The story of the City in London is all about gold. Mayer was the founder of international banking because he was the first banker to use gold as it was meant to be used. According to him, gold was not meant to be spent, it was meant to be mined, purchased, and then stockpiled in a secure location for all time. The one who had the gold necessarily controlled the monetary systems. Mayer created the Bank of North America in 1781, thanks to the 500 metric tons of French gold made possible thanks to Benjamin Franklin’s intervention. After Mayer’s real estate coup in France in 1789, he managed to funnel another 5000 tons of French gold to the City. In 1810, his son Nathan had the wherewithal to fix the daily price of gold worldwide from his offices in the City. Nathan had perhaps as much as 7000 metric tons of gold in his possession, close to half the gold ever produced at that time. He held most of England’s debt, and was in charge of the English, French and American monetary systems.
In 1812, Nathan sent Napoleon to Russia in order to force the Tsar to let private interests mine for gold in the Urals, which was a determining moment in our history. Thanks to the French engineers from l’École des Mines de Paris, placer deposit gold mining techniques had been refined and newly mined gold started being stockpiled in the City.
Mayer built his dynasty on gold and trust, and his dynasty wasn’t about to change course. When hard rock mining was made possible in the 1880’s, gold production skyrocketed. Paper money went to the miner, and gold went to the City. As gold was stockpiled in the City, the paper it backed, whether in America or England, became as good as gold. There have never been losers, for the miners get paid the world price set in the City, and Mayer’s dynasty stockpiles the gold and creates more credit.
The total production of gold to date is estimated at around 250000 metric tons. The gold used in jewellery, industry, and dentistry, combined with the token amounts of gold on display in the various Central Banks of Germany, Italy, France, USA, China, Russia etc., probably accounts for around 75000 metric tons. Most gold is held in a virtual form as Exchange-Traded Funds (ETF’s), and though it is impossible to be accurate, there’s around 150000 metric tons of real gold bullion unaccounted for and stockpiled in the City and its financial satellites.
The Boer Wars are forgotten wars, but if one analyzes and correlates the dates and circumstances surrounding the discovery of gold and diamonds in South Africa and the wars that were fought in that country, it becomes clear that they were all about controlling the production of those two precious commodities. In 1879, the British had managed to put an end to the Zulu military might, and in 1880, had declared the South African Republic to be an English possession. But in 1881, the Boers, independent white Dutch settlers, badly defeated the British troops and sent them home. In 1899, this time, with the help of several Commonwealth countries, Britain came back to fight the Boers, and after heavy casualties on all sides, British, Commonwealth, African and Boer, England finally prevailed in 1902. The British unilaterally changed the name of South African Republic to Union of South Africa in 1909, while declaring it to be a dominion of the British Empire. Since then, South Africa produces a disproportionate amount of the world’s gold and diamond production, and both commodities are neatly stockpiled in places like the Wharf in the City in London.