To: d:oug who wrote (67654 ) 4/16/2001 6:40:03 AM From: d:oug Respond to of 116972 GNN - end game scenario, pronouncement by USA for gold liabilities. "... half the world's gold could disappear from the central banks overnight. ... it would be another bullion bank bailout and banking system bailout." Subj: Anne Williamson... Willaim Pesek Jr. on..... Date: 4/15/01 From: LePatron@LeMetropoleCafe.com To: dougak@DimmerLights.com Le Metropole Members, GATA's Chris Powell issued the following dispatch..... ... and over again I am asked how The Gold Cartel is going to resolve the problem of their 10 to 16,000 tonne gold loan problem, piled on top of massive amounts of derivative written calls. We often discuss this in the GATA camp..... 1. ... lendable gold is getting harder to come by as evidenced by the newly chronic high short term lease rate. 2. ... of the need to find more than 100 tonnes of gold EVERY MONTH as supply source candidates dwindle. 3. ... world-wide economic conditions are deteriorating which are increasing the potential for gold loan defaults. One of our end game scenarios is that there is some kind of pronouncement by the U.S. and The Gold Cartel in which a price is set for gold liabilities. That would mean that half the world's gold could disappear from the central banks overnight. In essence, it would be another bullion bank bailout and banking system bailout. It would probably be accompanied by some sort of proclamation that it was done in the best interests of the masses. Keep that in mind as you..... Reg Howe is preparing his response to the Defandants briefs to Massachusetts Federal District Court. It will be delivered to the court by April 30. I am told that Reg is still smiling. ... to foster the Rubin strong dollar policy. Gold was always, and is, a threat to that policy. The following recent superb piece by William Pesek Jr. makes it easier to understand this powerful motive. It is a wonderful precursor to Anne's essay. Served at The Hemingway Table: Dollar Is U.S. Bond Market's Secret Weapon: Rates of Return By William Pesek Jr. Washington, April 11 (Bloomberg) "The reason is the U.S. bond market has a secret weapon. It's the dollar, whose impressive strength is confounding markets near and far. "Based on what's going on in the U.S. and global economies, the dollar should be plunging," says Dan Fuss, who..... You might want to keep this email for posterity's sake. It is only a matter to time before all of this is exposed and you can send a copy of it to the apologetic U.S. mainstream press. All the best, Bill Murphy Le Patron LeMetropoleCafe.com Chairman Gold Anti-Trust Action gata.org