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Store Your Gold At The Bank Of England And You Might Never See It Again Reader 02/01/2019 (Fri) 14:57:28 Id: 5ffe96 [Preview] No. 13847
In early November 2018, it first came to light that the Bank of England in London was delaying and blocking the withdrawal of 14 tonnes of gold owned by the Venezuelan central bank, Banco Central de Venezuela (BCV). At the time, Reuters and The Times of London both reported that according to unnamed British ‘public officials’, the delays were being caused by the difficulty and cost of obtaining insurance for the gold shipment back to Venezuela, and also due to “standard measures to prevent money-laundering“.

As I explained in a BullionStar article on 15 November titled ‘Bank of England refuses to return 14 tonnes of gold to Venezuela’, the explanations given to Reuters and the Times for the withdrawal delays were completely bogus, and that the real reason for blocking the BCV gold withdrawal was undoubtedly US and UK joint government interventions to stall the withdrawal. As I wrote at the time:

“The reasons put forward by official sources in the Reuters and Times articles for why Venezuela can’t withdraw its gold from the Bank of England are clearly bogus. The more logical and likely explanation is that the US, through the White House, US Treasury and State Department have been liaising with the British Foreign office and HM Treasury to put pressure on the Bank of England to delay and push back on Venezuela’s gold withdrawal request.”

As it turns out, this was an entirely correct prediction, since by 25 January, Bloomberg confirmed in an ‘exclusive report’ (two and a half months later) that:

“The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of StateMichael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets, according to one of the people, who asked not to be identified.”

Why Bloomberg took so long to state the obvious is not clear, but from the outset, the entire interventionalist playbook of the Americans and British in this saga has been entirely predictable to anyone observing the situation. This intervention by the Bank of England on behalf of the US and UK shows a complete disregard for sovereign gold property rights, and the Bank of England has now literally ripped up a custody gold storage agreement that it had entered into with another of the world’s central banks.

Predicting the Coup – Look to the Gold

More interestingly, the Bank of England’s stalling tactics on the BCV gold withdrawal has also been useful in predicting the timing of the current Western powers’ move against Maduro and in signaling how long this foreign backed coup has been in the planning in Washington DC and elsewhere. Let’s look at a few facts and their timing.

From at least early September 2018, the Bank of England (BoE) began stalling on allowing a central bank gold custody customer (the BCV) to withdraw sovereign property (gold bars) that the BCV had entrusted to the Bank of England under a gold custody agreement.

Why early September 2018? Because, as the Reuters report dated 5 November stated, the BCV gold withdrawal request had “been held up for nearly two months”. This would put the original BCV withdrawal request to at least early September. And since the BCV’s gold withdrawal request was not actioned by the BoE at that time in early September, then this implies that the Bank of England already had its instructions to begin stalling the BCV during at least early September, which also implies that the British and US governments were already involved.


Reader 02/01/2019 (Fri) 14:57:49 Id: 5ffe96 [Preview] No.13848 del
>>13847
Arguably, concern in Bank of England, British Foreign Office and US State Department circles, and associated hatching of plans to stall and block BCV gold bar withdrawals, could have began as early as April 2018. This was the month in which the BCV paid Citibank $172 million to recover gold bars at the Bank of England that the BCV had put up as collateral in a gold swap operation with Citibank. According to a Reuters article last June about the termination of this BCV-Citi gold swap, “the policy [of the BCV] is to recover the gold“.

So when the swap was closed out last April, the Bank of England and associated intelligence actors (UK Treasury, Foreign Office, State Department, US Treasury etc) would all have known that the BCV again had title to some gold bars in the Bank of England’s vaults and wanted to “recover the gold”. So its also possible that the BCV gold withdrawal request to the Bank of England was pending from at least May onwards.

https://archive.fo/7pttl
https://www.zerohedge.com/news/2019-01-31/store-your-gold-bank-england-and-you-might-never-see-it-again-0


Reader 02/01/2019 (Fri) 18:16:16 Id: 3fd2c7 [Preview] No.13853 del
(125.59 KB 278x455 Blankfein.png)
(52.11 KB 281x451 Maduro.jpg)
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At least Mark Carney is Canadian-Irish (appointed by Chancellor of the Exchequer GIDEON Osborne), but he did work for Goldman Sachs under Lloyd Blankfein 2008-2013. Of course Nicolás Maduro wants his gold.



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