As regular consumers of alternative media have likely noticed, China's voracious appetite for gold has been reported on ad nauseam in the wake of the 2008 Depression.
Endless geopolitical and economic analysts have mused about the implications of Chinese gold accumulation, with most concluding (perhaps prematurely) that some form of gold-backed Yuan is on the horizon.
Some extend this scenario further, optimistically declaring that the BRICS NDB (New Development Bank) and AIIB (Asian Infrastructure Investment Bank), led by China, will usher in a "New Golden Era" of progress and prosperity, spelling the end of the Western model of Central Banking tyranny.
The reason for this transfer of precious metals from West to East by the Anglo-American Establishment, these pundits prognosticate, is a simple and tragic combination of incompetence and malfeasance.
The aged and corrupt West must end, and in the wake of its destruction, the Phoenix of the East must rise.
To begin answering these questions, we must analyze the history of the London Bullion Market Association (LBMA) and the ignominious "Precious Metals Fix" that makes it all possible.
The (Global) Fix Is In
In 2010, the alternative finance community was set ablaze by the revelations of bullion trader turned whistleblower Andrew MacGuire, contending that JPMorgan and HSBC, operating as agents for the Federal Reserve, had suppressed the price of precious metals in an effort to silence the "Canary in the Coal Mine" amidst unprecedented money printing.
By using managed selloffs via algorithmic trading bots, bullion banks drove down the price of "electronic/paper" metals certificates at the COMEX, effectively capping their price and ultimately driving them down to new 5-year lows.
The Commodities Futures Trading Commission (CFTC) deemed MacGuire's claims credible enough to warrant further investigation.
Led by Bart Chilton, the CFTC's probe into silver price manipulation ended in September of 2013 with the stunning declaration that no illegal activity had occurred:
What many fail to realize is that the CFTC's conclusion is technically correct. JPMorgan and HSBC were not acting in violation of any legal structure.
They were, in fact, merely implementing the dictates of the long-standing LBMA Metals Fix:
The LBMA's early history,
as recounted by themselves
Already we can identify the hand of the Anglo-American Establishment at work by way of the East India Company.
The LBMA's commentary on the nearly global "Silver Standard" of the 17th and 18th Century is not without consequence; the British Empire's domination of the gold market of the era made subjugation of nations like China and India, rich in silver wealth, notoriously difficult to colonize.
The Opium Wars changed this nearly overnight.
Beyond the engineered addiction and mercantile foothold the opium trade gave the East India Company in China, it also made way for the wholesale looting of China's silver wealth:
With China gutted of her material wealth, the Chinese silver standard came to an end in November of 1935, a mere decade before the implementation of the first truly "Global Gold Standard," the Bretton Woods agreement.
The path was set for a worldwide metals price-fixing mechanism, and the LBMA was more than happy to provide. Front-running the Bretton Woods agreement by decades, the LBMA's own gold fix - run by N.M. Rothschild - was officially established in 1919:
By the LBMA's own admission, the Rothschilds maintain this price fixing mechanism to the present, and seemingly, the sole beneficiary of their recent price suppressing actions is none other than China, the very country looted of monetary metals a century ago.
Is this a rare act of benevolence from the Rothschild family, or do they have big plans for the East's newfound wealth in the coming World Order?
The writings of the British analogue to the Council on Foreign Relations, Chatham House, seems to suggest the latter.
Chatham House Rule and the Gold-Backed SDR
Established in the wake of World War I at the Paris Peace Conference, the Royal Institute of International Affairs was created.
Its headquarters, Chatham House, have become the RIIA's colloquial moniker.
As what many would contend is the world's premier "Think Tank," Chatham House has been far from bashful in exploring a wide range of topics, and in the wake of the "Great Recession," gold and the IMF's "Special Drawing Rights" (SDRs) have been chief among them.
While national Central Bankers like Ben Bernanke have been vocal in their opposition towards a remonetization of gold, the supranational level represented by groups like,
...have been far more accommodating towards the idea of a return to a "partial gold standard."
Chatham House has gone so far as to create the "Chatham House Gold Taskforce" designed explicitly to examine gold's role in a "multipolar World Order."
This task force has yielded a number of fascinating forecasts.
Take, for example, these 2011 comments by Lord Meghnad Desai, the Indian-born, British-naturalized member of the House of Lords and Chatham House member in a paper entitled, "Gold, the SDR, and Other Matters."
Far from challenging gold's role as a monetary metal, Chatham House is recommending the exact opposite:
All this coming from a man who is a Professor at the Keynesian London School of Economics, lecturing chiefly on econometrics and Marxian Economics.
Quite the curious blend of ideology, no?
Desai's commentary is far from the only (seemingly) pro-precious metal rhetoric born of the "Chatham House Gold Taskforce."
Also included in the report were the writings of one Catherine Schneck of the University of Glasgow, entitled, "Adding Gold to the Valuation of the SDR," directly echoing Baron Desai's recommendation:
Schneck, perhaps directly referring to Chinese gold acquisition, makes specific note of the RMB's current exclusion from the SDR in the paper's introduction.
The inclusion of the RMB in the article also seems to imply that "reducing the USD weighting" as called for in bullet point 3 could indeed be "in favor" of the RMB in the future, overtly stating that the Euro, Pound, and Yen are unfit for the task:
Schneck concludes her paper by recommending potential avenues to "mitigate possible obstacles" in implementing a gold-backed SDR.
Manifestations of Globalist "monetary magic" could include:
Allowing the IMF to issue more SDRs than they have gold hearkens back to the era of bank-issued Gold Certificates and their eventual monetary debasement; not a new scheme by any means.
Nor are "residual" gold claims, which were commonplace during the Bretton Woods era.
The last statement, "not include any right to sell SDR for gold," would effectively ensure that gold could never be redeemed by "citizens" from banks, assuring gold coinage would never actually circulate.
A pseudo-gold standard if there ever was one.
The Chatham House Gold Taskforce's premier publication, "Gold and the International Monetary System," maintains the more typical Newspeak of Globalist documents with its somewhat reserved analysis; its most revealing passages, however, greatly reinforce the thesis already outlined herein.
The document reiterates the "rising China" narrative, noting that China's recent advancements in the form of the recently-launched Shanghai Gold and Silver Exchange are a "small step" in subverting the dollar as the World Reserve Currency:
Ultimately, the Chatham House Gold Taskforce concludes that, while the RMB is a strong contender for reserve currency status, it still lacks one major prerequisite for the role - Inclusion in the IMF's SDR basket:
Chatham House also seems to advocate a digital, cryptographic version of gold as opposed to physical notes.
Perhaps as a direct response to the rise of cryptocurrencies like Bitcoin and BitGold, perhaps as the implementation of a "One World" digital currency as foretold by Nicholas Rockefeller, Chatham House devotes an entire section of its policy paper examining "digital gold."
Regardless of the manner by which China's reunion with precious metals has manifested, however, this Globalist plot coming to fruition is still dependent upon Chinese participation.
Enter stage East.
Crouching PBOC, Hidden Bank of International Settlements
Meet the latest actor in our twisted drama, Zhou Xiaochuan:
A Globalist by any objective metric, Xiachuan is the head honcho at the People's Bank of China, effectively the Janet Yellen of Eastasia.
Readers, look into the eyes of this man. If anyone were to lead the world's return to "sound money," a BRICS without usury, and a gold-backed Yuan utopia of gold-plated puppies and kittens, by necessity, it would have to be China's most powerful Central Banker.
Think he can pull it off?
Unfortunately for those still steeped in the millieu of the "BRICS Saviour Paradigm," I don't think he particularly wants to.
He probably never has, as long before Xiaochuan began China's purchase of Rothschild "fire sale" gold via the LBMA, he joined the Board of Directors of the Bank of International Settlements.
For readers not yet aware of the specific role the BIS has to play in the "Rings Within Rings" structure of the Anglo-American Establishment, it is referred to by Georgetown Professor, Globalist insider, and whistleblower Carroll Quigley as the "apex" of the "powers of financial capitalism":
It is to this "apex" which Xiaochuan counts himself as a proud member of, and it is via this "apex" which he published his official position on Chinese precious metals, the future of the Yuan, and the SDR.
The title of this BIS paper...? "Reform The International Monetary System," and its vision for the future is virtually identical to that of Chatham House and the Anglo-American Establishment.
Xiaochuan makes mention of the Silver and Gold Standards of the past, right before discussing the "creative reform" necessary to save the global monetary system
If the Yuan is to become a gold-backed currency (let alone the World Reserve Currency), it will not be accomplished by the desires of the People's Bank of China.
It is not the RMB that Xiaochuan applies these grandiose aspirations to, but the IMF and its Special Drawing Right:
The PBOC's recommendation for the SDR as a supra-national reserve currency
Presumably, a world in which the SDR is a "super-sovereign reserve currency" would also include the Yuan in the SDR currency basket. At least, it will if Xiaochuan and Chatham House have anything to say about it.
And of all those shiny kilo bars of gold and silver recently re-homed to Shanghai?
Zhou would have them priced in SDRs in international trade. It seems the PBOC would see the Shanghai Gold Exchange as a mere clearing house as opposed to a physical exchange devoted to pricing outside the LBMA fix.
Xiaochuan's damning statements as head of the PBOC and BIS Board Member are not his first documented foray into international financial debauchery. Precious metals researcher and forensic historian Charles Savoie contends that Zhou Xiaochuan had participated in the wholesale liquidation of "paper" silver contracts at the behest of the LBMA at the turn of the Century.
If true, this would have effectively lowered the price of silver from 2000-2004 in favor of the COMEX pricing mechanism.
The Gold Anti-Trust Action Committee (GATA) pressed the LBMA on potential silver price manipulation via Chinese silver liquidation, much to the chagrin of Jeffrey Christian of the CPM Group, who referred to China's paper silver dumping as a "myth."
Bear in mind, this is a full four years before the BRICs even existed.
What incredible foresight the analysts at Goldman have! Or perhaps it's insider knowledge? Maybe even assistance in drafting the BRICs "vision?"
Whatever the case, it is to this "BRICS Dream," the dream of Goldman Sachs, that the United Nations Conference on Trade and Development make reference to when calling on the BRICS Bank to fund "sustainable development" projects throughout Asia:
Some, when faced with the evidence of widespread collusion between financial Elites of West and East, paraphrase a passage of Sun Tsu's The Art of War,
...and perhaps this is indeed the ultimate goal of the People's Bank of China.
But an equally prescient American saying also comes to mind:
Has the fog before the eyes of Free Humanity begun to dissipate?
Hopefully enough to realize that the BRICS "anti-hegemon" are no friends of human autonomy.
In viewing the BRICS NDB's recent appointments to upper management, the organization's participants are barely distinguishable from World Bank and IMF rosters, and while the controlled demolition of China's financial crisis just begins to emerge, so, too, will the pre-arranged monetary "solution" to the woes it shall create, as outlined throughout this article.
An end to the "Debt and Death" paradigm will not come from national, supranational, or hierarchical structures, but from those seeking Freedom themselves:
Modern pioneers in liberty are already making great strides in these and many other fields, and it is from these men and women which hope springs eternal.
Not Zhou Xiaochuan's Globalist gold horde and whatever "New World" monetary paradigm will be foist upon us in the wake of the next financial crisis...