(1) i's dotted & t's crossed (2) To me, Fed's Alan Greenspan hands are clean.
Tyhee Development Corp.1/23/00 - Shares for Debt Agreement Accepted by
Exchange
TYHEE DEVELOPMENT CORP. ("TDC-V;TYHJF-L")
Dr. D.R. Webb, President of Tyhee Development Corp. announces that
further to News Release Series 3 Number 120 dated Friday November 19,
1999, it has received approval to issue 1,665,032 treasury shares of
the company at $0.50 per share in full satisfaction of $832,516.15 debt.
These shares are subject to a hold period expiring November 18, 2000;
one year from settlement date. Of these shares, 913,447 shares in
settlement of $456,723.48 are subject to shareholder approval.
TEL: (604) 681-2877
Investor Relations FAX: (604) 681-2879
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101
Fax:(604) 689-1106
1999 StockHouse.com
Copyright 00 StockHouse Media Corporation, All Rights Reserved.
[end]
Subj: Alan Greenspan's Letter To Senator Lieberman In Response To GATA
Date: 1/24/00 2:29:49 PM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Le Metropole members,
Alan Greenspan has served commentary at the
Matisse Table. It is his letter to Senator
Lieberman in response to the questions asked
of him by The Gold Anti-Trust Action Committee
on December 9, 1999 in a center spread open
letter in Washington's Roll Call newspaper.
A copy of this letter was sent to Alan Yonan
Jr. of Dow Jones who forwarded a copy of it to
me. GATA found it a bit unusual that Alan Yonan
was able to comment on the letter even before
we received notice of the letter from Senator
Lieberman. It would appear that Chairman
Greenspan wanted his side of the story out as
soon as possible. Senator Lieberman wrote to
Alan Greenspan on January 10th and Greenspan
responded to the Senator January 19th.
Here is some analysis from our camp on the
letter. It would seem that Mr. Greenspan
sidestepped certain questions while agreeing
with GATA that it would be inappropriate for
the Federal Reserve to manipulate the gold market:
Our questions were directed as such: "Does the
Federal Reserve or the Treasury Department??."
The Treasury was not mentioned once in Mr.
Greenspan's response.
It was most notable that Alan Greenspan stated
over and over that the Federal Reserve owns no
gold so that it?.. GATA knows that the Federal
Reserve does not own the U.S. gold. The Treasury
does. Why does he keep making the statement?
It would seem that Alan Greenspan is acknowledging
that central banks are leasing gold to hold down
the price with this statement:..., given the
observed willingness of some foreign central
banks -not the Federal Reserve - to lease gold
in response to price increases. Who are the
borrowers?
Alan Greenspan does not deal with the subject
that the N.Y. Federal Reserve might be managing
the gold market in behalf of the Treasury's gold.
He states that the Federal Reserve is not managing
the Fed's gold which we all know they do not own.
GATA would still like to know if the N.Y. Fed,
a quasi-private institution, is regarded
differently than the "Federal Reserve System"
itself and are they involved in the gold market
in any manner in behalf of the Treasury or foreign
central banks.
James Turk made an astute observation about
paragraph 3, page 2 in which Greenspan states:
"As for question 1, the Federal Reserve does not,
either on its own behalf or on behalf of others,
including other government agencies, lend gold
or silver,??.."
James noted the phrase "but not limited to" was
left out after "government agencies." In legalese
that means Mr. Greenspan has not included the
Treasury in his response as it is the government
itself, not a government agency.
The world dissects Alan Greenspan's every word.
He is known as the master of couching every thing
he says. There are no mistakes in his deliveries.
Does Alan Greenspan want to get as far away as
possible from the budding scandal about the
manipulation of the gold market? Is this his
way of saying: I know there will be a big problem
some day as the gold loans are too big (10,000 tonnes?)
and the bullion banks are in way over their heads?
Keep me out of it! ?????
Is he saying: I had nothing to do with the
manipulation of the gold market and is saying as
such in a discreet a manner as possible? Is he
distancing himself from former Treasury
Secretary Rubin and present Secretary Summers?
Remember, it was Secretary Rubin who was the former
CEO of Goldman Sachs and has all the bullion bank
connections.
There is much more that will be said about all of
this in time. Mr. Greenspan mentioned to Senator
Lieberman to let him know if he could be of
any further assistance. We will request that
Senator Lieberman clarify some of the points
brought out above.
In the meantime, we await Treasury Secretary
Summer's response.
Stay tuned.
All the best,
Bill Murphy, Le Patron, Le Metropole Cafe
The above mention of GATA is as follows.
Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org
GATA related articles can be obtained at the pay for view site.
Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com |
