Cultocracy note :
Less publicized is what happened to the reserves of gold & cash looted from the various countries that were targeted in the ‘War on Terror’ . Also less publicized was the plan by Libya & Iraq to create new trading platforms for their oil reserves , thereby bypassing the petrodollar . The Federal Reserve & the wider Banking Cartel has access to detailed financial information on every country in the world , knowledge is power .
The Banking Cartel has close ties with most ‘intelligence’ organisations , particularly in the US & the UK . Politicians & establishment figures are bought & traded like any other commodity .
Libya & Iraq both held large reserves of both currency & gold , some of the stash was undoubtedly used to finance the proxy mercenary outfit I$I$ . Smaller sums went on to finance terror outfits subcontracted by Africom .
The rest was probably shared between the warmongers , traitors & profiteers , which would include many UK establishment puppets & organisations .
The Banking Cartel only serves itself .
One ring to rule them all .
How the Federal Reserve serves U.S. foreign intelligence
By – Reuters
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington.
Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others, according to more than a dozen current and former senior Fed and Treasury officials.
The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a “need to know” confidentiality exception in the Fed’s service contracts with foreign central banks.
The exception has allowed Treasury, State and Fed officials without regular access to glean information about the movement of funds in and out of the accounts, those people said. Such information has helped Washington monitor economic sanctions, fight terror financing and money laundering, or get a fuller picture of market hot spots around the world.
Some 250 foreign central banks and governments keep $3.3 trillion of their assets at the Federal Reserve Bank of New York, about half of the world’s official dollar reserves, using a service advertised in a 2015 slide presentation as “safe and confidential.”
The Bank for International Settlements, other major central banks and some commercial banks offer similar services, and clients usually have more than just one account. But only the Fed offers direct access to U.S. debt markets and to the world’s reserve currency, the dollar, making the U.S. central bank the top provider of this so-called custodial banking business.
In all, the people interviewed by Reuters identified seven instances in the last 15 years in which the accounts gave U.S. authorities insights into the actions of foreign counterparts or market movements, at times leading to a specific U.S. response.
In one relatively recent case, data from these foreign accounts offered U.S. authorities a sense of the mood in Moscow in March 2014, after Russia’s invasion of Crimea prompted the United States to respond with economic sanctions.
When foreign holdings at the New York Fed plunged about $115 billion, U.S. officials confirmed what others could only suspect, according to two former Fed officials: Russia’s central bank had pulled its funds.
While the Kremlin’s public response was defiant, Fed and Treasury officials concluded Moscow feared the United States would freeze Russia’s assets even though the account was not included in the narrow scope of the sanctions, according to one former official.
After about two weeks, Russia’s central bank returned most of the money to its Fed account, but the incident made officials monitor the account more closely for signs the sanctions had forced Moscow to draw down its reserves, the same source said. It was unclear what effect the sanctions had.
The Bank of Russia said it would not comment on “details of its operations and interaction with partners.” The Russian Embassy in Washington did not respond to an emailed query.
The Fed acknowledged the practice of disclosing account intelligence, but declined to comment on individual clients.
“While our account agreement does provide for the sharing of information with the U.S. government in limited circumstances, we require a clearly demonstrated need for the information and a commitment that the information will be treated confidentially,” said a New York Fed spokeswoman. “This exception has been used on rare occasions and on a limited basis for such issues as compliance with sanctions requirements and anti-money laundering principles.”
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- How Britain funded I$I$ in Syria
Also related :
- Reasonable Person Conclusion: Libya’s Gold Reserves of 100+ Tons Have Been Stolen by Bankers
- Where is Muammar Gaddafi’s money? (Panama Papers)
- How Goldman Sachs Lost $1.2 Billion of Libya’s Money
- Libya’s Hidden Wealth May Be Next Battle
- Hillary Emails Reveal True Motive for Libya Intervention
- Declassified Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency
Further related :
- What happened to Iraqi Oil Money ?
- Where’s our missing $17bn?
- CENTRAL BANK DENIES the THEFT of 10 TONS of GOLD
- Fed’s $40 Billion Iraqi Money Trail Goes Cold
- Iraq Purchases 55,000 Lbs Of Gold In Preparation For Rothschild’s Gold Standard Reset
- Was the Iraqi Shift to Euro Currency to “Real” Reason for War?
- Not Oil, But Dollars vs. Euros
- I$I$ half-a-billion-dollar bank heist makes it world’s richest terror group