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Bank of England steals Venezuela's gold

Nov 13, 2018

Here is why one should be careful of allowing banks to hold your assets. You simply cannot trust them, because if they hold it, they think they own it. If you want it back, your request will be given consideration. But there are no guarantees.

Venezuela asked for its gold to be returned from its storage in the Bank of England. The bank is refusing, supposedly because they claimed that President Maduro himself might steal it from the Venezuelan people. Really? The problem is that the Bank of England ought not to have the power to make such a decision. It is not their gold. They are being paid to warehouse the gold, not to act like they own it. The bank does not have the right to refuse an official request.

It reminds me of what they did to Libya when Ghaddafi wanted to create a gold dinar for the North African nations. They stole 144 tons of gold from Libya, using the excuse that they could not in good conscience return it to Ghaddafi. And then the Deep State under Hillary Clinton’s State Department invaded Libya and killed Ghaddafi. “We came, we saw, he died,” she said later with a laugh.

It shows once again that bankers are thieves. No wonder Germany got nervous a few years ago and asked the Fed to return its gold.


The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country over the UK regulator's claim of growing uncertainty about Caracas’s intentions for the 14 tons of gold bars.

British officials are insisting that measures aimed at preventing money-laundering are taken, The Times reports. The Venezuelan government is reportedly expected to provide a clarification about its plans for the gold.

“There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the media reports citing unnamed sources.


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Category: In The News
Blog Author: Dr. Stephen Jones