Dutch pension fund wins freedom from central bank meddlers

Today, GATA reports that the Dutch central bank was trying to tell a pension fund that it must (not should, must) limit its investments in “commodities” to 1% of total assets.  Of course, this made it convenient to categorize gold as a commodity (which it is NOT; gold is money) and thus limit pension fund investment in gold.  It is very telling IMO that the Dutch courts just ruled for the pension fund that it could invest its assets as it sees fit and not be limited by corrupt central bankers who are motivated to keep everyone invested in the fake money Ponzi. 

This occurrence is right in line with my long standing thesis that large institutions will begin carrying gold on their books again as assets.  This will include pensions, insurance companies corporations and even cities by the time the funny money re-balancing is done.  In other words, it is part and parcel of the ongoing re-monetization of gold.  What I think was so interesting about this is that their central bank had such rules in place to begin with.  Why their central bank should have any influence over how pensions can invest the money of the citizens stinks of scam, scam, scam.   People all over the world are clearly waking up about this “gold thing”.     You NEVER heard any talk like this back in 2007-2008!  Not a peep from institutions wanting out of the scam.  

Escaping the slimy clutches of the gold haters was no mean feat.  This pension fund had to fight the politically powerful central bank in order to win back its freedom.  I suppose that some faces have egg on them now and that some people in the central bank are probably not too happy about it.  The pension could not have done this (the courts would not have allowed it) if the people weren’t behind it.  Courts, it turns out, are little more than reflections of the mood of the herd.  They interpret laws in such ways as to not get lynched in the street should the people rise up suddenly.

The pension fund in question will not go unnoticed.  Others are watching, others will follow.  The herd is following the yellow brick road and it will lead them to the temple of OZ where the skinny little con man / money man sitting behind the controls will be outed as a fraud.  The old saying goes that if you want to find out the truth, follow the money.  Increasingly that money is gold.  Right now there’s only a trickle of institutional interest in gold.  It’s still for those on the fringes of the herd.  But not for too much longer folks.  The trickle of ice melting will turn into a torrent of river water as the heat is turned up on the global debt Ponzi.