Joseph P Farrell – All of you remember Lord James of Blackheath, don’t you? Well, in case you’ve forgotten who he is, he was the British peer who, a few years ago, stood in the House of Lords and gave a most peculiar speech that cited unusual amounts of gold in the world. I wrote about his speech – which was causing something of a minor fuss on the internet at that time – in my book Covert Wars and Breakaway Civilizations.
In fact, I cited much of his remarks, as Hansard reported them, in that book. The upshot of Lord Blackheath’s remarks was that he was trying to get to the bottom of how much gold there was in the world, and as a result, contacted acquaintances in the Old Lady of Threadneedle Street (the Bank of England), and was given answers that amounted to approximately 1500 tons.
There was, of course, much more to Lord Blackheath’s remarks than just that, but that was one of the things that grabbed my attention, for at around the same time, the calls within Germany by Germans to audit their country’s gold reserves had reached such a pitch that the Bundesbank decided to begin the process of repratriation of Germany’s gold deposits from London, Paris, and most importantly, the Federal Reserve Bank of New York.
Of course, I don’t for a moment assume these pressures were the only reason Germany decided to do this. If anything, they were convenient pressures, when the real reasons were probably geopolitical, and growing mistrust between Berlin on the one hand, and London and Washington on the other.
In any case, the amounts being cited by Lord Blackheath were far below even the reported amounts of just German gold allegedly on deposit in New York. And of course, Lord Blackheath himself expressed no considerable mystification at the time at not being able to get any rational approximation from his contacts.