by Georgi Stankov, November 25, 2014
The plot thickens by the hour as the breaking news on gold are precipitating. The Dutch central bank announced last Friday that it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.
As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it’s climax – the referendum takes place on Sunday, November 30 – it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.
The gold, worth $5 billion at today’s prices, represents 20% of the Netherlands total reserves. It now keeps 31% of its reserves in Amsterdam. Another 31% is believed to be in New York, with the remainder spread between Ottawa and London – the same locations where the bulk of Swiss gold is purported to be stored.
The trend towards gold repatriation began with Hugo Chavez, bringing Venezuelan gold back to Caracas in 2011. It has been followed by similar moves by other large gold owning nations and central banks, most notably, Germany. The latter gave up its efforts to get its gold back under pressure from the USA, which told their stupid German vassals that the FED does not have the German gold – it has been sold long time ago, as ZeroHedge blog wrote in June: “Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there,” (Read also here the latest news about the biggest gold robbery of this century by the FED.).
At the same time Ukraine’s gold reserves were secretely flown out and confiscated by the New York Federal Reserve before the war in Eastern Ukraine was started by the roque Nazi Kiev regime as ordered by their USA masters. Only several days ago the Kiev junta was forced to admit that it has allegedly sold the country’s gold reserves in order to “optimize” the national reserves – all this at a time when the gold price reached a five-year-low. This only proves that this country is governed by imbecile and very dangerous zombies.
This repatriation movement has been driven by suspicion that the Federal Reserve and other central banks may have leased or sold gold they were holding on behalf of other countries to bullion banks and that this gold may have been used in order to suppress the price of gold in recent years.
Bizarrely, the Federal Reserve’s gold holdings have not been audited in over 50 years.
The last audit, and the last public visit, was in 1953, just after U.S. President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. So, there hasn’t been a comprehensive audit of Fort Knox in over 60 years ( for further information read here).
The Sunday’s referendum in Switzerland to repatriate its gold from the USA and Canada is of particular importance as it will be the litmus test whether the FED has any gold at all in its vaults. While the German demand was easily repudiated as Merkel and its government are pawns in the hands of the USA, as recently shown with respect to Russia and the Ukraine crisis, the FED will not be able to neglect the decision of the Swiss sovereign in a direct vote. It must return the gold to independent Switzerland as it did with the Netherlands last Friday. This repatriation of Dutch gold was done in exchange for this country to suppress the truth as to who gunned down the Malaysian flight MH17 over Ukraine – namely the Nazi Kiev regime with the explicit support of the USA.
Thus the Swiss referendum is the lynchpin of the current gold crisis as discussed in my previous article and will have huge repercussions for the whole Orion monetary system as Paul Craig Roberts discusses in his latest article “Swiss Gold Referendum: What It Really Means“.
The final blow to the Orion monetary system was given though just today when the influential leader of the French far-right National Front Party Marie Le Pen, the winner of the last European elections in France, urged in an open letter the day before the French Central Bank governor to ask for the repatriation of French gold from the USA. The news of this open letter is not to be found on a Google news search (in French), but only on the web site of Le Front National, which is the party for which Marine Le Pen is president.
Yes, the mainstream media in France, just like in the US, prefer to be silent on this critical issue. In France the puppet on power changed from Sarkozy to Hollande, but that made no difference. Hence there is no news about this important letter from the most influential independent French politician, who is also opposing the war of the Western cabal against Russia in Eastern Ukraine and is thus in vehement opposition to the NWO plan of the AAA.
Marine Le Pen asked for the full audit of all French gold, including test for purity, amount and where it is stored. She would like to see 20% of foreign currency reserves kept in gold, which is what the Swiss are asking for too. She also sees it as decisive for the future of France and unlike the Dutch is fully aware that the cold war is happening at the present time between the Western countries and the BRICS countries.
Here is the letter in full translated into English:
Mr Christian NOYER
Governor of the Bank of France
31 rue Croix des Petits-Champs
75049 PARIS cedex 01
Nanterre, November 24, 2014
Open letter to Mr. Christian Noyer on the gold reserves of France
On behalf of the French, and in my capacity as the main leader of the opposition, I have the honour to write to you, because it is my duty to present to you a query on the gold reserves of France, within the best interest of our nation.
Even before the outbreak of the crisis in 2008, the National Front had anticipated and informed the political institutions of the aggravation coming of the context macro-economic and geopolitical. In the framework of the economic model of increasingly right-wing adopted by France under pressure from Brussels, no economic fundamentals can improve sustainably. All the French can see that the austerity policies demanded by the European Union and the ECB and carried out by the government are a proven failure and have been serious for our country.
The monetary institution you lead has a historic mission to be the central bank depositary of the national monetary reserves including gold reserves. According to our strategic vision and sovereign, they do not belong neither to the State nor to the Bank of France, but the French people and also serve as the ultimate guarantee for the public debt and our money.
In the cold war, money that is played between the western countries and the BRICS countries, gold is gradually picking up an important role. According to the World Gold Council, the official reserves of gold from China, India and Russia increased significantly between 2007 and 2013.
For these reasons and in light of the rapid increase of global systemic risks, it is of the utmost importance to the future solvency of our nation to engage, by mid-2015, a procedure detailed auditing the results of which will be the subject of a report. This report will have to obtain the validation of the authorities macro-prudential French, CAPRA, and then will be made public in the year.
This comprehensive audit should contain :
- a complete inventory of the quantities of physical gold, the currently displayed at 2435 tonnes, as well as their quality (serial number, purity, bars ‘Good Delivery’etc.), conducted by a body independent French (to be defined). This inventory, under the control of an usher, will need to indicate the country in which the gold reserves are stored, in France or abroad.
- A census of any contract of commitment financial official or secret vis-à-vis banks and private companies, or bilateral loan between France and national or international institutions, having secured the gold of France in order to ensure the rescue of the euro. In this case, the comprehensive audit shall contain the terms and conditions of contracts of employment, or loans.
By the way :
- On the 30th of November, will be held in Switzerland a vote following a request for a referendum on popular initiative ” Save the Switzerland’s gold ” of the party (UDC Democratic Union of the Centre), which offers the repatriation of their gold reserves on their land.
- It is understood, at the request of some national central banks advised, this phenomenon of campaign for the ” return of the gold reserves of the national and democratic control exists since 2013 in Germany (Bundesbank), Poland etc.
- It is understood that the Dutch central Bank has recently indicated that it had repatriated 122,5 tons of gold.
- It is understood that, on may 19, 2014, the Bank of France to the side of the other banks of the Eurosystem, has announced that it has signed the Washington agreement on gold sales CBGA 4 (Gold sales Under the Central Bank Gold Agreements), which does not provide for quotas on sale this five-year period (2014 to 2019), in contrast to the three previous agreements.
- The fact is understood that the Bank of France already independent, conducted in the framework of the agreement CBGA 2, gold sales in 2004 as decided by Nicolas Sarkozy, then minister of Economy and Finance during the Raffarin government.
The official objective was displayed to manage more actively in the foreign exchange reserves of the State in order to generate € 100 million of additional tax revenue in 2005. N. Sarkozy also said that the sale of gold would be used either to finance investments that prepare for the future, either to reduce the debt, but in no case to fund the operating expenses “.
Over the period 2004-2012, about 614,6 tonnes of gold have been sold by France while at the same time the other Eurosystem central banks including the ECB pledged to limit their gold sales. According to a report by the Court of Auditors of 2012, this is extremely costly to the government and constitutes a serious violation of the national heritage, carried out without any democratic consultation.
The Governor, according to your statements, ” gold remains an important element of global monetary reserves”. For the French, you are considered to be the guarantor of last resort of the safety of this gold reserves and, therefore, the stability of our currency and the stability of the national financial. As a result, your responsibility is immense.
Also, depending on the situation, we will find out, I urge you to proceed :
- The repatriation urgent on the French soil, all of our gold reserves abroad.
- Has the immediate termination of any program to sell gold.
- Conversely, a progressive reallocation of a significant part of the foreign exchange reserves in the balance sheet of the Bank of France, for the purchase of gold, at each significant decline in the price of an ounce (recommendation 20%).
- The suspension of any contract of commitment, financial or lending gagerait our gold reserves.
- The statement of assets and financial transactions of gold in 2004 ordered by N. Sarkozy.
The implementation of these measures is decisive for the future of France in the face of socio-economic problems that may occur.
Just like your heroic predecessors of the Bank of France in 1939 and 1940 had organized the evacuation of the French gold, you will need to undertake this vast security operation of the national treasury, patriotic act which will be recognized in time by public opinion.
I hope that, respectful of your duties as a high official in the service of the State, you know to show the clarity and the courage necessary to the defence of the general interest of our country. The challenge is considerable, it is the future of France, which it is !
I beg you to accept, Sir, the Governor, the expression of my highest consideration.
Marine Le Pen
Hence all current events point to a stipulation of the financial crisis at the beginning of next month. This trend is reinforced by the opening of the second huge portal Nov 22 -25, which is actually the continuation of the so far most powerful Portal of Truth, Nov 11 -21.
One of the basic truths that must be revealed in a painful manner is that the Western banks have no gold as they have sold it long time ago to private members of the dark ruling cabal. The revelation of this truth can only happen through a sudden worldwide infarct of the financial markets and the shutdown of all banks, private accounts and savings of the people. There is no other way how to awaken this dumbed down humanity but to deprive it of its most beloved toy – paper money and plastic credit cards, being also the most powerful hypnotic (sleeping pill) that has so far prevented the awakening of the masses.
After that anything is possible and much will happen in this state of collective paranoia and angst of impoverishment. This will be the triggering point for our ascension as the coming problems of this slumbering humanity cannot be resolved by conventional means, but only by virtue of sweeping cataclysmic events such as the MPR. However we, the new Logos Gods, are not supposed to experience this dreadful reality as we have already ascended and are now only lovingly accompanying humanity to its dreadful and highly educational end.