Tuesday, October 29, 2013

If Germany can't recover promptly half its tons of gold, how can the Philippines ever recover its 200,000 metric tons?


There are supposed to be only 171,000 tons of gold in circulation in the world and Germany, with  3,395 tons, is supposed to have the second largest. 1/2 of that was hidden in Fort Knox in the US and Germany now wants it back. It's been 7 years since it asked and it hasn't gotten any yet. When it asked for verification, a Bundesbank representative was just shown a few bars for inspection. When it insisted, the representative was taken in only one of 9 rooms but "no touching" (not even to check if they were not gold-plated?). German Bundesbank officials are still polite though everybody in Germany is understandably agitated. A German court finally asked the Bundesbank toaudit its gold.

The Philippines has about 200,000 METRIC TONS (note, not TONS) in the US if you include the 63,000 metric tons of Gold extorted during Edsa 1 revolution (READ here and the letter itself here). If 60 TONS of Germany's gold can't be returned promptly when asked, does the Philippines even have a chance?

The world's financial system is built on trust, and trust is suddenly becoming scarce as a consequence of America's financial woes. The dollar fiat economy is on death throes and most experts believe in the  introduction of a gold-backed new currency soon. Philippine gold will certainly play a big part.

 Meanwhile, Filipinos are mostly clueless (its leaders are very silent). Most of the great events in the world in the 20th & 21st centuries were actually influenced by Philippine gold. Project Hammer, which America used to bankrupt the Soviet Union, was financed by Black Eagle Fund, which was allegedly funded by the gold billions extorted from the Marcoses in EDSA 1. Most believed the artificial lowered world price of gold were certainly a product of  regular shorting of the market by the dumping of sequestered gold by the cartel. German, Philippine, etc. gold? One wonders, if the miniscule German gold was touched, how could the Philippine gold ever have been missed when they practically filled the vaults?

The sobering question: With its gold, how could the Philippines even be poor... and indebted? When its gold is, no doubt, leveraging frenetic money growth around the world, how could it even have had debts? Ginigisa sa sariling mantika, anyone?

Frankly, Filipinos should just forget the divisions of Edsa & just use their head for once. Their divisions keep them from following the gold. Pursuing one's interests doesn't necessarily mean you take sides with any of the powers that be who are vying for upmanship in the world. Simply, fair is just being fair. About time.







2 comments:

  1. The government should look into this. Tama na kasi ang politika, matagal nang wala si Marcos. The wealth he left the Philippines will greatly help the country, let us unite na please

    ReplyDelete
  2. Kakarampot na nga gold ng Germany, pahirapan pa

    This is more hilarious

    http://www.zerohedge.com/news/2013-01-16/it-will-take-fed-seven-years-deliver-300-tons-german-gold

    ReplyDelete