The looting of the gold reserves of the Central Bank of the Argentine Republic (BCRA) has no end . In the last few hours, a video was released on social media - which was also broadcast by the C5N news channel - where you can see a row of cash trucks carrying 1,500 gold bars, valued at around 250 million dollars, bound for London .
As we have already reported in Agenda Malvinas , gold shipments abroad have become frequent during the government of Javier Milei . The Minister of Economy, Santiago Caputo , and his partner and friend Santiago Bausili , president of the BCRA, are determined not to leave even the window frames of the Central Bank , complying with the directive of the “Topo” who came to destroy the Argentine State .
"I love being the mole inside the State, I am the one who destroys the State from within ," Milei acknowledged in an interview with the American media The Free Press at the beginning of June, just one day before Caputo and Bausili began to bleed the BCRA dry by sending Argentine gold abroad.
In that interview, Milei said: “It is like being infiltrated in the enemy ranks, the reform of the State has to be done by someone who hates the State and I hate the State so much that I am willing to endure anything (…) in order to destroy the State.”
The next day, the first of five shipments of gold left Argentina . They were to be shipped via British Airways on flights to London . The submission of the government of the "Topo" to the English invader could not be greater. Not only did they hand over the gold, but they also gave them the freight and insurance .
As if this were not enough, the government refused to provide information on the issue of gold shipments abroad that was requested by the national deputy and leader of La Bancaria, Sergio Omar Palazzo .
On social media X, Palazzo complained about Bausili and the BCRA Board's refusal to respond to his request for public information about Argentine gold that fled to London.
On Thursday, August 15 , the BCRA authorities responded negatively to the three requests for access to public information made by the leader of La Bancaria, by resolving that: “In accordance with article 8, paragraph B and C of law 27,275 on the right to access public information, declare the confidentiality and DENY the requests for access to public information made by Mr. Sergio Omar Palazzo” , as reported by the newspaper Ambito in its edition yesterday.
“They claim security reasons for the reserves for which their geographic location cannot be reported (…) It is ridiculous ,” said the national deputy. “In addition, I asked them to inform me at which Board meeting the resolution was taken, what intervention the control agencies had, what means of transport were used and what insurance was contracted (…) and also for what purpose the gold was sent. They could have avoided the geographic information and given me the rest of the information. If they do not give the answers, it is because They are hiding them or because they have no way to explain it," said Palazzo .
“So much secrecy does nothing but make it clear that gold They took him away, they don't want to tell us what they are doing or are going to do with him and this government does not want citizens to find out about its government actions ," said the union leader.
The reasons why Milei's government and the BCRA would be removing these gold bars from the country would be to be able to use them to request a REPO loan , "the name commonly used in finance for the sale of an asset to a financial institution, with the latter's commitment to resell it to the original owner on a certain date and at a certain price" , to the Bank of Basel.
“It is a form of loan but with the temporary transfer of the asset as collateral. In this case, the gold from the reserves. The problem is that if on the determined date, the country is not in a position to pay the repurchase of the gold (to repay the disguised loan), the financial institution could keep it or would be free to sell it to a third party. And all done behind the back of Congress and with a certain risk of losing those reserves. "A hypothesis that is not at all far-fetched," said economist Raúl Dellatorre in a note published in the morning newspaper Página|12 .
Sources:
