International Monetary Fund

One of the functions of the International Monetary Fund (IMF) is lending finance to member countries that require it, but is to sell $13bn of its gold reserves in a deal with the big powers and the identity of these big powers can only be speculative. This represents one eighth of its vast gold reserves and is, allegedly, designed to plug its budget deficit and reform its bloated structure, ending years of 'high living'. IMF staff in Washington enjoy tax-free salaries and use of an elite country club. The fund, it seems, is now on the receiving end. As client states pay back loans, the lending business is slowing down and may have come to a halt.

This suggests a power struggle has been ongoing for some while, with one side (the BIG lenders) trying to regain the iron grip as this 'lending' potential ebbs away. Lending potential means imposing 'forced' interest payments on the loans. It's the way some perceive money creation. It's arguably about control and has been happening for centuries through the financial yoke. Over the last two decades the monster has been gradually revealing itself and can now be clearly seen for what it is: a Virtual Money machine. The resisting side in this (unrecognised) power struggle is formed by all the banks that are not privy to the game being played and are simply attempting to reduce losses.

Actually, $8bn x $13bn = $104bn doesn't seem that much when viewed in perspective: there are 185 member countries. Notably, the American single 17% (just under 1/6th) vote represents a massive and extremely unbalanced advantage.

The bigger the stick,
the more the clout

The Bush administration has backed plans to sell 403 tonnes of gold ($13bn). Congress can effectively block the sale as any major change requires 85% supermajority. America holds 17% of the IMF's votes and denial of this would take the majority to below that required. The US has so far refrained from selling any of its own gold reserve. Central banks are restricted to an annual sale limit of 500 tonnes.

There's a global shortage of gold as the mines are not producing enough. Gold now sells for $914 an ounce, well below the February high of $1030. The Federal Reserve System (The Fed) had slashed interest rates, but since the credit crunch begun, the IMF has still enjoyed a spectacular performance. It is fascinating to speculate about who sponsors the IMF. Is it the private banks and so that by raising cash by selling gold enables the states to repay loans? So, who buys the gold to finance the loan repayments and is gold just going home by being removed from circulation? If this were to be the (speculated) case, then pure and simple greed is creating the global meltdown.

Gold Price

Control of the global population by tightening the screws will result in complete world domination and such control can take many forms, but will always involve fear. Financial instability. Starvation. Create the problem and provide the solution... which is? Subjugation and absolute domination. But by whom?

This is the information that remains a closely guarded secret

In 1999, Gordon "The best Chancellor we've ever had" Brown sold half of the gold reserve of the UQ (aka UK). The entire global money machine is still being manipulated and, as always, there are Winners And Losers, though some people have just no idea what they are doing.

• A spokesman for the anti-euro group Business for Sterling said: "Since we know it is a political decision and we know that the European Central Bank has said that countries that want to join the euro have to sell off their gold reserves, it looks like another part of the Government's stealth policy."