Top secret files have been opened which show that Margaret Thatcher and Ronald Reagan did not always get on well. The documents from 1983 also give an insight into how Queen Elizabeth was preparing for World War III at the height of the Cold War.Al Jazeera's Phil Lavelle reports from London.
Thursday, August 1, 2013
Bank Of England Helped Sell Looted Nazi Gold 30/7/2013
The BoE helped the Nazis sell looted Czechoslovakian gold-the German government must compensate Czech government.
Archived material released by the BoE details how the gold bars were sold on behalf of Germany's central bank, the Reichsbank, in 1939, after being seized in the Nazi invasion.
This is despite the fact that British government had frozen all Czech assets being held in London at the time.
In the report, written in 1950, the BoE admitted that at the outbreak of the Second World War "and for some time afterwards" the incident involving the Czech gold "still rankled" and was "widely misunderstood."
Officials wrote: "Outside the Bank and the Government the Bank's position has probably never been thoroughly appreciated and their action at the time was widely misunderstood."
They describe how a request was made in March 1939 to transfer gold, then worth £5.6m, from a Czech National Bank account at the Bank for International Settlements (BIS) to a Reichsbank account they also held.
Some £4m of the gold went to banks in Belgium and Holland, with the rest sold in London.
The BoE documents, never published before yesterday, reveals that the then chancellor Sir John Simon had asked the governor of the bank at the time, Montagu Norman, if they were holding any of the Czech gold in May 1939.
It continued: "The Governor in his reply (30th May) did not answer the question, but pointed out that the Bank held gold from time to time for the BIS and had no knowledge whether it was their own property or that of their customers.
"Hence, they could not say whether the gold was held for the National Bank of Czechoslovakia."
A further transaction was made that June -- despite concerns from Sir John being raised.
On that occasion, there were sales of gold to the value of £440,000 and a £420,000 shipment to New York.
"This time, before acting, the Bank of England referred the matter to the Chancellor, who said that he would like the opinion of the Law Officers of the Crown.
http://www.madavar.com/bank-of-englan...
Archived material released by the BoE details how the gold bars were sold on behalf of Germany's central bank, the Reichsbank, in 1939, after being seized in the Nazi invasion.
This is despite the fact that British government had frozen all Czech assets being held in London at the time.
In the report, written in 1950, the BoE admitted that at the outbreak of the Second World War "and for some time afterwards" the incident involving the Czech gold "still rankled" and was "widely misunderstood."
Officials wrote: "Outside the Bank and the Government the Bank's position has probably never been thoroughly appreciated and their action at the time was widely misunderstood."
They describe how a request was made in March 1939 to transfer gold, then worth £5.6m, from a Czech National Bank account at the Bank for International Settlements (BIS) to a Reichsbank account they also held.
Some £4m of the gold went to banks in Belgium and Holland, with the rest sold in London.
The BoE documents, never published before yesterday, reveals that the then chancellor Sir John Simon had asked the governor of the bank at the time, Montagu Norman, if they were holding any of the Czech gold in May 1939.
It continued: "The Governor in his reply (30th May) did not answer the question, but pointed out that the Bank held gold from time to time for the BIS and had no knowledge whether it was their own property or that of their customers.
"Hence, they could not say whether the gold was held for the National Bank of Czechoslovakia."
A further transaction was made that June -- despite concerns from Sir John being raised.
On that occasion, there were sales of gold to the value of £440,000 and a £420,000 shipment to New York.
"This time, before acting, the Bank of England referred the matter to the Chancellor, who said that he would like the opinion of the Law Officers of the Crown.
http://www.madavar.com/bank-of-englan...
Michael Savage - Hollywood Corruption, Student Loans, Work Ethic, and More - Full Show - 7/31/13
July 31, 2013 - Michael Savage - The Savage Nation - Hollywood Corruption, Student Loans, Work Ethics, and More Current Events - Full Show
Michael Savage is an American radio host, author and political commentator. He is the host of The Savage Nation, a nationally syndicated talk show that aired on Talk Radio Network across the United States. Wikipedia
Michael Savage is an American radio host, author and political commentator. He is the host of The Savage Nation, a nationally syndicated talk show that aired on Talk Radio Network across the United States. Wikipedia
Gerald Celente Trends Blog - Gold Prices and the Economy - Goldseek Radio - July 26, 2013
Gerald Celente - Gold prices and the economy - Goldseek Radio - July 26, 2013
Trends Expert Gerald Celente is also known as Dr Doom and the Nostradamus of Modern Times , Gerald Celente is regarded as one of the foremost trend predictors in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente." Gerald Celente has spent thirty years identifying, analysing and tracking the global trends that shape our future. As Director of the Trends Research Institute, Gerald is trusted by many large corporations to produce the most accurate, timely and comprehensive forecasts. Whether as a keynote speaker or a media pundit, he provides audiences with real world trends they can act upon.Gerald is the only analyst to cover over 300 diversified trends fields. On topics as diverse as consumer goods, health, food, entertainment, education, retail, technology, science, energy and trade, his keynote speeches analyse all the global trends. Major corporations, governments, and businesses around the world have benefited from Gerald's depth of knowledge and expertise. His speech on the subject of innovation inspires and energises audiences and demonstrates that, when you 'Think for Yourself', innovation and success are the natural by-products.Gerald also customises keynotes to fit a client's specific area of activity. He confers with them to identify their interests and concerns, then thoroughly researches the field using the resources of The Trends Research Institute. This information is analysed to assess the likely impact of emerging trends and to develop proactive recommendations on how to profit from change. The resulting bespoke presentation zeroes in on hidden opportunities and gives the audience an abundance of practical, usable trend information that they can put to good use.
Trends Expert Gerald Celente is also known as Dr Doom and the Nostradamus of Modern Times , Gerald Celente is regarded as one of the foremost trend predictors in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente." Gerald Celente has spent thirty years identifying, analysing and tracking the global trends that shape our future. As Director of the Trends Research Institute, Gerald is trusted by many large corporations to produce the most accurate, timely and comprehensive forecasts. Whether as a keynote speaker or a media pundit, he provides audiences with real world trends they can act upon.Gerald is the only analyst to cover over 300 diversified trends fields. On topics as diverse as consumer goods, health, food, entertainment, education, retail, technology, science, energy and trade, his keynote speeches analyse all the global trends. Major corporations, governments, and businesses around the world have benefited from Gerald's depth of knowledge and expertise. His speech on the subject of innovation inspires and energises audiences and demonstrates that, when you 'Think for Yourself', innovation and success are the natural by-products.Gerald also customises keynotes to fit a client's specific area of activity. He confers with them to identify their interests and concerns, then thoroughly researches the field using the resources of The Trends Research Institute. This information is analysed to assess the likely impact of emerging trends and to develop proactive recommendations on how to profit from change. The resulting bespoke presentation zeroes in on hidden opportunities and gives the audience an abundance of practical, usable trend information that they can put to good use.
Who Will Be The Next Fed President? - Larry Summers vs Janet Yellen
Larry Summers, working under the Clinton administration, pushed for a bill that would deregulate the banks. He also pushed a bill through congress which effectively took away glass steagall, allowing investment banks "gamble" with depositors money. Both of these events largely played a roll in the gigantic crash of '08 and the financial recession. Whether or not Mr. Summers will succeed in becoming the next chair of the Fed is still unknown, however it is safe to say that he will continue the path that Mr. Bernanke has set us on. I don't think Mr. Summers will end up being Obama's nominee because of the bad press that would result from this move. The other candidate seems much more in tune with Bernanke's so called "recovery path."
Subscribe to:
Posts (Atom)