gold in China; how Germany got its food in WWI; etc.

Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit….

According to local media reports, the Xiling gold seam in eastern China is more than 2,000 meters long and 67 meters wide; operating at full capacity, the mine would have a life of 40 years, according to the statement.

The mine is located in the Laizhou-Zhaoyuan region of northwest Jiaodong Peninsula in eastern China’s Shandong; the region has the largest gold deposits in the country.  The mine is estimated to have the equivalent of 20% of the country’s 1,843 tons of gold reserves.  http://www.zerohedge.com/news/2017-03-29/chinese-gold-miner-claims-discovery-largest-ever-gold-mine

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In China Emile Francqui met the future American president Herbert Hoover during negotiations concerning the granting of the Hankow-Canton railroad concession in China in 1901.  Although they were competitors, they respected each other very much and became friends.

Francqui returned to Belgium in 1902 and began a financial career.  He became the Managing Director of the Banque d’Outremer, and Managing Director of the Union Minière du Haut Katanga (UMHK).  Ten years after his return to Belgium, he became Director of the Société Générale de Belgique, and in 1932 became its Governor.  During World War I he was President of the Belgian Comité National de Secours et d’Alimentation (National Aid and Food Committee, abbreviated to CNSA).  During World War I, Herbert Hoover in the United States set up the Commission for Relief in Belgium (CRB) to support the CNSA abroad.   https://en.wikipedia.org/wiki/Émile_Francqui

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Hamill says on page 311 (John Hamill:  The Strange Career of Mr. Hoover, William Faro, New York, 1931) that “Francqui opened the offices of the Belgian Relief in his bank, Societe Generale, as a one-man show, with a letter of permission from the German Governor General von der Goltz dated October 16, 1914.”

The New York Herald Tribune of February 18, 1930, quoted by Congressman Louis McFadden in the House on February 26, 1930, said, “One of Belgium’s two directors on the Bank for International Settlements will be Emile Francqui of the Societe Generale, a member of both the Young and Dawes Plan Committees (at end of WWI, attempting to set new directions/organization).  The board of directors of the international bank (the central bank of all central banks) will have no more colorful character than Emile Francqui, former Minister of Finance, veteran of the Congo and China . . . he is rated as the richest man in Belgium, and among the twelve richest men in Europe.”…

Francqui and Herbert Hoover threw themselves into the seemingly impossible task of provisioning Germany during the First World War.  Their success was noted in Nordeutsche Allgemeine Zeitung, March 13, 1915, which noted that large quantities of food were now arriving from Belgium by rail.  Schmoller’s Yearbook for Legislation, Administration and Political Economy for 1916, shows that one billion pounds of meat, one and a half billion pounds of potatoes, one and a half billion pounds of bread, and one hundred twenty-one millions pounds of butter had been shipped from Belgium to Germany in that year.  A patriotic British woman who had operated a small hospital in Belgium for several years, Edith Cavell, wrote to the Nursing Mirror in London, April 15, 1915, complaining that the “Belgian Relief” supplies were being shipped to Germany to feed the German army.  The Germans considered Miss Cavell to be of no importance and paid no attention to her, but the British Intelligence Service in London was appalled by Miss Cavell’s discovery and demanded that the Germans arrest her as a spy.

Sir William Wiseman, head of British Intelligence, and partner of Kuhn Loeb Company, feared that the continuance of the war was at stake and secretly notified the Germans that Miss Cavell must be executed.  The Germans reluctantly arrested her and charged her with aiding prisoners of war to escape.  The usual penalty for this offense was three months imprisonment, but the Germans bowed to Sir William Wiseman’s demands and shot Edith Cavell, thus creating one of the principal martyrs of the First World War.        -Mullins:  Secrets of the Federal Reserve, chapter 7, 1991         see http://www.whale.to/b/mullins1.html#CHAPTER_SEVEN_The_Hitler_Connection

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11-4-2015   Herbert Hoover, as head of the Commission for Relief in Belgium (CRB), spent much of March and April fire-fighting the angry claims from Britain that the CRB was feeding the German army.  He was most indignant at ‘the rumours in England of misuse of food supplies by Germans’ and the ‘severe drilling’ he had been given at the Foreign Office. [19]  Unquestionably the War Office and British Intelligence knew precisely what was going on in Belgium but not the general public.  A strict embargo was placed on such information….every aspect of Edith Cavell’s arrest, imprisonment and execution was framed by the CRB or its Belgian partner, the CNSA.  All the received histories have built their accounts of Edith’s fate on ‘evidence’ presented by members of the American Legation who were associated with the CRB.   https://firstworldwarhiddenhistory.wordpress.com/category/belgian-relief/edith-cavell/

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10-21-2015      By 1915 Belgian citizens felt that their voice was better represented by the Comite National de Secours et Alimentation (CNSA) than the King or the Government-in-Exile.  They referred to it as ‘le government provisoire’, the temporary or provisional government. [1]  Created in September 1914, the CNSA liaised directly with the German authorities in Belgium.  It had been constituted in Brussels under the chairmanship of Ernest Solvay, and the patronage of the Head of the American Legation, Brand Whitlock and the Spanish minister, the Marquis de Villalobar.  In addition, Herbert Hoover’s disciple, and key member of the Commission for Relief in Belgium (CRB), Hugh Gibson, was present in his capacity as First Secretary of the U.S. Legation. [2]  They formed an elite cabal      https://firstworldwarhiddenhistory.wordpress.com/2015/10/21/edith-cavell-6-the-instant-cover-up/

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When he next went to Brussels, the German-American member of the Belgian Comite Nationale, Danny Heinemann, approached him to try to find out what the British terms for peace might be.  Hoover claimed that ‘he was not in the peace business’.  He most certainly was not.  He was in the business of profiteering from war. [17]   https://firstworldwarhiddenhistory.wordpress.com/category/belgian-relief/herbert-hoover/

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the building at 120 Broadway was in 1917 known as the Equitable Life Building.  A large building, although by no means the largest office building in New York City, it occupies a one-block area at Broadway and Pine, and has thirty-four floors.  The Bankers Club was located on the thirty-fourth floor.  The tenant list in 1917 in effect reflected American involvement in the Bolshevik Revolution and its aftermath.  For example, the headquarters of the No. 2 District of the Federal Reserve System — the New York area — by far the most important of the Federal Reserve districts, was located at 120 Broadway.  The offices of several individual directors of the Federal Reserve Bank of New York and, most important, the American International Corporation were also at 120 Broadway.  By way of contrast, Ludwig Martens, appointed by the Soviets as the first Bolshevik “ambassador” to the United States and head of the Soviet Bureau, was in 1917 the vice president of Weinberg & Posner — and also had offices at 120 Broadway.*

Is this concentration an accident?  Does the geographical contiguity have any significance?           -Antony Sutton:  Wall Street and the Bolshevik Revolution, chapter 8, 1974   http://reformed-theology.org/html/books/bolshevik_revolution/index.html

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Before World War I, the financial and business structure of the United States was dominated by two conglomerates:  Standard Oil, or the Rockefeller enterprise, and the Morgan complex of industries — finance and transportation companies.  Rockefeller and Morgan trust alliances dominated not only Wall Street but through interlocking directorships, almost the entire economic fabric of the United States.l  Rockefeller interests monopolized the petroleum and allied industries, and controlled the copper trust, the smelters trust, and the gigantic tobacco trust, in addition to having influence in some Morgan properties such as the U.S. Steel Corporation as well as in hundreds of smaller industrial trusts, public service operations, railroads, and banking institutions.  National City Bank was the largest of the banks influenced by Standard Oil-Rockefeller, but financial control extended to the United States Trust Company and Hanover National Bank as well as to major life insurance companies — Equitable Life and Mutual of New York.

The great Morgan enterprises were in steel, shipping, and the electrical industry; they included General Electric, the rubber trust, and railroads.  Like Rockefeller, Morgan controlled financial corporations — the National Bank of Commerce and the Chase National Bank, New York Life Insurance, and the Guaranty Trust Company….

Olof Aschberg, the “Bolshevik Banker” (or “Bankier der Weltrevolution,” as he has been called in the German press), was owner of the Nya Banken, founded 1912 in Stockholm . His codirectors included prominent members of Swedish cooperatives and Swedish socialists, including G. W. Dahl, K. G. Rosling, and C. Gerhard Magnusson.18  In 1918 Nya Banken was placed on the Allied black-list for its financial operations in behalf of Germany. In response to the blacklisting, Nya Banken changed its name to Svensk Ekonomiebolaget.  The bank remained under the control of Aschberg, and was mainly owned by him.  The bank’s London agent was the British Bank of North Commerce, whose chairman was Earl Grey, former associate of Cecil Rhodes.  Others in Aschberg’s interesting circle of business associates included Krassin, who was until the Bolshevik Revolution (when he changed color to emerge as a leading Bolshevik) Russian manager of Siemens-Schukert in Petrograd; Carl Furstenberg, minister of finance in the first Bolshevik government; and Max May, vice president in charge of foreign operations for Guaranty Trust of New York.  Olof Aschberg thought so highly of Max May that a photograph of May is included in Aschberg’s book.19

In the summer of 1916 Olof Aschberg was in New York representing both Nya Banken and Pierre Bark, the tsarist minister of finance.  Aschberg’s prime business in New York, according to the New York Times (August 4, 1916), was to negotiate a $50 million loan for Russia with an American banking syndicate headed by Stillman’s National City Bank.  This business was concluded on June 5, 1916; the results were a Russian credit of $50 million in New York at a bank charge of 7 1/2 percent per annum, and a corresponding 150-million-ruble credit for the NCB syndicate in Russia.  The New York syndicate then turned around and issued 6 1/2 percent certificates in its own name in the U.S. market to the amount of $50 million.  Thus, the NCB syndicate made a profit on the $50 million loan to Russia, floated it on the American market for another profit, and obtained a 150-million-ruble credit in Russia.

During his New York visit on behalf of the tsarist Russian government, Aschberg made some prophetic comments concerning the future for America in Russia:    “The opening for American capital and American initiative, with the awakening brought by the war, will be country-wide when the struggle is over.  There are now many Americans in Petrograd, representatives of business firms, keeping in touch with the situation, and as soon as the change comes a huge American trade with Russia should spring up.20

While this tsarist loan operation was being floated in New York, Nya Banken and Olof Aschberg were funneling funds from the German government to Russian revolutionaries, who would eventually bring down the “Kerensky committee” and establish the Bolshevik regime.  The evidence for Olof Aschberg’s intimate connection with financing the Bolshevik Revolution comes from several sources, some of greater value than others.       -Antony Sutton:  Wall Street and the Bolshevik Revolution, chapter 4, 1974

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