Koos Jansen
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Koos Jansen
Posted on 3 Mar 2015 by

Where Did The Gold In Fort Knox Come From? Part One

In contrast to what is widely assumed, the gold in Fort Knox has not mainly been supplied by gold coins in circulation in the United States before the Great Gold Confiscation by President Roosevelt in 1933.

Whilst me and Mr. Manly are researching how much gold is left in the vaults in the United States – at the Federal Reserve Bank of New York (FRBNY) and at Fort Knox – I thought it would be useful to examine historic US mining, minting, refining and gold trade data as far back as possible. Through historic USGS Mineral Yearbooks, Federal Reserve Bulletins and US Mint Annual Reports I was able to find detailed information. Additionally I used the books Currency Wars, The London Good Delivery List 1750-2010 and War On Gold for references. Our investigation starts before World War II. 

The Gold Standard

United States suspends gold standard-On April 19, 1933, closely following the bank holiday, March 6-13, for the second time in its history the United States was off the gold standard. Although Great Britain, followed by many other countries, was off the gold standard in September 1931 …

To get a better understanding of the monetary era we’re investigating it’s important to understand there are many varieties of the gold standard. For example, a gold coin standard, the classic gold standard, the gold exchange standard and Bretton Woods. Without exception it’s a monetary system whereby, at least a part, of the money supply is backed by gold at a fixed price; the monetary unit is tied to a certain weight of gold. Countries participating maintain these fixed prices by being willing to buy or sell gold to anyone at that price.

What was the weight in gold of one US dollar before World War II?

The act of February 12, 1873, provided that the unit of value of the United States should be the gold dollar of the standard weight of 25.8 grains and that there should be coined besides the following gold coins: A quarter eagle (2.5-dollar piece), a 3-dollar piece, a half eagle (5-dollar piece), an eagle (IO-dollar piece), and a double eagle (20-dollar piece) all of standard weight proportional to that of the dollar piece.

In 1932 the price of gold in the US was still fixed at $20.67. In the next screen shot from the USGS Mineral Yearbook we can see the historic data of the gold price in the US since 1792 and the value denominated in the $10 gold eagle coin.

Screen Shot 2015-02-27 at 11.16.46 AM

The $10 eagle coin was 90 % (900 fine) pure gold, in total it contained 258 grains of which 232.2 fine grains of gold, each fine grain had a fixed parity to the dollar at $0.04306632 ($20.67183463 per fine troy ounce).

232.2 * 0.04306632 = $10

The $10 eagle weighed in total 0.5375 troy ounce, of which 0.48375 troy ounce was fine gold.

$10 / 20.67 = 0.48375

0.48375 / 0.9 = 0.5375

Eagle USA 1932 Coin $10
US $10 gold eagle, 1932. Total weight 0.5375 troy ounce, 900 fine.

The Great Depression in the US started on October 28, 1929, Black Monday, when the Dow Jones Industrial Average fell 12.8 % in one day. When Franklin Delano Roosevelt (FDR) became President on March 4, 1933, his ambition was to boost the economy by devaluing the dollar against gold – raise the price of gold. But, was that possible when gold coins with a fixed price engraved on it circulated in the economy? No. This is why FDR ordered all American citizens to sell all their gold coins and bullion, through Executive Order 6102, to the Federal Reserve in exchange for $20.67 paper dollars per ounce.

When all gold from the American people was tricked out FDR could raise the price of gold; the US proceeded to purchase gold in the open market in October 1933, steadily devaluing the dollar against gold.

Screen Shot 2015-02-27 at 6.48.24 PM

By February 1, 1934, the price of gold had reached $35 per ounce. In four months the dollar was devalued by a staggering 70 %. Although the citizenry was prohibited from owning gold since 1933, the dollar price of gold was still fixed and foreign central banks could still exchange dollars for gold at the US Treasury; from an international perspective the US remained on the gold exchange standard that was implemented after World War I.

US Official Gold Reserves

There is a well-known document from the World Gold Council (WGC) that discloses the historical official gold reserves of all major economies in the world; based on the numbers from this document I previously made the following chart.

US Official Gold Reserves
Note the first part of the X-axis is segmented in 5-year intervals. From 1950 the data is plotted yearly.

From additional sources I previously assumed most of the US official gold reserves build-up after 1933 was sourced from gold in the US domestic market. I’ve read many analyzes on how all the gold coins (900 fine) were taken out of circulation, melted into coin bars (900 fine) and transported to Fort Knox. The book War On Gold by Antony C. Sutton, published in 1977, discloses the unaudited reserves held by the US Mint on November 30, 1973.

Screen Shot 2015-02-27 at 6.05.22 PM

Supposedly 80.7 % of the gold stored by the US Mint (7,946 tonnes) at the time were coin bars, at 6,412 tonnes.

Without a doubt most coins (and bullion) privately owned in 1933 in the US were confiscated and melted into coin bars to be added to the Federal Reserve’s Stash, which in 1934 flipped ownership to the US Treasury. But, how many coins were confiscated? And where exactly did the 13,041 tonnes added to official reserves in between 1933 to 1940 come from?

Coins In Circulation Before 1933

How many gold coins circulated within US borders before 1933? Probably impossible to say exactly, but we can make an estimate.

The US mint was founded in 1792, form the Annual Report Of The Director Of The Mint (page 103) for the fiscal year that ended June 30, 1932, we can read roughly 6,700 tonnes of gold were minted into coins since its inception.

Screen Shot 2015-03-02 at 11.40.48 AM

We must consider not all these coins remained in existence; as the economy developed coins were melted into bars, to be stored at banks in return for dollar bills, or they got worn out and re-melted at the Mint. Additionally, we must consider trade; US coins were exported and imported – as well as foreign coins (foreign coins that came into possession of the US government were melted into bullion).

Calculating how many coins were re-melted, refined into bullion, exported or lost would be a very time consuming task, luckily the US Mint has done this for us. Periodically it used to make estimates of the value of gold coins present within US continental borders.

From the 1932 Annual Report (page 62):

Stock of domestic coin.-Consists of an estimate made in 1873 of gold and silver coin, the former of which was revised in 1907, with annual addition of new coinage and reported imports, and deduction of withdrawn coin, reported exports, and an estimate for industrial use; since 1928 the additional factor of old coin “earmarked” or set aside for foreign owners, has been considered, such transactions being equivalent to exports and releases thereof being equivalent to imports.… The monetary stock tables for a series of years have been revised back to the establishing of the Federal Reserve System (1914) to include earmarked gold,… The item of coin withdrawn as used in the stock compilation omits the coin received for recoinage but not yet reviewed, which coin is subject to classification adjustments.

That sounds like a fair estimate. So how much is it? From page 111:

Screen Shot 2015-03-01 at 11.11.21 PM

The total was worth $1,671,608,689, which equals to 2,515 tonnes of gold coin (900 fine) within the US at December 31, 1931.

My assumption is that this total was held in people’s wallets, homes or at banks as deposits. In the Mineral Yearbook 1931 we can see how much gold in the form of coins was held by banks (and the government):

Screen Shot 2015-02-27 at 11.14.47 AMThe first thing we notice in the above table is that all Coin and Bullion categories summed up do not equal Total stock of gold in 1931. For other years the categories do add up, perhaps there is a category not disclosed in the 1931 line. Processing the numbers we have gives:

Total Coins at US banks and the government in 1931 = 976,900,000 + 286,082,000 + 12,973,000 + 395,653,000 = $1,263,391,000

Total Bullion at US banks and the government in 1931 = 2,580,803,000 + 207,688,000 = $2,788,491,000

At a value of $20.67 an ounce:

Coins: 1,901 fine tonnes (presumably 900 fine)

Bullion 4,196 fine tonnes (presumably 900 or 995 fine)

The US Mint estimated that 2,515 tonnes of coins were in existence in the US, of which, apparently, 1,901 tonnes were held at banks and the government. Supposedly the difference, 614 tonnes, made US official gold reserves jump 13,041 tonnes – from 6,505 tonnes in 1933 to 19,546 tonnes in 1940. Obviously this is not possible.

Strikingly, in another table from the US Mint Annual Report (page 113) it’s disclosed $408,626,457 in Gold coin and bullion was in circulation, which equals to 614 tonnes.  

Screen Shot 2015-03-02 at 5.43.59 PM

Please note to what degree coins were used in the economy at that time. In The London Good Delivery List 1750-2010, by Timothy Green, it’s stated:

In 1919 the (fixing) price was now quoted for 400-ounce / 995 Good Delivery bars, rather than the traditional 916 standard coin bars which rapidly became extinct as minting of coin virtually ceased… In 1929 the Wall Street crash ushered in financial and economic instability, reflected by large international movements of gold coin, melted coin bars and bars of uncertain provenance. All had to be refined to Good Delivery status 

The London Gold market made a clear shift in 1919 to higher purity bars (995), as minting of coin virtually ceased. Though, coin bars were accepted until 1954; Good Delivery bullion could be either 899 – 901, 915.5 – 917 or 995 fine until 1954.

More confirmation the use of gold coins dropped long before 1933 we can read in the Federal Reserve Bulletin, published December 1, 1917:

DECEMBER 1, 1917. FEDERAL RESERVE BULLETIN.

Following is a circular letter issued on November 21 by the Federal Reserve Bank of Philadelphia:

To the banking institution addressed:

For your information your attention is again directed to a letter on the use of coin-counting machines, issued by the Federal Reserve Board some time ago, but which is especially appropriate at this time, reading as follows:

The use of gold coin in machines for counting money has proved that there is quite a serious abrasion of the coin. This draws attention to the fact that in our country, as well as in Europe, the use of gold coin as currency in the hands of the people is disappearing. The public does not want to carry gold coin, and its use leads to rapid abrasion and consequent loss of value. In the United States it may be truly said that as a practical matter coined gold is only used as security behind gold certificates, or for foreign exchange purposes, where nothing else can be used in adjusting international balances.

Not that many gold coins circulated in the American economy before 1933 and it’s impossible these have filled Fort Knox after the Great Confiscation. Why is this the story many experts have told us about Fort Knox?

US Historic Gold Import And Mine Output

The incredible surge in US official gold reserves after 1933 was mainly sourced from imports.

Screen Shot 2015-02-26 at 12.50.02 PM

From historical USGS Mineral Yearbooks and Federal Reserve Bulletins I’ve collected all trade data and plotted a chart starting in 1932 – because before 1932 no substantial net flows occurred.

US gold trade 1932 - 2014

When the US dollar price of gold was raised to $35 this triggered a huge flow of gold from Europe that hit the shores of the United States. From The London Good Delivery List 1750-2010:

In 1934 United States Assay Office was instructed to buy at that price [$35] all gold offered. “A flow gold commenced … which quickly reached flood proportions,” Samuel Montagu’s Annual Bullion letter commented. “Never before has such a huge movement of gold taken place in so short a time.… Accommodation of all mail steamers was booked well ahead and many other vessels than the regular liners were pressed into service as bullion carriers …. The US Treasury officials were overwhelmed by the inrush and at first there was considerable delay in making settlement for gold tendered.” Montagu estimated that at one moment almost 1,866 tonnes was on hold in London in private holdings, by the government or individual accounts. The mélange of bar markings added to the problem.

… given the flows across the Atlantic in pursuit of $35 (which Fort Knox in Kentucky was soon being build to house). The central banks of France, the Netherlands, Switzerland and Italy sold over 2,000 tonnes before the end of 1936.  

In 1939 a limited gold trade was tightly regulated by the bank of England. Gold flows continued to the US as European central banks were forced to sell their shrinking stock.

United States Gold Trade vs Official Gold Reserves

The correlation between the red and the blue line means most of the US official gold reserves were added through imports. All gold imported went straight to the Treasury, as well as US mining output, which had more than doubled from 71 tonnes in 1933 to 151 tonnes in 1940. Mining exploded after 1933 as one troy ounce’s purchasing power was increased by 70 %.

The USGS Mineral Yearbooks continued to disclose monetary gold export until 1978:

Screen Shot 2015-03-03 at 3.02.13 PM

As we can see the US was still exporting gold from its official reserves in 1977. I wonder why they stopped publishing monetary export data in 1978? From 1978 to 2013 the US has net exported 4,660 tonnes in non-monetary gold.

What I’m mostly after is what kind of bullion was exactly imported since 1934, coin bars or 995 bars, as we know now the gold in Fort Knox hasn’t been supplied by US coins in circulation before 1933, though the Fort Knox bar list shows most of the gold is 900 fine.

Where US official gold reserves exactly came from and what types of bars were supplied will be examined in part two!

Koos Jansen
E-mail Koos Jansen on:

  • concerndcitizen

    “When Franklin Delano Roosevelt (FDR) became President on March 4, 1933, his ambition was to boost the economy by devaluing the dollar against gold – raise the price of gold. But, was that possible when gold coins with a fixed price engraved on it circulated in the economy? No. This is why FDR ordered all American citizens to sell all their gold coins and bullion, through Executive Order 6102, to the Federal Reserve in exchange for $20.67 paper dollars per ounce.”

    That wasn’t the real reason for the gold confiscation, it was actually a bank bail out of the Federal Reserve, which had been printing money with abandon during the 1920’s. Prior to the 1933 confiscation, 53,000 tonnes worth of gold certificates had been issued, but only 6,000 tonnes of gold were in the vault. When banks started rolling over due to mal-investment / bad loans, they became insolvent and depositors wanted their gold, not paper gold certificates. With insufficient gold in existence, this money printing scheme would have been exposed unless there was a “game changer”, hence the complete reset for gold via confiscation. Of course, the bankers and politicians safely moved their gold outside the US, resulting in an immediate over 60% profit, measured in dollars. More details here:

    https://goldbits.com/news/first-u-s-bank-bail-in-was-1933s-gold-confiscation.html

    • ICFubar

      great link….thanks

  • j christensen

    there is also a lot of gold at the West Point depository, way more than is used to mint current coins.

    • GoldHawk

      Have you seen it?

      • http://Caseresearch.com silverthumb

        Good point. I would personally bet that China has more gold than the US. It’s a one way street for gold in China and India.
        The Fed is violently opposed to an audit. As an American, I feel that the US gold reserve is our gold, and we have a right to know how little the US has left. What are Yellen and company afraid of?

        • THS_Warrior

          FYI: The Federal Reserve has neither legal nor actual control over the Treasury of The United States of America.

          • ed6305

            Under Obama, the idea of any agency being accountable, or under any accountability or control is a joke! The word “legal” or “Constitution” is meaningless. The only thing that applies is what Obama says!
            Until he is out-of-office, we live in a lawless society without leadership, morality, Integrity and fiscal responsibility.
            The Americans who will end-up paying for the Bill for Obama’s fiscally irresponsible policies & program and his social-justice agenda will be the poor and middle class Americans.
            When Obama leaves Office and the Republican’s take over the White House and maintain control of the House & Senate. At that point, Imagine being a member of the entitlement and freebies mentality, without an education and virtually unemployable. What are your options? Obama would probably recommend you call ISIS for a job!

          • 094870

            He will be leaving office AND this country very soon. You can count on thart.

          • ed6305

            The day he leaves will be a day of celebration and the beginning of a brighter future. Hopefully, America can be returned to it’s greatness! And, all the hatred and divisiveness caused by Obama’s Marxist ideology will be removed with Obama’s departure. Obama has been interviewing for the Presidency of Iran and Commander-in-Chief of ISIS. Unfortunately, even these countries have high standards, and they behead cowards who are afraid to profess and practice their Muslim faith, openly!

          • Guest

            His term ends at the end of 2016. So you are correct that he will be leaving office very soon, assuming very soon means about 21 months or so.
            I believe he has purchased a home in Hawaii to live in after his term ends. As far as I know Hawaii is still in the US.

          • Guest

            Oh wow.
            Has KH linked Bank of Hawaii, 170,500 tons of Gold and Obama’s new home in Hawaii yet? Just asking!

          • http://Caseresearch.com silverthumb

            OK, then audit the Fed and the Treasury too. I guess it is good to remember the Fed is actually owned by the big banks and is not a government agency, but things are getting pretty blurry when it comes to the revolving door between government work and cushy Wall St/private jobs. Just ask Bart Chilton, who in four years couldn’t turn up anything on the silver manipulation over at the CFTC.

          • ed6305

            What would you, of all people, know about legality? You are an Obama supporter, who believes Obama is God and without limits or restrictions, let alone forced to abide by the U.S. Constitution!
            Try being a little honest for once in your life!

        • ed6305

          Obama has already sold all the “Gold” we stored in Fort Knox. Ask Germany. They have been demanding the return of the Billions of dollars in Gold for the past 5 years. They have refused our currency. Why has Obama ignored their ongoing request? Probably for the same reason he does not permit an audit of the Fed, or the Treasury, or Fort Knox!
          I thought Obama was going to be the most transparent President and Administration EVER?
          I guess, he must have changed his mind, or maybe, we misunderstood that promise too!

    • golden nugget

      At least that’s the rumor

      • ed6305

        It’s not a rumor, it’s reality!
        Of course, in Obama’s mind, it’s a scandal without legs! Try to remind yourself, he controls the national media and what they can print and/or broadcast about him and his Administration. That’s reality too!

  • KarenHudes

    The amount of gold that the Fed and US Treasury are claiming in Fort Knox, in the Fed’s vaults in New York and elsewhere is fraudulent. Germany did not accept that bogus audit of gold from the Inspector General of the US Treasury for good reason. http://www.treasury.gov/about/organizational-structure/ig/Audit%20Reports%20and%20Testimonies/OIG13031.pdf
    The Federal Reserve does not possess gold to underpin US currency. https://s3.amazonaws.com/khudes/notarialprotest.pdf As I have informed the US oversight authorities, [see https://s3.amazonaws.com/khudes/Twitter3.3.15.pdf the Bretton Woods Institutions have perfected their security interest in the debt of the Federal Reserve https://s3.amazonaws.com/khudes/Twitter3.1.15.2.pdf

    • esqualido

      “The Federal Reserve does not possess gold to underpin US currency.”
      There is a lot of room for difference of opinion here. It might be that they are not interested in using THEIR gold to underpin anything. The mad turmoil in the currency markets is the direct result of central banking. The idea that a gold standard is impractical is false; make the Mylar “security strip” a gold thread, and the web of deceit vanishes

      • KarenHudes

        You do not get it. NEITHER THE FED NOR THE US TREASURY POSSESSES THE GOLD THEY ARE CLAIMING IN THEIR STATEMENTS. This is fraud.

        • KoosJansen

          Where was the gold (175,000 tonnes) in the global debt facility mined? Any records on that?

          • KarenHudes

            There is alot more gold in the Global Debt Facility than 175,000 MT. The gold consists of what the Conquistadors withdrew from Latin America (Inca and Aztec wealth), King Solomon’s treasure, and whatever gold was mined during the civilizations between the previous Ice Age (see http://themindunleashed.org/2014/10/500-year-old-map-shatters-official-history-human-race.html ) Here is an update: http://presswire.com/content/1324064/board-governors-world-bank-and-imf-announce-transition-asset-backed-currencies

          • EthanAllen1

            Re: KarenHudes – Mar 9 @ 12:50 PM
            Ms. Hudes,
            Though I was disappointed, but not actually surprised, by Koos Jansen’s snarky attempt at condensention in his role as “moderator”, such behavior can hopefully be attributed more to misconceived human history than personal avarice.
            Your references and citations, both in this instance and your other comments herein, reflect the too seldom realized need to more carefully question that which is considered conventional historical fact. The two citations here, when viewed together, are, in my opinion, an instructive and cogent pairing.
            You may find the research by Gavin Menzies in his book 1421 to be of interest.
            “Work is love made visible.” KG
            As Usual,
            EA

          • Guest

            Karen has indicated that she was fired from the World Bank because she was a whistle blower.
            What I do not understand is why does anyone blindly believe this?
            We have only heard her side of the story.
            She has indicated that she won her lawsuit she filed on behalf of herself for this wrongful termination. But her lawsuits have been thrown out each and every time.
            Perhaps she was fired from the world bank because of other reasons than she states?

          • KoosJansen

            Those links have got nothing to do with the source of the gold in “the global debt facility”.

          • KarenHudes

            Yes, with all due respect the fact that human history stretches back to the previous ice age gives many more years to mine gold. As to the source of the gold, some of this gold was gathered by Yamashita between WWI and WWII, for which the Fed issued Treaty of Versailles Bonds. These bonds and the accrued compounded interest now amounts to quadrillions of dollars- equivalent. The BIS is insolvent and the Board of Governors of the Bretton Woods institutions, which administer the Global Debt Facility, have filed UCC1’s against the twelve Federal Reserve Banks. https://s3.amazonaws.com/khudes/ucc1.pdf

          • KoosJansen

            Again, no proof whatsoever on the source of *this gold*. I doubt mainstream estimates of above ground gold, but they are better than yours, given the fact you present zero evidence.

          • KarenHudes

            See my response to 094870 above, who asked the same question.

          • KoosJansen

            By dodging a simple question you lost all credibility you had left.

          • KarenHudes

            Whatever are you talking about? I am repeating here my answer to the exact same question which is simply nine comments before this one. “This is also in response to Koos Jansen’s similar request for proof. For those who don’t know legalese, it means that 188 Ministers of Finance are foreclosing on the Fed. https://s3.amazonaws.com/khudes/Alternative+to+WWIII.pdf. The legal profession that has been complicit with all of this fraud is also being “called out” with no rock to crawl under: https://s3.amazonaws.com/khudes/Twitter4.2.15.pdf” I am also going to include an email to the former Citibank employee, Nathan Sheets, who is now trying to sit in as US Executive Director of the World Bank, although Sheets was never confirmed by the Senate. His predecessor, Sara Aviel, the Alternate Executive Director for the US (who was actually confirmed by the Senate), left six days after I told her she was not allowed any vote on the Board because of her violation of the World Bank Articles of Agreement by preventing the World Bank from being brought into compliance on the world’s capital markets. https://s3.amazonaws.com/khudes/Twitter4.2.15.1.pdf

          • KoosJansen

            As this goes beyond normal conversation and coz you have also blocked me on Twitter (so much for debate), I’m blocking you (Karen Hudes) from this comment section. I wish you good luck somewhere else.

          • Laura LaRue

            Hi Koos, Karen says she didn’t realize she had blocked you and has unblocked you. She has posted what happened on Twitter: “I had no idea that I had blocked you. I did not intend to. I have removed your block.” Cheers.

          • Guest

            Yea, to blocking the Troll Karen Hudes!

            : ) :) :) :)

            Karen Hudes claims authority on all subjects. She will not answer directly the simplist of questions. Because this will always reveal her fraud. Karen knows fully well she block Koos on her twitter. She was offended when Koos asked her simple questions.

            KH has stated that their is ONE trustee for the Global Debt Facility Trust. Imagine, one trustee for the largest Trust known to mankind. Hopefully this one Trustee remains in good health, right Karen.

            Imagine, this one Trustee has appointed KH as legal council to largest Trust known to mankind.

            Karen also claims that she is the Head Legal council to the World bank.

            Karen also runs a law practice in the state of MD. Apparently the Global Debt Facility is her only client.

            I guess with all the work that is expected from the Head Legal council to the World bank, there isn’t much time growing your law practice, Karen.

            Karen, are you aware of the definition of Conflict of Interest?
            You cannot hold both positions you indicate because it presents a Conflict of Interest. You did not know this?

          • Guest

            She does not remember? She did not intend to? She had no idea?
            Does this happen often with Karen?
            Cheers

          • Laura LaRue

            Yup! I have accidentally blocked the wrong person, it’s easy to do on twitter, especially on mobile app.

            Cheers

          • Guest

            Laura

            I was wondering. The Global Debt Facility Trust that KH refers to would be the largest $ Trust in the world.

            Do you think that this Trust would be required to file annul information returns of any sort?

            Do you think the largest $ Trust in the world would require legal work each year?

            Do you think the largest $ Trust in the world would require accounting work each year?

            Do you think the largest $ Trust in the world would be required to hold Trustee meetings each year? And have minutes of such meetings? I would think that the Trust’s legal council, as part of her professional responsibility would inform the Trustee that proper minutes would need to be prepared.

            KH claims this Trust is for the benefit of humanity, correct?
            If that is the case, does humanity get updated information on the Trust assets?
            If the Global Debt Facility Trust now has retained KH as their legal council, who have they retained as their accountants?
            Perhaps KH has not disclosed this info, so if you do not know, I understand.

            It sure would be fun to learn who is their accountants, though!
            Cheers

          • Guest

            KH is always touting her Rule of Law model for several years now. I would love to see it someday come to pass.
            But it sure has failed for the past few decades.
            Last year, it was officially revealed the role of torture that was committed by the USA and their allies. Certain US government officials, President, Vice President, others, were directly linked to these violations of the Rule of Law, let a lone Moral Law.
            Clearly KH’s model failed 100 per cent here. I think she purposely overlooked this fact. Shame on you KH.
            Has KH ever stated what year when the Rule of Law will commence?
            Has any of her followers actually asked her that question?
            Even a broken clock is right twice a day.
            Is KH actually saying the Rule of Law has a 90 to 95 per cent chance of happening on rare occasions in the future?

          • Laura LaRue

            Hi there. That’s an excellent question but I do not know the answer to it. If anyone here wants answers then please politely ask Koos to unblock Karen Hudes so she can reply. It would be sporting of Koos to unblock her also because I see there are anonymous people leaving misleading information about Karen’s work which is most unfair.

            Thank you & best wishes to all.

          • KoosJansen

            I will not unblock her. People can reach out to her via twitter etc. Not here.

          • Guest

            YEA

          • Guest

            Karen, Explain why Minister of Finance, Jack Lew, says your a fraud and the information you spew is all fraudulent when it comes to gold.

          • Nestor B. Aguilar

            Do you expect that Jack Lew would answer you in the affirmative? He may be one of the lackey of the cabal which Karen called the Network of Global Corporate control with out his knowing.

          • Nestor B. Aguilar

            To those who are mocking Karen Hudes, may be you have some agenda of your own. But my question to you all is that… “ Do you have any alternative solution to offer to Humanity to be liberated from these Slavery? Will you please present it? so that Humanity can study if it is viable that would deliver us all from these slavery system.

            Truth, Love & Light will set us free…
            God Bless…us all his creation.

          • KoosJansen

            As you tried to post this comment five times in this section, you’re blocked. No trolls allowed.

          • Guest

            If this is the way you present proof, no wonder you were fired from the World Bank almost a decade ago.
            How about providing current proof, like a current proof of insurance from the insurance company that insures the Global debt Facility from theft?
            All you have to do is have the insurance company print you out a proof of insurance. You must pay a pretty high premium to insure these assets. I am sure the insurance company would jump at your request. You could then post and completely shut us up. The proof of insurance can then be taken to any insurance broker to verify that it is legit. Come on Karen, something so very easy to do and it would prove the amount of Gold in the Global Facility. The insurance company you have spoken about in the past would know the exact amount of gold that they are insuring.
            The simple question of asking where is this current proof of insurance are the type of questions that make you run away. Post the current proof of insurance on your twitter account. I will confirm it is legit and if it does indeed prove to be legit, I will become your biggest fan. How about it Karen? Just a call to the insurance company can have this taken care of in no more than 15 minutes tops.

          • Nestor B. Aguilar

            To those who are mocking Karen Hudes, may be you have some agenda of your own. But my question to you all is that… “ Do you have any alternative solution to offer to Humanity to be liberated from these Slavery? Will you please present it? so that Humanity can study if it is viable that would deliver us all from these slavery system.

            Truth, Love & Light will set us free…
            God Bless…us all his creation.

          • Guest

            The simpler the question, the bigger the dodge. Whey does my Minister of finance tell me you are a fraud Karen?

          • Guest

            Heres a simple question.

            From KH’s twitter feed almost a year ago.

            Karen Hudes @KarenHudes:disqus · Apr 8

            Japan and China are the first countries to access the Global Debt Facility https://s3.amazonaws.com/khudes/twitter4.8.14.docx

            Hows that working out for Japan and China currently, Karen?
            Do each of them have their gold by now?

          • Laura LaRue

            Koos, here is a transcript of Lord Blackheath’s speech to the House of Lords on Feb 16, 2012, questioning HSBC money laundering, Federal Reserve collusion and the 750,000 tonnes of gold: http://www.theyworkforyou.com/lords/?id=2012-02-16a.934.10#g1016.0

          • Lester

            Koos, I’m afraid you are asking the impossible. No official would ever let any outsider near the door to the building, let alone inside to verify a single god-forsaken bar! What were you thinking? Proof of Karen’s claim? Please describe how you would go about getting that!
            You do a lot of reporting of shipments of metal, have you ever seen any of them so you could prove your numbers?
            “???”. I didn’t think so.

          • KarenHudes

            210 trillion dollars worth of the gold in the Global Debt Facility was purchased by Yamashita during the 1930’s in exchange for Treaty of Versailles Bonds which with compounded interest are now worth more than $ 2 quadrillion. https://s3.amazonaws.com/khudes/treaty+of+versailles+offer+of+sale+2+quadrillion1.pdf The Fed tried to buy back these obligations at a steep discount; instead 188 Ministers of Finance on the Board of Governors of the World Bank are placing BIS under separate bankruptcy regimes in the jurisdictions where these private banks are situated. http://presswire.com/content/1324064/board-governors-world-bank-and-imf-announce-transition-asset-backed-currencies

          • Laura LaRue

            Koos, HSBC acknowledges the 175,000 tonnes: http://youtu.be/bLrHOgy0tRo

          • Guest

            Laura

            As you know KH has informed the world that 170,500 tons of Gold is being kept at the Bank of Hawaii.

            I was just wondering why KH has yet to visit the Bank of Hawaii?

            Hawaii is a very nice place to visit.

            The People of Hawaii would like to share their Islands with you, Karen

            http://www.gohawaii.com/en/#/

            I bet Karen could attract quite a few of her faithful to join her on a trip to Hawaii. They could all go to the beach in the morning and then head over to the Bank in the afternoon.
            I am sure Karen would attract a tremendous amount of attention if she organized a protest outside the bank if they refused to hand over the gold to her.
            Cheers

          • Guest

            Koos, KH has stated that there is 1.715 million tons of gold in the global debt facility, not a measly 175,000 tons. She has indicated that this Gold is insured for theft. Unfortunately she has failed to provide current proof when asked. Wonder why? Because KH is a fraud and the more questions you ask, the more the fraud is revealed.

          • ICFubar

            This fraud may still be used to float a new international currency even if this pile of bullion can’t be verified by an independent and trust worthy third party, if there is such an entity when dealing with this purported amount of gold. As Ms. Hudes works for the BIS Central bank system of debt money franchises the rest of her story and humanity’s gold sounds like cover being built for the issuance of supposed gold backed SDRs or some such ploy when the amount of gold available to the BIS is substantially less. Some of the claims made are in the realm of true make believe and along with vast secret stockpiles there are other accounts of shadowy people connected to this story besides actual imaginary folks let alone an alien race and other such nonsense.

          • Guest

            ICFubar, your idea could be correct here. However, I am not sure if the Brics, along with many other countries, would go blindly into the night.

          • ICFubar

            What happens when the supply chain is interrupted or collapses due to a catastrophic financial crisis? Most towns and cities have a three day supply of food before supplies start to dwindle rapidly. I asked our local supermarket manager how long before food starts to run out if the trucks quit bringing in new supplies This bit of information is for your own knowledge.

            The BRICS may be an illusion. Why was China so heavily invested in by western elites? Billions upon billions of investment dollars and technological transfers of the most sensitive kind. At the same time trillions of dollars went missing from western treasuries. One regime, a totalitarian capitalist system being strengthened while another, quasi democratic national systems weakened at the same time. If you were a Rothschild or a Rockefeller which system would you prefer to champion in a stealthily manner? One world government is coming into view just on the trajectory of human development alone and those that have will try to construct a future that will serve their needs and wants as a natural fact. So before we champion the BRICS we had better consider who owns their economies and what do their owners and systems present to all of us little people? Better to fix what we have at home than to rely on what may indeed be a trap waiting to be sprung.

          • Guest

            Most towns and cities have a three day supply of food before
            supplies start to dwindle rapidly and panic begins to rise in inverse
            proportion. This bit of information is for your own knowledge.

            THANK YOU

            The BRICS may also NOT be an illusion. I do not dispute your views on the wealthy families you speak of and the fact that 47 super inter connected international companies, mostly bank holding corporations, own 40% of all international enterprises and earn 60% of all revenues world wide. However OWG is not a done deal in my opinion.

            We definitely are going to see the current Great Leveling proceed before we are presented with the Great Reset. From there, you may or may not be correct.

            If we both are around, we will see. I sure don’t know. What is
            you opinion on the probability of WW3?

          • ICFubar

            I see many comments cheering on the Russian and Chinese elites in their resistance to the western plutocrats ambitions in Asia; but as serfs with television sets the only thing that matters is how one set of elites treats us serfs as opposed to how another set of elites might treat us should the make up ruling class change.

            You are certainly correct that there is to be a leveling. The average yearly income in India is about $4000. In the USA about $50,000. This discrepancy will be leveled. So will the Indian wage rise to 50 Gs or will the US income drop to 4 Gs or will a combination of rise and fall take place and in what ratio? ” Mr Global”, or “the committee that runs the world” isn’t saying. The quotes are Catherine Austin Fitts terms

            I agree the battle is never over, and the masses of little folk by our sheer numbers can at any time decide how this world will operate, but only if we are a united front

          • Guest

            Thank you for your thoughtful response. Hopefully you will be able to focus on the things that are important to you in the next few decades.

            You may even want to consider some new journeys as well to record memories with your adult kids and grand kids.

            Here is one that I have embarked on this year. Dragon Boat Racing! The fastest growing water team sport in the world today. Anyone can do it. I met an 88 year old lady that assisted her team in a competitive race last week. I was very impressed.

          • ICFubar

            Looks like everyone is hard at work and having fun. I have lots going on besides trying to effect whatever little influence I can, as that is what life is about….mostly.

          • Guest

            To those who are mocking Karen Hudes,
            may be you have some agenda of your own. But my question to you all
            is that… “ Do you have any alternative solution to offer to
            Humanity to be liberated from these Slavery? Will you please present
            it? so that Humanity can study if it is viable that would deliver us
            all from these slavery system.

            Truth, Love & Light will set us
            free…

            God Bless…us all his creation.

          • Guest

            My agenda is never to be fearful of asking questions to things that do not make sense or add up to me. If my questions are avoided, then THERE MUST BE REASONS FOR THIS.

            Nestor, for me, I personally believe in giving back to my community. I volunteer at a local food bank to assist in providing food to hungry people. I visit chemotherapy patients with my therapy dog in an effort to try to put smiles on scared faces. I assist the fire council in my neighborhood to inform my neighbors of what they can do to minimize the dangers of having their homes burn down in a fire.

            These are just a few of things I do besides providing for and raising a family. I try to include my kids when I can in most of my volunteer activities.

            If giving back to humanity in this manner is of any interest to you, you may consider checking out the following U. S. website to study further.

            “There are over 1.3 million charities in the United States”.

            http://www.about.greatnonprofits.org/#!volunteer-oppurtunities/ctk5

          • Guest

            KH has indicated that
            there is 1.715 million tons of gold in the Global Debt Facility Trust. She has also indicated that this gold will be minted into coins.

            Currently the most popular weight measurement is the one ounce coin.

            KH has yet to reveal the weight gold coins would be minted in. For fun here, what would be the number of one ounce coins needed to be minted from all this secret gold KH talks about?

            Answer

            60 billion, 495 million gold coins.

            Karen, if you have all the gold you claim minted in one ounce coins, they better all be there! Remember Rule of Law applies here!

          • Guest

            Now I am rounding a bit here, but that like about 8 coins a piece for everyone. Does that sound about right, KH?
            In a prior interview you indicated that the Gold price would be revalued to 2500 per ounce US.
            I remember you were quite upset at a person that was questioning you on this reset amount. I think you called him ignorant or something because the person did not believe you. Well, I am not arguing with this amount KH, because we know you know all!
            So, were talking about 20 grand US for everyone.
            I would like to donate my 20 grand, if I am permitted, to a German Shepherd Rescue in my town. The dogs would really appreciate benefiting from the Global Debt Facililty Trust too.
            Karen, since your in charge of all this, would I be allowed to do this?

          • Nestor B. Aguilar

            To those who are mocking Karen Hudes,
            may be you have some agenda of your own. But my question to you all is that… “ Do you have any alternative solution to offer to
            Humanity to be liberated from these Slavery? Will you please present it? so that Humanity can study if it is viable that would deliver us all from these slavery system.

            Truth, Love & Light will set us free…
            God Bless…us all his creation.

        • 094870

          Where
          Is your proof

          • KarenHudes

            This is also in response to Koos Jansen’s similar request for proof. For those who don’t know legalese, it means that 188 Ministers of Finance are foreclosing on the Fed. https://s3.amazonaws.com/khudes/Alternative+to+WWIII.pdf The legal profession that has been complicit with all of this fraud is also being “called out” with no rock to crawl under: https://s3.amazonaws.com/khudes/Twitter4.2.15.pdf

          • Guest

            188 Ministers of Finance are foreclosing on the Fed.

            I asked my Minister of Finance, Jack Lew, if this was accurate. He said that it was not
            and then he referred me to http://www.worldbank.org/en/news/press-release/2014/07/08/statement-former-staff-karen-hudes

            Here is a list of the Ministers of Finance that KH is referring to.

            https://www.imf.org/external/np/sec/memdir/members.aspx

            If anyone one wants to check with their Minister of Finance, go for it.
            KH will not list names of the Ministers of Finance for good reason.

          • Nestor B. Aguilar

            This will be the last post/reply by Karen Hudes when she was block.
            Quote..
            This anonymous guest does not know that I published my correspondence with the Ministers on the Board of Governors, asking them to correct my misstatements?
            https://s3.amazonaws.com/khudes/Alternative+to+WWIII.pdf
            Unquote..
            [Note her use of World Bank letterhead].

          • Guest

            Nestor, have you ever seen any correspondence from these 187 Ministers on the Board of Governors with your leader?

            Simple question.

            KH publishes her correspondence to them but I have yet to see any of these 187 Ministers correspondence to her.

            Here are the current 188 Ministers on the Board of Governors.

            https://www.imf.org/external/np/sec/memdir/members.aspx

            Nestor, would it not be reasonable to expect that all of the 187 Ministers on the Board of Governors have responded in writing with your leader to all her correspondence with them?

          • Nestor B. Aguilar

            Karen Hudes
            10 hrs ·
            Koos Jansen, please note my use of World Bank letterhead: https://s3.amazonaws.com/khudes/Twitter4.4.15.pdf
            Here is the message posted by Karen in her fb page if you really interested please open it.

          • Nestor B. Aguilar

            Do you expect that Jack Lew would answer you in the affirmative? He may be one of the lockey of the cabal which Karen called the Network of Global Corporate control with out his knowing.

          • Nestor B. Aguilar

            Do you expect that Jack Lew would answer you in the affirmative? He may be one of the lackey of the cabal which Karen called the Network of Global Corporate control with out his knowing.

          • Nestor B. Aguilar

            Do you expect that Jack Lew would answer you in the affirmative? He may be one of the lackey of the cabal which Karen called the Network of Global Corporate control with out his knowing.

          • Guest

            Nestor, KH said 188 Ministers of Finance, not me. She even referred to 188 Ministers of Finance in
            the press release she put out awhile back. I checked with the one that represents my country. Was I wrong to do this?

            If KH had said 188 Ministers of Finance minus one Jack Lew or 187 Ministers of Finance, I would have had no expectations he would answer the way he did.

            Is this another one of those KH moments………. She does not remember?
            She did not intend to?
            She had no idea?

            I must ask the question, are there other Ministers of Finance that I should not expect an answer in the affirmative from?
            I am asking some friends from other countries to contact their Ministers
            of Finance to confirm that your leader KH is carrying out their wishes. I am sure that you would welcome such
            confirmation of your her role in all of this.

            I would even suggest that all of KH followers make such a requests of
            their Ministers of Finance, assuming it is not Jack Lew of course. The more confirmations, the better, Yes?

            Here is the current list again! You don’t want to use an out of date list.

            https://www.imf.org/external/np/sec/memdir/members.aspx

            I take it from your lack of response to my simple question…. have you ever seen any correspondence from these 187 Ministers on the Board of Governors with your leader, that you have yet to.
            Perhaps that does not really mean anything to you and KH followers?

  • Guest

    “Whilst me and Mr. Manly are researching how much gold is left in the vaults in the United States – at the Federal Reserve Bank of New York (FRBNY) and at Fort Knox…”

    Short of Mr. Manly and yourself doing your own (using Pre- 1978 Generally Accepted Accounting Principals) physical audit, I am not sure how much your research will be able to reveal on this subject. I look forward with great interest what ever your research does uncover.

    Interviewing various PM and non-PM commentators for their opinions on this subject would be quite interesting in itself, however it would be just one’s opinion. But the circumstantial information supporting their opinions might be of great value and compliment your research.

    On one hand, you have Mr. Rickards opinion that the US has all the Gold it says it does. And then you have the likes of GATA and Dr. Willie suggesting there is either no gold or very little gold in the US vaults that actually belong to the US. I believe that many knowledgeable Gold commentators lean toward Dr. Willie and GATA’s views.

    I enjoy reading your Excellent Commentaries Koos. Thank You.

    • esqualido

      “On one hand, you have Rickards opinion that the US has the Gold it says it does. And then you have GATA and Dr. Willie suggesting there is either no gold or very little gold in the US vaults that actually belong to the US.”
      And then you have those who believe that the private Central Banks, and not the nations they supposedly represent own the gold. When asked if the Fed owned gold, counsel Scott Burns replied, “No, just certificates.” Certificates?

  • THS_Warrior

    Most Americans have long been aware that there are many metric tons of gold stored safely underground at Fort Knox and at the New York Federal Reserve Bank (and no doubt elsewhere); but why should anyone care where all the gold came from? The much more interesting question that should now be offered up for discussion is what–exactly– does the United States Treasury now intend to do with all that gold. Educated Americans old enough to recall what always happens whenever the United States abandons gold as a monetary standard should be praying that a majority of the politicians who make such decisions will vote to move America away from being a nation using fiat currency and back to being a nation that uses gold (and other assets having some measurable value.

    • ed6305

      Most Americans should understand the “Gold” is what backs the ‘value’ of our currency. Unfortunately, most attorney’s, like Obama, do not understand the need to have assets to back the currency, he has been printing non-stop for the past 6 years.
      Imagine, if every country across the globe had an incompetent President, like Obama, who believed they too, could print currency, 24 hours a day, to maintain their false economical stability.
      As for “Gold” being stored in Fort Know. Well, I’m quite certain the reason Obama and the Democrat’s do not want an “audit” is very obvious. Americans might discover, Obama has sold all the Billions of Dollars that was stored their before he took office. Just ask the Germans, they have been demanding their Billions of Dollars in Gold be returned for over 5 years, without a response, except to say they do not want US Dollars as a replacement! WHY? And, why is it that Obama will not agree to having the US Reserve audited?
      So much for Obama’s promise for transparency.
      Of course, even it Obama did finally agree to an audit, he would apply his standard response to any scandal: ” I have no knowledge, nor was I aware of any problems, until I heard about it on the News!”
      The guy is a broken record, who repeats the same lies, over and over again, to cover-up his incompetence, his corrupt Administration and failed policies.

    • Kaline

      Rumor has it there is NO gold in Fort Knox….the question is…Where is all that gold, if that’s true.

  • http://Caseresearch.com silverthumb

    175,000 tons is a lot of gold! If the US did hold over 8000 tons, which I doubt, but if they did they’d be the world’s largest holder. I know people in India have a lot of gold, and in Asia it is money, but that leaves an enormous amount of gold MIA. Where is it now?

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