Revealed: City of London accuses France of plot to ‘wreck Britain’ – even if it gains nothing itself

The 'giddy' effect of newly elected Emmanuel Macron is said to be blamed for the new French plot to 'actively disrupt' the City 

The ‘giddy’ effect of newly elected Emmanuel Macron is said to be blamed for the new French plot to ‘actively disrupt’ the City [Getty Images]

 

  • A leaked memo says French bankers are plotting to ‘actively disrupt’ the City
  • The London financial centre is worth £66 billion a year to the Treasury
  • The City’s Brexit envoy says Macron has declared ‘open war’ on the Square Mile
  • French representatives are now offering firms big money to move to Paris

France has boasted to City of London chiefs that it will use Brexit to sabotage the British economy, according to a bombshell leaked memo.

The memo, sent to Ministers, says the French government and banking chiefs are plotting to ‘actively disrupt and destroy’ the UK’s multi-billion-pound financial sector when Britain leaves the EU – even if France gains nothing.

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Is France About to Destroy the EU?

With the Geert Wilders loss in the Netherlands, we saw the nationalist movement hit the brakes. If Le Pen loses the election in France, everything will be reversed and the German-dominated EU will continue it’s forced integration of member nations, further subjugation and removal of national sovereignty across the board.

Jean-Luc Melenchon (SEBASTIEN BOZON/AFP/GETTY IMAGES)

 

France’s most popular politician believes the ‘German Empire is back’—and that it must be confronted.

France now has two leading presidential candidates that view the European Union as a German empire and want it destroyed. Between them, they have the support of over 40 percent of the voters.

The far right’s Marine Le Pen is tied with the moderate Emmanuel Macron for first place, holding 24 percent of the vote, according to an Ipsos poll. But speeding into third place with 18.5 percent is the far-left Jean-Luc Mélenchon.

With the first round of the election scheduled for April 23, Mélenchon received a major boost after a strong debate performance on April 4. Another poll found Mélenchon was France’s most popular politician, with 68 percent saying they had a favorable opinion of him. Continue reading

European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

Table 1: Central bank FX and Gold transfers to the ECB, January 1999

 

The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion. 

The ECB very recently confirmed to BullionStar that its gold reserves are stored across 5 international locations. However, the ECB also confirmed that it does not physically audit its gold, nor will it divulge a bar list / weight list of these gold bar holdings.

Questions and Answers

BullionStar recently put a number of questions to the European Central Bank about the ECB’s gold holdings. The ECB Communications Directorate replied to these questions with answers that appear to include a number of facts about the ECB gold reserves which have not previously been published. The questions put to the ECB and its responses are listed below (underlining added): Continue reading

Germany repatriates more gold: Bundesbank

Frankfurt (AFP) – The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.

“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement.

“In 2014, 120 tonnes of gold were transferred to Frankfurt from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.” Continue reading

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the “stability” of the entire monetary regime based on rock solid, undisputed “faith and credit” in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a “crazy, lunatic” dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most. In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed – because if the central banks don’t have faith in one another, why should anyone else– trust in central banks by other central banks is ending. Continue reading