Good Morning, Do you know where your Gold is.????
To:
tyrexresources@siliconinvestor.com
Subject:
GATA Press Release / Request for Internet Email Action to Congress
From:
LePatron@LeMetropoleCafe.com Add to Contacts
Date:
Wed, 8 Dec 1999 19:00:54 -0500
Le Metropole members,
GATA's Left Flank goes into all out attack mode
with guns blazing tomorrow against the forces that
have been holding down the gold price.
The following Business Wire press release goes out
tomorrow at 5 AM:
Gold Anti-Trust Action Committee Sends Open
Letter to Alan Greenspan and Lawrence Summers
in Roll Call Magazine.
What Are You Doing With America's Gold?
Dallas, Texas - December 9, 1999
Bill Murphy, Chairman of The Gold Anti-Trust Action
Committee announced today from his Dallas, Texas
headquarters that GATA sent a center spread, open
letter to Alan Greenspan, Chairman of the Federal
Reserve System and to Lawrence Summers, Secretary
of the Treasury, in today's Roll Call Magazine.
Roll Call is widely regarded as the leading publication
for Congressional news and information and is the
hometown paper for the most powerful readership in
the world. Roll Call is hand delivered to each office
in the House and Senate and a White House courier
is sent to retrieve 400 copies for top administration
officials.
The entire open letter may be read at www.gata.org
under "What's New."
Murphy remarked, "Ever since Chairman Greenspan
made the following statement before the House Banking
Committee on July 24, 1998:"Central banks stand ready
to lease gold in increasing quantities should the price
rise," there has been a growing controversy about
whether the Federal Reserve and or the Treasury
Department have been actively involved in the
gold market."
"The Federal Reserve Bank's Open Market Committee
may have the authority to deal in gold coin and bullion,
but all purchases and sales, according to 12 USC 263-359,
"shall be governed with a view to accommodating commerce
and business." If, rather, the Federal Reserve Bank or the
Treasury Department is depressing the gold price in order
to help various and numerous gold short sellers, it is a
clear and illegal violation of the bank's purpose
clause," Murphy claims.
Chris Powell, GATA Secretary/Treasurer added, "If the
Federal Reserve intervened in the gold market after the
October price rise as Chairman Greenspan said central
banks were prepared to do, it was not to accommodate
commerce and business, but to accommodate one half
of the parties to a private contract who had shorted gold.
For the U.S. central bank to use its powers to benefit one
class of citizens to the harm of another class of Americans
is a gross violation of the Constitution's equal protection clause."
Former Treasury/Justice Department Attorney and GATA
Committee member, Ethan Stroud, also states," If the Federal
Reserve Bank or the Treasury Department is in fact selling
gold, lending gold or writing gold calls to rescue the folly
of the gold shorts, such action is contrary to their statutory clause, illegal, despicable public policy and
contrary to the national interest. The manipulation of the gold market has caused irreparable harm to gold
owners, gold companies and
gold miners as well as all Americans."
To clear up this matter, The Gold-Anti Trust Action
Committee asked for the answers to 11 specific questions
from the U.S. Federal Reserve and U.S. Treasury pertaining
to the orchestration of the gold market. The questions are
along the line of, "Have the Fed, the Treasury, or any other
government agency, either directly or through their
management of foreign custody accounts, collaborated with
the Bank for International Settlements, the Bank of England,
or any other central bank with a view to managing, smoothing,
or otherwise affecting the market price of gold?"
The Gold-Anti Trust Action Committee also says that there
is also growing concern that U.S. gold reserves have been
lent or sold. Those gold reserves are a great national
financial asset, yet they have not been audited officially
since the Eisenhower Administration. So in addition to
answering the 11 questions, GATA is asking for an
independent audit so that the country may be assured
that its gold remains in public hands.
End.
Contact: BILL MURPHY, CHAIRMAN, GOLD
ANTI-TRUST ACTION COMMITTEE,
LePatron@LeMetropoleCafe.com
GATA hopes that all those interested in free markets
will alert their Congressmen and Senators to the
open letter to Greenspan and Summers in Roll Call.
It will be on their desks in the morning.
Here are the web sites to email the
House and Senate:
Congress e-mail directory:
webslingerz.com
Senate:
earthlaw.org
Or - To find the addresses and phones for Congressmen,
just by typing in a zip code:
vote-smart.org
Not going to give up on SDMCF, if it can make it thru this BS. We will be stinking rich. .15 each, what a gamble.
DAMOTI OR ZOPILOTE OR BUST>!!!!!!!!!!! |
