Nations Built on Lies - How the US Became Rich: Part 5b
0 views
Skip to first unread message
Bill Totten
Dec 29, 2021, 9:59:29 PM12/29/21
to Totten Bill Weblog@Google
Nations Built on Lies - How the US Became Rich: Part 5b
by Larry Romanoff
https://www.bluemoonofshanghai.com (October 2021)
http://dxczjjuegupb.cloudfront.net/wp-content/uploads/2021/10/MilIndComplex-680x496_c.jpg
The Great Gold Robbery - Part I - The US Federal Reserve
Once upon a time, quite a long time ago, Japan did something that was not very nice. Yes, again. This time, Japan printed a new series of Federal Government bonds, a special series - their famous "57s" - the specialty denoted by a new design, new colors, and a new series of serial numbers. If I recall correctly, this series of bonds did not pay annual interest but would pay the full accrued interest and original principle when redeemed on maturity. Through various agents, the bonds were all sold but, when the series matured, Japan declared them fake and refused to pay. Their rationale was that these securities were "different" from any bonds ever issued by Japan; the design was wrong, the colors were wrong, the serial numbers were unlike any ever used by Japan. To make matters worse, these bonds even had "spelling errors" in them, and the Japanese would of course never make such errors on their own bonds issued in Japanese. They had to be fake. Rumor had it that a few small, close friends of Japan did indeed manage to redeem their bonds, but all other investors had to accept they'd been swindled. This event did not escape the notice of the US Federal Reserve (FED), leading us to our story.
Prior to World War Two, the US FED and the CIA travelled the undeveloped world for years, telling each nation, including China, that when the Japanese (or the Germans, or the Italians, or God knows who) invaded, they would loot each country's Central Bank and gold reserves. Each country therefore should turn over all its gold to the FED for safekeeping, to be returned after the war. In exchange, they would be given gold certificates issued by the FED, that could later be redeemed. This advertising pitch was presented not only to the central banks of each nation but to all the major local banks as well, offering to (temporarily) relieve them of their entire holdings of gold and silver, to make the world safe for democracy. Many nations - and many commercial banks, genuinely fearful of another world war, bought this bill of goods, permitting the FED to suck countless billions of gold out of the world, from both developed and undeveloped countries. The metal was loaded onto US military vessels and shipped to the US. But after the war, the FED refused to redeem any of the certificates, claiming they were all fake. Naturally, there were outcries but, so far as I am aware, the US media refused to report on these developments.
Rumors circulated for years but the US Treasury and the FED heatedly denied these stories when they surfaced, dismissing them as "urban legends" and "conspiracy theories", ridiculing both the idea of "safekeeping" transactions and the very existence of these certificates. But then around 1980, a crashed US military plane was found in the Philippine jungle, laden with heavy wooden trunks full of metal containers, all with FED markings, and all containing hundreds of billions of dollars of these same certificates. That was when the entire story finally became public, though the Western media have almost totally censored the story. After that, these certificates began surfacing all over the world, with various parties attempting to exercise claims. The FED has steadfastly refused to deal with this in an open and forthright manner. Since the discovery, parties in possession of these (now old) bearer gold certificates have been met only with vengeance, usually being immediately arrested and charged by the FBI with fraud. Even those individuals not attempting to redeem but simply asking for a verification of authenticity, are also arrested and accused of attempted fraud. The collusion between the FED, the US Treasury, and the FBI became sinister and dangerous, the FED pulling out all the stops to intimidate all but the most courageous into silence. A journalist at the Financial Times claimed:
It has now reached a point where you can go into one of the big banks in New York, London, or Zurich, give them half a metric ton of gold in return for a certificate of ownership, walk around the block for 10 minutes, re-enter the same bank, and they'll deny ever seeing you before, and have you arrested for presenting them with a counterfeit certificate.
There was one group, the Laurel family, that appeared to have an especially good case in dealing with the FED on their several hundred million of these certificates which they presented to the FED for redemption. In this one case, neither the FED nor the US Treasury was so bold as to denounce the certificate as counterfeit, nor to have the Laurels arrested for fraud. Instead, the FED apparently stated they "could not verify" the authenticity of the certificates. From Seagrave: "After carefully reviewing the documents that you and your client have submitted, we are unable to verify that the Federal Reserve bond and related documents ... are authentic. In addition, as I indicated to Mr Portman by telephone, Chairman Greenspan is not available to meet or speak with you or your client concerning this matter." A further communication from the Chicago FED stated, "There was no record of the issuance ... of these bonds ...", and the US Treasury claimed, "... The Treasury Department has no record that it issued any of the documents in question, and ... has never issued any Federal Reserve bearer bonds of any kind". The oddity of course is the lack of instant FBI arrests on fraud charges, substituted for rather lame expressions of "Gee, we can't seem to locate the records".
When Chiang Kai-Shek lost the battle for China and prepared to flee to Taiwan, he and his supporters quickly organised a scheme whereby they emptied the entire gold and silver stocks of China's central banks and commercial banks, after which the Americans flew it out of the country in B-29 bombers owned by the CIA's private airline, Civil Air Transport. I believe it was Aldrich who noted that these same gold certificates, the Federal Reserve Notes, appear to have been also used "for persuading managers of major banks in the interior of China to part with their vast stocks of gold". He also noted that the CIA and the FED apparently offered gold certificates of a greater value than the gold actually being exchanged, as an extra incentive to the banks to cooperate, since the US "almost certainly had no intention of honoring them anyway". Sufficient evidence exists that the CIA and the FED sold Chiang Kai-Shek the same story. Since the CIA was already in possession of all of China's gold, having flown it out of the country in their own aircraft, they convinced Chiang to permit its transfer to the US for "safekeeping". Chiang died in 1975 without ever seeing his gold again, and the evidence is that until the day she died in 2003, Soong Mei-Ling (Mme Chiang) spent all her time trying unsuccessfully to recover her (that is, China's) gold from the FED. It would seem that gold is still "safe".
Aldrich was reasonably of the opinion that these certificates might indeed be intricate forgeries, but that if they were, it was most likely the CIA who manufactured them. That's a very likely possibility since it has never been much of a secret that economic warfare has been a US specialty for a very long time, this warfare absolutely including the counterfeiting of currencies and securities, to say nothing of passports and many other kinds of documents. And in fact, there is much evidence that the CIA was attempting to destroy China's economy with counterfeit currency during these periods, using what was apparently a very sophisticated printing enterprise in Manila. According to the British Government, "Foreign Office files also show that the CIA was involved in other currency issues, including the movement of printing plates for Chinese currency". But the British were in no position to point fingers since their own Special Operations Group printed and dispersed truly massive quantities of counterfeit currencies and various financial securities during World War Two.
Be that as it may, looking at the photos of the certificates, one's first impression is that these must be genuine. Counterfeiting a certificate is not difficult, and if we had only pieces of paper the problem would seem to be simple. But we have much more than simple pieces of paper. The trunk containers, made of wood and leather, the metal fastenings, the many smaller boxes containing each issue, made of metal, cast, stamped and engraved, cast with seals of the FED or the US Treasury, enameled in different colors, and much more. Each box also contained microfilm summaries of the contents and serial numbers, with engraving plates, the containers of which were stamped with "JP Morgan Chase Bank", "Federal Reserve Bank Transfer Notes", and "US Federal Reserve Bank Guarantee Certificates". To duplicate all of this would require a great deal of knowledge and experience and be an enormous undertaking, far beyond simple counterfeiting or the printing of fake certificates. And there exists such a large volume, apparently issued by various FED districts, from Dallas, Boston, Philadelphia ... To further age all of this so as to appear to be many decades old and suffering from exposure to nature, might be within the abilities of a very few today, but to what purpose? Surely nobody today would attempt such a brazen fraud since the odds of success would be precisely zero.
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/001-1-234x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/002-1-300x200.jpg
1934-US-FRB-cases-photo-2-on-22JAN10-courtesy-Andy-Shabet
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-3-300x225.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/Pic.-4-231x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-5-240x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-6-213x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-7-300x196.jpg
https://www.bluemoonofshanghai.com/politics/4950/
3-Trillion-Federal-Reserve-Bank-of-Dallas-Texas-Treaty-Of-Versailles-Mother-
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-8-256x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-9-300x270.jpg
JP_Morgan_Gold_Certificates1
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-11.jpg
100-M-US-Treasury-Note-1934-Series-E-Chicago-Illinois-Serial-No-G00065851A-with-interest-coupons-
And we do have the records of the shipments of gold to the US FED because these were reported daily in The New York Times, and indeed the historical record provides ample evidence that the FED's gold holdings rose enormously and very quickly, more than tripling in the space of perhaps one or two years. They also show a later decrease, but there is no evidence of the direction of disposition. A few examples follow.
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic-12.jpg
Newspaper clippings documenting the worldwide transfer of gold bullion to the US FED for "safekeeping". Almost none of this gold was ever seen again by the original trusting owners. The FED declared all the certificates counterfeit and kept the gold.
Searching The New York Times archives with the keywords "China gold" produced quite a lot of data, with one writer claiming seven US naval destroyers laden with 125,000 metric tons of Chinese gold sailed to the US in 1938, apparently to protect it from the Japanese who were invading at the time. It would seem this was Chiang's gold stolen from the Mainland. These would all have to be clandestine sailings since the Japanese would certainly have retaliated had they known.
One New York Times article dated December 01 1934, was headlined, "Imports of Gold Most Since March", informing readers that "Conditions Abroad" cause a demand for dollars and for gold transfers to the US - presumably for safety. The article states that about $113 million of gold had been transferred to the US in November alone, bringing the total of foreign gold shipped to the US to more than $8 billion. This article lists China at only $600,000 in gold, but China was almost never listed in any such reports since the removal of gold from China was all done illegally and would have been stolen. The countries listed in this article included France ($66 million), Canada, Belgium, Colombia, Great Britain, Guatemala, Holland, and India. It also listed many hundreds of millions in gold transfers in the same month for five previous years.
Another article dated September 21 1934 stated "Guatemala Sends Gold", and listed $230,000 from China. A similar article dated June 08 1934 noted the US FED received many more tens of millions from France, Jamaica, Canada, England, Columbia, and India, with another few hundred thousands of legal gold from China. And more millions from Canada on April 14 1934. Yet another announcement dated February 19 1937, listed many tens of millions in gold, more than $13 million of which arrived at the US FED on one day. This list included Australia, Canada, Switzerland, and India. Other articles from June 06 1926 listed shipments from Cuba, Chile, and Singapore, and included some from China that altogether totaled almost $100 million.
The reason China isn't listed in The New York Times daily reports of gold shipment receipts is that the removal of gold from China was illegal at the time, according to both the Chinese government and the occupying Japanese army in the areas they controlled. The US was therefore not always successful in its attempts. In one case, a New York Times article dated October 25 1938 is headlined, "US Liner Yields to Japan on Cargo", stating that the USS President Coolidge was forced to unload $2.8 million in gold in order to get its Shanghai clearance papers. It states further that the US Consul protested, but the Japanese insisted the gold was Chinese-owned and had to be returned to the US-owned Chase Bank who were attempting to smuggle it out of China. The Chase bank had apparently tried to disguise their activity by loading the gold onto a US naval vessel during a move to new bank quarters, but the move attracted Japanese attention due to a too-prominent US Marine escort.
I believe it was Sterling and Peggy Seagrave, in their book, Gold Warriors (2003), who wrote:
Here was a fraud that had been used many times by banks all over the world. When a gold certificate was issued in exchange for bullion placed on deposit, embedded codes were used including misspelled words, to "assure" that the owner's certificate matched the bank records exactly. These misspellings were later easily cited as "evidence" of fraud. In Japan, Prime Minister Tanaka had gone one step further in designing his notorious "57s" to look completely different from normal Japanese government bonds. If he wanted to redeem one for an ally, he could. If he didn't, he could declare it a counterfeit, and point out that it didn't even look like a government bond.
The Reagan administration's answer was similar. A large number of Fed bonds and gold certificates were printed at the Bureau of Engraving and Printing, on the wrong type of paper, with a comic variety of deliberate errors. Many were engraved with the wrong faces, the wrong mottos, the wrong designs, the wrong signatures. Some were even engraved and printed in traditional Chinese characters. This would be a hilarious disinformation campaign, flooding Asia with blatant forgeries, to make the whole idea ridiculous. It would cut the legal legs off anyone trying to redeem legitimate gold certificates or legitimate Fed bonds. They could be laughed out of court.
It's important to note here that we are now dealing with two totally different series of certificates. The originals, from the 1930s, are the main issue, but when this story became public in the early 1980s there suddenly appeared a huge volume of newly-printed certificates that were poorly done, printed with spelling and other errors that would easily enable them to be declared fake. It is these that were apparently printed by the FED, courtesy of the CIA, so as to confuse the issue and justify declaring all such securities as counterfeit. To quote Seagrave again on the original series, "In sum, these FED notes were not created for a covert CIA operation in China, but are authentic in every respect".
There are a few other very strange events in this story. Upon the discovery of that crashed aircraft, the attendant publicity and the surfacing of redemption claims for these certificates, the FED in 1986 suddenly decided to remelt and recast its entire holding of gold bars from rectangular ingots to a trapezoidal shape. No explanation was offered, but then none was really necessary. Remelting thousands of tons of gold is not a small task nor is it inexpensive, and would be done only in case of calamitous need of some kind, and certainly not for the foolish reason of "changing the shape" of the bars. Whatever the FED's actual or stated purpose might have been, the main result was that remelted gold no longer contains its original markings, which means there is no longer any way to identify the original source of that gold. And that means nobody can ever prove the gold held by the FED or any of the major US banks is the gold that was looted from China, or indeed any other country.
In 2013, there were media reports that were quickly buried and censored in the US, though not in Europe, about Germany's quest to repatriate its gold holdings from the US FED. The German government has been storing about half of its gold supply with the US FED, apparently in the New York City FED vaults. Germany's central bank decided to bring home all its gold, but the FED refused the request, claiming such a move would be impossible today, further stating it would need until 2020 to be able to accomplish the transfer. The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were "security" and "no room for visitors". Nothing else. Upon determined insistence at this strange turn of events, Germany did finally send some staff to the FED, who were permitted only into the vault's anteroom where they were shown 5 or 6 gold bars as "representative of their holdings", but were permitted to view nothing else. German officials returned a second time, with even more determination, at which time the FED apparently opened only one of 9 vaults and permitted the Germans look at the stack of gold from a considerable distance, but were not permitted to either enter or touch. And they returned home. After repeated insistence, Germany did recover a small portion of its gold holdings, but almost none of that came from the US FED; most was shipped to it from France's central bank - owned by the same private owners who own the FED.
Speculation has been brewing for many years that the FED doesn't actually have much gold, that it has either sold it off, lent it out, or used it as collateral for borrowings. In any case, there are many claims today that the gold being stored on behalf of many nations, doesn't actually exist. Nobody, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold, and there is no evidence that the gold actually exists, other than the word of the FED.
Even worse, the situation is the same with the supposed gold depository at Fort Knox, the storage location of what is supposed to be the entire gold holdings of the US Treasury. Most people believe Fort Knox is a government vault, but while it is built on government land it is managed by the FED and the entire contents are the property of the FED, not of the US Treasury. This has been true for a very long time; since the creation of the Federal Reserve System in 1913, the contents of Fort Knox have belonged to the FED but guarded by the US military and domestic private security. But nobody knows what is there.
The last audit, and the last public visit, was in 1953, just after US President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. There hasn't been even an inventory, much less a comprehensive audit of Fort Knox in over 60 years. In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was something in Fort Knox that looked like gold but, all the same, it sparked even more controversies. Only a small fraction of the gold reserves was made available for viewing, and one Congressman published a report saying that the gold bars held in the fort were less heavy than expected. During recent years, several US politicians have claimed that there is a high chance that neither Fort Knox nor the FED have any gold, or perhaps only a very small amount, and have demanded a full and public inventory and testing, but the FED have resolutely refused.
Given the near-certainty of the US FED and Treasury having little gold, there has been much speculation about the location of the world's gold holdings which exist at the FED on paper but not in reality. I do not know where the gold is, but if I had to guess, I would guess it is all sitting deep in the mountains in Switzerland, in the many hundreds of tunnels drilled deep into the rock underneath the new headquarters of the BIS - the Bank for International Settlements, which is in turn also owned by the same people who own the FED and various other European Central Banks.
https://www.moonofshanghai.com/2021/12/en-larry-romanoff-nations-built-on-lies.html
TO POST A COMMENT, OR TO READ COMMENTS POSTED BY OTHERS, please click
the appropriate link at the top or bottom of https://billtotten.wpcomstaging.com/2021/12/30/nations-built-on-lies-how-the-us-became-rich-part-5b/
by Larry Romanoff
https://www.bluemoonofshanghai.com (October 2021)
http://dxczjjuegupb.cloudfront.net/wp-content/uploads/2021/10/MilIndComplex-680x496_c.jpg
The Great Gold Robbery - Part I - The US Federal Reserve
Once upon a time, quite a long time ago, Japan did something that was not very nice. Yes, again. This time, Japan printed a new series of Federal Government bonds, a special series - their famous "57s" - the specialty denoted by a new design, new colors, and a new series of serial numbers. If I recall correctly, this series of bonds did not pay annual interest but would pay the full accrued interest and original principle when redeemed on maturity. Through various agents, the bonds were all sold but, when the series matured, Japan declared them fake and refused to pay. Their rationale was that these securities were "different" from any bonds ever issued by Japan; the design was wrong, the colors were wrong, the serial numbers were unlike any ever used by Japan. To make matters worse, these bonds even had "spelling errors" in them, and the Japanese would of course never make such errors on their own bonds issued in Japanese. They had to be fake. Rumor had it that a few small, close friends of Japan did indeed manage to redeem their bonds, but all other investors had to accept they'd been swindled. This event did not escape the notice of the US Federal Reserve (FED), leading us to our story.
Prior to World War Two, the US FED and the CIA travelled the undeveloped world for years, telling each nation, including China, that when the Japanese (or the Germans, or the Italians, or God knows who) invaded, they would loot each country's Central Bank and gold reserves. Each country therefore should turn over all its gold to the FED for safekeeping, to be returned after the war. In exchange, they would be given gold certificates issued by the FED, that could later be redeemed. This advertising pitch was presented not only to the central banks of each nation but to all the major local banks as well, offering to (temporarily) relieve them of their entire holdings of gold and silver, to make the world safe for democracy. Many nations - and many commercial banks, genuinely fearful of another world war, bought this bill of goods, permitting the FED to suck countless billions of gold out of the world, from both developed and undeveloped countries. The metal was loaded onto US military vessels and shipped to the US. But after the war, the FED refused to redeem any of the certificates, claiming they were all fake. Naturally, there were outcries but, so far as I am aware, the US media refused to report on these developments.
Rumors circulated for years but the US Treasury and the FED heatedly denied these stories when they surfaced, dismissing them as "urban legends" and "conspiracy theories", ridiculing both the idea of "safekeeping" transactions and the very existence of these certificates. But then around 1980, a crashed US military plane was found in the Philippine jungle, laden with heavy wooden trunks full of metal containers, all with FED markings, and all containing hundreds of billions of dollars of these same certificates. That was when the entire story finally became public, though the Western media have almost totally censored the story. After that, these certificates began surfacing all over the world, with various parties attempting to exercise claims. The FED has steadfastly refused to deal with this in an open and forthright manner. Since the discovery, parties in possession of these (now old) bearer gold certificates have been met only with vengeance, usually being immediately arrested and charged by the FBI with fraud. Even those individuals not attempting to redeem but simply asking for a verification of authenticity, are also arrested and accused of attempted fraud. The collusion between the FED, the US Treasury, and the FBI became sinister and dangerous, the FED pulling out all the stops to intimidate all but the most courageous into silence. A journalist at the Financial Times claimed:
It has now reached a point where you can go into one of the big banks in New York, London, or Zurich, give them half a metric ton of gold in return for a certificate of ownership, walk around the block for 10 minutes, re-enter the same bank, and they'll deny ever seeing you before, and have you arrested for presenting them with a counterfeit certificate.
There was one group, the Laurel family, that appeared to have an especially good case in dealing with the FED on their several hundred million of these certificates which they presented to the FED for redemption. In this one case, neither the FED nor the US Treasury was so bold as to denounce the certificate as counterfeit, nor to have the Laurels arrested for fraud. Instead, the FED apparently stated they "could not verify" the authenticity of the certificates. From Seagrave: "After carefully reviewing the documents that you and your client have submitted, we are unable to verify that the Federal Reserve bond and related documents ... are authentic. In addition, as I indicated to Mr Portman by telephone, Chairman Greenspan is not available to meet or speak with you or your client concerning this matter." A further communication from the Chicago FED stated, "There was no record of the issuance ... of these bonds ...", and the US Treasury claimed, "... The Treasury Department has no record that it issued any of the documents in question, and ... has never issued any Federal Reserve bearer bonds of any kind". The oddity of course is the lack of instant FBI arrests on fraud charges, substituted for rather lame expressions of "Gee, we can't seem to locate the records".
When Chiang Kai-Shek lost the battle for China and prepared to flee to Taiwan, he and his supporters quickly organised a scheme whereby they emptied the entire gold and silver stocks of China's central banks and commercial banks, after which the Americans flew it out of the country in B-29 bombers owned by the CIA's private airline, Civil Air Transport. I believe it was Aldrich who noted that these same gold certificates, the Federal Reserve Notes, appear to have been also used "for persuading managers of major banks in the interior of China to part with their vast stocks of gold". He also noted that the CIA and the FED apparently offered gold certificates of a greater value than the gold actually being exchanged, as an extra incentive to the banks to cooperate, since the US "almost certainly had no intention of honoring them anyway". Sufficient evidence exists that the CIA and the FED sold Chiang Kai-Shek the same story. Since the CIA was already in possession of all of China's gold, having flown it out of the country in their own aircraft, they convinced Chiang to permit its transfer to the US for "safekeeping". Chiang died in 1975 without ever seeing his gold again, and the evidence is that until the day she died in 2003, Soong Mei-Ling (Mme Chiang) spent all her time trying unsuccessfully to recover her (that is, China's) gold from the FED. It would seem that gold is still "safe".
Aldrich was reasonably of the opinion that these certificates might indeed be intricate forgeries, but that if they were, it was most likely the CIA who manufactured them. That's a very likely possibility since it has never been much of a secret that economic warfare has been a US specialty for a very long time, this warfare absolutely including the counterfeiting of currencies and securities, to say nothing of passports and many other kinds of documents. And in fact, there is much evidence that the CIA was attempting to destroy China's economy with counterfeit currency during these periods, using what was apparently a very sophisticated printing enterprise in Manila. According to the British Government, "Foreign Office files also show that the CIA was involved in other currency issues, including the movement of printing plates for Chinese currency". But the British were in no position to point fingers since their own Special Operations Group printed and dispersed truly massive quantities of counterfeit currencies and various financial securities during World War Two.
Be that as it may, looking at the photos of the certificates, one's first impression is that these must be genuine. Counterfeiting a certificate is not difficult, and if we had only pieces of paper the problem would seem to be simple. But we have much more than simple pieces of paper. The trunk containers, made of wood and leather, the metal fastenings, the many smaller boxes containing each issue, made of metal, cast, stamped and engraved, cast with seals of the FED or the US Treasury, enameled in different colors, and much more. Each box also contained microfilm summaries of the contents and serial numbers, with engraving plates, the containers of which were stamped with "JP Morgan Chase Bank", "Federal Reserve Bank Transfer Notes", and "US Federal Reserve Bank Guarantee Certificates". To duplicate all of this would require a great deal of knowledge and experience and be an enormous undertaking, far beyond simple counterfeiting or the printing of fake certificates. And there exists such a large volume, apparently issued by various FED districts, from Dallas, Boston, Philadelphia ... To further age all of this so as to appear to be many decades old and suffering from exposure to nature, might be within the abilities of a very few today, but to what purpose? Surely nobody today would attempt such a brazen fraud since the odds of success would be precisely zero.
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/001-1-234x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/002-1-300x200.jpg
1934-US-FRB-cases-photo-2-on-22JAN10-courtesy-Andy-Shabet
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-3-300x225.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/Pic.-4-231x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-5-240x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-6-213x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-7-300x196.jpg
https://www.bluemoonofshanghai.com/politics/4950/
3-Trillion-Federal-Reserve-Bank-of-Dallas-Texas-Treaty-Of-Versailles-Mother-
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-8-256x300.jpg
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-9-300x270.jpg
JP_Morgan_Gold_Certificates1
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic.-11.jpg
100-M-US-Treasury-Note-1934-Series-E-Chicago-Illinois-Serial-No-G00065851A-with-interest-coupons-
And we do have the records of the shipments of gold to the US FED because these were reported daily in The New York Times, and indeed the historical record provides ample evidence that the FED's gold holdings rose enormously and very quickly, more than tripling in the space of perhaps one or two years. They also show a later decrease, but there is no evidence of the direction of disposition. A few examples follow.
https://www.bluemoonofshanghai.com/wp-content/uploads/2021/12/pic-12.jpg
Newspaper clippings documenting the worldwide transfer of gold bullion to the US FED for "safekeeping". Almost none of this gold was ever seen again by the original trusting owners. The FED declared all the certificates counterfeit and kept the gold.
Searching The New York Times archives with the keywords "China gold" produced quite a lot of data, with one writer claiming seven US naval destroyers laden with 125,000 metric tons of Chinese gold sailed to the US in 1938, apparently to protect it from the Japanese who were invading at the time. It would seem this was Chiang's gold stolen from the Mainland. These would all have to be clandestine sailings since the Japanese would certainly have retaliated had they known.
One New York Times article dated December 01 1934, was headlined, "Imports of Gold Most Since March", informing readers that "Conditions Abroad" cause a demand for dollars and for gold transfers to the US - presumably for safety. The article states that about $113 million of gold had been transferred to the US in November alone, bringing the total of foreign gold shipped to the US to more than $8 billion. This article lists China at only $600,000 in gold, but China was almost never listed in any such reports since the removal of gold from China was all done illegally and would have been stolen. The countries listed in this article included France ($66 million), Canada, Belgium, Colombia, Great Britain, Guatemala, Holland, and India. It also listed many hundreds of millions in gold transfers in the same month for five previous years.
Another article dated September 21 1934 stated "Guatemala Sends Gold", and listed $230,000 from China. A similar article dated June 08 1934 noted the US FED received many more tens of millions from France, Jamaica, Canada, England, Columbia, and India, with another few hundred thousands of legal gold from China. And more millions from Canada on April 14 1934. Yet another announcement dated February 19 1937, listed many tens of millions in gold, more than $13 million of which arrived at the US FED on one day. This list included Australia, Canada, Switzerland, and India. Other articles from June 06 1926 listed shipments from Cuba, Chile, and Singapore, and included some from China that altogether totaled almost $100 million.
The reason China isn't listed in The New York Times daily reports of gold shipment receipts is that the removal of gold from China was illegal at the time, according to both the Chinese government and the occupying Japanese army in the areas they controlled. The US was therefore not always successful in its attempts. In one case, a New York Times article dated October 25 1938 is headlined, "US Liner Yields to Japan on Cargo", stating that the USS President Coolidge was forced to unload $2.8 million in gold in order to get its Shanghai clearance papers. It states further that the US Consul protested, but the Japanese insisted the gold was Chinese-owned and had to be returned to the US-owned Chase Bank who were attempting to smuggle it out of China. The Chase bank had apparently tried to disguise their activity by loading the gold onto a US naval vessel during a move to new bank quarters, but the move attracted Japanese attention due to a too-prominent US Marine escort.
I believe it was Sterling and Peggy Seagrave, in their book, Gold Warriors (2003), who wrote:
Here was a fraud that had been used many times by banks all over the world. When a gold certificate was issued in exchange for bullion placed on deposit, embedded codes were used including misspelled words, to "assure" that the owner's certificate matched the bank records exactly. These misspellings were later easily cited as "evidence" of fraud. In Japan, Prime Minister Tanaka had gone one step further in designing his notorious "57s" to look completely different from normal Japanese government bonds. If he wanted to redeem one for an ally, he could. If he didn't, he could declare it a counterfeit, and point out that it didn't even look like a government bond.
The Reagan administration's answer was similar. A large number of Fed bonds and gold certificates were printed at the Bureau of Engraving and Printing, on the wrong type of paper, with a comic variety of deliberate errors. Many were engraved with the wrong faces, the wrong mottos, the wrong designs, the wrong signatures. Some were even engraved and printed in traditional Chinese characters. This would be a hilarious disinformation campaign, flooding Asia with blatant forgeries, to make the whole idea ridiculous. It would cut the legal legs off anyone trying to redeem legitimate gold certificates or legitimate Fed bonds. They could be laughed out of court.
It's important to note here that we are now dealing with two totally different series of certificates. The originals, from the 1930s, are the main issue, but when this story became public in the early 1980s there suddenly appeared a huge volume of newly-printed certificates that were poorly done, printed with spelling and other errors that would easily enable them to be declared fake. It is these that were apparently printed by the FED, courtesy of the CIA, so as to confuse the issue and justify declaring all such securities as counterfeit. To quote Seagrave again on the original series, "In sum, these FED notes were not created for a covert CIA operation in China, but are authentic in every respect".
There are a few other very strange events in this story. Upon the discovery of that crashed aircraft, the attendant publicity and the surfacing of redemption claims for these certificates, the FED in 1986 suddenly decided to remelt and recast its entire holding of gold bars from rectangular ingots to a trapezoidal shape. No explanation was offered, but then none was really necessary. Remelting thousands of tons of gold is not a small task nor is it inexpensive, and would be done only in case of calamitous need of some kind, and certainly not for the foolish reason of "changing the shape" of the bars. Whatever the FED's actual or stated purpose might have been, the main result was that remelted gold no longer contains its original markings, which means there is no longer any way to identify the original source of that gold. And that means nobody can ever prove the gold held by the FED or any of the major US banks is the gold that was looted from China, or indeed any other country.
In 2013, there were media reports that were quickly buried and censored in the US, though not in Europe, about Germany's quest to repatriate its gold holdings from the US FED. The German government has been storing about half of its gold supply with the US FED, apparently in the New York City FED vaults. Germany's central bank decided to bring home all its gold, but the FED refused the request, claiming such a move would be impossible today, further stating it would need until 2020 to be able to accomplish the transfer. The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were "security" and "no room for visitors". Nothing else. Upon determined insistence at this strange turn of events, Germany did finally send some staff to the FED, who were permitted only into the vault's anteroom where they were shown 5 or 6 gold bars as "representative of their holdings", but were permitted to view nothing else. German officials returned a second time, with even more determination, at which time the FED apparently opened only one of 9 vaults and permitted the Germans look at the stack of gold from a considerable distance, but were not permitted to either enter or touch. And they returned home. After repeated insistence, Germany did recover a small portion of its gold holdings, but almost none of that came from the US FED; most was shipped to it from France's central bank - owned by the same private owners who own the FED.
Speculation has been brewing for many years that the FED doesn't actually have much gold, that it has either sold it off, lent it out, or used it as collateral for borrowings. In any case, there are many claims today that the gold being stored on behalf of many nations, doesn't actually exist. Nobody, other than FED staff, have actually been permitted inside the vaults to see or inventory any of the gold, and there is no evidence that the gold actually exists, other than the word of the FED.
Even worse, the situation is the same with the supposed gold depository at Fort Knox, the storage location of what is supposed to be the entire gold holdings of the US Treasury. Most people believe Fort Knox is a government vault, but while it is built on government land it is managed by the FED and the entire contents are the property of the FED, not of the US Treasury. This has been true for a very long time; since the creation of the Federal Reserve System in 1913, the contents of Fort Knox have belonged to the FED but guarded by the US military and domestic private security. But nobody knows what is there.
The last audit, and the last public visit, was in 1953, just after US President Dwight Eisenhower took office. No outside experts were allowed during that audit, and the audit team tested only about 5% of gold there. There hasn't been even an inventory, much less a comprehensive audit of Fort Knox in over 60 years. In 1974 six Congressmen, one Senator and the press were allowed to enter Fort Knox to see for themselves if the gold was there or not. The tour showed that there was something in Fort Knox that looked like gold but, all the same, it sparked even more controversies. Only a small fraction of the gold reserves was made available for viewing, and one Congressman published a report saying that the gold bars held in the fort were less heavy than expected. During recent years, several US politicians have claimed that there is a high chance that neither Fort Knox nor the FED have any gold, or perhaps only a very small amount, and have demanded a full and public inventory and testing, but the FED have resolutely refused.
Given the near-certainty of the US FED and Treasury having little gold, there has been much speculation about the location of the world's gold holdings which exist at the FED on paper but not in reality. I do not know where the gold is, but if I had to guess, I would guess it is all sitting deep in the mountains in Switzerland, in the many hundreds of tunnels drilled deep into the rock underneath the new headquarters of the BIS - the Bank for International Settlements, which is in turn also owned by the same people who own the FED and various other European Central Banks.
https://www.moonofshanghai.com/2021/12/en-larry-romanoff-nations-built-on-lies.html
TO POST A COMMENT, OR TO READ COMMENTS POSTED BY OTHERS, please click
the appropriate link at the top or bottom of https://billtotten.wpcomstaging.com/2021/12/30/nations-built-on-lies-how-the-us-became-rich-part-5b/
Reply all
Reply to author
Forward
0 new messages