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To: Hawkmoon who wrote (37931)	7/28/1999 11:07:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116762

<<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.>> I very near agree they have the right to do so, but I do not agree they may allow information of future moves to some and while denying it to others. <<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.>> There are two other motivating factors: power, and money in their own pockets. Past what line must the actions of a politician(s) cross to indicate they not only have stopped preserving the value and have worked to destroy to the value of gold? If either of the second two reasons induced them to cross that line, should questions not be asked?

To: Hawkmoon who wrote (37931)	7/28/1999 11:22:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116762

You didn't wish to address this one? exchange2000.com Perhaps even their diatribe about gold mining and water and what I brought up about golf courses and water?

To: Hawkmoon who wrote (37931)	7/28/1999 4:20:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116762

<<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.>> Then Ron, if we were to follow your argument to it's end conclusion, by holding Yen, the US Federal Reserve & Treasury(& there-by "we the people") are subsidizing all of Japan, the Yaun - the whole of the economy of China(oh, I forgot tit-for-tat with the DNC), some Euro All of Europe. I don't find the world on the Yen standard. Maybe you're right, sell every bit of every other currency & let the cards fall where they may, and the Fed should hold only our paper, and as we have such a great debt and run a monster trade deficit.....

To: Hawkmoon who wrote (37931)	7/31/1999 8:31:00 PM
From: tshane	Read Replies (1) \| Respond to of 116762

Ron, too bad you didn't address this to the other Richard. I don't have any religious commitment to gold or the gold standard. You haven't heard what I have been saying all along. I don't want my government making back room deals with insiders to give them a financial advantage so they can get bribes to stay in office. Period. I don't give a damn whether it's gold or cattle futures. All I know is the initial intent of sound fiat currency management is being violated and abused and will result in uncontrollable corrections. Have a good weekend.