Skip to comments.Vice Chairman Of Germany's CDU Party Demands Gold As Collateral From European Bailout Recipients
Posted on 08/23/2011 10:58:14 AM PDT by Nachum
Yesterday we had the Bundesbank making a very strong case for why a pan-European bailout (funded by Germany), would need a "fundamental change of regime occurs involving an extensive surrender of national fiscal sovereignty" (beneficial for Germany), today we see the next and final stage of the proposed annexation of Europe by Germany - that which focuses on procuring that which is really important. Hint: not spam. From Spiegel: "Minister Ursula von der Leyen pushes the hard line: any financial aid for euro countries should only come against collateral - as gold reserves or industrial holdings." More google-translated conditionality: "The CDU politician wants to ensure future aid allocations from the rescue fund through extensive security of the country. The ARD Berlin Studios said the minister, who is also vice-chairman of the CDU party, many of these countries had large reserves of gold and industrial holdings, which they could use for such collateral." And now we know the next steps: i) Eurobonds will come after there is a change to the European constitution which make Germany supreme ruler, and ii) at that point Germany will have all the gold in Europe pledging its bailout. Yes, gold.... not spam.
(Excerpt) Read more at zerohedge.com ...
The power of gold
The German guy knows full well that the bailout money went to buy GOLD bars which were stored in the LIBYAN NATIONAL BANK.
That is why the ‘coalition’ went in and attacked Ghaddaffi.
Ghaddafi’s wife was caught trying to leave the country with a cargo hold of gold bars. One must ask, was this the first plane of gold flying out, or the last?
Politicians and power brokers (and corporations like CITIBANK) were stashing their wealth away hidden from the public, in Libya. Coincidentally, the same countries these people were from are the same ones who were in the COALITION with NATO to attack Ghaddafi.
Until they get him to ‘offificially’ turn over his ‘position’, he legally is in control of the gold. That is why you saw so many articles yesterday about them ‘removing Ghaddafi from power’.
Why did the rebels, after they first chased Ghaddafi out of town, create a NEW BANK, instead of a NEW GOVERNMENT
The world’s ruling elite see the upcoming crash of the world’s largest nations. So, they are hiding away their wealth in a form that won’t lose value.
It’s not about Ghaddafi, or about the rebels, or about the Muslims, or about saving lives.
IT’S ALL ABOUT THE MONEY. It always is.
Assuming no one will believe me, I offer further proof.
Libya holding huge gold reserves IMF data shows (Wheres the gold?)