The Latest Heist: US Quietly Snatches Ukraine’s Gold Reserves

As the dust settles in Kiev, another money trail has been revealed…

According to reports out of Kiev (see links below), the US has quietly transfers 33 tons of Ukrainian gold out of the country and back to vaults in the US. Presumably, this sovereign wealth transfer would be counted as partial “collateral” for a fresh round of IMF, US FED, and ECB paper debt that is currently being organised for dumping into the Ukraine’s economic black hole.

Multiple inquiries to US Federal Reserve administrators into the location of the Ukraine’s gold have been met with the proverbial ‘pass the buck’, making tracking and tracking the final resting place of these 33 tonnes very difficult indeed – but one can expect that the NY Fed is probably the institution who has masterminded this financial heist.

Note how gold flows into New York, but has difficulty flowing out of US private banking hands as is the case with the ‘confiscation’ of Germany’s gold. Numerous attempts by Bundesbank to repatriate its gold reserves have been met with a brick wall, and to date, Germany has only recovered a miniscule 5 tonnes directly from the NY Fed – out of the total 674 tonnes (an additional 32 tonnes were recovered via French central bank).

It’s worth pointing out here that when NATO sacked Libya in 2011, one of the first items that came into question was the gold in Libya’s state-run central bank. Prior to the NATO takeover of that country, Libya had one of the highest per capita gold reserves in the world, alongside Lebanon, giving Libya a distinct advantage should it carry out former Libyan leader Muammar Muhammad al-Gaddafi’s long-term financial transition to a gold-backed Libyan Dinar. As you can imagine, this is no longer the case in Tripoli.

Additionally, like Libya, both Syria and Iran are two of the world’s last remaining nation states who both have state-run central banks and gold reserves which fall outside of the world’s private central banking syndicate.

The Big Lie is that Central Banks don’t care about gold. Nothing could be further from the truth.

Ben Bernanke, more than once, claimed that he didn’t understand gold. When Ron Paul asked Bernanke in front of Congress why Central Banks own gold if it’s irrelevant, Bernanke flippantly suggested that it was out of tradition. In both cases Bernanke was lying and he knew it.

In comparison, Greenspan seemed to have some respect for the laws of economics and – at least that I can recall – never would outright state that gold was not an economic factor. Greenspan lied as much as Bernanke did about everything else but he never committed himself to lie about gold. Most of you have probably read Greenspan’s 1966 essay, “Gold and Economic Freedom” (linked). I have read it several times because it explains as well as anything out there why gold works as a currency and why Government-issued fiat currency does not.

What I find amazing about The Big Lie about Central Banks and gold is that if gold really is considered to be irrelevant, the how come Central Banks – especially the Fed – are so secretive about their gold storage and trading activities? What’s even more amazing is that no one other than Ron Paul and GATA asks them about this. Think about it. GATA spent a lot of money on legal fees attempting to get the Fed to publicly disclose its records related to the Fed’s gold activities. The Fed spent even more money denying GATA’s quest. And how come the Fed won’t submit to a public, independent audit of its gold vaults?