British judge denies Venezuela access to $1 Billion gold in bank vault

A British judge on Thursday refused to give Venezuela control of over $1 billion in gold sitting in a Bank of England vault, ruling that it is unlawful to give it to the President Nicolás Maduro since Britain does not recognize him as the president.

Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic.

But the central bank for the United Kingdom, whose government recognizes Venezuelan opposition leader Juan Guaidó as his country’s legitimate leader, had refused to hand it over to Maduro’s socialist administration.

[link to apnews.com (secure)]

Do not forget

ALL of Libya’s gold was sent to the UK after Ghaddafi was toppled by OBAMA & HILLARY

It’s still there “for safekeeping”

Remember Ghaddafi was on the verge of issuing a Gild-backed Currency

Libya was one of few countries NOT on the Central Banking System - and they always end up on the “enemies” list

Libya
Iran

Add 2-3 more I forgot

The term exorbitant privilege refers to the benefit the United States has due to its own currency (i.e., the US dollar) being the international reserve currency. Accordingly, the US would not face a balance of payments crisis, because it purchased imports in its own currency.



In France, it was called "America's exorbitant privilege" as it resulted in an "asymmetric financial system" where foreigners "see themselves supporting American living standards and subsidizing American multinationals".

As American economist Barry Eichengreen summarized: "It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one."

In February 1965 President Charles de Gaulle announced his intention to exchange its U.S. dollar reserves for gold at the official exchange rate. He sent the French Navy across the Atlantic to pick up the French reserve of gold and was followed by several countries. As it resulted in considerably reducing U.S. gold stock and U.S. economic influence, it led U.S. President Richard Nixon to end unilaterally the convertibility of the dollar to gold on August 15, 1971 (the "Nixon Shock"). This was meant to be a temporary measure but the dollar became permanently a floating fiat money and in October 1976, the U.S. government officially changed the definition of the dollar; references to gold were removed from statutes


[link to en.wikipedia.org (secure)]


Many Trump supporters seem to think that Trump is going to bring the Gold Standard back ... how could that be?

With the current system America can pay all it's bills just printing money out of thin air, Donald just donated trillions to the Wall Street and is talking about negative interest rates ...

Who but a fool would trust us now?

would you give GOLD to a socialist

I just wonder what happens when every one asks for there gold back

would you give GOLD to a socialist

The gold is most likely gone.

UHH whats that called again? Oh ya thats called stealing...

Given to the annunaki who need the gold to protect the atomosphere on their home planet.

The gold is most likely gone.