11 April 2013 Last updated at 09:59

http://www.bbc.co.uk/news/business-22106187

Cyprus may sell some gold reserves to help fund bailout

Cyprus may sell off some of its gold reserves to help finance part of its bailout, according to reports.

An assessment by the European Commission says Cyprus must sell about 400m euros (£341m) worth of gold.

The country has already been forced to wind down one of its largest banks in order to qualify for a 10bn euro lifeline from international lenders.

Even with that bailout, it is predicted that the Cypriot economy will shrink by 8.7% this year.

Cyprus’s total bullion reserves stood at 13.9 tonnes at the end of February, according to data from the World Gold Council.

At current prices, 400m euros’ worth of gold amounts to about 10.36 tonnes of metal.

If reports of a sale by the Financial Times and news agencies are correct, it would be the biggest bullion sale by a eurozone central bank since France sold 17.4 tonnes in the first half of 2009.

European finance ministers meet in Dublin on Friday to discuss the Cyprus bailout.

Analysts say it is very unlikely that other European Union states will become big sellers of the precious metal.

Portugal holds 382.5 tonnes of gold, worth some 14.76bn euros at current prices, in its reserves, while Spain’s holdings stand at 281.6 tonnes, worth 10.8bn euros.

Italy is the world’s fourth-largest gold holder, with 2,451.8 tonnes, worth 94.6bn euros.

http://theunhivedmind.com/wordpress2/?p=20967

TheUnhivedMind on April 11, 2013 at 11:19 pm said:

Since 1933, The Worshipful Company of Mercers have taken a strangle hold of the World’s finances via the Temple Bar. England was destroyed when the vermin removed us from the Bradbury Pound, this resulted in raising debt into the billions in order to aid the veiled bankruptcy of the nation. Since 1933 we are now under debt mastered by the Mercers for the Jesuit Order in order to control the nation as a fictional corporation mastered by their Uniform Commercial Code and Admiralty Law based on Vatican Canon Law. The American Republic was hammered after Lincoln’s Greenback was removed just like what happened to the later Bradbury Pound. The Mercers do not like competition to their control, slavery and profits, we are dealing with the pirates of the Livery.

So now we see the Mercers have a major debt creation agenda under way to make sure corporations (once nations) and persons (once beings) are so much in debt that they will be forced to physically and mentally enslave themselves to the new planned carbon trading big brother economy of the New World Order (Temporal Power/World Government of the Pope). You will see real physical assets being stolen to supposedly pay back debts. Just like the Drumcondra mafia do in Ireland stealing the energy reserves from the Irish. It is a fact that the promissory note IOUs are debt instruments and a debt cannot be paid with a debt. So what debt does anyone owe do you ask? The answer is nothing at all.

Now derivatives are even worse of all and they mount well into the quadrillions. It was City of London slave and Jesuit trained President Clinton with Robert Rubin who allowed derivative trading after it had been banned for good reason. It was needed in order to create such massive unjustifiable debts that no one can get out of whilst still in the slave system. Only a new Greenback or Bradbury Pound can save us all. We need to make a new set of currencies based on both gold, silver and credit whilst having them controlled by our own treasuries not these central bank swines and the Bank of International Settlements all under the thumb of the mighty Mercers pirates.

So now Cyprus gets shafted again as its claimed the corporation (nation) owes more than originally thought. Cypriots get hammered for sixty percent of their supposed savings and now they want the real money wealth which is physical gold. Its time to say hell no and move on to de-centralized systems and real assets. I strongly suggest all nations look into the Greenback and Bradbury Pound currencies. I also recommend you all look into The Lawful Bank which is being created by Roger Hayes of the patriotic British Constitutional Group!

-= The Unhived Mind

CYPRIOT PEOPLE TO BE ROBBED BY IMF AND EURO PARTNERS THEN GIVEN SHARES IN BANKRUPT BANKS

http://theunhivedmind.com/wordpress2/?p=18483

THE BRADBURY POUND

http://theunhivedmind.com/wordpress2/?p=19008