Announcement

Collapse

Forum Rules (Everyone Must Read!!!)

1] What you CAN NOT post.

You agree, through your use of this service, that you will not use this forum to post any material which is:
- abusive
- vulgar
- hateful
- harassing
- personal attacks
- obscene

You also may not:
- post images that are too large (max is 500*500px)
- post any copyrighted material unless the copyright is owned by you or cited properly.
- post in UPPER CASE, which is considered yelling
- post messages which insult the Armenians, Armenian culture, traditions, etc
- post racist or other intentionally insensitive material that insults or attacks another culture (including Turks)

The Ankap thread is excluded from the strict rules because that place is more relaxed and you can vent and engage in light insults and humor. Notice it's not a blank ticket, but just a place to vent. If you go into the Ankap thread, you enter at your own risk of being clowned on.
What you PROBABLY SHOULD NOT post...
Do not post information that you will regret putting out in public. This site comes up on Google, is cached, and all of that, so be aware of that as you post. Do not ask the staff to go through and delete things that you regret making available on the web for all to see because we will not do it. Think before you post!


2] Use descriptive subject lines & research your post. This means use the SEARCH.

This reduces the chances of double-posting and it also makes it easier for people to see what they do/don't want to read. Using the search function will identify existing threads on the topic so we do not have multiple threads on the same topic.

3] Keep the focus.

Each forum has a focus on a certain topic. Questions outside the scope of a certain forum will either be moved to the appropriate forum, closed, or simply be deleted. Please post your topic in the most appropriate forum. Users that keep doing this will be warned, then banned.

4] Behave as you would in a public location.

This forum is no different than a public place. Behave yourself and act like a decent human being (i.e. be respectful). If you're unable to do so, you're not welcome here and will be made to leave.

5] Respect the authority of moderators/admins.

Public discussions of moderator/admin actions are not allowed on the forum. It is also prohibited to protest moderator actions in titles, avatars, and signatures. If you don't like something that a moderator did, PM or email the moderator and try your best to resolve the problem or difference in private.

6] Promotion of sites or products is not permitted.

Advertisements are not allowed in this venue. No blatant advertising or solicitations of or for business is prohibited.
This includes, but not limited to, personal resumes and links to products or
services with which the poster is affiliated, whether or not a fee is charged
for the product or service. Spamming, in which a user posts the same message repeatedly, is also prohibited.

7] We retain the right to remove any posts and/or Members for any reason, without prior notice.


- PLEASE READ -

Members are welcome to read posts and though we encourage your active participation in the forum, it is not required. If you do participate by posting, however, we expect that on the whole you contribute something to the forum. This means that the bulk of your posts should not be in "fun" threads (e.g. Ankap, Keep & Kill, This or That, etc.). Further, while occasionally it is appropriate to simply voice your agreement or approval, not all of your posts should be of this variety: "LOL Member213!" "I agree."
If it is evident that a member is simply posting for the sake of posting, they will be removed.


8] These Rules & Guidelines may be amended at any time. (last update September 17, 2009)

If you believe an individual is repeatedly breaking the rules, please report to admin/moderator.
See more
See less

Lawsuit against U.S. Federal Reserve seeks Armenian gold looted by Turkey

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Lawsuit against U.S. Federal Reserve seeks Armenian gold looted by Turkey

    Lawsuit against U.S. Federal Reserve seeks Armenian gold looted by Turkey

    By Harut Sassounian

    Publisher, The California Courier

    The Glendale-based nonprofit Center for Armenian Remembrance (CAR) sued the U.S. Federal Reserve on March 4, seeking information on its acquisition of a large amount of Armenian gold looted by the Ottoman government in 1915.

    CAR filed the lawsuit under the Freedom of Information Act. The gold, originally valued at five million Turkish Gold Liras ($22 million dollars), is now estimated to be worth hundreds of millions of dollars. The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York recently claimed that they have no records of any Armenian gold in their possession.

    It was not easy to trace the circumstances under which the Armenian-owned gold was transferred from Istanbul to the United States almost a century ago. The results of our research on the convoluted series of transactions are summarized below:

    The Ottoman government had seized the gold and other valuables belonging to Armenians deported and killed in the 1915 genocide, expropriating their bank accounts and safe deposit boxes. The Ottoman Liquidation Commission used a complex set of bank transfers to hide the trail of this “blood money.” The Turkish Treasury placed the looted Armenian gold initially in the German Deutschebank in Istanbul. In 1916, the gold was transferred to the Bleichroeder Bank in Vienna, and from there moved to the Reichsbank (German Central Bank) in Berlin, and deposited in the account of Ottoman Public Debt.

    At the end of World War I, when the Allied Powers demanded reparations from Germany and its Ottoman Turkish ally, German officials had no choice but to comply with that request, agreeing to turn over to the Allies the Armenian gold held by the Reichsbank. Accordingly, the expropriated Armenian gold was transferred to France and Great Britain in 1921.

    A subsequent British document confirms the true ownership of this gold. On September 26 1924, leaders of the two main opposition parties in Great Britain, Liberal Party leader and former Prime Minister H.H. Asquith and Conservative Party leader and future Prime Minister Stanley Baldwin sent a memorandum to Prime Minister Ramsey MacDonald pleading for British assistance to Armenians in view of their support for the Allied cause and the great suffering they endured during World War I. The two British leaders argued that “the sum of 5 million pounds (Turkish gold) deposited by the Turkish Government in Berlin in 1916, and taken over by the Allies after the Armistice, was in large part (perhaps wholly) Armenian money. After the enforced deportation of the Armenians in 1915, their bank accounts, both current and deposit, were transferred by order to the State Treasury at Constantinople. This fact enabled the Turks to send five million sterling to the Reichsb! ank, Berlin, in exchange for a new issue of notes.”

    Subsequently, instead of returning the Armenian gold to its original owners, Britain and France sold it to the United States Government through J.P. Morgan Bank in Paris, by exchanging it for U.S. Treasury Certificates.

    On January 29, 1925, Senator William H. King submitted resolution 319 to the Senate Foreign Relations Committee demanding that the looted gold be “set aside in trust” for Armenians. The resolution stated: “The Turkish Government had arbitrarily seized and transferred to the Turkish treasury all bank accounts, both current and deposit, belonging to Armenians, by which Armenian gold in the sum of 5 million Turkish pounds, amounting to $22,450,000, was transferred to the Turkish treasury, which gold was afterwards deposited by the Turkish Government in the Reichsbank at Berlin…. Said deposit of Armenian gold in the Reichsbank at Berlin was by article 259 of the Treaty of Versailles transferred and surrendered to the principal allied and associated powers, including the United States…. Said deposit in equity and right belongs to the Armenians from whom the same was seized, or to their legal representatives…. Said deposit s! hould be set aside in trust to be hereafter paid over to the persons from whom said gold was seized, or to their lawful representatives….”

    This gold is just a small portion of the billions of dollars of Armenian assets stolen by Turkey and various other countries during and after the Armenian Genocide. The restitution of all looted Armenian assets, wherever they may be, should be one of the highest priorities for those pursuing justice for the horrendous crimes committed against the Armenian nation.
Working...
X