(GATA News) (1) "revered" (2) Congress can't hear Internet email it receives.
Subj: Harry Bingham - Gold Market Weekly Update
Subj: Steve Hickel - No Coincidences
Date: 1/10/00 10:15:50 PM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
The Kiki Table, Discussion du Jour: Potpourri
Harry Bingham - Gold Market Weekly Update
Hello everyone, this is Harry Bingham reporting on January 10, 2000.
At the beginning of a new year, especially one widely heralded, it may
be well to recall why one should maintain a gold related investment
position at all. The primary reason is.....
Today monetary stability is dependent entirely on the wisdom and.....
Last week, the headline of the Wall Street Journal's report on Alan
Greenspan's reappointment alluded to Mr. Greenspan as revered. The last
Federal Reserve official to be acclaimed "revered" was Benjamin Strong,
former President of the Federal Reserve Bank of New York, then the power
center of the system. On his death-bed in 1928 Mr. Strong said: "We are
now paying the price for the decision in 1924 to help the world back to
a sound financial system". "The decision in 1924" was to loosen credit
conditions in the United States so that.....
... volume of evidence of malfeasance ranging from negligence to fraud
in financial practices and reporting so prevalent during speculative eras,
however, has not abated. Just last week the Bank of Indonesia, an Electrolux
currency trader, Lucent Technologies, Price Waterhouse and an internet chat
room advisor joined a host of banks, corporations and investment advisors
whose reporting or financial ethics are under scrutiny.....
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Steve Hickel
smhickel@iserv.net
January 10, 1999
No Coincidences
It isn't a coincidence physical gold is not available to pay-off but a few
gold contracts, the US Stock Market is at all-time mania highs, and the
Euro stands ready to replace the US dollar as the world reserve currency.
These are all symptoms of the same disease: our past (US) leaders.....
So now we find ourselves in a speculative bubble protected on the
downside with little impunity to those who view the short-term gain
their domain. We have a nearly defaulted paper gold market with
virtually the only gold able to meet contract commitments in the hands
of Central Banks, the most of whom said it isn't leaving their vaults.
Then we have the oil situation that by all accounts shows we have.....
Then it seems that the investigative bodies whose job it is to monitor
the markets to protect the investor has.....
Then we have the lawyers who feel their duty in life is to use the
civil courts to line their pockets with frivolous lawsuits against.....
It is indeed a sad state of affairs whose outcome is politically.....
... the only place you will hear of such things is on the Internet
but not on the keepers and guardians of liberty, the popular press.
... Is it because the message is ... Whatever the reason, the normal
checks and balances seem to be broke or tilted.
Even though more people write their Congress more than ever about
these problems, the Congress hasn't come to grips on how to read
and filter the barrage of warnings and concerns from the very people
they serve. Bill Murphy and I both sent a note to every Senator and
Congress person via email that we could find and address for. Ninety-eight
percent of the messages came back saying that due to the high number of
emails they would only be able to respond if you included a regular mail
address and only if you lived in their district and only if they managed
to read the message (my words). I got back two messages in regular email
that had nothing to do with the issues I wrote about. In other words,
the Congress isn't listening to Internet email. So how could they know
of these problems if they can't hear?
The Press is being manipulated because they have developed.....
... It would appear that the uncomfortableness of the Second Amendment
actually costing lives makes it an unpopular Amendment to support.....
That all of these events occur simultaneously isn't a coincidence.
No, they are all symptoms of that greater problem of checks and balances,
having been also manipulated for the sake of short-term political expediency.
I am of the opinion that this next election for President needs to be.....
... a staunch supporter of the Second Amendment (the current practice
of a right in the Bill of Rights being slaughtered by legislation,
court rulings, and improper enforcement is but the first step to doing
the same with the rest of the Bill of Rights).....
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All the best, Bill Murphy
The above mention of GATA is as follows.
Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org
Also, GATA related articles can be obtained at the pay for view site.
Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com |
