By Avalon & Shepard Ambellas
October 31, 2012
Why would one (faction) be interested in geoengineering one of the largest hurricanes in history?
A recent announcement by Ben Bernanke (Chairman of the Federal Reserve) in Washington DC just hours ago has some eyebrows raised.
The publication TheStockMarketWatch reported in a post titled RAW VIDEO: ConEd Power Station Explodes In NYC that the underground vault holding all of Germany’s gold reserves was completely destroyed. The actual source of this BREAKING NEWS FROM DC is The Daily Bail – here’s the quote:
In a hastily convened press conference, Fed Chairman Ben Bernanke announced Monday night that the ConEd explosion in NYC had completely destroyed the underground vault holding all of Germany’s gold reserves, thereby nullifying all recent German attempts at gold repatriation.
The gross value of the loss is $8,259,840,000.00 in today’s spot Gold/oz price of $1,720.80 at Kitco.com
Of course, like everything else, this is just a Conspiracy Theory – right?
Check back for more details as this news unfolds.
The background on Germany’s announcement to repatriate their Gold Reserves seems to coincide with the planning stages of ‘A Natural Disaster’ covering for a DHS slash FEMA operation.
But why would one be motivated to destroy German gold holdings within the United States, or make it appear that way?
Apparently Germany has been calling for an audit claiming that allot of their gold in American storage facilities has possibly gone missing and no physical audit has ever been done to date.
In an article published Tuesday inCoin Week, Louis Golino suggests, “If these reports are accurate, they have important implications for the future price of gold, and therefore for precious metals investors.”
“First, they suggest that much less mined gold exists than previously believed. Second, this is especially significant to the so-called manipulation thesis, which hold that governments act to surpress the price of gold,” Golino noted.
“If governments hold less gold than we thought they did, then their ability to affect the price will also be greatly diminished,” he advised.
Germany is believed to have 3,396 tons of gold reserves, the second-largest gold reserves in the world after the United States. German politicians, as well as Germany’s federal Court of Auditors, have requested that the Bundesbank, Germany’s equivalent of the Federal Reserve, check up on Germany’s gold reserves, the majority of which are in storage in offshore banks.
Initially, the Bundesbank rejected the demand, arguing, “The scope of the checks that Bundesrechningshof [the federal court of auditors] wants does not correspond to the usual practices among central banks. …There are no doubts about the integrity and the reputation of these foreign depositories
Last week, a report by Germany’s Federal Auditors Office was made public by the media including the Associated Press. The document observed Germany’s gold bars “have never been physically checked by the Bundesbank itself or other independent auditors.” Instead, it relies on “written confirmations by the storage sites.”
Some two-thirds of Germany’s gold reserves, worth $190 billion, are being kept in the vaults of the U.S. Federal Reserve (estimated at 66%), the Bank of France (8%) and the Bank of England (21%) since post-World War II, when Germany was concerned about a possible land war with the former Soviet Bloc.
In an article by By Ambrose Evans-Pritchard, International business editor
8:24PM BST 24 Oct 2012, titled Bundesbank slashed London gold holdings in mystery move, according to a confidential report by German auditors, Germany withdrew two-thirds of its vast holdings of gold from Bank of England shortly after the launch of the Euro. Quoting directly from the article;
Germany has 3,396 tons of gold worth €143bn (£116bn), the world’s second-largest holding after the US. Nearly all of it was shifted to vaults abroad during the Cold War in case of a Soviet attack.
The revelation came as Germany’s budget watchdog demanded an on-site probe of the country’s remaining gold reserves in London, Paris, and New York to verify whether the metal really exists.
The country has 3,396 tons of gold worth €143bn (£116bn), the world’s second-largest holding after the US. Nearly all of it was shifted to vaults abroad during the Cold War in case of a Soviet attack.
Roughly 66pc is held at the New York Federal Reserve, 21pc at the Bank of England, and 8pc at the Bank of France. The German Court of Auditors told legislators in a redacted report that the gold had “never been verified physically” and ordered the Bundesbank to secure access to the storage sites.
It called for repatriation of 150 tons over the next three years to test the quality and weight of the gold bars.
Confirming the German’s position of distrust with the United States government.