The $600 Billion Gold Scam
It is customary for a country to pay its debts to another country with gold. For example, the United States attempted to fulfill its obligations to China in October of 2009. Gold was to be the form of payment.
The gold bars were made in the United States and stored at Fort Knox during the Clinton administration, which lasted from January 20, 1993 to January 20, 2001.
“At that time 1.3 million to 1.5 million tungsten bars, weighting 400 ounces each, were produced following the order of the bankers of FRS (Federal Reserve System). 640,000 of those tungsten bars were covered with gold and sent to Fort Knox where they are kept up to date.” [1] These ‘gold bars’ are used to help pay off the national debt.
There was one problem with these ‘gold bars’. They were counterfeit. The Chinese ordered an investigation. The quality of the gold was to be evaluated. China is the largest foreign holder of U.S. debt. Statistically, the balance of trade with China has been on the negative side for the United States.
The Chinese were shocked when they found out that the fake gold bars were actually tungsten bars coated with gold on the outside. An investigation disclosed that the gold bars were traced back to the Clinton administration and the Federal Reserve, with a standard process using registration numbers.
“According to the investigation, the rest of 13 million – 15 million tungsten bars were also covered with gold and sold at the international market. Not only the gold reserves of the US received fake gold but also the global market was swindled by the bankers of the FRS. The price of ‘Clinton’s gold swindle’ is – $600 billion.”
Most of the world’s gold is exchanged and stored in depositories under the supervision of a special organization: London Bullion Market Association (LBMA). [2]
An article in the New York Post on February 2, 2004, entitled “The District Attorney is investigating the actions of a leader of the New York Mercantile Exchange,” pointed out that Clinton’s Gold Scam was brought to the attention of U.S. officials. An article written by Jennifer Anderson reported that “the highest official of the New York Mercantile Exchange is under investigation, conducted by the Manhattan district attorney. Sources close to the exchange said that last week, Stuart Smith, senior vice president of operations at the exchange, was searched by the District Attorney. Details of the investigation were not disclosed, but a spokeswoman for the stock exchange said it was not related to any exchange operations with. She declined to comment further, saying only that no charges were filed . A spokeswoman for the district attorney’s office in Manhattan, also declined to comment.” [3]
The Office of Senior Vice President of Operations of the New York Mercantile Exchange (NYMEX) is the place where you go to find reports [registration number and origin] for each gold bullion that passes through exchange operations. They are required to keep records. These precise records would show the origin of all the physical gold on the market and, therefore, would reveal how much gold appeared on the stock exchange is not of gold mining companies, simply because the amount of gold which came from the ‘smelters’ surely would exceed the amount of physically produced in American precious metal. [4]
Sources:
1. Tungsten gold for China or the global crisis of confidence – RIA Novosti
2. London bullion market – Wikipedia
3. ‘Gypsy’ Gold Fort Knox – Perevodika
4. New York Mercantile Exchange – Wikipedia
5. Fort Knox and the gold dipped tungsten bars – Michael Rivero Show
