Gold is just a yellow metal that you cannot eat
There has been a lot of frenetic activity in the past week and a lot more turbulence is expected over the coming days as the death throes of the corporate so-called government of the United States continue. There is also so much fog and disinformation surrounding this event that good old fashioned analogue reporting is needed. To this end last week I talked to former World Bank lawyer Karen Hudes, Indonesian military officials, gold prospectors based in Indonesia and the Philippines plus many other primary sources to try to find out what was really happening in the battle for control of the global financial system.
The conclusion is that there are no giant treasure caves in Indonesia or the Philippines and that the so-called global collateral accounts or global debt facility is based on fraud. What is true though, is that to this day, large amounts of un-usable dollars and Euros are printed, shrink-wrapped and left in warehouses in the region as “payment” for the gold taken from the region by Western powers in the 19th and 20th centuries.
Meanwhile, at the top of this fraud based dollar and Euro system, at least two separate individuals and their factions are claiming rights to control money production.