For the Record, GATA sounded the Big D Alarm FIRST . Source: groups.yahoo.com group gata . message 1301 . Greenspan hints something terrible is happening with derivatives . By Bill Murphy, Chairman Gold Anti-Trust Action Committee Inc. Tuesday, November 19, 2002 . The following remarks by Fed Chairman Alan Greenspan sound like "cover your butt" talk. Something is up and this wimp knows it. This is exactly what the Gold Anti-Trust Action Committee, the GATA Army, and Doug Noland of PrudentBear.com have sounded the alarm about for years. My guess is that the gold/interest rate derivative neutron bomb is slowly going off. Now that it is too late to do anything... Remember that a GATA delegation... met with... at the U.S. Capitol on May 10, 2000, and warned him of a looming derivatives crisis. We gave him a copy of our Gold Derivative Banking Crisis report, which we also gave to... of the House Subcommittee on Domestic and International Monetary Policy, which has supervision of gold and silver issues... GATA then met [with] chief economist of the Senate Banking Committee. The next day I delivered a copy of the Gold Derivative Banking Crisis report to the office of every House and Senate banking committee member. ... [we] are close to the day when all heck breaks lose. Greenspan is close to his day of reckoning... Got to be in it to win it! * * * . Bill Murphy, Chairman Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. --- Greenspan Says Central Banks Must Watch Derivatives By Michael McKee WASHINGTON, Nov. 19 (Bloomberg) -- Governments must be careful to... |