Cyprus is resisting pressure from the European Commission (EC) and International Monetary Fund (IMF) to sell its gold reserves to finance its “bailout”.
Yesterday the Cypriot Finance Minister said that a sale of its gold reserves was not the only option under consideration to pay down its debt and that other alternatives were being considered.
Cyprus has 13.9 tonnes (c. 447,000 troy ounces) of gold reserves which are worth some 436 million euros at today’s market prices.
The international bailout imposed on Cyprus involved 10 billion euro ($13 billion) and therefore the Cypriot gold reserves are worth a mere 4.36% of the bailout.
"The possibility of selling gold is known, but only as an option," Finance Minister Harris Georgiades told reporters. He did not elaborate on what the alternatives were according to Reuters.
The government in Cyprus may realize that in the event of Cyprus leaving the euro and returning to the Cypriot pound, their gold reserves could provide support to the fragile newly launched national currency.
Now you know why the paper tigers will do anything to hold it down.
It received from Rome the title of free city. During the Roman period Laodicea was the chief city of a Roman conventus, which comprised twenty-four cities besides itself; Cicero records holding assizes there ca. 50 BC. We are told in Revelation 3 of the 7 Churches. The last church or church age is symbolized by the Church of Laodicea. Laodicea means "the rights of the people." Thus, this was a church governed by the will of the people, rather than the will of God. This is the church age from which the Antichrist and the False Prophet will emerge. It is the church age Paul talked about that would not endure sound doctrine. Many of Laodicea's inhabitants were Jews, and Cicero records that Flaccus confiscated the considerable sum of 9 kg of gold which was being sent annually to Jerusalem for the Temple (Pro Flacco 28-68). I continue to monitor the church's faithfulness to the teaching of the Word of God, realizing that the church of the last days will be marked by apostasy and a falling away. This does not mean that God is not moving and doing great things but can we identify the wolves in sheep's clothing in the spirit of our age. Remember, we teach at Home for a reason and the Wolves will never understand nor care. As we are Banks and Governments will give political contributions to Socialist lawmakers members to vote in favor of giving the country away. One thing I do know if those in need are adulterated the consequeces will be certain disaster.
Notes: The term conventus is lastly applied to certain bodies of Roman citizens living in a province, forming a sort of corporation, and representing the Roman people in their district or town; and it was from among these that proconsuls generally took their assistants. Such corporations are repeatedly mentioned, as, for example, at Syracuse (Cic. in Verr. II.13, 29, III.13, IV.25, 31, V.36, &c.), Capua (Caes. De Bell. Civ. I.14; Cic. p. Sext. 4), Salona (Caes. De Bell. Civ. III.9), Puteoli (Cic. in Vat. 5), and Corduba (Caes. De Bell. Civ. II.19; cf. Provincia).
70 times 7
https://www.youtube.com/watch?v=eu-xFvLaE68
long auy*exk