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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (1663)	7/8/2002 4:52:45 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

TMan, the Fed is a very strange financial entity they operate much the same way as Enron they make assets out of thin air they are called US Treasury Bonds then those bonds are declared as assets they only hold gold, dont own it the gold in their possession belongs to bullion bankers, to foreign large banks, to foreign central banks but they facilitate in the sale of gold they help to manage the Exchange Stabilization Fund they work closely with JPMorgan, Citibank, and GoldmanSachs yes, their goal is always a stable currency, dollar I really wonder how comfortable they were with a steadily rising USdollar for a full decade almost they make fresh new TBonds that live in computers few ever become real nice crisp security certificates when the Fed releases new Liquidity, it does so in the form of computer entries available to member regional banks I suspect that much of Fort Knox was shipped to NYCity where it was leased and sold to support the dollar for years and years this scam is the essence of the Gold Cartel that I have referred to since March rational? it is all about control, domination, attracting foreign capital to finance both our federal debt and current account deficits (trade gap) the USA is unique in that we have a huge fed debt and huge trade gap we would fold inside two years without a steady inflow of foreign capital that is exactly why I believe our TBond interest rates will rise we will have trouble attracting that capital in coming months and coming quarters / jim