Forwarded from survival4u
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Time to do it again
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Yeah, I know this isn't a funny meme... but hear me... the bank of England must produce gold in 14 days upon demand. They can't do it. They say they need 4-6 weeks. Word on the street is there's a lot of gold moving between england, EU and the usa. Something is afoot.
Here's a snippet from Creature From Jekyll Island. Wildcat banks were not noted for meticulous accounting or business practices. Like all banks at that time, they were required to keep a certain portion of their deposits on hand in the form of gold or silver coin. To engender public confidence in their faithfulness to that obligation, it was common practice to keep the vault door open so a keg or two of gold coins could be viewed during business hours—not altogether different from the modern practice of financial institutions advertising how many billions in assets they hold but never mentioning the size of their liabilities. The wildcatters, however, were not reluctant to sprinkle a few precious-metal coins over the top of nails and let that take care of public relations. In some cases, as state examiners went from bank to bank to check the reserves, the gold would arrive only a few minutes ahead of them, having been rushed from the vault of the bank previously audited.
and
The free banks were no less fraudulent than the chartered banks. The old custom was revived of rushing gold coins from one bank to another just ahead of the bank examiners, and of "putting a ballast of lead, broken glass and (appropriately) ten-penny nails in the box under a thinner covering of gold coins."When one such free bank collapsed in Massachusetts, it was discovered that its bank note circulation of $500,000 was backed by exactly $86.48.
If you read the article https://talkmarkets.com/content/global-markets/london-gold-market-defaults-on-physical-gold-deliveries?post=480424 , it mentions that gold is being moved but must be recast into different size bars in switzerland before it can be sent to the USA. This strikes me as very odd. I mean, Gold is gold, right? You stamp a bar with a serial number, its weight and purity. This is NOT like how you can casually mistake a canadian quarter for a US quarter. So it strikes me that the banks have pulled the trick I quoted from above... they don't have the gold they say they do.... so the central banks have to shuffle the money around. They can't deliver stamped bars of gold because someone would realize it was the SAME GOLD. Imagine you and I say we have 50 bars of gold each. The fact is we each have 25... and when someone demands to see all of my 50 bars, I gotta get them from you for a few days. Now that person goes to your bank and wants to see your 50... you don't have any because they are on loan to me... so you say, hang on I'll have to get them in a week... you get me to remelt them so that when you catalog the bars you can't say "Gosh ,I saw this same serial number bar in Wesla's vault last week."
So... the game is close to the end... the central banks are dangerously close to having their cover blown off.
Here's a snippet from Creature From Jekyll Island. Wildcat banks were not noted for meticulous accounting or business practices. Like all banks at that time, they were required to keep a certain portion of their deposits on hand in the form of gold or silver coin. To engender public confidence in their faithfulness to that obligation, it was common practice to keep the vault door open so a keg or two of gold coins could be viewed during business hours—not altogether different from the modern practice of financial institutions advertising how many billions in assets they hold but never mentioning the size of their liabilities. The wildcatters, however, were not reluctant to sprinkle a few precious-metal coins over the top of nails and let that take care of public relations. In some cases, as state examiners went from bank to bank to check the reserves, the gold would arrive only a few minutes ahead of them, having been rushed from the vault of the bank previously audited.
and
The free banks were no less fraudulent than the chartered banks. The old custom was revived of rushing gold coins from one bank to another just ahead of the bank examiners, and of "putting a ballast of lead, broken glass and (appropriately) ten-penny nails in the box under a thinner covering of gold coins."When one such free bank collapsed in Massachusetts, it was discovered that its bank note circulation of $500,000 was backed by exactly $86.48.
If you read the article https://talkmarkets.com/content/global-markets/london-gold-market-defaults-on-physical-gold-deliveries?post=480424 , it mentions that gold is being moved but must be recast into different size bars in switzerland before it can be sent to the USA. This strikes me as very odd. I mean, Gold is gold, right? You stamp a bar with a serial number, its weight and purity. This is NOT like how you can casually mistake a canadian quarter for a US quarter. So it strikes me that the banks have pulled the trick I quoted from above... they don't have the gold they say they do.... so the central banks have to shuffle the money around. They can't deliver stamped bars of gold because someone would realize it was the SAME GOLD. Imagine you and I say we have 50 bars of gold each. The fact is we each have 25... and when someone demands to see all of my 50 bars, I gotta get them from you for a few days. Now that person goes to your bank and wants to see your 50... you don't have any because they are on loan to me... so you say, hang on I'll have to get them in a week... you get me to remelt them so that when you catalog the bars you can't say "Gosh ,I saw this same serial number bar in Wesla's vault last week."
So... the game is close to the end... the central banks are dangerously close to having their cover blown off.
Talkmarkets
London Gold Market Defaults On Physical Gold Deliveries | TalkMarkets
A few days ago, one of the world’s largest refineries informed its customers that the London warehouses were empty and that the London gold market was dry of liquidity.
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What do you call a snake that is 3.14meters long? A π thon.
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Forwarded from This Old Haus (Vriliam The Bonkeror)
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Forwarded from Clown World Memes
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Forwarded from Brain Rot Broadcasting 🥀🕷🕸 (15 15)
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