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

To: long-gone who wrote (47733)	1/31/2000 7:57:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116762

Richard, demagogue might be an accurate discription of your post, which I copied a partial below, if the explaination of Alan Greenspan's job objectives as described by James Turk, are correct. Doug <<How many hedge funds ... will get a bail-out... ... Should we demand it be NONE? Greenspan, ...Why is it "systemic risk" when Bankers & hedge funds, & their investors investors bite it, but "constructive destruction" when blue collar types or investors in gold mining or anyone else has...>> StockTalk: Gold Price Monitor Wednesday, Jan 26, 2000 ÿ4:14 AM ET In this GATA War The Truth should be visible... Subj: James Turk - We Inch Closer to the Truth Date: 1/25/00 12:33:44 PM EST From: LePatron@LeMetropoleCafe.com Le Metropole members, James Turk of The Freemarket Gold & Money Report has served commentary at The Kiki Table entitled, "We Inch Closer to the Truth." The Kiki Table Discussion du Jour: Potpourri James Turk The Freemarket Gold & Money Report January 24, 2000 Interim Letter #257b We Inch Closer to the Truth In Letter..... ... a few words in defense of Mr. Greenspan..... ... First, there is Mr. Greenspan the technocrat. In his capacity as head of the Federal Reserve, Mr. Greenspan is very capably doing what he has been hired to do. He is using all of the power available to the Federal Reserve to keep the fractional reserve banking system from imploding, which would undermine and destroy the Dollar and the profits of the banking system that employs him. The Federal Reserve does not operate for our benefit, but for the benefit of the banks. They own it (the Federal Reserve is a private corporation), and they control it (we have seen time and again how the Federal Reserve bails out the banks when they get into trouble). Thus, like a good soldier following orders, Mr. Greenspan testifies before Congress and takes the pro-banking point of view. For example, when Mr. Greenspan makes his oft repeated testimony that he is against full disclosure of bank derivative exposure, do you think he is speaking his own personally held view or is he answering how the banks want him to answer? The strict control of derivative disclosure is clearly something the banks want. Admittedly, we don't really know Mr. Greenspan's personal view, but this brings me to what I called the second Alan Greenspan. Let's call this side of him the 'sound money man'..... ... because of his technocrat position as head of the Federal Reserve, he couldn't tell us anyway unless his bosses (i.e., the banks) allowed him to. Don't wait for that to happen. But I think that we should give Mr. Greenspan the..... Copyright 2000 by The Freemarket Gold & Money Report. All rights reserved. Send mail to lepatron@lemetropolecafe.com with questions or comments about the cafe. Copyright 1998 Le Metropole Cafe All the best, Bill Murphy Le Patron www.LeMetropoleCafe.com 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