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Tungsten Genesis

Tungsten Genesis

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Published by zerohedge

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Published by: zerohedge on Apr 03, 2010
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The Genesis of the Gold-Tungsten: The Rest of the StoryAbstract:
Back in October, 2009 I penned an article titled, A Blight on Humanity, where Ireported that, in an Asian depository there had been found 60 metric tonnes of “Good Delivery”gold bricks that had been gutted and filled with tungsten. That article was followed up with, OnDoing God’s Work, where additional information on the fake gold bricks was presented. Thislengthy report has been written to provide the background and genesis of who was involved, whythe fake gold was produced and how it was fed into the international gold market.
Background of the London Gold Pool: Cause and Effect
According toWapedia: The
London Gold Pool
was the pooling of gold reserves by a group of eight centralbanks in the United States and seven European countries that agreed on 1 November1961 to cooperate in maintaining the Bretton Woods System of fixed-rate convertiblecurrencies and defending a gold price of US$35 per troy ounce by interventions in theLondon gold market.The central banks coordinated concerted methods of gold sales to balance spikes in themarket price of gold as determined by the London morning gold fixing while buying goldon price weaknesses. The United States provided 50% of the required gold supply forsale. The price controls were successful for six years when the system became no longerworkable because the world's supply of gold was insufficient, runs on gold, the Britishpound, and the US dollar occurred, and France decided to withdraw from the pool. Thepool collapsed in March 1968.The London Gold Pool controls were followed with an effort to suppress the gold pricewith a two-tier system of official exchange and open market transactions, but this
gold window 
closed in 1971 with the Nixon Shock, and resulted in the onset of the gold bullmarket which saw the price of gold appreciate rapidly to US$850 in 1980So the London Gold Pool was an amalgamation of 8 countries “pooling” their gold reserves sothat coordinated sales could be undertaken to defend a global gold price of US$35 per ounce.The problem with selling ANY physical asset to maintain an artificial price is preserving anadequate physical supply of the asset to continue the price fixing. The London Gold Pool failedbecause the U.S. Federal Reserve was printing too much fiat money – which informed individualswere redeeming for increasing amounts of sovereign U.S. gold bullion. In August 1971, PresidentNixon finally told the rest of the world, NO MORE GOLD BULLION FOR DOLLARS. The point totake away from this is that price-capping creates a constant drain or stress on supply of thecommodity being suppressed in price.
Observable or Believable Physical Supply Must Back Paper Promises
That issues are emerging regarding the sanctity of the global gold bullion supply should notsurprise anyone and, in fact, make intuitive sense. As the chart below supplied by the St. LouisFederal Reserve attests – a MASSIVE amount of fiat money has been printed in recent years.Using history of the London Gold Pool as our guide, we know from experience that physicalsupply of gold is MATERIALLY impacted when money is printed in excess. In this light, it makesa ton of sense that ANY deficiency or abnormality in the underlying physical stock of gold wouldbe more susceptible or likely of being discovered during such time of monetary stress.
 While it is true that derivatives commonly referred to as “futures” or “paper-gold” have beenheavily used to suppress the gold price – let it be known that physical gold bullion [or somethingthat can pass as physical gold bullion] is still required in the settlement process to make thehighly leveraged paper sales appear credible. In short, using futures to suppress prices onlywork so long as the belief exists – on the part of the prospective buyer – that their paper holdingsare convertible into the underlying physical asset. As such, observable physical inventory [likeSovereign Central Bank vaulted gold or COMEX Warehouse Stocks], or something that “canpass” for being as much is vitally required at ALL TIMES.
The Spoils of the Cold War
Because so much of our mainstream press has been “captured” and is functionally derelict – some “indy” background research giving color to one of America’s most ‘misunderstood’ politicaliconsis in order:
Hammering the USSR's Economy
In 1989 President George H. W. Bush began the multi-billion dollar Project Hammerprogram using an investment strategy to bring about the economic destruction of theSoviet Union including
the theft of the Soviet treasury, the destabilization of theruble, funding a KGB coup against Gorbachev in August 1991
and the seizure ofmajor energy and munitions industries in the Soviet Union.
Those resources wouldsubsequently be turned over to international bankers and corporations.
OnNovember 1, 2001, the second operative in the Bush regime, President George W. Bush,issued Executive Order 13233 on the basis of “national security” and concealed therecords of past presidents, especially his father’s spurious activities during 1990 and1991. Consequently, those records are no longer accessible to the public. The Russiancoup plot was discussed in June 1991 when Yeltsin visited with Bush in conjunction with
his visit to the United States. On that same visit, Yeltsin met discreetly with GeraldCorrigan, the chairman of the New York Federal Reserve.
Because of numerous Presidential Executive Orders, the ethically questionable ProjectHammer was deemed legal. Of course, even Hitler’s acts were “lawful,” as he hadmanipulated the laws to accommodate his actions. Many of Reagan’s executive orderswere actually authored by Vice President Bush or his legal associates, and it is possiblethat Project Hammer was created by Reagan’s CIA Director, William Casey, who haddirected OSS operations through Alan Dulles in Europe during World War II. Prior to hisOSS affiliation, Casey worked for the Board of Economic Warfare which allegedlytargeted “Hitler’s economic jugular.”
Allen Dulles, brother of John Foster Dulles, was the
Director of the CIA from 1953 to 1961. He was a senior partner at the Wall Street firm ofSullivan and Cromwell, which represented the Rockefeller Empire and other mammothtrusts, corporations and cartels.Project Hammer was staffed with CIA operatives and others associated with the NationalSecurity apparatus. Covert channels were already in place as a result of other illegalBush activities. Thus, it was a given (1) that the project would use secret, illegal funds forunapproved covert operations, and (2) that the American public and Congress would notbe informed about the illegal actions perpetrated in foreign countries. The first objectivewas allegedly to crush Communism, a growing political philosophy and social movementthat was initially funded by the usual group of international bankers who now supportedtheir demise. To this end, the “Vulcans,” under George H. W. Bush, waged war againstthe Soviet Union.
………………….The tungsten slugs came from Eastern Europe - most likely a former strategic stockpile, aremnant of the failed Soviet Empire – which was “acquired” as spoils of Cold War victory duringthe reign of Bush I circa 1991-92. Between 1.3 and 1.5 million 400 oz tungsten blanks wereactually produced in an Eastern European country [not the U.S. as I originally reported]. Thesetungsten blanks were shipped to Latin America [Panama] and then air-lifted on to Mena,Arkansas. From Mena, Arkansas, the tungsten blanks were shipped via truck [Brinks andPurolator] – 2 trucks at a time to a refinery in Southern California where they received their goldplating and stamping.That illicit goods would be trans-shipped through Mena, Arkansas should come as no surprise toa seasoned researcher. Understand, Ambrose Evans Pritchard stalked Clinton [Bush] and theirdrug dealing through Mena, Arkansas.This is the title of the article which had been scheduled to appear in the Washington Post back inJanuary, 1995:
The Crimes of Mena
After having cleared the legal department for all possible questions of inaccuratestatements, the article was scheduled for publication when just as the presses were setto roll, Washington Post Managing Editor Bob Kaiser (Like George Bush, a member ofthe infamous "Skull & Bones Fraternity), killed the article without explanation. Accordingto the sidebar which appeared with the Penthouse Magazine version of this story, BobKaiser refused to even meet with [reporters] Sally Denton and Roger Morris, hiding in hisoffice while his secretarymade excuses:The Crimes of Mena was an appropriate title for the suppressed piece which primarily detailedlate 1980s illegal narcotics trafficking. All of this clandestine activity is all corroborated by the lateCIA operative,Chip Tatum[murdered 2007]. The ability of Clinton / Bush to utilize Mena,Arkansas as a conduit for illegal arms and narcotics trade with impunity during the 1980s no

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