Saturday, August 10, 2013

Mr King Had 300 Tons Of Gold. After Selling 1,350 Tons, He Still Had 300 Tons Of Gold


The following are a few examples of the New Math as practiced by the banking elite.

Mervyn King was until just recently the Governor of the Bank of England. In April he sold 1,350 metric tons of gold to drive down the price of gold. But after selling all of that gold, he still had 300 tons of gold. How was this possible? He sold gold on deposit from foreign countries and from bullion banks. A bullion bank can lease gold from the Bank of England or the Federal Reserve and sell it 3, 4 or even 5 times. Of course if the price of gold goes up, then they are technically obligated to replace the gold which is why they needed to drive the price down .... http://www.fromthetrenchesworldreport.com