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To: Zardoz who wrote (40492)	9/20/1999 5:04:00 PM
From: long-gone	Respond to of 116762

Well, I didn't make any "personal threats", but did say something along the lines of "I wish I could...". Wo I haven't threatened anyone, must have been some other "crazy gold bug". Now, didn't they show Mr. Armstrong as a director a couple of months ago? The "whole truth" needs to come out. That's what I've always been getting at, and GATA's central stance.

To: Zardoz who wrote (40492)	9/20/1999 5:12:00 PM
From: goldsnow	Read Replies (4) \| Respond to of 116762

Japan's yen-capping plan may backfire - analysts 10:22 a.m. Sep 20, 1999 Eastern By Shinichi Kishima LONDON, Sept 20 (Reuters) - Attempts to curb the yen's rise by easing Japan's already ultra-loose credit policy could backfire if additional easing merely fuelled the economic growth which is driving the yen higher, London-based economists said. Japan's Finance Ministry is pressuring reluctant Bank of Japan policymakers, meeting Tuesday, to ease policy further even though interest rates are already close to zero. The ministry is concerned yen strength could choke off the nascent recovery and is desperate to garner U.S. support for joint intervention. Wary of the measures the Bank of Japan could take, such as essentially printing money to boost the domestic yen money supply, the Japanese currency retreated further from recent 3-1/2 year highs against the dollar on Monday. Yet, analysts reckon that Tokyo's need to show Group of Seven partners in Washington this weekend that it's doing everything to stimulate its economy means the medium-term outlook for the yen only brightens as a result. If growth improves, for example, foreign demand for Japanese stocks fuels yen buying. ``At this stage, it's more an issue of growth driving the currency, rather than the opposite,' said Alfonso Prat-Gay, global head of forex strategy at J.P. Morgan. ``From that point of view, I really don't see what they can do about it.' ``If they succeed in bringing real interest rates down...that would be very supportive for an economy that is already picking up,' he added. ``Therefore, it will end up being supportive for the yen -- not in the short run, maybe, but in the medium term.' YEN SURGE DRIVEN BY GROWTH The yen's 17.3-percent rise from last May to last week's multi-year high of 103.17 per dollar has been fuelled primarily by surprisingly strong growth in Japan's economy for the first two quarters of 1999. Talk in the market now is that the BOJ may adopt easing measures it had previously opposed in order to make sure the Tokyo government is in a position to tell Saturday's G7 it is doing everything within its power to sustain the long-awaited recovery. The BOJ could adopt ``unsterilised' intervention, in which it refrains from draining excess liquidity which results from its yen sales on the currency market. Or it may opt for what is known as ``quantitative easing,' where it injects liquidity into the market to achieve certain inflation targets. In addition, Japan was expected to come up with a huge fiscal stimulus package totalling more than 10 trillion yen ($93.61 billion). Steve Barrow, currency strategist at Bear Stearns in London said fiscal steps should accompany any monetary easing as a boon to the economy, even though he thought it made little sense as a way of weakening the yen. ``The whole problem with this monetary issue in Japan is that it doesn't matter how much money you flood into the short end (of the money market) if individuals and businesses don't want it,' he said. ``All it's going to do is probably pour out into foreign assets, which helps correct the yen problem but does nothing to the economy.' U.S. RELUCTANT TO BUY DOLLARS Yet, whatever the Japanese authorities did this week, they could well be in for a disappointment on concerted intervention. Paribas economist Paul Mortimer-Lee said in his daily commentary that he saw no inclination by, or benefit for, the U.S. to join Japan's effort to push up the dollar. ``We do not see a fall in the dollar as a bad thing, given that it should help to address the external deficit,' he said. ((London Capital Markets +44-171-542-6721, shinichi.kishima+reuters.com)) ($1-106.82 Yen) Copyright 1999 Reuters Limited. s

To: Zardoz who wrote (40492)	9/20/1999 8:40:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 116762

Armstrong sucks so bad he's attracting Bill Clinton.

To: Zardoz who wrote (40492)	9/20/1999 9:30:00 PM
From: John Soileau	Respond to of 116762

<<After all, Keynes, Ricardo and even Adam Smith became important contributors to economics without any formal degree in the subject>> Keynes...Adam Smith...Armstrong??!!!!ROTFLMAO!!

To: Zardoz who wrote (40492)	9/20/1999 10:07:00 PM
From: Activatecard	Read Replies (1) \| Respond to of 116762

If PEI is so completely independent of Mr. Armstrong, why did they permit him to write his own press release?

To: Zardoz who wrote (40492)	9/21/1999 12:33:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

Hutch, I've been trying to figure out something. If Armstrong was charged with "manipulation of the gold & silver markets" because he told everyone that gold would never again move with-out disclosure of his (short?)position, than why was no one else busted for the same crimes? We know GS advised clients to withdraw from gold short positions just prior to an up move. Should there be more parties looked at? Will the jail cells soon be full? Is Martin far less guilty than many? Perhaps, he simply figured out the game & started playing along? rh If guilt or innocence is determined not by what you can do or by what you know but rather by who you are?????????

To: Zardoz who wrote (40492)	9/21/1999 10:52:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

Truth is Hutch my friend, IMF will have ZERO power in the coming Republican US. Republicans Hope To Profit From Russia Graft Issue WASHINGTON, Sep 21, 1999 -- (Reuters </frames/frames.php3?url=www.reuters.com>) The Republican-controlled U.S. Congress begins a series of hearings on corruption in Russia on Tuesday, thrusting the subject into the American presidential campaign just as such domestic political issues as tax cuts and gun control are fading. Political and foreign-affairs analysts said the hearings, which will begin in the House Banking Committee and center on money-laundering allegations, are really intended as a vehicle for attacking the Clinton administration's Russia policies. The prime target in congressional Republicans' sights is Vice President Al Gore, the leading Democratic presidential candidate, who played a key role in the administration's Russia policy, having co-chaired a bilateral commission with former Russian Minister Viktor Chernomyrdin and his successors. Republicans have seized on reports of massive Russian money laundering through the Bank of New York and on intelligence information that Russian companies have circumvented nuclear nonproliferation agreements by selling weapons technology to Iran as evidence that U.S. policies in Russia have failed. Several of Gore's Republican rivals on the presidential campaign trail have hammered him over the issue. Steve Forbes has urged Congress to subpoena Gore "to testify as to the administration's knowledge of the Russia-IMF corruption scandal." The question "Who lost Russia?" has become a rallying cry for Republicans on Capitol Hill, breathing energy into a moribund Congress whose legislative achievements are thin and whose agenda is bogged down in squabbles and politicking. "All this attention is tainting, poisoning the Russia issue in the presidential campaign," said Clifford Gaddy, a Russia expert at the Brookings Institution. "There's a little bit of hysteria involved." The House Banking Committee hearings - with a string of star witnesses scheduled, including Treasury Secretary Lawrence Summers and Attorney General Janet Reno, as well as members of the Russian Duma and key figures in the Bank of New York affair - are to be followed by hearings in the Senate Foreign Relations Committee, chaired by the powerful conservative Sen. Jesse Helms of North Carolina. Analysts said the Congressional probe would be useful if it succeeded in shedding light on specific allegations of Russian corruption, particularly whether the money laundering involved hundreds of millions of dollars in International Monetary Fund loans to Russia.(cont) russiatoday.com Quote on TV from George W. Bush was "No more money to the IMF, we are just throwing away good money after bad".