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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (175555)	7/30/2021 8:24:59 AM
From: marcher	2 Recommendations Recommended By ggersh maceng2 Read Replies (1) \| Respond to of 219207

stealin' gold, regardless... via jesse: The Saga Continues: Venezuela’s 31 tonnes of seized gold at the Bank of England 28 Jul 2021 ...The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets”. ... On 2 July 2020 the judge in the High Court case, Sir Nigel Teare, said that the UK Government had, through it’s 4 February 2019 statement, legally recognised Guaidó as constitutional interim president of Venezuela. ... lawyers for the BCV Maduro Board immediately then said that they were going to appeal the judgement in the Court of Appeal... ...,The Court of Appeal then...overturned the judgment of the High Court which had “unequivocally recognised Guaidó as President of Venezuela", with Lord Justice Males of the Appeal Court saying that the UK’s recognition of Guaidó “is to my mind ambiguous, or at any rate less than unequivocal“. This Appeal Court ruling then sent the Maduro vs Guaidó case back to the High Court. In early January 2021, the European Union (EU) that it did would not continue to recognise Guaidó as Venezuela’s president because Guaidó had lost his position as head of the Venezuelan National Assembly during December 2020 elections, when Maduro regained control of the Venezuelan Parliament. ...A ruling in favour of Guaidó will mean that the UK Government can at will seize control over state assets of foreign governments held at the Bank of England and elsewhere, and such a ruling would send shockwaves internationally about the notion of sovereign property rights, and how they are treated in the City of London, and wider England and the UK. A ruling in favour of Guaidó also creates a worrying situation where a government executive (HM Government) can intervene and interfere into the judiciary using claims which have no basis in reality – i.e. Guaidó has no control over the Venezuelan central bank, nor it’s employees, nor is he even recognised by the EU as president of Venezuela, nor is he recognised as president by a vast list of countries including China and Russia, nor is he even leader of the Venezuelan national assembly anymore. Over 70 sovereign nations hold gold in storage at the Bank of England including many nations in South and Central America and across the Middle East and Asia. If the Supreme Court rules against the BCV and in favour of Guaidó, and creates this precedent that sovereign gold reserves are not safe in London, expect the sound of many phones ringing at the Bank of England from central banks around the world trying to line up their gold withdrawal and repatriation requests. That in itself would be a sight to behold. ...It would therefore not be surprising if the law lords of the Supreme Court side with the Foreign Office, the Bank of England, and the US State Department, who are all working on the same side to prevent the BCV getting its hands on 31 tonnes of the BCV’s gold bars (worth approximately US $ 1.8 billion at current spot price). Moral of the story for central banks – Don’t hold gold at the Bank of England if you actually ever want to withdraw it. bullionstar.com