ole 49r, seems that you are confused with what GATA is, so I will attempt to
help make clear using material obtained from the GATA web site to identify
areas that may need better understanding by you. Hopefully you will accept
that this organization, which is non profit, was very recently created by a
man who felt that freedom from criminal activity in the gold markets was an
issue that all persons on this planet Earth had an interest in eventhought
most citizens of all nations have been falsely lead not to make connections
with the price of gold and the paper money their governments print.
I present now a collection of data obtained from the GATA site, and just as
the man who created this organization had no prior experience or training
in creating and presenting a non profit organization, I also do not and I
may represent this data in a misleading manner without knowing so simply
because the GATA web site is in a "learning" mode and any incorrectness
is done thru this process, and not to mislead or go outside boundaries.
You ofcourse can correct anything you find that need changing thru a simple
reply to the GATA web site with reasons for such change.
First, who is who, and what they did or presently doing inside and outside
this non profit organization. Also an e-mail contract is available, and if
the path is not directly to GATA then it will be rerouted so that it will
be received correctly by GATA and not used in any other manner, and that
was not the intension or desire or purpose. But if there is a hiccup here
in that regard please identify it so that it can be corrected. Thanks, Doug.
Bill Murphy, CHAIRMAN, LePatron@LeMetropoleCafe.com
Chris Powell, SECRETARY/TREASURER GATAComm@aol.com
Ethan B. Stroud, Attorney at law,
formerly Justice Department, Treasury Department
John R. Feather, Attorney at law, formerly legal staff, Federal Reserve Bank
GOLD ANTI-TRUST ACTION COMMITTEE, INC.
Suite 1203, 4718 Cole Avenue,
Dallas, Texas 75205
www.gata.org
The Gold Anti-Trust Action Committee was organized in January 1999 as a
Delaware corporation to advocate and undertake litigation against
illegal collusion to control the price and supply of certain financial
securities, particularly securities involving gold. The committee arose
from essays by Bill Murphy, a financial commentator, and by Chris
Powell, a newspaper editor in Connecticut, published at Murphy's
Internet site, www.lemetropolecafe.com.
Murphy's essays reported evidence of collusion among financial
institutions to control the price of gold. Powell, whose newspaper had
been involved in antitrust litigation, replied with an essay proposing
that gold interests should act on Murphy's essays by bringing suit
against the financial institutions involved in the collusion against gold.
The response to these essays from gold interests throughout the world
was so favorable that the committee was formed. Murphy is chairman and
Powell is secretary/treasurer.
The committee is raising money and recruiting a law firm for the lawsuit
it advocates.
GATA also seeks to disclose and publicize the huge speculative short
positions in gold taken by financial institutions and bullion banks.
GATA believes that 10,000 tons of gold or more have been sold short by
these speculators, even as yearly mine supply of gold in 1998 was only
2,529 tons. When, through our lawsuit, we are able to show how short in
gold even one major financial institution really is, other institutions
will buy gold in quantity, knowing the short position in gold is too
large to close without causing a substantial rise in the price of gold.
Then the gold collusion game will be over.
HOW YOU CAN HELP
The Gold Anti-Trust Action Committee seeks financial and moral support
from gold mining companies, investors in gold mining companies and
physical gold, and those who seek to preserve gold's vital role in the
world's economy.
Contributions are used to advocate and undertake a lawsuit against
financial institutions that are colluding illegally to control the price
and supply of financial securities, particularly those involving gold.
Contributions may be mailed to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer,
7 Villa Louisa Road,
Manchester, Conn. 06043-7541 USA.
Chairman
Bill Murphy
LePatron@LeMetropoleCafe.com
Secretary/Treasurer
Chris Powell
GATAComm@aol.com
GATA discussion group
Join our Free Discussion Group for Gata-Related issues.
LeMetropole Cafe
Le Metropole Cafe is a meeting place for those interested in the current
Gold situation, the state of the economy, investment information and
open and honest information regarding those who would manipulate our
lives for their own gain. A subscription site, but you can get a Free
Trial Membership to 'sample the fare'.
(off topic)
ole49r, I would like to address one of you comments, the suggestion you
made to GATA on how they should run their non profit GATA organization.
You itemized it as a Rule that should be adapted to insure success,
but I feel that it is counter to the purpose and spirit from which
Bill Murphy created GATA, and represents that which he feels is wrong
in the gold market. Your rule is of the type of procedure that allows
others to influence decision making thru withholding facts and presenting
the situation incorrectly, effectively resulting in a lie. I know that
you are an honest and trustful and caring person that has seened much of
life in all its good and bad happening, and I do agree that sometimes in
defense of one'e person and property, one has to play by the rules of the
other side, which are counter to good and correct, but at this point in
time GATA is not at that place. So I feel that if GATA did do as you
suggest, then GATA's activity would lead to the same end result as that
which GATA is tring to remove, that being only a few select will determine
who obtains power and money, at the expense of the others.
<<Rule #1 when running a non-profit. NEVER talk about the amount of money
actually coming in. Makes folks think you don't need their financial
participation. always sound poor so donations' spigots stays open.
Besides, you aren't accountable to anyone except your board, and that
comprises 3 males in this particular case. Ole 49r >> |
