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Originally posted by FatherLukeDuke
Originally posted by thoughtsfull
BTW the link a just below that says Hansard is a link the official transcription of the speech given by Lord Blackheath in the House of Lords. There is a recording of the televised version of the speech knocking around.. not sure if that is enough gravitas for you
Not really, we have all sorts of idiots in the House of Lords, and it's all televised. At the end of the day, he hasn't presented a shred of evidence for this bizzare story, and lots of it doesn't add up.
Sounds like he's been hoaxed...that's why people were laughing.
Originally posted by Smokersroom
And the fact that two other lords also stated that they were aware of the investigation, and had facilitated it? All on record?
And you think that Foundation X are hoaxing someone who ran multi-million pound money washing operations for British secret services?
Originally posted by infinite
Also, someone is rapidly buying up our bonds
- and it's not the British government or the Bank of England.
The Treasury has already met its borrow costs for the year. Someone has given them the money.
Originally posted by thoughtsfull
Great points.. I just can not help but wonder on this one.. the kicker for me is the "bullion" remark.. I mean, how would disclosure of this extra bullion help, wouldn't it simply drive down the value of gold? (perhaps that is the con, drive down the price of gold?)
...
Originally posted by candide
Originally posted by thoughtsfull
Great points.. I just can not help but wonder on this one.. the kicker for me is the "bullion" remark.. I mean, how would disclosure of this extra bullion help, wouldn't it simply drive down the value of gold? (perhaps that is the con, drive down the price of gold?)
...
It really depends on how the gold is to be used. The Euro unlike the US dollar uses gold explicitly as a monetary reserve asset.
A large amount of gold could be extremely useful if for example the current international reserve currency (US Dollar) were to collapse and the Eurozone were to attempt to step into that role.
If you are familiar with FOFOA, his newest post goes into some great detail on how/why that could happen.