Hugo Chavez Says to England: “Hand Back My Gold”

August 19th, 2011

FAKE NEWS for the Zionist agenda

Andrew McKillop
21st Century Wire
August 18, 2011

Today, Venezuelan President Hugo Chavez has ordered his nation’s central bank to repatriate $11 billion of gold reserves held in developed nations’ institutions such as the Bank of England, as prices power through one record high after another, smashing through $1800 per ounce today.

This puts the shoe on the other foot for Britain, who is normally used to asking for their money back. A long-running saga of the 1980s and 1990s was the strident demand by England’s Margaret Thatcher for the European Commission to hand back what she considered was Britain’s over-large contribution to European Union spending on themes that Mrs Thatcher did not like – for example trying to cut youth unemployment and stop industries delocalizing out of Europe. As she said: this was a wanton infringement of free playing go-go markets, with a dedicated urge to impoverish Europe, marginalize million of persons, de-industrialize the economy and destroy social solidarity. Her present day acolyte and admirer, David Cameron recently had a taste of what happens when too much Thatcher-type free market discipline comes home to roost.

CHAVEZ GOLD: Hugo is looking to get all his gold bullion back to the Central Bank of Venezuela.

Exactly like in the good old Soviet Union, you need one policeman every 200 metres along all main thoroughfares to suppress mob rage – and paying cops costs money. Hence, government spending rises.

Mrs Thatcher’s favourite finance minister Nigel Lawson was not in favour of it, but the late 1990s New Labour chancellor Gordon ‘Goldfinger’ Brown played the IMF game of breaking the back of gold bullion dealers attempts at driving gold prices to wantonly dangerously highs – say $ 350 per Troy ounce – in those dangerous days at the start of the millennium.

Gordon Brown sold around one-half of the Bank of England’s entire stock of gold in the 1999-2002 period at prices as low as $ 240 per Troy ounce. What a clever boy.

Venezuela is estimated to hold more than 210 tons of its 365 tons of gold reserves in European, Swiss, US and other banks, but will now progressively repatriate its bullion, Chavez announced on Wednesday August 16.

Outside the central banks, like the UK Bank of England, Venezuelan gold is held by several of the highly discreet, even secretive authorized bullion banks – JPMorgan Chase, Barclays Plc, Standard Chartered Plc and HSBC plc. When the Venezuelan gold is handed back, they will likely have to move fast to replace it – through buying on the open market.

FREE MARKET LIBERALS CAN ONLY GO SO FAR

Chavez has a well-rehearsed rent-a-crowd revolutionary image, but when it concerns stashing his country’s gold, Chavez clung to the decisions of his predecessors steeped in admiration of Mrs Thatcher’s free market ranting and blethering. Nearly one-half of all Venezuelan gold “parked” in the capitalist world’s central banks was held in Thatcher’s England, from very early on. As Chavez said, August 16: “We’ve held 99 tons of gold at the Bank of England since 1980. I agree with bringing that home. It’s a healthy decision.”

The Venezuelan decision was simultaneously announced by central bank president Nelson Merentes, noting that for the world’s 15th-largest holder of gold reserves, repatriating the yellow metal is not unassociated with its 28 percent price leap, to date, in 2011. His colleague, Venezuelan finance minister Jorge Giordani hinted the real reasons for why Chavez is pulling his gold back home at this moment. He referred to the weakening U.S. dollar, the near-default by the U.S. government on its sovereign debt, and the pan-European sovereign debt crisis which all signal danger for Venezuela’s savings in the shape of yellow metal. This could opportunistically disappear or get sucked into IMF “virtual gold” operations, swapping real gold against SDRs but pretending the liquidated gold is still there, safe and comfy in a vault somewhere, and not replaced by titanium alloy bars with a thin covering of real gold.

Chavez could or may also have taken stock of what is happening to oil – which supplies around 95 percent of Venezuela’s national revenues, exactly like Saudi Arabia. In a nosedive of the global economy, oil prices will seriously tank but gold prices could go on growing. Simply to buy food, it will be handy to have those 210 tons of yellow metal on site and in place.

REVENGE IS NIGH

Chavez may only be an expense account revolutionary, but his gold repatriation decision will have quick and strong anti-Chavez results. Apart from the UK gold stash, Venezuela parked even more tons in Switzerland, and a large amount in the USA, too. The key term to describe the revenge action against Chavez is “attachment risk”, in arbitration case rulings able to freeze Venezuela’s international assets, very surely cut its credit rating, and raise interest rates on Venezuelan debt.

Even prior to the Chavez decision, Venezuelan bond pricing already incorporated a sizeable premium on its lack of transparency (at rates as high as 14 percent) but his gold repatriation decision is a geopolitical signal for Venezuelan bond prices to fall further and interest rates to go on rising.

More succinctly, the arrival of gold at Caracas airport could be simply an attempt by Chavez to spend his way back into another presidential mandate, using the gold for politically motivated spending ahead of next year’s presidential elections, and pre-emptive effort by US oil corporations to punish Chavez for booting them out of the huge potential, Orinoco oil sands. While Venezuelan paper dollar assets can easily be frozen, this does not apply to metallic gold.

After Venezuela, the logical question is: what country is next?

Apart from other oil exporters who are well worth analyzing relative to their gold holdings, we will surely find that Europe and the USA have the biggest potential gold scandals lurking under the “keep the party going” rhetoric.

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Comment Rules

49 Responses to “Hugo Chavez Says to England: “Hand Back My Gold””

So if I get elected does the country’s gold become MINE? Chavez wants his gold back!
What a crock. How about he wants his countrymen’s gold back? Being a dictator, being buddies
with Gaddafi (who tried to set up a gold backed currency), Hugo best be watching his back if he gets the gold! Look what happened to Muammar. Just saying so don’t blame it on whitey, onion.
It is the international banks, specifically the Rothschilds, who have been race baiting us all for centuries! Do a little research before you start calling people names!
By the way onion, the scumbag Rothschilds finance both sides in any war to insure the debt slavery of the winner and loser.
Sorry Hugo ,your going to have to get in line with all the other nations that the selfproclaimed nobility in Buckingham Nephilim palace has ripped off and raped.Illuminanti=the Nephilim, Jesus Christ is Lord,nibirupedia.com
- It will be interesting to see how it all plays out.
The way to counteract this negativity is with positivity. We must fight despair with hope. Only through faith will we get through these trials. If you agree, just click on my name and join the discussion. Start a movement.
I wonder how the BOE is going to get out of this one. I’d be very surprised if they’ve even GOT 99 tons of gold to hand over to Chavez. Very glad to see him calling them out. Wish we could find out what happened to the gold in Fort Knox and in the World Trade Center…
2012?
Food is priceless and gold will be worth nothing when the stuff hits the fan remember to buy food and water more than gold no one will sell you their food or water source for gold when the end comes hell steel will be more useful than gold don’t get me wrong it has a place but it’s not as high as food and water.
- I agree with you. I think the really valuable thing will be real estate that can grow food and that has drinkable water, which is probably why Buffet is buying up RE. The next most valuable thing is survival skills as people now (including me frequently) don’t know how to grow food, hunt, dress meat, fish, make clothes, or do much of anything that is really useful. Everyone is so dependent on a crumbling system of specialization.
- Pure sense
- Thanks for your support below it is duly noted.
- piotex…Gold is nothing more than money used to buy food…I don’t see it as exclusively gold nor do i see it as exclusively food. All the food in the world will not save you if you have no way of protecting it. Guns can protect and be a means to catch food but I wouldn’t want just guns, I would need ammunition.
Get your gold out of England the land of death.
COME ON PEOPLE, WAKE THE HELL UP! CHAVEZ ISN’T GETTING HIS GOLD BACK. HIS DUMB

ASS SHOULD OF GOT HIS GOLD BACK EARLIER LIKE TWO YEARS AGO. THOSE CENTRAL BANK

DEVILS ARE GOING TO PUT ALL OF HIS GOLD ON A CHEAP ASS PLANE AND SHOOT THE DAMN

PLANE OUT OVER THE OCEAN FOR HIS DUMB ASS MAKING A PUBLIC ANNOUCEMNET ASKING

FOR HIS GOLD BACK. THIS IS THE TYPE OF DEVILS THAT THE WORLD IS DEALING WITH.

PEOPLE NEED TO WAKE THE HELL UP. THIS IS FALSE FLAG SOUTH AMERICA READY TO

HAPPEN REAL SOON. AND IF HE SOME HOW GOING TO GET HIS GOLD BACK WHAT IN THE

HELL IS HE GOING TO DO WITH IT. THINK ABOUT IT, IF THESE DEVIL BANKERS CAN MAKE

PAPER MONEY WORTHLESS THEN WHY DO PEOPLE THINK THAT THESE SAME DEVILS CAN’T

MAKE GOLD WORTHLESS. CAN YOU EAT PAPER MONEY? CAN YOU EAT A FUCKING GOLD BAR?

IF PEOPLE WERE SMART, YOU WOULD BE PUTTING YOU MONEY INTO FOOD AND CLEAN

WATER. BECAUSE ONCE FOOD AND WATER ISN’T AS EASY AS GOING TO THE STORE TO GET

THEN WHAT ARE YOU GOING TO DO! WAR MACHINE OUT!
- I agree.
- They will have to give him the gold or the banks credit ratings will collapse and there will be a run on the banks. Nobody is going to leave any money in a banking system once its known the banks will just steal your deposits.
Ye, The Bank of Rosthchild /England give it up
I see Mr Chavez succumbing to “cancer” very soon.
Chavez is right! Get you Gold boy! The Rothschild British Empire will be furious.
Like ” All the gold of the world belongs to us. AAAAHhHHRRRRRRRGGGHHH ”
I can’t wait for the evil Rothschild dynasty to finally keel over and go belly up. Good riddance!
We get our impressions of who the dictators are from the same source that tells us they are for democracy and fair play. What constitutes a dictator. Is it some like mumar Ghadaffi who arms his ppl so they can protect themselves, Or Chazea who brings back the ppl’s rights to his country. Maybe it is Castro who wont play the Imperialist game. Or maybe it is the other countries who control their ppl out of fear. America can never be called a dictartoship right.
Mind your own affairs and take your nosses out of other ppl’s A$$ES and you will be a lot better suited to talk with some credability.
In infowar terms.
STFU and mind Your own business.
- This is comical and I just can’t stop laughing. This is priceless.
  Everyone is talking about take your money out of the banks before it is too late and you cant trust the british scum or the wall street scum. Yet when Chavez takes his countries gold he is subject to critisism. WTF.
  - Have some compassion for the people cause they get brainwashed every day. It took me years to deprogramme myself and I was amazed finding out that I had been fed lies all my life. It’s hard to open your eyes and see all that shit and deceit.
    - Agree!! It’s taken me a while to come to my senses and stop listening and trusting these no good MF’s. It’s sad to watch and listen to people that still get all their information from TV. We are in one huge F-uped mess for sure.
  - My bad duly noted and I stand corrected because I too had the same problem. At first I got it and then after I became grown up and started to work and get ahead, then the civil rights laws came into effect I actually thought things would get better especially when I started to excel, a and got educated as a Union Electrician and went ot work for NASA. I was starting to get ahead and so I quited my sences down to a trickle but still was not accepting of this governments role in the world.
    I have been critisized by my own ppl in mass at meeting for my views about the many atrocities of the Gulf war and other wars calling for the Blacks to bakc off and let the whites fight their own battles. I see more everyday that it is me who needs restructuring and not the world. The world is an illusion and I have to keep telling myself that everyday as if I were some sort of moron who just doesn’t get it.
    - I say illusion in the spiritual and mental sence. Things happening are real but the outcome is only real the way to these outcomes start with the illusion that they are real and soon they manifest in our lives as reality because we associate with them and acceopt them as reality. Creation is something we inherited from our creator as being made after his likeness and his kind.
      Another reason I use the word illusion is that I hold the place, and stand in that the creators world is the only reality and this is not it.
    - Onion. Let it go, stop seeking approval from the white man. I can tell that you have pent up frustrations that you try to put across in a diplomatic way. I’m here to tell you it doesn’t make a difference
      
      Your instincts are right, the injustice you feel inside is justified. Don’t allow this site and the influences in your personal life to dissuade you from the truth
      
      Read the game, play the game but don’t get played. thats the only way to survive as an individual in this current world
    - I aint seeking approval I just think that we all go threw this phase. The ppl at this site not all are hung up on the Tea Party rhetoric and some form of them bringing back the past confederate flag or something. They all feel deep down that they are in control and that this is their country.
      I Regardless of this it is a fact that we are all created by the same creator. And we all must succumb to the same spiritual conciousness. I attemto only to be able to see how ppl are willing to give up the past and move forward with something different. I aint got no pent up frustrations I seriously think all this crap is very comical and I laugh all the time at the silly comments by ppl who want to bring back some old style anglo society. Their idea of reality is following some Mormon fools or some evangelist idiots. They are the ones who should let go.
      You should attempt to understand ppls need to want to change especially if that change is for the best and not going back in time to a place of ignorance and stupidity that we tried to get away from 5 years ago. I realize these pple are not going to have any effect on anything and that is a fact.
      I get lots of sex from some pretty exiting women and I am surly pleased with myself these days. I am already a free spirit and not much can disturb my conciousness these days.
      Don’t be so hard on them they are just are stuck in the dark.
      It is up to us to help them see. It doesnt cost anything except for a conversation. Your soul and spirit will stay intact.
It is the ppl who suffer for the war crimes from america. Call Chavez what you want. It is not your country so STFU. You cant even get your own crap A$$ country in gear but are so concerned over Venezuela. Bunch of losers wanting to label everyone and have them accept your way of thinking. Take the log out of your own eye before being so overwhelmed about the splinter in mine. Chavez is not planning on attacking America and neither is any other country. I hear I don’t like Chavez, and all sorts of negative info. Infowarriors. Who are you exactly at war with. War on drugs, war on poverty, war on the poor blacks, war on Iraq, War on Iran. War on the looters in london, War, War, kill them all is so fregan normal in the american language. But noooo we must be right cause we are the most educated and productive. They really don’t need reasons when they can just fabricate one and change it whenever necessary.
Is that his gold (Venezualian ppl’s) or is it not and who has the authoriuty over his gold.
I suppose it is for the inforwarriors to decide what is to happen to Chavez’s gold. You all know the answer to everything except for your own problems. Cut the whinning and act like grown up adults.
Tell me what I can do with my gold and I will just tell you to shove it up your A$$ if you don’t like it. Possibly you will feel exactly what you are looking for.
War obsessed fools are going down if they can’t get their act together. Even your own country and government is wanting to shut you down. Does this in any way ring any kind of bell except for war, war, war, American has never won any war ever. Even the civil war is still being fought by the stupid, narrow minded, hate filled. confederate idiots and freaks.
I don’t see this site being much more than a discussion platform which has been turned into something to support Ron Paul and any other Tea Party degenerate.
When will there be someone with some real learning capacity and some since of reason come forward and stop all this crap talk over nothing.
Mind your own business is a better way to say it if I were at a loos for words.
- @Onion So where you from obviously not from the U.S so where then might I ask.
  And why are you attacking the people here for knowing the truth?
  You my friend are the degenerate that would like us to belive your lies but we know the truth we are not sheeple we are the ones that stand up when oppressed by the tyrants of the world.
  And you ask who we are at war with and you call us dumb (lol) you know nothing about our cause.
  We fight for everyone who is oppressed by tyrants not just for our homes but for yours as well when we beat them here then we will help you get rid of them there we fight for FREEDOM and to subvert the nwo so now you know.So next time don’t just come in here attacking people and being a nooby troll that works for the government we know what you are…. a coward.
  I will not respond to you for being obtuse so do not bother trying.
  - Piotes are you insane. My freedom comes from my creator and myself. You must be crazy as a bat. depend on any white person to give me anything especially what you call freedom or some other twisted framework that has never worked before.
    You think you are some intelligent person and can’t even tell the difference between your ignorance and reality. Ohh yeah I am waiting to be freed by some white man.
    Do you even realize how stupid that idea is or are you just retarded.
Poor old Chavez, now he’s going to find out, like the rest of the world, that THERE IS NO GOLD INSIDE THE BANK!

Tungsten maybe.
THOUGH THAT BEST HAS DESTROYED VENEZUELA, I HAVE TO ADMIT THAT IT MAKES ME VERY HAPPY TO SEE HIM HURT THE GLOBALISTS BY ASKING FOR VENEZUELA’S GOLD BACK!!!

THIS WOULD GIVE MME THE ANSWER OF WHY THAT BEST HAS BEEN GIVEN PERMISSION BY GOD TO STAY IN POWER FOR SO LONG, DESPITE ALL THE EVIL HE HAS DONE AGAINST VENEZUELA AND ITS PEOPLE!!!
NICE MOVE BY CHAVEY
- NOT THAT I LIKE THE MAN… BUT NICE MOVE
HERE COMES THE US LED ‘INVASION.’ Just like Libya, if you don’t sell out to the economic hit men, we’ll bomb you! Read the book Confessions of an Economic Hit Man.
Who needs gold! uuug I’ve got Jesus the creator of it!

It IS SAID in the Bible, if you take the whole world and crack it in half wide open that all the riches you would find there in precious stones metals would never even compare to God’s true riches in Love joy, peace of mind! etc.
- You fail to differentiate between “riches” and mere financial survival, brother Eric.
  
  Using your context, I would ask, who then needs water?
- I agree with you wholeheartedly brother eric.. Yet the bible also calls on people to provide for their family the basic needs of life. It is okay to have more than you need if you share it.
  Because giving is more blessed than receiving.
WTH,,I would do the same,If they dont it may disappear mysteriously
Every nation that intends to guard its sovereignty needs to call in its physical gold NOW.

The criminal banksters are pulling the props out from under world economies.

Its either going to be REAL gold silver or HUNGER HOMELESSNESS, and

that has been the Globalists’ master plan all along.
Venezuela will be invaded to get the gold, a la Lybia if the gold does go back home to Hugo country.
- Could happen regardless, sister Tx. If I recall, only 99 tons (“only,” sheesh!) is being called. He already has the other two thirds of their holdings in-country.
  
  He knows that this move will likely cause the collapse/chaos with the markets – specifically hurting JPM because of their short position.
  
  I find it laughable that people (even people around here), equate people supporting this action as “anti-American.”
  
  He’s a scumbag dictator, but since when does JPM or the bankers represent “truth, freedom and the American way?” It’s one scumbag taking a shot at a more powerful group of bigger scumbags.
  - Yep, WakeUp, one type of dictator (physical) calling the other type (financial) out. Head butting each other.
    
    Should be interesting, if it would not directly affect every single one of us in a bad way.
Hugo had better invest in an x-ray machine use it prior to signing off on the delivery, if he wants to avoid tungsten covered in gold.
All the gold is gone has been for a long time! He is calling them out. Get ready for all out total chaos! The elite secret is out!!!!!! Be prepared!!! Good bye dollar!!!!!!!!!!!!
That is a very wise move on Hugo’s part……….the UK and U.S.A. cannot be trusted…………This is great way to throw a wrench into the nwo’s smoke and mirror game……….

Now the true motives of the U.S. will be exposed as the casino’s curtain of deception has been has been challenged………….phuk obama!
- It’s not the “true motives of the U.S., brother Hunter.
  
  It is the true motives of the money masters. It is THEY who control the economies of countries who are signatory to their control through their central banks.
  
  The founding fathers warned about this.
To whom did Gordon Brown sell half of Britians gold? And why? Was he ordered to sell the gold?
- That’s easy, brother Fin. The gold went to the same people that have purchased real assets for fake assets (fiat currency) for over a century … The central bankers, my friend.
- Of course he was told (ordered) to sell the gold, dont play dumb. He, Gordon Brownose was a, bone us a bunch baby. Phck Gordon and I hope it hurts. A lot.