Three related items all having to do with intelligence and integrity lost.
It is believed that some 60% of Germany’s gold is stored outside of Germany and much of it in the Federal Reserve Bank of New York.
Germany and other central banks may follow in Hugo Chavez’s footsteps and repatriate their gold to Germany so as to have direct possession of and ownership of their gold reserves in order to be better prepared for a systemic or monetary crisis.
According to a list compiled by independent blog,American Kabuki, at least 122 banking directors, CEOs, and board members of both national and international stature have resigned since September of last year. The blog recently posted a list of all 122 of these individuals with links to the announcements and reports of their resignation.
Iceland’s former Prime Minister Geir Haarde on Monday (5 March) became the world’s first leader to be put on trial on charges of negligence over the 2008 financial crisis. Haarde, who was a premier from 2006 to 2009, is being accused of “gross negligence” in failing to prevent the collapse of Iceland’s top three banks – Glitnir, Kaupthing and Landsbanki – all heavily involved in risky investments on the US real estate market. One of the main architects of Iceland’s transformation from a fishing nation into a financial services hub, Haarde is also accused of failing to control the country’s fast-growing banks and of having withheld information indicating the country was heading for financial disaster.
Phi Beta Iota: We certainly hope Germany plans to drill many of the gold bars to determine if they are 100% gold or severely diminished in their core with titanium. The bank resignations have not been accompanied by arrests, so this is all theater. Change the face, keep the criminal enterprise as before. As for politicians being held accountable, that is hard to imagine in today’s environment of “anything goes.” Iceland seems to be the ONLY country now combining intelligence with integrity in the aftermath of the legalized crime spree by Goldman Sachs, Morgan, Citibank, Wells Fargo, Bank of America, etcetera.