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Professor Antal Fekete And Karen Hudes Discuss Gold And The “Red Alert” For Collapse Of Fiat Currencies

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February 9, 2014 in Economics


Professor Antal Fekete And Karen Hudes Discuss

Gold And The “Red Alert” For Collapse Of Fiat Currencies

Webcam video from February 2, 2014 5:17 PM (note: some sound issues from airport traffic)


Professor Antal Fekete discusses the “red alert” for collapse of fiat currency – gold backwardation as measured on spot and futures markets, an end of bullion leasing in July 2013, disappearing gold from the Comex market

. A power transition model, with 95% accuracy, predicts that gold in the global collateral account, “cloaked in secrecy” is coming out of hiding for its legal beneficiaries–humanity.

See footnotes 7,8 and 10 in


There are certificates for 170,500 metric tons of gold deposited in the Bank of Hawaii, 130,500 metric tons in AMEX Hong Kong plus 150,000 metric tons in Development Bank of Singapore, for a total of 451,000 metric tons.

There are certificates for more than 100,000 metric tons in other American banks.

The real gold to back up the certificates was reburied in 1973 after it was exhumed.

Is the gold price manipulated?

Yes, it is.


Related links:-


From: Karen Hudes Date: Sat, Feb 8, 2014 at 6:13 AM Subject: Fwd: Response To: Press receiving 12/2011 email,

 ”Why is the Press losing the Trust of the American People?”




Karen Hudes

Date: Sat, Feb 8, 2014 at 6:01 AM Subject: Re:http://www.youtube.com/watch?v=Zy-2GaT6RMo&feature=youtu.be&a


To: former senior cost analyst for Dept. of Army, Authorized Signatory on the Global Collateral Account, Antal Fekete

Dear Army Retiree,

Thank you for your email. Truth may seem improbable, but it is nevertheless truth. Hitler’s connection to the Philippines is a fact, not fiction. The fact also remains that there is a 90-95% likelihood that Homo Sapiens will defeat Homo Capensis (the race of hominids belonging to the “Paracas skulls”


  the “bone-heads” as my mother calls them) with 90-95% likelihood, as predicted in footnotes 7, 8 and 10 in



It has been a wonderful privilege to work alongside our rag-tag group of whistleblowers; I am not ostracized or ill-treated–rather we all celebrate each milestone. If you think that the Acting General Counsel of the International Bank for Reconstruction and Development or the authorized signatory on the global collateral account, or the rest of the whistleblowers on our team remain unprotected, you have it very wrong. Our risks are being mitigated to the extent possible by the coalition that opposes the “network of control” described by Stefania Vitali, James B. Glattfelder, and Stefano Battiston in



These nations realize that it is a lot cheaper to keep the whistleblowers on our team alive than to fight World War III.

As for the mainstream media, they simply hastened their own demise, and become increasingly (and measurably) irrelevant with each passing day. Why not try your hand at the historical document? We can use all the help we can get.



On Fri, Feb 7, 2014 at 11:50 PM, Army retiree wrote:

I did read your presentation as well as the article about models. I hope they work as you need. I was merely expressing skepticism based upon what I have seen and see daily in the financial world’s tools.

Your presentation was impressive and I regret that you have been so ill-treated by the powers-that-be. I have been in similar situations in the government and know how uncomfortable unfairness and ostracism can be. As a former senior cost analyst for Dept. of Army, I relate well to what you


experienced, which is why I am not sanguine about the US choosing the right path before the BRICS eat our lunch.

I am also not optimistic that you will live long enough to see our current MSM do the right thing and regain their honor and expertise. The only hope will be the Internet, in my opinion.

As a professional technical writer, I offer one piece of advice regarding the Green Hilton/Buried Gold material that you sent me. The anonymous history and your efforts could be much better presented, answering many of the questions and criticisms that I have raised and that have been raised on the Internet as well as those that come naturally to mind. If you had such a document, it would likely make your efforts more compelling to someone who read it relatively uncritically since it would necessarily have adequate proofs/footnotes. I think that such fantasy as Adolf Hitler being half Latin and raised in the Philippines, for example, are pure National Enquirer stuff and offend a rational mind and historian. (I’ve been a student of the Third Reich for 60 years and have lived in Germany twice.)

I think I know you a little better now and I assure you that I am not the enemy.

Army retiree

On Feb 7, 2014, at 7:13 PM, Karen Hudes wrote:

I was not referring to your life decisions. I was simply referring to your own comment: “From what I have seen of American education/sophistication/participation in government, I am most unwilling to allow them to get into a modification of the Constitution”.

Before you dismiss the power transition model, read footnote 7 of this:




On Fri, Feb 7, 2014 at 4:07 PM, Army retiree wrote:

Frankly, I didn’t appreciate the sarcasm and patronizing comment about what you think you know about my life decisions and, especially, my honorable service as an army officer (Ref. ” your decision to remain in the status quo — when the status quo will rapidly deteriorate into a new “dark ages” — now that I know about your erstwhile employer.”)

Perhaps this isn’t angst but simple disagreement doesn’t include these snarky comments. If you want civil dialogue with me, you’ll heed this. If not, march on. I’m surprised at the irony of your comment on my erstwhile employer when you place such heavy hope on the militaries of the world. Napoleon came to power on hope and cannons. I also remember that Patton, Marshall and MacArthur participated in the heavy-handed put down of the veteran marchers after WW I.

I will look at your attachments but I am reminded that the electronic world is filled with models and I know that the CIA totally missed the boat in predicting the fall of the USSR and I know they and the Pentagon are awash with models.

Army retiree


On Feb 7, 2014, at 11:38 AM, Karen Hudes wrote:

Dear Army retiree,

Why should I have angst for simply disagreeing with you? The third section of this interview sets out concrete instances substantiating the game theory power transition model showing less than 5% likelihood that there will be blood in the streets:

Karen Hudes

@KarenHudes 8m

Outside the Box:



On Thu, Feb 6, 2014 at 10:38 PM, Army retiree wrote:

Thank you.

I must smile (and don’t mean to prolong a conversation that, apparently, has caused you some angst) but if I have been tainted in my thinking by my service in the army during the Cold War, then you have some high standards indeed.

Also, I am at a loss as to what leads you to believe that I have decided to stay in the status quo. Those who know me might chuckle at that. I merely think that the current society is, as a whole, incapable of handling its own affairs, no less those of concerned, educated, fiscally responsible citizens. I didn’t make that world and am not closely allied with it.

Just for the record, I was in LA for the last riot and I rather think you might have a different take on societal volatility if you had been there. I watched Katrina from afar but the same breakdowns occurred there – plus some, which included abuses by the police, FEMA and the military.


Army retiree

On Feb 6, 2014, at 7:13 PM, Karen Hudes wrote:

Dear Army retiree,

I am copying the authorized signatory over the collateral account, and Prof. Fekete. Who will oversee the distribution of the world’s gold — why the world’s militaries, with the world’s citizens watching.


What is true remains so, whether or not you doubt it. Sometimes truth is improbable, but that is just the way the cookie crumbles. It is easier for me to understand your decision to remain in the status quo — when the status quo will rapidly deteriorate into a new “dark ages” — now that I know about your erstwhile employer.



On Thu, Feb 6, 2014 at 9:41 PM, Army retiree wrote:

Thank you for your response. I have a few comments and will leave it there unless you feel you have time to engage my curiosity further.

On Feb 6, 2014, at 4:41 PM, Karen Hudes wrote:

1. This is humanity’s gold — from the Pharoahs, Incas, and Aztec civilizations, plundered by Spanish conquistadors, from China, from Europe, Yamashita — this tells a bit of the background:



This anonymous essay was, to a historian of 60 years (12 books), was pretty fanciful.

A few of its more fanciful assertions cast question on the balance of its story.

Just as an example of my concerns is that the US government could know of this trove and keep its hands off of it for all of these years and with the major military power in the area. I sincerely doubt that.

The world’s other countries will also mint coin currency to retire fiat currencies.

Maybe but only if the coins are of some precious metal (which they don’t have now.)

2. The idea is to mint the gold into coinage and use it for currency. We will retire the Federal Reserve Notes in an orderly fashion, and replace these Notes with the US uncut Treasury dollars that are also held in the global collateral account. This is what John F. Kennedy was doing ten days before his assassination.


Dr. Fekete recommends issuing paper certificates of gold that can be traded for the minted currencies.

OK, given these precious metal coins (a pain to carry and one of the reasons they went out of circulation) are minted, who is the paragon of virtue who will provide the world with an equitable apportionment of PMs to the various states? Who do you see in the totally corrupt US government who could oversee this fairly? There’s you, me and Rand and Ron Paul. Beyond us, I’m not so sure.

3. This is not at cost to the countries — the global collateral account is held in trust to benefit the world’s peoples. The authorized signatory on the global collateral account has allocated the gold from the global collateral account.

There are certainly moral issues — we will do our best to inform people of the true history and reason that this gold has accumulated the way it has. The worlds’ whistleblowers, with whom I am working, will stay involved in helping people to draw the necessary lessons and hopefully we will learn and be able to avoid repeating history. The Russian, Chinese and US militaries will be collaborating via the Bretton Woods institutional framework to ensure this process proceeds in an orderly, transparent fashion.

Utter fantasy. As a former intelligence officer/US army captain (Top Secret/Cosmic) the idea of those three militaries altruistically collaborating to disburse the largest treasure in history is beyond my belief.



It is much more dangerous to allow the fiat currencies to collapse, which is on the verge of happening, as Dr. Fekete has explained.

Maybe so but if your hopes are on a fair disbursement of this treasure to the world community, ESPECIALLY under the auspices of major state militaries, I think that the collapse is much more likely than the cooperation you hope for.

4. I feel that the US people are capable of restoring our Republic through the Article V Constitutional Convention, and that they will stay involved going forward. The hegemony has happened because of state capture and that will not continue. Three-quarters of Americans consistently believe that the United States should cooperate with other countries in foreign affairs (See footnote 76): http://www.kahudes.net/wp-content/uploads/2012/05/ilsaJournal1.pdf


HERE we part ways again. From what I have seen of American education/sophistication/participation in government, I am most unwilling to allow them to get into a modification of the Constitution. The average American can’t find Iraq on a map, doesn’t know what the reserve currency is nor can they discipline themselves to live within their means. Concepts such as deferred gratification, personal honor, civic duty, are foreign to the average man and woman on the street and it isn’t going to get any better. When the food stamps are cut again or the grocery stores no longer have food to offer, the average Mercan will turn feral – which is indicative of their understanding of what is going on around them today, what they should be doing about it and what is coming down the pike toward them (e.g. increasing unemployment, taxes, police state, etc.)

Best Regards,

Army retiree

On Thu, Feb 6, 2014 at 6:47 PM, karen hudes wrote:

From: Army retiree

Subject: Fekete/Hudes Interview Message Body:

I have some simple questions about your assertions in this recent Miami Airport interview:

1. Where did all of this gold being offered to the US come from?

2. What is providing all of this gold to the US supposed to do for the US and at what cost to the US? (Here I note that the three branches of the feral government are so corrupted that providing them with access to that amount of wealth seems highly dangerous yes I have no expectation that any of the three branches (including the military and naval forces) are sufficiently moral to adequately accept such a largess.

3. Why do you feel that the US must be kept so strong? I have seen nothing since WWII that indicates that our hegemony has done anything but victimize the world for power and resources. I’ll be very interested in hearing from you on this interesting proposal that you espouse.

Thank you, Army Retiree

This mail is sent via contact form on kahudes       http://kahudes.net/contact-us/








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