Will GATA embarrass the South African Zulu chieftain Shaka ? Yes, most likely.
GATA stands for Gold Anti-Trust Action Committee,
and a little over a year ago it's committee developed
a strategy to win the day against the manipulators
of the gold market that was based on "The Enveloping Horn"
tactic of the great South African Zulu chieftain, Shaka.
Wii that strategy work for GATA as it worked for him ?
To defeat his opponents, Zulu chieftain Shaka
had his warriors formed a diamond formation
that eventually unfurled into a horn like formation
as both sides suddenly flared out to surround his foes.
The point of GATA's formation is their law firm
Philadelphia's highly regarded Berger & Montague.
That in itself to me, SI's DougAK, is excellent
as it has gain expertise in the type of "warfare"
needed by GATA to fight a foe that knows of its
corrupt activity, and will do almost anything to
keep it hidden so that they can continue on the
same path of reaping the rewards of money and power
at the expense of the citizens of all nations.
But here is what troubles me.
The point of GATA's "Enveloping Horn" formation
is the strong, solid and very sharp law firm
that can pierce and damage foes of the magnitude
and power facing GATA, yet GATA is staying away
from the legal arena. GATA feels that the presence
of the law firm has kept their adversaries off guard.
Nope. Not only a bad call, but could lead to defeat.
What is misinformation, examples and how to reconize it.
Is GATA doing what it's foe(s) see as least harmful to them ?
Why has GATA not gone the legal route ?
It is a long process with many side roads to travel.
Has GATA's "Enveloping Horn" point been blunted,
as in "Use it or lose it."
What if GATA's point "law firm warrior" did not
remain in reserve, but actually pressed towards
the foe with the intent to "bring it down" ?
To me the answer is that GATA would now have won
the war and present terms of surrender to the foe.
Bottom line there is that GATA is in charge
and GATA decides what is and to be.
But now ?
Now GATA is off to see the folks in Washington.
The folks that let the foe be.
The place where prior folks created the foe.
Now GATA will turn over "The GATA War" to them.
Maybe I'am missing something,
maybe GATA really has bought into that thing,
some called buying into the Brooklyn Bridge,
or selling the farm,
also knowned as,
trusting others to do the actual deed
that you could have done yourself.
Washington folks are politicians,
which is to get re-elected
for the power trip,
which includes protecting yourself
and at present some are not GATA's foe
and will listen to GATA
and smile
and collecting IOUs
from other politicians
that need protection from GATA,
and they can do that
and use the IOUs later
to get re-elected.
Gata thinks that it's right flank
of "the horn" has done its job well.
Get the gold producers behind them
and to inform the investing public
of the dangers of excess hedging
and to support those companies
that did not hedge or started to
reduce their forward sale positions.
ok, but that and ten cents buys you a bubble gum.
Well actually, a used bubble gum
that will still pop, but flavor gone.
GATA's left flank was to alert the public
thru the internet, and to take it's case
to the politicians in Washington to expose
the manipulation and to request them to take action.
GATA is making the Washington move this Tuesday.
On that evening, Chris Powell, Reginald Howe,
Frank Veneroso and Bill Murphy are meeting
to go over their strategy for the next day.
On Wednesday May 10, GATA will be presenting
their "Gold Derivative Banking Crisis" document
to various political officials and to staff
and economists of the Senate Banking Committee.
This document is 90 pages of documentation and evidence.
The document has as its conclusion
than the gold market IS MANIPULATED
and that a catastrophic DERIVATIVE CRISIS
lurks on the horizon unless immediate steps
are taken to avoid an "Titanic" type event.
On Thursday, GATA will drop off a personalized
bound document to every Senate and House banking
committee member's office.
Material from Frank Veneroso and Reginald Howe
has been included.
The following Monday a center spread
open letter addressed to these same
banking members will appear in Roll Call.
All of Washington will know that if they
do not investigate this serious matter,
and the banking crisis does develop,
then they will have no one to blame but themselves.
GATA will put out a press release on their operation.
In addition, the "Gold Derivative Banking Crisis" document
will be sent to all the gold producers and to the press
(that includes EVERYONE AT CNBC).
GATA will also send a copy to Gold Field Mineral Services
and challenge them to debate their findings.
Biographies of members of the GATA delegation:
===========================================
Chris Powell
==========
The Secretary/Treasurer of the Gold Anti-Trust Action Committee.
Has been managing editor of the Journal Inquirer,
a daily newspaper in Manchester, Conn., for 26 years.
He is immediate past president of the
Connecticut Associated Press Managing Editors Association
and a director of the Center for First Amendment Rights Inc.
He writes a weekly column about Connecticut issues
that is published in a dozen other newspapers in the state
and frequently appears on Connecticut television
and radio public-affairs programs.
Reginald H. Howe
==============
Proprietor of The Golden Sextant, is an author
and private investor. A graduate of Harvard College,
Harvard Law School and the Bologna (Italy) Center
of the Johns Hopkins School for Advanced International Studies.
He began his business career in 1964
as a financial analyst with the international
division of The Kendall Company.
From 1976 to 1984, Mr. Howe was a partner
in the Boston law firm of Palmer & Dodge,
where he specialized in civil litigation
and was a member of the firm's investment committee.
He was an associate at the same firm from 1970 to 1976.
In 1983, Mr. Howe organized Golden Sextant Associates,
a general partnership for investing in developing North
American gold mining companies, and he served as its
managing general partner until its profitable dissolution
in 1987. For a few years thereafter, he continued as
a sole legal practitioner and served as a registered
investment adviser to private clients.
Frank A. J. Veneroso
==================
Currently the head of Veneroso Associates.
Formerly he was a partner of Omega Advisors,
where he was responsible for investment policy formulation.
Prior to this, acting through his own firm,
Mr. Veneroso has been an economic consultant
and investment strategy advisor to governments,
international agencies, financial institutions,
and corporations around the world.
He acted as an economic policy advisor
to international agencies and governments
in the areas of money and banking,
financial instability and crisis,
privatization, and the development
and globalization of emerging securities markets.
His clients have included the World Bank,
the International Finance Corporation,
and the Organization of American States.
He has been an advisor to the governments of Bahrain,
Brazil, Chile, Ecuador, Korea, Mexico, Portugal, Thailand,
Venezuela, and the United Arab Emeritus.
Mr. Veneroso graduated cum laude from Harvard University
and has authored several articles on subjects in international finance.
Please join me and wish them well,
as they will need it,
as GATA through their own free will
has lost the moment to pierce their foe
by placing their faith into those
who have lots to lose if GATA wins,
as for a politician, before they will
takes steps to prevent a world crises
they will first protect their re-election,
even if it means the end-of-the world may happen.
Dougak
Reference
========
Bill Murphy,
Chairman Gold Anti-Trust Action Committee Inc.(GATA)
gata.org |
