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Game Over - “It’s All A Farce, The Fed & German Gold Is Gone” [Copy link] 中文

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Post time 2013-7-10 17:59:53 |Display all floors

The United States does not own any more gold except those Amercan citizens who
have them as jewelries and gold dentures. Fort Knox has only gold plated tungsten!.

Any Central Banker in the World who has not recalled and physically received their gold
will be either given the run around or their countries invaded.

Most of the gold are in the hands of the BRIC countries.........


Game Over - “It’s All A Farce, The Fed & German Gold Is Gone”

July 9, 2013 at 7:37pm in Current News/Events

Game Over - “It’s All A Farce, The Fed & German Gold Is Gone”

Today one of the savviest and well connected hedge fund managers in the world shocked King World News by taking us once again on a trip down the rabbit hole that was nothing short of breathtaking.  Outspoken Hong Kong hedge fund manager William Kaye spoke with KWN about the missing Fed and German gold, where it has gone, and how much gold the People’s Bank Of China (PBOC) really owns.  This interview is going to stun readers around the world.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, and also ran money for George Soros, had this to say in part I of his remarkable interview.

Kaye:  “Global hegemony (leadership or dominance) is changing in a way that most people don’t fully comprehend.  This area of the world, the Asia-Pacific, China in particular, is positioning itself to be the leading global power as we look out over the next five to ten years.

My sources tell me that contrary to the public numbers that are available, China has anywhere between 4,000 to possibly 8,000 tons of (physical) gold....

“They are not only the world’s largest producer of gold, but they are the largest importer of gold in the world.

This is an ongoing process for China.  This is a strategic initiative.  So China is massively accumulating the gold that is being extricated from the West at a very rapid pace.  The dynamics here are very geopolitical, and the Far-East is being elevated by this.  

In the ‘New World Order,’ which will ensue when this raid ends, China’s position, Russia’s position, Brazil’s position, will be greatly enhanced.  The position of the United States, as well as Europe and the UK, will be greatly reduced.  Those are the major consequences.”

Eric King:  “Bill, you say China has over 4,000 tons of gold already, possibly as high as 8,000 tons.  Where do you see them heading in terms of their overall ownership of gold?”

Kaye:  “Well, they’re not done yet.  Gold has been leased out, and we do know this (takes place) because it’s been admitted to by the major central banks.  The Fed has admitted it, the European Central Bank has admitted it, the Bank of England has admitted it.  They’ve all admitted that they engage in wholesale leasing of gold to the market.   

In practice how that (leasing) works is the Fed would contact their agent, typically JP Morgan, sometimes Goldman Sachs, and they would say, ‘OK, the gold price needs to be capped, so here is 20, 30, 40, 50 tons (of gold) that we’re going to lease out to you as our agent.  But in theory we can call it back.’  

That’s a great theory, but in reality it’s nonsense because once JP Morgan and Goldman Sachs get the gold they sell it into the market.  So these bullion banks then become net-short gold.  And the Fed says, ‘Well, we still have a contract where in theory we can claim the gold.  So we’re going to report that we still own it in the official documents.’

But in reality the gold has been sold into the market.  That gold winds up in places like Beijing.  But before it gets to Beijing it frequently goes through Hong Kong.  And when it goes to Hong Kong, it goes to our refiner, the same people we use.  And by the way, Eric, we may own some of the gold that Germany thinks that they own.  But Germany will never see that gold because it’s safely stored in my account (and) for our investors at the Hong Kong International Airport.

Regarding that gold, which could have had the symbol of the Bundesbank on it when it arrived in Hong Kong, a leading refiner, one of the biggest in the world that deals with the People’s Bank of China (PBOC), certified that, ‘Yes, we’ve got gold available that we can deliver.  We’ve melted it down, we’ve tested it.  It may have had the Bundesbank symbol on it when it arrived, but now it’s melted down .9999 (fine) gold.’

That’s how it works in practice.  So the Fed gold, that Americans think is theirs, is gone.  The gold that the Germans have been told they will get back in 7 years, they’ll never get back because it doesn’t exist anymore (at the Fed).  I own it.  The People’s Bank of China owns it.  The Reserve Bank of India owns it.  The central bank of Russia owns it.  But the people of Germany (and America) don’t own it.”

Eric King:  “So they (the refiner) have admitted then that the Bundesbank gold, they get those bars in and they just melt them down?”

Kaye:  “What they’ve done is confirmed that everything I’ve told you is correct.  They get gold (bars) from all over the place, including major central banks, including the symbol of the central bank on them, and they melt them down.”

Eric King:  “But they’ve confirmed the Western central bank gold is where it comes from in many cases?”

Kaye:  “Reading between the lines, and you don’t have to read too much between the lines, it’s all a farce.  The gold is gone.  It’s been hypothecated and rehypothecated.  It’s gone.  Not only do the Fed and the U.S. Treasury not own 8,000+ tons, they probably own nothing.”

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Post time 2013-7-11 16:42:18 |Display all floors
Do you actually serve any useful purpose in life?

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Post time 2013-7-13 23:46:46 |Display all floors

Former US Assistant Secretary of the Treasury :  - The Fed Is Facing Collapse

Today a former US Assistant Secretary of the Treasuryl told King World News that the U.S. Federal Reserve is facing collapse, and is completely trapped at this point.  Dr. Paul Craig Roberts also warned that the Fed is continuing to interfere in the gold market as they desperately attempt to implement a new global plan scheme to protect the dollar.  Below is what Dr. Roberts had to say in this powerful interview.

© 2013 by King World News®.
July 12, 2013

Dr. Roberts:  “How can the Fed stop printing money?  If it stops printing money, the financial markets will collapse.  And when the bond prices fall from the bond collapse, then the values of the debt related derivatives on the bank’s books fall, and the whole solvency problem comes back.

So everything the Fed has been doing all of these years to try to boost the solvency of the banks is wiped out if the bond market collapses....

“So they are committed to printing money.  Now, what’s the long-term effect of endless printing of money?  It’s a house of cards, and at some point it has to blow-up.  Usually it (the blow-up) happens through the exchange rate.

I’m beginning to think that the purpose of the Trans-Pacific (trade) Partnership and the Trans-Atlantic (trade) Partnership that Washington is currently negotiating, is to pull all of the European countries and all of the Asian countries, minus China, into structured trade relationships with the United States.  It requires all of those countries to support the (U.S.) dollar.  They would be dollar-based trade relationships.

So the effect of these partnerships, in fact it may be their real purpose for them, is to achieve this dollarization of trade from Europe and Asia, and thereby a commitment from each of those countries to support the dollar.  That then lets the Fed continue this money printing for longer.  It can’t go on forever.  At some point the currency either finds it way into consumer prices, or people just lose faith in the dollar and abandon it, in which case the whole house of cards would collapse.

So it is a house of cards that the Fed has built, and the Fed can’t get out of it.  And it keeps doing things to perpetuate the house of cards.  Can you perpetuate a house of cards forever?  Well, it would be the first time if something like that happened (laughter ensues), and I don’t see that it’s possible.  When will the house of cards come down, Eric?  I don’t know.  But we’ve got one, and the Fed keeps finding new ways to perpetuate it.”

Eric King:  “When you look at what’s happened in the gold and silver markets, what do you make of their actions (interference) inside of those markets?”

Dr. Roberts:  “I think the decline in gold and silver prices is due to intentional shorting in order to protect the dollar.  The Federal Reserve (is trapped), until it can get all of these other protective mechanisms in place, such as these trade agreements.  If the dollar price of gold is rising rapidly, it raises questions about the dollar’s exchange rate to other currencies, and thereby threatens the quantitative easing.

If the gold price is rising so rapidly, how can the dollar be worth the same amount of euros or Japanese yen or any other currency?  People then start saying, ‘It can’t be, because look at what’s happening to the bullion price.  We’ve got to get out of these dollars.’

When you get out of dollars you depreciate the price of dollar-denominated assets.  So the Fed would lose control of the bond market and interest rates would rise.  Their policy would come undone.  I think that’s why they’ve been manipulating the gold price, driving it down, to create the impression that there is no alternative to the dollar.  At some point they will run out of the ability to do that.”

Dr. Roberts also added:  “What people are seeing is an empire that is overextended, can’t pay for itself, even with its NATO puppet states, and that will not give up its drive for hegemony.  So it continues to overexpose itself and this causes it to do things that are unethical and illicit -- Fix markets, lie, and the outcome of that is unpredictable.  So I think we face very unpredictable times.”

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Post time 2013-7-14 16:13:52 |Display all floors
Kbay Post time: 2013-7-14 00:29
Laoda's life certainly has more purpose than your parasitic one!

So I am a parasite? (a person who exploits the hospitality of the rich, an organism living in, with, or on another organism in parasitism, something that resembles a biological parasite in dependence on something else for existence or support without making a useful or adequate return ). How do you come to that conclusion?  

BTW Still waiting for you to tell us your occupation

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