Exchange Stabilization Fund

And officials are telling us that this is not a bailout.

So the question I had is, why are we doing this and where are we getting the money to pay for it? And it turns out the money is going to come from something most people have never even heard of, which is a fund inside the treasury called the ESF, the Exchange Stabilization Fund.

It's only been used a couple of times throughout history, and now it's going to be used to prop up and essentially bail out an entire foreign economy, which happens to be at the expense of American farmers and taxpayers.

especially now that President Trump has floated the idea of bringing down meat prices by importing beef from Argentina, which cattle ranchers across the country say will not help.

So before I get into what this means for the US and for China and the dollar, let me first explain how it actually happened because obviously what the treasury did was not approved or passed through Congress, wasn't voted on, and it didn't even come from the Federal Reserve.

It actually came from a completely separate pool of money, and it's one that very few people even know exists.

It's called the ESF, the Exchange Stabilization Fund.

Now, the ESF was actually created way back in 1934 during the Great Depression, with profits the US made from revaluing gold.

And because these are levels that a regulated bank would not risk without an exemption.

Now, the ESF, the Exchange Stabilization Fund and the Fed and the Asian banks transacting on behalf are really among the entities able to operate under such exemptions.

Now, the sell-off, fueled by momentum selling and long liquidation, was exacerbated by the rout in AI stocks and rising energy prices.

And so to answer some questions on this, so the questions were, why did we evidence an unusual correlation between gold and AI? I mean, that should not be the case.

You sell the dollar, it benefits gold.

However, illustrating an FX market intervention, gold also fell alongside the dollar.

Now, this was because Besant's exchange stabilization fund once again intervened against gold in support of treasuries, while simultaneously serving to clean out the leveraged speculator gold and silver deck.

Strategically ahead of a revaluation so don't read the bearish action as this there is a real reason for this and keep in mind that spot gold and silver because they're both fx currency crosses against the dollar and along with any other currency cross against the dollar are they're obviously regularly intervened in And to suit, last time we looked in detail as the ex-Saurus trader Besant now heading up the Exchange Stabilization Fund and his active open use of it.

So no one, no one even thinks twice while it's sitting in JP Morgan's vault or it's sitting in this one's vault.

Who cares if it belongs to the treasury through the exchange stabilization fund who is knocking down the price because they're both critical mineral for national security.

Well, no one's going to notice.

And when it leaves the vaults, like the 39 million ounces that left COMEX in February, the silver, everyone freaks out.

But won't that affect our balance sheet? Yes, Mr.

President, you're right, it would.

But because the Exchange Stabilization Fund through national security can do this without congressional approval, if we import it through them by proxy by the banks and just leave it in the COMEX account, it won't hit our balance sheet.

No one's gonna know it will quietly be transitioned to the treasury at a certain period of time.

And I'm truly admitting to you, I'm only putting this in here because I thought the word tequila crisis was awesome.

Congress balked at a bailout, so the Treasury used something called the Exchange Stabilization Fund, which did not need a vote, to put together roughly a $50 billion rescue with the IMF.

And here is a punchline.

Mexico paid it back early, and the U.S. actually made about $580 million on it.

I think that the U.S. government is secretly stacking gold much in the same way the Lannisters probably should be doing to pay back the Iron Bank.

Well, that's what Andy is speculating, that the U.S. government is quietly accumulating gold and silver as critical and strategic minerals through the Exchange Stabilization Fund, which allows, by the way, the Treasury Secretary to take financial action or measures for national security reasons without congressional approval.

You know, I was amazed when I was listening to Andy.

He said he admitted he had no evidence to prove this, but that he's been connecting the dots, which include the appointment of gold bug Judy Shelton as a treasury consultant and passage of the Genius Act, which, by the way, takes effect in January.

Yeah, no one really can prove it, but we know that they manipulate all the other markets.

They have something called the Exchange Stabilization Fund.

They've manipulated the oil price.

They manipulate bond yields.

But the interest on said treasuries is not transferable.

And so you look at a company like Tether, and I will tell you right off the bat, I believe that the 81 plus billion in gold that has been delivered to COMEX this year, the almost 18 billion in silver that has been delivered to COMEX this year by the commercial banks, if you told me that the Exchange Stabilization Fund, Secretary Besant, who runs it, who has the authority through the Exchange Stabilization Fund, if for national security, to bypass congressional approval, to leave it on the balance sheets of the banks, because the pushback is, well, it doesn't leave.

It doesn't leave.

A lot of it stays there.

So he understands it very well.

Absolutely.

And so I think basically he is, I think the ESG, sorry, the Exchange Stabilization Fund is active in the market.

I think they know what they're doing.

The return of these Chinese physical participation combined with sustained international sovereign demand created the conditions for the holiday period short overshoot to be absorbed and reversed upwards.

This was until Besant's Exchange Stabilization Fund once again intervened against gold.

Now, what indicates that the current interventions in gold are officially driven is the scale of themselves into otherwise declining open interest, COMICS chips, and we've uncovered sell tickets that exceed single entity position limits, levels that a regulated bank would not risk without an exemption.

Now, these ESF and Fed and Asian bank transactions on their own behalf obviously are transacted through other Asian banks.

Gold suppression is directly related to slow down US treasury migrations into gold.

Create enough volatility and a lack of interest It's not working, but essentially that's what it's designed to do.

However, the exchange stabilization fund holds less than 220 billion.

Now, Besant's self-stated intervention posture is therefore mismatched against a roughly one trillion a week foreign exchange gold market.

I don't know this to be true, but it's what I believe.

What if it were the Exchange Stabilization Fund? What if it were Scott Percent? Now, he's a self-proclaimed gold bug.

We know that.

And we do know that silver was classified a critical mineral, right? And if it were silver that they wanted to stand for delivery for, for critical mineral, for national security, doesn't need congressional approval if it's through the Exchange Stabilization Fund.

And they openly admit they work in the gold market.

using the commercial banks to run proxy for them to keep them at arm's length because if everyone knew they were accumulating metal the way the rest of the world is, look at the central bank acquisition.

It's for a customer.

Always.