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Coffee and Those Thinking’s on a Thursday – January 24th, 2013…

I am sipping that great cup of coffee and this time it is a German branded coffee. I try coffee and thinking’s from all over the world and I find that in general, coffee is coffee, but thinking’s are not just thinking’s…

According to where you are from and how much you allow the media to alter your thinking’s. The simple fact that killing children can be either a wondrous thing (Such as predator drone killings all over the world) to the end of society (such as the Sandy Hook massacre)…

I guess I am an old fashioned and you “can not teach old dogs new tricks,” kinda guy! Killing children anywhere in the world is a damn bad thing and “that is that”. But times have changed and we seem to be very happy to kill children all over the world in the name of national security of the USA…

So: coffee is coffee and my thinking’s are what count as I write this! That my friend is what this article is about, “My Thinking’s!” Be those thinking’s are different from yours, is your problem and not mine…

Apart from the first thought above, that second sip of coffee made me contemplate the gold issue between Germany and the USA. Germany is asking for some of her gold back and America has responded that it will take 7 years to get it returned… !!!???

What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany’s 300 tons of gold. This is the same Fed that, in its own words, holds some “216 million troy ounces of gold” or some 6720 tons, in its vault 80 feet below ground level. (Source >>>)

Hmm! Seems fishy to me…

That third sip of coffee brought this revelation: Hillary Clinton is a Psycho and she is loosing it as she is set up to be the fall guy in Obama’s world of fantasy as president. Did you see Hillary at the inquest of Benghazi? Hoo Hoo Hoo is was a trip and she is not happy with taking the blame and being the fall guy, or should I be politically correct and say, “Fall Person?”

That fourth sip of coffee as I shook my head in realization of what is happening in the world. Was centered on Mali and the Western Empires faltering system and finances. We destroyed Libya and now those wonderful rebel people who we armed to the teeth, to kill Gaddafi, are trying to bite the hand that feeds it. We must have done a poor job of feeding the wonderful rebel people?

Notice how Syria has taken a back seat to Mali? By the time we come back to Syria, maybe we can claim that 10,000,000 people have died there at the hands of the Syrian government and that the rebels are so innocent that they are born again Christians twice over…

That fifth sip of coffee saw me looking at a shot over the Empires bow! Here is one of many things that Lavrov said yesterday: Lavrov warned the Western Empire, who are led by the United States, against any military strike on Iran’s nuclear facilities to prevent Tehran developing nuclear arms. This, he said, was a “Very, very dangerous idea.” This is a red line being drawn and formed…

That sixth sip of coffee saw me looking at, Report: Top al Qaeda leader killed – CNN…

Do you realize how many al Qaeda leaders that we have killed? It seems to be in the thousands. Almost every damn al Qaeda must be a leader! No wonder they are winning! I read these reports as this: Today Afghanistan news sources said three children killed in illegal drone strike and the next day American news says, Three al Qaeda leaders killed in drone precision drone strike in Afghanistan…

The seventh sip of coffee saw me looking at: “Women in combat: Pentagon to overturn military ban!” Okay, I guess our women need to get in on the action and kill some children also. That just makes the circle of life complete. Go women and then you can have a extremely high suicide rate also, just like the men you so wanna be…

That eighth sip of coffee had me thinking about the way China is showing massive support for disarming America. Oh yes for those of you mentally incapable of seeing outside the box! The world outside the box is dancing at the thought of America disarming her civilians. In fact I have seen article after article from China, Russia, Asia, Europe and many many other places, that is Gung-ho in support of Obama taking away those weapons of mass destruction from Americans. Sneaky world and you will not see this unless you dig deep for the Western press really ignores it… (Example: China Calls for ‘No Delay’ on Gun Controls in U.S.) or (China to Obama: Gun Control Works!!!)

That ninth sip of coffee had my mind wandering back to women on the front line in the military! Seems kinda stupid as I think back to what I have seen! God Bless America, because she is going to need all the help with morals she can get, when we have women being subjected to the quagmire of ^%$& that entails a front line assault and you are shooting children with hand grenades as they advance upon your line of defense. The children do this because we are invading their land and that is what you do when someone invades your land. Kill at any and all cost, for they have all to gain/lose and we are the invaders…

I guess I am too old fashioned! What happened to the desire to nurture babies instead of killing them? What happened to protecting women and children? What happened to “The Hand that Rocks the Cradle!” Oh I forgot! That is discrimination to think women should raise children, so that societies will be better. Also we want to disarm civilians and at the same time lets make better killing machines out of our women…

It is said that if you corrupt a man – you corrupt a man. But if you corrupt a woman – you corrupt society…

What indeed did happen?

I sipped another sip and decided that I will stop! My blood pressure is up and I despise what the world is doing to the innocent people and I really do not want to talk about how we are marching a path to war and Russia just set a red line in the sand…

I thought about the song: “Why Can’t we be friends…”

Kyle Keeton
Windows to Russia…

One Comment

  1. admin Post author | January 24, 2013

    Germany is repatriating its gold reserves from the New York Federal Reserve. This decision has created a frenzy in the gold market. But that is just the tip of the iceberg.

    According to the NY Fed, there are (2012) approximately 530,000 gold bars, with a combined weight of circa 6,700 metric tonnes stashed away in the Fed’s Lower Manhattan vaults.

    These are official figures which are impossible to verify.

    The gold is stored in the fifth sub-floor of the New York Fed building on Liberty Street. The vaults on the bedrock of Manhattan Island are located 80 feet below street level.

    Each of the 530,000 gold bars weighs 400 troy ounces, or about 12.44kg.

    At today’s market value of approximately US$1700 dollars a troy ounce, the New York Fed has within its vaults a multi-billion dollar treasure trove.

    The 400-ounce gold bar is quoted at $677,640.

    A 1kg gold bar is quoted at about $55,000. (purchase price)

    Each metric tonne of gold is worth approximately $55 million.

    The total value of the New York Federal Reserve’s gold bullion trove of 6700 tonnes is a staggering $368.5 billion.

    But according to the New York Federal Reserve: “We do not own the gold. We are mere custodians.”
    A wall of gold bricks in the globally owned collection at the Federal Reserve Bank of New York. (Photo courtesy of the New York Fed’s press center)

    The gold is in “safe-keeping” on behalf of more than 60 sovereign countries and a few organizations. Close to 98 per cent of the gold bullion stored in the NY Fed’s lower Manhattan vaults, according to the Fed, belongs to central banks of foreign countries.

    The remaining 2 per cent “is owned by the United States and international organizations such as the IMF.”

    Germany’s central bank owns a total of 3400 tonnes of gold. According to recent reports, a staggering 69 per cent of its gold bullion bars (namely 2346 tonnes) are held in custody at the New York Federal Reserve, the Bank of England and the Banque de France.

    The NY Federal Reserve Bank holds in custody 1536 metric tonnes of gold owned by the Bundesbank of the Federal Republic of Germany, 22.9 per cent of its total gold holdings in custody (6700 tonnes).

    The Bundesbank has announced that it will repatriate “all of its 374 metric tonnes stored at the Banque de France (11 per cent of its total reserves), and 300 metric tonnes held in the vault of the New York Fed, reducing its share in the US from 45 per cent to 37 per cent.” .

    Two other European countries, namely Italy and the Netherlands, have significant yet undisclosed gold bullion reserves held in custody in the vaults of the NY Federal Reserve Bank. There are no immediate plans to repatriate this bullion.

    While the NY Federal Reserve Bank does not actually own the gold, it is guardian of a multibillion-dollar gold treasure, which indelibly provides ‘collateral’ (at virtually no cost) as well as ‘leverage’ in its multibillion-dollar central banking operations, often at the expense of its European partners.

    The New York Fed’s gold vault on the basement floor of its main office building in Manhattan provides account holders with a secure location to store their monetary gold reserves.

    None of the gold stored in the vault belongs to the New York Fed or the Federal Reserve System. The New York Fed acts as the guardian and custodian of the gold riches on behalf of account holders, which include the US government, foreign governments, other central banks and official international organizations.

    In other words, the Fed runs its operation ‘with other people’s gold’, using this huge treasure as ‘collateral’ to back its various financial undertakings.

    Foreign countries around the world were pressured after World War II into depositing their gold reserves, not within the vaults of their own central banks, but in that of the world’s foremost imperial power.

    A view of the strongroom of the Swiss National Bank SNB in Berne. (Reuters)

    According to the NY Federal Reserve:

    “Much of the gold in the vault arrived during and after World War II as many countries wanted to store their gold reserves in a safe location. Holdings in the gold vault continued to increase and peaked in 1973, shortly after the United States suspended convertibility of dollars into gold for foreign governments.” (emphasis added)

    For many countries, part of the US dollar proceeds of commodities sold to the US, were converted into gold at 32 dollars an ounce (1946-71) and then ‘returned’ – so to speak – to the US for deposit in the vaults of the NY Federal Reserve.

    Germany’s decision to repatriate part of its gold has sent a cold shiver into the gold and forex markets.

    The German Federal Court of Auditors has recently called for an official inspection of German gold reserves stored at the New York Federal Reserve, “because they have never been fully checked.”

    Are these German bullion reserves held in the vaults of Lower Manhattan ‘separate’ or are they part of the Federal Reserve’s fungible ‘big pot’ of gold assets.

    According to the Fed, “the gold is not commingled between account holders.”

    Does the New York Federal Reserve Bank have “Fungible Gold Assets to the Degree Claimed”?

    Could the Fed reasonably handle a process of homeland repatriation of gold assets initiated by several countries simultaneously?

    According to the Fed, there are 122 separate gold accounts mainly held by the central banks of foreign countries, as well as a few organizations including the International Monetary Fund.

    Following the verification process, the gold is moved to one of the vault’s 122 compartments, where each compartment contains gold held by a single account holder. In rare cases, small deposits are placed on separately numbered spaces on shelves in a ‘library’ compartment shared by several account holders. Each compartment is secured by a padlock, two combination locks and an auditor’s seal. Compartments are numbered rather than named to maintain confidentiality of the account holders.

    The New York Fed does not indicate in any of its reports, including its annual financial statements, the names of the countries and account holders.

    Most of the 122 accounts are held by the central banks of sovereign countries, which in addition to their gold accounts have statutory agreements with the NY Federal Reserve.
    An employee of Deutsche Bundesbank uses a metal analysis device on a gold bar. (Reuters / Lisi Niesner)
    Money and national sovereignty

    America’s Unipolar World hinges on sustaining the US dollar as a global reserve currency. US hegemony in monetary matters is supported by the custody in the USA of gold bullion reserves on behalf of more than 60 countries.

    Instead of gold bullion, national central banks (with the exception of the US) hold US dollar paper instruments as ‘reserves’. Gold reserves under national jurisdiction are central to establishing sovereignty in monetary policy, without depending on the Federal Reserve which holds a nation’s gold bullion in safe-keeping in its Lower Manhattan vault.

    National sovereignty requires the repatriation of the gold bullion deposited in custody with the NY Fed. The leverage and collateral in all monetary transactions largely accrues to the NY Federal Reserve Bank rather than to the owners of the bullion deposited in custody.

    Follow the example of Germany. Repatriate your gold.

    In a related development, both China and Russia are dumping their US dollars and building up their gold reserves.

    In turn, both China and Russia have boosted domestic production of gold, a large share of which is being purchased by their central banks.

    Michel Chossudovsky for RT

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