US Gold and the Deep State

Video linked here on the rising gold market is a condensed version, and not perfect — ignores introduction of Basel 3 rules for central bank asset accounting — but seems a reasonable summation of what’s happening in gold.

Andrew Maguire, Alasdair Macleod, Peter Schiff and many other commentators have warned for years about the US gold futures market potential to break the CME via the LBMA/ Bank of England EFP (Exchange for Physical) scheme that would pressure the CME and the paper-for-gold EFP scam.

Weekly charts made public for LBMA registered v allocated / unallocated gold reserves were suspended years ago, but the current chart would probably show near zero.

As Moss says in the video, Russia and China know about this threat to the Comex/CME. And when the US has made enemies of both via weaponization of the dollar, there is an obvious conclusion: “People who live in glass houses should not throw stones.”

Will the CME fail? Probably not. Will the LBMA crack? Maybe. And if so, that will be a result all monetary realists have dreamed of and relished for many years: breaking the Rothschild bank.

The danger – at least to Ruling Elites – is that the LBMA will fail and must halt EFP trades and hypothecate for cash. That means all EFP gold trades must be settled for cash via the CME… a lot of cash. Cash that the Rothschild bank might not have. If so, that could cause a run on the Primary Dealer banks, who happen to be so-called bullion banks.

Sure, it’s a far-fetched scenario. But since the western financial system has been governed by lunatics since 1964, not impossible.

Recently, Warren Buffett sold a very large percentage of his fund’s bank stocks, including Bank of America and JP Morgan (but not all). Ironically Buffet has been putting that realized cash into short-term treasuries, thus keeping the US banking system afloat and liquid, even if it’s not solvent.

On top of that, rumors are heavy that the pulsating radioactive core at the heart of US financial duplicity and corruption – namely the Fed-Treasury’s gamed physical gold reserves – are to be examined and audited. And that prospect frightens the Detritus-Who-Rule in the west more than anything..

Treasury Secretary Bessent says the gold is accounted for and audited regularly, but that’s only a half-truth. In New York and all US-managed gold vaults, the bars are counted frequently, but the gold is not assayed or checked by serial number as to ownership status and allocation, or verified delivery status.

So, the question is: whose gold is in the vaults? The answer is probably more fantastic than the existence of my 198 year old super-great grandfather receiving social security payments. Because the US holds gold for other countries, and trades it via the ESF (established 1934).  And that’s a big risk for those countries, because gold swaps and carry trades with foreign gold are leveraged as collateral via the US government’s ESF.  Those carry trades can be for weapons deals, black ops loans, and covert governmental operations — and all things governmentally nefarious. (yes, really)

For example at least 1/3rd of the Ukraine’s gold reserves were collateralized in 2016 on behalf of an IMF loan for $16Bn US loan received by the Ukraine, where the Ukraine gold is stored in New York. The US also has $39Bn in Afghanistan’s gold dating from 1939..! And when Germany asked for its gold back from New York vaults, it took the very crooked Federal Reserve — on behalf of the US Treasury — fully five years to deliver Germany’s gold back to Germany. The US also holds Syria’s gold reserves, and Iraq’s.

Or does it? No one really knows for sure, except perhaps the ESF board.  Just as no one can trust the US federal government, and certainly cannot trust the Federal Reserve or Treasury — and that’s the bit Bessent is missing.

Steve Brown