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

To: d:oug who wrote (46149)	12/21/1999 3:33:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116836

GATA's Fort Knox gold audit..."be deprived of right hand and testicles below." Subj: Bob Hoye - Princely Finance Date: 12/20/99 8:33:04 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Le Metropole members, Bob is back in action at the Cafe with a good historical read. I could not help but smile and think about our coming Fort Knox gold audit campaign when reading... Bob Hoye of Institutional Advisors has served commentary The Kiki Table entitled, "Princely Finance." BOB HOYE INSTITUTIONAL ADVISORS www.intladvisors.com Princely Finance One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended the divine right of kings..... ...modern governments in confiscating private wealth earned by productively working citizens..... ...the colourful Richard I (1189-1199) sold property to finance his joining the crusade of Peter the Hermit. Upon returning, he took it back on the pretense that originally he had no right to sell it. The infamous King John (prompted the Magna Carta in 1215) introduced..... ...the funds he could not obtain from their greed he would from their lust. Edward I (1272-1307) confiscated money and silver or gold plate..... ...faked a voyage to the Holy Land and, in keeping the money, refused to go. Edward IV (1461-1483) was described as the handsomest tax-gatherer..... The fiscally sound Henry VII (1485-1509) approached wealthy families..... ...Named after his minister of finance, the ploy was called "Morton's Fork". A broader form of wealth confiscation capable of tapping even the poor was accomplished by currency debasement..... ...provoked severe social disorder..... ...Scornful remarks by miffed establishment were similar to those directed to the pro-business "religious right" today. No matter how imaginative or despotic princely financing was, it can't compare with the long-running compulsion to spend other people's money by bureaucrats in Ottawa..... ...history shows, central banking is fine when disciplined by a convertible currency and, when not, it becomes a tool of state ambition to confiscate wealth though currency depreciation..... ...Canadian dollar has lost 90% of its value in only 50 years exceeds most princely devaluations and, like those, has been no accident..... ...Bank of Canada and Ministry of Finance have become medieval in function. This has flaunted responsibilities explicit in the Bank of Canada Act to..... Today, princely cunning really comes together with Ottawa's finesse in running the currency down and moving everyone up the confiscation ladder of "progressive" taxation. Sadly..... ...antidotes to governmental abuse of the productive sector. ...of rebellion, the most effective..... Dante, in his Inferno, reserves a special place in hell for "false moneyers". The Anglo-Saxon Chronicles record something equivalent, albeit more temporal: "1125 A.D. In this year before Christmas King Henry sent from Normandy to England and gave instructions that all moneyers ... be deprived of their right hand and the testicles below. All this was done in twelve days between Christmas and Epiphany, and was entirely justified because they had ruined the whole country by the magnitude of their fraud..... The Laud Chronicle (E) Canadian taxpayers deserve...will likely move..... BOB HOYE, INSTITUTIONAL ADVISORS For new readers, the above mention of GATA is as follows. Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Also, GATA related articles can be obtained at the pay for view site. Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com