Kaye: “Global hegemony (leadership or dominance) is changing in a way that
most people don’t fully comprehend. This area of the world, the Asia-Pacific,
China in particular, is positioning itself to be the leading global power as we
look out over the next five to ten years.
My sources tell me that contrary to
the public numbers that are available, China has anywhere between 4,000 to
possibly 8,000 tons of (physical) gold....
“They are not only the world’s
largest producer of gold, but they are the largest importer of gold in the
world.
This is an ongoing process for
China. This is a strategic initiative. So China is massively accumulating the
gold that is being extricated from the West at a very rapid pace. The dynamics
here are very geopolitical, and the Far-East is being elevated by this.
In the ‘New World Order,’ which
will ensue when this raid ends, China’s position, Russia’s position, Brazil’s
position, will be greatly enhanced. The position of the United States, as well
as Europe and the UK, will be greatly reduced. Those are the major
consequences.
Eric King: “Bill, you say China has over 4,000 tons
of gold already, possibly as high as 8,000 tons. Where do you see them heading
in terms of their overall ownership of gold?”
Kaye: “Well, they’re not done
yet. Gold has been leased out, and we do know this (takes place) because it’s
been admitted to by the major central banks. The Fed has admitted it, the
European Central Bank has admitted it, the Bank of England has admitted it.
They’ve all admitted that they engage in wholesale leasing of gold to the
market.
In practice how that (leasing)
works is the Fed would contact their agent, typically JP Morgan, sometimes
Goldman Sachs, and they would say, ‘OK, the gold price needs to be capped, so
here is 20, 30, 40, 50 tons (of gold) that we’re going to lease out to you as
our agent. But in theory we can call it back.’
That’s a great theory, but in
reality it’s nonsense because once JP Morgan and Goldman Sachs get the gold they
sell it into the market. So these bullion banks then become net-short gold.
And the Fed says, ‘Well, we still have a contract where in theory we can claim
the gold. So we’re going to report that we still own it in the official
documents.’
But in reality the gold has been
sold into the market. That gold winds up in places like Beijing. But before it
gets to Beijing it frequently goes through Hong Kong. And when it goes to Hong
Kong, it goes to our refiner, the same people we use. And by the way, Eric, we
may own some of the gold that Germany thinks that they own. But Germany will
never see that gold because it’s safely stored in my account (and) for our
investors at the Hong Kong International Airport.
Regarding that gold, which could
have had the symbol of the Bundesbank on it when it arrived in Hong Kong, a
leading refiner, one of the biggest in the world that deals with the People’s
Bank of China (PBOC), certified that, ‘Yes, we’ve got gold available that we can
deliver. We’ve melted it down, we’ve tested it. It may have had the Bundesbank
symbol on it when it arrived, but now it’s melted down .9999 (fine) gold.’
That’s how it works in practice.
So the Fed gold, that Americans think is theirs, is gone. The gold that the
Germans have been told they will get back in 7 years, they’ll never get back
because it doesn’t exist anymore (at the Fed). I own it. The People’s Bank of
China owns it. The Reserve Bank of India owns it. The central bank of Russia
owns it. But the people of Germany (and America) don’t own it.”
Eric King: “So they (the refiner) have admitted then
that the Bundesbank gold, they get those bars in and they just melt them
down?”
Kaye: “What they’ve done is
confirmed that everything I’ve told you is correct. They get gold (bars) from
all over the place, including major central banks, including the symbol of the
central bank on them, and they melt them down.”
Eric King: “But they’ve confirmed the Western
central bank gold is where it comes from in many cases?”
Kaye:
“Reading between the lines,
and you don’t have to read too much between the lines, it’s all a farce. The
gold is gone. It’s been hypothecated and rehypothecated. It’s gone. Not only
do the Fed and the U.S. Treasury not own 8,000+ tons, they probably own
nothing.”
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