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Who lent 380 tonnes of gold to the BIS?

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Viewing 8 posts - 11 through 18 (of 18 total)
  • Tue, Jul 13, 2010 - 09:52am

    #11
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    Re: Who lent 380 tonnes of gold to the BIS?

http://www.24hgold.com/english/news-gold-silver-bis-gold-swap-signifies-a-threat-to-europe-not-to-gold.aspx?article=3005836072G10020&redirect=false&contributor=Michael+J.+Kosares

The sick aspect of this whole issue is;  if Portugal “lent” the BIS 99% of their gold in exchange for Euro’s, they’ll NEVER see that Gold again!  And they just swapped it to an organization that had to do NOTHING but hit a couple buttons on a computer, to create the Euro’s wanted!  So the wealth of a nation is just handed over to a bunch of greedy F in’ bankers for NOTHING!  

And on top of this, the Central Banks (BIS is the head of all central banks) keep saying that “Gold is Bad”.  Well, if Gold is so bad, why do they keep wanting more?  Huh?

People need to wake up to this scam!!!!

  • Tue, Jul 13, 2010 - 10:57am

    #12
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    Re: Who lent 380 tonnes of gold to the BIS?

[quote=LogansRun]

http://www.24hgold.com/english/news-gold-silver-bis-gold-swap-signifies-a-threat-to-europe-not-to-gold.aspx?article=3005836072G10020&redirect=false&contributor=Michael+J.+Kosares

The sick aspect of this whole issue is;  if Portugal “lent” the BIS 99% of their gold in exchange for Euro’s, they’ll NEVER see that Gold again!  And they just swapped it to an organization that had to do NOTHING but hit a couple buttons on a computer, to create the Euro’s wanted!  So the wealth of a nation is just handed over to a bunch of greedy F in’ bankers for NOTHING!  

And on top of this, the Central Banks (BIS is the head of all central banks) keep saying that “Gold is Bad”.  Well, if Gold is so bad, why do they keep wanting more?  Huh?

People need to wake up to this scam!!!!

[/quote]

 

Something is wrong with your link.

Try it here

http://www.24hgold.com/english/news-gold-silver-bis-gold-swap-signifies-a-threat-to-europe-not-to-gold.aspx?article=3005836072G10020&redirect=false&contributor=Michael+J.+Kosares

  • Tue, Jul 13, 2010 - 01:27pm

    #13
    Peak Prosperity Admin

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    Re: Who lent 380 tonnes of gold to the BIS?

Same S**T different day….

Here’s another link nk:)

http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html

  • Sat, Jul 24, 2010 - 11:06am

    #14
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    Re: Who lent 380 tonnes of gold to the BIS?

Here’s another article related to this story on Zero Hedge, entitled  “Guest Post: Gold Swap Signals the Roadmap Ahead”, by Gordon Long.  It’s at: http://www.zerohedge.com/print/172959 .

Since the BIS goes out of its way to ensure readers in its annual financial report that no private funds are accepted, maybe all we really need to know is what the BIS officially tells us. The BIS is owned and controlled by their member Central Banks. Therefore if the BIS was to do a gold swap of the magnitude of 349 metric tonnes, then board member Ben Bernanke would have known of it in advance and approved it. He would know exactly who the transaction was with and why. If he didn’t then he is legally negligent in his fiduciary responsibility as a BIS board [5]member, because of the size of the transaction and its material effect. Other board members include: Mervyn King, Governor of the Bank of England, Jean-Claude Trichet, President of the European Central Bank, Axel Weber, President of the Deutsche Bundesbank and William C Dudley, President of the Federal Reserve Bank of New York. You can’t have it both ways.

Though we can suspect many things, there is no other conclusion we can reach than the swap is part of an agreed upon plan or concurrence between these board members. So what is the possible understanding or plan?

 

  • Sat, Jul 24, 2010 - 04:39pm

    #15
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    Re: Who lent 380 tonnes of gold to the BIS?

Believe it or not, until ten years ago you could buy shares of BIS on the Zurich and Paris stock exchanges. Then the BIS decided to buy back all the publicly-traded stock for CHF 16,000 a share. Here’s their explanation:

The BIS is an international organisation whose principal object is to promote cooperation among central banks and thereby to contribute to international financial stability. Unlike a commercial bank, the primary objective of the BIS is not to maximise the return on the financial investment of its shareholders but rather to utilise its resources in fulfilling its public interest mission. The restriction of its shareholdership solely to central banks is therefore necessary to enable the BIS better to attain these objectives, all the more as the existence of a small number of private shareholders whose interest is essentially financial is no longer in conformity with the international role and future development of the organisation.

http://www.bis.org/press/p010108.htm

Reading between the lines of the opaque boilerplate, the real reason the BIS had to eliminate private shareholders was secrecy. Publicly-traded shares have reporting requirements associated with them. The BIS needs to operate in the shadows, so it can pull off stunts like the huge gold transaction with an unidentified party.

Central banksters are a lot like cockroaches: shine a bright light on them, and they scurry back into the dark crevices behind the baseboards.

Cool GOT RAID? Cool

  • Sat, Jul 24, 2010 - 05:01pm

    #16
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    Re: Who lent 380 tonnes of gold to the BIS?

[quote=machinehead]  http://www.bis.org/press/p010108.htm

Reading between the lines of the opaque boilerplate, the real reason the BIS had to eliminate private shareholders was secrecy. Publicly-traded shares have reporting requirements associated with them. The BIS needs to operate in the shadows, so it can pull off stunts like the huge gold transaction with an unidentified party.

Central banksters are a lot like cockroaches: shine a bright light on them, and they scurry back into the dark crevices behind the baseboards.

Cool GOT RAID? Cool[/quote]

Great, one MORE insect-pest to deal with!Smile

  • Sat, Jul 24, 2010 - 09:14pm

    #17
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    Re: Who lent 380 tonnes of gold to the BIS?

As Ben Bernanke awoke one morning from uneasy dreams he found himself transformed in his bed into a gigantic insect. He was lying on his hard, as it were armor-plated, back and when he lifted his head a little he could see his domelike brown belly divided into stiff arched segments on top of which the bed quilt could hardly stay in place and was about to slide off completely. His numerous legs, which were pitifully thin compared to the rest of his bulk, waved helplessly before his eyes.

What has happened to me? he thought. It was no dream.

http://www.kafka-franz.com/metamorphosis.htm

Actually the character’s name is Gregor Samsa, and the author is Franz Kafka. But I’m certain that Ben Bernanke identifies with the bit about the numerous skinny, hairy, articulated legs waving helplessly before his eyes.

That’s how ‘pushing on a string’ gets translated in your dreams. Laughing

  • Sun, Jul 25, 2010 - 01:10am

    #18
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    Re: Who lent 380 tonnes of gold to the BIS?

Good laugh, machinehead!  -Thanks!

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