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To: d:oug who wrote (46969)	1/11/2000 5:40:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116756

(GATA News) (1) "revered" (2) Congress can't hear Internet email it receives. Subj: Harry Bingham - Gold Market Weekly Update Subj: Steve Hickel - No Coincidences Date: 1/10/00 10:15:50 PM EST From: LePatron@LeMetropoleCafe.com To: dougak The Kiki Table, Discussion du Jour: Potpourri Harry Bingham - Gold Market Weekly Update Hello everyone, this is Harry Bingham reporting on January 10, 2000. At the beginning of a new year, especially one widely heralded, it may be well to recall why one should maintain a gold related investment position at all. The primary reason is..... Today monetary stability is dependent entirely on the wisdom and..... Last week, the headline of the Wall Street Journal's report on Alan Greenspan's reappointment alluded to Mr. Greenspan as revered. The last Federal Reserve official to be acclaimed "revered" was Benjamin Strong, former President of the Federal Reserve Bank of New York, then the power center of the system. On his death-bed in 1928 Mr. Strong said: "We are now paying the price for the decision in 1924 to help the world back to a sound financial system". "The decision in 1924" was to loosen credit conditions in the United States so that..... ... volume of evidence of malfeasance ranging from negligence to fraud in financial practices and reporting so prevalent during speculative eras, however, has not abated. Just last week the Bank of Indonesia, an Electrolux currency trader, Lucent Technologies, Price Waterhouse and an internet chat room advisor joined a host of banks, corporations and investment advisors whose reporting or financial ethics are under scrutiny..... ------------------------------------------------------------------------- Steve Hickel smhickel@iserv.net January 10, 1999 No Coincidences It isn't a coincidence physical gold is not available to pay-off but a few gold contracts, the US Stock Market is at all-time mania highs, and the Euro stands ready to replace the US dollar as the world reserve currency. These are all symptoms of the same disease: our past (US) leaders..... So now we find ourselves in a speculative bubble protected on the downside with little impunity to those who view the short-term gain their domain. We have a nearly defaulted paper gold market with virtually the only gold able to meet contract commitments in the hands of Central Banks, the most of whom said it isn't leaving their vaults. Then we have the oil situation that by all accounts shows we have..... Then it seems that the investigative bodies whose job it is to monitor the markets to protect the investor has..... Then we have the lawyers who feel their duty in life is to use the civil courts to line their pockets with frivolous lawsuits against..... It is indeed a sad state of affairs whose outcome is politically..... ... the only place you will hear of such things is on the Internet but not on the keepers and guardians of liberty, the popular press. ... Is it because the message is ... Whatever the reason, the normal checks and balances seem to be broke or tilted. Even though more people write their Congress more than ever about these problems, the Congress hasn't come to grips on how to read and filter the barrage of warnings and concerns from the very people they serve. Bill Murphy and I both sent a note to every Senator and Congress person via email that we could find and address for. Ninety-eight percent of the messages came back saying that due to the high number of emails they would only be able to respond if you included a regular mail address and only if you lived in their district and only if they managed to read the message (my words). I got back two messages in regular email that had nothing to do with the issues I wrote about. In other words, the Congress isn't listening to Internet email. So how could they know of these problems if they can't hear? The Press is being manipulated because they have developed..... ... It would appear that the uncomfortableness of the Second Amendment actually costing lives makes it an unpopular Amendment to support..... That all of these events occur simultaneously isn't a coincidence. No, they are all symptoms of that greater problem of checks and balances, having been also manipulated for the sake of short-term political expediency. I am of the opinion that this next election for President needs to be..... ... a staunch supporter of the Second Amendment (the current practice of a right in the Bill of Rights being slaughtered by legislation, court rulings, and improper enforcement is but the first step to doing the same with the rest of the Bill of Rights)..... ------------------------------------------------------------------------- All the best, Bill Murphy 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