It is purported that Napoleon once said of China "Let her sleep, for when she wakes, she will shake the world" as if aware of a destiny yet written. Raymond Wheeler was one of the pre-eminent researchers in the area of cycles. He amassed volumes of historical data from cycles of war, civilizations, business cycles and weather going back over 2500 years. Based on his records, he discovered a cycle where every 510 years there is an alternating shift of power between east and west. There seems to be no dearth of similar predictions in the annals of metaphysical literature. However, if reading tea leaves or interpreting a pile of bones on the ground isn't your cup of tea, evidence of such a future seems to be presenting itself in the financial and geopolitical affairs of today.
Unless you are Woody Allen and have just been revived out of cryostasis, you are now aware of an extraordinary series of events that are now occurring in our financial system, namely, the drainage of gold from western vaults. Call it money, call it a tier 1 asset or call it play-doh, it is the one commodity that has withstood the vicissitudes of the contingent world and has cyclically been the bedrock of financial systems until it wasn't. Even when governments have shrugged it off as playing an insignificant role in the financial affairs of men and nations, it has been like Sleeping Beauty who is doomed to sleep for a hundred years, only to be awakened by a handsome prince and heir to the throne.
COMEX STILL DRAINING
For those of you who do not access to the Vault and the detailed analysis that Turd has been providing, here is a good article detailing the drain of gold out of the comex to a new low of 767,232 gold ounces .
There is also a nice chart detailing the monthly draw-downs of inventory.
On Friday, KWN broadcasted this interview with Keith Barron, an exploration geologist and mining consultant, on the flow of gold moving from west to east confirming from his sources that there has been a huge influx of gold into China being drained out Western Central banks and the COMEX. Of course, this also aligns with everything the Turd has been publishing over the last week.
Western central banks claim that there is a lot of physical gold available for purchase. That is pure propaganda and a lie. I now have reason to believe that Asian central banks are requesting that their gold, some of which has been stored in the West, be sent to Asia. This is what is causing the short covering rally in gold. The Asians know the Western gold system is very close to collapse and they want the physical gold in their possession.
The repatriation meme continues first with Germany requesting it's 300 metric tons of gold to be returned to them, and now reports of western vaults being depleted by requests of Asian Central Banks. However, unlike the highly publicized request by Germany, China doesn't like to telegraph it's Central banks activities with gold.
If that is not enough of revelation for you, there is more speculative fervor of what actually all this means. Shortly, after the KWN interview, the guy in the black hat that speculates on nefarious plots by the Anglo elite, Joseph Farrell, blogged about the KWN report which has already been posted on one of the threads but I'd like to highlight two significant points that he is speculating on that haven't been covered in other places.
1. "Thus, while the move to gold by Asia in general may represent a loss of confidence in the western system, I suggest that the reasons for that loss of confidence are somewhat different: some alternative basis is needed for the BRICSA coalition’s financial plans until it can emplace its own independent international clearing mechanisms with similar electronic capability to the West, and that is gold" and "an acknowledgement that the BRICS nations lag behind the West in electronic financial clearing and intelligence gathering capability, and that the move to more analogue and less digital bases of transaction were, perhaps, a reflection of this circumstance"
And the next one is a doozy
2. "As I indicated a few days ago, there are indicators that a number of analysts are beginning to entertain the notion of a real factional-infighting war going on within the western world, not only between the traditional rivals and sometimes “uneasy allies,” the Rockefeller and Rothschild financial interests, there are indicators also of prime banks abandoning their traditional alignments with one or another of those dynasties, as there are also growing indicators of a “third force” on the scene, not BRICS, and not either of those two dynasties… a third force represented by the intelligence communities and their now self-evident surveillance and hacking capabilities"
Let's summarize. The Asian return of gold is China's response to the US intelligence agencies vast computer systems which is somehow involved in day to day manipulations of the metals and the move represents some sort of internal fiction among rivaling interests within the US Governments and I'm not referring to the daily bi-partisan bickering between democrats and republicans.
Now, I'm not endorsing these theories but merely putting them out there for discussion for I know some of you have your own very well thought idea's of what is really happening. I have no inside sources to lend any credence to such theories other than the internal factions seems to be a meme that continues to come up both within the ranks of members of Turdville, and the alternative media including Catherine Fitts Austin.
As you chew on all of that, I have one more thing for your Sunday night reading and consideration.
This paper is from The Official Monetary and Financial Institution addressing the IMF. It's titled "Gold, the renminbi and the multi-currency reserve system"
"As China weighs up its options for joining in the reserve asset game, gold-the official asset that plays no formal part in the monetary system, yet has never really gone away-is poised, once again, to play a pivotal role. Many dismiss gold as a relic of the past or as an inadequate hedge against inflation. But from an asset management point of view, as well as on the basis of political analysis, gold has alot going for it; it correlates negatively with the greenback, and no other reserve asset seems safe from the coming dollar shock. "
"If the spectre of collapse continues to haunt the main reserve assets, and on the expectation that the renminbi will take time to get into its stride, the world will rush to safe haven.s Gold may be the only one with the requisite size, cloud and dare I say it history to help ward off the straing that will beset the world monetary system. It would be wise to draw up contingency plans for such eventualities."
And Let me briefly summarize some of the other contents.
The dollar is toast. The new multi-reserve currency or SDR will be comprised of various currencies including the renminbi which will be backed by gold as well as the new reserve currency. However, gold will not be reedemable. In my way of thinking, if you won't give me gold for the piece of paper I have in hand. That's not much of a gold standard. It also speaks to shifting of gold in central banks reserves as we are witnessing taking place in front of our very eyes.
Last one, I promise. This article was published last year published by Forbes. Admittedly, not a very reliable source of information. But in light of our previous discussion of gold money or not? I thought I'd bring it to your attention. SIGNS OF GOLD STANDARD EMERGING FROM GERMANY
Gold is not really a commodity at all. While it is included in the commodities basket it is in fact a medium of exchange and one that is officially recognised (if not publicly used as such). We see gold as an officially recognised form of money for one primary reason: it is widely held by most of the world’’s larger central banks as a component of reserves. We would go further however, and argue that gold could be characterised as ‘‘good’’ money as opposed to ‘bad’ money which would be represented by many of today’s fiat currencies.
The conclusion from our overview of gold functionality is that the key difference betweengoodand bad money is scarcity (imposed supply discipline could be another way of describing this). Fiat currencies can be scarce but this scarcity may change on a whim which may both impact its tenure as currency and/or relegate it to being characterized as bad money. Gold is truly scarce, having a concentration of around 3 parts per billion in the Earth’s crust.orldwide
That's it for now as the markets are opening in Asia!