SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (185460)8/1/2002 6:18:32 PM
From: Secret_Agent_Man  Read Replies (2) | Respond to of 436258
 
"This Master Plan was put into place for good in the month of June 1996 when the
cabal [Assembled by the Fed] succeeded by their concerted selling, in breaking the 200
day moving average of the price of gold to the downside. Thus they had demonstrated
a full control of the price of gold.

Having grasped the utopian goal of no inflation through a manipulated gold price, the
Fed and it's acolytes began to figuratively rape and pillage the investment landscape.

Interest rate derivatives exploded 225% at JPMorgan Chase that quarter because
there now was no threat of higher interest rates because the last remaining force that
might move the dollar down, rising gold, had been vanquished. GSEs through Fannie
Mae and Freddie Mac exploded for the same reasons...it was a sure thing, once higher
interest rates were out of the picture.

These neo-alchemists forgot to tell their Master of the Universe one little thing.

They forgot that it would be necessary to sell tonnes and tonnes of a limited physical
gold resource in order to keep this whole ponzi scheme afloat. So the IMF wrote rules
to double count the central bank gold reserves in order to "Inflate " the actual metal
deposits [IMF Statistical Accounting Seminar October 1999 Santiago, Chile].

That's not the only coc*roach between the Boston and the Crème Pie.

The gold derivative "assets" [$41 Billion worth] on JPMs books aren't really assets at
all since they came from a loan from the US Treasury and Fed. They must according
to GAAP rules be called a liability [The conflict between IMF and GAAP meets
HERE].

So Mr. Harrison, JPMs CEO, faces a dilemma on August 14, 2002. Does he certify that
the gold derivatives are assets or liabilities. He could go to jail if he chooses the wrong
accounting "door". "

This Gold-eagle post by Mike Bolser says it all. When Morgan (cabal) loses its grip,
gold heads towards $800/$1,000:

Date: Thu Aug 01 2002 13:26
Winston (from Sector at USA Gold) ID#103450:



To: MulhollandDrive who wrote (185460)8/1/2002 7:53:45 PM
From: stan_hughes  Read Replies (2) | Respond to of 436258
 
MD - Oh, but they say it so completely, just like in the Wizard of Oz.

Hearing a CNBS fixture like Riley get religion totally made my day