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