Wednesday, November 19, 2014

There's No Biz like BIS Biz

The question was posted to GATA today: "Why all the talk of the clandestine operations of the FED in regard to Swiss and German repatriation? If The BIS wants the gold to be returned, it will be."

And then, minutes later - as if right on que - GATA publishes the following:
Focusing on the Netherlands Central Bank's reduction of its gold reserves, Bullion Star market analyst and GATA consultant Koos Jansen ... cites a comment by the Dutch treasury secretary in 2011 in support of his speculation that the gold sales may have been intended to help redistribute (and) equalize official gold reserves around the world. This is exactly what the U.S. economists and fund managers Paul Brodsky and Lee Quaintance speculated in 2012* -- that central banks were moving their gold around so that nations would be better prepared for a complete resetting of the world financial system, in which gold would play an important part for building confidence.
But central banks "independently" act upon various sovereign mandates, do they not? The IMF? The SDR? Are these not essentially dollar faction outgrowths ... whereas the BIS is the dominant force upon which the world's generational wealth dynasties are represented. I could list some of the long-standing board members of the BIS over many years. Today, the board is comprised exclusively of (though not just central) bankers.

So the question remains. Is the BIS, directed predominantly by central (and other systemically important) bankers, repositioning sovereign gold stocks in order to prepare for "a complete resetting of the world financial system"? (we do hear this increasingly often).

"In which gold would play an important part for building confidence?"

We do believe that, collectively, if central (and other systemically important) bankers were:
1) Concerned that their interventions and management have run their course of effectiveness, and
2) Concerned that their currencies were about to undergo a chain reaction crisis of confidence that will unravel the entire FX structure ...

... there would indeed be no other logical choice but to "centrally manage" (under the collective will of the BIS) the only non-paper holding among their entire global central banking infrastructure. That said, it is still about "control" - which to some clarifies the statement, "if you did not like the (central banking control of) the last system, you won't like (their same control over) the next".

When seen in this light, many perplexing narratives do seem to make sense, such as the dollar price and flow of gold, to the producer nations, the seeming delays in repatriation, the use of fiat sanctions as a political tool and the geopolitical reactions to it (etc.).

And also, when viewed in this light, the so called "big poker hand" that Another once referred to becomes much clearer when viewed as a "continuation holdings plan".

Though there are many misleading twists and turns upon the trail toward the next international monetary and financial system, the single factor that is much too obvious to be completely obfuscated is that gold will once again restore confidence lost in the global fiat currency regime.

Despite the belief that many Keynesians held - that "a collective confidence in paper" could somehow achieve the "intrinsic wealth value" of real world items which address desires and necessities - producer economies and "3rd world nobodies" had an overwhelming impact they failed to accept.

And now, in order for civilization to continue, "without world war" it should "be coming clearer" what these words spoken in the past mean today:
The large modern currencies, of today have only debt ridden economies to back them. They cannot change as debt blocks their path. "To change is to live and to live, some debts must die". The owners of much of this debt must lose if change is to occur. Even the new EURO will not be backed by gold! It will HOLD gold only as insurance against the worst outcome, war. Yes, an oil state comes to mind! It could even be China!  
Checkmate is the end of a game, but in life checkmate is the beginning of freedom! I submit that all of history is full of war. From nations to single persons we all do battle over ownership of things. Some support not war but would kill to keep what is theirs! It would seem that from the day of birth our financial chaos begins. The end of our struggle is reached but for a moment in time as "checkmate" becomes "stalemate" and fortunate and free are the few who find this time in life! Am I misleading? I submit to you that all of creation is misleading. It is only in the pages of history that we find those who thought the truth! The "facts" of the present are but a wonder to all. Only time will prove all things.  
Sir, you write, "Your gold coins in your pocket will become the target of persecution and arrests and you will be forced to accept the world's standard currency. There will be no will be unable to trade with your gold because they will have long outlawed both gold and old paper currency...."  
In the past many world governments and leaders, far greater than those today have embraced these thoughts. I and my fathers have done battle with such evil and won! For we have 6,000 years of history as our armor! For those who say gold is not an asset and is dead! I offer you a fact: "Today, as you read this more gold is traded and purchased than at any time in the history of the world." This ancient, world class money from the distant past is now to be the most fought over asset of the future. In war and life, gold will be your "CHECKMATE"!
(and finally ...)
The BIS is the gold broker for all interbank sales/purchases. Bullion Banks are for sales to other entities. I think, at first, China was leverage against the oil producers. Then Arabia was allowed into BIS for Euro.
**Who does BIS really represent?"
Old world, gold economy, as viewed thru modern eyes" or " way to move from US$ without war".

*(Note that I personally corresponded with QBAM in NY back in 2012, and the subtle references to Another were indeed unmistakable)


  1. Koos seems to have become the 'go to' guy for all things gold. His analysis re china has been impressive however, his understanding of the hidden world of gold bears scrutiny.

  2. I agree. He is a great resource, and does appear open minded. As for the hidden world of gold, I too have little understanding of it - I can only echo Another: "It is only in the pages of history that we find those who thought the truth! The "facts" of the present are but a wonder to all. Only time will prove all things."

    Perhaps in time, I will know if my understanding was in fact "the truth", but that remains for time to prove. Thanks for your comment. -R