Dave,
The Gold Anti-Trust Action Committee's
open letter in the Washington D.C.
RollCall newspaper could very well
cause a sooner than later development
into the importance and desirability
of gold and other precious metals that
represent a store of value or protection
like insurance against a nation's currency.
Unlike GATA's first open letter in RollCall,
this one goes beyond a government conspiracy
look-a-like and thusly being ignored along with
the other "soup of the day" babble of men on
street corners holding sign "Life Ended Yesterday."
This one went outside the government into the place
of big and powerful financial institutes & persons
with the naming of names, and with a re-election
"threat" to politicians.
All in public, not on a "crackpot web site"
nor on a "gatanut web site."
If not addressed by those pointed to by GATA either
thru legal action like a lawsuit or thru simple
presenting facts to prove GATA has incorrect data,
then its "guilty until proven innocent."
Now the mainstream media has but no choice
to look into this matter, as they know that
all non mainstream reporters and investigators
will be looking for The Big Story. Now all the
mainstream media outlets having colluted together
in an unwriten and unspoken agreement to leave
untouched the big money and big power folks
that they rub elbows with and toast drinks with
at high societies parties, now the story will break
sooner than later by a no name newspaper and they
will be scooped and left holding a Freedom of the Press
paper bag with a hole in it's bottom and their creditability
will have fallen and disappeared as it washed down into
a storm drain of a street gutter outside their work place.
Might be a good idea to perk up the company web site
tyhee.com
as it is only now a signal "hello" page.
What was to be next year
GATA has now made into a next month.
[Start.]
The Gold Anti-Trust Action Committee
has concluded that the gold market
is being recklessly manipulated
and now poses a serious risk
to the international financial system.
Gold Anti-Trust Action Committee (GATA)
... off-balance-sheet gold derivative contracts
on the books of Morgan Guaranty Trust Co.
went from $18.36 billion to $38.1 billion
in the last six months of 1999.
... far too big too be repaid back in a short time.
... Federal Reserve Chairman Alan Greenspan
and Treasury Secretary Lawrence Summers
... have denied any direct involvement in the gold market
... But they have declined to address whether
the Exchange Stabilization Fund,
which is under the control of the treasury secretary,
is being used to manipulate the price of gold.
... New York bullion banks, particularly Goldman Sachs,
from which the immediate past treasury secretary,
Robert Rubin, came to the Treasury Department,
have moved to suppress the price of gold
every time it has rallied over the last year...
... believes that U.S. government officials
and these bullion banks have induced
other governments to add gold supply
to the physical market in recent years
to suppress the price...
... this "gold carry trade" is
a financial bonanza to a privileged few
at the expense of the many...
Suppressing the price of gold gives a false impression
of the U.S. dollar's strength as an international reserve asset
and a false reading of inflation in the United States...
Massive amounts of derivatives are being used
to suppress the gold price.
If this situation is not corrected soon,
there will be a gold derivative credit
and default crisis of epic proportions
that will threaten the solvency
of the largest international banks
and the world standing of the dollar...
Gold Anti-Trust Action Committee (GATA)
Suite 1203
4718 Cole Avenue
Dallas, Texas 75205
gata.org
Bill Murphy, Chairman, LePatron@LeMetropoleCafe.com
Chris Powell, Secretary/Treasurer, GATAComm@aol.com
Ethan Stroud, Attorney at law, former Justice Dept, Treasury Dept
John Feather, Attorney at law, formerly legal staff, Federal Reserve
Bank
[End.] |
