The Golden Truth: Ben Shalom Beranke Fiddles In Front Of Congress, Under Oath

Monday, January 6, 2014

Ben Shalom Beranke Fiddles In Front Of Congress, Under Oath

Tragedy is like strong acid: It dissolves away all but the very gold of truth.
- D. H. Lawrence

Indeed, David Herbert, when the fiat-currency-driven paper gold market collapses, exposing the giant Ponzi scheme of the western Central Banking fractional gold bullion system, it will be a tragedy for the United States that will reveal the golden truth.

Here's Ben Bernanke's testimony to Congress, in which he asserts that gold is not money and that Central Banks hold gold as part of their reserves only out of tradition - like a Fiddler on the Roof:

If that's the case, then where is audit of the Federal Reserve's gold vault? The audit that the Fed has spent hundreds of thousands, if not millions, to avoid - including hiring the former Enron lobbyist Linda Robertson in 2009 to help fight off Ron Paul's attempt to force an audit.

4 comments:

AnonymousMonday, 06 January, 2014
Monkey Business!

For these 37.5 tons to be recast brings up the question of where did it come from. Was this the original gold that was safe kept? Or was the German gold leased out 100 times over and is this gold from another source? Is this like the bank employee or even retail cashier who stole from the register with the intent of replacing it before anyone found out? This is a very legitimate question because we know for a fact that demand has outstripped supply for 20 years or more…and the supply had to come from somewhere, right?

If the gold was held on an “allocated” basis then the bars should at most need a feather duster to clean them up before shipment…unless they are not the same bars. There is no other explanation to this, the NY Fed would have absolutely zero incentive to go through the process of recasting (refining?) even 1 ounce if they were shipping what was originally stored. Germany would not, should not expect their gold back in any form other than how it was originally delivered to the NY Fed in the first place.

I call “monkey business” on this one because there are just too many questions. The questions collectively ALL have the same obvious answers. All of these obvious answers point to the same conclusion. The German gold that is being delivered is not the same gold that was supposedly deposited over 50 years ago. The fact that their 300+ tons (20% of the supposed total) will take over 8 years to deliver means that it’s not just sitting in a corner collecting dust and waiting patiently to be delivered…it has already been mobilized and “used” years ago. The conspiracy wackos who used to be laughed at with their (our) farfetched questions and claims had merit after all…and all along the way!

http://blog.milesfranklin.com/monkey-business

See....

Strange things going on at the Bundesbank

The initial report from the Bundesbank stated that the first 150 tonnes would be subjected to an audit.

It now seems that the German gold retrieved was of the coin melt. or official reserves of the USA.
.
It now looks like the German 37 tonnes of gold at the Federal Reserve Bank of NY was of coin melt.
In 1936-1937 a major portion of Fort Knox was filled with coin melt gold as all of the 1933 double eagle plus other years plus confiscated gold coins were melted and placed there. If I am not mistaken Fort Knox had around 6900 tonnes of coin melt gold that became official reserves of the USA. They did not refine any of this gold. The weight in gold was accurate at 90% gold.

The big question is how did this coin melt get to FRBNY?
The gold at FRBNY is ear marked gold and cannot be leased out.
If it is original gold coin melt (from Fort Knox) why did it take one year to get this gold to Germany?

http://harveyorgan.blogspot.com/2014/01/jan-62014no-change-in-gld-but-loss-of.html

Alms for the poor. Alms for the poor, good citizen.

A single piece of gold is all I ask. Please.
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BrianMonday, 06 January, 2014
With a genius IQ, perfect SAT scores, and a doctorate from M.I.T., Bernanke is the smartest guy in the room. It is impossible for a man with his credentials not to know everything there is to know about gold.

What he said was a flat out lie. When he said it- that's when you know what's at stake. It is that serious that he would completely lie. The exact opposite is true and this POS knows how much gold treasury has disposed of. Take it to the bank.
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AnonymousTuesday, 07 January, 2014
Bernanke's has and is plugged into the game that's been played for hundred of years by the people in control of the fiat currency. The truth is plain and simple. If physical gold and silver were to be revealed and respected for what they are- true money , game over for the ones controlling the world by way of the manufactured currency that they have most of the worlds population believing is the only worthy form of "money" * to believe in. Those that control the world with their currency also sign Bernankes pay check.
*U.S. currency is NOT money.
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AnonymousTuesday, 07 January, 2014
Dave,
Your predictions about the holiday sales were bang on-- I just read that Target, et al had terrible sales and will be revising down their profit projections (Wall Street Journal, I think). Pretty sure the story was the same here in Canada based upon what people I know were giving and getting. Good call on that one.
I hope I'm wrong but my own projections combined with what people like yourself, Doug Casey, and John Williams tell me things are desperately waiting for a Black Swan (be it a minor or major one) to start seriously falling apart on the housing, Dow, and S and P. There's a meltdown a-coming but I believe that ultimately precious metals stocks and miners will do fantastically in the long run, just like in the 30's. I don't have any stats but I bet miners made good wages through that period, too. I started late in the game getting my geology degree when I turned 40 (2005) and had no serious precious metals or financial understanding until I dove in in '08 because I have never had trouble getting a job in my whole adult life until then and I needed to understand why I could find no work of any kind, let alone in mineral exploration. I can ride out a few months on the silver I have acquired if it goes really sour but it concerns me that despite their pathetic lows right now the miners might get dragged down in the short run (and how long a "short run" is the question) when the market(s) including housing fall apart again. Miners were the 1st to rebound in '09-- do you think that's the likely scenario again? Any other thoughts on how things might play out for the miners?
Justin from Canada
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.