Something’s up in the Gold market, IMF & the treasury. Thanks Longknife

Posted: 02/24/2010 by Lynn Dartez in banks

Friday, February 19th 2010 at 7:40pm by JoAnneMor

Not even sure where to start.

Wednesday I saw a story stating Soros bought Citi for $1.3 Billion dollars and doubled his stake in Gold.

Yesterday, I saw a story stating IMF was about to sell tons of Gold.

Also yesterday, I saw a story stating China had sold our treasury bonds in  a plan to buy Gold.

So I started digging.

I know, you’re shocked. LOL.

Heres the facts and links.

Connect the dots.

Let’s start at the beginning.

When Obama was elected, one of the first things he did was give $108 Billion dollars to the International Monetary Fund, (IMF).

Here is a story from the Wall Street Journal stating this.

Ah, transparency. Perhaps you’ve read that the new era of candor in government spending has arrived. Except, apparently, when it comes to the $750 billion that the Obama Administration and other nations have agreed to provide the International Monetary Fund. In this case, it’s all opacity all the time.

At the G-20 meeting in April, the world’s big shots promised to provide $500 billion under credit lines to the IMF known as “new arrangements to borrow.” The U.S. share was said to be $100 billion, which last week we learned is actually $108 billion. The Obama Administration is now asking Congress to appropriate the cash, except that the Congressional Budget Office is only scoring the cost at $5 billion. How so? Because the transaction is being called an “exchange of assets,” which means the U.S. gives the IMF the $108 billion and the IMF gives the U.S. a promissory note. Which raises a question: If it costs so little, why not make it $200 billion. Or a trillion? It’s free!”

Keep this in mind, because there is math later.

Obama also bailed out Citi, twice so far.

Here is a story on this.

U.S. gave up billions in tax money in deal for Citigroup’s bailout repayment

“The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis.”

After the bailout and the forgoing of repayment, Soros buys Citi at a huge discount. $1,4 Billion Dollars. We lost all that money. That’s only the beginning.

Here is story stating Soros bought Citi.

George Soros Buys Citigroup Inc.,

“He bought Citigroup (C), now one of the top 5 holdings.”!

Not only does George Soros own Citi, but guess who is his biggest shareholder?

None other than Prince Al-Waleed bin Talal.

Yes, The same Al-Waleed who bankrolled Obama all his life. Khalidi’s boss & son to the king Obama bowed to.

Yes the same guiy who just bought voting stock in Fox news’ parent company Murdoch’s NewsCorp.

Here is a story about Al-Waleed connection to Citi.

Saudi prince comes to rescue of Citigroup

“Saudi Arabian prince Alwaleed bin Talal has come to the rescue of Citigroup with a much-needed cash injection today.

The surprise turnaround ended a two-year selloff that has wiped more than $200bn (£135bn) from the bank’s market value.

The Saudi prince will increase his stake from about 4 to 5% in the coming days.

The move initially filled investors with confidence and sparked a buying spree before the bell. The shares surged 25 cents to $6.65, but then fell back to tumble by another 17.5%. Yesterday, they fell more than 22% in a single session while the stock is down more than 90% since 2006.

Based on Wednesday evening’s closing price, the prince plans to invest about $349m of his fortune in Citigroup shares.

In a statement released at 9am in New York, Talal said he believed Citi’s shares were “dramatically undervalued” and expressed “full and complete support to Citi management” including the embattled chief executive, Vikram Pandit.”

Remember Citi is Rahm’s baby.

So now that we have covered the Citi angle, let’s talk about what they are up to.

As I stated, Soros doubled his Gold investments.

Here is that story.

George Soros doubles gold investment

“US billionaire George Soros has more than doubled his investment in gold, despite calling it the “ultimate bubble” just weeks ago.

Mr Soros’ investment vehicle Soros Fund Management increased its holding in SPDR Gold Trust to 6.2 million shares, worth $663m (£425m) at the end of 2009.”

Here is the story about the IMF to sell almost 200 tons of Gold.

Bad News for Gold Bugs? IMF to Sell Nearly 200 Tons

Gold futures came under further pressure Thursday after the International Monetary Fund said it would sell another 191.3 metric tons of gold . The IMF has already sold the rest of the 403.3 tons of gold it pledged to put on the market in September.

The IMF said it will sell the remaining gold in a “phased way” to prevent market disruption and undue pressure on prices, but gold futures were off more than $13 to $1,107 an ounce in early trading, extending declines from an all-time nominal high of about $1,180 set late last year. The exchange-traded fund SPDR Gold Trust Gs (GLD ) has declined more than 8% from a 52-week high set in early December.

The sale totals about $105 Billion dollars worth of Gold.

(Remember we gave them $108 Billion dollars)

Finally, here is the story about China selling treasury notes in order to buy Gold.

Citi: China Sold Their Treasuries Because They Want To Buy Tons Of Gold

“In regards to whether or not China truly sold down its holdings of U.S. treasuries recently, the situation remains a bit murky . But Citi’s Alan Heap thinks it happened for sure.

Moreover, he thinks China has a plan for the cash they pulled out of the U.S. — They’ll use it to buy 191 tonnes of gold from the IMF.

Alan Heap @ Citi: The IMF announcement that the fund

intends to sell 191t of gold sent a quiver through the market last week. However there was nothing new here. The gold is the residual from the planned sale of 403 tonnes which will partially finance new loans to developing countries.

The bank said that sales would be phased over time. But also kept open the possibility of direct transfers to other central banks.

The PBC [People’s Bank of China] is the most likely central bank buyer. The bank is deeply dissatisfied with the performance of its US treasury holdings and has made clear its intention to diversify including into gold . In November and December the PBC sold USD46bn of treasures; they must be buying something.

While he remains rather neutral on gold, with a 2010 target price of just $1,162, he also highlights how Gold bullion demand picked up in Q4 as well, driven by ‘Unidentified Investment’. Which could be good news for early 2010.”

Note “Unidentified investments”!

So here’s the scoop:

China sold our treasury notes to buy gold. Soros Al-Waleed (Paulson too) are selling the gold through citi, from IMF.

Obama already gave IMF ‘$108 bil. The gold being sold is worth $105 Bil. We paid for it already. Soros, Al-Waleed & China make money off it. Looks like$3 Bil missing.

If you connect the dots in those links, you will see the scam. Remember Rahm is Citi baby. He tanked it so Soros could buy cheap.

So we gave IMF Money. We bailed out Citi. Obama’s handlers, Soros & Al-Waleed buy Citi cheap, buy Gold through IMF & Citi, Sell gold to China. China sold treasury notes to buy the gold.

So now we don’t have Citi, money in IMF, treasury notes, or Gold.

In the meantime we paid for all this twice and are still getting robbed.

Here are a couple other miscellaneous links that tie in.

Obama’s $108 billion IMF bailout scheme

Same as IndyMac. Soros bought that at a steal too. pd $1.3bil

Geithner, Soros, IndyMac, AIG connection Soros bought Citi. Al-Waleed has huge stock in Citi.

A little info on Geithner, his dad and China.


This was brought to my attention after I had written the original:

Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says

MANCHESTER, Conn.–(BUSINESS WIRE )–The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.

The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.

The Fed’s disclosure came this week in a letter to GATA’s Washington-area lawyer, William J. Olson of Vienna, Virginia ( ), denying GATA’s administrative appeal of a freedom-of-information request to the Fed for information about gold swaps, transactions in which monetary gold is temporarily exchanged between central banks or between central banks and bullion banks. (See the International Monetary Fund’s treatise on gold swaps here: .)

The letter, dated September 17 and written by Federal Reserve Board member Kevin M. Warsh (see ), formerly a member of the President’s Working Group on Financial Markets, detailed the Fed’s position that the gold swap records sought by GATA are exempt from disclosure under the U.S. Freedom of Information Act.


  1. Longknife 21 says:

    Jo Anne is pulling the right string! But the truth is even more complicated. Goldman and othe Wall Street Big Boys have been manipulating the gold markets by selling “short” contracts they can’t cover. They then “buy” contracts that that seller can’t cover to clear the transaction. This would illegal for you or I, but the FED and the SEC lets ‘them’ do it.
    Soros is setting up a big rip-off. Remember PetroBras? The Brazilian offshore oil company that Soros bought into, and then his sockmonkey puppet Obama gave them 2 Billion$, while stopping any new offshore drilling here. The stock skyrocketed and Soros made a killing. Soros has bought 3.2 million shares in a small, but promising mining co., Great Basin Gold (GBG), according to SEC reports (usually about 30 days behind). The Treasury must deliver the gold to replace the tungsten bars they sold to China. That increased demand should increase the price, and Soros makes another killing.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s