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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (4885)	3/27/1999 2:10:00 PM
From: bob k	Read Replies (2) \| Respond to of 81130

Bill, Please post this GATA information on the DKT Dakota Mining thread..... Best of Good Luck Bob

To: Bill Murphy who wrote (4885)	3/28/1999 12:34:00 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 81130

Logic defeats Chris Powell's goofy GATA money pitch promo: 1) GATA's targets: CP: GATA contemplates suing investment houses, gold trading companies, gold mining companies, and any others who have conspired and colluded to control the price and supply of gold, gold-related securities, and other commodities and securities. The investment houses that bailed out Long-Term Capital Management last summer in order to control the price and supply of the securities LTCM had bought and sold are primary suspects. No where is the Federal Reserve NY Fed Governor nor Alan Greenspan mentioned. GATA = Afraid. Afraid of suing these 2 "institutional biggies." All other names are but extensions of the Clinton Administration's Fiscal Policy, domestic and foreign and a few other smaller participants. 2)Why GATA's plans to sue Fed Reserve, Treas Sec. Rubin et al: CP: GATA contemplates such anti-trust action because it believes in free and transparent markets generally and in the crucial monetary function of gold particularly. The filing of a nuisance lawsuit = source of both personal financial gain for 4 GATA organizers as well as derision, resulting in MORE HARM than good to all gold industry participants from miners to consumers. Defending a nuisance lawsuit only hikes COSTS to interested gold producers/participants and increased pressure on profit margins. *Think about it.* 3) How long has GATA been going?: CP: [GATA] a United States (Delaware) corporation formed to advocate and undertake litigation to liberate the price of gold. The committee was formed in January 1999...] The price of gold has been "controlled" since the dawn of time, due to scarcity. Those that have gold charge those that want gold whatever the "traffic will bear." 4) What support does GATA have? CP: GATA's support builds every day as word of its cause spreads throughout the world. ...more than 200 registered supporters. Bill writes most all of $38,500 collected through Friday has primarily come from THE primary 4 committee members. ...and so GATA is constantly seeking more supporters and contributions to finance its lawsuit. GATA has nothing but 4 opportunists looking for money; 3 Americans and 1 So. African political refugee living in Sveden. All 4 are seeking to building a pyramid and personally benefit from the stupidity of the donor base. Last time I looked pyramids were larger on the bottom than at the top. At the moment the bottom of this pyramid consists of 4 personal contributors' monies, and 196 itsy bitsy contributors stacked on top of the original 4. Some pyramid: That looks like an upside down triangle from where I sit, and doomed to topple due to sheer challenge of the 1st lay of physics; GRAVITY. It goes without saying that Powell's statement ...and so GATA is constantly seeking more supporters and contributions to finance its lawsuit. is totally without merit. Especially since public announcements of GATA's Phabled Phflight to Philadelphia on Friday, included the "inclusion explorative discussions to hiring a PR firm specifically to solicit donations!" Expensive Nuisance Lawsuits Require more noise than Bill can make on Silicon Investor. Espcially when he, Bill--an ex-pro football player without a real job--aligned himself with a two bit newspaper editor, a So. African political refugee now living in Sveden, and a "money manager" named Meyer. (P.S. last I looked even Alan Greenspan was a money manager. I'm sure all who read this internet site are also money managers. So what?) 5) What success has GATA had so far? CP: Perhaps GATA's greatest success so far has been to begin to reverse the demoralization among gold interests... Let's list those who are NOT demoralized about the current POG: O/49r. Dr. Searle's (a So. African resident STILL living in J'burg) Ken Benes Lalit Jain Richnorth Lorraine John Mansfield John Hunt Taurus533 Marcos Lucretius Taurus Tom Byron Jim McMannis, "fabled" gold technical analysis trader Hutch Ron Reece Hell, even Don Green is not demoralized. Remember him? (my apologies to hundreds' I've inadvertenly omitted) Oh, you want demoralized MINING companies? That NOT demoralized list includes: RTZ, Mobil Oil, PacifiCorp Anglo Rand Barrick Placer Dome Nemont Fremont Ashanti... ...naw they're not demoralized either. You say you want a list of demoralized central bankers? Can't think of one single demoralized world banker. Not Goldspan nor Rubin, nor Tietmeyer, nor Camdessus, nor Meyer Rothschild, nor Warren Buffets...(oops...guess he's not banker yet, sorry!) Who are the demoralized that GATA's mere fundraising efforts is UNdemoralizng? I can think of 4: MSB Richard Harmon Morgy Dog Bobby Dakota Mining Thread devotee, "bob k." oh, and pardon the hellouttame: AND 196 other names on the GATA's "Honor Board" of the Fleeced 6) What is GATA asking of you? CP: GATA asks supporters to make a financial contribution toward sustaining the lawsuit. GATA is frankly a political and educational cause and solicits support on those grounds, making no promises as to the outcome. Funny, I thought they were selling art. Now I learn they want to hire a hiring PR firm to solicit money. Now they are an educational organization. Now they are a bunch of politicians. Now, THERE is a group of people to turn over 196 small frys' $$ to!! Right there, in black and white, Chris Powell lets the Gata CAT-a out-a dah bag-a: GATA financial supporters are now political campaign contributors. Well, well, well. As I live and breathe. Pres Bill Clinton turns over the USA to Pres. Bill Murphy. I can see the headlines in Powell's Piddly Paper now! Is there no end to goldbugs'/Americans' political idiocy? Will the real GATA agenda please stand up??? Powell closes with this: So, "fiat justitia et ruant coeli" -- Let justice be done though the heavens fall. I close with this: "caveat emptor" -- Let the [fleeced/solicited GATA Donors] buyer beware.