainer. One of these rare politicians is Phil Murphy, who has a double-digit lead in New Jersey’s race for governor. Formerly a Wall Street banker himself, Murphy knows how banking works. That helps explain why he has boldly made a state-owned bank a centerpiece of his platform. He maintains that New Jersey’s billions in tax dollars should be kept in the state’s own bank, where it can leverage its capital to fund local infrastructure, small businesses, affordable housing, student loans, and other state needs. New Jersey voters go to the polls on November 7.

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