October 27, 2012
fell below $1,700 an ounce. This prompted caution in the metals markets as the Federal Reserve Bank continues its purchases of the mortgage-backed securities.
The mainstream media touts this act as an attempt to stimulate the American economy; however it is nothing less than a land-grab by the technocrats.
Overseas, Germany’s central bank has neglected to audit the country’s estimated 3,400 tons of gold reserves. This resource would be desirable to the technocrats at this critical time – when they are endeavoring to implode fiat currencies in the EuroZone. Those gold stores are in the hands of the Federal Reserve headed by Ben Bernanke.
It is supposed that the same 3,400 tons of gold (valued at an estimated $190 billion) is currently in the possession of the central bankers in the US, France and England; assuming that this gold is the same gold that was stored at the end of the Cold War.
While the technocrats are trying to figure out how much gold they have amassed through the implosion of various sovereign nations under the direction of the global devaluation of the Euro, the BRICs nations have been backing their fiat with precious metals and preparing to bring the world back to a gold standard.
In the 1800’s, Adam Smith wrote the Wealth of Nations. Smith concluded his book by saying that if countries held gold as currency, they are a risk to the rest of the world. Since gold can be picked up and moved to another location, the psychical gold itself poses a risk to the sovereignty of a nation; and that nation’s ability to retain their sovereignty by which the gold affords them.
The technocrats operate under the credo that gold must be kept off the market because the controlling the known amount of gold secures their advantage of its price and worth. In this way, the wealth of a nation could be manipulated because the central bank would be the only institution that would know exactly how much gold any nation had in their possession; while simultaneously printing fiat to devalue the worth of the country’s currency.
Smith concurs when he states that less wealth that is circulated possess a hindrance to the growth of any nation. And therefore the elimination of the gold standard serves only to hide the wealth of all nations and create financial dependence on the technocrats to value all fiat.
Greece is very attractive to the technocrats. The nation has massive untouched resources of gold, oil and natural gas – literally under the feet of the Greek people. With Greece slated to be the biggest producer of gold in 2016, the motives behind the bankster’s coercion of the Greek government into soverign debt begins to make sense.
The Greek government agreed to the technocratic demands for sovereign debt in exchange for the bailout which will push the Greek economy further down with more fiat pumped into the system. Meanwhile, the citizens of Greece will lose their independence, benefits and become serfs to the central banking cartels.
Earlier this month, hundreds of protesters gathered to stand up against the acquisition of Greece’s Halkidiki gold mine to the banking elite. Police detained 21 protesters while reports said only 3 demonstrators were hurt.
In Greece, demonstrators came out in Athens by the thousands to demand their government discontinue the systematic destruction of their country under new austerity reforms. Police in riot gear reported that the protesters threw Molotov cocktails and took aim at the Greek parliament building. They were met with tear gas.
The Canadian based Eldorado Gold Corp (EGC) is more than willing to be part of the creation of gold mines in lieu of the financial collapse in Greece. Along with the Australian-owned Glory Resources, EGC is hoping their efforts will add 425,000 ounces of gold (worth an estimated $757 million) to the institution that ends up controlling Greece’s finances.
Other resources in Greece which places the nation in the hands of the banking cartels, are the substantial sub-Mediterranean natural gas and petrol fields at the precipice of the country. Controlling Greek energy exports would be extremely profitable for the technocrats. Numerous European-based corporations are bidding to have contracts for the extraction of these resources.
In light of this, the monetary destruction of Greece by the central banksters makes quite a bit of sense. Not only would they control the fiat, but they would have their hand over these natural resources which would devalue the oil deposits in the Middle East.
At the latest talk at the European Council Summit, the centralization of monetary power was established with the single supervisory mechanism (SSM) that justifies a new control system of fiat distribution and acquisition for the purpose of regulating capital and liquidity with the Technocrats overseeing compliance for more than 6,000 banks in the Euro Zone. Read more>> Technocratic Control Over Greek Gold is Reason For Destruction of Economy