my E'mail to Congress:
Congress and the Senate speaks in broad terms of IMF oversight when instead, they should be assuring exacting audit standards, rules, and certifying an absolute lack of conflict of interest from the managing director Michel Camdessus.
If there is to be an IMF gold sale, fine, but Congress should bring it to open debate(or kill it once and for all) and should have the fortitude to ask the Hard Questions of:
Is the gold even there now, or has it been part of a lend lease program and CAN NOT be returned? There must be not lend lease programs of IMF gold!
Why does IMF Managing Director Michel Camdessus demand the sale of these assets? How are the private financial assets of this socialist invested? Are the invested in a Blind Trust as would be required in our country? If so, how sound are the firewalls of the Blind Trust preventing a conflict of interest? Is Michel Camdessus invested in such a way to profit(a hedge fund, bank /brokerage house, or even maintain a personal short gold position) from a lower gold price?
When Congress writes the checks, they must also get to write the rules, these rules must establish a system above all reproach! |
