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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (66027)	2/16/2000 9:39:00 PM
From: DMaA	Read Replies (1) \| Respond to of 67261

Now tell me something I didn't know Hear the one about Treasure manipulating the price of gold? Evidence is accumulating that the administration of Bill Clinton may have turned the Exchange Stabilization Fund (the "ESF") into a political slush fund to make itself look good and simultaneously profit some of its closest Wall Street friends and supporters. Specifically, the known facts support credible allegations that the Clinton administration has effectively capped the gold price by using the ESF to backstop the selling of gold futures and other gold derivative products by politically well-connected bullion banks. Such interference in the free market price of gold would undermine its traditional role as a leading indicator of inflation. And it would do so at the same time that the administration's many adjustments to the CPI have rendered that lagging indicator of inflation also suspect. Among the bullion banks most heavily involved in selling gold futures and purveying gold loans, forward sales and other derivatives that undercut its price is Goldman Sachs, former Treasury Secretary Robert Rubin's old firm. goldensextant.com