French President Macron is urging the G7 to sell gold to the IMF to set up a new global central bank. The Biden regime is all over this since it’s supposed to fight climate change — whatever.
The EU plans to centralize gold holdings under the European Central Bank, with the long-term intention being to use it to help prop up a new global currency, the SDR (Special Drawing Rights), which is a mix of many currencies including Gold.
The ECB needs the physical gold for the revaluation and to balance their books. In the case of Italy, the physical gold can just be wheeled out since it is deeply indebted to the ECB. There are EU member countries that are not as indebted and a pretext is required.
Zero Hedge notes:
It is well understood within Italian circles that his liquidation of Italy is well underway and Mario Draghi was put in power to effect this.”
To get the rest of the gold from EU member states, however, they are going to have to run some kind of scam. Macron let the cat out of the bag by suggesting EU member states sell their gold holdings to provide loans to Africa for Covid. The buyers of this $100 billion worth of gold will be the IMF, setting them up nicely to be the next world reserve currency issuer and the central bank for the western world, replacing the US Dollar.
Tom Luongo via Gold, Goats, ‘n Guns blog writes that this plan will likely be accomplished unless Le Pen wins election in France, but they will do whatever it takes to stop that from happening, even if it means squandering any remaining legitimacy these people have left by committing outright fraud.
Biden Regime notwithstanding, the US elite is silent on the matter, seeing it as an attempt by the European elites to isolate and behead the United States and the Federal Reserve.
[Powell at the Fed is] not going to sell or revalue one ounce of the U.S.’s gold nor give up the commercial banking sector in the U.S. because the word came down from Klaus Schwab.
That said, the central banks know they are done with the current system and need a new one. To survive they will have to disconnect money from value and work. By doing that they disconnect you from your own value in the work you do. It’s that simple. The most efficient way to do that is to sell the gold and isolate those powers unwilling to go along with their plans.
And this all ties directly back to Macron’s innocent and innocuous-sounding request for the world to come together and help out poor Africa recover post-COVID and sell their country’s only tangible measure of savings left backing their rapidly devaluing currencies, their gold.
How Woke Are You?
Russian Coast Guard Krivak III-class frigate Dzerzhinskiy
As a boy scout, I earned two 50 Miler Awards. They are a leather patch (possibly originally intended to replace the soles of shoes).
I was thinking about back when the Boy Scouts of America were actual boy scouts. Progs ruin everything.
DIA may be the least political of the US Intelligence Agencies – behind the US Geospatial Agency. I haven’t had any dealings with them for a while. There used to be a heavy nerd factor going on over there at the Pentagon. But they seemed to be earnest and people and people do get points for good intentions – when the rest of the field are scoundrels
The FBI self-styled to become an intelligence agency circa 2001. They were working on it before 9/11 but they were enabled by a hysterical Congress. They moved from law enforcement to intelligence, retaining their Justice Department affiliation. They didn’t become full Gestapo (political intelligence police/secret police) for another decade or so. The Bureau copyrighted the image of their badge so if I posted it, they could go after me for doing that. It doesn’t matter. The image above is a better one anyway.
My favorite FBI scam has to do with large rewards for cartel kingpins. They put up straw men in Latin America to provide information which is relayed, a claim is made, but the Agents skim 95% of the reward and pocket it. With rewards north of $5 million being routine, they control the flow and return from their foreign assignments wealthy. There are other scams, of course, that the Office of Professional Responsibility tends to ignore. The rewards are paid out in cash, the names of the informers are concealed – never mentioned in paperwork. It’s convenient.
Will the FBI own up to being responsible for the incursion into the US Capitol Building on January 6? Who but the FBI? — don’t hold your breath.