GNN - Mission Impossible: Change Bob & Searle into pro-gata people.
Subj: STUNNING: James Turk - Behind Closed Doors
Date: 4/20/01 6:02:30 PM EST
From: LePatron@LeMetropoleCafe.com
To: Searle@unBelieve.com
Le Metropole non-Member,
James Turk of The Freemarket Gold & Money Report
has served startling commentary at The Matisse Table
entitled, "Behind Closed Doors."
"A few weeks ago...
... interesting sleuthing
... been assisting Reg Howe in his lawsuit against the BIS
... revealed that the Treasury has made
... significant accounting change
... of nearly 1700 tonnes of inventoried gold
... (approximately 21% of the total US Gold Reserve)
... from "Gold Bullion Reserve" to "Custodial Gold".
"We now know...
... Bundesbank has loaned 1,700 tonnes
... one-half of its 3,400 tonnes reserve
... other 1,700 tonnes were swapped for gold in the US reserves,
requiring the change in the West Point vault
from Gold Bullion Reserve to Custodial Gold.
"In other words, the Bundesbank's vault is empty
because one-half of their gold is stored in West Point
not Europe, and the other half has been loaned out."
An outstanding effort by James Turk
and one that he will present to the attendees
at the GATA African Gold Summit in Durban on May 10.
James Turk has tied up the loose ends.
It all fits together now as the GATA camp
has collectively come up with all the evidence
needed to expose a scandal much bigger than Watergate.
Bigger because of what is has done to the economies
of sub-Saharan Africa and the U.S. principles of advocating
free markets; the bypassing the will of the U.S. Congress
and the American people; exposing the less than truthful statements
by Alan Greenspan and Treasury officials to members of Congress
and citizens all over the world; and the hypocrisy of
the Clinton Administration in lobbying for IMF gold sales
to help the poor when all they really wanted was
physical gold supply for their gold scheme.
This scandal is as big as it gets and it is finally being exposed.
How happy do you think the African gold producing countries
are going to be when they learn the facts?
How about the Germans?
It is conceivable that all their gold is gone.
If they ask the U.S. to swap back the West Point gold,
we just might say sorry; that we cannot do so because we need
the gold to bailout JP Morgan/Chase and Goldman Sachs.
Possession is 9/10 of the law.
This Turk analysis also gives tremendous credibility
to Frank Veneroso's gold loan numbers that are double
to triple those of the industry accepted GFMS number
of 5,000 tonnes. We now know where some of that extra
5,000 to 10,000 tonnes has come from.
The ramifications of what we have here are staggering.
... this report by James Turk should be sent immediately
to every gold producer, U.S. Congressman and...
... Treasury Secretary O'Neill should be asked point blank
about the Howe/Turk/GATA discoveries and allegations.
... be sent to the German press and to the opposition party in Germany.
And, to the press of all gold producing nations.
BILL MURPHY
CHAIRMAN
GOLD ANTI-TRUST ACTION COMMITTEE
All the best,
Bill Murphy
Le Patron
www.LeMetropoleCafe.com |
