At a time when most of the major central banks are accumulating gold to protect themselves against a new financial crisis, the Banque de France has set up a scheme to exchange and lend the reserves held in Paris. ...
... Last October, in a small specialized British magazine (The Alchemist), the new deputy governor of the Bank of France - Sylvie Goulard - announced the forthcoming use of the stock of gold kept in the coffers of the institution, until 'here carefully kept out of the market. In this document, she explained that she had a partnership "with a large commercial bank active in the gold market". A few weeks later, Reuters said the bank in question was the US agency JP Morgan, a leading speculator in the commodities and currencies market.
Little on the subject, Sylvie Goulard nonetheless mentioned gold loans to financial institutions and gold-currency exchanges with other institutions. It also welcomed a whole paragraph of the renovation of the Parisian vaults of the Bank, which now allows the use of powerful forklifts and facilitates the handling and transport of ingots ...
... Christian Eugène, former Head of the International Debt Department at the Banque de France declares:
I am a little surprised because most of the gold stock still belongs to the state. Using this heritage does not seem to me a good idea, especially in a financial context full of risks.
But Sylvie Goulard wants to go fast, very fast. Internally, she formed a firm so as not to be dependent on operational services. "It's new, nobody had ever done that before," says a connoisseur of the institution. In the case of the appointment of the current first governor to head the ECB, some see her already become head of the country's most powerful financial institution.
As little known to the general public, the one that was propelled Deputy Governor in January 2018 by decree of the President of the Republic has a political past already very full. In May 2017, following the election of Emmanuel Macron, she was appointed Minister of Armies; at once, it did not hide its desire to reshape the French army for the sole purpose of constructing an integrated European defense. She will resign four weeks later. In the meantime, her past as a far-sighted 'consultant' to the Berggruen Institute - an American lobby aimed at speeding up 'European integration' - was out in the press, while her name was cited in a presumption of fictitious jobs from Modem in the European Parliament.
Her activism for the creation of a central state on the continent comes from far away, and she does not hide it. Romano Prodi's political advisor to the European Commission between 2001 and 2004, she presided over the European Movement between 2006 and 2010. That year, she created with the deputies Daniel Cohn-Bendit and Guy Verhofstadt the group Spinelli, a structure that promoted especially for the reduction of bilateral relations between States in order to better centralize power in Brussels. Partisan of the CETA, a vast commercial treaty with Canada, Sylvie Goulard co-signed in 2012 'From Democracy in Europe' with the very federalist Mario Monti, a politician who then headed the Italian government.
The rush with which the deputy governor wants to use our gold reserves can question. "Making loans on gold or swaps [exchange of currency against gold] is tantamount to pledge this stock, to mortgage it. It is clear that launching gold deals is tantamount to losing full ownership. We no longer have possession of the property so that it serves as a guarantee for something else, "warns Christian Eugene.
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