Banks Are Restocking Gold At Fastest Pace In Years

by Tyler Durden

Sunday, Mar 20, 2022 - 05:30 PM

Banks are in the process of restocking gold at a pace not seen in years.

This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.

Registered = Warrant assigned and can be used for Comex delivery, Eligible = No warrant attached – owner has not made it available for delivery.

CURRENT TRENDS

Gold

In a recent article, I speculated that the big players might be prepared to let the price of gold run. Part of this will mean increased delivery volume in April after a very strong March. The Comex vaults have been steadily depleted over the last several months, however, 1.6M ounces of gold just showed up since March 1 as shown below. This is the largest inflow since October 2020 and we are only halfway through March!

Figure: 1 Recent Monthly Stock Change

This may be simply a restock of the metal lost in Jan and Feb. It’s also possible this is being used to support the massive delivery volume being seen in the historically quiet month of March. But a third possibility is that the banks are preparing for massive delivery volume in April.

After all, as shown below, this metal has just shown up in the last three days and is primarily in Eligible. Most of it is not yet available for delivery, but it can be moved over instantaneously if the owner so wishes.

Figure: 2 Recent Monthly Stock Change

Silver

Silver continues to show a different trend than gold. It’s as if the big players are fully focused on gold for the moment. Nearly 3.9M ounces left Comex vaults in just the past few days.

Figure: 3 Recent Monthly Stock Change

Looking at the detailed report shows the mechanics. Metal that was listed as Eligible was being moved to Registered to satisfy the extremely strong delivery demand being seen in March. Unlike gold, this metal has not been restocked and continues to leave Comex vaults. In aggregate, the Eligible category has lost 17.7M ounces over the last month!

Figure: 4 Recent Monthly Stock Change

The table below summarizes the movement activity over several time periods.

Gold

• Gold has reversed a 50% of the 12-month movement of metal out of the vault in a matter of days

  • Eligible has increased 7.2% in a single week

• In total, Registered could support 192k contracts standing for delivery. This is 3.5 times larger than the biggest month on record (June 2020 at 55k contracts)

  • The data shows the banks well capitalized to handle higher delivery volume

  • It should be noted that most of this is probably still from the London vaults that came to New York in the depths of the April 2020 liquidity crisis

Rhetorical questions: Why are the banks bolstering gold reserves if they appear so well-capitalized? How much metal is actually there ready for delivery? If it’s the full 19.2M then why a sudden flood of new metal? Whether it’s restocking March or preparation for April, there should be enough metal to satisfy demand. Right?

Silver

• Silver has seen stock deplete by 29M ounces over the last year or 7.8%.

  • This has been concentrated entirely in Registered but the last month has seen a major trend change with Eligible seeing the largest outflows

  • The last month outflows from eligible undid 85% of the inflows over the last year

Figure: 5 Stock Change Summary

The next table shows the activity by bank/Holder. It details the numbers above to see the movement specific to vaults.

Gold

• Almost every vault is now adding to inventory which is a complete reversal from last month

  • JP Morgan and Manfra are leading the way with increases of 7.1% and 15.2% over the last month respectively

  • JP Morgan now has positive flows over the last year. Again, the net gain of JP Morgan inventory over the last year has been added in the last week

Why is every vault adding metal all of a sudden? Why is JP Morgan aggressively restocking its inventory? What are the banks preparing for?

Silver

• Over the last month, only Delaware Depository has positive inflows while 6 vaults have seen significant outflows

  • CNT has lost 8.2% of its inventory in a single month!

Figure: 6 Stock Change Detail

As postulated in the margin analysis, all eyes seem to be on gold. The banks are clearly preparing for a large delivery volume. The current open interest positioning, combined with the lack of increase in margin rates suggests this could be allowed to happen right now. Add the current inventory increase as more evidence.

Silver continues to be the forgotten metal. This isn’t entirely surprising though. Gold is the true historical currency of the world. Central banks own hordes of gold (Russia wishes they had more). If the market were to start moving in a big way, it’s going to happen in gold first.

The question now becomes: why is this being allowed to happen? None of the powers that be want a surging gold price. It calls into question the entire fiat system. My running theory is that the banks pick their times when to fight it and when to ride it. Right now, the momentum is strong and they appear to be preparing to ride the wave. Prices declined this week, but there is clearly a bullish trend afoot.

Be cautious though, there are levers in place (e.g., margin and short selling) that can cause the market to turn on a dime. Expect these levers to be used when they can exact the most impact (e.g., speculation reaches a fever pitch). This was on display on March 9 when margin requirements were raised at the same time gold fell by $80.

Perhaps now is not the time to strike, but no question that time will come. The question is, how soon. The data hints at late summer (after the June contract), but an opportunity could present itself much sooner given the market volatility. Gold prices have been under pressure all week.

Historical Perspective

Zooming out and looking at the inventory for gold and silver since 2016 shows the impact that Covid had on the Comex vaults. Gold had almost nothing in the Registered category before JP Morgan and Brinks added their London inventory with nearly 20M ounces.

The gold inventory peeked in February of last year and has been steadily falling ever since aside from brief increases that don’t seem to last. Will the current increase follow the same fate (see spike on far right)?

Figure: 7 Historical Eligible and Registered

Silver also saw an increase in Registered around March 2020 but has been draining, albeit more slowly than gold.

The recent uptick in Registered as a % of the total (far right spike in the black bar) is due to the recent flip of Eligible to Registered noted above.

Figure: 8 Historical Eligible and Registered

Available supply for potential demand

As can be seen in the chart below, the ratio of open interest to total stock has fallen from over 8 to 1.5. In terms of Registered (available for delivery against open interest), the ratio collapsed from nose bleed levels (think Nov 2019 where 100% stood for delivery) down to 3.26 in the latest month. This is due to the recent surge in open interest.

On March 7, the ratio hit 3.41. This was the highest since September 2020. The current restocking has helped bring this ratio down along with open interest falling some.

Figure: 9 Open Interest/Stock Ratio

Coverage in silver is weaker than in gold with 8.4 open interest contracts to each available physical supply of Registered (down from 9.8 on March 8). This is near the highs from June 2020. The current dip can be entirely attributed to open interest falling from 168k on March 8 to 157k today. This drop-in open interest occurred without margin rates going up at all.

Figure: 10 Open Interest/Stock Ratio

Wrapping Up

The Comex gold market has been flashing warning signs since early January. This continues to be the case. The latest influx of metal further supports the notion that banks are preparing for higher delivery volume and potentially higher prices. That being said, with over 12 years of experience watching this market, nothing is ever easy or simple. The bullish setup is there, but something tells me this game has a few more twists ahead. Let’s see how the data unfolds.

HSBC announced 35,000 layoffs and structural reform

HSBC Holdings PLC announces it will divest assets valued at 100,000 million dollars, will reduce its investment banking and reformulate their business in the United States and Europe.

Sea February 18, 2020 9:14 a.m.

HSBC will merge its wealth management business and private banking. (Brendan McDermid / Reuters)

Reuters

@ExpansionMx

HSBC Holdings PLC said Tuesday it will divest assets valued at 100,000 million dollars, will reduce its investment banking and reformulate their business in the United States and Europe, a drastic reform will mean 35,000 layoffs within three years.

Learn more

The bank, which has had more difficulty keeping pace with rivals more focused and smaller, wants to be more competitive while dealing with slower growth in its main markets, coronavirus, Brexit and interest rates lower.

HSBC said it will merge its asset management business and private banking operations will reduce stocks in Europe and reduce retail branches in the US to remove 4,500 million in costs.

"All of this suggests that our program go payroll of 235,000 to a number closer to 200,000 in the next three years," he told Reuters Noel Quinn, interim CEO.

British lender, whose huge Asian operations operate based in Hong Kong, said the coronavirus epidemic had significantly impacted staff and customers.

In the long term could reduce revenue and cause a rise in bad loans by cuts in supply chains, he added.

Europe's largest bank by assets, which generates the bulk of its revenues in Asia, said pretax profit plunged a third, to 13,350 million in 2019. The forecast average was 20,030 million dollars calculated by brokerages and compiled by HSBC.

The collapse was due to depreciation of $ 7,300 million related to its business units and commercial banking and global banking markets in Europe.

Original source 

BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9TH 2015

DAVID CRAYFORD --------- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9TH 2015 ----------------
By DAVID CRAYFORD
Sep 3, 2019 - 1:51:24 AM


DAVID CRAYFORD --------- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9^TH2015 ----------------

----------------- BUT THEY IGNORED IT, AND DID ABSOLUTELY NOTHING ABOUT IT. NOW IT HAS CAUGHT UP WITH THEM AND SOME ARE ON QUITE A LOSING STREAK ---------------


I refer to a recent article in the New York Post, dated August 28^th 2019, url: https://www.rumormillnews.com/cgi-bin/forum.cgi?read=130416

Gold bars stamped with fake logos of major refineries have been circulated into the global market and landed in the vaults of JPMorgan Chase & Co. - part of a plot to launder smuggled or illegal specimens of the precious metal, according to a report.
Bars worth at least $50 million stamped with the logos of Swiss refineries that did not produce them have been identified by all four of the country's top gold refiners in the last three years, Reuters reported.
They have been found in the vaults of JPMorgan, one of the major banks at the center of the market in bullion, senior executives at gold refineries, banks and other industry sources told the news outlet.
Four executives told Reuters that at least 1,000 of the bars have been found - a small share of output from the gold industry, which produces about 2 million to 2.5 million such bars every year.
But the forgeries are sophisticated, so thousands of additional ones may have gone undetected, according to the head of Switzerland's largest refinery.
"The latest fake bars ... are highly professionally done," Michael Mesaric, chief executive of refinery Valcambi, told Reuters, adding that there are "way, way, way more still in circulation."
Blocks of cheaper metal plated with gold are relatively common in the industry and are often easy to detect, but the forgeries in these cases are more subtle - the high-purity gold is real, with only the markings faked.
JP Morgan Chase Bank office building in New YorkReuters
Fake-branded gold is a relatively new way to flout global measures to block conflict minerals and prevent money-laundering. The forgeries pose a problem for global refiners, financiers and regulators as they try to rid the world of illegal trade in bullion.
Without a stamp from a prestigious refinery, such gold would be forced into underground channels, or priced at a discount.
But by pirating major brands, metal that has been mined or processed in locations that would not otherwise be legal or acceptable in the West - such as parts of Africa, Venezuela or North Korea - can be slipped into the market, channeling funds to criminals or sanctioned regimes.
It was unclear who is producing the bars found so far, but executives and bankers told Reuters they believed most originate in China, the world's largest gold producer and importer, and have infiltrated the market through trading houses in Hong Kong, Japan and Thailand.
Once accepted by a mainstream dealer, they can quickly slip into the global supply chains.
In 2017, JPMorgan, one of five banks that finalize trades in the $10 trillion-a-year London gold market, found that its vaults contained at least two gold bars stamped with the same ID number, 10 people familiar with the matter told Reuters.
The news outlet couldn't determine exactly where the vaults were.
JP Morgan declined to directly address questions about the fake bullion.
"It's our standard practice to immediately alert the appropriate authorities and refineries should we discover mismarked gold kilobars during routine checks and procedures," the bank said in a statement.
"Fortunately, we have yet to have an incident resulting in a loss to the firm or a client," it added.
Kilobars are small - about the size and thickness of a cellphone - unlike the roughly 12.5-kilo bars typically stored in the world's central banks.
When I stated above:- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9^TH 2015 ---------------- I was not joking.

Below is my article dated September 2015:-

THE CUNNING, DEVIOUS, AND ILLEGAL ACTIVITIES BEING APPLIED BY THE CABAL / ELITE TO CON EVEN MORE PEOPLE, REFERENCE TO .....................

.................... GOLD / SILVER

Earlier this year I was asked a question about what happened to our targeted date of November 2014 for specific factors to happen.
To this I responded, publicly, that as a result of substantial interference we had been delayed. However, all factors were still positively progressive.
I am now authorised to reveal what these interferences were.
During the 3^rd quarter of 2014 we were advised by our intelligence people that they have identified Three (3) possible small illegal refineries where stolen Gold was being refined and re-blocked complete with Hallmarks and forged documentation.
All of these small illegal refineries were positioned on Military bases within countries of the Far East.
Teams were organised to gain access to these illegal refineries and obtain as much information as possible, including photographs.
It took some time for our teams to obtain what was necessary, and then for us to commence tracing the people involved, whereby this work is still ongoing.
In all Three (3) cases, C17 and C130 American Military aircraft were being used to haul the Gold / Silver (We have photographs of this activity), stolen from the Depository country, to the applicable Military Bases in other countries, usually arriving early in the morning and leaving again late in the evening.
There, the delivery aircraft were unloaded of their stolen Gold which was moved into the illegal refineries (We have photographs of the inside of these illegal refineries). During the daytime the aircraft were reloaded with Gold / Silver that had previously been refined, ready for the evening flight out to another destination where ships were waiting to be loaded.
One, 1 star General, who was involved under orders from the top brass, was located, lifted, and taken to a safe place for interrogation. There he opened up and was given assurance of our protection and complete anonymity.
The documentation for this refined stolen Gold / Silver is being forged mainly in Thailand. Having seen some of it, we will state that it is very good in quality whereby the naive, and by using that word I refer more to members of the public who are unaware of the international procedures that apply to precious metals; would easily be fooled by it.
Without being registered by the World Gold Council, this stolen and illegally refined Gold, or some of it, is now circulating within the normal world markets, or, in the hands of unsuspecting individuals who have purchased the odd 1 kg bar or two, not realising that they are purchasing stolen Gold / Silver, but feeling that they are protecting themselves and their families against any possible future financial crash.

Two (2) C130's parked close to a small building (left) which is the illegal refinery, situated on a Thai Military Base (Thai Airforce Wing 21) quite far away from the main airbase activities. Several vehicles, including Forklift trucks are seen to the left of the building (Some not apparent on the Photograph), which are used by the foreign personnel (Americans) who are the operatives of this illegal refinery operation and the loading and unloading of the aircraft.

-----------------------------------------------------------------------

This stolen and illegally refined Gold / Silver, which is totally unregistered and illegal, is being sold by the secondary and sub-secondary bullion dealers (The small operations working mainly below the radar) with "off-shore domiciles companies", mainly in America, Central America / Caribbean, and Europe.
THIS GOLD / SILVER WILL EVENTUALLY BE RECOVERED, so, BE WARNED. BEFORE YOU BUY GOLD AND SILVER, IN YOUR ENDEAVOURS TO PROTECT YOURSELF AGAINST ANY FUTURE FINANCIAL COLLAPSE; CHECK OUT THE DOCUMENTATION EITHER WITH THE WORLD GOLD COUNCIL OR THE CLAIMED ISSUERS OF THE DOCUMENTS AND OBTAIN A WRITTEN CERTIFICATION FROM THE ISSUERS OF THOSE DOCUMENTS THAT WHAT YOU HAVE IS GENUINE AND LEGALLY REGISTERED GOLD / SILVER.
NOTE: EACH BAR OF GOLD HAS A SET OF SEVEN (7) DOCUMENTS PROVIDED WITH IT AS PROOF OF GENUINE, LEGITIMATE GOLD, AGAIN, ALL REGISTERED WITH THE WORLD GOLD COUNCIL. ALL DOCUMENTS CAN BE VERIFIED BY THE ISSUER OF SAID DOCUMENTS.
That brings me to the final factor of this article.
The more recent issue of the MF bankruptcy and the scandalous activities of the CME, along with others who do not have the Physical Gold against Paper Gold to settle on Date of Call.
Was the Gold they are selling, either forward selling or otherwise, part of the stolen and illegally refined Gold / Silver of the Collateral Accounts, all of which is still being thoroughly investigated and Gold / Silver transactions being tracked, including the real beneficial owners of MF Global ???????????????????
If that eventually turns out to be the real situation then sadly those who bought Gold / Silver from these secondary and sub-secondary bullion dealers (The small operations working mainly below the radar) with "off-shore domiciles companies", mainly in America, Central America / Caribbean, and Europe; without checking everything out, now stand to lose their money and the Gold / Silver they had purchased from these secondary and sub-secondary bullion dealers.
Regards
David P. Crayford
As everyone can now observe, the truth is always revealed in due course. It may take a little time as these clandestine illegal activities do take time to uncover. Sometimes that truth is too late to prevent someone from losing everything. This time, I am please that it is the notorious J.P.Morgan, even though they are claiming, quote "Fortunately, we have yet to have an incident resulting in a loss to the firm or a client," it added.
Which actually doesn't make any sense at all, because if they (J.P.Morgan) haven't lost, not any client of J.P.Morgan lost, and that is what J.P.Morgan are stating, then what the hell is it doing in the vaults of J.P.Morgan????? Sounds to me like someone in J.P.Morgan is covering something up.

I stated it would happen, and it has. However, it has taken 4 years, yes 4 years, for some of this stolen gold to show up, albeit in the vaults of J.P.Morgan, but there is a lot more, up to a minimum of 50 MT, somewhere in the world that someone is holding that has yet to be exposed and then confiscated.

The crooks involved in all of this, and that includes the US Airforce personnel, Army personnel, together with some rogue members of the Thai Royal Family and Senior Airforce personnel of the Thai Air Force, much to the disdain of the former and revered deceased King Blumipol; believe that because they got away with things right at the beginning, they can continue and never get caught. Ha, ha, ha, little do they know we are watching with very sharp eyes, and one by one they are being taken down and incarcerated. This will continue indefinitely until all stolen gold is recovered and returned to the Global Debt Facility, no matter who is involved.

That has made my day today, so I am very happy. So I am now going to have a coffee with a wee dram of Glenfiddich Scotch Whisky to tickle the taste buds.

Regards

David Crayford


© and Copy Holder plus ® to David P. Crayford in conjunction with Abundanthope.net

Italy Calls to Eliminate Central Bank and Jail Bankers

 on 11th February 2019 @ 12.00pm

Matteo Salvini is calling for the Italian Central Bank to be eliminated and the bankers jailed

Italy's Deputy Prime Minister Matteo Salvini has called for the Italian Central Bank to be eliminated, declaring that the bankers involved in fraudulent activity will "end up in prison for a long time."

This move shortly follows Friday's warning from Bank of America that predicts the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention."

The center of Europe's populist revolt, Italy, responded the next day, with the country's coalition government slamming their central bank leadership and stock market regulator.

The Italian populist leader Salvini hinted at where the global wave of populism is headed next, escalating his attacks on establishment figures ahead of the European parliamentary vote in May.

Italy's deputy PMs Matteo Salvini and Luigi Di Maio repeatedly attack French President Macron, with Di Maio last week meeting Yellow Vest leaders

According to Zero Hedge, Matteo Salvini, the outspoken head of the anti-immigrant League party, said the Bank of Italy and Consob, the country’s stock market regulator, should be "reduced to zero, more than changing one or two people, reduced to zero." 

In other words, the Central Bank will be eliminated. 

Salvini also declared that “fraudsters”who inflicted losses on Italian savers will "end up in prison for a long time."

As the FT notes, this latest broadside against Italy’s financial establishment comes as the two parties which are increasingly at odds with each other amid speculation Salvini may hold elections to become the sole leader of Italy, prepare to run against each other in the European parliamentary elections in May, a contest that is widely seen as a proxy for national polls.

TRENDING: Boris Johnson Warns Migrants Who Cross English Channel We Will Send You BACK

Meanwhile, both leaders have also increased their attacks against targets including the EU and French president Emmanuel Macron.

Confirming the rising animosity between the two coalition partners, the League and Five Star have openly squabbled over the future of an Alpine rail line and migration.

Meanwhile, the two leaders’ repeated attacks against France which culminated with Di Maio meeting the leaders of the anti-Macron Yellow Vest moment, triggered a diplomatic crisis which last week saw Paris recall its ambassador from Rome.

Mario Draghi warned the Central Bank is being threatened by the rise in populist governments

Saturday's latest verbal crackdown targeting of the Bank of Italy comes after central bankers issued more pessimistic economic growth forecasts for this year compared with the numbers underpinning the government’s budget.

As we reported last month, Italy entered into a technical recession in the second half of 2018, with the Bank of Italy cutting its GDP forecast for 2019 to 0.6% compared with a 1% forecast made by the government.

At the same time, the European Commission slashed Italy's GDP forecast from 1.2% to a borderline recessionary 0.2% for the full year, hinting that Italy's budget deficit forecast will not only be missed but could re-emerge as a focal point of renewed tensions between Rome and Brussels in the coming months.

Meanwhile, ECB head Mario Draghi, an Italian economist and former governor of the Bank of Italy, last year warned that central bank independence was under threat by populist governments, while not making a direct reference to Italy.

Should Salvini cement his de facto Italian leadership in upcoming elections, it would make life for the local central bank especially complicated.

Separately, Di Maio and other Five Star ministers said they want to block Luigi Federico Signorini, the deputy director-general of the Bank of Italy, from renewing his term, according to La Repubblica.

The newspaper reported that the Italian cabinet was divided on the issue.

As previously reported, in the latest anti-establishment shot across the bow, several days ago the government nominated Paolo Savona, a veteran economist and prominent Eurosceptic who had previously served as minister for European affairs, as the new president of Consob.

Savona was last year been blocked as the coalition’s first choice as the economy minister by Italian president Sergio Mattarella, following strong pressure from Brussels and a revolt in the Italian bond market.

Última llamada de atención: Construcción del criminal Rothschild 3

El poder de emitir dinero

En el pasado existían antes de 1917 los bancos, pero estos bancos eran independientes y no están integrados en un sistema. Haciendo uso de los bancos fue opcional para las personas, era incluso posible no utilizar un banco para toda la vida de uno, si uno eligió para hacerlo. Era un sistema bancario estable, porque a medida que aumenta la deuda, las personas podrían elegir voluntariamente a dejar de préstamos del banco.Los bancos sólo tratan con el dinero de energía respaldado en oro y no existían dinero de la deuda. La gente, lo más importante, tenían la 'libertad de elección' para decir no al banco.

En 1913, un gobierno corrupto, el Congreso y el presidente Thomas Woodrow Wilson, cambian la estructura del sistema financiero y robaron la libertad de las personas, ya que el sistema económico se revirtió de nuevo en el mismo sistema que había existido con anterioridad, un sistema contra el cual la gente había luchado diente y clavo en una revolución para liberarse de. El poder de emitir dinero fue sacado de gobierno del pueblo y será dado a un grupo de banqueros corruptos, y desde ese día en adelante, todo el dinero en circulación fue creado por un grupo privado de banqueros corruptos, que tuvo que ser prestado por el gobierno y la gente de interés, para lo cual se rendir cuentas como garantía las personas para garantizar el pago de los intereses.

A partir de entonces, cada dólar en circulación comenzó como un préstamo con intereses. No hubo otros de dólares en circulación que no comenzó como un préstamo a interés desde el sistema de banco central de propiedad privada.

La forma en todas las personas se convirtieron en esclavos

A partir de ese momento, la libertad de las personas que se niegan a tomar prestado de los bancos y de negarse a pagar un interés fue despojado de distancia. Para participar en el comercio con Estados Unidos en absoluto, significa todo el mundo se ve obligado a utilizar dinero-deuda, préstamo a interés, para el beneficio de los banqueros y a expensas del público. la libertad de las personas a decir “no” fue robado por el Congreso en 1913, sin su permiso, e incluso antes de que muchos de nosotros hemos nacido.

Cuando la gente ha perdido la libertad de decir “no”, no tienen más remedio que pagar un porcentaje de sus ganancias en intereses a los banqueros, ya sea en la deuda privada o de impuestos, para cubrir las deudas enormes acumulados por el propio Gobierno, por lo que todo y el pueblo comenzó y todavía están hoy en día, esclavos de los banqueros. Y debido a que más dinero se le debe a los banqueros que realmente existe, ya que a propósito no se crea el dinero interés que se cobra por el préstamo, la deuda-esclavitud con ello se hace permanente! No importa lo duro que trabaja, no importa cuánto sacrificio, la deuda no se puede pagar. El sistema está diseñado intencionalmente para atrapar la población del país permanentemente en deuda impagable, para hacerlos eternos esclavos a que la deuda ya los banqueros.

Este es el propósito detrás del diseño de la Reserva Federal, el Fondo Monetario Internacional, el Banco Central Europeo, y de hecho cada banco central privada, que emite la moneda pública como un préstamo a interés. Por eso, hoy cada nación se está ahogando en creado intencionalmente, la deuda innecesaria, siendo esclavizado a los banqueros privados. Esa es la razón de las crecientes impuestos y los beneficios decrecientes; a pagar a los banqueros su interés impagable sobre la moneda pública emitida.

Para la esclavización de tener éxito, los derechos y las libertades para rechazar el dinero que genere intereses del banco de la gente tenían que ser despojado de distancia. El gobierno obliga a las personas a utilizar la moneda del banco central privado, prestados a personas con intereses, a través de las leyes de curso legal. En este documento se encuentran las cadenas de nuestra esclavitud. Las personas están clasificadas por el gobierno, con el riesgo de ser echado en la cárcel, para usar el dinero del banquero, y para pagar los intereses cobrados por los bancos a través, por ejemplo, los impuestos.

La gente libre tiene el derecho a decir “no”. Las personas libres tienen derecho a decidir por sí mismos qué medio de cambio que van a utilizar y elegir no estar involucrado con los banqueros!

No hay libertad sin la libertad de decir “no”. Los esclavos no pueden decir “no” cuando se ordenó entregar los productos de su trabajo a sus amos.¿Qué es la prueba de que somos esclavos.

Los bancos centrales son un cartel de la banca privada

El  sistema y el Banco de la Reserva Federal Central es nada más que un cartel de la banca privada , desarrollada y fundada en noviembre de 1910 en una reunión secreta  en Jekyll Island , a la que asistieron representantes de alto nivel de los individuos más ricos y las empresas bancarias en el mundo, incluyendo JP Morgan, William Rockefeller, Paul Warburg, los Rothschild, y Kuhn, Loeb & Co., el senador Nelson W. Aldrich y el secretario adjunto del Departamento del Tesoro AP Andrews también asistieron a la reunión. El propio Warburg fue supuestamente dijo “que era esencial no dejar que los ciudadanos norteamericanos saben que la Reserva Federal era un cartel de bancos privados, pero en lugar de persuadirlos de que se trataba de una agencia del gobierno.”

Este sistema fraudulento se estableció en la que el gobierno de Estados Unidos se vio obligado a pedir dinero prestado con eficacia - con intereses - de esta institución de banca privada, para permitir la continuidad del funcionamiento del gobierno. El pánico financiero de 1907 fue orquestado deliberadamente y se limita a utilizar como combustible para el fuego para facilitar el paso drástico que Charles Lindbergh se refiere como “el peor crimen legislativa de las edades.”

“Antes de 1913, la mayor parte de la riqueza de Estados Unidos proviene de las tarifas, o los impuestos sobre los bienes comercializados (IVA).La infraestructura del país era fuerte, y no había necesidad de ningún tipo de impuesto sobre la renta de los ciudadanos. Este impuesto se recauda en realidad una gran presión sobre la población estadounidense. Ambos de estos actos, - Fundación de la Reserva Federal y la nueva ley de impuestos - aunque retrata de manera diferente por la historia convencional, fueron un intento de aspirar el país seco, y para drenar en última instancia la riqueza de las manos de la gente “.

Cada país ha Rothschild-funcionarios controlada por

A través de las redes y dinero robado a los ciudadanos, complementado por la violencia orquestada, la élite del poder se ha infiltrado en todas las estructuras de poder de la sociedad y todos son totalmente bajo su control. Sin excepción posiciones de suma importancia en cada gobierno, medios de comunicación, negocios, finanzas, economía, ciencia, religión, educación, etc., en prácticamente todos los países, tiene Rothschild-nombrado-y-funcionarios-controlados.

Estos funcionarios de control de los partidos políticos y también tienen control sobre la red de agencias de inteligencia. No hay límites a ese nivel o dilemas morales sobre pequeñas cosas como la integridad y las leyes de protección de datos personales. Han cerrado sus mentes y vendido sus almas.

Cuantos más secretos estos muñecos tienen que podría destruirlos si revelada, más adecuadas y deseables que convertirse para llenar posiciones clave. Si es que alguna vez tratan de ponerse de pie en contra de la línea oficial, siempre existe el archivo como una herramienta de chantaje.

Todos los escalones superiores de la construcción de energía están llenos de gente que está bailando con la música por miedo a la exposición pública para cualquier cosa de fraude financiero a la pedofilia. Hay tres tipos de políticos que se interponen en cualquier lugar cerca del sistema de gobierno del poder:

Las personas que están a sabiendas parte de la conspiración y consciente de los objetivos. 
Las personas que sólo quieren poder y estatus, y harán cualquier cosa para conseguirlo, y 
las personas que tienen grandes secretos listo para ser liberado en cualquier momento se niegan a recibir órdenes.

Gracias a Internet, muchos de los planes de alto secreto para el nuevo orden mundial se han filtrado. No obstante, los Illuminati son expertos en secreto y para tal fin se desarrollaron e introdujeron que garantiza el secreto y sin lugar a dudas, lo que garantiza que ninguno de éstos designen y siempre sopla el silbato de un programa.

modelo de poder familias de linaje

Ellos controlan la mayoría de las mega-corporaciones, incluyendo las grandes compañías petroleras, los gigantes de Internet como Google, Facebook, Amazon y Apple, y el famoso posible, las falsas noticias medios corporativos. Su mayor fuente de poder, por supuesto, es la propiedad de los bancos centrales, que se han utilizado para tomar el control de las grandes corporaciones.

Los kazarios obtienen su energía mediante la infiltración de personas en los círculos internos de los principales agentes del poder públicamente visibles y dejar que ellos saben que son vulnerables si no obedecen. Se comprometen asesinato, el soborno y la mentira para infiltrarse en los niveles superiores de potencia mundial, sobre todo en Occidente. También se han casado estratégicamente sus hijos en familias poderosas, la expansión de su poder a través de la penetración.

Cuando un líder público actúa de manera contraria a los intereses del país, lo que confirma el uso del poder Khazarian, mejorado con el control mental. Por lo general, es el modus operandi satánico, diciendo una cosa y haciendo lo contrario. Por lo tanto, puede estar seguro de que el primer ministro de los Países Bajos, Mark Rutte, es otro, marioneta-líder con control mental, confirmada por su actitud inaceptable y la acción en relación con el  MH-17  derribo por encima de la Ucrania; que sin duda debe haber sabido acerca de este plan de antemano!

Otro líder público claramente controlada es la canciller alemana, Angela Merkel, que es la hija de Hitler por la hermana de Eva Braun. Ella demuestra esta conspiración para ser verdad, mostrando que es una globalista de núcleo duro, igualmente autodestructivo como su padre, Hitler ante ella - ella también es empleado de potencia y control mental. Eso quiere decir que tiene la sangre Rothschild y sería simplemente otro ejemplo de cómo los gobernantes familias “Bloodline” continúan su patrón de poder. La comparación de fotos de los dos , los expertos pudieron determinar similitudes notables.

Se sabe que la familia Bush, originalmente llamado Scherff, son un miembro de la familia lejana de un original italiano descendiente Negro nobleza del linaje Rothschild. Kazarios cambiar sus apellidos e historias de vida cuando sea necesario, a menudo con el fin de ocultar su rastro intergeneracional de control. Como cuestión de hecho, los Clinton son en realidad miembros de la familia Rockefeller, como la madre de Bill Clinton era un Rockefeller, y Hillary Clinton es la hija de David Rockefeller, como es Mark Zuckerberg, su nieto, que actúa como el CEO y fundador 'de la operación del Nuevo Orden Mundial-espionaje, Facebook. En resumen, todos los ratios son miembros de linaje Archon, incluso, Theresa May, se dice que es la descendencia de los Rothschild.

El Papa, que no habla de los musulmanes, hindúes y otros creyentes en el mundo, es la figura del Nuevo Orden Mundial de la mafia Khazarian.¿Por qué se habla en la ONU y no en la capital de los EE.UU. para decirle a la gente del mundo para prepararse para el nuevo orden mundial? Es evidente que el papa está siguiendo las órdenes del estado profundo.

El mecanismo de usura oculta es el vehículo de la esclavitud moderna

En Inglaterra, este  sistema engañosa  fue sancionado oficialmente en 1694 con el Banco de propiedad de Rothschild de Inglaterra. El mismo sistema fue adoptado en todos los países a través de un proceso de revolución y la manipulación masónico.

Hoy en día, la banca se ha vuelto extremadamente sofisticado, pero el mecanismo oculto y usurario detrás de él sigue siendo el mismo. El Banco de la Reserva Federal establecida en 1913 es, al igual que con el Banco de Inglaterra, de propiedad privada y no una parte del gobierno.

En teoría, la cábala controla los Estados Unidos, la Unión Europea, Gran Bretaña y Japón a través de los bancos nacionales, toda propiedad exclusiva de este grupo criminal de los Rothschild súper ricos privadas. En conjunto, estos banqueros centrales aconsejan a los distintos gobiernos y determinar la cantidad de billetes y monedas se emitirán cada año. Este es el desagüe donde todos nuestros impuestos va.

La siguiente etapa de desarrollo de estos financieros internacionales es deshacerse por completo de dinero en efectivo por razones malévolas. Entonces, la rendición de cuentas token para los banqueros podría desaparecer por completo, junto con toda la liquidez en forma de efectivo.

Su objetivo final es que todo el mundo se ve obligado a utilizar tarjetas de crédito / débito para cada tipo de transacción comercial. La tecnología electrónica, cuando se usa de esta manera, sin el respaldo de los activos reales de valor y cuando se hace obligatorio, les haría un control completo sobre cada hombre, mujer y niño en el mundo.

Es hora de poner fin a esta intromisión no solicitado. No espere con la acción de resistir su esclavitud y para oponerse al secuestro de su libertad. Se trata de usted, su corazón y su capacidad para dejar de lado su ego para que pueda empezar a entender lo que está sucediendo a nuestro alrededor. No debe haber temor; a medida que las personas con nuestro 99% tienen la mayoría sobre la Elite del crimen de la mafia - los Illuminati y que es su miedo y su talón de Aquiles - Son la minoría del 1%; tenemos que ganar esta batalla por el bien de nuestro futuro y el de nuestros hijos y las próximas generaciones futuras. Ayudar al compartir esta información con todos sus conocidos, y pedirles que hagan lo mismo con sus contactos. Si suficientes personas se despiertan, vamos a ganar esta batalla épica por el seguro. Nuestros hijos y nietos van a estar agradecidos por su ayuda. - Haga su propia contribución al compartir este mensaje, y pedir a los demás a hacer lo mismo. - No se pierda nuestras revelaciones futuras y convertirse en un miembro, de forma gratuita, de nuestra FWC in situ. Si desea saber más acerca de esta antigua terror, leer el libro El Gran Despertar.

Se anima a la gente a leer y estudiar los libros instructivos El Gran Despertar,  la primera parte y  la parte dos , especialmente compilado para este fin; con muchos casos detallados en el punto y soluciones que se complementan con un sinnúmero de enlaces para individuales investigación en profundidad. Toda esta información es importante y necesario para comprender plenamente la criminalidad en todo el mundo de nuestra esclavitud, y la comprensión de los próximos cambios necesarios para reestructurar nuestra sociedad. Sólo entonces podremos garantizar la destrucción total.

Continuará, estad atentos

Fuente 

Final Wakeup Call: Rothschild Crime Construct 3

The power to issue money

In the past before 1917 banks existed, but these banks were independent and not integrated in a system. Making use of the banks was optional for the people, it was even possible not to use a bank for one’s entire life, if one chose to do so. It was a stable banking system, because as debt increased, people could voluntarily choose to stop borrowing from the bank. The banks only dealt with gold-backed energy money and debt money didn’t exist. People, most importantly, had the ‘freedom of choice’ to say no to the bank.

In 1913, a corrupt government, congress and President Thomas Woodrow Wilson, changed the structure of the financial system and stole people’s freedom, as the economic system was reverted back into the same system which had existed beforehand, a system against which people had fought tooth and nail in a revolution to free themselves from. The power to issue money was taken away from the people’s government and given to a bunch of corrupt bankers, and from that day onward, all the money in circulation was created by a private group of corrupt banksters, that had to be loaned by the government and the people at interest, for which the people were held accountable as collateral to ensure payment of the interest.

From that time on, every dollar in circulation began as an interest-bearing loan. There were no other dollars in circulation that did not start out as a loan at interest from the privately-owned central bank system.

The way all the people became enslaved

From that moment on, the freedom of the people to refuse to borrow from the banks and to refuse to pay interest was stripped away. To participate in commerce with the United States at all, means everyone was forced to use debt-money, loaned at interest, to the profit of the bankers and at the expense of the public. People’s freedom to say “no” was stolen by Congress in 1913, without their permission, and even before many of us were born.

When people have lost the freedom to say “no”, they have no choice but to pay a percentage of their earnings in interest to the bankers, whether in private debt or taxes, to cover the gargantuan debts amassed by the Government itself, so all the people became and still are today, slaves to the bankers. And because more money is owed to the bankers than actually exists, as the interest money charged on the loan is purposely not created, the debt-slavery is thereby made permanent! No matter how hard you work, no matter how much you sacrifice, the debt can never be paid off. The system is intentionally designed to trap the nation’s population permanently in unpayable debt, to make them eternal slaves to that debt and to the bankers.

This is the purpose behind the design of the Federal Reserve, the International Monetary Fund, the European Central Bank, and indeed every private central bank, issuing the public currency as a loan at interest. This is why today every nation is drowning in intentionally-created, unnecessary debt, being enslaved to the private bankers. That is the reason for the ever-increasing taxes and the decreasing benefits; to pay the bankers their unpayable interest on the issued public currency.

For the enslavement to succeed, peoples’ rights and freedoms to refuse the bank’s interest-bearing money had to be stripped away. The government forces people to use the private central bank’s currency, loaned to people at interest, via the Legal Tender Laws. Herein lie the chains of our enslavement. People are ordered by the government, at the risk of being thrown into prison, to use the banker’s money, and to pay the interest charged by the bankers through, for example, taxes.

Free people have the right to say “no.” Free people have a right to decide for themselves what medium of exchange they will use and to choose not to be involved with bankers!

There is no freedom without the freedom to say “no.” Slaves cannot say “no” when ordered to surrender the products of their labour to their masters. Which is proof we are slaves.

Central Banks are a private banking cartel

The Federal Reserve and Central Bank system is nothing more than a private banking cartel, developed and founded in November 1910 at a secret meeting at Jekyll Island, attended by top level representatives of the wealthiest individuals and banking firms in the world, including J.P. Morgan, William Rockefeller, Paul Warburg, the Rothschilds, and Kuhn, Loeb & Co., U.S. Senator Nelson, W. Aldrich and Assistant Secretary of the Treasury Department A.P. Andrews also attended the meeting. Warburg himself was purported to have said “that it was essential not to let American citizens know that the Federal Reserve was a cartel of private banks, but instead to persuade them that it was a government agency.”

This fraudulent system was established in which the U.S. government was effectively forced to borrow money – with interest – from this private banking institution, to allow for the continued operation of the government. The financial panic of 1907 was deliberately orchestrated and merely used as fuel for the fire to facilitate the drastic step that Charles Lindbergh referred to as “the worst legislative crime of the ages.”

“Prior to 1913, the majority of U.S. wealth came from tariffs, or taxes on traded goods (VAT). The infrastructure of the country was strong, and there was no need for any type of tax on citizen income. This tax did in fact levy great pressure on the American populace. Both of these acts, – the foundation of the Federal Reserve and the new income tax law – though portrayed differently by mainstream history, were an attempt to suck the country dry, and to ultimately drain the wealth out of the hands of the people.”

Each country has Rothschild-controlled-officials

Through networks and stolen money from the citizens, complimented by orchestrated violence, the power elite has infiltrated all power structures of society and they are all fully under their control. Without exception all-important positions in each government, the media, business, finance, economics, science, religion, education etc. in practically all countries, have Rothschild-appointed-and-controlled-officials.

These officials control the political parties and also have control over the intelligence agency network. There are no boundaries at that level or moral dilemmas about little things like integrity and laws of personal data protection. They have closed their minds and sold their souls.

The more secrets these puppets have that could destroy them if revealed, the more suitable and desirable they become to fill key positions. If they ever try to stand up against the official line, there is always the file as a blackmailing tool.

All upper echelons of the power construct are full of people who are dancing to the music for fear of public exposure for anything from financial fraud to paedophilia. There are three types of politicians that get anywhere near the governmental system of power:

People who are knowingly part of the conspiracy and aware of the goals.
People who just want power and status and will do anything to get it, and
People who have big secrets ready to be released at any time they refuse to take orders.

Thanks to the Internet, many of the top-secret plans for the new world order have been leaked. Nonetheless, the Illuminati are experts in secrecy and for that purpose a program was developed and introduced that guarantees secrecy without a doubt, ensuring that none of their appointees ever blows the whistle.

Bloodline families’ model of power

They control most mega-corporations, including the big oil companies, Internet giants like Google, Facebook, Amazon, and Apple, and famously, the fake news corporate media. Their biggest source of power, of course, is their ownership of the central banks, which they have used to seize control of the big corporations.

The Khazarians get their power by infiltrating people into the inner circles of leading publicly-visible power brokers and letting them know they are vulnerable if they do not obey. They commit murder, bribery, and lies to infiltrate the top levels of world power, especially in the West. They have also strategically married their offspring into powerful families, expanding their power through penetration.

When a public leader is acting contrary to the interest of the country, this confirms the employment of Khazarian power, enhanced with mind-control. Typically, it is the satanic modus operandi, saying one thing and doing the opposite. So, you can rest assured that the Prime Minister of the Netherlands, Mark Rutte, is another mind-controlled, puppet-leader, confirmed by his unacceptable attitude and action regarding the MH-17 downing above the Ukraine; he certainly must have known about this plan in advance!

Another clearly controlled public leader is German Chancellor Angela Merkel, who is Hitler’s daughter by Eva Braun’s sister. She proves this conspiracy to be true by showing she’s a hard-core Globalist, equally self-destructive as her father, Hitler before her – she is also power-employed and mind-controlled. That would mean she has Rothschild blood and it would be simply another illustration of how the ruling “Bloodline” families continue their pattern of power. Comparing photos of the two, experts were able to ascertain remarkable similarities.

It is known that the Bush family, originally named Scherff, are a distant family member of an original Italian Black Nobility descendant of the Rothschild bloodline. Khazarians change their last names and life stories when necessary, often in order to hide their intergenerational trail of control. As a matter of fact, the Clintons are actually members of the Rockefeller family, as Bill Clinton’s mother was a Rockefeller, and Hillary Clinton is the daughter of David Rockefeller, as is Mark Zuckerberg his grandson, acting as the CEO and ‘founder’ of the New World Order-spying operation, Facebook. In short, all the key figures are Archon bloodline members, even Theresa May is said to be the offspring of the Rothschilds.

The Pope, who doesn’t speak for the Muslims, Hindus, and other believers in the world, is the figurehead of the Khazarian Mafia’s New World Order. Why did he speak in the UN and not in the Capital of the USA to tell the people of the world to prepare for the new world order? Clearly, the Pope is following the Deep State’s orders.

The hidden usurious mechanism is the vehicle of Modern Day Slavery

In England, this deceitful system was officially sanctioned in 1694 with the Rothschild-owned Bank of England. The same system was adopted in every country through a process of Masonic revolution and manipulation.

Nowadays, banking has become extremely sophisticated, but the hidden and usurious mechanism behind it remains the same. The Federal Reserve Bank established in 1913 is, just as with the Bank of England, privately-owned and not a part of the government.

In theory, the cabal controls the United States, the European Union, Great Britain, and Japan through national banks, all owned exclusively by this criminal group of private super rich Rothschilds. In conjunction, these central banksters advise the various governments and determine how much paper money and coins are to be issued each year. This is the drain where all of our tax money goes.

The next stage of development for these international financiers is to get rid of cash altogether for malevolent reasons. Then, token accountability for the bankers could disappear completely, along with all liquidity in the form of cash.

Their ultimate goal is that everyone be forced to use credit/debit cards for every type of commercial transaction. Electronic technology, when used in this way, without the backing of real assets of value and when it is made compulsory, would render them complete control over every man, woman and child in the world.

It is time to stop this unsolicited meddling. Don’t wait with action to resist your slavery and to oppose the hijacking of your freedom. It’s about you, your heart and your ability to set aside your ego so you can begin to understand what’s happening all around us. There shouldn’t be fear; as we the people with our 99% have the majority over the Elite Crime Mafia – the Illuminati and that is their fear and their Achilles heel – They are the 1% minority; we must win this battle for the sake of our future and that of our children and the unborn upcoming generations. Help by sharing this information with everyone you know, and ask them to do the same with their contacts. If sufficient people wake up, we’ll win this epic battle for sure. Our children and grandchildren will be grateful for your help. – Make your own contribution by sharing this message, and asking others to do the same. – Do not miss our future exposés and become a member, free of charge, of our FWC-site. If you want to know more about this age-old terror, read the book The Great Awakening.

People are encouraged to read and study the instructive books The Great Awakening, part One and part Two, especially compiled for this very purpose; with many detailed cases in point and solutions that are complimented with countless links for individual in-depth research. All this information is important and necessary to fully grasp the worldwide criminality of our enslavement, and understanding the coming changes necessary to restructure our society. Only then can we guarantee the total destruction.

To be continued, stay tuned