The Incredible Story of the Largest Wealth Transfer in History

[@TodayIFoundOut]

Go to curiositystream.thld.co/brainfood_0622 and use code BRAINFOOD to save 25% off today, that’s only $14.99 a year. Thanks to Curiosity Stream for sponsoring today’s video.

[@davea6314]

Largest transfer of wealth in history: Operation Fish Largest con by a US President in history perpetrated by: Don the Con Trump

[@anarchyantz1564]

You misread your sponsor. You mentioned Apocalypse: World War II when the picture on the screen was for World War I

[@lawrenceparker1523]

2020 was ..... . Come on Simon you know better this gets a BIG thumbs down ... .

[@revlouch]

I gotta say, despite the effort they put into most videos on the editing I really hate how they almost never actually link the videos they refer to. Making it, combined with the way they name videos, next to impossible to find -.- long time viewer

[@toddrklein3188]

That’s exactly what I did. Thanks for the video, and thank you for the work you’re doing at this KZbin channel. And thanks to you I have enjoined CuriosityStream.

[@homeboyjon4885]

There’s a great story about how the Norwegians had kids sledding down hills with layers of gold on their sleds, past German sentries.

[@MichaelEilers]

So the whole thing was literally just “hey dude, hold this for me” as you hand your keys and wallet off to someone before squaring up with some drunk in an alley

[@mattday2656]

its wild to think about, a U--boat got spotted a few kilometres from my apartment (which was built in 1915), spotted from partridge island in the bay of fundy, which is a block away from me and my favourite coffee shop is where Benedict Arnold's house was when he hid out up here after the revolution.

[@Logan.]

When WW3 comes, you're on lookout duty lol

[@InertiaCreeps]

And they say history only comes from Europe! ;)

[@653j521]

Which makes us wonder what YOU are up to.

[@notoriousresearcher]

"The Canadian government keeping it generally hidden from the public" no kidding, I'm Canadian and this is the first time I'm hearing about this!

[@staytuned2L337]

There's so much hidden under the maple glaze

[@mattday2656]

I know, my history teacher was even transparent about why Irving pretty much own New Brunswick, but never knew about this lol.

[@terryarmbruster9719]

Huh? Learned it grade 5.

[@staytuned2L337]

@@terryarmbruster9719 when did you go to school ? The curriculum must have changed because when I went there was no mention of this

[@thewhitewolf58]

So do they have better organization than the usa? Since the government cant sneeze without a worker leaking it to the press.

[@InertiaCreeps]

ADDITIONAL FUN FACT: If Factboi’s figures are accurate (and they usually are) the £2.5 billion of various assets would be worth £174,114,820,698.09 in the UK, or in US Dollars: $212,937,202,269.14 as of today June 23rd 2022. Great video Simon!

[@Kadeo-ms6qw]

In other words they practically transferred a single Elon Musk.

[@briancrawford8751]

@@Kadeo-ms6qw No, there's a big difference between stock wealth and hard cash.

[@Kadeo-ms6qw]

@@briancrawford8751 it’s a joke chief.

[@joshyoung1440]

@@briancrawford8751 you missed the point -a little bit- _by a mile_ there, bud

[@joshyoung1440]

@@briancrawford8751 also what makes you think that all of Elon's assets are liq- *no dammit I will not engage with pedantry.*

[@roberw1912]

Canada's role in aiding the allies in both World Wars is never fully appreciated.

[@Brett_S_420]

You guys are great. South Park has done a number on ya though.

[@jaimiehardy5652]

We're eternally grateful in the UK.

[@williamchamberlain2263]

Definitely under-appreciated. Canadian commandos and pilots were nutters

[@pharmjust]

The topic of a nation’s value in gold is intriguing and I feel that a video analyzing the top nations’ physical gold assets would be mind-blowing.

[@iggusify]

Nah these days gold is seen as something obsolete and archaic. Your government has more modern and sophisticated ways to manage money. Nothing interesting to see here, get back to work.

[@reddune6185]

Yes, debt notes are the only "money" pleebs should have, and only to pay debt, not to keep.

[@darlingdeb7010]

Makes me want to go buy more jewelry 🤣

[@Maven0666]

@@darlingdeb7010 I have been.The worth always goes back up!

[@DhruvlukeMusic]

you: secretly storing tens of millions of pounds in gold also you: "dont worry everyone, nothing worth stealing here. its just the crown jewels"

[@theawesomeman9821]

"It belongs in a museum!" -Indiana Jones

[@gumunduringigumundsson4315]

One could not sell them.

[@JCOwens-zq6fd]

Actually "the largest transfer of wealth in history" jist happened over the past few years. Very similar scheme to what they ran in WW2 just a little more technologically sophisticated this time.

[@colinsmith2005]

Simon is a yes man to the elite, lab leak ? Ask the teacher if you can go to the bathroom.

[@TheHardys01]

That would be considered current events tho, and we can't talk about current events. Everything that is done by wrongdoers with wealth only happened in the "distant" past.

[@julianshepherd2038]

How old is history

[@onone9149]

💯

[@notchrisloveing9319]

@@julianshepherd2038 anything that happened after this text , technically it's the past thus history

[@dianan4256]

I’m learning about this for the first time as someone who grew up in Montreal then moved and now lives in ottawa and it is wild. History classes never taught anything fun.

[@skyden24195]

An operation so secret that this is the first time I'd ever heard of it happening.

[@653j521]

They didn't even tell you about it? Wow, that is secretive!

[@skyden24195]

@@653j521 I know, right. You'd think someone would have some sense and consideration, but no, the world is full of jackasses.

[@-MarcusAurelius]

Trust me, if I haven’t personally heard about it then it’s probably a secret.

[@PitboyHarmony1]

Why am I not surprised ... UK: "We need somewhere to store our gold, I know ... Canada" Canada: "Well ... ya dude ... do ya think we'd steal it?" Rest of Europe: "Great idea, Canada wont steal it, put ours away too, k?" UK: "Ok cool ... but Canada, ya have to give us all of Frances money" Canada: "Whaa? Do ya think we're gonna let you steal it?"

[@Brownyman]

Much of Canada’s gold is now in the windows of the Royal Bank Plaza building. About 2,500 ounces worth actually. The effect is spectacular, and would make a good Megaproject video.

[@patheddles4004]

Offhand that seems to be about 2% of Canada's remaining 3-ton gold stockpile, after they sold off most of their reserve. Not sure how much of other countries' gold they're currently storing, but yeah honestly you have more of a point than I thought when I started writing this reply. (for reference btw, the US gold reserve is ~2700x larger than the Canadian gold reserve)

[@fumblerooskie]

Tim Cook will be remembered as the greatest Canadian historian of all time. Canadians have learned more about its past efforts in war from him than from any other.

[@jamessmith3978]

I also get confused between the weight in lbs. of cargo, and the British monetary pound.

[@randomshorts739]

400 million in the 1940s is today worth 20 billion on one shipment wtf

[@randomshorts739]

In total over 120 trillion in today's money was transferred

[@joshuahunt3032]

“A ship arrived in the port of Halifax…” as an unfinished sentence scares me more than it should lol

[@UniquelyPenny]

As a Canadian I had no clue.

[@joshuahunt3032]

Britain: “give us that gold back, we need it for the war effort!” Canada: “Bitch, the homeland might not SURVIVE the war effort! We might need to keep the gold here anyway!”

[@MissionHomeowner]

I'm a Canadian who has studied history and I have never heard of this.

[@Johnson30-06]

The largest wealth transfer in human history happened in 2020, when world governments allowed only major corporations to operate, printed more money for corporations than ever, and permitted corporate footsoldiers to burn down the competition.

[@beejwalden2009]

Cool.

[@rarex50484]

they've changed the definition of transfer of wealth. it doesn't mean that anymore. it means this now.

[@davidbabcock5172]

Yeah right and I am sure your living without anything these evil companies ever made. Take a real look at these communist country you must love. What have they ever developed for the common people in their countries. NOTHING! In communism only the political connection can get you out of poverty. Grow up and look around, what is the living standards of every communist country, shitty!

[@AsbestosMuffins]

2020 was the cap to that. Quantatative Easing for the last 14 years has been dozens of trillions of dollars going straight to the investor class at the expense of all other people in the world

[@aghastlyghost]

Later points out this is PHYSICAL wealth.

[@cenewman007]

In the 1700s, India and China represented nearly half of the world's GDP. In less than a hundred years, Britain had taken almost all of it. I'd say that's more than this event.

[@williamchamberlain2263]

In the previous two centuries a lot of the gold and most of the silver that Spain pulled out of the Americas had gone to China in trade, which is around the same scale

[@cenewman007]

@@williamchamberlain2263 Add to that the wealth the other European countries yanked out of Africa, and we'd definitely have a three way race! Some artifacts are being returned, but I won't hold my breath on the gold, silver, and minerals.

[@sygish]

A little industrial revolution happened that lowered the mostly agricultural value of China and India vs Europe.

[@hbailie9115]

I knew about the British gold, but not the other countries. Kudos to King for refusing to stop acting out of 'colonial obedience'.

[@catherinejohnson1354]

Of course we didn't let the secret out, we are Canadian, we know how to keep a civil secret

[@coal.sparks]

It's not the only secret thing Canadians kept mum about during the war, I'm sure it won't be the last that gets revealed. But it does make me laugh a bit to think of gold just being stuffed everywhere willy-nilly. :)

[@InertiaCreeps]

FUN FACT: The Secretary of the Bank of Canada also had a code phrase that he said to signify that all of the gold had been stored and secured. This code phrase was: “So long, and thanks for all the fish!” xD

[@Extinguisher10]

1:53 - Giggity!

[@CardboardBots]

I'm confused by the use of pounds because it can mean worth of money or amount of weight.

[@aghastlyghost]

Ikr! But yeah weights in this video are in tonnes and pounds is £

[@Bookofwords]

when Britain is the subject, and it is specifically talking about money, pounds means great british pounds, the currency

[@StefanMedici]

Interesting aside, Thailand does the same. Baht is the currency but it's also a weight used for gold. Everyday they release the price of how many Baht it costs to buy 1 Baht of either bar or jewelry gold.

[@Raz.C]

Hang on a minute... Simon says that the Lend-Lease program was about sending war materiel to the UK (and others) for cheap or for free, as long as they were returned at the end of the war. Is that right? From what I've read about Lend-Lease, it was about sending war materiel to allies of the USA, engaged in fighting against enemies of the USA, free of cost, as long as said allies used said materiel to fight against said enemies. There was no provision necessitating the return of the equipment, just one necessitating its use in war against enemies of the USA. I mean, was any of the materiel ever actually returned to the USA after the war?? Because I can only find evidence of a small number of unarmed ships being returned and nothing else...

[@darlingdeb7010]

Me at the Jewelry store: I'm not shopping. I'm INVESTING. 😎

[@isaacthek]

... don't you think it would be against Britain's interests to admit to the sinking of a ship containing millions in gold if it weren't recovered? It's quite possible considering the complete secrecy that boats WERE sunk but no one recorded it...

[@johnmcm7690]

No that's not how money works. Would you take a hundred k and bury it? It's no use if no one knows you have it.

[@Maven0666]

Unless you’re a professional,you don’t want to go look for it there. Treacherous water.

[@iggusify]

@@Maven0666 So you think there is a lot of gold at the bottom of the sea, but you are plannig to salvage it yourself?

[@cd5433]

@@Maven0666 "treacherous waters" lmao sounds like an old pirate warninf

[@Maven0666]

@@iggusify I could never but you can try.It is pretty deep.

[@AllDayBikes]

As a resident of Halifax, this is cool as hell haha. Always love hearing the name in history

[@MoshpitMaestro]

One of the best ad reads yet.

[@alyssinwilliams4570]

took me awhile to realize 'pounds' was referring to the brit currency, not the unit of measurement. I was gawking a bit at the idea of 613 million pounds (weight) of gold O_O

[@kaltaron1284]

Well, they were once one and the same one pound of British Sterling silver.

[@frankchase9297]

Very interesting. Thank You!

[@rodsprague369]

Canada makes me proud to be North American (I live in Moscow Idaho, the second largest Moscow in the world).

[@comettamer]

Same, although I live in Cheyenne Wyoming.

[@blaircolquhoun7780]

It's like something out of an Alistair MacLaine novel____without the murder.

[@jamessmith3978]

I love all of his videos, because I lived through many of the WW2 episodes (don't remember all I was born in 1942) the only negative thing I can say (and I know he must relay a lot of info in a limited space) is that I cannot hear as fast as he can speak. lol

[@Maven0666]

I hope before you pass on ,the world realizes what you really helped to do.My grandpa was one of the telephone wire runners.That bridge became famous,but he never did.He was amazing and you are too.Thank you.

[@chrissirvid5845]

Always interesting, informative and entertaining 👌 👍 team.

[@snoopy_peanuts_77]

the largest transfer of wealth in history just happened in the last few years which is why wealth inequality is greater now that in the guilded age.....

[@iteerrex8166]

From what I have learned since 2001, all the big awful events that have happened in the past 3 centuries or so, none have been accidental, nor the act nature, or some random poor group out of no where.

[@revlouch]

Wrong meaning of transfer XD

[@revlouch]

“Largest physical migration of” :p

[@snoopy_peanuts_77]

@@revlouch over the last 39 years 40 trillion has been transferred from the working class to the ultra rich....40 years ago a billionaire was a rare thing .....now there are hundreds directly siphoning wealth in a trickle up fashion... so if you can tell me how that's not a wealth transfer I'd love to hear it

[@maxpayne2574]

I'm quite sure the boxes wouldn't have been labeled as containing gold. I doubt if even the ship's Captians knew what they had on board.

[@patheddles4004]

Labels maybe not, but the captains would have had to know. Gold is /very/ heavy.

[@steveskouson9620]

THANK YOU! Cooler colors are actually warmer temps. Thank you for pointing this out. steve

[@ar-ex6203]

Simon at it again!

[@maxbracegirdle9990]

Uhh, Simon.. That says apocalypse WW 1... Idk how happy Curiosity Stream will be with that..

[@socksal]

British ships had the coolest names.

[@kcollier2192]

Considering England's history of taking 'antiquities' from other countries it would have been ironic if the gold was never returned.

[@ThexMJT]

Canada was part of the British Empire. It would be stealing it from itself.

[@kcollier2192]

@@ThexMJT British EMPIRE yes- ENGLAND, no, and I did specifically say England for a reason.

[@ThexMJT]

@@kcollier2192 it was the British empire that went around taking everyone's stuff or Britain. As it was British gold that was being moved. Not just England.

[@pmgn8444]

Interesting! This something I've never heard about. Stuff like this is why I watch this channel along with some of Fact Boi's other channels.

[@Luke..luke..luke..]

I though the US loan of Platinum to the USSR was bigger in value? Think it was lost at the bottom of the ocean though. Could be worth a video.

[@brad885]

Allegedly

[@robertbaker746]

So they never recovered that lost shipment of 4300 bars of gold?

[@andrewcarter3531]

Was any of the gold returned to Great Britain?

[@ShyfireBaillie]

Thanks!

[@mriconoclast13]

Largest transfer? Were you guys not paying attention during the bank bailout of 2008?

[@jasonwojnicz]

I wonder if they ever did send the crown jewels?

[@sinbadw00t]

biggest wealth transfer was actually mansa musa estimated at over 400billion in gold distributed

[@japanesehighlander]

Very interesting thanks

[@gaeshows1938]

baby boomers -> millennials would be the largest wealth transfer in history

[@terryhalsteadgamer]

Here watching from Halifax England :D

[@jeremymaasch1890]

Well why did you see that there's a shipment of fish scent if it wasn't a shipment of fish like what's the point to be deceiving

[@musclesmouse]

Would be the printing of the US dollar in the past 50 years

[@nutsbutdum]

The largest wealth transfer happened on March 27, 2020.

[@cjperry2731]

Indeed.

[@DolFunDolhpinVtuber]

Wow, that was so much gold.

[@novella8300]

Wow it was that serious with the transfer process 😂😂😂😂 but that’s cool

[@LordZordid]

That sure is some expensive fish.

[@rikmichaels9233]

The bailouts of the banks in 08 or 2020?

[@J3scribe]

First I've heard about this operation, and fittingly I learned about it on TIFO. You couldn't even pull this off today, some idiot schmutz along the chain of worker bees with social media aspirations would have to spill the beans, "Fuck national security, you heard it here first!" Of course, wisely, a country can't base it's national GDP on the gold standard in the modern era. This same operation today is now (after various consolidation) about 5 mouse clicks away from success. Naturally, those same sort of mouse clicks can freeze a country's assets too, and then some, in the same amount of time.

[@iggusify]

Yes it can easily be frozen. Unless the country would use crypto currency. But nah, that crypto stuff is wierd, it will never work.

[@J3scribe]

@@iggusify You can't spend it at Walmart. lol

[@collinscody57]

Back when people knew when to keep there mouth shut. Back then even if someone had seen it they would have realized it's importance and Said nothing. Now days if anyone found out it would be on the internet before a second thought was given.

[@zogar8526]

It isn't that people were any better. They would have gossiped just the same. They just didn't have the internet to spread it as quickly as we do. The romantization of t he past, including its people is stupid, and 100% objectively wrong. The past was the worst, and that includes the people, in all ways.

[@collinscody57]

@@zogar8526 as it was a time of war under Canada law that would be "the unauthorized release of information detrimental to the war effort of Canada or a ally" aka treason and could get you executed.

[@TheCanePaints]

sadly the price for curiosity stream is around 10.99 per month in germany… and your code doesnt work 😥

[@shadowmancer7040]

Does his beard look more luxurious than normal?

[@oracleofdelphi4533]

Can't wait for the next time this happens.

[@YouTube_can_ESAD]

?

[@yomejjuan]

@@KZbin_can_ESAD it’s a joke because it already happened during the lockdowns, the middle class and the upper lower class blazed through their savings and credit trying to keep themselves afloat while people like Jeff Bezos and Bill Gates only got more wealthy, literally the greatest transfer of wealth ever.

[@BlewJ]

What do you mean?

[@peterzotti6430]

We can just send Bitcoin these days... The days of gold bars is ending..

[@joeyr7294]

???

[@The1stDukeDroklar]

In Nevada we call that a brothel 🤣

[@randomshorts739]

Green ock NOT Gren ock

[@djagnew420]

Simon this is the second video I've seen you call it Grenock, it's Greenock. Pronounced GREENock!

[@johnnsteele2886]

He does it for the comments. I swear it.

[@ianharvey4406]

Apocalypse world war 2 is actually Apocalypse world war 1

[@alexandru.onofrei77]

General Whistler! :)))))

[@sirecarrot9124]

So far ! GME is waiting.

[@rockybalboa8871]

Best transfer of wealth is done trough kings 🤴

[@curiodyssey3867]

Aka C.E.Os

[@shannonjaensch3705]

It's done via corporations these days and those who run them and have been corrupted by those who truely run the world behind the Governments and behind the scenes.

[@Gsoda35]

and then we hit a brick wall at the end of this story so no more fun here.

[@kuunib7325]

Canada true gigachads

[@nitehawk86]

If you love murder and you love maps...

[@jaimiehardy5652]

The US was not at this time, supplying the majority of war materiale.

[@keviny1936]

Actually, it was Germany that declared war on the United States, not one of Hitler's better moves.

[@perrydowd9285]

Canada imports fish?

[@jessgunn6639]

you really have to wonder just how many tons of gold didn`t make it and are lying at the bottom of the sea!

[@jackiec498]

I don't have to wonder. I know stuff.

[@jackiec498]

Btw the answer, if you're curious, is a lot.

[@jessgunn6639]

@@jackiec498 yeah, you know they aren`t going to admit to how much lol

[@dokuujin1851]

This video makes me feel dumb as hell. By the like 6 minute mark I no longer knew if you were talking about weight or currency. The word pound was said WAY too many times. 😭

[@reaperthemad8731]

"Largest Wealth Transfer in History" video is not about Covid or military industrial complex endless war... visible confusion

[@tinaroberts5858]

O CANADA. LOL

[@pjeaton58]

Did they ship it all back after ther war ???????????

[@HeatherK82]

Gooooood Lord!

[@TheEvilCommenter]

Good video 👍

[@RT-ol4hh]

HOW DO YOU KNOW IF IT WAS A GOOD VIDEO? YOU DINT WATCH THE HOLE VIDEO!!!!! I’m sick of these flim flam comments! STOP! L I A R ! !

[@RT-ol4hh]

I’m not kidding. Don’t say your first unless you watch the hole video! Remove this comment or I will!

[@momenthumb5962]

@@RT-ol4hh Good video 👍

[@TheEvilCommenter]

@@RT-ol4hh No 😎

[@TheEvilCommenter]

@@RT-ol4hh Do it.

[@jessewilson8676]

Dang…looks like the USA missed a good opportunity to battle Canada (again). Nice pay off

[@rajeshmeena994]

Lol what happened to India to british transfer?

[@pstonge123]

Fantastic 🍻

[@twocvbloke]

A fishy story indeed... :P

[@TheReck12]

Largest transfer of wealth actually happened recently when the US took 7 billion dollars from Afghan banks and gave it to a few Americans

[@MinMaxxx]

I found an article that says in today’s money the gold and securities they transferred would be over $300 billion as of 2016. $7 billion is pocket change.

[@Koolaidheart11]

Bro I’m eating cookie dough and it’s tickling my mouth lol

[@danielcurtis1434]

Greatest transfer of wealth…until Covid-19!!!

[@charlieclark9552]

ok I'll bite who got rich

[@untitled795]

@@charlieclark9552 LOL

[@alejandrotafoya7286]

Soon to be the 2nd biggest….

[@xthe_moonx]

ur gonna have to re-do this video after gamestop moons.

[@pathemeleski]

Not a fan of WWII content. I do like casual criminalist.

[@5777Whatup]

How dumb to give away gold