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Politics : Stockman Scott's Political Debate Porch

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To: Dnorman who wrote (508)6/17/2002 6:44:54 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
the gold accounting issue should slowly gather exposure
this one will be the trickiest of all to see daylight
I suspect that JPMorgan will be the catalyst
dunno for sure
Rep Paul of Texas seems to be a spearhead in Congress
dunno if he is regarded as a kook

it is clear double booking by the Federal Reserve
all leased (and sold) gold still shows up on its books
the gold has been replaced in the form of IOU's
e.g. futures contracts, simple IOU contracts

I believe evidence exists that the Fed has begun the margin calls
thru its broker, JPMorgan
case in point is Barrick Gold in May concalls
clear evidence
we will see
/ jim
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