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Ronan Manly

Ronan Manly

Ronan Manly is a precious metals analyst with BullionStar whose blogs
often cover current themes including what's going on in the
London gold market and the gold activities of central banks.

Planned in Advance by Central Banks: a 2020 System Reset

  • Date
  • Author Ronan Manly
  • Comments 15 Comments

As early as 2015, I put forward the idea that the year 2020 looked to be a leading contender for a monetary system Reset.

I reached that conclusion based on a trend I had spotted in the gold repatriation timelines announced by a number of European central banks beginning in 2013. And who better to know the inside plans for a future and much needed reset of the financial system than the world’s most powerful central banks, the unaccountable and secretive institutions where gold is at the heart of their balance sheets, and would be the natural and reserve asset anchor in any new international monetary system.

Besides, the global financial crisis that began in 2007/2008 never really ended. It was merely patched up, prolonged, and put on life support by central bank interventions in the form of unceasing quantitative easing (QE), asset buying, and artificially low interest rates.

From Frankfurt to Vienna

The first piece of evidence was the by now famous gold repatriation exercise by Germany’s Bundesbank (Buba) to move nearly 700 tonnes of gold from the vaults of the New York Fed and Banque de France to Frankfurt, which the Bundesbank announced in a press release on 16 January 2013 as follows:

By 2020, the Bundesbank intends to store half of Germany’s gold reserves in its own vaults in Germany. The other half will remain in storage at its partner central banks in New York and London"

“To this end, the Bundesbank is planning a phased relocation of 300 tonnes of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020.

This was followed on 28 May 2015 by an announcement from Austria’s central bank, the Oesterreichische Nationalbank (OeNB), that it too would repatriate gold stored in London back to its vaults in Vienna in what it referred to as the adoption of a ‘2020 gold storage policy’. To wit:

The OeNB adopts 2020 gold storage policy:

Recently, the Governing Board of the OeNB adopted the 2020 gold storage policy

By the year 2020, 50% of Austria’s gold reserves are to be held in Austria (OeNB and Münze Österreich AG), 30% in London and 20% in Switzerland.

To me, the OeNB’s 2020 plan following a similar statement by its German neighbour BuBa suggested a coordinated strategy by these central banks to regain control of as much gold reserve assets as they could in advance of a pre-planned system reset deadline of 2020.

Which is why on the same day, on 28 May 2015, more than 5 years ago, I pointed out this in a Tweet:

2020 System Reset – Tweet from 28 May 2015 

In February 2016, while attending the World Money Fair in Berlin, we recorded a BullionStar Perspectives video interview about central banking trends, in which I again referred to this 2020 System Reset. See the 1 minute video segment below for the relevant discussion:

BullionStar Perspectives interview 2016 – Referring to Central Banks and a System Reset in 2020. Source

In August 2017, the German Bundesbank in a press release again tellingly referred to the hard and fast 2020 deadline announcing that it had completed its gold repatriation from New York and Paris ahead of schedule:

“Bundesbank completes gold transfer ahead of schedule 

50.6 per cent of Germany’s gold reserves are now stored in Germany. This goal was set out by the Bundesbank in 2013 and was scheduled to be achieved by 2020 at the latest. “This closes out the entire gold storage plan – around three years ahead of the time we were aiming for,” said Bundesbank Executive Board member Carl-Ludwig Thiele to representatives of the press."

At the latest" and “ahead of the time we were aiming for" – Unusually precise and urgent wording, but illuminating and logical when interpreted in the context of a pre-planned 2020 System Reset deadline. It was likewise with Germany’s neighbour to the south, where in March 2019, the Austrian central bank announced that:

“Regarding the milestones reached in 2018, Governor Nowotny pointed out that “the repatriation of gold reserves to Austria was completed in 2018, ahead of schedule.'"

There’s that exact phrase again “ahead of schedule". Here we see that both banks had a schedule of 2020, and were relieved to have achieved their repatriations ahead of this 2020 schedule.

Dutch jump the Gun – In Secret

But it wasn’t just the central banks of Germany and Austria who were busy planning gold repatriating in the 2013-2015 period ahead of the 2020 deadline. In Germany’s neighbour to the north-west, the Dutch central bank, De Nederlandsche Bank (DNB), was, over October and November 2014, secretively repatriating 122.5 tonnes of gold from the vaults of the New York Fed to the DNB vaults in Amsterdam, but only announcing the gold transfers on 21 November 2014, after they had been completed.

Positioned between the 2013 Bundesbank and 2015 OeNB repatriation announcements, both of which referenced the 2020 deadline, the Dutch gold transfers of 2014 make most sense when seen in terms of the same motivations, but given that the gold transfers were executed in secret and in a very short timeframe, there was no advance announcement.

However, in one of the most explicit statements of central banks in explaining why it holds substantial physical gold reserves, DNB tellingly commented on its website in April 2019 that gold plays the role in rebuilding a collapsed finanical system:

“Gold is …the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security."

Troops guarding central bank of Hungary’s gold repatriated from London

Poland and Hungary Follow Suit

Beyond the Dutch, let’s not forget Germany’s neighbour to the east, Poland, which while late to the central European gold repatriation club, made up for lost time in the first half of 2019 when the Polish central bank, the National Bank of Poland (NBP), announced a massive purchase of 100 tonnes of gold at the Bank of England, after which it promptly flew all of this 100 tonnes of gold back to Warsaw in a series of air transfers, the last of which was in November 2019.

The rationale of the Polish central bank in doing this was, in its own words, because:

“Gold is the ‘most reserve’ reserve asset: it … is a kind of confidence anchor, especially in times of tensions and crises. …Gold secures Poland’s financial strength even in extremely unfavorable conditions."

The Polish operation followed similar moves in October 2018 by Austria’s neighbour to the east, the Hungarian central bank, Magyar Nemzeti Bank (MNB), where the MNB increased its gold reserves ten-fold from 3.1 tonnes to 31.5 tonnes with the purchase of 28.4 tonnes of gold in London, and in the following weeks, promptly repatriated all of this gold back to Hungary. Tellingly, in its October 2018 comment, the Hungarian central bank also made reference to structural changes in the monetary system:

“When raising domestic gold reserves to 31.5 tonnes, the MNB paid attention to the international and regional role played by gold in central bank reserves.

While gold has a confidence-building effect in normal times, and can play a role in stabilizing and defending, it is also a benefit in extreme market environments, deeper geopolitical crises, and structural changes in the international financial system.

As Germany’s and Austria’s contiguous neighbours and close associates, Poland and Hungary would be in an ideal position to observe the behind the scenes operations of the Bundesbank and Austrian central bank in preparing for a system reset and would naturally want to also augment their gold reserve assets in advance of such a reset.

A Widely Known Plan among Top Central Bankers?

Beyond the central European gold repatriation club, the board of directors of the Bank for International Settlements (BIS) in Basel, Switzerland and the Ministers of Finance and central bank Governors of the Group of Ten (G10) which is also operated from the BIS offices in Basel, would be privy to a 2020 deadline for a planned financial system reset. Which is why their meeting briefs and meeting minutes are classified top secret and will never in your lifetime see the light of day.

The secretive and unaccountable Bank for International Settlements (BIS), Switzerland, the central bankers’ central bank.

Another hint that preparations for a global reset were being made in advance of 2020 came from the surprise announcement at the end of March by the Bank of Russia, Russia’s central bank, that it would abruptly cease buying gold for Russia’s sovereign gold reserves, buying activity that it had relentlessly pursued for the previous 12 years since 2008.

As to how widespread central bank preparations over the last decade for a reset involving gold have been is not clear, but those preparations may have even followed the approach put forward by Paul Brodsky and Lee Quaintance in May 2012, in which they described central banks and governments working behind the scenes in a coordinated re-distribution of the world’s monetary gold reserves among themselves in a more equitable manner. Behind the scenes gold redistribution is an intriguing possibility, and would explain why the large central bank gold holders continue to have large portions on their gold holdings still stored in foreign vaults in New York and London.

The Reset Trigger – The Covid Plandemic

While gold repatriation in the central bank sphere from 2013 to 2019 was a clue of what lay ahead in terms of Reset preparedness, all the while the existing financial system continued to be propped up with accelerating quantitative easing and increasing intervention. As 2020 approached I again proposed the reset theory based on the evidence of gold repatriation activity, and tweeted this, in fact on 30 December 2019.

But what would be the Reset trigger that the central banks were waiting for? As 2020 began, we did not have to wait long to find out, for within a short few weeks, as if on cue, the Deus ex machina trigger conveniently arrived in the form of the now evidently orchestrated Covid plandemic, a WHO coordinated endgame play announced in Geneva, Switzerland on 11 March, which has allowed the world’s most powerful central banks such as the US Fed, ECB, Bank of England and Bank of Japan to engage in ‘all in’ interventions one last time so as to prop up the debt and derivative laden financial system, while providing the cover to tee up the monetary Reset.

Full details of these central bank interventions, which began in March, can be read about here in a BullionStar article from 2 May, but some quotes from that May article are provided for background:

“QE COVID

Over the last two months, major central banks and governments across the globe have unleashed a series of monetary and fiscal interventions on markets and economies which are unprecedented in their magnitude and which are boarding on the destruction of the current financial system.

While the global spread of coronavirus COVID-19 provided the trigger and the pretext for the current full-spectrum quantitative easing, money printing, asset purchases and economic bailouts, the size and scope of the current assault on free markets makes all previous central bank and government interventions look insignificance in comparison

As to the Reset, the shaping of public opinion has now been put into play by that other elitist Swiss based elitist institution, the World Economic Forum (WEF) (of Davos meeting fame), which conveniently had waiting in the wings, its ‘Great Reset’ strategy, released to the public on 3 June 2020 from its headquarters in Geneva.

Minutely planned and highly detailed, the WEF Great Reset strategy is an elitist blueprint to usher in sweeping forms of global population control using the Covid plandemic as a smokescreen. In much the same way, the world’s central banks have now used the Covid trigger as a smokescreen to prop up financial markets one last time before they usher in their ‘planned in advance’ monetary Reset.

If top central bankers not only knew of a 2020 Reset and its Covid trigger, but actively planned years in advance with prior knowledge to prepare for such a reset event, the legal implications are grave and serious. Only time will tell.

The last word for now goes to German physician, Dr. Heiko Schöning, who, speaking from London on 27 September, succinctly explains how the creation of the Covid plandemic points to powerful banks and their private controlling interests, while being used by these powerful banks to reset the financial system.

German doctor, Dr. Heiko Schöning of Hamburg, speaking in London on 27 September. Source

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