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

To: d:oug who wrote (60285)	10/28/2000 8:26:23 PM
From: d:oug	Read Replies (1) \| Respond to of 116927

ROGUE WAVES & ROGUE TRADERS ON OUR FINANCIAL SEAS Jim Puplava's Financial Sense Perspectives October 26, 2000 The Perfect Financial Storm? Financial Storms Heading Towards the U.S. Economy financialsense.com Part 5 ROGUE WAVE & ROGUE TRADER CRISIS ACCELERATORS ... to today’s unstable financial markets. These are known as "crisis accelerators"..... Accelerator #1 Leverage... Accelerator #2 Forced Selling... Accelerator #3 Momentum Mood Swings... Accelerator #4 Loss of Confidence... These four accelerators mimic the "train" effect of waves, which build to create the rogue wave. TODAY'S COMPLACENCY ... a basic moral hazard at work in the market place fostered by.. There will come a day unlike any other day... an exogenous event, a rogue wave... Two prominent areas to be looking for their emergence are in derivatives and the geo-political realm. It is these two areas that pose the greatest risk..... THE DANGER OF DERIVATIVES Derivatives Defined Derivative Dilemmas Three Kinds of Risk Formula for Disaster? The Players in Derivatives ... are highly leveraged and risky, they can produce high returns when they go right and catastrophe when they go wrong. THE "TAIL" OF LONG TERM CAPITAL MANAGEMENT ... so huge and came so quickly, that it would take..... Reckless Disregard for Lessons Rogue Roulette Rogues at The Wheel Derivative Positions - A Telling Story ... that they are built on certainty, while the real world is not. THE GOLD CARRY TRADE - A HARBINGER OF TROUBLE There is another risk to this derivative strategy which is even more ominous, the gold carry trade..... ... very cheap source of capital for New York bullion banks like Chase, Morgan, and Goldman Sachs. Paying the Piper Poses Problems ... unlikely to be resolved by appealing to the good nature of women around the world to relinquish their jewelry for paper certificates of deposit. Veneroso Associates estimates that official-sector gold loans stood at 9,000 to 10,000 tonnes at the end of 1999. Most of this gold has been converted into jewelry so it can’t be retrieved. These figures could be even higher this year since the gold derivative book at bullion banks has increased. With demand for gold far exceeding supply, inflation on the rise, oil prices exploding, tensions rising in the Middle East, the price of gold should be exploding. It hasn’t. Why not? The only plausible explanation is that "someone" wants to keep the price of gold artificially suppressed. The culprit can be found in the gold derivatives market. [ vi ] It is beyond the scope of this Perspectives series to cover all of the reasons why the price of gold is being suppressed. For readers wishing to know more about this situation, an excellent source of information and detail can be found at gata.org under the "Gold Derivatives Banking Crisis." It is a long document, 118 pages, but well worth the read. (The author, Bill Murphy, was a guest on my program. His interview is available in real audio format.) ... Washington and Wall Street are preparing for the next bailout. ... looks like we'll have financial market guarantees. Hold on to your wallets, this is going to get interesting. ... when that rogue wave will appear. It will be a day when events overwhelm he financial markets. ... when the house of paper will fall... ... we will know if the Holy Grail of... truly exists. (Continued Next Week) Future installments of The Perfect Financial Storm? will include: Part 5 Rogue Wave - Rogue Trader Continued A look at geopolitical events that could cause storm fronts to collide Part 6 Storm Tactics An exploration of investment opportunities in either inflationary or deflationary environments. Jim Puplava's Financial Sense Newshour Real Audio Interviews Don McAlvany, Editor, The McAlvany Intelligence Report Richard Maybury, Editor, Early Warning Report Bill Murphy, Chairman, The Gold Anti-Trust Action Committee Notes for Readers: Link to a TEXT ONLY page if you wish to print the article. Financial Sense Newsletter Jim Puplava's Financial Sense Perspectives financialsense.com

To: d:oug who wrote (60285)	11/5/2000 7:01:04 AM
From: d:oug	Respond to of 116927

Recent advances made by Reginald Howe a.k.a Consciousness of Duty Note: Follows is a past versus current snapshot of Content so that those who have studied the initial drafting may note where additions were made. dougak21 The BIS and Greenspan: Freezing-Out the U.S. Constitution MEMO ON FREEZE-OUT OF PRIVATE SHAREHOLDERS Reginald H. Howe www.GoldenSextant.com row@ix.netcom.com goldensextant.com +++++++++++++++++ October 28, 2000 +++++++++++++++++++ Relevant BIS Statutes [initial draft] Relevant Basic Facts from BIS Documents [initial draft] Does the BIS Have Authority to Implement the Freeze-Out? [initial draft] Does the Fed Have Authority to Participate in the BIS or the Freeze-Out? [initial draft] Has the BIS Violated Article 19 of its Statutes? [initial draft] Has the BIS Violated Article 20 of its Statutes? [initial draft] Is the Freeze-Out Valuation Fair? [initial draft] Potential Forums Available to Shareholders 1. Arbitration. [initial draft] 2. Swiss Courts. [initial draft] 3. Jurisdiction of U.S. Courts. [draft to be completed] Potential Substantive Causes of Action under U.S. Law 1. Common Law Fraud. [draft to be completed] 2. Antifraud Provisions of Rule 10(b)(5). [draft to be completed] 3. Declaratory Relief under the Constitution. [draft to be completed] +++++++++++++++++ November 4, 2000 +++++++++++++++++++ The Proposed Freeze-Out [initial draft] Relevant BIS Statutes [initial draft] Relevant Basic Facts from BIS Documents [initial draft] Does the BIS Have Authority to Implement the Freeze-Out? [initial draft] Does the Fed Have Authority to Participate in the BIS or the Freeze-Out? [initial draft] Has the BIS Violated Article 19 of its Statutes? [initial draft] Has the BIS Violated Article 20 of its Statutes? [revised 10/28, added final paragraph] Is the Freeze-Out Valuation Fair? [initial draft] Potential Forums Available to Shareholders 1. Arbitration [initial draft] 2. Swiss Courts [initial draft] 3. Jurisdiction of U.S. Courts [initial draft] Potential Substantive Causes of Action under U.S. Law 1. Common Law Fraud and Breach of Fiduciary Duty [initial draft] 2. Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 [initial draft] 3. Direct Relief under the Constitution [initial draft] 4. Price-Fixing [initial draft] (off topic) Who concluded his closing argument to a jury with these words: There is no evil that we cannot either face or fly from, but the consciousness of duty disregarded. A sense of duty pursues us ever. It is omnipresent, like the Deity. If we take to ourselves the wings of the morning, and dwell in the uttermost parts of the sea, duty performed, or duty violated, is still with us, for our happiness or our misery. If we say the darkness shall cover us, in the darkness as in the light our obligations are yet with us. We cannot escape their power, nor fly from their presence. They are with us in this life, will be with us at its close; and in that scene of inconceivable solemnity, which lies yet further onward, we shall still find ourselves surrounded by the consciousness of duty, to pain us wherever it has been violated, and to console us so far as God may have given us grace to perform it.