Jim’s Mailbox

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Jim

If it is a barbaric relic, why is everyone having a hard time getting their (!) gold back?

Dave

‘Just Bring The Gold Back’: RBA Responds As Conspiracy Theories Swirl Around Australia’s ‘Missing’ Gold
November 21, 2018

Is Australia’s gold really being secretly melted down and sold to the Chinese?

If you’re into conspiracy theories, talk of impending global economic collapse and have a deep distrust of central banks, you may have come across this one.

It goes like this. Most people would be aware that the Reserve Bank of Australia, like all central banks around the world, holds a portion of the country’s reserve assets in gold.

What you may not know, because it was only made public in December 2012, is that 99.9 per cent of Australia’s $4.4 billion worth is actually held by the Bank of England.

Of that gold, 11 tonnes is “leased” out to earn interest — it brought in around $700,000 last year — while the other 69 tonnes is sitting in a vault in London. Or is it?

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Jim,

First the Comex could not deliver and we got exchange for physical. Now London is empty. Look for gold prices to rise.

Dave

Refusal To Hand Over Venezuelan Gold Means End Of Britain As A Financial Center – Prof. Wolff
January 30, 2019

The freezing of Venezuelan gold by the Bank of England is a signal to all countries out of step with US interests to withdraw their money, according to economist and co-founder of Democracy at Work, Professor Richard Wolff.

He told RT America that Britain and its central bank have shown themselves to be “under the thumb of the United States.”

“That is a signal to every country that has or may have difficulties with the US, [that they had] better get their money out of England and out of London because it’s not the safe place as it once was,” he said.

The Bank of England is currently withholding $1.2 billion in gold from Venezuelan President Nicolas Maduro’s government, but is being urged by Washington to release it to the chairman of the National Assembly, Juan Guaido. Last week, the US backed Guaido as the legitimate president of Venezuela, after he declared himself interim president.

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Jim,

This is the point I was making on Saturday. The American Police State does not discriminate.

Jackboots in the Morning: No One Is Spared From This American Nightmare
January 29, 2019

“This is jackboots in the morning. This is an American nightmare that they would arrest somebody like this.”—Judge Andrew Napolitano

The American Police State does not discriminate.

Whatever dangerous practices you allow the government to carry out now—whether it’s in the name of national security or protecting America’s borders or making America great again—rest assured, these same practices can and will be used against you when the government decides to set its sights on you.

We’ve been having this same debate about the perils of government overreach for the past 50-plus years, and still we don’t seem to learn, or if we learn, we learn too late.

For too long now, the American people have allowed their personal prejudices and politics to cloud their judgment and render them incapable of seeing that the treatment being doled out by the government’s lethal enforcers has remained consistent, no matter the threat.

All of the excessive, abusive tactics employed by the government today—warrantless surveillance, stop and frisk searches, SWAT team raids, roadside strip searches, asset forfeiture schemes, private prisons, indefinite detention, militarized police, etc.—will eventually be meted out on the general populace.

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