Why Gold is a Central Issue in the Proxy NATO Russia War Being Fought in Ukraine
And why the narrative about this war has been replete with lies
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The regular Military Industrial Banking (MIB) lies about gold have become even more ridiculous than usual, especially those forwarded by the mass media. BTC maximalists have always deemed gold “worthless” , and thus BTC maximalists have always failed to understand the central role of sovereign gold reserves in all modern economic and military wars. In any war provoked and started by the MIB complex, they have always looted gold, when substantial amounts existed to be looted, because of their vulnerable state as a consequence of war. No one knows exactly what happened to Saddam’s alleged substantial amounts of gold beyond the credible assumption that US military forces loaded it onto a cargo plane for a final destination of US Central Bank vaults.
Perhaps the Germans received illegally looted Iraqi gold when they requested repatriation of their gold because US Central Bankers certainly did not return the original gold Germans vaulted with them after World War II (you may read more about this case here if you would like). During the NATO operation to assassinate Muammar Gaddafi, Western military forces also were the main culprit in the theft of Libya’s very substantial 144 tonnes of disappeared gold, and after NATO forces disposed of yet another democratically elected leader in Ukraine, the Western MIB complex looted almost all of Ukraine’s 42.3 tonnes of gold reserves once again (you may watch the YouTube video I posted back then about this theft of Ukrainian gold that was watched 30k times by clicking the link in the aforementioned sentence. I may watch it again myself because, as it was so long ago, I don’t even remember why that video garnered so many views given YouTube’s blatant shadowbanning of my channel back then).
After the illegal 2014 US government led coup that overthrew democratically elected Ukraine President Victor Yanukovych and replaced him with a US hand-picked puppet, Yatsenyuk, to turn Ukraine from a pro-Russian into an anti-Russian state, the head of Ukraine's National Bank, Valeria Hontareva, stated in an interview with Ukraine's Kharkiv TV, “Official statistics of the National Bank show that the amount of gold in the vaults drastically fell, and it is unclear where it went. At the beginning of this month, the volume of gold was about $1 billion, or 8 percent of the total gold reserves…In the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves." And this event marked the real beginning of the NATO Russia war being waged in Ukraine, as even confirmed by US Undersecretary of State Victoria Nuland. In this clip, Nuland admits that the US government spent billions of dollars in Ukraine well before the Russian invasion of Ukraine to change the “hearts and minds” of Ukrainians.
In 2014, 1% of Ukraine’s reserves would have amounted to approximately $125M of gold, or at gold’s price of $1,165 per ounce in 2014, only 3.3 tonnes. Thus, Hontareva stated that 39 tonnes of Ukraine’s gold reserves had been looted and no one had any idea of “where it went.” Perhaps, this public declaration of the US coup-driven, Western theft of Ukraine’s gold led to Hontereva’s “surprise” resignation from her role as head of the Ukraine National Bank (NBU) just a few years later, and four years before her term expired. Since 2014, Ukrainian leaders have appointed four different heads of its NBU likely due to massive outside Western interference in the appointees, a fact that exemplifies the power struggle for control of the Ukraine National Bank. Under politically stable periods, an appointed head of the Ukraine National Bank will serve a 7-year term.
Fast forward to July 2022, and Ukraine National Bank (NBU) Deputy Governor Kateryna Rozhkova announced that the NBU recently sold $12.4B of its gold reserves since 24 February of this year. However, this announcement does not reconcile with any of Ukraine’s “official” gold reserve numbers, which exposes the enormous level of mendacity that always surrounds all Central Bank reported gold data, not just for Ukraine, but likely for every major economic power in the world as well (including the US, the UK, China and Russia). According to the former statements of Valerie Hontareva, most of Ukraine’s 42.3 tonnes of gold reserves had been stolen in 2014 and only 3.3 tonnes were left after the alleged theft.
Back then, numerous reports surfaced of these 39 tonnes of gold being loaded in the middle of the night by heavily armed men in unmarked black uniforms onto a cargo plane. And back then, inquiries by GATA (Gold Anti-Trust Action committee) secretary Chris Powell to the US Federal Reserve as to whether they had taken possession of 39 tonnes of Ukrainian gold only received this stonewall of a response: "Any inquiry regarding gold accounts should be directed to the account holder. You may want to contact the National Bank of Ukraine to discuss this report." Though it was near certain that US Central Bankers knew the answers to Mr. Powell’s questions, they stonewalled his inquiry by reverting him back to the NBU, who had already announce the removal of 39 tonnes of gold from its vaults.
Let’s return to the NBU’s announcement that it had sold $12,400,000,000 of gold, all in this year. At a price of $1,850 per ounce, $12.4B of gold amounts to 208 tonnes of gold. From where did Ukraine get 208 tonnes of gold? Did the Feds sell stolen gold from Iraq and Libya to help Ukraine in the NATO Russia war? Even if the Feds were the recipients of the 39 tonnes of stolen Ukrainian gold in 2014 and decided to return all of it to Ukraine to help their war efforts against Russia, what was the source of the other 169 tonnes of gold that Ukraine recently sold? Since 2014, when the NBU announced they only had 3.3 tonnes of gold left in their vaults, they have announced minimal gold purchases since then that would only bring their gold reserves into the very low double digit tonnage amount (if Hontareva’s official statements in 2014 were accurate and truthful). Furthermore, if we look at the “official” gold data, as reported by the WGC and IMF below, the 2014 theft of almost all of Ukraine’s gold reserves, as reported by Hontareva, is not fully indicated in the below reported numbers and its most recent official gold reserve amount was listed as 27.06 tonnes at Q2 of 2022. So how could Ukraine sell more than 208 tonnes of gold while in possession of only 27 tonnes?
The fact that none of the official reports about Ukraine’s gold reserves reconcile with one another will immediately inform all those capable of exercising independent thought that they should never make any decisions about investing in gold based upon media-reported “official” gold data, as this data is a complete joke. It further should alert all of us to dismiss the analysis of all those that use ‘official” gold data as the sole basis of formulating analytical opinions well. Does the Bank of Canada really have no gold reserves at the current time? Does the US really own 8,133 tonnes of gold as reported? Personally, I remain a huge skeptic of all “officially” reported gold data.
Finally, for those that don’t believe that considerations of the vital importance of gold in the global economy do not drive MIB considerations of war, we need only remember that the MIB complex was fine with Gaddafi being the de-facto leader of Libya for over 40 years until he suggested unifying the African continent under a gold dinar and silver dirham as the de-facto pan-African currencies. Shortly after this announcement, NATO forces invaded Libya, murdered Gaddafi and sent one of the most modern, secular Muslim African nations into a dark downward economic spiral in which human slave markets and terrorist cells now openly operate. Though the mainstream media summarily dismissed any theory attributing Gaddafi’s murder to his desire to unite the African continent under gold and silver money, leaked emails from Hilary Clinton advisor Sid Blumenthal confirmed that once again the mainstream media is just a propaganda dissemination arm for the MIB complex and the above reason was a driving force behind the French driven NATO invasion of Libya and the eventual murder of Gaddafi.
Is a War on Gold the Driving Force Behind Recent Massive Western Hostility Towards Russia?
Finally, to conclude this article, note below, that in 2020, about the time Western media really started ramping up its hostility towards Russia, that Russia’s gold-reserves surpassed its US dollar reserves for the first time.
Also note below how Russia’s gold reserves have proceeded in the exact opposite direction of Ukraine’s since the US executed a coup against the Ukrainian government in disposing of Yanukovych. Despite the massive growth in Russia’s gold reserves reported below, I believe that even the “official” reserve data reported below underreports Russia’s true sovereign gold reserves.
I’ll leave it up to you to determine if there is a link between the two above charts and the Western campaign of perpetual hostility against Russia at the current time, or as the mass media tends to report, if such links are mere coincidences and conspiracies with zero basis.
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I think you present a very strong linkage that has legs. Thank you John
Another excellent article, thank you.
( never thought I would pick out a typo in your always so meticulous work but line 31 Russian "Ware" 😂 )