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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: tshane who wrote (37928)	7/28/1999 10:47:00 AM
From: Hawkmoon	Read Replies (4) \| Respond to of 116762

Richard, (actually, I had been hoping to prompt your "namesake" to respond, but you'll do... :0) Point #1.) There is a constitutional obligation for the US govt to maintain a sound currency. It does dictate how, but only that it has an obligation to do so. So if selling or leasing gold is required to achieve this, they ARE FULLY WITHIN THEIR CONSTITUTIONAL OBLIGATIONS AND AUTHORITY TO DO SO. And those who seek to prevent this flexibility to buy and sell the nation's gold supplies are interfering with the constitutional duties of the US Treasury through the Federal Reserve. Point #2.) Since the US left the gold standard, the Fed has continued to hoard gold to the tune of 8,000 tons, which along with holding of other CBs, has effectively subsidized the entire gold industry by shrinking its availability. It is the gold industry that is extorting the US government, not the other way around. Point #3.) Politicians are driven by two factors... abiding by their oath to protect the constitution, and obtaining/retaining votes. When the majority of Americans either hold gold or are engaged in the production of gold, then I agree that the gov't may have a role to play in preserving its value. That would only make political sense. Point #4). A large majority of the US working class is involved in some form of pension/IRA/401K program. The majority of that is invested in US stocks and T-bill. That is a political imperative for politicians to protect out of their own political self-interest. Point #5). I'd lay you odds that if the American people recognized why gold remains an anachronistic relic of financial transactions, and how it can subvert appropriate economic activity (ie: jobs and economic growth), they would be less inclined to write their congressmen about some alledged manipulation. Point #6). The global economy is slipping towards serious deflation. This requires maximum flexibility to increase or decrease liquidity as necessary in order to not only preserve our economy, but also to assist in salvaging the global economy. Gold does little to accomodate that flexibility and only serves to subvert the only pertinent reserve currency, the US dollar. Point #7.) For the gold industry, it appears that USA stands for "Unlimited Subsidies to All". If you want gov't out of the gold market, then permit them to sell it all. Until then, face the fact that the gold market is subject to the controls and policy of the Federal Reserve, acting as the agent of the constitutional entity, the US Treasury. Regards, Ron

To: tshane who wrote (37928)	7/28/1999 6:54:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 116762

you think the US gov't destroyed the american tobacco industry? HA! Try, insurance companies and lawyers. If the gov't was after tobacco, the FDA would have rightfully declared cigarettes as a drug delivery system, and made them available to adults via prescription.

To: tshane who wrote (37928)	7/28/1999 9:34:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116762

Richard, thank you & thank you & thank you & thank you ... ... and congratulations you win two Ron Reece Cookies. No joke and joking here, as the United Sociopathic Socialist Republic and its connection to Ron Reece is for real, and its like looking into the future thats a possibility to happen. But I would like to continue to make my observation that Ron Reece is NOT the problem, but the real threat is from those who do not take the time and energy to understand what Ron presents as the truth. To me you have done whats required to prevent the RonUSSR (RUSSR) from becoming a viable alternative to the current Constituation of the USA. Also I would like to suggest that Ron Reece can become a very important and willing "freedom fighter" against RUSSR because he have very good depth of understanding of how they present themselves. Please consider Ron like one of those successful computer hackers that was feared by the FBI and finally caught and discovered that this hacker just was brain-washed from watching too many X Files prgrams, and upon his re-education switched "sides" to help and protect the USA. To me Ron is reallllly "one of us", he just doesn't know it yet. But he will, soon, as GATA will expose the bad & good & dougly for all to see. doug