11.20.2009

and whom do we have to thank for all this financial destruction?

1. zinc dimes, tungsten gold & lost interest, by Jim Willie

excerpts:

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 HERE), dated 12 November 2009.


[snip]

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.

[snip]


The Exit Strategy will lead to a road paved by Weimar Dollars. The world's major financial centers outside the central bank accomplices are ditching their dollars. They are diversifying out of US$-based bonds of all types. They are accumulating gold. Some are investing in facilities that are vertically integrated with commodity production, transport, and trade. Like China! The USGovt is investing, by contrast, in clunker cars, still more houses, dead car industry, spoiled AIG insurer, a mortgage cesspool Fannie Mae, pork projects (see unused airport in Johnstown Pennsylvania), and phony war on terrorism for syndicate gain. Quite a contrast! With the news spreading globally about tungsten-laced gold bars, or actually gold-plated tungsten bars, the reputation of the Untied States will grow more tarnished, and more regarded as the most diversified field of financial corruption in modern history, if not all human history.


[snip]

During the president visit to Beijing, Obama has been reminded of who the master creditor is. It is China. In public no discussions are made of the Chinese concentrated pressure in London at the metal exchange. Taboo topic. The US President has slipped on three key topics, with mention of the human rights issue, currency manipulation, and the future of communism. The US has no place to lecture any other nation. In the US the new development is dangerous virus vaccines, its resulting debilitation, and confiscation of life savings via Wall Street fraud, so keep human rights talk down. In the US the new development is formation of the Politburo with Czars (without legal power) and the confiscation of homes by Fannie Mae. The rental of Fannie Mae homes after lost title through foreclosure is the last roadway to state ownership of property once held by the proletariat. So keep talk of communism down. In the US the chronic ongoing development is interventions in financial markets with an objective to maintain the USDollar at least double its true value, and to lift stocks of big banks that are insolvent after phony accounting rules were adopted, endorsed, blessed as good. So keep the currency manipulation talk down. China is actually moving toward capitalism, while America has forgotten what capitalism is, and marches with right foot in fascist mud and left foot in communism mud. Some call the US president a puppet of Wall Street, confirmed by his appointment of Goldman Sachs to run the Dept Treasury.

much more @ financial sense

h/t incoming


2. gold sucking machine hidden in clear sight

excerpt:

“Pressures mounted in early October at the London metals exchange as gold contract holders demanded delivery of gold. My source tells me that the parties demanding gold were almost exclusively Chinese. It is mostly private billionaires. Their stated motive was to diversify out of US$-based assets. Their rumored motive was to ruin the exchange, expose the chronic fraud linked to government ministries, and force the USDollar to fight in the open to demonstrate value or lack of value. The source said the next round of gold contract delivery pressure comes in late November, then again in March 2010, and finally in June 2010. He said the gold is gradually being drained in London, and that all demands for gold delivery were met in October, using legal force, the courts, and powerful attorneys. Not a single gold contract was settled for cash with a 25% dividend bribe.

He concluded that the financial system will be broken at the gold-USDollar cross beam. He openly stated that he could not conceive of the system holding together past June of next year, and a severe test is likely in March 2010. He said with sly tone, "”

more @ phekkwitz ahoy


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