There was an unusual news item out today, and I confess that I still don't know precisely what to make of it.

It's a report that Italy is now EXPORTING much "more gold" to Switzerland - the Land of the Banker Oligarchs. Thus apparently this gold gravy-train to Switzerland has been in operation for quite some time.

But NOW, just after a BANKSTER was planted on Italy's throne, by tremendous coincidence we see the flow of gold OUT OF Italy and INTO Switzerland accelerating RAPIDLY.

Note that we are talking about HUGE quantities of gold: 120 tons in 2011 alone...and nearly half of that was in the last 4 months. Let me repeat this, for the last 4 months of 2011 (and we have NO DATE for 2012 yet) Italy was "exporting" 15 TONS of gold to Switzerland PER MONTH.

Italy produces very little gold. This means that Switzerland is LITERALLY draining all of the gold out of Italy, and at this rate will have sucked Italy dry in less than 2 years.

MANY questions arise:

1) How long has Switzerland been (secretly) draining the gold out of Italy?
2) Is this ALSO happening with OTHER European nations?
3) WHO is buying all of this gold? (Note there is not one word in this article suggesting that the Swiss government is doing any buying.)

More specifically, how many TONS of this gold is falling into the greedy clutches of parasites with the name of "Rothschild"???

This is DEFINITELY a news item to (attempt to) follow in the months and years ahead...





"Recession hit Italy exports more gold to Switzerland"

www.bullionstreet.com/news/recession-hit...-to-switzerland/1590

Recession hit Italy exported more gold ingots to neighbouring Switzerland last month,according to Italian statistics agency Istat.

ROME(BullionStreet): Recession hit Italy exported more gold ingots to neighbouring Switzerland last month,according to Italian statistics agency Istat.

In a statement, Istat said exports to Switzerland were 35.6% higher than in February 2011 "mainly because of sales of non-monetary raw gold", statistics agency Istat said.

This was up from a 33.4-percent rise seen in January over a 12-month period.

The rapid rise of gold exports to Switzerland, however, is seen as a sign of continuing lack of confidence in Italy's economic prospects and a symptom of the government's crackdown on tax evasion and implementation of austerity cuts.

Italy exported a total of 120 tons of gold to Switzerland in 2011 -- a 65-percent increase from 2010. Almost half of that amount was exported in the last four months of the year as tensions on the financial markets peaked.

Total exports from Italy were up 2.1 percent from February 2011, while imports fell by 5.8 percent. The fastest-growing export markets after Switzerland were Japan (22.1 percent) and the United States (21.5 percent).

Imports were down 22.3 percent from Turkey, 20.4 percent from Japan and 11.5 percent from China, but imports from Russia -- a key source of natural gas supplies during a particularly cold winter -- were up 31.8 percent.

Italy's economy has been stuck in recession since the second half of last year and experts said improvements in the trade balance could be a tentative sign that Prime Minister Mario Monti's reforms are beginning to take effect.

*

Jeff what confused me was the term "exporting" is this a synonym form selling, or are the Italians borrowing against the gold or are they storing it there? What does exporting really mean?

Seb, I have no more details here than you do.

However, the plain meaning of exporting is OUTRIGHT SALE. "Loans", or simply posting collateral are NEVER considered to be a form of export, so not only is the gold being TRANSPORTED from Italy to Switzerland, but the clear implication is that title is passing from Italians to the Swiss as well.

So very clearly the Swiss are BUYING all of Italy's gold - as fast as they can. One wonders if Greece has ALREADY been vacuumed clean...?

P.S. Seb you might be connecting this with a previous commentary I posted about how the bankers were now (magnanimously) allowing the Euro debtors to use their national gold holdings as "collateral" for their debts...which they were about to default on.



Economic Rape of Europe Nearly Complete, Part II

However, we have no reason to connect what is taking place in history with the clumsy attempt by the bankers to get nations to simply "sign over" their gold. For one thing there is not the tiniest piece of evidence that this is part of any "official gold sales".

This is the confusing part of the report: WHERE is this gold coming from? And since the massive quantities suggest that some/most/all MUST be coming from Italy's national hoard, WHERE are the official announcements of those transfers - as required by international law?

Clearly there are MANY questions to be answered about this Swiss gold-vacuuming...

Or has Cash4Gold been busy in austerity-wracked Italy - Switzerland does contain a slew of major refiners.

Jeff, could this be a compensation for the bond hair cuts that the big elites have been taking ? Ofcourse with a banker servant on the seat in Italy I would not be surprised that he would have made such a hidden deal.

In any case, this sounds like more physical and leveraged paper for gold manipulation.

Maybe Berlusconi is just moving his assets in the event the latest "Bunga Bunga" court case goes against him.

Screwloose wrote:
Or has Cash4Gold been busy in austerity-wracked Italy - Switzerland does contain a slew of major refiners.

No doubt part of this traffic IS jewelry and other PRIVATELY held gold moving from Italy to Switzerland - as the report notes that significant quantities of gold had been moving from Italy to Switzerland PRIOR to the Italian debt-crisis.

However, at the very least we should attribute most (if not all) of the INCREASED flow to some non-private source - as it is the GOVERNMENT experiencing the debt-crisis, even more than its private citizens.

samix wrote:
Jeff, could this be a compensation for the bond hair cuts that the big elites have been taking ? Ofcourse with a banker servant on the seat in Italy I would not be surprised that he would have made such a hidden deal.

In any case, this sounds like more physical and leveraged paper for gold manipulation.

Samix, at this point there haven't been any haircuts on Italian bonds AND since they don't want to rock the boat for the banker in charge, the Wall Street terrorists having even been attacking Italy's debt market - like they are relentlessly doing to SPAIN (at the moment).

So I just don't see any reasonable SURFACE explanation for this sudden INCREASE in this flow of gold to Switzerland.

Seb, if Berlusconi were STILL in charge then I might buy your theory that he was preparing "a retirement fund" for himself. But at least it appears that the looting days are OVER for that particular Oligarch...except what he can beg/borrow/steal through his corporate holdings.