Archive | May, 2020

US GOLD CONFISCATION WOULD BE FOLLY.

31 May

Matterhorn Asset Management AG
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US GOLD CONFISCATION WOULD BE FOLLY

May 28, 2020

by Egon von Greyerz

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthless paper money. 

So the first question we must ask is: Why would governments punish prudent savers who have taken protection in gold against the irresponsible mismanagement of the economy and the currency?

GOLD IS 0.5% OF GLOBAL ASSETS

Global financial assets are estimated by Credit Suisse to be $360 trillion. Of that stocks are $85 trillion or 24%. The global bond market is $100 trillion (28%). Investment gold is around 35,000 tonnes or $1.9 trillion. This represents a mere 0.5% of global financial assets.  

With investment gold representing only 0.5% of global assets whilst stocks are 24%, you can ask why the US government, are doing all they can do drive up the value of stocks by printing money and at the same time suppressing the price of gold. Why are shareholders supported to become rich whilst gold holders are penalised?

Governments are clearly supporting ever higher stock since this buys votes. But with so few investors holding gold, the government will lose very few votes by manipulating the gold price down.  

WILL THE US CONFISCATE GOLD

Since we are now entering a period of major currency debasement and potential hyperinflation, you could ask why governments would stop investors from preserving wealth in the form of gold. So would the US government, instead of encouraging thrift and prudent wealth preservation in the form of gold, confiscate the savings of the Americans? Well, some observers like Jim Sinclair – “Mr. Gold” – thinks this is possible also for US gold mines. He does believe though that coins of the Realm like Eagles would be excluded.

But the confiscation by Roosevelt in 1933 was a totally different situation and not comparable with today. At that time, the US was in a depression and the dollar was tied to gold. The economy was under pressure and the US government decided that the dollar needed to be devalued. A dollar devaluation automatically meant a revaluation of gold since the two were totally interlinked. But FDR decided that the US holders of gold should not get the benefit of a revaluation. Thus gold was confiscated and then revalued from $20.67 per ounce to $35. Gold in bank safe deposit boxes was taken but many Americans hid their gold at home. Gold held outside the US was not confiscated.

AMERICANS HOLD GOLD IN MANY COUNTRIES 

Today gold ownership is global. US investors for example are legally storing gold in many countries – Canada, Singapore, Australia, UK, and Switzerland to mention a few. Substantial  amounts of gold are stored by US citizens in these countries. Switzerland is a major gold hub where gold is stored in the big banks as well as in many private banks. In addition, there are many private vaults outside the banking system in Switzerland storing considerable amounts of gold. 

It would be totally impractical to require Americans to ship the gold back to the US. Also, many countries would not cooperate. I have heard people criticising Switzerland for giving in to the US authorities and revealing the names of Americans who held undeclared accounts in Switzerland at UBS and other banks. As a Swiss I also consider that the Swiss government should not have succumbed as they did this in contravention of the Swiss constitution. Banking secrecy was holy and law in Switzerland at the time. But there was pressure from many European countries also that the Swiss were complicit in tax fraud. In Switzerland, not declaring funds or income was not a criminal event. 

TODAY THERE IS AUTOMATIC EXCHANGE OF ALL FINANCIAL INFORMATION

So Switzerland gave in at the time and the banks had to open up their books. And today all banks in the world exchange information based on the OECD Common Reporting Standard. This is an Automatic Exchange Of Information (AEOI) between virtually all countries. Gold held within the financial system is included in this reporting. 

The reason Switzerland gave in was the enormous pressure the US authorities put on them, which supposedly included freezing all the assets of the UBS US branch. But also morally the Swiss government had to give in since it was hard to justify actions that were allowed in Switzerland but fraudulent in the US and most other countries. 

Gold or other precious metals held in private vaults is at the present not reportable by Americans in their tax returns. The same goes for property. But based on the strict compliance and AML (Anti Money Laundering) regulation, no serious company involved in precious metal storage would accept undeclared funds or metals. Thus no respectable company dealing with gold would accept client funds or gold which are not tax compliant in the country of the client. 

So today, gold or other precious metals held in Switzerland by Americans are totally tax compliant. For that reason, I doubt that the Swiss government would cooperate with the US tax authorities if they required the gold to be returned. 

GOLD IS A STRATEGIC INDUSTRY IN SWITZERLAND 

Gold confiscation in Switzerland is very unlikely. Refining and storing gold in Switzerland is a strategic industry. Switzerland refines 70% of the gold bars in the world. This makes our country a very important party in the global gold industry that could not be replaced elsewhere. In addition, gold is 29% of Swiss exports which is very significant. Also, Switzerland stores a major part of the private gold in the world. 

Saving in gold as well as giving gold to children or as a wedding present is a long-standing Swiss tradition. The Swiss will normally buy the Swiss Vreneli coin.

The gold stored in Swiss private vaults is growing significantly every year. The stable political system, rule of law, being a very old democracy and neutrality all contribute to this. Gold confiscation would also be against the constitution. A senior Swiss politician friend of mine told me that if the Swiss government confiscated gold, the people would revolt. For these reasons, I believe that Switzerland will become an even more important gold hub and the best place in the world to store gold.

DOES THE US HOLD 8,000 TONNES OF GOLD?

The US declares holding 8,000 tonnes of gold. This gold has not had an official physical audit since Eisenhower’s days in the mid 1950s. There is clearly a reason for a country not properly auditing their stated $450 billion gold holding. Almost all countries are in the same position. Nobody has an official physical audit of their gold. Since they are all declaring how much gold they hold, they clearly have a responsibility to their people to publicly audit their alleged gold holding. 

The answer is simple of course. They don’t have the gold they say that they hold. That can be the only reason why it is never audited. In my view many central banks, including the Fed have covertly reduced their official gold holding. In addition, all central banks are lending or leasing a major part of their gold and most probably also lending the same gold many times over. We know for example that HSBC and JP Morgan hold a major amount of central bank gold. They are also custodian for the biggest gold ETF – GLD. When the gold holdings by GLD increases, there is no gold bought from the Swiss refiners. Instead, the custodians just lend them the central bank gold they hold which has probably been lent many times over. 

CENTRAL BANK AND BULLION BANK GOLD IS LOST TO THE EAST

In the past when central banks leased out gold, it would stay with the bullion banks in  London or New York. Today, the big buyers are China and India. They buy gold from the bullion banks in London or New York. These 400 oz bars are shipped to Switzerland to be broken down into kilo bars by the Swiss refiners. The kilo bars are the desired size both in India and China. These bars are then shipped on to the East. The bullion banks lease the 400 oz bars from a central bank and then sells them on the buyers in the East. 

So instead of staying in London or New York, the central bank has now leased the gold to a bullion bank which has sold it to China or India. The result is that the bullion bank no longer has the physical gold and all the central bank has is an IOU from the bullion bank. This means that the physical gold is permanently lost by both the bullion bank and the central bank. It will never return. The bullion bank will default because they can’t deliver the gold to the central bank which in turn has lost its physical gold forever. This is why central banks don’t have a fraction of the physical gold they declare to have. 

JIM SINCLAIR $87,000 GOLD 

Jim Sinclair and Bill Holter, two of the most respected individuals in the gold industry, have calculated the real value of the US gold based on 8,000 tonnes allegedly held by the US and balancing the balance sheet of the US. The projected value is $50,000 to $87,000. And as Jim says, that assumes the US holds 8,000 tonnes. Let’s say that the US only holds 4,000t, then the gold price would be double these estimates. And assume that virtually all the US gold has been sold or leased, that would be a gold price going to infinity.  But 4,000t or slightly less seems more realistic. 

CHINESE GOLD

China has been accumulating gold for decades. Their official holdings are 2,000 tonnes. But it is widely assumed that their real holding is over 10x that. Insiders who have been working with the Chinese confirm that they are likely to hold over 20,000t. All the domestic Chinese gold production, currently 400t p.a. goes to the government. 

When China announces a gold-backed yuan, which is not unlikely, they will declare their 20,000+ tonnes and then challenge the US to prove they have the 8,000t. This will lead to some interesting exchanges of aggression, hopefully only verbal. 

GOLD CONFISCATION – EVG VIEW

As I said initially, it is possible that some governments attempt to confiscate gold. But in my view, it is an extremely difficult exercise to both legally and logistically conduct. Also, if the gold is held abroad many countries will resist or refuse to ship gold to the US. 

Also, the gold market is today global. In China, 1.4 billion people are encouraged by the state to own gold. In India, it is a tradition for most families to hold gold and to give gold as wedding presents. And in Russia, gold reserves have gone from 400 tonnes in 2006 to 2,300 today, a fourfold increase. These countries understand the vital importance of gold.

In today’s global markets, it would be almost impossible to stop companies or individuals to trade gold outside the US or Europe in Shanghai, Singapore or Zurich. 

With the epicentre of the gold market moving to China and the East, it is very unlikely for the US and the West to confiscate gold. This would precipitate the fall of the dollar and the Euro and substantially weaken the US and EU positions and their economies. 

Remember:

“HE WHO HOLDS THE GOLD MAKES THE RULES”

Thus I believe that confiscation is very unlikely. Governments have a much simpler way of getting at the assets of the wealthy through high taxation. And this is what I believe will happen and not just for gold. As government deficits surge, all assets of the rich will be taxed heavily and not just gold which today represents only 0.5% of global financial assets. 

Therefore, tax planning including various jurisdictions is as important as wealth planning. 

MARKETS

Stocks

Stock markets are in the course of finishing a correction up. It could take another week or two. Once finished, we will see rapid falls across the globe to new lows. 

Metals

The precious metals are in a strong uptrend. The 2011 high for gold in dollars will soon be reached. All other currencies have surpassed the 2011-12 high in gold in the last two years and so will gold in dollars. Remember that corrections are always part of a sound uptrend. 

It is totally irrelevant what price gold reaches in worthless paper money whether it is Sinclair’s $58,000 or my 18-year-old prediction of $10,000 in today’s money. Time will tell. 

But it is critical to hold physical gold as protection against a currency system and a financial system which are in the process of falling apart.

Want to learn more? Join MAMinar #1

Please join Grant Williams, Ronni Stoeferle, and myself in MAM’s first live MAMinar (webinar).

We will obviously cover our views on the global economy as well as gold. None of us is a goldbug but all three have a deep understanding of gold as protection against a rotten financial system.

Please join us on 8th of June, 6pm Zürich (5pm London, 12 noon NY) time.

It should be both thought-provoking and fun.

Egon von Greyerz

Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 70 countries.

GoldSwitzerland.com
Contact Us

Articles may be republished if full credits are given with a link to GoldSwitzerland.com.

Source:

https://goldswitzerland.com/us-gold-confiscation-would-be-folly/

Karen Hudes: I have told you that there are many mysteries in our new reality. The military forces in the world, all of them (minus the traitors at the top), are working together to keep peace during the Global Currency Reset.

31 May
Karen Hudes
@KarenHudes

I have told you that there are many mysteries in our new reality. The military forces in the world, all of them (minus the traitors at the top), are working together to keep peace during the Global Currency Reset.

https://khudes.s3.amazonaws.com/Twitter5.30.20.1.pdf…


https://twitter.com/KarenHudes/status/1266842977663619080




Source:

https://khudes.s3.amazonaws.com/Twitter5.30.20.1.pdf

Karen Hudes:Episode 67 A corrupt money system begets a corrupt society

30 May
3rd Dog
Episode 67 A corrupt money system begets a corrupt society
5/29/2017
Intro​
Good evening, I am your host, Karen Hudes.  Welcome to this DCTV Series about the Network of Global Corporate Control.  Today’s segment is live, and is about corruption in our money system, and how we are cleaning up this corruption.  Money plays a central role in our society, and a corrupt money system means that there is corruption everywhere.  Thanks to DCTV, Carmen Stanley, Studio Producer; Maurice Jackson, Audio and Prompter; and Jamie Fain Floor Director.   

https://s3.amazonaws.com/khudes/dctvteleprompt2.7.17.pdf … Full transcript 

How do we fight the corruption?

Question for Karen: Other than following the events as they unfold and telling others about what’s happening, is there anything else we can do to help? 

Karen: Thanks for your question.  Those are two important things.  I want you to form small groups like book clubs and fight corruption in your towns and villages.  These small groups are going to steer us through the Global Currency Reset, and keep you on track and help you to figure out what is really going on, as opposed to the false reality that you are surrounded with from the Banking Cartel.  These groups, because they include people that know you really well, are going to help you figure out when you are being “swayed” by the pervasive scalar wave and EMT military technology.  Then, you need to make sure that the merchants in your villages and towns will accept local currency.  I have put a database together to help guide you with this, but any system your village and town will adopt is great. 

Here is the database on local currencies:

en.wikipedia.org/wiki/Silvio_Gesell

www.community-exchange.org/docs/Gesell/en/neo/

www.greenbooks.co.uk/local-money

www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2013/qb1304prereleasebanknotes.pdf

guildofindependentcurrencies.org/

Picture

I like to use the Wizard of Oz as an analogy, because Frank Baum’s fairy tale is actually an allegory, and the Yellow Brick Road is all about the important role of gold in the Global Currency Reset.  

This is what I said on January 31, 2017 

Picture

This cover of the Economist is what the bankrupt Banking Cartel wants you to think is going to happen.  Is Donald Trump (hint: look at the “throne”  Trump is sitting on) going to bring down the United States?  We have already shown significant numbers of people that Donald Trump is illegitimate, that the US Constitution of 1789 is not in effect, and therefore the electoral college was unable to “elect” Donald Trump legitimately.  

My tweet on January 14, 2017 about a court case showing that the Federal Courts have no jurisdiction outside Washington DC was widely retweeted. 

I am now providing a link to the case showing that federal District Courts have no jurisdiction outside the District of Columbia

supremecourtcase.wordpress.com/2016/04/01/dc-judge-rubber-stamps-lufkin-judgment-petitioner-sues-lufkin-judge-in-county-court-to-quiet-title/

I have been telling you that country debt is a scam and that the Banking Cartel owes us more than we owe them, because the Federal Reserve owes over $2 quadrillion in bonds that are held in the Global Debt Facility.  The Global Debt Facility is a trust containing the world’s wealth that is managed by 189 Ministers of Finance and Development on the Board of Governors of the World Bank and International Monetary Fund.  I now vote the shares of the US on the Board of Governors of the World Bank and IMF until the Constitution of 1789 of the US goes back into force and effect.  

This nugget of gold is in this case: ​

​“Resistance to additional income taxes would be even more widespread if people were aware that . . . 100 percent of what is collected is absorbed solely by interest on the Federal debt . . . . In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.” J. Peter Grace, “President’s Private Sector Survey on Cost Control: A Report to the President,” dated and approved January 12 and 15, 1984, p. 3. 

I cited this case and alot more to Neil Gorsuch.  I told Judge Gorsuch that if he could not explain the lies that are being covered up by the lawyers, he would be bankrupt by the end of the commercial lien process. 

This is what I said in my affidavit to Neil Gorsuch:  

Donald J. Trump has failed to acknowledge that the United States is not operating under the Constitution of 1789 nor has he acknowledged that the US’ monetary gold reserves are administered by the Board of Governors of the World Bank and International Monetary Fund because they are in a Trust established at the end of WWII by General Eisenhower and President Truman.  Instead, Donald Trump has perpetuated the hoax on the American people, despite having had the opportunity to rectify these falsehoods.

Neil M. Gorsuch has accepted the purported nomination to the office as a Justice of the Supreme Court by Donald Trump, notwithstanding that Donald Trump has failed to acknowledge that the United States is not operating under the Constitution of 1789.  Neil Gorsuch is perpetuating the hoax on the American people and the corrupt business environment in the United States and has harmed me personally with these lies and falsehoods, as this has prevented me from returning to the World Bank’s headquarters and working on the Global Currency Reset agreed to  by the Board of Governors of the World Bank and IMF, and returning the Constitution of 1789 of the United States via an Article V Constitutional Convention.

Article V of the Constitution of 1789 is the way to measure whether “We the people” have given our consent to the way that we are being governed.  When two-thirds of the state legislatures apply to the US Congress for an amendment to the Constitution, there is supposed to be a Convention to propose amendments.  The State of Wisconsin believed that this threshhold was passed in 1929. 

foa5c.org/file.php/1/Amendments/071_cg_r_03369_1929_HL.JPG

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But the US Congress has refused to do its duty to convene a Constitutional Convention.  Instead, Congress has declared a state of emergency. 

www.barefootsworld.net/war_ep1.html

Because the US Congress has refused to convene the Convention, and because the US Congress and the legal profession have refused to admit that the US Congress has been extending a secret state of emergency to justify martial law, the World Bank Board of Governors has declared the US to be in interregnum.   

I documented the magnitude of the cover-up of corruption in 2013 with my fax to Judge Traxler, then Chair of the Judicial Conference (attached to this letter), and referring to the fact that I had contacted the state attorneys general, the state governors, and the chief justices of the state supreme courts. Since then, and as mentioned in my fax, confidence of US citizens in their judiciary has only deteriorated. 

The people of the US have not consented to be governed under the second, secret Constitution of 1871. Now that the Constitution of 1789 has been suspended by the US Congress, the United States is in interregnum. Until the US Constitution of 1789 goes back into force and effect, I vote the US shares on the World Bank and IMF Board of Governors administering the US monetary gold reserves.​

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Thank you for listening to another segment of “The Network of Global Corporate Control.” All of humanity is united in a coalition for the rule of law to exchange the Federal Reserve Notes and other fractional reserve currencies in a Global Currency Reset.   Media is simply lying to perpetuate the corruption and to fool the unwary. Donald Trump’s inauguration was simply Banking Cartel propaganda and nothing more.  Stay tuned as the Global Currency Reset rolls out. 

Source:

https://3rddog.weebly.com/blog/episode-67-corrupt-money-begets-a-corrupt-society

Read more:

https://s3.amazonaws.com/khudes/dctvteleprompt2.7.17.pdf

The Brixton Pound: Chapter 2, Inquiry

30 May

London Lens

By Ellen Greenberg

You may want to read my 17 April post: The Brixton Pound, Chapter 1: Delight as a companion to this post.

I paid a second visit to Brixton last week, following a bit of reading that included material from the Bank of England, the New Economics Foundation, the Guardian, and Wikipedia, as well as further browsing on BrixtonPound.org. There is quite a large and interesting well of information on the overall topic of local currencies, with new content bubbling up continuously. I am at best an enthusiastic amateur on this topic, so if this topic is as exciting to you as it is to me you should certainly consult some of those sources rather than relying on my modest observations.

I had the exciting opportunity to obtain additional Brixton £ notes at what is advertised as the world’s first community currency cash machine (pictured above in the…

View original post 510 more words

Karen Hudes: Let your heart hope again.

30 May
Karen Hudes
@KarenHudes

Let your heart hope again.

https://khudes.s3.amazonaws.com/Twitter5.29.20.1.pdf…


https://twitter.com/KarenHudes/status/1266483063548260355




https://youtu.be/Pv56MP27CDY

https://khudes.s3.amazonaws.com/Outline4.16.20.pdfhttps://s3.amazonaws.com/khudes/dctvteleprompt1.5.pdf

https://s3.amazonaws.com/khudes/mboard3.pdf

Read more:

https://khudes.s3.amazonaws.com/Twitter5.29.20.1.pdf

OPENING CEREMONY OF THE 2012 LONDON OLYMPICS USED PREDICTIVE PROGRAMMING TO SHOW US THE COMING COVID-19 PLANNEDEMIC | The Crazz Files

29 May

Source: OPENING CEREMONY OF THE 2012 LONDON OLYMPICS USED PREDICTIVE PROGRAMMING TO SHOW US THE COMING COVID-19 PLANNEDEMIC | The Crazz Files

Karen Hudes: A Critical Mass of people are aware that the Black Nobility at the center of the Banking Cartel have lost the consent of the world’s people to be governed by corrupt governments.

29 May
Karen Hudes
@KarenHudes

A Critical Mass of people are aware that the Black Nobility at the center of the Banking Cartel have lost the consent of the world’s people to be governed by corrupt governments.

https://khudes.s3.amazonaws.com/Twitter5.28.20.pdf


https://twitter.com/KarenHudes/status/1266144757929181190




source:

https://khudes.s3.amazonaws.com/Twitter5.28.20.pdf

Karen Hudes: Be of good cheer. The chances we all come out of this in one piece in a peaceful transition is over 90%.

29 May
Karen Hudes
@KarenHudes

Be of good cheer. The chances we all come out of this in one piece in a peaceful transition is over 90%.


https://twitter.com/KarenHudes/status/1266039573370601473

https://khudes.s3.amazonaws.com/Twitter3.31.20.pdf

Karen Hudes: I told you José Rizal’s story five days ago. I am going to repeat it again. This is another example of how we are going to be repeating reality until the Black Nobility realizes that we are in a different reality.

26 May
Karen Hudes
@KarenHudes

I told you José Rizal’s story five days ago. I am going to repeat it again. This is another example of how we are going to be repeating reality until the Black Nobility realizes that we are in a different reality.

https://khudes.s3.amazonaws.com/Twitter5.25.20.1.pdf


https://twitter.com/KarenHudes/status/1265034868490219520




https://youtu.be/RKK8T1WjxI4

https://www.youtube.com/watch?v=JEqC5lHTkVA&ab_channel=AfternoonExpress

Read more:

https://khudes.s3.amazonaws.com/Twitter5.25.20.1.pdf

Was It All A Scam?

25 May

American Patriots Email Report

Was It All A Scam?

Posted on May 22, 2020

Michael Edward
1tSpo0tnsoruemhdhe.

Was It All A Scam?.

The CCP quickly cremated the bodies in China, and would not allow examinations of the dead bodies in most of the world..

When doctors disobeyed the World Health Organization, and did examinations, this is what they found..

ITALY: THE CURE FOR CORONAVIRUS IS FINALLY FOUND.

The Italian doctors disobeyed the WHO world health law not to make an autopsy on the death of those suspected to have the coronavirus. They found that it is not a VIRUS but a BACTERIA that causes death. This bacteria causes blood clots and the patient to die.Italy beats the so-called Covid-19, which is nothing but “disseminated intravascular coagulation” (Thrombosis)

.The way to fight the coronavirus, that is to say, cure it, is with “antibiotics, anti-inflammatories, and anticoagulants”. ASPIRIN, indicating that this disease has been poorly treated..

This sensational news to the world was produced by Italian doctors by performing autopsies on corpses produced by the Covid-19..

“Something else, according to Italian pathologists. “The ventilators and the intensive care unit were never needed.”.

Thus, in Italy, the change of protocols began,Source: Italian Ministry of Health..

SHARE THAT THE WHOLE WORLD KNOWS THAT WE HAVE BEEN DECEIVED AND HAVE KILLED OUR ELDERLY PEOPLE !!! @ italiarevelacurardelcovid19.

If you contract Covid-19 … which is not a virus as they led us to believe, but a bacteria … amplified with 5G electromagnetic radiation which also produces inflammation and hypoxia, they will do the following:.

They will take aspirin 100 mg and Apronax or paracetamol … Why? … because Covid-19 has been shown to clot the blood, which causes thrombosis and prevents blood from flowing and not oxygenating the heart and lungs and the person dying quickly cannot breathe..

In Italy, they did not follow the WHO protocol and did an autopsy on a dead body from Covid-19 … They cut the body, opened their arms, legs and other parts of the body and discovered the veins were dilated and clotted blood. All veins and arteries were filled with thrombi, preventing blood from flowing normally and transporting oxygen to all organs, mainly the brain, heart and lungs. The patient ends up dying,.

Knowing this diagnosis already, the Italian Ministry of Health immediately modified the Covid-19 treatment protocols … and began to administer positive aspirin 100 mg and Apronax to their positive patients..

The result: patients began to recover and present improvements..

The Ministry of Health released and discharged more than 14,000 patients in a single day.SPREAD IN ALL URGENT NETWORKS !!!!! that’s why the antibacterial gel works and the chlorine dioxide ….

The whole PANDEMIC is because they want to vaccinate and chip to murder the masses and to control the remaining by reducing the world population.

Source:

https://mainerepublicemailreport.com/2020/05/22/was-it-all-a-scam/