To: d:oug who wrote (57841 ) 9/4/2000 1:24:30 AM From: d:oug Read Replies (1) | Respond to of 116781 GNN International - Germany + Switzerland + France + Italy = Big MO GATA Gata Nut News THE place for the TruTh about Gold Gold Anchors Truth Absolutely (gata) This August 25 one of Germany's leading newspapers, the Frankfurter Allgemeine Zeitung(FAZ) ran an article about gold that featured GATA's allegations that gold prices have been and still are being manipulated to be low in value. Five days later on August 30 in a follow-up article the FAZ discussed GATA's theories in more detail, focusing on gold derivatives and naming the major players and suspects except for one, the Deutsche Bank of Germany. There is speculation that there will be another FAZ article to address the role of Deutsche Bank in the manipulation for a low gold prices using gold derivatives, as GATA alleges. The German Bundesbank is reputed to make its views known through articles placed in the FAZ newspaper, with the article being mentioned here of gold and GATA an example. There were no contrasting points of view in these articles, as if the Bundesbank via the FAZ wanted to let everyone know that they had reviewed the "Gold Banking Derivative Crisis" document of GATA and found it to be credible. It's been speculated that the Bundesbank and Banque de France were the driving force behind the Washington Agreement which highlighted the important role gold has had throughout history. GATA's Gold Banking Derivative Crisis document may now serve as both an early warning device and battle plan for those within the Euro Area wondering what went wrong. The Bundesbank may now have accepted the responsibility for resolving the problem of excessive gold lending and gold derivatives activities that have negatively impacted the Euro Area. The FAZ articles may be the first shots across the bows of the bullion banks, especially Deutsche Bank. It appears that the Bundesbank has aligned itself with the pro-gold views of Banque de France and Bank of Italy, while UBS is not a party to the Anglo-American scheme to manipulate a low gold prices that began in May 1999 with the British announcement of gold sales. The FAZ articles suggest that certain Euro Area central banks, with the BIS and SNB, are now prepared for a showdown over gold. Whether by design or not, the Anglo-American war on gold is effectively an attack on the euro as well. A strong rally in gold will help the euro but it could trigger a sharp sell off in stocks, bonds and the U.S. dollar. If low gold prices are perceived to be dangerous for the Euro Area, and if the low gold prices are a result of manipulation as outlined in the Gold Banking Derivative Crisis document of GATA, then certain central banks may no longer feel that they can allow a continuation of such practices and must "blow the whistle", which may be exactly what the FAZ articles represent, the first shots across the bows of the bullion banks, especially Deutsche Bank. The pen is mightier than the sword has reached astronomical possibilities using internet access for speed and scope, where scandal type activity in the past could be suppressed and limited through a control of distribution means, no more. No more can a power base keep out of the public domain facts that they wish not to be knowned, and if the FAZ provides more articles of a GATA nature about the gold manipulators, then this period in time may mark the sunset of unchallenged dollar dominance in the world financial system and the dawn of a new golden millennium as described in GATA articles. Bill Murphy Le Patron of the LeMetropoleCafe and Reginald H. Howe of the GoldenSextant can both take credit for any aSoon fireworks. The above mentioned Bill Murphy is also Chairman of the Gold Anti-Trust Action Committee Inc.(GATA)gata.org and has reported over many months now that a gun linked to the smoke he can observe must exist. Bill Murphy might now replace the gun object with something much larger to explain the following. "Bellowing smoke is there for the world to see - it is black, thick and raging." GNN's Dougak