http://www.reuters.com/article/idUSL2911176020080329?sp=true
BERLIN (Reuters) - Germany's Finance Ministry said on Saturday a magazine report that the government wants the Bundesbank to sell some of its gold reserves to help ease pressure on the federal budget was untrue.
Der Spiegel magazine reported in a preview of its latest edition that Finance Ministry State Secretary Werner Gatzer had proposed selling part of the central bank's gold reserves, currently worth around 65 billion euros ($103 billion).
According to the plan, the proceeds could then be either invested to earn interest or debt could be paid off freeing up cash that would have been used to for interest payments, the magazine said, citing unidentified participants in a March 13 meeting of budget experts.
"This claim is untrue," Finance Ministry spokesman Torsten Albig said in an emailed statement.
"State Secretary Gatzer has at no time raised the issue of such a proposal. The Finance Ministry considers such a debate neither appropriate nor likely to lead to the desired results.
"The Bundesbank's gold reserves are not available to be used for budgetary purposes."
Germany is a signatory to the Central Bank Gold Agreement, under which 15 European central banks agreed to limit their sales of gold over a five-year period to 2,500 tonnes, with annual sales limited to 500 tonnes.
Bundesbank President Axel Weber said this month the bank would probably hold on to the vast bulk of its reserves in the next year of the agreement, beginning in September.
The Bundesbank is the second-largest holder of gold behind the U.S. Federal Reserve and announced in October it would sell a maximum of 8 tonnes of gold to the finance ministry to mint coins in the fourth year of the agreement.
Gold prices have more than doubled in the last five years, lifting the value of central bank reserves.
(Reporting by Iain Rogers)
Notice that the YouTube video exposing the role of the Vatican in the Ustasha massacres was taken down from YouTube. Do not be surprised, the Vatican has very, very powerful friends everywhere.
http://forums.myspace.com/t/4321115.aspx?fuseaction=forums.viewthread
German ministry denies Bundesbank gold sale report
BERLIN (Reuters) - Germany's Finance Ministry said on Saturday a magazine report that the government wants the Bundesbank to sell some of its gold reserves to help ease pressure on the federal budget was untrue.
Der Spiegel magazine reported in a preview of its latest edition that Finance Ministry State Secretary Werner Gatzer had proposed selling part of the central bank's gold reserves, currently worth around 65 billion euros ($103 billion).
According to the plan, the proceeds could then be either invested to earn interest or debt could be paid off freeing up cash that would have been used to for interest payments, the magazine said, citing unidentified participants in a March 13 meeting of budget experts.
"This claim is untrue," Finance Ministry spokesman Torsten Albig said in an emailed statement.
"State Secretary Gatzer has at no time raised the issue of such a proposal. The Finance Ministry considers such a debate neither appropriate nor likely to lead to the desired results.
"The Bundesbank's gold reserves are not available to be used for budgetary purposes."
Germany is a signatory to the Central Bank Gold Agreement, under which 15 European central banks agreed to limit their sales of gold over a five-year period to 2,500 tonnes, with annual sales limited to 500 tonnes.
Bundesbank President Axel Weber said this month the bank would probably hold on to the vast bulk of its reserves in the next year of the agreement, beginning in September.
The Bundesbank is the second-largest holder of gold behind the U.S. Federal Reserve and announced in October it would sell a maximum of 8 tonnes of gold to the finance ministry to mint coins in the fourth year of the agreement.
Gold prices have more than doubled in the last five years, lifting the value of central bank reserves.
(Reporting by Iain Rogers)
© Thomson Reuters 2008 All rights reserved
......
The Bundesbank is the world's second-largest holder of gold after the U.S. Federal Reserve, and has sold just 20 tonnes out of total reserves of over 3,000 tonnes in the past five years.
...................
UPDATE July 1, 2010: EVEN MUCH GREATER SHOCKER!
"The force" is with this story. Just as there is sudden intense interest in Israel - this post appeared on Rotter today and went viral right away- , I received an e-mail from my friend, Eric J. Phelps, author of Vatican's Assassins I, II, III.
This is what he writes:
http://israeltruthtimes.blogspot.com/2010/06/amazing-testimony-about-origin-of-islam.html
UPDATE July 1, 2010: EVEN MUCH GREATER SHOCKER!
"The force" is with this story. Just as there is sudden intense interest in Israel - this post appeared on Rotter today and went viral right away- , I received an e-mail from my friend, Eric J. Phelps, author of Vatican's Assassins I, II, III.
This is what he writes:
Sent: Wednesday, June 30, 2010 11:30 PM
Subject: Vatican Minted Euros May Contain Concentration Camp Gold
July 1, 2010 for Immediate Release
Vatican Bank Holocaust Litigation
+1 202-318-2406
Holocaust Survivors Request European Central Bank Investigate Vatican Money Laundering of Nazi Gold
Vatican Minted Euros May Contain Concentration Camp Gold
Washington: Former Yugoslavia was a vast killing ground during the Second World War when hundreds of thousands of Orthodox Christians, Jews, and Roma were murdered by the Nazis and their Croatian Allies. It has long been known that some of the loot including a significant amount gold from concentration camps ended up at the Vatican Bank deposited there by Catholic clergy acting on behalf of war criminals.
Although the Holocaust Survivors sued the Vatican Bank in US federal court, the case was recently dismissed in March 2010 on grounds of Vatican sovereign immunity from lawsuit in the United States. Alperin v. Vatican Bank, Ninth Circuit Court of Appeals, Case No. 09-17761, 08-16060.
The Vatican may have breathed a sign of relief after the long running (ten years) lawsuit seemed to finally die. However, Holocaust Survivors have now requested the European Central Bank to open an investigation of Vatican money laundering and possible use of concentration camp gold in the minting of Euro coins by the Vatican.
According to attorney Jonathan Levy who represented the Holocaust Survivors in the US courts, the Vatican in a rare departure from its usual policy agreed to place itself under the jurisdiction of the European Union in order to obtain the right to coin Euros. The agreement between the EU and the Vatican expressly contains provisions regarding prevention of money laundering further it is presumed the beleaguered European Central Bank would frown upon the possibility that concentration camp gold might be used to finance or mint Euro coins.
The Holocaust Survivors are requesting the European Central Bank investigate the allegations and that holders of Vatican Euro coins mail them back to the Vatican and request certification that concentration camp gold was not used in the minting or financing of these coins.
For more information contact:
Dr. Jonathan Levy
Attorney & Solicitor
+1-202-318-2406
Vatican Bank plaintiffs include these organizations:
This is the text of the lawsuit: worth reading.
 | ECB 7-1-10.pdf 684K View Download |
This is the book written by Jonathan Levy about the Vatican 's role in the Ustasha massacres
Now that the Vatican is finally coming into focus, thank God, for all the evil it has done, and continues to do, behind the scenes, it is becoming "permissible", I would even say fashionable, to expose the Vatican's pervasive guilt regarding the Jewish People.
Please make sure to read and watch the following posts, which will open your eyes, if they aren't open yet:
And check this one out too, if you have time
Once you are done viewing this, do a search with the label "Vatican schemes and lies". You will be amazed what pops up. Maybe after all this time ISRAEL TRUTH TIMES will finally be vindicated? For how long have I been pounding into people's consciousness that we are barking up the wrong tree, that we are not dealing with the REAL power behind the scenes.
Notice that the YouTube video exposing the role of the Vatican in the Ustasha massacres was taken down from YouTube. Do not be surprised, the Vatican has very, very powerful friends everywhere.
http://forums.myspace.com/t/4321115.aspx?fuseaction=forums.viewthread
Video-
Vatican's Holocaust: Nazi Croatia Death Camps
Part 1 (9 min, 44 sec)
Part 2 (9 min, 52 sec)
Part 3 (9 min, 59 sec)
Part 4 (9 min, 19 sec)
Part 5 (7 min, 50 sec)
Part 6 (8 min, 52 sec)
Here are a few more links about the story:
http://www.vaticanbankclaims.com/belgrade.htm
http://www.fantompowa.net/Flame/vatican_and_war_crimes_in_.htmVatican's Holocaust: Nazi Croatia Death Camps
Part 1 (9 min, 44 sec)
Part 2 (9 min, 52 sec)
Part 3 (9 min, 59 sec)
Part 4 (9 min, 19 sec)
Part 5 (7 min, 50 sec)
Part 6 (8 min, 52 sec)
Here are a few more links about the story:
http://www.vaticanbankclaims.com/belgrade.htm
WILL YOU JOIN ME IN MY FIGHT TO EXPOSE THE VATICAN'S EVILS AGAINST THE JEWISH PEOPLE, TO THIS DAY, AS WE SPEAK?
DO NOT THINK THAT THIS IS A THING OF THE PAST, THIS IS REAL, IT IS EVER PRESENT. NOT TO PAY ATTENTION TO IT IS MISSING THE BIGGEST PART OF TODAY'S EVENTS.
DO NOT THINK THAT THIS IS A THING OF THE PAST, THIS IS REAL, IT IS EVER PRESENT. NOT TO PAY ATTENTION TO IT IS MISSING THE BIGGEST PART OF TODAY'S EVENTS.
TIME FOR THE TRUTH TO SHINE.
ISRAEL HAS NO GOLD RESERVES
ReplyDeleteUpdate, from a top notch gold expert, Jim Sinclair, April 20thm 2013:
ReplyDelete"Dear CIGAs,
Has your fortune been stolen? Did it ever exist in the first place? Gold storage today is the greatest temptation in the history of the world!
There are shocking signs that gold held "in storage," "in the system," has in fact been stolen from you just as it was stolen from the Jewish survivors after the end of the Second World War. We know that there is a history of this in Europe and elsewhere that when the surviving Jewish depositors demanded their gold from banks, their request was denied because of the need to fulfill banking regulations concerning proof of ownership. Time has revealed that the truth was many of the grand mansions on the great lakes of Europe were built with the gold that was denied to the lawful relatives of those Jewish people that had died during the war.
What makes you think the modern, generally despised, considered ignorant and less than worthy as an investor Gold Bugs are looked on with different eyes by bankers in the system than the Gold Bugs of Germany, France, Poland and Austria were?
The sign that your gold does not exist and may never have existed is the same evidence that has been gathered from the rape of the surviving Jewish families of the last world war. The "in system" storage companies of banks will inform you that banking regulations first limit, then prevent you from obtaining your gold bullion held even in an allocated form. It will start as a limitation on gold withdrawal as a tool to prevent "money laundering" due to directives from their central bank concerning anti terrorism measures. If you hear that you are royally screwed. Was that not a form of what the surviving Jews were told? A bank regulation prevented them from getting their gold. It was not common shares or German marks they stored in the European banking system. It was primarily gold bullion.
A shocking trend is starting right now."
Comment to Jim Sinclair's article:
ReplyDeleteSo the great thiefs, Germany, etc. have their gold stolen? God's justice.