Jim Willie
In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago. Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia. He is the hero icon worshipped by Wall Street. The irony is thick, that his career was spent following Old Europe orders that delivered the slow motion coup de grace to the American Empire. Ayn Rand wrote "If you want to know when a society is set to vanish, watch the money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence. Destroyers seize gold and leave to its owner a counterfeit pile of papers." The Chinese are learning this lesson the hard way, challenged to convert their USTreasury Bonds and USAgency Mortgage Bonds into true wealth before the paper becomes worthless and untradable. Actually, the bonds will eventually be redeemed by the USFed with newly printed money, when an avalanche occurs of foreigners seeking redemption en masse. For almost ten years they have been exchanging their finished products to the US & West for paper with ink on it, a veritable counterfeit pile of papers. The Chinese are cashing in on their paper, trading it for new global power.
NEW TUNGSTEN MINE DISCOVERY
The tungsten deposits come in very high grade ore, located in shallow rectangular deposits dispersed widely across the world, segregated in unusual vault heap leach mineralizations. Yes, these guys are leeches! In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago. History repeats itself. The parallels to mortgage bond fraud with either subprime borrowers or multiple property titles used in bond securitization is easy to spot. A consistent theme runs through the American management of finance and dissemination of fraudulent assets on a global basis. Tungsten gold bars is a feat difficult to surpass. Credit must be given for not leaving any potential for fraud untapped. The Goldman Sachs front running of NYSE trades with their Unix box is just icing on the cake. Fortunately for them, the FBI hustled the whistle blower off and painted him as a Russian marauder of criminal type. Actually, the front running flash trade device is more like icing on the cake whose main body is the naked shorting of bank stocks done by Wall Street firms, whose protector in the USDept Treasury ordered a halt in the practice after they had finished shorting and needed help from the market in covering. Thus the Banned Bank Short List. What a complete comedy of corruption the US financial assets have become. So word comes of tungsten permeating the banking system. It appears the syndicate might be opening the floodgates for the bankers of the world to begin an attempt to corner the light bulb market!!
No disrespect is intended for the trillion$ counterfeits of superstar grade. Refer to the missing $2.3 trillion Pentagon appropriations announced on 10 September 2001. Actually that is just theft, at least done by patriots and certain allies. Refer to the JPMorgan recorded sales of $2.2 trillion in USTreasury Bonds over and above the total issuance by the USDept Treasury itself. That is counterfeit, by definition, at least done by the financial envy of the world. Refer to the missing $1.9 trillion in Fannie Mae funds documented by USDept Housing & Urban Devmt between the years of 1988 and 2000. That gutting was a presidential skeet shooting mission, maybe to fund libraries for memorabilia. These are dastardly deeds of distinction. These are legacy crimes.
The initial discovery was something like four gold bars, which the Hong Kong bankers drilled invasively to test the contents. Reminds me of drilling the earth and measuring how many grams of gold per tonne. The HK bankers hoped to have 99% gold yield in their drill program for the resident bars. They found something like 1% instead and 99% tungsten. By the way, tungsten sells for less than $70 per ton, which makes its swaps for gold to be 60x more profitable than silver bar swaps. Another handy usage for the Gold/Silver ratio in calculations. The hunt was on. Now not a single assayer on the planet is available, as all are tied up. They have been commissioned to test the gold bars shipped from the United States of Fraudulent Banker America in their own bullion vaults. They use basic methods of four drill holes with direct assay of shavings, but also less invasive methods like electro-magnetic waves to examine the metal lattice structure. When highest level methods are needed, they turn to mass spectrometry. NOW ALMOST NO GOLD BARS WILL LEAVE THE LONDON OR NEW YORK METALS EXCHANGES WITHOUT SOME AUTHENTICATION, AS DISTRUST IS WIDESPREAD.
The global bankers must deal with toxic bonds and phony gold bars. Yes, New York City is the financial center of world, but for fraud. Talk circulates that a president from yesteryear with his Goldman Sachs Treasury Secretary might have swapped the entire contents of Fort Knox. So did they not only lease the national treasure of gold, but swapped it first, then leased tungsten gold? Time will tell, as evidence is being accumulated and compiled. The assayers have also been commissioned to assist in authentication of gold bar delivery the world over from the US exchanges. Current estimates among the gold trader community run well past a few hundred thousand 'salted' gold bars, maybe over a million. When the Jackass inquired from a reliable gold trader source as to the timespan for the swaps, the late 1990 decade was the reply for dates on almost the entire false batches. Actually it is a mountainous batch. So the introduction to sophisticated Wall Street methods of currency management during the Decade of Prosperity had a side game running that were profitable indeed to the guys running the USDept Treasury and White House. In an age where the lines between patriotism and treason are blurred, this tungsten episode brings new meaning to the word HEIST.
For some excellent forensic financial analysis on the fake gold project, called Operation Grand Slam, see Rob Kirby's article. It is entitled "On Doing God's Work: Gold Finger, A New Take On Operation Grand Slam With A Tungsten Twist" (CLICK HEREdated 12 November 2009.
BREAKDOWN AT GOLD EXCHANGES
A Jackass article was posted entitled "Hitmen Contracts to Bust COMEX" in May (CLICK HERE), not without a little stir, even a removal of the article 24 hours later by one website due to its controversial subject matter. The article gave warning. The bust cometh, and it will be spectacular. Enemies come to address the state corruption with syndicate entrenched. The stories told in the press will be peculiar, since told by the victimized establishment. The headlines might be a comedy, with phony reports of foreign subterfuge, when the perpetrators are American and English, who operate from the new Axis of Fascism. The focal point for attacks is actually London at their metals exchange. The early October events included numerous offers by exchange officials to settle gold contract deliveries in cash with a 25% extra vig bonus. Or was it a bribe? Much gold was drained from London on demanded delivery, thanks to a small army of lawyers, a small blizzard of contracts, and a few key judges at the courts. Gold was taken, thus enforcing futures contracts, which happen to be binding contracts. The pressure at the end of November will be worse to make good on gold contract deliveries. Recall the stories back in April for a Deutsche Bank rescue by the Euro Central Bank with a very large (over one million oz gold position) provision made. DBank was in trouble. The pressures are mounting every couple months. Next March will be a climax of the breakdown, or else June.
Some say naively, or rather ignorantly, that nothing in the news points to any breakdowns or extreme pressures. Each delivery month event includes more gold removed from the London exchange, more gold demanded from it, and more movement toward a breakdown. So the next events have even more pressure, with less gold supply and continued relentless demand. Recall also that the exchange, along with the COMEX in the Untied States, exempt the big banks from maintaining 80% collateral when they short gold & silver with paper contracts. Thus the name suppression, or better yet corruption. They are being caught in their naked shorting game. The December 1st events surrounding settlement delivery demands will be more contentious and stressful than October 1st. In sequential manner, the March event will be even more pressure packed, with precious little physical gold in store and more targeted Chinese delivery demanded. The June event will be even more pressure packed still, a backup date for a potential breakdown if it does not occur in March.
The common denominator for the parties demanding gold delivery in London is simple: they are all Asians, all, as in all, and the great majority are Chinese. To say the Chinese are trying to bust the government gold gamers who defend the USDollar is a gross understatement. They use USTreasury Bond credit supply somewhat as leverage, to silence the opposition and critics. One can safely conclude that the US and British banks will be broken with the nexus being their gold management, which underpins the USDollar. Other pressure is sure to mount. Not the kind of pressure you might imagine. Pressure is mounting for senior bank executives and politicians to start revealing the identities, deeds, locations, and dates of the gold tungsten swap, the mortgage bond firehose, and other pervasive frauds protected by the USGovt and British Govt. It might even include producing the true location of the Madoff funds.
GOLD & SILVER BREAKOUTS
The gold & silver prices are moving in lead fashion, and have done so among the currencies for at least the last three months. The major currencies fiddle and diddle (as Johnny Most used to say during Boston Celtic basketball game broadcasts), but gold & silver continue to rise. The Chinese, according to word from connected sources, intend to push the gold price and the silver price relentless upward without explosive parabolic moves and without painful huge selloff corrections. That way, the army of public investors will not lose heart, and will remain on the path, in full phalanx support of the Chinese Govt initiative. The Euro currency has hit the 150 level in mid-October and in mid-November, only to fall back a little. The Euro is not ready for a powerful move to 160 just yet. Such an advance would bring with it a painful effect to German exporters again, not desired. As a result, the gold price in Europe has made significant moves, and is in the process of challenging the 785 high from February. The key to a massive gold bull market is confirmation in terms of other currencies. The gold breakout is being led globally in US$ terms, since the American Peso is the weakest currency on earth outside Zimbabwe. It is being recognized as a Third World banana republic currency. Even the Costa Rican colone currency has made little gains against the USDollar in the last couple months. Bananas are a chief export of Costa Rica. Pura vida! GOLD IS TAKING ITS RIGHTFUL PLACE AS THE PREMIER GLOBAL CURRENCY, AFTER A BREAKDOWN IN THE MONETARY SYSTEM AND INSOLVENCY IN THE BANKING SYSTEM. More...
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