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

To: sea_urchin who wrote (63668)	2/12/2001 11:01:57 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

Searle, The Hand Writing on the Wall is as simple as 1+1=2. My suggestion to everyone on this thread is to read below the shorten versions of the last two gata groups messages that i now present that have the only needed info to allow one to combine these two messages like a 1+1=2. In my opinion the 2 equals the South Africa's near future that will realize the hopes and dreams of all its citizens to have a good life free of the present day occurance of sickness fear poverty war and many other things that occur when a nation's pride and wealth is removed by other nations for their own wealth and power. From: GATAComm@a... Subject: South African gold is still prey for the British lion. By Reginald H. Howe www.goldensextant.com February 12, 2001 Not until 80 years after the war... "The Boer War"... ... he uncovered four new themes. Two of them are particularly relevant today... Pakenham's "The Boer War" is a similar must reading for anyone concerned with modern South Africa or today's gold market. Against this history, the gold price fixing allegations of my complaint in U.S. District Court in Boston are scarcely far-fetched. Rather, they read like a new variation on an old theme: the plunder of South Africa's gold reserves for the primary use and benefit of British and other outside interests. The gold cabal orchestrated by top officials of the Clinton administration and the Blair government, with maestro Alan Greenspan and assistant Eddie George directing the BIS ensemble, bears uncanny resemblance to the machinations that brought on the Boer War. Motivated by ambition and greed, cloaked in deceit, both schemes set political power and private profits as their goal. Both required cunning, Machiavellian leadership... ... the British lion is not like the African lion from whose paw Androcles pulled the thorn. Rather, the British lion displays today the same morality that it seems to have taught its most famous Rhodes scholar, recently departed from the White House... Speaking at the Indaba African Mining Conference last week, one African government minister warned that democratic governments cannot expect to take permanent root in developing countries unless they deliver measurably improved living conditions within reasonable time frames. Nor can they succeed unless they provide the basic building blocks of republican democracy: the rule of law, free markets, and sound money... Gold mining remains a mainstay of the South African economy, which dominates that of the whole sub-Saharan region. It is hard to imagine anything that would do more to stimulate economic growth in the area than an increase in gold prices from the low levels set by manipulation to their more natural equilibrium now estimated by some at around $500/oz. ... it would be a mistake to conclude that the future of South Africa or its gold mining industry rests in the hands of officials in Washington, London, or elsewhere outside South Africa... Of all the smaller nations in the world, South Africa is perhaps best positioned to withdraw from the IMF and reestablish for itself a monetary system linked to gold. In that event, South Africa's national patrimony would not be dumped into the world market at low prices rigged by others. Nor would its currency be battered below any reasonable measure of its purchasing power parity versus others. Rather, its gold would have to be earned by exports of goods or services or purchased for investment on capital account. By adopting a monetary system like that on which most of the developed world developed, including the United States, South Africa might reasonably look forward to following a similar path, and, at long last, to extinction of the British lion on the Rand. -END- From: GATAComm@a... Subject: Murphy's report on meetings with miners union, Reserve Bank. Johannesburg, South Africa / Monday, February 12, 2001 Dear Friend of GATA and Gold: Today went extremely well. First I met with the National Union of Mineworkers. Attending were Mr. S. Zokwana, president: G. Mantashe, generalsSecretary; A. Palane, deputy general secretary: and Gino Govender, co-ordinator of the union's strategy unit. ... to Pretoria and a meeting in the board room at the Ministry of Minerals and Energy. ... Attending were six officials of the ministry and two senior officials of the South African Reserve Bank. They were Lambertus Van Zyl, general manager of the bank's International Banking Department, and Alan R. H. Colburn, the department's assistant general manager. Two points of encouragement. After the meeting at the Reserve Bank, the officials conferred privately and then came out and asked me that if they were to go to the U.S. Treasury Department, what would be the latest date they should do so... ... been a great trip. The people I met are wonderful. When a South African says he (or she) is going to do something, it gets done, and done very well. All the best, BILL MURPHY Chairman, Gold Anti-Trust Action Committee Inc.