Belgium: Money-Laundering Toilet For Unwanted Treasuries
June 12, 2014 by goldguru · Leave a Comment
By Jeff Nielson, Bullion Bulls Canada
Yet another, massive fraud was uncovered in the U.S. Treasuries market recently, this time through the diligence of the ever-astute, Paul Craig Roberts (along with Dave Kranzler). While this clumsy money-laundering operation was briefly mentioned in a recent commentary which further exposed the fraud/lies associated with the Federal Reserve’s (phony) “tapering”, there is much more which needs to be said here.
As Roberts and Kranzler note in their original piece, the simple numbers involved make it clear we are dealing with a pathetically transparent money-laundering operation:
From November 2013 through January 2014, Belgium with a GDP of $480 billion [supposedly] purchased $141.2 billion of U.S. Treasury bonds. Somehow Belgium came up with enough money to allocate during a three-month period 29 percent of its annual GDP to the purchase of U.S. Treasury bonds.
As Roberts also notes; Belgium is another one of the West’s Deadbeat Debtors, with a (large) national debt, a budget deficit, a trade deficit, and a current account deficit. It didn’t have any money to allocate to the purchase of U.S. debt – let along forking-over 29% of its GDP in a mere three-month period. The supposed “purchase” is not only (economically) impossible for this debtor-government, there could be no possible legitimate purpose for such a (relatively) massive accumulation of any foreign debt.
It is a prima facie fraud, and thus (inevitably) a money-laundering operation. “Somebody” gave the Belgian government the currency to fund this sham-transaction. However, many notable questions remained unanswered in that original piece. Among the most important of these questions are the following:
1) From where did the ‘money’ come to fund this purchase?
2) Why did the U.S. government (apparently) feel compelled to engage in such a clumsy money-laundering operation?
3) Who dumped over $100 billion of U.S. Treasuries onto the market, in the span of less than a week – which necessitated this emergency money-laundering operation to prop-up the Treasuries market?
4) What will eventually become of these (fraudulent) bonds on the books of Belgium’s government?
In the original Roberts/Kranzler article; they strongly suggest who slipped the Belgian government enough funny-money to fund this purchase: the Federal Reserve. But this is only half an answer. Where did the Fed get the $141 billion, to (purportedly) fund this money-laundering operation?
This money-laundering took place at precisely the same time the Fed was claiming to be beginning the “tapering” of its own money-printing. As with Belgium’s deadbeat government; the Fed also did not have $141 billion simply “lying around” which it could allocate to that money-laundering operation, at that time. From where did the money come?
The Fed has not reported the creation of that amount of new/additional currency. It has not sold-off (supposed) “assets”, from which the proceeds could have been used to fund that (illegal) money-laundering operation. Indeed, the Fed itself is simply a massive toilet for worthless/fraudulent Wall Street paper. Ergo, if the Fed did fund this money-laundering operation, then it must have done so with unofficial – i.e. counterfeit – currency.
Of course, it wouldn’t necessarily be the Federal Reserve which counterfeited the money to fund this laundering of U.S. Treasuries. As Roberts, himself, notes; this purchase took place through the “Euroclear securities clearing system”. Thus it would be simpler (and therefore more likely) for this counterfeit currency to be (phony) euros originating from the ECB rather than (phony) dollars from the Federal Reserve.
As regular readers know; the European Central Bank is nothing less than a partner-in-crime with the Fed in perpetrating these endless monetary crimes/frauds, and both are instruments dedicated to serving the One Bank. With the Fed (very publicly) claiming to have started “tapering” its own money-printing; the bankers would have likely found it more discrete to use their European tentacle for this particular crime.
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