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

To: webpilot who wrote (2430)	10/24/1997 7:08:00 PM
From: Alex	Read Replies (1) \| Respond to of 116895

It just keeps getting more interesting all the time............ Bloomberg News in Bern, Switzerland: By Theresa Waldrop and Reto Gregori Bern: A Swiss government panel said the nation's central bank should sell more than half of its gold reserves -- 1,400 tons -- driving gold prices to 12-year lows. The panel said Switzerland no longer needs to back its currency with gold reserves, the world's fifth largest. Gold fell 5 percent to $308.60 an ounce in New York, the lowest since March 1985. The 1,400 tons is equal to about 40 percent of annual global demand. The recommendation comes as the world's central banks shed reserves of the precious metal in favor of better returns in bonds. Australia said in July it sold two-thirds of its gold, following earlier sales by the Netherlands and Belgium. ''This is another nail in the coffin in the idea that gold is a key monetary asset for central banks,'' said Kamal Naqvi, a precious metals analyst at Macquarie Equities Ltd. in London. While the Swiss government rejected the recommendation, that did little to calm investor concerns. The government said it will sell only about 400 of its 2,590 tons in gold, as it planned earlier, and that the sales probably will occur over the course of a decade after the year 2000. Published 15:07

To: webpilot who wrote (2430)	3/22/1999 11:27:00 AM
From: long-gone	Respond to of 116895

Globalization Summit' May Reorder World Internationalists call for world government, military and banking at Trilateral Commission meeting. EXCLUSIVE TO THE SPOTLIGHT By James P. Tucker Jr. A "globalization summit" to move mankind into a world government was urged at a meeting of the Trilateral Commission (TC) in Washington March 13-15. The head of Goldman Sachs International. Peter D. Sutherland, called for the "globalization summit" both in a formal report and a personal appeal to the Trilaterals. Sutherland's proposal was well-received behind guarded doors at Washington's ritzy Park Hyatt Hotel. It is expected be a major agenda item for the TC's brother group, Bilderberg, when it meets later in the spring. "One mechanism for marshaling global leadership is a carefully designed summit meeting of heads of state—a globalization summit," Sutherland told the TC. "The discussion would include an assessment of the adequacy of existing institutions" to manage the world. Sutherland is a former director-general of WTO/GATT and a former member of the European Commission. Heads of the United Nations, the World Bank, International Monetary Fund, the World Trade Organization and the European Commission should also attend the summit effort to establish a world order, he said. But there remain obstacles to establishing a world government, Sutherland warned. "There are those who continue to argue that the development of economic or even political integration in Europe does not demand supranational institutions," he added. "This case is advanced by some in Britain who are genuine internationalists but who oppose the ceding of sovereignty." Sutherland deplored nations that "cling tenaciously to their separate identities" and called for "sharing sovereignty." He applauded the memoirs of Jean Monnett that said "European Union was part of a wider process of global integration based on institutions." "Those who argue against European integration today are sometimes but not always those who attack global interdependence," Sutherland said. He cited people like Bruno Megret, the renegade who broke away from Jean-Marie Le Pen's National Front in France; Gerhard Frey in Germany; and Jörg Haider in Austria. "The pooling of sovereignty has fostered a more reliable and accountable Europe," Sutherland said. But the move toward world government is making less progress in the Western Hemisphere, according to Sutherland. While the WTO will probably call for a "Millennium Round" of trade talks at a meeting in November, it is doubtful whether "Congress will provide the necessary fast-track authority in the U.S.," Sutherland said. Sutherland expressed concern about "isolationists in Congress" and their "rejection of international organizations and multilateral structures." Recent military actions have advanced the cause of world government, said Hisashi Owada, president of the Japan Institute of International Affairs. Owada is a former vice minister for foreign affairs and former ambassador to the United Nations. "The brilliant peace-keeping operation in Cambodia . . . was another epoch-making event, giving rise to hope for creating a new international order . . . with the United Nations as major center for action," Owada told the internationalists. "The integration of the international community has generated a need to deal with global issues that affect all nations," Owada added. "They obviously include the problem of macroeconomic management of the world economy." He also suggested the need for a global police force under command of the UN, which the Trilaterals and Bilderberg are trying to turn into a de jure, as well as de facto, world government. "The problem of how to cope with transnational crimes like international terrorism and drug smuggling" results in "interdependence among the nations of the world growing stronger and deeper," he said. Robert B. Zoellick, a former undersecretary of state under President George Bush (himself a TC member) and now head of the Center for Strategic and International Studies, said Americans are "definitely not isolationist" and expressed optimism over the prospects of a world government. The world needs "a global economic system of finance, trade and information," Zoellick said. "That economic system needs to secure the benefits from integration, competition and efficiency, while also coping with the inevitable stresses of capitalism on a global scale." spotlight.org