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To: d:oug who wrote (60558)11/5/2000 7:33:12 AM
From: marek_wojna  Read Replies (1) | Respond to of 116753
 
Do you think Saddam and maybe some others rulers of OPEC countries who love US so much, are aware of GATA reports and findings? If the short positions are so huge American banking system can collapse in the case Saddam decided that euros and dollars are not good enough, physical gold is. This would be real panic equal to the miracle.

Marek



To: d:oug who wrote (60558)11/6/2000 5:54:17 PM
From: d:oug  Read Replies (1) | Respond to of 116753
 
This is a GNN Special Report - Life of Gold, A Manipulated BIS (Part II)

Hello friends of GATA and gold.

GATA's Reginald H. Howe quest is now World Wide & growing.

Financial Times
BIS faces shareholder revolt
By John Willman in London and Raphael Minder in Paris
Published: November 5 2000 19:47GMT
Last Updated: November 6 2000 00:31GMT

The Bank for International Settlements,
the central bankers' bank, is facing a revolt...
over plans to buy back... its shares in private hands.

Deminor, a leading... governance consultancy,
says it has been approached by shareholders
in France and Belgium.....

... considering a legal challenge to the bank's plans
at the arbitration tribunal in The Hague,
which is the final appeal body for shareholders
under the BIS's founding statutes.

The Basle-based bank said.....
... buy out its 6,000 private shareholders.....

This would leave it wholly owned by 49 central banks,
... now charged with promoting global financial stability.
... now charged with promoting global financial stability.
... now charged with promoting global financial stability.

"... forced on the private shareholders is unacceptable,"

... private shareholders, who have no voting rights,
own shares originally allocated to central banks
that did not wish to subscribe to them.

Almost half are in the US issue,
with a third from France and a fifth from Belgium.

... many of the shareholders had inherited their stakes
from their parents who saw them as a substitute
for investing in gold.....

... method used [A Manipulated BIS]
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan
... was devised by J.P. Morgan


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