Ukraine Loses All 33 Tonnes of Its National Gold Early One Morning

33 Tonnes of Ukraine gold gone

unmarked plane spirited 33 Tonnes of Gold away

It seems that last week 33 Tonnes of Gold left the Ukraine in an unmarked
aircraft and has left the country, presumably for safekeeping, but more than
likely forever. I doubt that the Ukrainian People will ever see that Gold
again.

The story broke two weeks ago in the Ukrainian Russian language publication iskra
News
.

Here is what the article states:

  • event took place at ‘Boryspil International Airport’
  • event occurred at 2 am
  • over 40 heavy boxes loaded
  • about 15 men in black with body armor – some armed with rifles
  • some other men got onto the plan
  • The plane took-off in a hurry (emergency take-off) destination unknown
  • When workers reported to local airport authorities they were told to “mind their own business”
  • The vehicles used to load to bring the boxes were unmarked
  • Order was given by acting Prime Minister Arseniy Yastenyuk

Here is my take on this story:

  • The Gold is gone forever
  • disappeared into the same black-hole as the Gaddafi Gold during the NATO raid on Libya
  • Mr Yastenyuk is not an elected leader of Ukraine
  • Mr Yastenyuk has experience as a Central Banker – is this really a coincidence?
  • rumor #1 – that the Gold was flown to the New York Federal Reserve
  • rumor #2 – flow to Switzerland to be shared/stored by Yulia Tymoshenko and cronies
  • plane was unwmarked and had no windows – hmmmm – if it was a 737 it is probably CIA Operations
  • rumor #3 – Blackwater did the dirty work – any filth Washington needs done can be done by these guys – murdering, rapping, looting, sacking …
  • GATA – Chris Powell – New York Fed on Ukrainian gold reserves: Don’t ask us
  • GATA – Chris Powell – Russian-Ukrainian news site describes transfer of Ukrainian gold to U.S.

Here is a Google Translation of the text:

As our site workers airport “Borispol” , this night in 2-00 , with the designated airport runway started unregistered transport plane …

According to the staff “Boryspil” , before it came to the airport four collector car and two cargo minibus Volkswagen, thus, all the arriving truck license plate missing . Car pulled out of about fifteen people in black uniforms , masks and body armor . Some of them were armed with machine guns . These people have downloaded the plane more than forty heavy boxes …

After that , some mysterious men arrived too entered the plane . All loading was carried out in a huge hurry . After unloading the car without license plates immediately left the runway , and the plane took off on an emergency basis …

All who saw this mysterious “special operation” airport officials immediately notified the administration of ” Boryspil “, from which received a strong recommendation ” not to meddle in other people’s business” …

Later, the editors called back one of the senior officials of the former Ministry of income and fees, which reported that , according to him, tonight, on the orders of one of the ” new leaders ” of Ukraine in the United States has been taken all the gold reserves in Ukraine …

So all very suspicious. Very, very supsicious.

© Copyright MMXIII RagingGoldenBull.com

Video – “Stop Thief!” – I am Being Robbed Blind!

Just made a Screencast of yesterdays Post called “Stop Thief! I’m being Robbed Blind!” – check-it out here:

 

Enjoy! As usual let’s us know what you think and give us your feedback.

P.S.
This video is also posted on http://www.youtube.com/RagingGoldenBull

© Copyright MMXIII RagingGoldenBull.com

Interesting Times …

The Chinese have an ancient curse which states:

“May You Live in Interesting Times”

Well guess what? That’s exactly what you are doing right now, but maybe
you just haven’t noticed it. Or maybe you just accept it now as normal.

Let me explain. We are living in the most unusual (read interesting) set
of financial circumstances that this world have ever seen.

Maybe you have been so exposed to it and so familiar with it that you now
accept it as normal. We no longer have a sound financial system. It has
been replaced with the biggest Ponzi Scheme of all time. What is
considered normal or acceptable has shifted, slowly but surely with the
passage of time.

Central Bankers are to be blamed for all of these woes (ok TBTF banks
too). But continually manipulating the supply of money in their respective
systems, they have diluted all our precious money. so much so, that we are
nearing the point of collapse, where it is just not credible anymore.

Take some precautions and make sure that you have at least 5 percent of
your net worth in some form of material asset: Gold, Silver, farmland,
land, or something. Of all Gold is probably the easiest to handle. That’s
why we recommend gold. It’s REAL MONEY!

So to recap. Don’t loose the faith and keep stackin’ …

© Copyright MMXIII RagingGoldenBull.com

No Way Out for the Federal Reserve

No Way out for the Federal Reserve

No Way out for the Federal Reserve

There is no way-out of here for the Federal Reserve now.

After so much talk of taper (“Taper-Talk”) the Fed finally didn’t follow-through. Why not? Because they cannot. That should be clear to anyone. There is not surprise here.

This is just talk. Schmoozing…Jive-talk…Rhetoric..Lies?

This is the clearest sign yet that Bernanke’s policies have failed. The rollback decision. He knows what’s coming and does not want to be around when it hits – and thus he is resigning (read – “get the hell out of Dodge!”) at end of year.

It is very, very, very simple to understand:

  • Interest rates MUST stay low
  • If not the amount of boring of US Government will bankrupt USA (it is already technically bankrupt)
  • So print money, buy bonds, keep rates low

There is a HUGE problem with this approach – They will either want to stop or be made to stop sometime:

  • They will be made to stop by other countries abandoning “incredible” US dollar (quite simply no longer sound money)
  • They will want to stop to try to restore credibility to the USD currency (not possible when printing 85 Billion USD per month – 1 Trillion USD per year)

When they stop (or the printing press is taken off them) the interest rates will rise.

The house of cards will fall.

© Copyright MMXIII RagingGoldenBull.com

Top Job Going at the Federal Reserve

Want a Top Federal Reserve System Job?

Top Federal Reserve System Job

Fancy a cushty job at the Federal Reserve? Nice and easy like their monetary policy? The rumor mill is busy suggesting that Ben Bernanke will do a runner at the end of the year – just before contract renewal in January 2014.

Go on! give it a try – you might just get it! I mean, how hard is it to print money, because that is the only “tool” in the Federal Reserve arsenal of tools.

Give it a try because you might just get it 😉

© Copyright MMXIII RagingGoldenBull.com

Video – The Creature from Jekyll Island (G. Edward Griffin)

This is a must watch video. If you really want to know how we got here, in the financial mess that we are in today, then you need to watch this video and understand exactly how we got here.

The Federal Reserve System is the greatest scam of all history – Because it is NOT:

  • Federal
  • a Reserve (there are no Financial Reserves)
  • a System (it is New York based – with the illusion of National presence)

Mr Griffin sites seven reasons why the Federal Reserve System shoul be abolished:

  • It is incapable of acheiving it’s stated objectives
  • It is a Cartel – Operating against the public interest
  • It is the Supreme instrument of Usery
  • It generates our most unfair tax
  • It encourages war
  • It destabilises the economy
  • It is an instrument of Totaliterianism

It’s long weighing in at 105 minutes – but Mr Griffin is a master public speaker, a diligent researcher, and above all it is highly entertaining piece that everyone should hear.

And know this – You can watch/listen to this video much quicker than it took Mr Griffin the years of painstaking research, or ever to read his weighty tome as the same (which is a MUST read, btw ;-)).

Split it into two parts if you must, or more, but make sure you understand all that is in this great, great lecture.

A closing thougt from Mr Griffin:

Federal Reserve System does not need to be audited…  It needs to be abolished!

 

I hear you Mr Griffin!

Keep stackin’ – FPOW FarleyB

© Copyright MMXIII RagingGoldenBull.com

Monetizing the Debt

In many countries the government has assigned exclusive power to issue or print its national currency to a central bank. For example, in the USA, The Federal Reserve Bank does this.

The government treasury must pay off government debt either with money it already holds or by financing it by issuing new bonds which are sold to either the public directly or the central bank, in order to raise the funds required to satisfy the debt. In this latter case where bonds are placed with the central bank, the central bank will create the needed money by conducting an open market purchase, i.e. by increasing the monetary base through the money creation process. This process of financing government spending is called monetizing the debt.

Monetizing debt is thus a two-step process where the government issues debt to finance its spending and the central bank purchases the debt, leaving the system with an increased supply of base money.

© Copyright MMXII RagingGoldenBull.com

Mark Carney Announced as next Governor of the Bank of England

A shock and surprise announcement from George Osbourne today as he announced the Canadian Mark Carney as the next Governor of the Bank of England. Do not doubt that this is one of the top jobs in the UK.

Mr. Mark Carney will be next Governor of the Bank of England

George Osbourne defended his decision by stating that Mr. Carney was:

“The outstanding Central Banker of his generation.”

He also said that he was the best man for the job in the whole world bar none. I think it speaks more for how unsuitable the home grown UK talent was than anything else.

This is the first time since the creation of the Bank of England back in 1694 that it has been governed by a non British subject, in this case a Canadian. But Mr. comes highly qualified for the job.

He has managed arguably the best economy in the world Canada which has not had one bank bailout. In fact he has come through with his reputation enhanced. He understands Capital Markets. He worked for Goldman Sachs for 13 years (possibly not such a good thing! Could this be a case of Goldman getting “their man” into the BoE, and a “printer” into the system?). He speaks fluent French, went to Oxford University, already lived in the UK for a decade, his wife and children are British subjects, and he will apply for British citizenship.

Mr. Carney is also the current chairman of the board of the Financial Stability Board (FSB) which in itself is a considerable achievement and vote of confidence as this organization includes all G20 nations

This is a slap in the face for Mr. Paul Tucker who was touted as the next Governor . Too bad, LIBOR scandal for sure screwed that one up, and his dealings with Mr Bob Diamond.

In another departure from the norm he will only serve a 5 year term instead of the more usual 8 year, and Charlie Bean will stay on serving his current term.

Big Question: How will this effect the UK money printing practices and will we see more Quantitative Easing with Mr. Carney at the helm?

© Copyright MMXII RagingGoldenBull.com

Video — Paul Grignons What the Heck is a Bailout?

Paul Grignon has produced another informative and some ways entertaining video about the money system called What the Heck is a Bailout?. This is only 9 minutes long and well worth a watch to explain what these terms “bailout”, “debt” and “money printing” really mean.

Also checkout his Money as Debt site and other work and give him some support if you can – we all need to play our part to help straighten things out here…An impossible task I know…

© Copyright MMXII RagingGoldenBull.com

All the Gold has Gone from Western Central Bank Vaults?

Eric Sprott of Sprott Asset Management is one serious player and you would do well to listen to him whenever he speaks.

 

The chief of Sprott Asset Management

The man himself on Bloomberg TV

He was just on Bloomberg TV discussing his recently published paper to which the conclusion is The Western Central Banks cannot possibly have any Gold Bullion left in their vaults.

The explanation is simple – gold supply has remained constant at approximately 4,000 tonnes per year. This has remained constant since the year 2000 – no doubt about that. However the annual amount that is being purchased on the open market is going up, with almost 500 tonnes over the amount mined in a year. So how his this possible? Where is the extra 500 tonnes of Gold coming from?

Sprott alludes to the fact that the central banks are “lending” it out for cash into the market. This should really be called “selling”, because this gold is never coming back. The trick is in their accounts and book-keeping. The banks are entering this as “Gold Reserves and Gold Receivables” – Receivables being code for we sold it, but we still want to keep it on our books.

If we were to try that kind of cheap trick we would be locked-up and they would through away the key…But a central bank? No problem – That’s ok boys!

You need to watch this interview – there are a lot of good nuggets of info in there…

© Copyright MMXII RagingGoldenBull.com