U.S. Government Exporting Own Gold, Pretending Quantity In Vaults Is Unchanged
This just in from Patrick Heller writing for Numismaster.com
Did U.S. Export Over 175 Million Ounces of Gold?
So, for 2007 and 2008 combined, the U.S. exported 22 million ounces of refined gold and over 154 million ounces of “compound gold.” This is more than 11 times U.S. gold mine production during those two years. In fact, this is higher than global gold mine output. Where did all this gold come from?
This amount of gold exceeds what is held by all private parties in the U.S. combined. When the U.S. government called in gold in 1933, it then melted down the coins without refining. As a result, such bars from the coin melt would have a purity of around 90 percent gold. These would not qualify for description as refined gold, but could fit the definition of compound gold.
In the past few years, several gold traders have commented that a surprising number of coin melt gold bars were being delivered in London and Zurich markets, bars which almost certainly came from the U.S. Treasury vaults.
It is possible that some of these gold exports could be the repatriation of foreign central bank gold that had been stored with the New York Federal Reserve. Such transfers would be classified as “exports” for purposes of this report. The other possibility is that it could be gold formerly held by the only central bank in the world that had that much gold – the United States.
Wherever this gold came from, it is bad news for the U.S. government. If foreign central banks are pulling their gold reserves out of storage in the U.S., that signals lost faith in U.S. financial strength, which the U.S. government would not want the general public to learn about. If the U.S. government has actually been exporting its own gold, while still trying to pretend that the quantity in its vaults is unchanged, confirmation of such exports would clobber faith in both the U.S. government and the dollar.
The U.S. government has not had a genuine audit of its gold holdings in decades. In recent years, it has changed the description of gold holdings in reports so that now it is only described as “custodial gold” rather than gold reserves.
READ THE FULL ARTICLE HERE: http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6745
That seems to answer a lot of questions, here is GATA’s web site http://www.gata.org
============MORE FROM RAPIDTRENDS============
http://www.rapidtrends.com/2009/05/31/us-gold-going-or-completely-gone/
The Implications
Ladies and gentlemen, the foregoing data and discussion with the USGS individual is proof that the United States of America [or criminal elements within its Treasury and/or The Federal Reserve] “HAS” surreptitiously exported physical gold – and continues to do so. It is confirmed. The exports are likely coin melt [or gold compound, if you prefer] from the great gold confiscation back in 1933; or alternatively, this terminology is being used to disguise physical repatriation of foreign gold bullion formerly on deposit with the N.Y. Federal Reserve. Such repatriations are recorded as “exports” in U.S. Trade data. Public acknowledgement of same would scream like a siren call that the global financial community has totally lost faith in American financial stewardship – hence the need to do so on the sly.
This is being done in a vain/desperate/losing battle to satiate “off the charts” global demand for physical gold bullion arising from the profligacy of the American Empire’s two previous Administrations and to prop up the failing U.S. Dollar.
Over the course of 2007 / 2008 – more than 5,000 metric tonnes of “Gold Compounds” have been exported from the United States of America representing more than 62 % of reported sovereign U.S. gold reserves or about 24 times annual U.S. mine production.
Comment by Mark on 3 June 2009:
http://www.rapidtrends.com/2009/05/31/us-gold-going-or-completely-gone/
There is a lot more information on Alex’s web RapidTrends.com check it out.
Comment by Ronald D. Moyers. on 6 June 2009:
There is a very interesting Article About the Yamishita and the Black Eagle (Nazi) Gold from WW2 which Bush-41 commandeered for his personal and Black-Ops programs, which could not be legitimized and brought onto the open market short of a catastrophy (9/11) where these records were conveniently destroyed and the normal Banking procedures were temporarily changed because of the loss of these records, and the so called investigations of several frauds were halted because of a massive loss of evidence. This might certainly explain where all of this unexplained gold might have come from! No one ever wants to talk about this information and I have given it to many people!
http://www.rense.com/general83/Collateral_Damage_28062008.pdf
Comment by Mark DeBarbieri on 6 June 2009:
There are some points that have not been addressed. It was between 1930 and 1933 that the United States declared bankruptcy. It presupposes that in order to declare a bankruptcy there has to be a creditor. The creditor in this case is the Federal Reserve, or more specifically the owners of this private banking institution, which made a demand to pay the debt back in 1909. The United States Government requested the payment be deferred for another twenty years. It is not a coinsidence that the Stock Market crashed in 1929. It was revenge by the Banksters for non-payment of the debt. Once bankruptcy was declared, the United States had the obligation to collect all the gold in order to attempt to pay off the debt. This is why a law was passed in 1933 to make it illegal to own gold and to turn it in. Because there was not enough gold to pay off the entire debt that FDR had to make merchandise of the American People on March 9, 1933 by numbering everyone, for which that number will follow you all the way to the grave. At this same time birth certificates were issued to certify a birth, which became a surety for the remainder of the debt; then and for all Americans born thereafter. This is specifically why we have an income tax, which is a form of slavery…thank you FDR! Some of the gold was shipped by order of the Banksters to the Germany. This is how Germany was able to come out from under and rebuild their military machine, invade their neighbors in order to secure even more gold by stealing it to secure their economy. Any gold left over is now in the Federal Reserve, for which at least 90 percent of it is not owned by the United States. We merely have custodianship of it and can be removed at anytime by its true owners.
Comment by Mark on 6 June 2009:
Thank you for the comment. I was reading something like this the other day, very interesting, Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
http://www.fourwinds10.com/siterun_data/peace_freedom/patriots_and_protesters/news.php?q=1240607530
James Traficant’s U.S. Bankruptcy Speech
The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
“Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.
It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund.
Thanks again,
Mark
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