Jim’s Mailbox

Posted at 12:33 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Sorry Folks. Park’s closed!

 

 

 

 

 

 

 

 

Venezuela want its gold back, currently stored in the BOE vaults, and Great Britain says “NO”.

If this doesn’t send red flags throughout the international central banking community, I don’t know what will!

“The very fact that Great Britain asked Venezuela “what do you need your gold for?” is preposterous.

With the penalties in place, it’s impossible to sell the gold straight from the Bank of England.

Adding fuel to the fire, now this:

Germany, the second biggest holders of gold in the world after the US with 3,378 tons, finished repatriating 300 tons from the US last year. It had taken the United States several years to do it! It was reported that the gold bars received by Bundesbank had different labels to make one think that US might have replaced the German bullion with different gold bars bought from the market. It means the gold was not in place when the Germany’s request for return was made. Perhaps, the UK is not able to comply with Venezuela’s request for the same reason – the gold is not in vaults and London needs time to purchase it.

Today it’s Venezuela; tomorrow it could be any other holder on the list of more than 30 nations keeping gold reserves in BOE vaults.”

CIGA Wolfgang Rech

UK Blatantly Violates Norms of Decent Behavior
November 10, 2018

Russia and Venezuela are among the countries the EU, including Great Britain, has imposed sanctions on. Both nations have been targets of London’s vigorous attacks, being blamed for numerous nefarious things they have allegedly done. The UK insists that everyone play by the rules. Meanwhile, London is making mockery of commonly accepted norms in the international relations.

The government of Venezuela is seeking to eventually repatriate at least 14 tons of gold held at the Bank of England (BOE). It has recently asked to release the gold bars worth about £420 million or $550 million. This is the right and timely move as the new round of punitive measures recently imposed on Caracas by Washington showed. The Bank has refused to do so!

UK officials have reportedly insisted that Venezuela clarify its intentions for the gold. Venezuelan President Maduro is suspected by London of harboring plans to sell the national treasure for personal gains. There is also a subterfuge used to explain why the Venezuelan property has not been returned to the owner. The UK says it’s very hard to obtain insurance for the shipment to move the large cargo. Even if Venezuela gets the gold back, it’ll be a large order to use it for raising hard currency because of the new round of US sanctions announced on Nov.1. With the penalties in place, it’s impossible to sell the gold straight from the Bank of England.

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Courtesy of JB.

Jim

 

 

 

 

 

 

 

 

 

 

Tomorrow is the day.

JB

Judicial Watch: Federal Court Hearing to Compel Testimony from Hillary Clinton and Make Video Depositions Public
November 13, 2018
‘The public and the media have a right to a full accounting from top officials of the Clinton State Department’ – Judicial Watch President Tom Fitton.

(Washington, DC) –Judicial Watch announced today that a hearing will be held in federal court Wednesday, November 14, 2018, on a motion to compel further testimony from former Secretary of State Hillary Clinton and Director of Information Resource Management of the Executive Secretariat John Bentel, as well as make public the audiovisual recordings of the depositions of top Clinton aides and State Department officials, including Huma Abedin and Cheryl Mills.

Clinton claimed that she “does not recall” 20 times in her under-oath responses to 25 Judicial Watch questions concerning her Clinton.com, non-state.gov email system. Bentel asserted his Fifth Amendment right and refused to answer 87 questions at his deposition.

The hearing is before U.S. District Court Judge Emmet G. Sullivan.

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