6139008-History-of-Money

efused to back the dollar with gold, vast quantities of gold have been taken from Fort Knox and deposited in Europeanbanks. Nobody is allowed access to the gold supply and they refuse to submit to a full AUDIT by an INDEPENDENTAuditing Company.Here is a quote from a gold market watch website called Zeal.com: "In a gold lease transaction, a central bank loans goldout to a high-quality borrower, usually called a “bullion bank.” The central bank physically delivers real physical gold fromits vaults to the bullion bank, creating a gold loan. The central bank then gets to keep the gold on its books as an asset,because the loan is contractually supposed to be paid back in the future, and fee simple title never technically changes onthe fungible gold. The end result is the central banks can dump gold and depress the gold price while at the same timemaintaining the fiction that the gold is on hand in their vaults to back their fiat currency experiments.""Official" U.S. gold reserves as of May 2001 are about 8000 tonnes. Total amount of gold leased out is 15,000 tonnes.Where did all the gold come from?? Quoting again from the Zeal website: "Estimates of the total amount of gold leasedrun from 5,000 tonnes from the anti-gold partisans to 16,000 tonnes from pro-gold factions. After all of our research, wecertainly believe that number is on the high end of the scale. If, for example, 15,000 tonnes of central bank gold has beenflooding the global gold market in the last decade that would explain much of the drop in the gold price. This is theequivalent of six YEARS worth of TOTAL World gold production being dumped on the open gold markets. Naturaleconomics laws dictate that when a wave of artificial marginal supply temporarily overwhelms natural demand, pricesplummet."http://www.gata.org/cnn042301.html Gold Anti-Trust Action Committee: Exchange StabilizationFund/Bundesbank Gold Swap Operation Exposed Source: Business Wire Publication date: 2001-04-23DALLAS--(BUSINESS WIRE)--April 23, 2001--The Gold Anti-Trust Action Committee will reveal proof of the suppression ofthe gold price by the U.S. and German governments and bullion banks at the GATA African Gold Summit on May 10,2001, in Durban, South Africa. Attending will be government officials from South Africa and other African gold-producingcountries, representatives of South Africa's National Union of Mineworkers, major gold producers, and the World press.For more than two years GATA has claimed that the gold market has been manipulated lower by a faction of the U.S.government and a cartel of bullion banks to the detriment of mostly poor gold-producing nations. One of the speakers atthe Durban conference, GATA consultant Reginald H. Howe, has brought suit in U.S. District Court in Boston, againstparticipants in the scheme. The defendants are: the Bank for International Settlements; Alan Greenspan, chairman of theBoard of Governors of the U.S. Federal Reserve System and a director of the BIS; William J. McDonough, president of theFederal Reserve Bank of New York and a director of the BIS; five major bullion banks, J.P. Morgan & Co., ChaseManhattan Corp., Citigroup Inc., Goldman Sachs Group Inc., and Deutsche Bank; and Lawrence H. Summers, formersecretary of the treasury, who by law exercised control over the U.S. Exchange Stabilization Fund (ESF), subject only toapproval by the president.On April 19, 2001, Reg Howe presented the following to the court. It is posted at http://www.gata.org/lawsuit.html . "TheDepartment of Justice's memorandum on behalf of the Secretary of the Treasury's motion to dismiss asserts and reemphasizesthe secretary's contention 'that in fact the ESF has no holdings of gold and has not traded in gold or goldderivatives since 1978.' "The plaintiff has recently discovered a highly relevant statement in the transcript of the FederalOpen Market Committee's meeting on January 31, 1995. Responding to a question by then Fed Governor LawrenceLindsey about the ESF's legal authority to engage in a financial rescue package for Mexico, J. Virgil Mattingly, the Fed'sgeneral counsel, stated: "'It's pretty clear that these ESF operations are authorized. I don't think there is a legal problemin terms of the authority. The statute (31 U.S.C. s. 5302) is very broadly worded in terms of words like 'credit' -- it hascovered things like the gold swaps -- and it confers broad authority.'" James Turk, who also will speak at the Durbanconference, revealed the following in a recent commentary, "Behind Closed Doors," which also can be read athttp://www.gata.org/lawsuit.html.: "The Treasury Department has changed the designation of nearly 1,700 tonnes ofinventoried gold at the U.S. Mint's facility in West Point, N.Y., which is approximately 21 percent of the total U.S. goldreserve, from 'Gold Bullion Reserve' to 'Custodial Gold.' "The August 2000 Status Report on U.S. Treasury-Owned goldstored at West Point has a designation of 'Gold Bullion Reserve.' But the September 2000 and subsequent status reportsinexplicably designate this same gold that is stored at the U.S. Mint at West Point as 'Custodial Gold.' "This change in thedescriptive label for nearly 1,700 tonnes of gold at West Point from 'Gold Bullion Reserve' to 'Custodial Gold' waspurposeful. It happened for a reason. This conclusion is all the more plausible because the Treasury did not change theclassification from 'Gold Bullion Reserve' to 'Custodial Gold' to describe the gold stored in Fort Knox or at the U.S. Mint atDenver."Turk goes on to establish "that the ESF has 'gold swaps' with the Bundesbank. According to Turk, "It therefore does notrequire much conjecture to add one supposition to the equation by concluding that the gold at West Point has beenswapped with gold owned by the Bundesbank, thereby necessitating its reclassification from 'Gold Bullion Reserve' to'Custodial Gold.' The Treasury Department wanted to make gold available to some bullion banks." "We now know whathas happened. The Bundesbank has loaned 1,700 tonnes, half its 3,400 tonnes reserve; the other 1,700 tonnes wereswapped for gold in the U.S. reserves, requiring the change in the West Point vault from 'Gold Bullion Reserve' to'Custodial Gold.' "In other words, the Bundesbank's vault is empty because half its gold is stored at West Point, notEurope, and the other half has been loaned out." Further evidence of the validity of the GATA/Turk claims come from theBundesbank itself at http://www.bundesbank.de/ezb/de/publications/pdf/statintreserves.pdf .On Page 37 on the PDF file,The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 231