Raspberries to hutch-chew, old49error, ron-bon & bobJohnson
(4got) Got GoldSheet - a manipulated un-news outlet
Note: Please observe that these four persons have not
to ability to counter the following thoughts of the
person who was not associated until now, with gata.
Note also that if the above four persons do reply
to what is said below, that they will use as means
to not engage a real person with real thoughts based
on a quite amazing lifetime of study, the simple hollow
and useless and quite dumb reason that the source of this
is from i gata nut dougak. Yes, quite hopeless these four
are when life stares directly into their coward faces.
Please also note their tactics to attack not what is
presented by this "new" person, but only to again
and again like in/out/in/out of dry heaving & runnng
in circles crying not "wolf" but "gata" in a desire to
deflect their own lack of self-ability to understand.
Correction to above Note(s) - To include ron-bon above
is to pee into the wind and use the spray to... well,
you get that picture and it dinner aTime, so lets say
that ron-ron has successfully used TheDougOnIgnore to
as it implies, to allow ron to have the excuse to prevent
what he has told us he does so well, to receive and not,
yes not ignore life's inputs the good bad & ugly. Yes,
unless ron is unable to do his cut&pasties he will ignore
yet be found out that which all already know, ron is
to put it mildly clueless etc. But enough about ron,
as its like talking about someone not.
Subj: Hans F. Sennholz - The Fed, The Fed, The Fed
Date: 4/1/01
From: LePatron@LeMetropoleCafe.com
To:gataNutdougak@aol.com
Dear SuperSpecial Le Metropole Member,
Hans F. Sennholz of sennholz.com
has served commentary at The Dos Passos Table
entitled, The Fed, The Fed, The Fed.
His essay was sent to me by a very savvy Cafe member.
- It is unlikely that the Greenspan Fed
was ever guided by a price rule for gold.
But sooner or later it may be called upon
to enter the gold market in order to come
to the rescue of a few giant bullion banks,
such as J.P. Morgan, Chase Manhattan,
Cit?group, Goldman Sachs, and Deutsche Bank.
Since the early 1990s these banks have borrowed
large quantities of gold from various central banks
at rates of one percent or less, then sold it for U.S.
dollars and invested the proceeds in U.S. Treasuries
at 6 percent or higher.
Such transactions obviously are very profitable
but rather risky and potentially ruinous if the
price of gold should soar beyond the level at
which it was sold, or the gold loan rate should rise
and the Treasury rates should fall.
The fate of the bullion banks obviously rests
in the hands of the Fed. -
Dr. Hans F. Sennholz's background and credentials
are first rate, to say the least.
Neither Reg Howe, nor GATA, had any idea that this
esteemed economist would be writing anything of this
kind regarding the bullion banks cited in The Complaint.
While it represents only a small part of his wonderful essay,
it is VERY significant from our point of view.
Hans F. Sennholz
200 E. Pine St.
Grove City, PA 16127
(724) 458-8343
Fax (724) 458-1666
e-mail: hans@sennholz.com
Date and Place of Birth: February 3, 1922,
North Rhine-Westphalia, Germany
Education: Diplomvolkswirt, 1948, University of Marburg
Dr.rer.pol., 1949, University of Cologne Ph.D., 1955,
New York University Positions: 1954-55, Assistant Professor
of Economics, Iona College, New Rochelle, NY. 1956-92,
Professor of Economics and Chairman of the Department
of Economics, Grove City College, Grove City, PA.
1957-70, Member, Economists' National Committee
on Monetary Policy, New York, NY.
1969-91, Trustee, The Foundation for Economic Education,
Irvington-on-Hudson, NY.
1970-85, Director and Vice President, Committee for
Monetary Research and Education, New York, NY.
1976-84, Director and Vice President, Gold Lake Mines,
Winnipeg, Manitoba, Canada.
1977-79, Member, Shadow Cabinet, Conservative Caucus,
Washington, DC.
1978-85, Director, Multinational Investments, Inc.,
Cleveland, OH.
1978-92, Senior Writer, Private Practice, Oklahoma City, OK.
1992-97, President of The Foundation for Econom
ic Education,
Irvington-on-Hudson, NY.
1986-present, Advisor, Central Fund of Canada,
Ancaster, Ontario, Canada.
Publications: Books and Booklets Divided Europe,
New York, NY, 1955.
Moneda y libertad, Buenos Aires, Argentina, 1961.
The Great Depression, Lansing, MI, 1969.
Inflation or Gold Standard, Lansing, MI, 1973.
Gold is Money, Westport, CT, 1975.
Death and Taxes, Washington, DC 1976, 2nd ed. 1982.
Problemas económicas de actualidad, Buenos Aires,
Argentina, 1977.
Age of Inflation, Belmont, MA, 1977, 1979; Spanish:
Tiempos de inflation, Buenos Aires, Argenina, 1983.
Money and Freedom, Spring Mills, PA, 1985; Spanish:
Moneda y libertad, Buenos Aires, Argentina, 1987;
Polish: Pieniadze I Wolnosc, London, England, 1991.
The Politics of Unemployment, Spring Mills, PA, 1987.
Debts and Deficits, Spring Mills, PA, 1987.
The Great Depression: Will We Repeat It?,
Spring Mills, PA, 1988.
The Savings and Loan Bailout, Spring Mills, PA, 1989.
Three Economic Commandments, Spring Mills, PA, 1990.
The First Eighty Years of Grove City College,
Grove City, PA, 1993.
Reflection and Rememberance, Irvington, NY, 1997.
Publications: Essays and Articles
Thirty-six in German journals and newspapers.
Some 500 in American publications.
Honors: 1956, Founders Day Award, New York University.
1964, Honorary Citizen, Lubbock, TX.
1978, Honorary Citizen, Houston, TX.
1979, Honorary Colonel, New Mexico.
1988, Doctor en Ciencias Sociales, Universidad Francisco
Marroquin, Guatemala.
1990, Outstanding Teacher Award, Pennsylvania Academy
for the Profession of Teaching, Harrisburg, PA.
1991, Doctor of Laws, Culver-Stockton College, Canton, MO.
1992, Festschrift, with contributions by thirty-six authors.
1997, President emeritus, The Foundation for Economic
Education, Irvington, NY.
Le Metropole Cafe
All the best,
Bill Murphy
Le Patron
www.LeMetropoleCafe.com |
