Usury: Weapon of Control and Enslavement – Part 1 and 2

Tuesday, November 5, 2013

Source – Activist Post

Part 1

The world economy is based on the sand foundation of usury, which was considered a sin and tool of covert warfare for thousands of years.

The rich rules over the poor, 

And the borrower is servant to the lender. Proverbs 22:7

Let me issue and control a nation’s money and I care not who writes its laws — Attributed to Mayer Amschel Rothschild

The world financial system seems complex but it is actually very simple: a cabal of bankers has conquered the world by lending people and governments money that does not exist and charging interest on it. No lasting economic recovery or increased standard of living is possible for the majority unless usury and the political power of bankers are abolished.


Usury is the lending of money with interest.

Historically, many cultures regarded the charging of interest for loans as sinful. Some of the earliest known condemnations of usury come from the Vedic texts of India. Similar condemnations are found in the religious texts from Buddhism, Judaism, Christianity, and Islam. At times, many nations from ancient China to ancient Greece to ancient Rome have outlawed loans with any interest. Though the Roman Empire eventually allowed loans with carefully restricted interest rates, the Christian church in medieval Europe banned the charging of interest at any rate.

Usury has been denounced by a number of religious leaders and philosophers in the ancient world, including Moses, Plato, Aristotle, Cato, Cicero, Seneca, Jesus, Aquinas, Martin Luther, Muhammad, Gautama Buddha.
The ancient Israelites called usury “a bite.” It is like the slow poison of a serpent: “Usury does not all at once destroy a man or nation with, as it were, a bloody gulp. Rather, it slowly, sometimes nearly imperceptibly, subverts the victim’s constitution until he cannot prevent the fatal consequences even though he knows what is coming.”

The Old Testament “also classes the usurer with the shedder of blood, the defiler of his neighbor’s wife, the oppressor of the poor, the spoiler by violence, the violator of the pledge, the idolater.”

Indeed, the only time the Prince of Peace became violent is when he cleansed the temple of the money changers.

… Jesus went up to Jerusalem. In the temple he found those who were selling oxen and sheep and pigeons, and the money-changers sitting there. And making a whip of cords, he drove them all out of the temple, with the sheep and oxen. And he poured out the coins of the money-changers and overturned their tables.

Modern churches and synagogues remain silent in the face of this great evil. And today, the money changers (high-level bankers) have conquered the world with usury as their discreet weaponry. It is the fraudulent foundation of nearly all economies through debt-based currencies issued by privately owned central banks, fractional reserve lending, mortgages, credit cards, auto loans, business loans, and IMF loans.

The most powerful money changers have established think-tanks with their ill-gotten gains, such as the Council on Foreign Relations, Trilateral Commission and Bilderberg Group, which control all major political parties (The Establishment).

To free the world of debt slavery and a totalitarian world government run by money changers, it is necessary to understand these frauds.

Fractional Reserve Usury Banking

Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it all back again. However, take it away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits. — Sir Josiah Stamp (President of the Bank of England in the 1920s).

Local and large banks profit tremendously from the fraud known as fractional reserve lending. While bankers wear suits and appear respectable, they actually prowl around like roaring lions seeking someone to devour. It works like this:

I set up a Rothbard Bank, and invest $1,000 of cash. Then I ‘lend out’ $10,000 to someone, either for consumer spending or to invest in his business. How can I ‘lend out’ far more than I have? Ahh, that’s the magic of the ‘fraction’ in the fractional reserve. I simply open up a checking account of $10,000 which I am happy to lend to Mr. Jones. Why does Jones borrow from me? Well, for one thing, I can charge a lower rate of interest than savers would. I don’t have to save up the money myself, but simply can counterfeit it out of thin air. Since demand deposits at the Rothbard Bank function as equivalent to cash, the nation’s money supply has just, by magic, increased by $10,000. The inflationary, counterfeiting process is under way.

To simplify, the inequity of the world’s banking system is the fact that the money borrowed from a bank is created out of nothing. On the other hand, the borrower must actually produce real goods and services to earn money to pay back the loan plus interest.

When bankers create money faster than the economy grows, the purchasing power of the dollar declines which is known as inflation. The majority of the population is competing like wild animals during a famine to earn enough money to pay their debts and feed their families.

Home Mortgage Usury

A thirty-year-debt-slave is someone that has a home mortgage. First, the debtor is borrowing money that was created out of nothing through fractional reserve lending.

Second, after years of making payments, the debtor may become injured or unemployed. The bank will then foreclose and sell the house. The bank will keep the proceeds of the sale and all the principal and interest that the borrower paid prior to going into default. Therefore, the borrower, who normally puts down only 20 percent (or much less) of the purchase price, bears almost 100% percent of the risk despite the fact that the bank decided to loan the other 80% (or more).

Third, the cost of a home loan is approximately double the amount borrowed when thirty years of interest payments are included. For example, if a borrower with good credit buys a $300,000 house and puts down 20 percent ($60,000), the borrower will borrow $240,000 from the bankers. The interest on a $240,000 loan at 5% (a historically low interest rate) over thirty years is $223,813.88. Therefore, the total cost of the $300,000 home is actually $463,813.88 (not including property taxes and insurance). Run the numbers yourself.

Credit Card Usury

Those who do not pay off their credit cards each month are slaves to usury. The average Annual Percentage Rate (APR) for a credit card in the United States is 14.95%. Credit cards with APRs above 20% are common.

In California, the Attorney General admits that limits on usury applicable to individuals making loans “do not apply to most lending institutions such as banks, credit unions, finance companies, pawn brokers, etc.”

Student Loan Usury

Approximately 40 million Americans have borrowed money to attend college. The average balance is close to $25,000. Nearly 50 percent of recent college graduates are unemployed or working in jobs that don’t require a college degree and pay accordingly. Students should know that in most cases student loans are not dischargeable in bankruptcy.

The Federal Reserve

In the United States, usury originates through the private Federal Reserve banking system. The Creature from Jekyll Island documents the following individuals drafted the Federal Reserve legislation in secret at Jekyll Island in 1910 (page 5 of the fourth edition):

  • Paul Warburg, a partner of international investing giant Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in Europe, brother to Max Warburg who was head of the Warburg banking consortium in Germany.
  • Senator Nelson Aldrich: business associate of J.P. Morgan and father-in-law to John D. Rockefeller, Jr.
  • Frank Vanderlip: president of National City Bank of New York, one of the most powerful banks at the time, representing William Rockefeller and Kuhn, Loeb & Company.
  • Henry Davidson: senior partner of J.P. Morgan.
  • Charles Norton: president of J.P. Morgan’s First National Bank of New York.
  • Abraham Andrew, Assistant Secretary of the U.S. Treasury.
  • Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company.

Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913. On that day, the U.S. government officially transferred its power to create money and regulate the value thereof to the world’s wealthiest private bankers. Furthermore, the U.S. government would now borrow money from private banks, enslaving its citizens with the national debt, rather than creating its own money interest free.

Former Federal Reserve Chairman Alan Greenspan publicly brags that the private banking cartel isabove the law and creates unlimited money out of nothing to loan its insolvent borrower, the U.S. government.

David Lang, a Federal Reserve employee, admits that the Federal Reserve is a private corporation that pays dividends to its undisclosed shareholders. The head of security at the San Antonio Federal Reserve also admits the institution is private.

So who receives dividends from owning shares of the private Federal Reserve? Charts created by the House Banking Committee Staff Report of August, 1976 reveal the following people and companies own shares in the Federal Reserve: Rothschilds, J.P. Morgan, the Warburgs banks, Lehman Brothers, Kuhn, Loeb & Company, Jacob Schiff, William Rockefeller, David Rockefeller/Chase Bank, and many others.

A more recent study found that Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and HSBC now have the power of the Federal Reserve at their fingertips.

The IRS and Federal Reserve

Like the Federal Reserve, the IRS was created in 1913. The purpose of the IRS is to enslave citizens by stealing the value of their labor through collecting income taxes; by force if necessary.

Tax Freedom Day 2013 arrived on April 18 this year, meaning that Americans will work 108 days into the year, from January 1 to April 18, to earn enough money to pay this year’s combined 29.2% federal, state, and local tax bill.

In other words, on average, the IRS and other tax collectors steal over 3.5 months of each Americans’ labor time each year.

The private Federal Reserve is one of largest holders of U.S. government debt, owning approximately $1.794 trillion in U.S. Treasury securities. Much of the collected federal income taxes go towards paying interest on the national debt to the Fed for money that it created out of nothing and loaned to the government at interest. This unfortunate reality has been verified by G. Edward Griffin, Joe Plummer, IRS whistleblower, Joe Banister, and many others.

Part 2

In part one of this article, we defined usury as the lending of money at interest. We examined the history of usury and how it was considered morally reprehensible for thousands of years, prior to becoming the sand foundation modern economies. We also examined the mastery of usury, how they create money out of nothing and use it as a silent weapon for control of humanity.

Here, we examine the crimes and iniquity made possible by usury; and practical solutions.

Banker Bailouts

After the largest banks made bad loans and foreclosed on over ten million (10,000,000) homes, often illegally by forging documents, the private Federal Reserve, which is owned by its member banks, bailed out the following banks with at least $16.9 trillion according to page 131 of the first GAO audit:

  • Citigroup: $2.5 trillion ($2,500,000,000,000) 
  • Morgan Stanley: $2.04 trillion ($2,040,000,000,000) 
  • Merrill Lynch: $1.949 trillion ($1,949,000,000,000) 
  • Bank of America: $1.344 trillion ($1,344,000,000,000) 
  • Barclays PLC (United Kingdom): $868 billion ($868,000,000,000) 
  • Bear Sterns: $853 billion ($853,000,000,000) 
  • Goldman Sachs: $814 billion ($814,000,000,000) 
  • Royal Bank of Scotland (UK): $541 billion ($541,000,000,000) 
  • JPMorgan Chase: $391 billion ($391,000,000,000) 
  • Deutsche Bank (Germany): $354 billion ($354,000,000,000) 
  • UBS (Switzerland): $287 billion ($287,000,000,000) 
  • Credit Suisse (Switzerland): $262 billion ($262,000,000,000) 
  • Lehman Brothers: $183 billion ($183,000,000,000) 
  • Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000) 
  • BNP Paribas (France): $175 billion ($175,000,000,000) 
Other economists estimate the bank bailouts since 2008 at $29 trillion. That is correct: the largest banks, many of which appear to own shares in the private Federal Reserve, bailed themselves out in excess of the U.S. 2010 GDP ($14.59 Trillion – value of all goods and services produced in the U.S. for the year). Yes, even the fictional national debt of over $16 trillion could have been paid-off for less than the banks received.

Banker Bail-Ins

Depositors at bailed-out Cyprus’ largest bank will lose 47.5 percent of their savings exceeding 100,000 euros ($132,000), the government said. The figure comes after Cyprus agreed on a 23 billion-euro ($30.5 billion) rescue package with its euro partners and the International Monetary Fund. In exchange for a 10 billion euro loan, deposits with more than the insured limit of 100,000 euros at the Bank of Cyprus and smaller lender Laiki were raided in a so-called bail-in to prop up the country’s teetering banking sector.

To simplify, those with depositors with over 100,000 euros had their money stolen by the bank they trusted with their deposit. The Cyprus government and IMF approved.

This will likely be the model new model for bailing out banks and should arrive in the U.S. by 2016.

International Usury

Almost half the world, three billion people, live on less than $2.50 per day and 80 percent of humanity lives on less than $10 per day. According to UNICEF, 22,000 children die each day due to poverty. That is, people are dying because a bank did not create enough digits on a computer screen (money) for them to buy food. This is no accident; it is the bankers’ move to depopulate the planet.

John Perkins wrote Confessions of an Economic Hit Man. During the 1970s he worked as an economic planner for an international consulting firm. In his book he describes how the globalists force the economic hegemony of the bankers, the IMF and World Bank on victim nations in the Third World.

Perkins’ job was to negotiate huge loans to third-world nations, loans that the bankers created out of nothing and which they knew the borrower nation could not repay. Once the borrower defaulted, the bankers would demand the nation’s natural resources and gain control of its political system and economy.

Several third-world leaders had integrity and refused to enslave their nations to the money changers. They also refused the cash, luxury, cocaine and hookers Perkins offered them on behalf of the bankers. Perkins says that leaders who would not play ball would eventually be overthrown in a CIA sponsored coup or assassinated.

As we saw with Libya, nations that refuse the West’s system of usury are often demonized in the media and overthrown.

It must also be noted that the largest banks even conspire to fix interest rates and interest swaps. The whole game is rigged.

Usury and the Drug Trade

The Masters of Usury also run the drug trade. A federal judge recently approved HSBC Holdings’ (Europe’s largest bank) $1.9 billion agreement with the U.S. to resolve charges that it enabled Latin American drug cartels to launder billions of dollars.

Wachovia Bank, now a unit of Wells Fargo, leads a list of firms that have moved dirty money forMexico’s narcotics cartels — helping a $39 billion trade that has killed more than 22,000 people since 2006.

“It’s the banks laundering money for the cartels that finances the tragedy,” says Martin Woods, director of Wachovia’s anti-money-laundering unit in London from 2006 to 2009. Woods says he quit the bank in disgust after executives ignored his documentation that drug dealers were funneling money through Wachovia’s branch network. “If you don’t see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you’re missing the point,” Woods says.

… Miami-based American Express Bank International paid fines in both 1994 and 2007 after admitting it had failed to spot and report drug dealers laundering money through its accounts. Drug traffickers used accounts at Bank of America in Oklahoma City to buy three planes that carried 10 tons of cocaine, according to Mexican court filings.

The Bank of Credit and Commerce International (BCCI) was also used to by the bankers’ political operatives to run the drug trade and finance CIA covert operations.

Fruits of Usury

In addition to 80% of the world living on less than $10 dollars per day, U.S. citizens are now beginning to understand the fruits of usury. Four out of 5 U.S. adults (80%) struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American Dream.

Forty-seven million (47,000,000) Americans are on food stamps and more than 100 million Americans are enrolled in at least one welfare program run by the federal government.

Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs. Meanwhile, there were 101,716,000 people who worked full-time year round in 2011.

Today, 40 percent of U.S. workers make less than what a full-time minimum wage worker made in 1968. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds small but when you adjust for inflation it is equivalent to at least $10.74 today.

War and Usury

As George Orwell taught us:

The primary aim of modern warfare is to use up the labor and goods produced by the machine without raising the general standard of living. From the moment when the machine first made its appearance it was clear to all thinking people that the need for human drudgery, and therefore to a great extent for human inequality, had disappeared. If the machine were used deliberately for that end, hunger, overwork, dirt, illiteracy, and disease could be eliminated within a few generations. But it was also clear that an all-round increase in wealth threatened the destruction — indeed, in some sense was the destruction — of a hierarchical society.

In a world in which everyone worked short hours, had enough to eat, lived in a house with a bathroom and a refrigerator, and possessed a car, the most obvious and perhaps the most important form of inequality would already have disappeared. If it once became general, wealth would confer no distinction. It was possible, no doubt, to imagine a society in which wealth, in the sense of personal possessions and luxuries, should be evenly distributed, while power remained in the hands of a small privileged caste. But in practice such a society could not long remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realize that the privileged minority had no function, and they would sweep it away. In the long run, a hierarchical society was only possible on a basis of poverty and ignorance. 

The bankers support wars, often funding both sides, to gain control over people, natural resources, and to destroy goods produced as to not raise the general standard of living. They fund wars by creating money out of nothing.

The cost of the U.S. wars in Iraq and Afghanistan will be $4 – $6 trillion. How many home mortgages could that pay off? How many hospitals built or pot holes filled? How many people fed? The purpose of war is clear.

Since the beginning of the Iraq War in 2003, the New York Federal Reserve shipped tens of billions of dollars to the government and central bank of Iraq, allegedly for reconstruction. Between 2003 and 2008, over $40 billion in cash was secretly shipped in trucks from the New York Federal Reserve compound in East Rutherford, New Jersey to Andrews Air Force Base outside of Washington, where they were then flown by military aircraft to Baghdad International Airport. In just the first two years, the shipments of dollar bills weighed a total of 363 tons.

But much of that money was stolen, misappropriated, and simply lost. Despite Congressional hearings and reports, nobody is saying exactly what happened to the bulk of the money. Most likely, the stolen fiat dollars, secretly printed out of thin air to fund the US government’s illegal war and senseless slaughter of Iraqis, went towards intricate contracting schemes and corrupt Iraqi and American officials.

Solutions to Usury – American System

Those who wish to defeat banker usury (a.k.a. globalization), improve the U.S. economy by creating 30-40 million living wage jobs, and return to a productive economy should strongly consider supporting the United Front Against Austerity (UFAA).

The United Front provides only proven policy solutions based on the traditional American System of Economics and is endorsed by author and Scholar, Webster Griffin Tarpley. It does not support either side of bankers’ false left vs. right divide-and-conquer scheme. Instead, the UFAA is a mass movement built on the most basic issues of economic survival. Action items include:

  • Seize and Nationalize the Federal Reserve System
  • 0% Federal Credit for Real Production and Farming to create 30 million jobs
  • 1% Wall Street Sales Tax 
  • No Bank Bailouts
  • No Investment Derivatives
  • Student Loan Amnesty
  • Stop All Home Foreclosures
  • Rebuild the Nation’s Infrastructure
  • Medicare for All Who Want It (as opposed to the Obama Care giveaway to insurance companies)
  • Minimum Wage and Living Wage
  • Tariffs on Imported Goods
  • Ending the Wars and 0% Credit for Developing Countries
Of course, those who have studied the bankers and their New World Order often come to the conclusion that the only true solution is a spiritual one.

For the love of money is the root of all evil — II Timothy 6:10

Paul Adams is your humble servant and a follower of Jesus Christ.

RV/Gold Bait and Switch? – Secular Value vs Absolute Value – Hidden History of Gold


AK NOTE: Comments in red below are solely mine….  -BILL
RV/Gold Bait and Switch? – Secular Value vs Absolute Value – Hidden History of Gold

Visual of average Joe, happily putting on clothes with their 
golden shackles. Represents Gold’s true purpose in oursociety,
maintaining slavery systems.

GOLD Gold gold! This post is going to cover, why Gold historically has so much significance, and how the new push for a Gold back currency is the same old game.

D, from Breaking the Silence Removing the Shackles is constantly reenforcing this idea. Her recent post details that the new financial system and Revaluation, was intended to be Slavery Systems 2.0, the culmination of efforts the NWO or Illuminati have been planning for years. This post will outline the rationale and concepts to why this is the case, and why an Absolute Value System is needed now more then ever. Lets take it back to PRIME!

Historically Gold has served as a mechanism to control society. The bankers and financial powers of the planet have used Revaluations every 70 years or so, to transfer wealth from one group to another; usually from the free people of the planet, to the elite. There are 3 bodies of work we can use as reference material for this discussion which I will list at the end of this post.

What is Value and Why is Gold Valuable?

Visualization of Public forum wherein we decided gold was
 valuable. Presumption of Fact by Convention.

The proponents of a Gold backed Currency claim that gold is THE ONLY REAL MONEY we have ever had, as if gold was some how imbued with divine powers in some far distant event in earths history. The fact is gold has no more value then anything else intrinsically, it only has value because WE, the sources of ALL VALUE, give it value by convention; Presumption of Fact by Convention. Presumption of Fact by Convention means, a social agreement to recognize a thing as true. Social agreements are used at all levels of society and civilizations on earth. But, a social convention can be a fiction, and historically speaking usually are.

“The world is flat!” This is a prime example of a Presumption Fact by Convention, the Vatican and Pope declared the world was flat and the Earth was the center of the universe, that does not mean it actually was true, but in the world of social agreements, it was. Gold has value by Presumption of Fact that it has historically ALWAYS been valuable; which can only be true by social agreement or convention.

Nothing (No-thing) in the Universe has Intrinsic Monetary Value

Intrinsic Value means: Intrinsic value is an ethical and philosophic property. It is the ethical or philosophic value that an object has “in itself” or “for its own sake”, as an intrinsic property
Intrinsic value from the definition above implies a thing has value by itself. How can Gold have Intrinsic Monetary Value by itself? It can not because the entire concept of gold having monetary value is in relation to people. If you remove the individual gold has no meaning as money.

Visualization of ALL Value being relative to the person who is
 doing the measuring. No-thing has Intrinsic Value by itself.

The presumption here is that Gold is by definition valuable but this is not true. Gold only has value because people says it does and then act accordingly. Gold has many qualities which make it ideal for a measure of value: fungible – has cross cultural exchanges, incorruptible – it will not degrade or oxidize, static total quantity – all gold on ever mined on earth is known and therefore no more can be mined – making it a fixed total worth.

But if we examine each of these qualities we realize that they are all subjective to humans, and therefore nothing more then value by convention or agreement. But there is a hidden aspect to why gold based Secular Value Systems are used – because they can be manipulated by those who are in the know; knowledge is power.

Where does Value come from?

This is a HUGE concept to discuss at the moment and a great many are confused trying to make sense of it, but the source of ALL value can be understood very simply. All value is in the eye of the beholder. We can dispel the gold-as-absolute-value myth pretty quick by working through some thought experiments and taking things into perspective.

Value is intrinsic to BEing. Value is transmitted to others by DOing.

Imagine a 10 feet cube of gold that you want to sell to a gold dealer. Now if gold had Intrinsic Monetary Value, you and the dealer should agree on price automatically, right? Nope, you both have a different measure of that cubes value. Of course you might say, people have to agree on exchanges of value, that’s how businesses work. Exactly! We must agree. Further, the average person can’t do much with a 10 foot cube of gold.

This brings us to where value really comes from. Value is a term which makes reference to something else. A bushel of carrots to a vegetarian has much more value then a pound of hamburger meat because of the usage each has with respect to the individual is different. Similarly, high tech electrical components have more value to a computer manufacture then 10 tons of cow manure. It should become clear now how value actually works in reality. A thing, has value only in relation to how it can be used by you! This is what is meant by you are the value, the meaning a thing has, that you give, is what it’s value is to you.

All THINGS have Value

Does the air you’re breathing mean something to you, absolutely it does. Does the person closest to you in your life mean something to you, of course they do. How can anyone then argue that Gold is the only thing of real value, as an absolute, unquestioned truth, when it clearly it is not.

Cosmic Christ by Alex GreyVisualization of All
Value being in the Eye of the Beholder

All things are valuable to the individual ONLY. Meaning, each thing in existence means something different to everyone else dependent on their BEing in relation to their DOing. Just like we discussed above, a people deem things valuable based on their usage or relation to the individual. Give a fisherman some line and a body of water, and they can create value from those things; they can fish. Give a poet experiences and the poet will create value from those experiences; they will write poetry. Give a musician a piano, and they will create value from that thing; they will make music for others to hear.

Do you see now how EVERYTHING has value, but the value is relative to each individual?

This is why our value is infinite, because as we do the INner work to realize who we really are, we expand our consciousness to discover that all things relate to our selves because we are ONE. This simple idea has universal ramifications, and the greater your capacity to realize this concept the more value and meaning each seemingly separate thing has. What is meant by Eternal Essence Embodied, is all things are the infinite, rendered into finite form. Value appreciation is a function of awareness and attainment of truth realization within.

Thats why doing the Inner work is so important to Showing you the money. You are the mechanisms that gives that money value, for yourself!

Secular Value System vs Absolute Value System

Visualization of the Secret Intent behind Gold -A Secular Value System
 designed to control creative powers on earth

An example of Absolute Value System is essentially the world of nature. Does nature waste anything? No, nature will make use of all things in her BEing and to facilitate her DOing. Nature is the best and greatest model for an Absolute Value System we can see.

What is a Secular Value System you maybe asking yourself? It is the agreement of a society, the majority of a society or the controlling influential members of a society, to agree that: only SOME things will be acceptable as value instead of ALL things. As we just reviewed, this system is a fiction because the greater truth is ALL THINGS HAVE VALUE. The history of modern civilization going back to ancient Sumer is an epic of Secular Value Systems dominating our planet. These systems are designed for one purpose, to transfer power of creation, via the labor of the free people, to a controlling elite.

As you will discover, this is how gold has been used all throughout our history.

Musical Chairs Game

How does gold transfer powers of creation to the controlling elite? Silver, cattle, trade goods and labor have always worked side by side with gold as methods of value representation for all of human history. As you will discover, gold has been used like a financial ‘musical chairs’ mechanism – powerful people quietly accumulate gold, then declare it as the only thing of real value (the only true money), and nothing else can be used to pay debts. This causes a currency crisis in the society as items that were previously used as value expressions are now worthless. Its like buying a stock at $50 a share only to have the price bottom out the next day. The people who were in the wise before hand are now the kingpin’s of the new, gold backed financial system.

Visualization of power grab that is accomplished by knowing when
 the Monetary ‘music will stop’ (i.e. when we switch to a gold standard)

Now those who did not know, and only have goods to sell for the new gold, sell off all their possessions for gold. The Music was shut off and now they are scrambling to fill the chairs that are left over. This is exactly what happened in Rome during the time Julius Caesar took Power. The Video below will detail this.

See this post, Silver & Gold – Hidden Secrets Of Money ‘Currency Vs Money’ – Mike Maloney, and listen to the the narrator. This is exactly the musical chairs game we are taking about. “We are about to see the biggest transfer of wealth in recorded history, this has happened many times in the past, and if you know before hand you can ‘ride the wave’ on the other side, and make mountains of money!” (paraphrasing) This is exactly what we just described above, a musical chairs game.

I can not speak for everyone, but I can tell you I am done playing games.

Gold and Silver vs Fiat Currencies

Visualization of Unknowing masses forced to switch over to gold,
when the ‘Monetary Music Stops’

The popular rhetoric of late is ‘any fiat currency is the incarnation of evil, and gold is the savior of modern society.’ But as we just learned, all things have value relative to the individual. Therefore all money, whether gold and silver coins, gold backed paper money or debt money is valuable by convention and therefore fiat!

Gold is the worlds oldest and most successfully power grabbing mechanisms; the worlds oldest fiat Currency. The latest push, Basal III, the Revaluation and a-like, are all going to quietly transfer wealth to the hands of yet another unseen elite.

A currency based on Fiat is actually a more honest expression of what any value system really is, social conventions. Why does it get so much bad press? Because the people who designed and use our contemporary FRN Fiat currency, are using it as a Secular Value System to control creation via the labor of the free people.

Fiat Money System can be an Absolute Value System

One of the Historical Examples of interest free Fiat Money
Systems being squashed by the Elite, because they have
 the power to free the people

A Fiat money system is the only system which can act as an Absolute Value System, but only if it is managed with transparency and by a well educated and personally responsible public. If a Fiat money system is controlled by an elite, even the most well intentioned, it will most likely be corrupted and co-opted for that elite’s interests. This is why it is so important to have a personally responsible public.

You will discover later, histories most powerful and influential societies, at one time, had Fiat money systems which were destroyed by secular money systems. Fiat Money Systems, just like an Absolute Value System, MUST be Interest free. Any Usury will aggregate power into the party whom collects that interest, and if they do not spend all the interest back into the free society, scarcity will result for the free people within.

The I-UV Inchange [corrected Exchange to Inchange -AK], is an Absolute Value System based on energetic exchanges of BEing and DOing, which is much more harmonious of how nature and the universe at large actually work. I will be re-releasing a post I wrote in early 2013 “Showing you the money – How to Access Your Absolute Value” which discusses how goodwill and love are the foundations of an Absolute Value System.

Resource Material: The Secret of Oz

The Secret of Oz is a wonderful series of the secret history of money mainly covering the United States. The data presented reveals how Fiat Money Systems based on Interest free public currency are the life blood of successful societies the world over. And it will demonstrate how Gold has ben used to divide and conquer as well as transfer wealth many times in the past.

Resource Material: Financial Tyranny by David Wilcock

David does a wonderful job in his free ebook, Financial Tyranny, revealing probably the most recent musical chairs power grab by the elite using gold. The Concept of a Secular based Value system causing major problems was actually the basis for why they wanted to switch to a world Reserve Fiat system in the first place; the Wealth of Nations, by Adam Smith was written to support this notion. However, because the system was in the hands of the elite and their hidden interests, it ultimately served to hinder humanity, instead of free it.

To review this full body of work please see this post DIVINE COSMOS: FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time.

Resource Material: – Gold

In a recent interview on the 5d Media Network, Heather Ann Tucci-Jarraf refer to the releasing of gold from spiritual bondage. This idea, that gold is alive, just like all other things in the universe, and it has been kept in slavery, just like we have, is also presented in the following.

Gold has a long history on earth, and not in the way people have traditionally though of it. Frank, of UCADIA networks, uses some strong language to discuss these concepts, but on the whole they are amazingly revealing.

– Justin

During my interview with Cobra in November of 2012, he told me about Jesuit priests using small gold bars in dark rituals during baptisms. He said they placed the bars on the foreheads of babies while reciting incantations in Latin to gain control of the new baby’s soul.  He also mentioned that when the Pleiadians confiscated Rothschild and Jesuit gold, they put it in “tachyon chambers” to cleanse the energy of the gold from ancient curses.  Admittedly Cobra’s claim sounded far fetched but David Wilcock had already proven the esoteric (and often dark) connection between gold, banking, and finance.  

David mentions in his Financial Tyranny article the case of the hasty Yamashita gold burials in the Phillipines as the fled the advancing American Army and how they made POWs and slave labor dig the caves for the gold, then shot them them next to the graves, put a curse on them (supposedly to cause their souls to be trapped with the gold and cursing anyone who took it) and then shot the soldiers and officers who supervised it all repeating the process. The intent being to have an unseen group of souls surrounding the gold thus cursing anyone who stole it.

I learned from Heather’s husband Youssef this spring about a legend of a King of Morocco who was fleeing for his life from an enemy doing a very similar thing when he buried his gold caches in Morocco (which have not been found to this day).

In December 2012 I met Heather Ann Tucci Jarraf of the OPPT,  during our subsequent conversations since then she told me about the ritual use of gold in dark rituals and how gold symbolically represents the soul and has a number of unusual properties, like a specific DNA type structure in it that can identify which area of the world it was mined from.  Silver represents the body symbolically and both are tied to the old worship of the Sun and Moon as male and female aspects.

Gold in monatomic form seems to have a number of unusual quantum properties and the ability to teleport itself.  Monatomic gold is digested by some esoterics for its spiritual consciousness effects and there are stories of elites from ancient cultures eating gold backed into loaves.  Some have speculated this might perhaps be what was called “Manna” in the bible.  

There are also reports of an offworld trade in Human DNA and it is shipped to its destination wrapped in a protective gold layer.  -AK

PS: Article below is from:

Evil Symbols


Key Facts
Other names G (in Freemasonry), ór (gaelic sounding “awe”), zaháv (hebrew)
Year of origin As religious material = 4,500 BCE from Ireland (Cuilliaéan)
  As cursed material = 1260 BCE Under Ramses II onwards
  As cursed “lawful money” destroying Empires from 60 BCE onwards
  As medium for cursing souls from 1543 CE onwards as “Bar”
As medium for cursing souls from
1543 CE onwards as “Bar”

Gold, the god of the Roman Caesars in opposition to the Divine Creator (as referenced in the New Testament); the false god of the Israelites (golden calf) in opposition to Yah; the false god of the MenesHeh in opposition to Sabaoth (Satan); the ultimate “G” meaning of Freemasonry; the cursed medium into which the “salvaged souls” by the banks and courts condemn our spirits since 1543; the wrecker of civilizations and cause of great depressions as “lawful” money; the medium of spells and madness.

No other medium has caused so much suffering, so much war or grief. No other medium or material has been associated with so many curses. No other object has been proven to be the very worst material for underwriting “lawful” money through indisputable evidence of its use by bankers and merchants to beguile, usurp and collapse empires. Yet despite all these warnings, including more scriptural warnings than any other substance across more faiths than any other material, Gold remains a substance worshipped by hundreds of millions, particularly Christians in absolute contradiction and defiance to their faith.

Despite its worship, despite overwhelming historic evidence of its danger, those that promote gold, particularly as “lawful” money rarely consider its clear history, its dominant “owner” and its sole purpose for over two thousand years as a destroyer of cultures and as a bringer of curses and ill fortune upon those spellbound by it. Therefore, we will investigate how such a medium acquired such evil symbolism and power.

The Religious Origin of Gold

While erased from the history books, the first verifiable Gold mines and goldsmith work originates from Ireland – a source of the majority of the Gold for the early and middle Bronze Age. Ireland and specifically the first priest class of Western Civilization, the Cuilliaéan or “Holly”, are also the source and origin of the religious origin associated with Gold.

As the Cuilliaéan (Druid Priest Class) exported spiritual reasoning to all corners of the known world from the 5th Millenium BCE onwards, so too their artifacts of Gold were considered to possess supernatural power. One of the most excellent examples of Cuilliaéan spiritual gold work still preserved are the “Wizard” or Vizier hats (one known as the Berlin Gold Hat) detailed extremely accurate lunar settings and astronomical information.

The origin of the curses attached to Gold

Under the Hyksos Kings of Egypt, exiled from their reconquered Ebla and themselves connected to both Ireland and the ancient Ebla Priest-King lines, Gold as a sacred medium grew to new heights.

However, following the successful defeat of the last absolute Hyksos Pharaoh Akhenaten by the swamp pirates of the Nile Delta, the Menes, rose to power as the Ramses and set about squandering and abusing the massive wealth of Egypt, causing even greater hardship and economic ruin. Seti, the son of Ramses I was responsible for capturing the former leading court families of Akhenaten from Ugarit and returning them to Egypt now as slaves instead of senior officials. However, under Ramses II from 1260 BCE, these supernatural beings who survived the plagues of Egypt were forced to rob the tombs of their former masters, defiling their very ancestors to melt down the phenomenal gold of the Hyksos to pay for the extravagance of the Menes pirates.

Thus the curse of gold began with hundreds of thousands of small “bars” being minted as the first “lawful money” all carrying millions of curses associated with the desecration of the Cuilliaéan (Holy) Hyksos Kings. From this point on, the followers of Akhenaten as Moses, became known as the Israelites or the “unclean/cursed”.

The worship of gold as a “god” in itself

Since the infusion of millions of curses into gold as a medium of “lawful money” by the Ramses Menes pirates ordering the Israelites to “melt down” the history of the Hyksos, three groups have dominated the control of gold, with only one being immune to the curse of gold – the Cuilliaéan; the other two being the Israelites and the swamp pirates being the Menes (later Menes-Heh and their descendents the Khazars, Venetians, Ashkenazi, Zionist).

During captivity under the swamp pirate Ramses pharaohs, the Israelites were the first group to begin worshipping gold as its own god, in the form of the “golden calf” in an open rejection of Yah and the Divine Creator. The calf was later also adopted as a false god by the Menes-Heh themselves.

This open rejection in defiance of the Divine Creator – a kind of reverse curse claimed against all creation of the Divine – finds its modern equivalent in the “G” of Freemasonry and the highest realization of those that attain the status of enlightenment as a “Gewe” that the G standards for the god of Gold as a curse and hatred against the Divine, the world and harmony.

The worship of G being the Golden Symbol of Freemasonry, being the embodiment of the Golden Calf is also the origin of the Parasite – a mental illness perpetuated through the manual of mental illness known as the Talmud that continues to infect the world today and spellbinds worshippers of Gold to rather destroy the world than save it, to sacrifice their own families for their earthly “god”.

The origin of “lawful money” and the destroyer of Empires

While the use of gold as a form of currency and portal wealth dates back to the time of the swamp pirate Menes Ramses Kings of Egypt, the production of gold and any association with the fictional concept of debt was always considered public until Rome around 60 to 62 BCE. Indeed, the Greek city states and many other civilizations were minting and using gold coins as currency for hundreds of years prior, such as the city of Lydia, without causing economic depression.

The historic difference is what took place in 60 to 62 BCE in Rome when Julius Caesar sought to “purchase” control of the Roman Empire with the help of the Menes pirates now merchants and bankers, who controlled the Temple of Juno. In exchange for “privatizing” the money supply of Rome from base metal coinage to gold and granting them exclusive and perpetual production of coinage, they agreed to underwrite his campaigns.

Thus 60 to 62 BCE represents the actual “zero point” for the creation of lawful money by the Menes bankers/merchants by seizing control of the public money supply to make it private, using gold as the spell and illusion. Within two years the whole Roman Empire was in financial crisis and Civil War erupted. So with the creation of “lawful money” – by permitting an elite class of pirates with historically no conscience, ethics or beliefs to control the money, using gold, Empires could be brought to their knees. The Temple of Juno was called Juno Moneta and is the origin of the word “Money”.

The use of gold as the trick into gaining control and privatization of the production of money has been repeated by these same families and those that followed being the Khazar/Venetian/Ashkenazi (Nazis) has seen countless Empires rise and fall from the Spanish, the German, the French, the English and soon now the American Empire of Pax Americana by 2011/2012 (if their plans continue unchallenged).

In the past three hundred years, those that control the vast majority of gold have undertaken two specific campaigns – to remove private citizen ownership of gold and to remove public gold reserves as competition. Gold is then withdrawn after an appropriate time, replaced by liens, and paper based underwriting to paper based currency. As debt has become unmanageable, gold is then returned under a different guise, using the poor intellectual and “truth and enlightenment” class to promote its validity.

This is precisely the plan being successfully executed by the descendents of the Menes water pirates and the Khazar land pirates now as bankers and merchants. The strongest promoters of “lawful money” today is not the business class, historians or politicians, but the truth movement, unwittingly manipulated by the bankers as they were every seventy years like clockwork in the 1930’s globally and the 1860’s in America , in 1790’s in France and in 1720’s in Amsterdam and Germany.

Despite the fact that the Parasite Banker/Merchant families have used the “lawful money” trick of gold repeatedly and despite the fact of the overwhelming evidence that such acceptance only strengthens their control on commerce, the truth movement of today is completely and utterly entranced, ignorant and spellbound as it was every other time since the days of the Roman Empire and Julius Caesar – hence the curse power of gold.

The origin of gold as the prison of “salvaged” souls

On March 14th 1543, the Venetians completed their conveyance of the power structure of the Roman Cult to their new church and force, the Society of Gesu (Jesus), thereby ensuring neither the Medici, nor their arch-enemy the Parasite families of Genoa could seize real power again. The new site for the apparatus of the Vatican being the Court of Rota, the Sacred Chancery, the Treasury and the Sacred Penitentiary would be London, as the New Jerusalem Temple and later the United States as an extension to the Temple.

During this time, the Jesuits were granted an exclusive “right” never before seen, the concept of salvaging those souls “lost” to the See (Sea) through the concept of Salvation using Banks and Courts as part of their apparatus – Thus the full blown commercialization of sin. [HINT: Notice the connection to UCC Commerce/Admiralty law regarding salvage of “ships at sea” -AK]

What then did the Jesuits consider was the highest collateral against the flesh as surety and performance of promissory notes? Indeed, it was the soul. But where does one place something ethereal when salvaged and into what tangible medium? The answer was Gold Bars, the origin of the name of the Bar Associations, the “reapers of souls”.

Bar means “stake or rod of iron used to fasten a door or gate”. It also means “ruling with a rod of iron”. So now, the Jesuits controlled the Sacred Penitentiary into which were placed the most valuable asset of all, souls cursed into Bars of Gold.

Of course, such claims can easily be dismissed as conspiracy and satanic ritual theorizing gone mad. Yet gold has remained in some way the base underwriting of all “lawful money” ever since, making a comeback every seventy years or so, promoted by the truth movement and patriots of the day, to their eternal regret after the fact.

However, strong symbolic evidence exists that the mandatory requirement of Bar gold to be 999.9 percent pure is derived from 666, which is the upside down of 999.9. Again, such arguments can be seen as pure conjecture. Yet what cannot be argued is that gold as lawful money is written in the strictest of law possible within the Bible and other texts as an abomination, as a false idol – yet is totally supported and promoted by people who claim to follow its teachings- thus proving without question the supernatural powers associated with this cursed medium.

How much Gold has ever been produced (mined)?

It may or may not surprise you to know that there is no unanimous agreement as to exactly how much gold has been produced, nor is still in existence and “owned” across planet Earth.

We know that official (public) gold reserves account for some 30,000 metric tonnes of Gold, the single largest gold deposit facility being the Federal Reserve of New York with around 5,000 in official (public) gold reserves.

Then there are private gold reserves, not declared and included in total estimates. The internationally recognized Barclays Bank estimate around 24,000 to 26,000 metric tonnes are stored in secure private facilities and that around 80% of all the gold ever mined is in bullion (bar ingot) form. They therefore estimate the total Gold mined to be only 70,000 tonnes.

However the internationally recognized US Geological Survey Department as well as historical mining publications put total global gold production from 1900 to 2006 at 128,075 metric tonnes which is over 58,000 higher from the last century alone than the total claimed by Barclays as being all the gold ever mined!

Contrary to the banking sector which seems to substantially low ball estimates, the mining industry claims the total gold produced is closer to around 140,000 to 150,000 metric tonnes.

However, if we take into account both accurate production measures and historical data, then from 1600 to the present day, over 150,000 tonnes of gold have been produced, which means even the seemingly “high” figure of 150,000 tonnes is still too conservative.

For example, over 3,000 tonnes of Gold was stripped from the American civilizations by the Spanish between 1492 and 1600, estimated to be around 40% of total global production during the period. Between 1600 and 1800, the Jesuit controlled massive slave mines of Colombia and Brazil are estimated to have produced three times the Gold stolen during the American civilization genocides.

The most accurate estimate, taking into account all records, all historical references and the history of mining techniques and mining areas is that around 200,143 metric tonnes is closer to the figure of all gold every mined/produced.

Gold Mined
Years Production Total %
pre 0   25,000 12.50%
0-400 8,597 33,597 4.30%
401-1490 8,129 41,726 4.10%
1491-1600 6,513 48,239 3.30%
1600-1800 12,312 60,551 6.20%
1800-1900 11,517 72,068 5.80%
1900-2006 128,075 200,143 64.00%

General demand and use of Gold today

Average total global gold production over the last ten years currently stands around 2,300 to 2,500 metric tonnes per annum. Currently, the three largest gold producers in the world are South Africa (24%), Australia (16%) and Canada (8%).

In terms of average total global demand, global demand has been running around 3,800 to 4,000 metric tonnes per annum of which 81% is used for jewelry, 10% for industrial and 9% as bullion (retail investment).

This higher consumption of gold compared to production has led some analysts to believe that the price of gold is set to continue to rise even further in coming years.

Why the discrepancy?

It is hard to reconcile why such massive and obvious discrepancies exist to deliberately down play the total size of the total amount of gold from 200,000+ tonnes to less than 70,000 tonnes.
One obvious reason is the maintenance of high gold prices. So long as production is less than demand and so long as the markets maintain a perception of limited reserves, traders and owners of gold can demand phenomenal prices.

A second and more difficult reason may be the existence of owners of large stores of gold, who are in such a strong financial position that they are willing to hold onto massive private gold reserves away from any accounting, for strategic, political and financial advantage.

The Russians, for example are believed to hold many tonnes of gold in private reserves, which is impossible to verify. However, when we look at official estimates, we are talking about a potential discrepancy in gold estimates of over 50,000 metric tonnes (almost $1,000 Billion) simply missing and unaccounted.

¼ of the world’s total gold doesn’t just simply disappear. Private collectors may hide a portion out of circulation, but eventually it returns in some way and can be tracked. Nor do individual dictators have the power or apparatus to perform such feats.

The gold reserves held by the Vatican and their Venetian Parasite Masters

The largest single holder of ingot/bullion gold of any organization for the past 1,000 years is and has always been the Roman Cult controlling the Catholic Church.

The Roman Catholic Church controls approximately 60,350 metric tonnes of gold, twice the size of the total official gold reserves around the world or approximately 30.2% of all the gold ever mined/produced. At current prices, it puts the asset value of the greatest treasure in human history at over US $1,245 Billion.

Roman Catholic Cult Gold Domination
Years Key Reason Acquisition Total % world
1100-1200 Eastern Crusades 9200 9300 27.7%
1200-1350 Western Civilization 12500 21800 57.0%
1351-1490 Templer Treasures 4200 26000 62.3%
1491-1600 New World 3100 29100 60.3%
1600-1800 Slave Mines 4050 33150 54.7%
1800-1900 End of Empires 6500 39650 55.0%
1900-1945 World Wars 16200 55850 53.4%
1946-2006 Organized crime 4500 60350 30.2%

At present, the Roman Catholic Church is back down to total gold domination numbers not seen since the fall of the Holy Roman Empire (around 1100) when it controlled less than 30% of total world gold.

For most of the past 1,000 years, the Catholic Church has been in a dominant position to control the world market of gold with over 50% of all gold and a high point from around the 14th Century to around 17th Century of controlling over 60% of the total gold ever mined.

The treasure has been split between various declared reserves as well as undisclosed reserves. Only 20% of total gold reserves are stored through third parties in official reserves, the largest declared reserve being the Federal Reserve Bank, followed by the reserves in Italy, Switzerland, Germany and France.

This is the treasure that once again will be used to re-gain control of the world under the “guise” of saving the world through “lawful money” in 2011/2012 unless good people can be woken up from the spell of the bankers and their gold.

Copyright © One-Evil Ab Initio. All Rights Reserved.
UCADIA Networks

Posted by Breaking The Silence at 10:03

Posted by at 12:10 PM

*MY* “Playing*with*Gold*Excercise* …

♥ My very special “Playing-with-*Gold*-Excercise” ♥


Here´s from Pete°Li°so°hir°ka today in RTS-Skype: “Just a suggestion to all that if you don’t want what you say to go anywhere then not to post it.

There are 300 people here & anyone can copy & paste it anywhere. Myself I have no problem with anything I put here going anywhere & everywhere, BEing Eternal Essence Embodied fully transparent!!

We are bringing awareness to the masses & why wouldn’t we want to share our transparency with the ONE! I LOVE YOU ALL (heart) (heart)

…to which I felt the urge to respond: “Could not have put it any better, Peterek-my-good-brother! >>TRANSPARENCY is KEY – and not just to >demand< it from Heather and all others but also to PLAY with an OPEN HAND!

That´s what we – the ONE-PEOPLE deserve and therefore >DEMAND< – would you agree to have 10bn-gold-n-silver-nugs gifted to you under the condition that you a) do no harm to any of the other LIFE “out-there” – and b) that you allow ALL THE WORLD to see what You DO and CREATE with that rep-o-value….?!” Would you accept?


I have been enVisioning my own “Playing-with*GOLD*Excercise” in the local market-square ever since Heather put that out through Pele´s kauai-blog on Jan23rd I think …. (sun) (sun) (sun) (*) (F)

Piles of Gold coins and bars and Jewlery and big-baskets of CannaBuds and caraffees of hash-oil in the middle of the old-town market-square where I regularly play my street-gig.


There are two *Jewelery-stores* on opposing corners of the market-square!!! …and a Syrian Gold-buyer just a couple houses up the street… with the milli-gram-scales and the chemistry-set to test if it´s fo-real … they will all be *GobSmacked^* fo-REAL! LoL!


While the Energies prevent those secretive with intricate intent from playing – us children of the (sun) with pure intent and in a place of Gratitude and Appreciation will play from the (heart) and (hug) and :* and (smoking) and anybody wants to take some home to play or to be creative with it – or to give it back to Earth will be able to – beYond ALL former limiting illusions… (F) (*) (music) (squirrel?)


JamieDimon has Issues (or: Meet the Idiot selling Gold!)

Across the Street

Jamie Dimon Has Issues

(or: Meet The Idiot Selling Gold)

In Open Thread on Friday, April 26, 2013 at 12:27 pm

Jamie Dimon

Somebody should explain to the blathering numbskulls at CNBS that when just one firm accounts for 99.3% of the physical gold sales at the COMEX in the last three months it’s not what most of us on this side of the rainbow would consider “broad-based” selling.  Of course discovering this kind of relevant information requires an internet connection, 2nd grade math and reading skills, and the desire to do a teeny-weeny bit of reporting.  Sadly they’ve wandered so far down the rabbit hole that the concept of “physical demand” (i.e. people actually wanting to take possession of the stuff) is puzzling to them because the vast majority of the world’s so-called “gold-trading” takes place in the realm of make believe (which is their natural habitat).  It’s all fun and games until somebody loses their metal and “somebody” has lost one hell of a lot of metal in the last 90 days.

This is the CME Group’s COMEX metals issues and stops year-to-date report, which can be found here everyday for free.  It chronicles the physical delivery notices of various metals, including gold.  Let’s have a look:

CME Gold

“I” is for “Idiot”
That’s how I remember it, anyway. “I” actually stands for “issues,” meaning the firm parted with its metal (@ 100 troy ounces a shot), and “S” stands for “stops,” meaning the firm took delivery of gold. “C” is for customer accounts, “H” is house accounts.  The first thing you should notice is that most transaction net out to zero in a given month (blue boxes), meaning the firm’s gold holdings didn’t change. What they delivered one day they got back the next, or vice versa.  The green boxes show firms who received more than they delivered and the red boxes indicate firms who coughed up gold for Bernanke bucks (aka idiots). Note that Deutsche Bank’s massive take in February more than offsets its deliveries in December and April.

Notice one more thing before we move on: Despite Goldman’s much ballyhooed “Gold Sucks!” call a few weeks ago, the squid has not parted with any yellow metal whatsoever in 2013.  Hmmm.

Now for the main event:


J P Morgan has fumbled ownership of 1,966,000 Troy ounces of gold since February 1.  That’s 74% more gold than the US mint delivered through the US mint’s American Eagle program in all of 2012.  I mention this because there’s little doubt in my mind that the US government is one of JPM’s gold “customers.”  So (if I am correct) the same US government who just let the Morgue dump its gold on the COMEX floor will once again be suspending gold sales to peasants.

Maybe Jamie Dimon figures he’ll buy back all that gold on the cheap when the rest of the world realizes how smart he is.  Or maybe he’s once again displaying that his firm doesn’t have the slightest idea what “hedging” is and is teetering on the brink of collapse.  That would explain the April 11th meeting between President Obama and the Pig 5 bank CEOs, wouldn’t it?  And you just have to get a little misty that Lloyd Blankfein was nice enough to provide some hot-air cover for his competitor, don’t you?

One thing’s very clear: When it comes to selling physical gold, J P Morgan is acting alone.  The 130 contracts NOT delivered by JPM in the last three months (of which  110 were fromABN AMRO) are but a footnote.  If Jamie’s right, he’ll look like a genius in a few months, if not he should be able to recycle his quote regarding the infamous “London Whale” losses: “Just because we’re stupid, doesn’t mean everybody else was.”  Time will tell.

100 years ago John Pierpont Morgan famously testified to Congress, “Money is gold, and nothing else.” (Note: That is the exact quote, the full testimony can be found here).  One has to wonder what the big guy would think of his legacy’s disregard for sound money, $70 Trillion derivatives book, and “House of Cards” “Fortress” balance sheet.

One more very, very important thing.
Anybody who says there’s been gold selling in the GLD is a freaking moron (Bob Pistrami, I’m looking in your direction).   The GLD works much like a coat check.  Unless you think checking your coat constitutes a real transaction of some kind you shouldn’t think of changes in the GLD’s gold holdings as sales. They’re not. When you check your gold into the GLD you get shares (like a claim check). Where it gets wierd is you can sell these claim checks to nimrods who seem to think they’ve bought your coat, but aren’t actually allowed to wear it.

What nobody seems to appreciate is that every share of GLD is allowed to be sold TWICE (long and short, and it’s really important to understand that).  If you’re foolish enough to doubt me (and foolish enough to short gold), go short GLD shares and see if anyone knocks on your door demanding gold.  Saying the GLD is 100% backed by gold is a bold face lie because they’re can be twice as many shares in play as gold backing them, which means GLD shares may be only 50% backed by gold before any rules are broken.

When GLD (or any ETF for that matter) shares sold exceed the existing shares PLUS all the shortable (double-sold) shares, legitimate shares can not be found for settlement and that must be reported to the SEC’s “Fails to Deliver” list, which is published twice a month with about a four-week delay (here).

April 15, 2013 was this biggest volume day ever for GLD (93.7mm) and I’ll guarantee you right now that record fails to deliver will be reported on or around that date, which should have required more gold to be deposited with the GLD (but that didn’t happen).  So instead of the half-assed explanation Pistrami offered (here) of how he thinks the GLD works, he should have raised the question of whether or not there were enough legitimate shares of GLD to facilitate trading (I say no way in hell).

Gold continues to be pulled from the GLD (which really means people want their coats back) and still no one’s concerned about the number doubled-owned shares.  Worse yet, the responsibility for sorting this unholy mess out falls to SEC chief Mary Jo White who is celebrating her 16th day in office.

I can’t wait to see what happens next….

Notes for Nerds:  This piece is not intended to describe the inner workings of the COMEX or GLD in detail, so don’t bust my balls with minutiae, unless it is relevant to the discussion of JPM’s massive gold sales or the double-ownership of ETF shares. Double-owned ETF shares are huge problem with ETFs in general, but the misrepresentation (by omission) of this fact by ETFs supposedly backed by tangible assets like gold and silver seems more egregious to me.  

In addition to the YTD CME Group metals report, you can track the hilarity on a day-by-day basis here.

The February 1 to April 25 delivered gold contracts info referenced included only transactions between firms.   For that reason Morgan Stanley’s 307 contracts transferred from  house account to customer account was excluded from the calculations.

Total Net gold deliveries Feb 1 to April 25:

Vision Financial – 1 contract
R J O’Brien – 2
ADM Investor Services INC – 2
Marex – 5
Citigroup Global Markets – 10
ABN AMRO – 110
JP Morgan – 19,660