How Germany "suddenly" remembered its gold
Sometimes the most curious information pops up in the information space as if by chance, passing. And from this the whole picture begins to play completely different colors.It happened with the German gold reserve.
Last week, the German authorities "suddenly" remembered that there was no gold reserve in Germany ... in Germany.
And for us this is an excellent reason to once again be convinced of, to say the least, the strangeness of the modern economic and political system.
Tell me, please, where do you keep your savings?
The answer may be different: on a bank account, in a bank, buried in the garden, in the form of cash in a vase on the shelf. One thing will be the same with any answer: you control your savings. You put the money in the bank, you buried the bank, in your apartment lies a stack of cash.
This is simple common sense.
But the German state (and many other countries of the world) act differently.
It stores its gold reserves in London, Washington and a little bit in Paris.
So supposedly safer.
Is it logical? In general, the logic in such reasoning was when the Soviet army was in the GDR. True, the Soviet Union never had any plans to capture the FRG, plans to launch a surprise strike FIRST. Therefore, the export of German gold reserves from Germany was not due to a real threat from our tanks, but just a desire to control the Germans themselves from the Anglo-Saxons.
But our army went home. The American and British armies remained in Germany. From whom they protect it today is a rhetorical question that always baffles the inhabitants of Germany.
From Poland, a member of NATO? From Holland, a member of NATO? From Luxembourg? Maybe from Denmark, a member of NATO?
Around Germany completely handshake Western democracies. Why on its territory are US troops?
And then, why the gold reserve does not return to German territory.
Germany is occupied, and its values are taken out by the winners to themselves.
This is nothing new; all the winners at all times did so. Only earlier, these winners didn’t powder their brains by talking about freedom and human rights - that’s what makes the difference with today’s.
German parliament "suddenly" preoccupied with the problem of preserving the country's gold reserves.
“... The state reserve in precious metal is 3396 tons, being the second in the world. At the end of last year, its value amounted to 133 billion euros, and now as gold has risen in price it has grown to 143 billion. Relevant information has been submitted to the Bundestag Budget Committee, which was the first acquainted with the report of the Federal Court of Auditors on the country's gold reserves and places of their storage. ”
Please note: FIRST attended to. It turned out wonderful things.
“The Accounting Chamber pointed out significant shortcomings in the accounting for gold reserves. In her opinion, its regular inventory is necessary. And this is only possible in the vaults of the Bundesbank in Frankfurt am Main, where only less than a third of the stock is stored - 1036 tons. In foreign vaults, the owner is not allowed to own gold.. But just there is placed a large part of the gold of Germany.
Karl-Ludwig Thiele, board member of the Bundesbank, said that gold parts are in the USA, UK and France. In particular, it was confirmed for the first time that 1536 tons of gold, or 45% of the German stock, are hidden in the New York Fed issuing bank. Another 450 tons are in the British Central Bank in London and 374 tons in the National Bank in Paris. Americans and French do not seem to be charging for storage, and the British charge 0,035 pounds for each ingot and every day of storage. ”
The most cunning, as always, were our British friends. Not only was the gold taken from the Germans, they also charge for storage. Almost two decades later, as the last Soviet tank, from which German gold bars were allegedly hidden, left the territory of Germany.
Gold control returns gradually. First, Berlin wants to return control. After all, it turns out that “the Bundesbank or independent experts have never been allowed to check the German gold reserves located in foreign issuing banks“ for real compliance and weight ”. That is, control has never been. In Berlin, just ... they knew that there were so many tons of gold in London and New York.
German parliamentarians are concerned about this. Can I refuse to check them? The Bundesbank, that is, the German Central Bank, which is independent of the state, previously refused to check anything. Indeed, why control the country's gold reserves? How can the British, Americans and French deceive? They are all democrats and completely friends.
But now the German parliamentarians insist. And since in the conditions of the Fed or the Bank of England it is impossible to melt ingots inside their vaults and see whether it is gold or gold-colored tungsten disc, German gold will begin to be exported to Germany for testing.
“To get along with the parliament and at least partially solve the dilemma that has arisen, Bundesbank decided to establish the required home verification. To this end, Thiele said, “over the next three years we will be bringing tons of gold to Germany from New York for 50 every year.” Then the Bundesbank will be able to check and melt the ingots according to the standard adopted in wholesale trade - size, weight and sample. In addition, parliamentarians are promised that the Bundesbank will continue negotiations on their rights of control on the ground in New York, Paris and London. ”
“In the next three years, the Central Bank of Germany will transfer from New York to Frankfurt 150 tons of its gold reserves. This will not only allow him to increase the amount of the precious metal stationed in Germany, but will also enable the Bundesbank to inspect the bars physically. Whereas common practice suggests receipt of annual receipt from auditors from USA, UK and Francewhere most of German gold is stored is that it is safe and sound. ”
Pay attention to two facts:
1. That the opinion of state controllers from the Accounts Chamber and, it would seem, the state bankers from the Bundesbank is different. The Board of the Bundesbank believes that partners can be trusted overseas. The Court of Accounts, however, believes that control is more than appropriate, as it concerns the “high value of the gold reserves.”
2. As before, the employees of the Bundesbank checked the presence of gold in their country: "Obtaining an annual receipt from the auditors". This is how you would put your money on a shelf in your friend's apartment and would annually check their presence by a phone call. Is money in place? On the spot.
The difference in approach is subordination. The Court of Auditors defends the interests of Berlin and, under the pretext of checking, tries to start returning the gold reserves to Germany. The German Central Bank (Bundesbank) defends the interests of world bankers and tries to do everything to leave the gold under their control.
Why would you return all gold to Germany? Is it reasonable? Full But one cannot answer that finding Germany’s gold reserves abroad is insurance in case of an attempt to get the Germans out of control. Therefore, to this logical question, the head of the German Central Bank meets ornate:
“When asked why Germany should not return all of its gold reserves to home, Carl Ludwig Thiele replies that gold located inside the country cannot serve as an immediate guarantee for the purchase of foreign currency. “Take, for example, the key role that the US dollar plays as a global reserve currency. Gold, which is stored in the Federal Reserve Bank of New York, in the event of a crisis, can be used as a pledge against the denomination of the dollar. Also, the liquidity of the pound sterling can be supported by the mortgage of the gold contained in the Bank of England, ”he says.
In general, the whole of this "suddenly" arisen concern of the German parliamentarians did not arise from scratch. In March, 2012, the German parliament decided to check do not German gold famously began to provide some transactions "partners from the Fed".
The struggle for sovereignty and the struggle for gold are surprisingly intertwined ...
I hope you already guessed where the gold reserves of most other countries are stored?
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