In my book, Light In A Dark Place, I quote from EP Heidner's Collateral Damage which confirms what Professor Fekete had surmised-but Barrick wasn't laundering gold to complete a gold acquisition program as believed by Professor Fekete - Barrick was, in fact, laundering China's stolen gold to bring it into the international banking system.
US Intelligence operations had been siphoning off the gold [China's stolen gold] for three decades. However in 1986 Vice President George Bush took over the gold from Marcos and the gold was removed to a series of banks, notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker's Trust, and held in a depository in Kloten, Switzerland.
In 1992, George Bush[former Director of the CIA] served on the Advisory Board of Barrick Gold. The Barrick operation would create billions of dollars of paper gold by creating 'gold derivatives' É[and] would become an investment for nearly every gold bullion bank associated with the Marcos gold recovery [China's stolen gold]. These banks would loan gold to Barrick, which would then sell the borrowed gold as derivatives, with the promise of replacing the borrowed gold with their gold mining operation.
Barrick, which has no mining operations in Europe, used two refineries in Switzerland: MKS Finance S.A. and Argor-Heraeus S.A. - both on the Italian border near Milan, a few hours away from the gold depository in ZurichÉThe question that Barrick and other banks needed to avoid answering is: what gold was Barrick refining in Switzerland, as they have no mines in that region?
Barrick would become a quiet gold-producing partner for a number of major banks, and its activities became subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed.-p. 11, Collateral Damage: US Covert Operations and the Terrorist Attacks on September 11, 2001, EP Heidner (2008)
CONJECTURE, CONJURING AND CONFIDENCE GAMES
The drop in the price of gold has ignited a frenzy of gold-buying around the world. It is my belief that the gold being sold is not China's stolen gold, but gold purloined from the central banks of countries still vulnerable to the considerable pressure of Western central banks.
In 2012, India's central bank, the Royal Bank of India, received a High Court notice to explain gold deposits currently with the Bank of England and the Bank of International Settlements in Basel, Switzerland. India's central bank is required by law to keep 85% of its gold reserves in India yet 47% of India's gold is deposited with the Bank of England and the Bank of International Settlements, read here.
It is likely that India's gold has been leased by the Bank of England in order to suppress the price of gold. India is a former crown colony and its imperial shackles have not yet been completely removed.
The international monetary system based on credit and debt is, in truth, a confidence game in which gold was once a critical component. But when ties between paper money and gold were severed in 1971, confidence in the bankers' paper money began to falter; and, today we are witness to what happens when confidence in a global confidence game begins to evaporate.
In my current youtube video, The Economic Crisis: Then and Now, I discuss the on-going economic collapse. It isn't over yet. When it is, then and only then, will we be free of the bankers' dream of eternal debt.