Published On: Sat, Mar 15th, 2014

Ukraine’s Gold Reserves Secretely Flown Out and Confiscated by the New York Federal Reserve?

Michel Chossudovsky (CRG) : A Russian Internet news site Iskra (“Spark”) based in Zaporozhye, eastern Ukraine,  reported on March 7, that  “Ukraine’s gold reserves had been hastily airlifted to the United States from Borispol Airport east of Kiev”. This alleged airlift and confiscation of Ukraine’s gold reserves by the New York Federal Reserve has not been confirmed by the Western media.

gold-2.siAccording to Iskra NewsAt 2 a.m. this morning [March 7] an unmarked transport plane was on the runway at Borispol Airport (right) [east of Kiev]. According to airport staff, before the plane came to the airport, four trucks and two Volkswagen minibuses arrived, all the truck license plates missing.

Fifteen people in black uniforms, masks, and body armor stepped out, some armed with machine guns. They loaded the plane with more than 40 heavy boxes. After that a mysterious man arrived and entered the plane. All loading was done in a hurry. The plane took off on an emergency basis.

Kiev_Airport_Ukraine_CRGThose who saw this mysterious special operation immediately notified the airport officials, who told the callers not to meddle in other people’s affairs.

Later a returned call from a senior official of the former Ministry of Revenue reported that tonight, on the orders of one of the new leaders of Ukraine, the United States had taken custody of all the gold reserves in Ukraine.” Сегодня ночью из “Борисполя” в США страртовал самолёт с золотым запасом Украины,  iskra-news.info. Zaporozhye, Ukraine, March 7, 2014, translated from Russian by the Gold Anti-Trust Action Committee Inc (GATA), emphasis added)

Following this disclosure, GATA’s Secretary Treasurer Chris Powell requested the New Federal Reserve and the US State Department to indicate whether the NY Fed had “taken custody” of Ukraine’s Gold.

A spokesman for the New York Fed said simply: “Any inquiry regarding gold accounts should be directed to the account holder. You may want to contact the National Bank of Ukraine to discuss this report.”

GATA’s similar inquiry of last night to the U.S. State Department has not yet prompted any reply.

Last night GATA called this issue to the attention of about 30 mainstream financial journalists and newsletter writers in the admittedly bizarre hope that they might pose the question as well.

1) The first rule of mainstream financial journalism and particularly financial journalism about gold is never to put a specific critical question about the monetary metal to any of the primary participants in the gold market, central banks. That is, nearly all gold market reporting is, by design, irrelevant distraction at best, disinformation at worst.

2) The true location and disposition of national gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons. Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

While the unconfirmed report regarding Ukraine’s gold reserves has not been the object of coverage by the mainstream financial news, the story was nonetheless picked up by the Shanghai Metals Market at  Metal.com. which states, quoting a report from the Ukrainian government, that Ukraine’s gold reserves had been “moved on an aircraft from Kiev to the United States… in 40 sealed boxes” loaded on an unidentified aircraft.

The unconfirmed source quoted by Metal.com, says that the operation to airlift Ukraine’s gold had been ordered by the acting Prime Minister Arseny Yatsenyuk with a view to safe-keeping Ukraine’s gold reserves at the NY Fed, against a possible Russian invasion which could lead to the confiscation of Ukraine’s gold reserves.

On March 10, kingworldnews, a prominent online financial blog site published an incisive interview with William Kaye, a Hong Kong based hedge fund manager at Pacific Group Ltd. who had previously worked for Goldman Sachs in mergers and acquisitions.  ‎

The Spoils of War and Regime Change

ben_davisklein_GOLD_UKRAINE_CRGOf significance in this interview with William Kaye is the analogy between Ukraine, Iraq and Libya. Lest we forget, both Iraq and Libya had their gold reserves confiscated by the US:

Kaye:  “There are now reports coming from Ukraine that all of the Ukrainian gold has been airlifted, at 2 AM Ukrainian time, out of the main airport, Boryspil Airport, in Kiev, and is being flown to New York — the presumable destination being the New York Fed….

Now that’s 33 tons of gold, which is worth somewhere between $1.5 billion – $2 billion.  That would amount to a very nice down payment to the $5 billion that Assistant Secretary of State Victoria Nuland boasted that the United States has already spent in their efforts to destabilize Ukraine, and put in place their own unelected  government.

Eric King:  “Whether the United States is taking down Saddam Hussein in Iraq, or Muammar Gaddafi in Libya, there always seems to be gold at the end of the rainbow, which the U.S. then appropriates.”

Kaye:  “That’s a good point, Eric.  The United States installed a former banker in Ukraine who is very friendly to the West.  He is also a guy with central bank experience.  This would have been his first major decision to transport that gold out of Ukraine to the United States.

You may recall that allegedly the logistical requirements prevented the New York Fed from returning the 300 tons of gold the United States stores for Germany back to Germany.  After a year of waiting, the New York Fed only sent Germany 5 tons of gold.  So only 5 tons of gold was sent from the Fed to Germany, and it wasn’t even the 5 tons that had been originally stored with the Fed.

Even the Bundesbank has admitted that the gold sent to them by the New York Fed had to be melted down and tested for purity because it wasn’t Germany’s original bars.  So how is it, since logistical requirements are supposedly such a major issue, that in one airlift, assuming this report is accurate, all the gold Ukraine possessed in their vault was taken out of Ukraine and delivered to the New York Fed?

I think anybody with any active brain cells knows that just like Germany, Ukraine will have to wait a very long time, and very likely will never see that gold again.  Meaning, that gold is gone.” (KingsWorldNews, March 10, 2014, emphasis added)

Michel Chossudovsky, Centre for Research on Globalization

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  1. Arklight says:

    Ukraine’s gold safe with the Fed? That’s rich. HAHAHAHAHAHA—Oh, HAHAHAHAHAHAHAHAHA – - HEEHEEHEEHEE – - gasp, choke, wheeze – -

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