Posted on 11/18/2009 2:21:29 PM PST by blam
Zinc Dimes, Counterfeit Tungsten Gold And Lost Interest
Commodities / Gold & Silver 2009
Nov 18, 2009 - 11:40 AM
By: Jim_Willie_CB
In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago.
Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia.
He is the hero icon worshipped by Wall Street. The irony is thick, that his career was spent following Old Europe orders that delivered the slow motion coup de grace to the American Empire.
Ayn Rand wrote "If you want to know when a society is set to vanish, watch the money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence. Destroyers seize gold and leave to its owner a counterfeit pile of papers."
The Chinese are learning this lesson the hard way, challenged to convert their USTreasury Bonds and USAgency Mortgage Bonds into true wealth before the paper becomes worthless and untradable.
Actually, the bonds will eventually be redeemed by the USFed with newly printed money, when an avalanche occurs of foreigners seeking redemption en masse.
For almost ten years they have been exchanging their finished products to the US & West for paper with ink on it, a veritable counterfeit pile of papers. The Chinese are cashing in on their paper, trading it for new global power.
NEW TUNGSTEN MINE DISCOVERY
The tungsten deposits come in very high grade ore, located in shallow rectangular deposits dispersed widely across the world, segregated in unusual vault heap leach mineralizations.
Yes, these guys are leeches! In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating.
This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago. History repeats itself. The parallels to mortgage bond fraud with either subprime borrowers or multiple property titles used in bond securitization is easy to spot.
A consistent theme runs through the American management of finance and dissemination of fraudulent assets on a global basis. Tungsten gold bars is a feat difficult to surpass. Credit must be given for not leaving any potential for fraud untapped.
The Goldman Sachs front running of NYSE trades with their Unix box is just icing on the cake. Fortunately for them, the FBI hustled the whistle blower off and painted him as a Russian marauder of criminal type.
Actually, the front running flash trade device is more like icing on the cake whose main body is the naked shorting of bank stocks done by Wall Street firms, whose protector in the USDept Treasury ordered a halt in the practice after they had finished shorting and needed help from the market in covering. Thus the Banned Bank Short List.
What a complete comedy of corruption the US financial assets have become. So word comes of tungsten permeating the banking system. It appears the syndicate might be opening the floodgates for the bankers of the world to begin an attempt to corner the light bulb market!!
[snip]
>> Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia. <<
Almost makes it sound like Ayn Rand is the Villain here, giving justification to Alan Greenspan’s folleys....
Should read:
Ayn Rand’s philosophy warns about and exposes the kinds of economic sins committed by Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia.
Or am I totally off base here?
Well looks like maybe the 400oz Gold Plated Tungsten bars story is catching some legs.
I wonder what it would take to get a court ordered inspection of the Gold in Fort Knox to see if the story that there are 16 tons or so of Tungsten sitting in the vaults is true?
If it is true, the taxpayers might have to build a new prison just to hold all the people it would have taken to pull that off.
It has been mentioned in a previous article that most of the gold bars at Fort Knox were replaced with the tungsten filled gold-plated bars, as well as them being traded to other countries on the world exchanges.
I’ve read some info about the gold plated Tungsten bars sold on the market. Won’t that be interesting if someone proved it? Hello?
Whatever else, Greenspan did not destroy the economy. He was in charge of the Reserve but other folks with authority (and guns to back it) taxed and spent the money and made encouraged the decisions to ship industries overseas to avoid excessive tax burdens.
Except that they aren't Zinc, they're copper/nickel alloy. Pennies are mostly Zinc, though.
I e-mailed Rob Kirby today this is his site
http://www.financialsense.com/fsu/editorials/kirby/2009/1009.html
because I read an article that supposedly refutes the tungsten claim and he sent me back this response.
Reply
Rob Kirby to me
show details 10:46 AM (5 hours ago)
Someone else asked me the same question yesterday. This was my response:
It would appear that Adrian Ash has read and taken great stock of the moron - Jon Nadler’s smear job of me. I wrote a number of articles about this as I gathered more information. The first one I wrote cited gold trades [which I mistakenly assumed were done in NY – COMEX – which would have been futures]. I subsequently learned that the trades were actually “put on” in London [making them forwards] and the beneficial owners stood for ALLOCATED delivery instead of POOLED delivery – which is what caused all the problems for the criminals who sold what they did not have.
For Adrian Ash to suggest I have not dealt with and explained this adequately – I really have nothing else to say except I pity him and I’m glad I’m not wearing his shoes. I stand by what I’ve written and this issue is not going away – in fact, it is getting bigger and uglier by the day.
Best,
Rob Kirby
There should be more coming on this in the VERY near future. I don’t think Adrian Ash or the folks at Bullion Vault are going to like it.
A LOT folks bet that they could spend money faster than they could earn it and still keep good credit. Compound that with an open-border policy coupled to a growing a welfare-state. In an honest state and economy, none of that will fly.
along with the stupid penny. The $4.99 and $6.99 and $1999.99...Duh...Like I think we figured it out!!
Texas Instruments supplies the metal for those coins.
There is a thread here on fr about it. Use bob152 as the keyword for a search.
Reading the headline of this post, you might wonder why it is newsworthy that a nickel is worth a nickel. The answer is that around this time last year, a nickel was worth almost a dime! I'm talking about the melt value of the U.S. nickel coin, which is actually made out of 75% copper (and 25% nickel.)
[snip]
Thanks for that.
Sure :)
I didn’t know this was discussed on CNBC did any of you?
There just isn’t enough gold in the world to actually use it as currency. The economy is bigger than that, and that’s a good thing. It helps no one to limit the total size of the economy to the amount of shiny yellow metal we can dig out of the ground.
I could swear I read an article about this last week, but in it, a timeline was established for when this was likely done (if in fact it was).
Should come as no surprise that the years cited were during the Clinton administration, when Summers and Rubin were around.
meh
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