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To: d:oug who wrote (40042)	9/6/1999 12:15:00 AM
From: d:oug	Respond to of 116788

Hillary + Blind Trust + Goldman Sachs + BOE Gold Sale = New Home = H Bomb Subj: Bill Murphy - "Cafe des Scandales" at the Matisse Table Date: 9/5/99 7:12:05 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Hillary Clinton "shorting gold rumor update" ... there is information we received from a very sophisticated source that a blind trust for Hillary Clinton "shorted" gold instruments just prior to the Bank of England gold sale. Ironically, the media reported yesterday that the down payment for their new Clinton's new home in Westchester County, New York came from her blind trust. It was suggested to me from a source that we try and find out if Hillary Clinton has a blind trust at Goldman Sachs. The Gold Anti-Trust Action Committee and the Cafe now have allies looking into this matter. We are trying to find out who is handling her blind trust(s) or any other type of account she might have and, once identified, attempt to elicit a response about the gold shorting innuendos. Why would this be the H bomb as far as we are concerned ? Simply put, I have set forth much commentary linking The Clinton administration, the N.Y. Fed, Goldman Sachs, Long Term Capital Management, England's Exchequer, The Bank of England and Prime Minister Tony Blair. A revelation of this nature would solidify the link. For example: Former Treasury Secretary Robert Rubin, is a former Goldman Sachs CEO. Former N.Y. Fed Governor, Ed Corrigan is a senior partner at Goldman Sachs London based senior partner. Gavyn Davies, is Goldman Sach's international economist and has close ties to Tony Blair. Davies wife, Susan Nye, is chancellor of the exchequer's office manager. Dr Sushil Wadhwani, former Director of Equity Strategy at Goldman Sachs International 91-95, sits on Bank of England's Monetary Policy Committee. Jon Corzine former Goldman Sachs, CEO, has close ties to John Meriwether, chairman of Long Term Capital Management. Former Fed vice chairman, David Mullins , was a partner in Long Term Capital Management, which, of course, was bailed out in part by Goldman Sachs. Exhibit 2 and further background information on the significance of the Hillary Clinton gold "shorting" story: this is commentary about the Bank of England gold sale from the document that I sent to Senator Phil Gramm, Chairman of the Senate Banking Committee: "Yet, the night before the BOE announcem..... ... to comprehend the significance of determining if there is an account of any kind some place that shorted gold for Hillary Clinton just prior to the Bank of England gold sale announcement. With the help of others, I am in the process of trying to track down where her accounts are located ? Then we will start asking questions. It will be interesting to first find out if Hillary Clinton has an account at Goldman Sachs of any kind! Bill Murphy Chairman, Gold Anti-Trust Committee Le Patron, www. LeMetropoleCafe.com

To: d:oug who wrote (40042)	9/6/1999 12:19:00 AM
From: d:oug	Respond to of 116788

Long Term Capital Management's attorney resigns without responding to Cafe. Subj: Bill Murphy - "Cafe des Scandales" at the Matisse Table Date: 9/5/99 From: LePatron@LeMetropoleCafe.com To: dougak Long Term Capital Management's attorney James G. Rickards resigns without responding to the Cafe..... ... the manipulation of the gold market began early last fall when Long Term Capital Management was supposedly taken off the hook on a 300 tonne "borrowed gold" short position by the financial entities that bailed them out ... Our protestations caught the attention of Long Term Capital Management and their attorney, James G. Rickards, who sent us a letter along with affidavit from Principal, Eric Rosenfeld. ... Rikards stated that Long Term Capital Management denies any involvement in the manipulation of the gold market and Rosenfeld said to the Cafe, "None of LTCM, LTCP, nor their affiliates has ever entered into any transaction involving the purchase or sale of gold, including without limitation, spot, forwards, options, futures, loans, borrowings, repurchases, coin or bullion, long or short, physical or derivative or in any other form whatsoever." I responded to Rickards in a letter saying that the Cafe never accused LTCM of manipulating the gold market, nor did I ever say that that they "traded" gold. I strongly suggested that had "borrowed" 300 tonnes (approx) of gold and had gold exposure in a credit sense with the bullion banks and asked him for a response. He never did respond to me and it was just announced over the press wires that he resigned from Long Term Capital Management to join another firm... Then there is information ... Bill Murphy Chairman, Gold Anti-Trust Committee Le Patron, www. LeMetropoleCafe.com

To: d:oug who wrote (40042)	9/6/1999 12:29:00 AM
From: d:oug	Respond to of 116788

Japanese ... and U.S. law enforcement ... to investigate you [Martin Armstrong] ? ... get caught up in this[Scandal] one too! Subj: Bill Murphy - "Cafe des Scandales" at the Matisse Table Date: 9/5/99 7:12:05 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Martin Armstrong, Princeton Economics International, Japanese Investigators, U.S. Law Enforcement... It is fascinating to me that much of what we have covered in the Cafe over the past year is starting to synchronize and beginning to boil over a bit ... and examine what is happening on the potential "scandal" front and update The Cafe on the peculiar nature of it all..... Now for the "scandale du jour." It revolves around GATA protagonist Martin Armstrong and his Princeton International Economics firm. The latest from two wire services: New York, Sept 2 (Bloomberg) - Republic New York Corp said it suspended the head of its securities unit after an investigation of a client's affiliate in Japan. HSBC Holdings said the probe may delay acquisition of Republic. The bank is under investigation by U.S. law enforcement and regulatory authorities for inflating the net asset value of an investment fund, the Wall Street Journal reported. Republic said it is working with U.S. and Japanese regulators on the probe..... Republic isn't the subject of its investigation, the FSA said. The Japanese authorities are looking at Cresvale International Ltd., an institutional brokerage based in Hong Kong, with offices in London, Tokyo and New York, ... Princeton Economics International, a money manager based in Princeton, New Jersey, owns Cresvale. New York, Sept 3 (Reuters) -- "Analysts and a Republic shareholder told Reuters they thought the Republic unit and the Princeton affiliates may have participated in so-called "tobashi" deals, in which Japanese institutions hide losses through complex derivative transactions. The probe is limited to Republic's dealings with the Princeton affiliates and does not extend to other client relationships, these sources said. Analyst Gerard Cassidy of Tucker Anthony said," It appears one of two things happened: Princeton told Republic this is what (the investments) are worth and Republic took it at face value" or " Princeton in conjunction with Republic Securities determined the value, which was artificially inflated." ... story goes on to say, "Republic also hired Lee Hennessee, an advisor who helped clients pick hedge funds, or unregulated investment funds for wealthy investors that trade a variety of securities usually using borrowed money." This now begins to raise all sorts of issues on what we have reported to you and one that we have not yet. We understand that certain other bullion dealers have been lending gold to Republic. That is very strange. Republic is a bullion dealer. Why are they borrowing gold from other bullion dealers ? It is well known that Republic has done much of Armstrong's silver and gold business on the Comex. Sources told me Friday that Mr. Armstrong has not been seen on the Comex lately and they had heard that his "funds" were not doing very well. In addition we have reported to you that sources tell us that 4 hedge funds (Soros, Tiger, Moore Capital and Martin Armstrong) are reportedly short anywhere from 30 million ounces of gold to 50 million ounces... But how can this be? Martin Armstrong has had correspondence with GATA Secretary, Chris Powell, denying he was short gold? ... It is my turn to respond to Martin Armstrong: September 5, 1999 Dear Martin If you are so on top of the Japanese markets and their way of doing things, how come the Japanese are investigating one of your firms to such a degree that U.S. law enforcement have been brought in to investigate you? That is highly unusual and rarely happens. You said months ago that "all" commodities were in bear markets and that gold should be also. But now oil is trading at $22 per barrel, the CRB has cracked 200 to the upside and the base metals in London are flying. You are known to be one of the world's big silver bears, yet it has not broken towards $2.78 like you predicted. How come and how short are you... You stated there was "no interest" in gold. Rubbish. Gold demand in the second quarter was 4% higher than any other quarter in history; it will be even greater in the 3rd quarter. Demand for gold in India and Asia is booming while demand for gold coins is soaring in North America and in other locations. The premiums on gold coins are rising ... "No interest" in gold ? Then why is the one month lease rate 4.2% when the historical norm is about 1%? Gold lease rates have now remained at abnormally high levels for longer than most can remember. Why was the August Comex gold contract almost squeezed ? Did you know that demand is now running about 160 to 180 tonnes per month greater than supply. Perhaps, you are caught short about this fundamental piece of information ? Oh no, I forgot. You told Chris Powell in your letter you were not short gold. Something strikes me here. "Borrowing gold" for the past few years has been one of the great windfalls of all time and you are one of the mega gold bears. Hedge funds and many financial institutions (as stated above) often borrow money to make investments. For some reason, your firm is being accused of overstated assets, etc. Yet, both you and Long Term Capital Management have told GATA that you are not short gold. Very strange. Somehow it does not make sense that one of the most leveraged financial institutions known to mankind (LTCM) and one of the most bearish institutions regarding gold (PEI) in history, both publicly denied to the Cafe and GATA that they are not "short gold." That does not fly with me. Yes, you are brilliant, but you have made your share of bummer market calls. As I recall, you have been one of the great bears on the Japanese Yen. Tis that no so ? Your prediction for the Yen, if my memory serves me correctly, was about 278. Does that have anything to do with your troubles with Crestvale ? The way I see it, if your short term gold gold call is as on target as your Yen call, we gold bulls are in great shape! You have pontificated your thoughts. I offer you mine - maybe an eye opener would be good for you. The gold supply/demand deficit is much greater than the bullion dealers have told you. The gold loans are double what the bullion dealers have told you. We think that they exceed 10,000 tonnes right now. You say the gold market is not being manipulated. I say the only reason that the price of gold is not double what it is now is because the market has been manipulated. The manipulation of the gold market is one of the great financial scandals in U.S. history. Sounds like you have a few problems to deal with of your own right now. Don't get caught up in this one too! Bill Murphy Chairman, Gold Anti-Trust Committee Le Patron, www. LeMetropoleCafe.com