Veil Of Politics
Under Russian law, half of the Central Bank’s profit has to be channeled into the government’s federal budget.
The Bank of Russia (Russian: Банк России) or the Central Bank of The Russian Federation (Russian: Центральный банк Российской Федерации) is the central bank of The Russian Federation. Its functions are described in the Russian constitution (Article 75) and in the special Federal Law.
The Bank of Greatest Russia was founded on July 13, 1990, but traced its history to the State Bank of the Russian Empire, which in honor of its 150th anniversary issued a 5-kilo commemorative gold coin featuring Alexander II in 2010.
Under Russian law, half of the Central Bank’s profit has to be channeled into the government’s federal budget.
Rothschild doesn’t like this, don’t forget all debt to Rothschild was paid off in 2006 by Putin and Rothschild has been trying ever since to get back into exploiting Russia. Though the BIS is a component of the Russian financial system, Rothschild has been neutered.
The Central Bank of Russia unlike Belarus National Bank, Ukraine or Khazahstan is a member of BIS. Wikipedia
1) Did they clear out the bad debts that caused the 2008 collapse? NOPE
2) Did they implement structural reforms to insure another 2008 didn’t happen? NOPE
3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE
So what did they do?
They cut interest rates over 500 times and funneled over $10 trillion into the financial system, over 98% of which went to the very players (key banks) who nearly blew up the world in 2008.
And people are actually surprised that the system is back in trouble again? Would you be surprised if giving another shot of heroin to a drug addict who was in a coma didn’t bring him to health?
Its The European Union ~ Where Bernanke Surreptitiously Sent Most Of The U.S. Fiat Currency.
The pressing issues are Europe, namely:
- According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans… the real leverage levels are likely much, much higher.) These are a Lehman Brothers leverage levels.
- The European Banking system is over $46 trillion in size (nearly 3X total EU GDP).
- The European Central Bank’s (ECB) balance sheet is now nearly $4 trillion in size (larger than Germany’s economy and roughly 1/3 the size of the ENTIRE EU’s GDP). Aside from the inflationary and systemic risks this poses (the ECB is now leveraged at over 36 to 1).
- Over a quarter of the ECB’s balance sheet is PIIGS debt which the ECB will dump any and all losses from onto national Central Banks (read: Germany)
- Obama’s Secrets And Lies Of The Bailouts: Tarp Ceiling Was Secretly Raised 117 Times ~ RollingStone
- IMF Sends Message “Raise The Debt Ceiling” ~ Charlie Manson Sends Patricia Krenwinkel
- US Banks Are Told To Be Prepared For 30-day Crisis: Fundamentally Evil ~ Nearing Rothschild’s Last Stand!
- Imminent U.S. Economy Collapse With Your Occasional WWIII NWO Takeover Plan: NWO Corporate Media Pumping Smokescreen ~ Violating Nurmeberg Principles.
So we’re talking about a [DEBT] banking system that is nearly four times that of the US ($46 trillion vs. $17 trillion) with at least twice the amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US), and a Central Bank that has stuffed its balance sheet with loads of garbage debts, giving it a leverage level of 36 to 1. ZeroHedge
Bank for International Settlements instructed to block disbursement of new computer-generated US dollars and Euros.
The G5′s new fake dollars and Euros are not being accepted as legal tender outside the G5 (US, UK, Germany, France and Italy).
- BRICS ~ Brazil, Russia, India, China, & South Africa: Block Rothschild’s US and EU Computer Generated Ponzi Bailout Scheme Money Issuances.
BUT: Rothschild still has a few tricks up their sleeve: BIS is in Basel, Switzerland, but remember, though Russia is still a current member of the BIS, the BIS is tied down by Russia’s Constitution Article 75.
These computer-generated “Quantitative Easing” screen-numbers, conjured-up by élite keyboards at the US Fed and the European Central Bank, are being blocked on the instructions of the 147-nation Monaco Colloquium Group led by the BRICS (Brazil, Russia, India, China and South Africa).
The Monaco Colloquium Group is also refusing to purchase any more G5 bonds or financial products. The Chinese $47 trillion Lien in operation against the US Treasury and the US Federal Reserve Board remains in place.
When Western capitalism finally collapses under the weight of its own flesh-eating debt mathematics, and the long-planned democratic régime changes in the G5 nations take place, new gold-backed currencies will come on stream and universal debt forgiveness will be announced.
The attempt by G5 NATO-backed mercenary militias in “The Syrian Civil War” to start a Middle East conflagration which draws in Iran, Israel and Russia will fail. Designed as a Libyan-style destabilisation and media-distraction, Russia, China and Turkey will prevent the fin de siècle NATO war-mongering.
There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases.
A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.
US dollar holdings and US dollar denominated debt instruments are in effect being traded in for gold, which in turn puts pressure on the US dollar.
In turn, both China and Russia have boosted domestic production of gold, a large share of which is being purchased by their central banks:
It has long been assumed that China is surreptitiously building up its gold reserves through buying local production. Russia is another major gold miner where the Central bank has been purchasing gold from another state entity, Gokhran, which is the marketing arm and central repository for the country’s mined gold production.
Now it has been reported by Bloomberg that the Venezuelan Central Bank director, Jose Khan, has said that country will boost its gold reserves through purchasing more than half the gold produced from its rapidly growing domestic gold mining industry.
- Finland, Poland, Germany, & Venezuela Repatriate Their Gold: Bracing For End Of NWO Eurozone!
- Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%: You Take The Red Pill – You Stay In Wonderland, And I Show You How Deep The Rabbit Hole Goes!
In Russia, for example, Gokhran sold some 30 tonnes of gold to the Central Bank in an internal accounting exercise late last year. In part, so it was said at the time, the direct sale was made rather than placing the metal on the open market and perhaps adversely affecting the gold price.
- Iraq Purchases 55,000 Lbs Of Gold In Preparation For Rothschild’s Gold Standard Reset: Iraq’s Gold Reserves Quadruple In Latest 2 Months!!
China is currently the world’s largest gold producer and last year it confirmed it had raised its own Central Bank gold holdings by more than 450 tones over the previous six years. Mineweb.com – The world’s premier mining and mining investment website Venezuela taking own gold production into Central Bank reserves – GOLD NEWS | Mineweb
The 450 tons figure corresponds to an increase in the gold reserves of the central bank from 600 tons in 2003 to 1054 tons in 2009. If we go by official statements, China’s gold reserves are increasing by approximately 10 percent per annum.
China has risen to now be the largest gold producing nation in the world at around 270 tonnes.
The amount bought in by the government initially looks like 90 tonnes per annum or just under, 2 tonnes a week.
Before 2003 the announcement by the Chinese central bank that gold reserves had been doubled to 600 tonnes, accounted for similar purchases before that date. Why so small an amount you may well ask?
We think local and national issues clouded the central bank’s view as it was the government that bought the gold since 2003 and have now placed it on the central bank’s Balance Sheet.
So we would conclude that the government has ensured central bank gold purchasing must continue.
Russia’s Central bank holdings are in excess of 20 million troy ounces (January 2010)
(click to enlarge)
Russia’s Central Bank reserves have increased markedly in recent years.
The RCB reported in May 2010 purchasing 34.2 tons of gold in a single month.
The diagram below shows a significant increase in monthly purchases by the the RCB since June 2009.
(click on chart to enlarge)
Central Banks in the Middle East are also building up their gold reserves, while reducing their dollar forex holding.
Gold reserves of GCC states is less than 5 percent:
Dubai International Financial Centre Authority economists released a report yesterday calling for local countries to build gold reserves, according to The National.
Despite a high interest in gold, GCC states maintain less than 5 percent of their total reserves in gold. Compared to the ECB, which holds 25 percent of reserves in gold, that leaves a lot of room for growth.
GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA).
Diversifying more of their reserves from US dollars to the yellow metal would help to offer central banks in the region higher investment returns, said Dr Nasser Saidi, the chief economist of DIFCA, and Dr Fabio Scacciavillani, the director of macroeconomics and statistics at the authority.
“When you have a great deal of economic uncertainty, going into paper assets, whatever they may be – stocks, bonds, other types of equity – is not attractive,” said Dr Saidi. “That makes gold more attractive.”
Declines in the dollar during recent months have dented the value of GCC oil revenues, which are predominantly weighted in the greenback.
According to a report in People`s Daily;
The latest rankings of gold reserves show that, as of mid-December, the United States remains [Need To Audit Fort Knox] the top country and the Chinese mainland is ranked sixth with 1,054 tons of reserves, the World Gold Council announced recently.
Russia climbed to eighth place because its gold reserves increased by 167.5 tons since December 2009. The top ten in 2010 remains the same compared to the rankings of the same period of last year. And Saudi Arabia squeezed to the top 20.
Developing countries and regions, including Saudi Arabia and South Africa, have become the main force driving the gold reserve increase. … . BRICS to further economic interests of Saudi Arabia
The International Monetary Fund (IMF) and the European central bank are the major gold sellers, and the IMF’s gold reserves decreased by 158.6 tons. (China’s gold reserves rank 6th worldwide – People’s Daily Online
It should be understood that actual purchases of physical gold are not the only factor in explaining the movement of gold prices. The gold market is marked by organized speculation by large scale financial institutions.
The gold market is characterised by numerous paper instruments, gold index funds, gold certificates, OTC gold derivatives (including options, swaps and forwards), which play a strong role, particularly in short-term movement of gold prices.
The recent increase and subsequent decline of gold prices are the result of manipulation by powerful financial actors.