Gata Nut News Special: The End, in a gata nut shell.
Yes, its Doom & Gloom Time.
The end really is near, markets will fall,
the US dollar will crash & burn, Powers that Be
will be here today and in court tomorrow.
As major world cities burn
the heat will roast and split open
nuts of all kinds, including the gata nuts
which will be sweet music to gold bugs everywhere.
Who has the physical gold will be the question,
and with the power associated with it
another rule takes hold,
possession is 99% ownership,
and if true, the following
GATA Says Much [87 percent] of U.S. Gold Reserve is Encumbered
might bring back the ghost of clinSin's "is"
as the question to be will not be
"to be or not to be"
but
"when is an encumbrance not encumbered"
as this may be less of the clinSin's "is"
and more of the "sin" of a clinSin.
The ownership of the U.S. Gold Reserves is knowned,
this incunabula knowledge has the extant unchanged
so that a KISS example can be used to describe it,
as follows.
2 cars
a USA Ford
a German BMW
the Ford is swapped for the BMW
the BMW is sold into the market
money from sale of BMW goes to USA
its now realized that the Ford was stolen
so
when Germany asks for the Ford to be shipped to Germany
the USA says NO
no can do since the Ford belongs to the USA people
and the USA people did not give their permission for it sale,
or its swap etc
so
Gemany says that it now has no car
it sold its BMW and sent money to USA
with the understanding that Germany had ownership of Ford
so
Germany protests
and is it like that saying
"What does an 800 pound gorilla do?"
answer = "Anything its wants."
yes and no
as USA says to Germany
"The Ford was stolen and returned to its owners = usa citizens,
and if you wish to undo this then you have to take to court
those folks who swapped with you a car they stole and exchanged
with you your car which you sold into the market as if the USA
person owned it. So Germany, you were con'ed, a.k.a. stupid
or
part of the scheme
meaning,
you knew the deal was part of the gold manipulation activity
meaning
you screwed your citizens of Germany
so
they should take you to court
maybe a World Court
so you can share a cell with the USA crooks.
End of story."
Good Golly, might ole49r grown legs yet? ak
Subj: (BW)(TX-GATA) GATA Says Much of U.S. Gold Reserve is Encumbered
Date: 8/15/01
From: LePatron@LeMetropoleCafe.com
To: Le Metropole Members
(BW)(TX-GATA) GATA Says Much of U.S. Gold Reserve is Encumbered
Business Editors
DALLAS--(BUSINESS WIRE)--Aug. 15, 2001--
"Hard as it is to fathom,
it appears that much of America's gold
is essentially gone or in severe jeopardy,"
... says Gold Anti-Trust Action Committee Chairman Bill Murphy.
... an astonishing discovery
by GATA consultant James Turk in his new essay,
The Mystery of the Disappearing SDR Certificates,
published at the GATA Internet site, www.GATA.org
An SDR, which is acronym for Special Drawing Rights
a.k.a. 'paper gold,'
is a monetary instrument
issued by the International Monetary Fund,
representing special drawing rights for... gold.
Turk has discovered that the SDR certificates on the books
of the U.S. Treasury Department's Exchange Stabilization Fund
have dwindled from 9,200 millions to 2,200 millions.....
Turk explains why this is important:
"The U.S. Gold Reserve does double duty
... the U.S. Treasury has issued Gold Certificates against it.
... with just one small difference.
The U.S. Treasury has transferred its SDR's
to the Exchange Stabilization Fund (ESF),
so the ESF and not the U.S. Treasury
issued the SDR Certificates now owned by the Federal Reserve."
Turk continues:
"The ESF by law cannot issue more SDR certificates
than it has SDR's... in December 1995, a significant date,
because I have contended all along that government actions
that have depressed the gold price began in 1996,
which is the same year that the SDR certificates
began to decline. From this peak to the present
... this reduction in the SDR certificate account
equates to 227.7 million ounces, or 87 percent
of the U.S. Gold Reserve...."
"Everything is fitting into place," Murphy says.
"It appears that the SDR certificates are being used
by the ESF to hide its gold transactions from the American public."
GATA has long claimed that... "Eighty-seven percent
of the U.S. gold reserves is very close to 7,000 tonnes,
which would increase to 12,000 tonnes the official sector
gold out on loan in some way," Murphy notes.
"No wonder former Treasury Secretaries Robert Rubin
and Lawrence Summers and current Secretary Paul O'Neill
have refused to directly answer members of Congress
regarding their gold market queries," Murphy goes on.
"This is most disturbing," Murphy says,
"because there is a pattern of deception,
first by treasury secretaries not answering pointed questions
and then by others who apparently are involved in
or knowledgeable about the U.S. government's intervention
in the gold market and who are conveniently forgetting the facts."
"... in SDR Certificates
and encumbering of the U.S. Gold Reserve?" Murphy asked.
"This is most frightening," Murphy says.
The U.S. Government defaulted
on its gold obligations in 1933 and 1971.
Could it be happening all over again?
Bill Murphy
Chairman, Gold Anti-Trust Action Committee
Le Patron, Le Metropole Cafe
Laura Wood
Business Wire/Dallas
972/458-9555
fax 972/458-7646 |
