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buffet -- qwerty, 11:33:02 10/11/03 Sat

===
http://www.thewebfairy.com/killtown/buffett.html

So where was Warren Buffett the morning of 9/11 and what was he doing?

Of all places, Mr. Buffett just happened to be at the U.S. Strategic Command headquarters located at Offutt Air Force Base in Omaha, Nebraska. Offutt AFB is, coincidentally, where President G.W. Bush flew to on Air Force One later on in the day for "safety". What was Buffett doing there? Mr. Buffett was "hosting a charity event" super early in the morning which included a small group of business leaders in which one of them became a very lucky person.

This person who became very lucky was Ann Tatlock, the CEO of Fiduciary Trust Co. International. Now what made Mrs. Tatlock such a lucky person for being at this event that morning? Mrs. Tatlock works in the World Trade Center and not only that, but her offices were right where Flight 175 crashed into the WTC 2...

===

this information on the charity is from forbes magazine

besides all the connections to the 911 crime

the other thing which sticks out is ...

having a so called charity event at the U.S. Strategic Command ...

allowing a high security risk like Buffet and fellow conspirators on the base and get to use the taxpayer funded amenities on top of that

how deep the treason goes in the military is self evident

this country has sunk so low ... shit is hanging and dripping down all over from the rafters and the sheep sleep in their bleacher seats

so many bad things are happening that the few options left is find someplace else to live or go to a state where there is the most resistance ... that resistance will be put to the test when the elites turn the economic screws on that state with the most resistance ...

i want to be far away from america long before they close the noose to the last freedoms and fully implement their plans

america has become a real political shit hole

if the california election has not been rigged in any major way, the results are real telling ... 65% of the potential voters voted ... wow ... that's serious participation numbers ... that means that 65% had political interest ... 96% voted for the republicans and democrats ... that means that at least 62% of the 65% are politically retarded and are not able to function politically ... the elites media tells people who to vote for and the people follow through

at least voting for anything else but the demo and republo would have shown at least some awakening

now the green party which is another nwo controlled party got 2.8% of the vote ... then another .6 or so for minor repub / demo ... and who the other people who ran were independents ... even if we assume the independents were real, that would leave only 0.6 percent of the votes going to anything that is not fake at best ... at best, only about 3 to 4 percent can even begin to confront the magnitude of the problem this country faces ...

with this massive participation and same voting patterns, they don't even have to fix the election ... i can see in the future that they plan on introducing some very harsh rules that will / may anger people but then i see them bringing in the diebold computers at key points and timing to fix the elections ... if resistance does come about

the heat is being turned up real slow ... turning it up to a full boil over the next 5 to 15 years won't be that difficult considering that they are able to politically expunge / suspend the constitution at will and at a moments notice

i think even china, russia is safer ... the repression has matured there and did it's damage ... here, the political volcano hasn't really let loose ... they are setting up the legal structure, training people and organizing it, bringing the beauracracy on line, making infrastructure upgrades etc ... once that happens, it just a matter of flicking the switch

they are doing everything on a gradual basis expecting most people not even to become aware of it until it is in it's matured stage

unless a lot of awareness happens on the grassroots level, i think it can only be slowed down ...

once the repression has fully matured and repressive energy built up and expended, america will become more tolerable and livable ... sort of like china but with microchips etc ...

maybe wait until they expunge 40% of the US population ... older people die by disease, starvation, GM food supply ... young people with vaccines ... implants and chips etc

i look at america as just a political yellowstone volcano ... just like guessing when the stock market will plummet ... from my risk perspective, it is better to just stay away from the volcano / market ... a lot of beautiful places to reside on this planet without the political baggage

[Edit]

gold & silver mines for sale -- number six, 04:34:00 10/11/03 Sat

http://www.goldandsilvermines.com/

buyer beware.

[Edit]

Fred -- qwerty, 22:57:35 10/10/03 Fri

the intelligence agency has attempted infiltration of cuba to bring it down numerous times supposedly

curiously, castro security apparatus was able to uncover the infiltrators time and time again

remember that castro was trained by the cia

my guess would be that he was being protected by the elites who controlled the US security apparatus

wouldn't be surprise to find castro meeting with warren buffet, ridge, cheney, bush, putin and rothschild to decide what he should do next

so the major reason Cuba exists was to manufacture, intensify and create cold war conflict especially in this hemisphere ... it gave the NWO in the US govt the green light to rape, pillage and burn anything they wanted in this hemisphere ... it helped spread fear in the population concerning communism ...

unfortunately, the american people could vaguely understand that communism and fascism are one and the same

the patriot act is just indicative that the enemy was the one always telling the american people who the threat was

the treason on the political level is pretty massive ... we're talking over 500 on federal levels, probably between 5 to 10 thousand on the state level and some mind boggling number on local level

soon we can merge politically with china to create a global community

[Edit]

FWIW -- Frisco Fred, 21:24:55 10/10/03 Fri

Putin is considering changing his oil sales from US$ to Euro. Great boon for Europe. Other ME countries thinking of following suit. With newly printed US$ already in trouble of being devalued, Putin's news made george grumpy. Maybe Putin did not enjoy his last visit with George. And George wants to intimidate Putin, so he puts out warning signals to Cuba. It's all a game, you know.
There is even talk of freezing offshore accounts of US citizens. Bring that money home !!!!!!

Good wind today,
FF

[Edit]

what the sheep think -- qwerty, 21:06:24 10/10/03 Fri

http://www.worldnewsstand.net/2001/sheeple.htm

[Edit]

some laughs -- qwerty, 20:13:28 10/10/03 Fri

===
Reuters ...
"We are raising gold from $360 per ounce to $380 for 2004, and from $365 to $400 for 2005, believing that reflationary themes and investment demand can propel gold in a recovering economy," Citigroup said.

"We believe that this is the first time in at least 15 years where a case can be made for gold to perform in a recovering economy."

===

$380 gold in 1 year

$400 gold in 2 years

recovering economy

ha ha ha ha ha ha ha ha ha

[Edit]

Silver guys - Morgan interview -- All Blacks, 15:53:56 10/10/03 Fri

David Morgan, Editor of the Silver Investor newsletter was a guest on ROB TV from Calgary, Alberta - Monday, October 6th at 10:10 A.M. Eastern Time. To view this interview go to the Video Vault link per below:

http://www.howestreet.com/interviews.php

[Edit]

FTW -- qwerty, 15:41:52 10/10/03 Fri

MARVIN BUSH EMPLOYEE'S MYSTERIOUS DEATH – Connections to 9/11?
by Wayne Madsen. (Special to FTW)
Marvin Bush has a number of connections to 9/11 including sitting on
the boards of security companies with contracts at Dulles airport and
the WTC as well as a reinsurer for the WTC and a flight training
company connected to Mohammed Atta. Why did a driverless car crush
Marvin Bush's live-in babysitter on September 29th and why did The
Washington Post sit on the story for a week?

===

in regard to george w.

i remember watching the biography of laura bush but somewhere through the program, she was discussing some of the things that were happening during the first political campaign

i thought she said something like ... she gave polite criticism about his speech by saying she thought it wasn't good ... he reacted by driving the car through the back of the garage ... the elder mrs bush gave her advice - don't criticize him

i wouldn't be surprised that he is still doing cocaine

because i only saw it once i can't verify what she said until it comes on again because it was so unreal that they would allow that to be heard

[Edit]

qwerty cricket -- number six, 14:05:49 10/10/03 Fri

Qwerty, cricket is hard to explain. I should find a link? It's like baseball except you get to keep hitting the balls pitched at you, and can therefore have an innings that lasts 10 hours, like Hayden's over the last 2 days. It was against inferior opposition, i.e. basketcase Zimbabwe, and the Australian team are extremely dominant.

Hayden isn't quite Gretzky or Jordan. Cricket's Jordan is Don Bradman of Australia who died recently but was basically the most distinguished citizen in the country for 50 years. Better at cricket than Jordan was at basketball, easily. Hayden today attained the distinction of the best single individual performance ever, which puts him right up there. If you see any highlights on cable tv? it would be worth your 30 seconds easily.

Hayden would make an awesome PR frontman to advertise gold in India. India is the biggest gold market, and the biggest national sport-religion in India is cricket. Perth Mint could use footage from todays Perth test match, get Hayden to do gold depository receipt promo. Just a thought I guess. I've seen SA gold companies advertising through the cricket in South Africa.

[Edit]

number six -- qwerty, 13:35:33 10/10/03 Fri

so tell us about cricket and how one scores in that game and how many points one gets for each score

is he the gretkzy or jordan of cricket

p.s.

i sent jim sinclair mail asking him to comment on the ramifications of the 2 tier currency if it comes about

[Edit]

Tax break -- Ag_Eagle, 13:04:55 10/10/03 Fri

Foreigners or those returning here who have been away at least ten years may be given a tax holiday on their overseas income in a measure to assist businesses to attract talented people. The proposal [from Revenue Minister Michael Cullen] expands upon an idea in the Tax Review 2001. The Review recommended exempting for seven years the overseas income of foreign nationals who become residents for tax purposes.

OK, but how 'bout giving ME a tax break.

[Edit]

gold to $380 for Matty Hayden -- number six, 12:58:40 10/10/03 Fri

completely ot omen - Australian cricketer Hayden scored the world record cricket score today, being 380 runs in an innings. I'll take it as an omen for todays gold close.

here's a list of 80+ links to silver articles. Very good collection of all the usual suspects.
http://www.minersmanual.com/silvernews.php

[Edit]

a break of -- volavka, 09:55:22 10/10/03 Fri

378 in dec should run to close @ 382

[Edit]

run up on close -- volavka, 09:43:59 10/10/03 Fri

watch metals run the close., up...

[Edit]

Commodities -- volavka, 09:25:45 10/10/03 Fri

no inflation here, ha ha ha.
Hang on natural gas will hit over 10.00 by Jan.

[Edit]

Beans -- volavka, 09:22:59 10/10/03 Fri

http://www2.barchart.com/mktcom.asp?section=grains

[Edit]

auspec -- qwerty, 08:46:03 10/10/03 Fri

>calling them all ignorant

only the ones that blindly used their advice

advisors are on the upper part of the food chain

[Edit]

Double Bubble -- volavka, 05:57:16 10/10/03 Fri

WHY GOLD WILL HIT 650 BEFORE 1-1-04.....

The 2nd bubble has formed in mkts. especially otc because of massive amount of money + margin has gone crazy.

When this breaks it will make 2000 look like a walk in the park.

[Edit]

HiHat watch this -- volavka, 05:53:59 10/10/03 Fri

Gap up on open in cypt.

[Edit]

qwerty -- Advisors Under the Microscope, 05:28:36 10/10/03 Fri

"i suspect advisors who call short term moves must have inside connections somewhere"

Some of them very likely do. I have squawked about Nick Guano as well as Weiss. Those that make negative calls at critical times at the very least need a little {micro}scope time. Of course, it doesn't take anything more than a little catalyst once the specs are properly lined up.........granted.

TA advisors, in the purest sense, simply follow their numbers. Cut back some or ALL? Who's to say.

Some degree of heat put onto gold advisors is certainly appropriate, but calling them all ignorant is..........well, ah, er, umm...........ignorant.

The disinformation crowd will always be amongst us, no?

[Edit]

auspec -- qwerty, 20:57:12 10/09/03 Thu

just saying that there probably isn't many people in the gold community who have the skills to trade

if one has extra money one can play with, that is fine

if i was a gold advisor, my advise would be different for different categories of investors within the gold community

i would qualify any advice

i am suspicious of the gold and stock advisors who give advice to the broad masses in gold and silver except saying it is a bull or bear market

i suspect advisors who call short term moves must have inside connections somewhere

[Edit]

qwerty re RR -- auspec, 20:06:55 10/09/03 Thu

As U likely know, Rick Rule has one of the ultimate contrarian noses. I called their outfit in the last week or so, prior to recent sell off & asked what this particular broker was buying. Answer........"nothing"....maybe Gammon Lake at a certain price. These guys are fairly good, at least at the top, in advising caution, not a bad quality in a market so prone to excesses {in both directions}.

Personally, I think David Vaughn is OK, at least from what I've read. I really have no problem with gold advisors taking stances on selling when they beleive something might be overbought. If they're wrong too many times they won't get paid in this free-market newsletter arrangement. Finding someone worthy of trust is a good part of the battle. Bob Bishop is "Old Faithful" from my vantage point with Paul van Eeeden {Casey} not far behind. Honest men. In the end, WE are the responsible entities for losses or gains. Both good and bad advice abound.

Sold my TNX 2day...........it was a nice ego ride, but now time to move on. I'm looking quite a ways down the food chain @ this particular time...........fewer players.

[Edit]

auspec -- qwerty, 18:59:00 10/09/03 Thu

a two tier currency ...

i think one strategy will be investing in overseas markets and hard assets ... given that china will be booming for the coming century, that may be a good place to park a small chunk of wealth ... there will be a lot of looting and manipulation in their markets when it matures enough and the chinese public dives in but i think the key is just being there early enough

askjeeves.com ... wow ... how could i have missed this jewel of a stock ... 27 million ... are these proforma profits ... 2 billion in market capitalization ... let see ... 27 54 108 216 432 ... if it doubles and keeps doubling, everything will be ok ... i'll bet you they are secretly digging for gold and silver ... just making believe they are a dot.boom.com ...

can't wait till that dot.com crowd starts heading for the gold stocks ... i'll sell gss when it reaches 4200 although anything above 7250 will be overbought territory

[Edit]

david vaugh -- qwerty, 18:25:13 10/09/03 Thu

===

“…I'm definitely saying take some profits.”

This is important to digest because so many folks are beginning to get into mining stocks who are looking at an investment in gold as the road to “easy riches.” Nothing is ever that easy & true success can only be achieved with proper planning & most importantly an objective & realistic attitude toward the markets.
Let’s listen to more of what Rick has to say.

My experience tells me that these gold market cycles have four to five year swings, so if the bottom was in 2000, then a market top is one or two years away. This time

may be different; perhaps we are in for a super cycle, like the 1973 to 1982 cycle. Or perhaps we have just finished a three-year cycle, and the best is in fact behind us. You don't know, I don't know, and nobody who preceded me or will follow me to the podium knows for sure. Rick Rule, Global Investment Resources, 9-30-2003

===

>road to “easy riches.” Nothing is ever that easy

for the one's that can be patient and can wait it out, it will be an easy road to riches

the ones fully trading the market with no inside information ... well, that won't be easy

>so many folks are beginning to get into mining stocks

this is pure bs to even suggest this at this point

when the the "many folk" truly get in ... the easy road to riches won't be so easy anymore

i have to wonder whether vaugn is one of the cabal disinformation scumbag to influence the gold community to sell their shares, hence drive down the market ... i wouldn't be surprised to find that he gets insider info from them

>Or perhaps we have just finished a three-year cycle, and the best is in fact behind us. You don't know, I don't know,

if Rick Rule says he doesn't know, it would be my guess he is lying his ass off especially if he says "the best is ... behind us" as even a remote possibility

for the trader, taking profits is fine ... telling the general gold community who include long term holders to do that is stupid advice

[Edit]

MIDASnippets -- auspec, 18:22:20 10/09/03 Thu

From LeMet w permission:

This is GATA's Mike Bolser writing {sector}:

Meanwhile, the "new" twenty dollar bills are getting ready for introduction. Some experts are warning that they presage a two-tier American currency. One for the US and the "old", green twenty for the rest of the world. There's another possibility.

The old dollars will expire on a set date. The reality is that many billions of the old dollars will not be acceptable due to a long list of physical reasons, stains, tears, etc.. In addition, a large fraction of them just will not make it to the listed redemption centers due to forgetfulness or potential tax consequences (in the case of nefarious money laundering).

The Fed gains appreciably by a reduction in circulating currency. It is a kind of reverse inflation. It is likely that this less draconian measure will be implemented before any two-tier action.
Mike

******************************************

A HEADS-UP from a very plugged in Café member:

Bill, I just visited with a friend in Europe who said the EU constitution is supposed to be ratified this weekend in Rome, but that there is no way it will happen. He says when people realize there will be no constitution, they will conclude there is no real union, and that the euro is not a real currency. Since Europeans have already concluded the U.S. dollar is not the place to be, they will go to gold in a huge way. Are you hearing anything like this, esp regarding the meeting in Rome this weekend? –END-

********************************

A couple of articles regarding the economy and stock market which are akin to the MIDAS view:

THE SCARIEST SCENARIO IMAGINABLE

By Steve Sjuggerud

I never thought we'd see the day...the day when wild speculation actually exceeded the excesses of the late 1990s. And I really didn't think it would just take four years to get there. But here we are... Investors are actually borrowing money to buy Nasdaq stocks. In fact, more people are borrowing more money to buy stocks today than at any time in history, including the "Great Bubble" of early 2000. The result? Just like in the days of the Great Bubble, the 'garbage' stocks have soared, while sounder stocks have struggled. A $10,000 investment a year ago in AskJeeves.com (do you know anyone on the planet that actually uses AskJeeves.com?) would be worth $220,000 today. Or how about NetEase.com? $10,000 invested a year ago would be worth even more than AskJeeves... NetEase.com is valued in the stock market for over $2 billion (with a "b") dollars. Yet sales...yes, sales...over the last 12 months were only $27 million (with an "m") dollars.

END

*****************************************

Comments.....Everywhere one looks there are signs of monetary and market fascist controls. Maybe we'll next get a Republican Gov from Calif as President......stranger things have happened. I've read the end of this book also, and it doesn't end well.

Anyone else participate in the Fall SALE 2day? I enjoyed it thoroughly........hoping it's not just a 1 day affair.
How about the happy face put on Iraq these days on national news? More trash being picked up, more Iraqi's receiving pay for services. Heart warming, no? Look for a new TV series soon........"Middle East Wing". News from the Colonies is always of interest during the evening news.......thanks!

[Edit]

smtr -- volavka, 18:01:37 10/09/03 Thu

still moving up, arnold will use them in calif. for revenue.

[Edit]

leading critic -- qwerty, 17:33:00 10/09/03 Thu

===
"What we're seeing is waste and gold-plating that's enriching Halliburton and Bechtel while costing taxpayers billions of dollars and actually holding back the pace of reconstruction in Iraq," said Rep. Henry A. Waxman (D-Calif.), a leading critic of the administration's handling of Iraq. "We need greater transparency."
===

"leading critic" means he has been assigned to do damage control and make believe he is really concerned

he is probably getting a good cut of the loot too

[Edit]

Correction -- goldus, 16:03:56 10/09/03 Thu

To 21:07 post of yesterday:
"Gotham" should be Gorham. But it might as well be Gotham.

[Edit]

OmarD -- qwerty, 13:54:30 10/09/03 Thu

nothing wrong with ordering the book

ideally, you want to get the info for free

if no one pays for it, they will need to eventually give it away for free ... they prefer the media operations to be self funded ... also, people put more credibility into what they are paying for

I have read a pile of disinformation books

I read disinformation all the time

One can find a lot of good information in them

the key is knowing where the writer / media boundaries are ...

and understanding the role they play and the purpose of what is written

if you look at the media long enough, you will see occassional BLIPS past the censorship ... many buried in the back pages

one needs to learn how to mine information from disinformation media

the mainstream media is full of shit but if one scours through enough of it, one can dig up interesting stuff

most people if they read anything just read a few things ... they'd be better to not read any news

also knowing what they want you to know is valuable

when they tout gold or stocks etc ... it is usually a heads up that they want people to pile in so when they "correct it" ... they make more money and fleece and scare the naive investors to make them stay away

[Edit]

3rd Party? NOT a Trojan Horse -- auspec, 12:56:40 10/09/03 Thu

Americans for a Free Republic has launched. Check us out at:

www.afr.org

Earlier this year I wrote an article titled, "Gold Money & Equal Tax Rates,"
in which I proposed forming a Third Party (the Liberty Party) to challenge
what the elitist Democratic and Republican politicians were doing to our
country.

But it was not to be a conventional Third Party. I proposed forming the
Liberty Party upon two simple, radical pillars of reform -- gold money and equal
tax rates. In this way we could avoid the two crucial mistakes of
marginalization and cloning that all Third Parties fall victim to. And I also
proposed
forming an educational organization -- Americans for a Free Republic -- to
promote
such a cause.

I am proud to announce that AFR is now a reality, and we have an absolutely
stunning website up!

The website is meant to be the RALLYING POINT around which all lovers of
freedom throughout the world can coalesce.

It is meant to be a LAUNCHING PAD for the Liberty Party's unique vision --
the party that is going to make history by challenging the black limousine boys
in Washington with a daring new strategy that will finally end their monstrous
Leviathan.

You will love our site! Browse through all the pages, and make sure to READ
OUR MISSION STATEMENT that explains our strategy! Then SIGN OUR PETITION to
get Ron Paul to run for President on the Liberty Party ticket! Then send our
URL to all friends and associates in your address book.

This is how revolutions are made. This is how Tom Paine launched the original
American revolution -- neighbor to neighbor, friend to friend. And we have an
infinitely easier task than he, for we have the Internet.

Last, but most important of all, if you think what we have put together is
vital and needed in America, send us a contribution! America cannot be saved
without your financial help. We need to collect millions of signatures to launch
the Liberty Party, and we need millions of dollars to do the job properly!
Please help with a generous contribution.

Yours sincerely,
Nelson Hultberg
Executive Director
Americans for a Free Republic
www.afr.org

[Edit]

PM's -- Netking, 12:24:38 10/09/03 Thu

...minor cycle low completes by 14th October, ergo, should bounce back in PM's 15th October...don't really care too much about any fundamental analysis until then, heck, particularly so with the 'Rugby World Cup' 'n all starting tonight we need a pause in the market, gotta sleep sometime.

[Edit]

Does Arnie save California ? What means Putin`s €4oil -- Wolfgang, 12:05:11 10/09/03 Thu

Arnold "Schworzenegger " is truly a hero. Originally coming from the no-lands of a Steirish village, his first title was steirish curling champion. Then, after seddling over to the US he won Mr Universe championship seven times. After getting a millionaire with property speculation ( which I did , as well, except becoming a millionaire, at best a half one) and some tax deductible losses with planet home he dared to run for governor and used the opportunity of not facing a potentially threatening opposite. In Austria they celebrated him for his success more than skiing-sport stars, which is normal, there. ( ask c2b, he has more on this)
Arnie, you`re gonna make it, finally you defeated the T 1000
roboter, which was at least as good equipped as you were.
____________

Russia`s policy to price in € for oil medium term, will have tremendous influence on the currency war between $-€ .
Russia is an important OPEC member and plans to decline the $ for oil can not as easily smashed down as they did it with old buddy Saddam . By the way, Russian treasuries were upgraded today to investment grade. Four years ago, the same treasuries were on the brink of default.

The oil cartel must have smelled the smoke. After many many years of changing hard dollars for oil, the smart Arabs were prepared for the day of reckoning by changing the hard dollars for cheap gold, which equals in more Gold for the same amount of Oil. And Gold for Oil is nothing less, than value (oil)in exchange for another value (gold) So be it.

regards
Wolfgang

[Edit]

Syria -- Netking, 11:51:37 10/09/03 Thu

That was interesting.... A senior Syrian diplomat warned yesterday that Damascus would respond militarily if Israel were to carry out another raid on its territory. The remarks by Syria's Ambassador to Spain, Mohsen Blial, were downplayed as his "personal understanding" of the country's stance. The official view - expressed in letters to the United Nations urging that Israel be condemned - was unchanged. But Mohsen Bilal said in Madrid: "If Israel attacks Syria.....of course the people of Syria and the Government of Syria and the Army will react to defend ourselves."

[Edit]

@qwerty -- OmarD, 11:33:56 10/09/03 Thu

"...Michael Moore is just one of the NWO agents - He is a trojan horse rallying people for gun control..."

If a trojan horse, he sounds like a pretty effective one...Not all of us are "right" in all our views...Gosh look at me for example.

Just ordered book from Amazon...at least interested in what he has to say...

Note: Have been known to make some pretty worthless investments in my time...this just may be one of those...will post "review"

Rgds,

OmarD

[Edit]

Today steaming pile served up -- volavka, 10:47:54 10/09/03 Thu

by comex:
The run and length of the range has mkt set to open @ the upper end of todays range; I'd say a shift change overnite on a news item.
We wait and see.
stop close only over 376 dec takes out the drift.
Long week end for shorts....

[Edit]

OmarD -- qwerty, 10:27:22 10/09/03 Thu

Michael Moore is just one of the NWO agents

He is a trojan horse rallying people for gun control

He and Bush are on the same team but con people from different angles

[Edit]

auspec -- qwerty, 10:22:09 10/09/03 Thu

that dual currency really sets of alarm bells

talk about debasement ... WO

another reason for having a residence and assets in another country

when argentina imposed their currency controls, the major banks just bypassed it ... the crooks running argentina got their money out without much problem except a little political flack

imagine a US traveler finding out their dollars are worth a whole lot less than the foreign US dollar ...

even though counterfeiting is a major problem ... it has been said that 25% of the US currency overseas is counterfeit ... since we have massive censorship and secrecy concerning such matters, we will never get a truly official estimate

a global run planet would help them create a completely closed system

p.s. i happen to see the comedy channel and they actually had a funny bit ... after the guy presented arnold as winning for governor, he said - "welcome to the matrix" ... hillary was on there also but couldn't stand to watch her ...

political humor has pretty much been dead for deaceds ... it became taboo especially during the start of the reagan era ... making a political joke would produce the - how dare you - groans from the audience ... political humor has been extremely lame since then ... even cartoons started to get censored in the 90's

the only good thing on the comedy channel is south park and reno 911

[Edit]

Another "try" - Another "Book" -- OmarD, 09:00:08 10/09/03 Thu

Last "book review" didn't seem to generate much interest here...so lets try another...

Have not read yet...but anxious to. Guaranteed best seller. - Just the "cover" is worth having...may it be a "stamp" one day...or hanging in "Oval Office" of future residents.

From the Guardian - http://www.guardian.co.uk/michaelmoore/story/0,13947,1056922,00.html

Answers please, Mr Bush

Michael Moore fired his opening salvo against George Bush and his rightwing cronies with his bestseller Stupid White Men. Now the president is in his sights again. In this second extract from his new book he asks his old enemy seven awkward questions

I have written a new book, and this Tuesday it's being released. It's called, "DUDE, WHERE'S MY COUNTRY?" Because its content is likely to upset more than a few people, the publisher has "embargoed" the book until midnight Monday (which means no store or media outlet or anyone has access to a copy of the book until then).

They have taken these measures because I have written a book that seeks not to defeat the Bush people next year, but to have them removed from Washington right now. I know, I'm not asking for much. But I have spent the better part of the past year researching and writing this new book, and when you read it you'll see why the current criminal investigation of the White House for outing a CIA agent in revenge is, in my opinion, just the tip of the iceberg. I can only hope that my book will make a small contribution toward that day when we'll see one long perp walk of administration officials in handcuffs being led out of the White House and into a waiting paddy wagon. Like I said, I'm not asking for much.

"Dude, Where's My Country?" is also my humble attempt to violate the Patriot Act on every single page of the book. And, I have learned that many want to get on John Ashcroft's evildoer list with me. There are already a record number of orders from bookstores across the country. The first printing alone is almost one million copies (my last book's first printing was 50,000). Chapters include "Oil's Well That Ends Well," "The United States of BOO!", "How to Talk to Your Conservative Brother-in-law," and more.

Looks like worth waiting in line for...

Wa Sallaam,

OmarD

From Web Site:

http://michaelmoore.com

Thursday, October 9th, 2003

Ho-hum... just another day in Iraq. Bush and his Warlord Rumsfeld get in a fight. Condi serves up yet another freshly grilled Whopper--and never you mind this. Washington surprisingly gets nowhere with the international community they mocked. American soldiers are understandably fed-up. American corporations, on the other hand, are enjoying the pie.

Congressman John Conyers is calling on Bush's brain, Karl Rove, to resign. Of course, treason is pretty easy to get away with when you investigate yourself. This also happens to be the same tactic they're using in the 9/11 investigation. Another common approach: Delay, delay, delay. Also handy is " executive priveledge."

Why, exactly, is the FBI bugging the office of a Democratic mayor right before an election?

Time has a big story on " The Great Energy Scam." There's more on the energy issue from TomPaine.com here, here, and here.

The new man at the EPA might be just right... for business. What if, just maybe, that wasn't such a bad thing for the environment?

How to morally kill a mentally unstable person: Drug them.

Homeland Security continues to make us so much safer. Meanwhile, the FBI's anti-terror point-man is leaving his post to go gambling.

[Edit]

Bad Money Blocks Out Worse Money? -- auspec, 08:40:28 10/09/03 Thu

As just referred to by dr v.......here's an article by Clif Droke at 321 Gold in regards to currency exchange controls:

http://www.321gold.com/editorials/droke/droke100903_currency.html

Snippit under fair use Copyright:

"Patterson calls the new notes "crayola currency" and claims they will circulate domestically while the normal green currency that we've grown accustomed to will circulate offshore all over the globe. According to commentator Terry Savage, "Two-thirds of the U.S. paper currency is circulating in foreign countries." With the coming two-tiered currency system, foreigners will continue to be allowed to use the greenback while U.S. citizens will be stuck with the "crayola currency" which cannot be exchanged."

"Patterson forecasts the coming use of foreign exchange controls for the U.S. dollar domestically, which would prohibit Americans from transferring capital to any other world currency. Again, this is discussed in Patterson's now-classic monograph "Currency Recall" (which I've read and highly recommend to students of currency policy and investors seeking to retain the value of their investments)."

"Patterson states, "I want every one...to think carefully about this...because we are coming very, very close to the end of the freely convertible domestic dollar. They cut in value could be as much as 50%..."

END

Comment: A "peachy" idea for sure. Might as well have facsist money while we're at it. Wonder what Jackson would think about this new paper?

[Edit]

YAHOO -- volavka, 07:22:27 10/09/03 Thu

Yahoo, young ambitious hebrew owner operator.

The stock is high based upon those selling everything to keep up with the debts.

look @ the classic car mkt. alot of deals, same with persian rugs, diamonds, art etc.

Don't be deceived, hold the metals and wait.

Dual u.s. currency coming.

[Edit]

Rock & Roll -- volavka, 06:51:35 10/09/03 Thu

Rundown with the rock:

magr, news:
http://biz.yahoo.com/prnews/031009/to262_1.html

cypt news out for tech guys like HiHat.

[Edit]

Bugs -- volavka, 06:34:03 10/09/03 Thu

symbol, ( bugs ) this bunny is gonna multiply, watch her in calif. next

[Edit]

shake and bake -- volavka, 06:23:49 10/09/03 Thu

THEY want you out.

We will close higher.

[Edit]

Flubs -- volavka, 06:14:45 10/09/03 Thu

I'll take Boston.

Gold getting hit, but wait till end of day, this is just bull shit, sit tight.

[Edit]

auspec -- qwerty, 01:04:11 10/09/03 Thu

===
They should have engaged in closer supervision of financial institutions if they saw signs that
loan quality was deteriorating. They should have contemplated increases in capital and liquidity
requirements to prevent the credit boom from developing in ways that heightened the
vulnerability of the economy and the financial system to a subsequent downturn.

This seems to
us the right lesson for policy to draw also from the experience of the 1990s.
===

this was self evident all during the 80's and 90's

===
The problem, of
course, is that such lessons are always more evident after the fact.
===

this last sentence takes the cake

those MOTHER FECKERS knew what they were doing and it was INTENTIONAL

so people are paid by the criminals hoping that someone will buy into such a BS EXCUSE

one doesn't have to read the entire report to understand what the real agenda is behind it

after the shit sinks into the ground, the political structure can bring on "reform" with this report to tell people the economic upheaval was just a policy mistake

i wouldn't waste ones time reading it unless one has a heavy interest in economics

[Edit]

auspec -- qwerty, 00:51:55 10/09/03 Thu

>Planning my own personal bubble........So far so good.

we just need a monstrous bubble in gold and silver

[Edit]

Fred -- qwerty, 00:49:00 10/09/03 Thu

>And people in other countries are NOT politically stupid???

political stupidity is omnipresent ...

countries are in different political cycles ... it is more dangerous sometimes than other times ...location and timing can mean a lot ...

>Have you ever been to New Hampshire?

yes ... i have been observing the politicians from there for a long time and they have betrayed the country and US constitution ... also looting the taxpayers of america with support of enormous boondoggles and corruption

i remember not too long ago, a new hampshire politician even went on the tom obrien show ... tom ask him what he thought about national events ... this was around the time of the patriot act etc ... as i remember, he said something like ... he was focusing on state level issues and was really too busy to really give an informed opinion of what is going on the national level ... something like that ... WHAT A FECKING SNAKE AND LOW LIFE ... how low does a politician have to go before people BOOT him out

I can usually figure out who will win a political race just by figuring out who is the most overtly corrupted and destructive scumbag ... it usually is a tip off on who is the most popular among the citizenry

New Hampshire needs to be cleaned up before it truly becomes a state for freedom ... the state motto was live free or die ... everyone should have died in that state by now

[Edit]

Cubs vs Red Sox -- auspec, 21:47:53 10/08/03 Wed

Decent shot at this point. Tough choice but I'd have to root for the Cubbies. These guys make long suffering gold buggs seem like the instant gratification crowd.

mr v? How bout them cubs? Oh yea, you're a white sox man, almost forgot.

[Edit]

qwerty -- auspec, 21:43:05 10/08/03 Wed

Thanks for the summary.........I just knew 100 pages was too much to handle. The summary alone will lead to about 12 hrs of ZZZZZZZ's.

Maybe a few of us should volunteer for bubble alert since none of these intl monetary geniuses are able to recognize one @ the actual bubble moment. Neither can they discern when it's absolutely, positively, undoubtably the time to switch over to Depends. Your former friends won't tell ya, most unfortunately. {Pick up long term nursing care as soon as possible but wait until very late to select the nurse}

I will sleep much better 2night knowing that Greenspan's Bankers also know the score, even if they are still crooked and incapable of ameliorating ANYTHING. Sorta reaffirming, ya know.

Planning my own personal bubble........So far so good. Maybe I'm already in one and don't yet know it. Naw, Endgame would tell me.

mini

[Edit]

Sterling Scruples -- Goldus, 21:07:39 10/08/03 Wed

You Americans (that's me) just can't seem to get enough of those clever Chinese magic tricks. A stroll today through Kaufmann's department store revealed the latest act in the ongoing performance of "dazzle the Americans" with their own medicine. Seems the large silver-plated Christmas ornaments from old mainstay Gotham as well as from Lenox, filling several display cases, have the atheist's "Made in China" tag keeping a low profile on the bottom of the packages.

[Edit]

qwerty -- Frisco Fred, 19:52:59 10/08/03 Wed

qwerty,

And people in other countries are NOT politically stupid???

Have you ever been to New Hampshire?

FF

[Edit]

another piece in place -- qwerty, 17:14:00 10/08/03 Wed

===
(CNSNews.com) - Nearly one-third of those who voted in the recall election on Tuesday said they were influenced by California Gov. Gray Davis' decision to give illegal aliens driver's licenses, a new poll reveals.

===

this is what i suspected ... after greg palast reported on arnold, the events now made more sense ... ... also it brings national id cards one step closer

davis and his criminal associates intentionally lost the election and helped create the recall

now the the 9 billion dollar loot is safer

[Edit]

California -- volavka, 16:53:32 10/08/03 Wed

Try this:
Calif. chardonnay Russian river Valley WHITE OAK 16.00
Excellent.

[Edit]

auspec -- qwerty, 16:49:16 10/08/03 Wed

conclusion of the report you referred to ...

6. Conclusion
The 1990s was a decade of low and stable interest rates in many countries.
Accommodating credit fueled increases in property prices and facilitated increasing consumer
indebtedness, notably in the United States, while financing high investment rates. It encouraged

77 Recall also that we find that the credit boom of the 1920s was heavily concentrated in a
handful of countries and that equity prices rather than the supply of domestic credit were the
most important contributing factor. Our preceding discussion suggests that these are precisely
the circumstances under which a pegged exchange rate would amplify such booms: as equity
prices rose, stimulating investment and increasing the demand for credit, capital would flow in to
arbitrage interest differentials, rendering credit more elastic and deactivating one mechanism
(scarcity of funds and higher interest rates) that would work to limit the boom. The question, of
course, is whether there was any difference in the factors initiating credit booms before and after
1914. The popular view of pre-1914 expansions and recessions is that they were mainly driven
by investment and asset price booms and collapses, not by monetary policy. Thus, it is not clear
that this provides an explanation for the apparent contrast between the pre-1914 period and the
52

rapid increases in securities prices. These developments heightened the vulnerability of financial
systems and economies to a sudden reversal of sentiment, although the consequences to date
have taken the form less of a bang than a fizzle. To be sure, credit market conditions do not
provide the entire explanation for these developments. Investment and equity valuations were
also stimulated by accelerating productivity growth, although the magnitude of this new-
economy phenomenon remains a matter of dispute. But it is hard to dispute that credit market
conditions at least played a supporting role.
Among the consequences of these developments has been renewed interest in the work of
Mises, Hayek, Robbins and Rothbard, who emphasized the role of credit dynamics in post-
World War I cyclical developments. For a combination of domestic and international reasons,
the Fed maintained a relatively accommodating stance for much of the 1920s. With inflation
stabilization, other countries found themselves on the receiving end of capital inflows. Financial
innovation magnified the impact of these accommodating credit conditions, and central banks
did little to preempt their effects. The consequences, as in the 1990s, included property booms,
increasing consumer debt, surging investment and rising securities prices, particularly those of
high-tech firms. They included growing worries about the stability of financial institutions and
markets. They culminated in the collapse of financial markets and institutions and the gravest
macroeconomic crisis the modern world has ever seen.
This characterization of the Great Depression as a credit boom gone wrong has much to
recommend it as a cautionary tale for current-day policy makers. We wish not to be
misunderstood: as emphasized above, we are not arguing that the credit-boom interpretation is a

1920s evident in the data.
53
superior alternative to analyses of the Depression emphasizing the roles of the gold standard, the
stock market boom, and monetary blunders. But a horse-race is not the appropriate context in
which to assess theories of the Great Depression. The Depression was a complex and
multifaceted event. The perspective provided by the credit-boom view is a useful supplement to
these more conventional interpretations.
In particular, focusing on the credit boom of the 1920s directs attention to the role of the
interwar gold standard in setting the stage for the slump of the 1930s. Our analysis suggests that
equally pronounced credit booms were not a facet of the classical gold standard.
Notwithstanding the colorful accounts of Kindleberger et al., the amplitude of credit fluctuations
appears to have been less under the pre-1914 gold standard than under the more flexible
exchange rate regimes that followed. Evidently, however, the interwar gold standard was
different. Our conjecture is that the strongly procyclical behavior of the foreign exchange
component of global international reserves and the failure of domestic monetary authorities to
quickly install stable policy rules to guide the more discretionary approach to monetary
management that replaced the more rigid rules-based gold standard of the earlier era are
important for explaining the fragilities that set the stage for the Great Depression. Previous work
has emphasized the role of the interwar gold standard in the post-1929 collapse of foreign-
exchange reserves and money supplies and in the international transmission of destabilizing
impulses. But the credit boom view suggests that the structure and operation of the interwar
gold standard also played a role in the expansion phase, when the endogenous response of the
foreign exchange component of global reserves allowed credit to expand more rapidly than
54
would have been possible under traditional gold standard arrangements. This is an important
extension of the conventional gold-standard-and-Great-Depression story.
In addition, focusing on the role of credit conditions in the expansion of the 1920s and
slump of the 1930s directs attention to two factors that warrant more attention than they have
received in the recent literature on the Great Depression: the structure of domestic financial
systems and the interplay of finance and innovation. Financial structure and regulation have
featured in the comparative literature on the causes of banking crises in the 1930s (Grossman
1994), but other channels through which they could have shaped and accentuated the boom of
the 1920s and the subsequent reaction may have not received their due. The interplay of finance
and innovation in stimulating the expansion and setting the stage for the crash has been the
subject of even less attention, with recent authors tending to focus exclusively on one or the
other of these two factors. It was of course precisely the experience of the 1920s and 1930s that
provided the backdrop for Schumpeter=s great work, Business Cycles, where he characterized
capitalism, and in particular its cyclical aspect, as Ainnovation financed by credit.@ The
experience of the 1990s reminds us that the development and effects of credit conditions may
play out in quite different ways depending on the nature of the technological environment. It
reminds us that the interaction of credit with innovation warrants additional attention.
The implications for policy are less clear. One possible implication is that policy makers
should act preemptively to prevent the development of unsustainable credit booms that might
have seriously negative macroeconomic and financial consequences when they turn to bust. The
strong version is that central banks should concern themselves not just with commodity price
inflation but also with asset price inflation, especially in periods of technological dynamism
55
when asset market inflation has a particular tendency to overshoot. They should tighten when
they see credit expanding rapidly and asset-market conditions responding enthusiastically, and
do so even if commodity-price inflation remains subdued.
But most policy makers and analysts are reluctant to draw this conclusion. Central banks
have no reliable way of determining when asset prices lose touch with fundamentals. This was
as much a problem in the 1920s as the 1990s. It is only with benefit of hindsight that textbook
writers refer confidently to a bubble, and even now, not all observers agree. In any case,
monetary policy is a blunt instrument to deploy in response to increases in asset price valuations.
The collateral damage to the real economy can be severe, as Hjalmar Schacht learned in 1927
and George Harrison learned in 1929.
A more appropriate conclusion, in our view, is that although financial market conditions
are important, they are first and foremost the responsibility of financial market regulators. In the
interwar period, regulators should have concerned themselves with conflicts of interest between
the underwriting and advising activities of the investment banks before as well as after the fact.

They should have engaged in closer supervision of financial institutions if they saw signs that
loan quality was deteriorating. They should have contemplated increases in capital and liquidity
requirements to prevent the credit boom from developing in ways that heightened the
vulnerability of the economy and the financial system to a subsequent downturn. This seems to
us the right lesson for policy to draw also from the experience of the 1990s. The problem, of
course, is that such lessons are always more evident after the fact.

[Edit]

Midas Snippet -- auspec, 16:07:34 10/08/03 Wed

Hello brother Murphy {Bill},
http://www.bis.org/publ/work137.pdf

This an astounding 100+ page document.....the BIS is preparing for a
crash/depression
It is the equivalent of the Pope saying there is no God....worried that
50+ years of monetarism has been the wrong road and the Austrians may have
had it right.

all the best,
Jim Cullinane
Rye, NH
Gata be in to win...........

END

Comment............Jim is a good man and a trustworthy gold Soldier. {Look out! The Austrians are taking over the whole WORLD!!}

100 pages is beyond my current time availabilities........would be interested if anyone here at ER digs through this piece.

Now............go do the right thang. Harvey....just do whatever U can in that general direction, OK?

[Edit]

A day not to remember -- volavka, 15:59:13 10/08/03 Wed

Garbage in garbage out.
We should get the up which should have been today, tomorrow.

Think big, think over 425.00

[Edit]

oil in euro -- qwerty, 15:10:51 10/08/03 Wed

===
YEKATERINBURG, Russia, Oct. 8 (Reuters) -- A German
government source said on Wednesday that Russia may
switch to pricing oil sales in euros rather than dollars,
potentially huge news for financial markets.

However, Russian energy and finance ministry officials
said they were unable to confirm any change was planned.
===

with a plummeting currency

i can see the day when americans ( or should i say region 2 or whatever global citizens ) will be juiced at the gas pump for 3 to 4 dollars a gallon ... and that is without oil inflation ... getting around could be an expensive propostion

[Edit]

Free State Movement choose New Hampshire -- qwerty, 14:56:49 10/08/03 Wed

I heard it mentioned that the Free State Movement chose New Hampshire as the state to move to.

The movement has 20,000 members and they hope their numbers can bring support of the US constitution back.

My only question is:

Are they politically intelligent enough to realize that a COINTELPRO operation will try to neutralize them

Has the leadership been taken over or compromised already.

The problems with people and politics is that most people look at politics in a simpleton manner when they are really dealing with a chess board with complex moves and counter moves

What happens when the elites representatives pay them a visit and tell the folk that they intend to pull the financial plug on the New Hampshire economy of the future

Anybody selling to outside New Hampshire will need to weigh whether they want to keep their businesses there or work to enslave the New Hamphire residents.

Are these 20,000 smart enough to realize that the New Hampshire politicians have committed treasonous and supported unconstitutional acts.

The sad thing is that ...

New Hampshire has already legislated forced vaccine injections by the state

as i remember, even their congressional delegation supported the patriot act ...

and their anti-tax stance is a joke. they get juiced in property taxes real good

Talk about being politically real dumb ...

If there are lot of political defeats and they are able to keep the politicians on a short chain and resist incursionsof the totalitarian federal govt, there might be hope.

Maybe if enough rich gold bugs can pile into New Hampshire, it can be made financially independent

new hampshire should get rid of state education and delegate educational responsibilities with the parents - home school the kids

maybe vermont would be better ... 20,000 could have an impact population wise ...

if these 20,000 are mostly indoctrinated in ideology, they will be easy to manipulate to help the NWO forwarded their agenda even more

Maybe a good state to have a US residence in but I think one needs a back up residence in another country since one is dealing with masses of politically stupid people

[Edit]

california -- qwerty, 12:15:57 10/08/03 Wed

LOS ANGELES (Reuters) - Californians rose up in political revolution on Tuesday, storming the polls in record numbers to throw their governor out of office and elect in his place Arnold Schwarzenegger -- an Austrian-born action film star who tapped a deep vein of voter anger.

Gov. Gray Davis was swept out of office in stunning defeat as Californians vented their fury over the state's sputtering economy and the career politician leading them, a man who once dreamed of winning the White House.

Davis and Schwarzenegger agreed that California voters are dumb as door nails. Both also agree that the future for looting the California taxpayers will also hold bright propects.

The Bush crime family phoned Scwartzenegger congratulating him for the win.

California voters who voted for Gray or Arnold were in agreement. As one voter said summing up the voter sentiment, "we like taking it up the ass and we want more".

Schwarzenegger said that he hopes to work with the Bush administration lubing the California voters and reaming the voters up the rear end.

Scharzenegger clarified his support for the 2nd admendment by reaffirming that he believes people should be allow to have guns but should not possess them while within the boundaries of California.

The NRA say they are backing a stealth pro gun advocate and some say it is Arnold. The NRA leadership are confident that their membership are dumb enough to buy it.

Arnold and the NRA leadership may likely work together to keep the NRA membership in the dark while slowly evolving into a totalitarian gun control state. Arnold was confident about such prospects by saying, "if the california voters are dumb enough to elect me as governor and the NRA membership is dumb enough to put Charles Heston in, we can pretty much get the voters to do what we want. Arnold also emphasized that future immigration from Mexico will also help solidify voter support for taking away guns. Arnold said, "Mexicans are used to it so will have no problems".

Qwerty from Eagle Ranch was quoted as saying, "When 65% of the voters are dumb enough to give their votes overwhelming to people who have blatantly betrayed them in the most blatant ways, the writing of the book 'The Rise and Fall of the American Empire and their Global Enslavement' is not far off."

Qwerty also said, "The only hope is that the election results were fixed in a big way and that Barky The Dog truly did get most of the votes or else the Pod's have truly taken over."

[Edit]

Al -- volavka, 06:19:50 10/08/03 Wed

e mail me, got a question.

[Edit]

Dollar -- Netking, 03:58:20 10/08/03 Wed

EUR/USD, last at 1.1809, high for the day 1.1837. A short jump now to the double top [and potential resistance] set on 05/27/03 @ 1.1933 and 06/16/03 @ 1.1927 . . . passing beyond therewith looks likely in the time just ahead. . .time blow the dust off the charts & to look back to October 1998's 1.2396 . . . but even this is not yet half way from the time the Eur recently reached parity . . . for them with ears to hear . . .

[Edit]

Heil Governator! -- Californication, 03:30:33 10/08/03 Wed

[Edit]

CPI 2003 - II -- Netking, 01:44:31 10/08/03 Wed

Worth also repeating this snippet:

"...Some changes highlighted in the CPI were identified by Peter Eigen. "On the basis of data from sources that have been consistently used for the index, improvements since last year's index can be observed for Austria, Belgium, Colombia, France, Germany, Ireland, Malaysia, Norway, and Tunisia. Noteworthy examples of a worsening are Argentina, Belarus, Chile, Canada, Israel, Luxembourg, Poland, USA, and Zimbabwe..."

[Edit]

2003 Corruption Perceptions Index -- Netking, 01:26:48 10/08/03 Wed

The 2003 Corruption Perceptions Index showed unacceptably high levels of public sector corruption in many rich countries but an even worse picture among poor nations where half scored less than three out of 10.

After Bangladesh, the worst offenders were Nigeria, Haiti, Paraguay, Myanmar, Tajikistan, Georgia, Cameroon, Azerbaijan, Angola, Kenya and Indonesia -- all scored under two.

The top-rated countries were:
Finland 9.7
Iceland 9.6
New Zealand and Denmark 9.5
Singapore 9.4
Sweden 9.3

World superpower the United States came 18th - jointly with Ireland - on a score of 7.5. Iraq came 113th with 2.2, a score based mostly on data prior to the US-led war that ousted Saddam Hussein.

2003 Corruption Perceptions Index

[Edit]

Silver - Butler -- Netking, 23:47:11 10/07/03 Tue

Don't Close The COMEX By Theodore Butler

http://www.investmentrarities.com/10-7-03.html

Howdy Scott, regards from the Southern State.

[Edit]

"The President of the World" -- OmarD, 20:44:14 10/07/03 Tue

"Assallam allaykum" All...

Seems the world is waking up to the fact the US$ is a "dead man walking" - our little "cries" in the corner are starting to be heard by others. Recent volatility is only a minor preview of what is ahead in coming days...

Those $30+ daily POG we were warned of are close at hand.

But most of you here know all this...

The reason for this post is to relay a "discovered" link I found this AM that has had me glued to computer all day...(which I usually do anyway as someone out there pays me to spend my "working hours" doing so...) but little "work" was done today.

Actually found as a connection off a very pertinent link "Ironhead" sent on to me yesterday...while that one is very significant for me personally, I am sure this one will catch the attention of a number here...

This is it...(we can "vote" later if it is eally "fiction" or "prophesy")

It is all on the web...where the best "free" stuff is usually found.

The President of the World

A novel by Norman D. Livergood

http://www.hermes-press.com/PresWorld/index.htm

Some of the "Graphics" alone make it worth "browsing"

Thanks much IH...(Link posted - along with other on "Dustfall")

OmarD

PS..@"Jman" - Would think this right up your alley..

[Edit]

A wiff of competitive devaluations (& why you should buy gold!!!) @ALL -- journeyman, 20:09:51 10/07/03 Tue

"We must [now] address not only a run on a bank or a firm, but also a run on nations." -American President William Jefferson Clinton to the World Bank and the IMF, October 6, 1998

The dollar faced renewed downward pressure on Tuesday, falling to fresh three-year lows against the yen and within sight of record lows against the euro, amid mounting concern over the scale of the US current account deficit. [See BIG-FLOAT: The American Damocles -lrw]
+
Economists believe stronger US growth will not prevent the slide in the dollar, since it would lead to a further widening of the current account deficit, expected to reach $570bn this year.
+
The dollar dropped below Y110 for the first time in three years, ...
+
The [Japanese] Ministry of Finance has spent at least Y13,500bn ($120bn) this year to limit the yen's appreciation, which it fears will damage exporters' competitiveness.
+
The euro rose to within sight of June's $1.193 lifetime high, briefly climbing above $1.18 on Tuesday and triggering fears that the single currency's persistent rise could curb German export growth ... the dollar ... hit a seven-year low against the Canadian dollar.
+
"People are selling the dollar because it's the path of least resistance at the moment," said Marc Chandler, currencies strategist at HSBC. ...
+
The dollar has been on the defensive since last month's Group of Seven meeting in Dubai, which called for more currency flexibility.
+
This was widely seen as an attack on Asian governments, which have been intervening to prevent a fall in the dollar. At the weekend Wim Duisenberg, ECB president, said a further dollar decline was unavoidable. Dollar declines further amid fears on deficit, By Jennifer Hughes in New York, Tony Major in Frankfurt and Christopher Swann in London, Published: October 7 2003 21:43 | Last Updated: October 7 2003 21:43 [Linked from http://www.drudgereport.com ]

Regards,
Journeyman

[Edit]

@Netking – black gold -- Endgame, 19:50:17 10/07/03 Tue

This cache of black gold was actually hidden there quite recently. It is part of a shipment that left Ghana in March. This cache was intended to be discovered in November and be used to fill a rush for physical that is projected to occur at that point in time. Unfortunately for the hiders, the spot was such a poor hiding place that one of the locals tripped over it and its existence was prematurely exposed. Word has it that the hiders had searched for a better hiding location but found that all of the best spots had already been taken up with silver.

Regards,
Endgame

[Edit]

would be nice election result -- qwerty, 16:13:25 10/07/03 Tue

type of election results we need

Candidate Party Votes Percent
Gray Davis 0 0.0
Garrett Gruener Dem 0 0.0
Robert Cullenbine Dem 0 0.0
Stephen L. Knapp Rep 0 0.0
Daniel C. Ramirez Dem 0 0.0
Patricia G. Tilley Ind 0 0.0
Ronald Jason Palmieri Dem 0 0.0
Jonathan D. Miller Dem 0 0.0
Georgina Russell Dem 0 0.0
John J. "Jack" Hickey Lib 0 0.0
Dick Lane Dem 0 0.0
Barky The Dog None 13,432,145 100.0

[Edit]

Fridays down -- volavka, 13:55:09 10/07/03 Tue

will look like a walk in the park after tomorrow.
Huge move coming.

to upside. end of story.

[Edit]

Black Gold -- Netking, 12:01:00 10/07/03 Tue

A wartime gold cache worth hundreds of millions of dollars may have been found on a remote mountaintop in Papua New Guinea's New Ireland province. Troops and police have been sent to verify the claim and protect the find from poachers, the Post-Courier newspaper reported. Senior government staff were told a cache of up to 10 tonnes of gold, allegedly unearthed and processed by the Japanese during World War II, had been amassed in a mountain cave.

The PNG Government, facing ongoing budget deficits, was reportedly excited at the find.......but not nearly as excited as Endgame who exclaimed shouts of "Eureka!" as he rushed to re-calculate global black gold/silver holdings....

[Edit]

Mickey Ds' -- volavka, 11:20:52 10/07/03 Tue

New high on Mcdonalds' shorting it now, beef to the moon.
McCat or McRat in 3rd world coming to U.S.

INFLATION COMING BIGTIME!!!!!!!!!!!!!!!!!!!!

[Edit]

don't do nukes -- qwerty, 10:48:06 10/07/03 Tue

===
NEW DELHI -- India has started building an aerospace command station to have nuclear weapons platforms in space to provide an edge to its retaliatory capability in case of a nuclear attack, Indian Air Chief S Krishnaswamy said on Monday.
===

i guess they are prepaqring for a US invasion too

you know, the low tech solutions to nuking seem much cheaper route to go ... a suit case and much scarier ... they could take out washington dc, moscow and beijing and there would be nothing on the radar ... it would just happen out of nowhere ... but i guess their armament industry is filled with treasonous criminals too

nobody talks about it much but it is really telling when the US publicly names who the head of the intelligence agency in pakistan is ... the guy named involved in sending 100K to the supposed head of terrorist attack on wtc who just happen to be having a cozy meeting with our patriotic congressman and intelligence agency people ... and pakistan was the talibans most direct supportive entity on the planet

i guess india's role is to maintain conflicts in it's part of the world

[Edit]

if you missed magr -- volavka, 10:23:51 10/07/03 Tue

apolo is going to launch to .50++++++++++ (apll)

[Edit]

PM[S] -- Netking, 09:47:24 10/07/03 Tue

Gold and Silver have initially fulfilled and confirmed analysis for a high in late-September that aligned perfectly with the start of the new Jewish Year on Sept. 27/28th (and the ensuing 21-day period when several Holy Days unfold). Gold is testing initial support around 370 while Silver tests near-term support around 480.0/SIZ. It would not surprise me to see Silver dip as low as 459--467 leading into a minor cycle low on Oct. 11/14th.

[Edit]

if metals are going to run up -- volavka, 09:39:07 10/07/03 Tue

today, they'd better move now.

[Edit]

Is The Yuan's Value Really Pegged To Gold??? -- beesting, 09:35:55 10/07/03 Tue

A funny thing happened on the way to the office today,,,,,eerrrr, correction,,,rather, while skimming my usual morning sites on the "net" this morning,,,,I noticed something unusual (funny) that I'd seen every day for the last few years but never paid any attention to it until today.

The Funny Thing:...Approximately 100 Chinese Yuan will buy ONE gram of Gold!
See chart at the bottom of the page:

http://www.kitco.com/

Now this by itself just seems like an odd coincidence but lets add in a few other factors that make this 100 to 1 relationship a little more unusual(funny).

1. First lets ask ourselves exactly what a local currencies main purpose is supposed to be?
My answer: To keep the value of the local currency(medium of exchange) stable so all things(products & labor) in turn REMAIN as stable as possible, for the benifit of all the local population.

2. One U.S. dollar equals about 8.277 Yuan.
....1208 Yuan equals about one U.S. dollar.
....100 Yuan equals 1 gram of Gold.
....These numbers are remaining fairly stable while the rest of the worlds main currencies are jumping around like ping pong balls in relation to each other.

3. It seems every currency in the world is fluctuating in value in relation to the U.S. dollar,,,EXCEPT the Chinese Yuan.

4. The U.S. government seems to be tremendously concerned that the Chinese government won't re-evaluate the Yuan in relation to the dollar........WHY???(Apparently noone outside of China can spend Yuan?)

Summary:
If a person could have exchanged U.S. dollars for Yuan a year ago, or two years ago, he could than have than bought 1 gram of Gold for about 100 Yuan(if he could have found a Gold market that would accept Yuan.)
We now, or soon will have the purchasing power of 1.3 billion people able to buy 1 gram of Gold for 100 Yuan and """the price is not flucuating"""!!!

This means that the Chinese are gradually achieving a MUCH more STABLE-IZED currency than any of the rest of the worlds currencies(U.S. dollar,Yen,Euro,Pound,etc. etc.) simply because they have the "Smarts" to realize that money BASED on Gold/Silver, etc. is a much more stable medium of exchange.

Thanks For Reading..........beesting.

[Edit]

orange skies -- number six, 09:21:42 10/07/03 Tue

volavka, I realise that your time is a valuable thing & all, but could you elaborate a little for those of us who aren't so good at cryptics.... did beef go up a lot or something??

Also, you might like urmp.ob the dodgy penny stock. Similar schpeil to amep, but with an even worse balance sheet. Still, if someone can upgrade a 10 trillion dollar resource from dubious to bankable, then surely they are quite something. They claim to have a groundbreaking process for turning Athabasca tar-sands into something viable and pumpable. Their website is very honest too - it shows a big black box; that's effectively what you'd be gambling on. But, as can be seen, the leverage for this mob lays in the fact they're tinkering in the exact right field. Whoever can liberate the oil from the oil sands in a radically new and clearly economic way, really deserves to be bigger than microsoft. Fnord only knows if it's these guys.

[Edit]

no inflation here -- volavka, 09:20:35 10/07/03 Tue

no body has medical Insurance in texas, little girl went in er for food poisioning stayed one nite/day, bill $5400.00

[Edit]

where's the beef ????????? -- volavka, 08:55:01 10/07/03 Tue

limit up, eat crow.

[Edit]

Let the jerks play -- volavka, 07:45:30 10/07/03 Tue

any negative becomes a super positive for metals today, pray for a down day, idiots we've got your #.

[Edit]

must crack 380 dec -- volavka, 07:23:03 10/07/03 Tue

or we drift.

[Edit]

could hit fast mkt -- volavka, 06:02:52 10/07/03 Tue

hang on now.

[Edit]

only 4 -- volavka, 06:01:46 10/07/03 Tue

lines of resistance and stops befor 425 gold.

[Edit]

No jobs -- volavka, 05:50:36 10/07/03 Tue

jobless in u.s.

[Edit]

Test -- Webmaster: Rex, 01:15:55 10/07/03 Tue

Testing..

It looks like Voy.Com got themsleves back online now.

They had been giving "No such forum" error messages
most of the day/night for all their forums.

End of Test

If you see this message, everything's working okay again.

..Rx

[Edit]

Where's the beef -- volavka, 10:09:44 10/06/03 Mon

Not in the U.S.
Beef going to moon.

Got burgers down here in texass as big as hub caps and solid sirloin no fat back.

[Edit]

Never forget -- volavka, 09:58:44 10/06/03 Mon

metals mkts are thin.
If Wo fat steps up to plate, you licked clean.

[Edit]

Disney Dollars -- volavka, 09:05:36 10/06/03 Mon

Hang on GOOFIE , GOOFIE HANG ON.... SING THAT SONG DUMMIES,

PAPER GIANTS ARE WE.

Gold and nothing else!!!!(silver platinum too)

[Edit]

comex not problem -- volavka, 06:44:18 10/06/03 Mon

paper is the problem.
trust paper any form???????????????????

shut down comex and it will go offshore, china/europe/middle east...

If you are going to have paper currencies you have to back them with gold.
Europe or china will soon set the new rate.

[Edit]

Sinclair -- auspec, 03:48:45 10/06/03 Mon

Like all old generals, Sinclair is fighting yesterday's battle. CRIMEX is the problem w it's paper gold price setting mechanism. He simply leads people into this arena. Better yet to expose it, put it under a microscope, take deliveries there, and shut the fraud down. Why pretend it's anything but a crooked game as he does in coaching people to participate?

[Edit]

"As California Goes..." -- Scoop, 03:48:01 10/06/03 Mon

"Crazy Californians" will indicate on Tuesday whether America has hit bottom, or the world will have to suffer through another four years of Bush[shet] Jr....

http://www.scoop.co.nz/mason/stories/HL0310/S00041.htm

[Edit]

Periodic Ponzi Update PPU -- $hifty, 02:01:52 10/06/03 Mon

Ponzi Chart

Periodic Ponzi Update PPU

Nasdaq 1,880.57 + Dow 9,572.31 = 11,452.88 divide by 2 = 5,726.44 Ponzi

Up 173.87 from last week

Thanks for the link RossL !

Go GATA !

Go GOLD !

Go Comets !

$hifty

[Edit]

@auspec & @all -- Questioner, 21:23:18 10/05/03 Sun

Your welcome for the quarterly. Thanks for the nice commentary on Sinclair and your other thoughts. He does have some of it right for sure but his EGO(Edges Greatness Out)gets in the way on some of his conclusions. Placing blame is always dubious, anyway. In history the cause of events is often missed and blame often is pinned to minor factors when others play a much bigger role and often are missed. Bottom line is always to evaluate the message and consider the human qualities of the messenger.

Crimex exists for the big boys. It is amazing to comprehend the manipulation that exists in markets especially in light of what is now being exposed via GATA and the gold community. Multiply that by the silver market and all the other commodity markets with their individual stories and it makes you want to puke.

I once got a ride 5 years ago from a corn farmer from Iowa who had to do trucking in order to exist as a farmer because he couldn't get parity for his crop. He was aware of the problem and kept on farming but had to work extra just to be a farmer. I now wonder if he lost his farm?

Point being that I suppose awareness to just how corrupt and out of balance most of the markets really are is a start to changing things. Yeah, sure the NYSE changes messengers, but isn't John Reed of Citibank privy to collateralized trading programs with trillions of $$$ of money creation. The NYSE certainly didn't change the message there. The rapid rate of change is amazing and hard to keep up with.

The beauty of it all is that as each EGO or messenger plays their role sooner or later they eventually go full circle for the ride up and down. Unfortunantly we have a way to go before some of these systems and institutions find balance.

@all: Thanks for sharing your thoughts!

Walk in balance, Questioner

[Edit]

Current POG & POS & U$D Live Price -- CHARTs, 21:13:51 10/05/03 Sun

[Edit]

auspec -- qwerty, 21:08:11 10/05/03 Sun

that sinclair piece was one of the most frank ones he has written

he hit on many things in which it has been taboo to talk about in the investing world

[Edit]

Sinclair Being Sinclair -- auspec, 18:58:46 10/05/03 Sun

The following snippets come out of recent commentary from James Sinclair:

http://www.jsmineset.com/home.asp

The Curse of the Gold Advisors

Author: Jim Sinclair

"The price of gold has many enemies but the most seditious and dangerous to the Gold Community are the many that claim to be friends of gold - the so-called gold advisors."

"Even Friday after the employment numbers became public, gold was doing quite well, having broken out from its Power Down Trend. However, the Cartel short interest knew the road of weakness had been thoroughly plowed and planted by the advisors to the Gold Community."

"......the gun was loaded and pointed directly at you by the advisors Gold Community members actually pay."

"The sad thing is that they have no idea that they actually screwed their clients and the gold market royally. Who knows, they might just try doing it over and over again before they realize how dumb they are."

"Most of these guys are neither long nor short one ounce of gold nor one share of gold stocks. They don’t have to be as long as 200,000 of you send them the $69.95 per quarter."

"I will make significant $ in my opinion because of the advisors’ rank stupidity as a group."

"If these advisors really cared

"Let’s face it, this is WAR, nothing more, nothing less. The Cartel took in as much as $280,000,000 real dollar bills in Friday’s attack right out of YOUR POCKET thanks to your ADVISORS who no virtually nothing about gold."

"You just got ripped off thanks to the many ignorant gold generals yelling retro orders from the rear of the lines."

"The STOP orders in gold placed IGNORANTLY in huge sizes were totally visible because the floor traders holding them simply and covertly showed what was on their book to their pals for payback at another time."

"I will take on anyone that blames those numbers for gold’s fall because that was not the reason at all. It was a power play made by the Cartel that was set up by the ignorance of almost every gold advisor out there."

"Gold will charge at the $400 level again in 2003, probably sooner than later. You can be sure that the “Curse of the Advisors” will be a factor again as they issue sell recommendations at $386, $392 and $396 and we get the ignorant placement of large stop orders for the Cartel to pick off the WEAK flanks of this Gold Army."

"My bet is that event will be the US dollar under .9238 on the USDX second close. Since I see this as an absolute in my mind, I also see gold at $433 and $509 once the majority of gold advisors have sold out their loyal clients one more time."

"The price of gold has many enemies but the most seditious are those who claim to be friends of gold - the absolute majority of gold advisors."

END

Comments: You probably already know what I'm going to say, right? First of all, I am totally sold out for gold as well as silver and positioned accordingly. I also eagerly read most everything James Sinclair has to say.....he has incredible experience and heart. His service to the gold community is a real labor of love{?, it could have other factors mixed in}. He is a man of great achievement and a real factor in today's gold world. Thanks, JS!

All that being said............you knew there was more coming, no? I've heard this schtick before as it relates to mining companies. Sinclair is known to totally blast all other companies and their personnel as being incompetent as well as unethical.........to the near exclusion of his TNX. Maybe, when we still have mining going on during "Heaven on Earth" JS will totally be in charge..........but that day is not yet here. His blasting of the many fine people running mining companies, boosting himself in the process, is nauseating, at least to me. Sure, there are MANY crooks and sharks in this field, but there are also many caring and competent individuals running very successful companies. I happen to own many of them as well as his.

Who put me on arrogance patrol? Nobody, really, but I can't sit by and have this bloke blast everyone else within the gold community w/o sticking up for the many fine executives and advisors.

Now he blasts the many gold advisors of which he has previously stated he doesn't read! He reads Harry, talks to Kenny and that's apparently about it according to his own words. I beg to differ. I'm not a trader for the most part, but if I wanted to pay for a trading service and risk profit or loss in that manner, that would certainly be a viable choice. The world has room for traders. The world has room for gold bears, gold bulls, those that can't make up their mind which one they are, or even those with disciplined indifference. That's what makes a market. Remember, once more, I absolutely HATE what happened last Friday, stops being run by manipulators in the know. Still.

What I object to about Sinclair in this advisor blasting issue is the very same thing I object to in his mining company bad mouthing. The man thinks he and a few select friends are the "chosen ones", his trading method is the only viable one on the planet. If the whole gold community would just do as JS advises........everything would be golden. Sheesh, if everyone traded his method his method would no longer work. Right?

For a few examples:

Is Robert Prechter "ignorant"?
Is Julian Phillips?
How about Richard Russell?
Clif Droke?
Black Box Forecaster?
Adam Hamilton?
Etc?

Maybe some of these guys recommend trades and others hold for the cycle, but they've all pretty much been lumped together by the likes of J. Sinclair. Methinks something takes control over his museum quality ego. As much as I want the same thing he wants..........I can't go along with it. Sorry. The end doesn't justify the means.

How about the CRIMEX issue of allowing others to know where stops are placed? That's the crime, but what do you expect of CRIMEX? Duh? The problem is not with the many fine and sincere professionals that earn their living through researched and sound advice, right? These guys don't get paid for long if their advice is bogus! They put their butts on the line regularly and live and die with their calls. The free market allows them to stay in business, but only if they have a degree of success. Sinclair, if U were a timing advisor, last week, exactly how much $ would you have made for your clients? Oops. Easy to blame it on the "ignorant" gold advising 'traitors' though, isn't it? I have learned much from JS's charting protocols, but I can well assure you that there is only ONE person on the planet that thinks they are infallible {plus a bunch of wannabees}. For goodness sakes, markets DO get overblown, other issues have to be factored in {gut feelings, COT, etc}, and JS has no monopoly on TA. I, personally have seen this market as prone to what happened last Friday since early August. We've been on "quash patrol" so to speak. It was most predictable, it happened, and now we expose it and go forth. We DON'T disparage everyone else within the gold community that doesn't lap up every written word from the mouth of JS. Sheesh, again.

Time to find out exactly how and why CRIMEX allowed the stops to be known and targeted, imo. I always assumed they were well known to insiders.........thus the risk of this game. CRIMEX is nothing more than a paper game.......also like Nintendo or Pac-Man. Those stops, buy or sell, have a way of coming into fruition. This crooked game, at the margin {literally} decides the fate to a large degree, of the world POG. It depends on a little 'show-gold'........enough deliverable physical gold to allow the paper games to continue. Take away the 'show-gold', and it IS diminishing, and the entire facade evaporates. Sinclair is absolutely correct that this game does not have a level playing field.........and he correctly advises people to be leary of being targeted stops. Yet, he continues to play the paper game himself, mostly because he's so good at it that he, personally, will beat it in the end. He would like to bring along a lot of folks to participate with him. Admirable. Better he diminish COMEX gold by taking delivery and advising as many as he can to do the same. Better he use his influence to put an end to the stop targeting practice that takes place regularly on CRIMEX. Until the manipulated paper price setting mechanism is brought down.........gold nor silver will trade for their true values. Sinclair is nothing more than the Pied Piper of Paper Gold until he cleans up his act {I have to say something outrageous or everyone falls asleep on me, sorry}.

James Sinclair.........I still admire your vast knowledge and your TREMENDOUS efforts. They simply need a little tweeking.

Tweeking along,

a

[Edit]

China shoot you the moon -- volavka, 17:54:04 10/05/03 Sun

Dr Hwang say:
You want to see moon smile?
Watch Platinum/Russia.

No one tell China what to do, follow my point.
Dec Gold set stops @ 366, watch.

[Edit]

GATA...........Turk Knows Gold -- gata, 17:42:45 10/05/03 Sun

Dear Friend of GATA and Gold:

GATA consultant James Turk, proprietor of GoldMoney
and editor of The Freemarket Gold & Money Report, has
written a detailed description of how the U.S. government
ran the stops in the gold market on Friday and how it
intervenes in the gold market generally. Turk also has
discovered new discrepancies in the gold accounting by
the U.S. Federal Reserve and Treasury Department that
constitute evidence of that manipulation.

Turk has put this information in the issue of his
newsletter that will be distributed tomorrow and but
has generously allowed GATA to distribute it tonight.
We do so in the hope that it will prevent gold investors
and investors generally from being scammed again,
and we share Turk's confidence that the government
interventions against gold are becoming so brazen
and frequent that even mainstream financial observers
will start to notice.

Remember the remark of Allianz Dresdner's Frank
Veneroso to CBSMarketWatch Editor Thom Calandra
last week: The manipulation of the gold market is now
acknowledged in many European financial circles and
understood as another form of currency intervention.
GATA aims to make it acknowledged and understood
around the world -- even in the United States itself.

Note most of all Turk's admonition that the manipulation
of the gold price by the U.S. government is cause to buy
gold, not to sell it. It signifies that gold always has
been and remains the supreme money and store of wealth
and value and that it is far scarcer than those who are
frantically debasing government currencies want the world
to know. Otherwise there wouldn't be such efforts to
suppress gold's price.

Get it while you can and cling to it.

GATA urges its friends to post links to this article at
gold and financial bulletin boards around the Internet
and to send it to news organizations.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

How Governments Manipulate the Gold Market – A Primer

By James Turk
Copyright 2003 by The Freemarket Gold & Money Report
http://www.fgmr.com
Letter No. 332, October 6, 2003
Reprinted by permission

After gold trading closed in New York on Friday $13.70 lower
from the previous day, a Reuters article gave the following
reason for gold's rout:

"Gold tumbled 3.5 percent in New York on Friday as the first
rise in U.S. payrolls in eight months lifted anxiety about
economic growth and undermined the safe-haven case for
bullion days after it had hit seven-year highs."

Their point of view sounds plausible, I suppose, though I
think the recent "seven-year highs" in gold are far more telling
about gold's prospects than any one month's economic data.
But regardless of whether Reuters' conclusion makes
economic sense, the payrolls data was released at 8.30 a.m.
and gold's selloff didn't start until 12.10 p.m, almost fours
hours later.

So did we see a delayed knee-jerk reaction to the data?

Or was some other factor at work?

In my view, it was clearly the latter. It is becoming a well-known
"secret" that governments are trying to manage the gold price
by intervening in the gold market, and Friday's trading was a
good example of their fiddling with the free-market process.

Here are some pointers for everyone interested in learning how
governments intervene in the gold market.

1) Work with a proxy. The U.S. Exchange Stabilization Fund is
the ringleader of the government manipulation efforts, but it
never enters the market directly itself, regardless whether it is
intervening in the currency or the gold market. It works with
proxies in order to cover its tracks. The secretive ESF places
its orders to intervene with the Federal Reserve Bank of New
York, which carries out all intervention for the U.S. government
as well as all orders from foreign central banks placed for
execution during U.S. market hours.

When asked about its activity, the New York Fed never
discloses for whom it is acting, claiming that its account
agreements bind it to respect the confidentiality of its
customers. But this approach is still not enough to hide the
tracks of the ESF and the various governments who intervene
to distort normal market forces.

They want more cover, so the New York Fed places these
government-instigated trading orders with the big New York
banks. Because these banks have such huge trading volume,
the logic is that government-instigated trading will be hidden
amid the huge order flow handled by these banks.

This line of attack to hide the government's trades works,
except when the government's orders are so huge and
one-sided that they overwhelm normal market forces. So it
stands to reason that the repetitive and continuing entry by
banks like Morgan Chase and Morgan Stanley on the sell
side of the gold market at particularly critical market
junctures and at unusual times smacks of government
intervention.

This unholy alliance, also known to some as the
Washington/Wall Street axis, demonstrates that these two
forces are in bed with each other to serve their mutual
benefit. The banks that act as government agents aim to
make money any way they can, even if it means taking
despicable steps that are unfair and harmful to those
unaware when the government intervenes.

For its part, the government aims to distort markets from
operating normally.

Why does the government do this?

Because market prices communicate information, and
sometimes that information runs counter to what governments
would like us to hear and believe.

So governments intervene in a market by preventing it from
alerting us of the market message governments don't want us
to hear.

For example, we all know that the message of a rising gold price
means that the dollar is headed for rough times, which is useful
and important knowledge. But the government is more concerned
about protecting its own interests and those of the banks that
help it manipulate markets, rather than letting us receive a useful
market message to help protect our wealth.

2) Wait until after the London market closes, which, because of
the time change, is noon in New York. The London market is
basically a market for physical gold, while New York trades paper,
which represents only promises to pay gold. There's a big
difference between these two markets.

It is easy to manipulate paper because all a government has to
do is to create these paper promises out of thin air, as
government does all the time when it intervenes in the foreign
exchange markets. But governments cannot create physical
gold out of thin air.

So they tend to stay away from the London market, and put
physical gold into their market interventions only sparingly
because once they are out of physical (or unwilling to use
what they have left, which was the case with President Nixon
in 1971), their intervention game is over.

On Friday gold closed in London at $382.75, $13.35 above the
New York close only 90 minutes later. So, clearly, the
government through its compliant bank agents bombed only
the paper market.

3) Intervene on a Friday afternoon in order to have the maximum
impact from your intervention. After noon New York time, not
only is London closed but the rest of the world is closed as well.
This afternoon period in New York represents the moment when
the least amount of liquidity is in the market. So if government
interveners want "more bang for their buck," they can get it when
the rest of the world is asleep or already enjoying the weekend.

The limited liquidity that is the dominant characteristic of the
New York market on Friday afternoon makes it easier for the
interveners to get bigger price moves, which then gives them
a corollary benefit. A big price move can scare people,
particularly when they have the whole weekend to think and
worry about what the next week will bring. That result gives
governments even more "bang for their buck."

4) Just keep selling and selling. When you intervene in the
market on a Friday afternoon with the intention of forcing the
market lower, you begin selling short. Because you are the
government and you are creating promises only to pay gold
"out of thin air," you just keep selling and selling until you
hit key sell-stops resting in the market. After all, who is
going to give the government a margin call? Consequently,
there is no practical limit as to how many paper promises
the government can sell.

So how much do they sell? Simple -- they sell enough until
they complete their task, which is to drive the market lower.

But they also use the market itself to help them accomplish
their objective of lowering the gold price. Here is how they do
it.

It was no secret that $378 had become an important support
point, and consequently it was obvious that a large number of
longs had placed sell-stops under that level or intended to sell
if that level was broken.

So let's assume that the government starts selling and selling
and that it takes the government 20,000 contracts in thin
Friday afternoon trading to force the market down to the point
where the $378 level is broken. The government's selling is now
complete. Its mission is accomplished because of the new
selling that is generated when support at $378 is broken.

The market is now being driven lower by the longs who begin
selling to cut losses or protect profits.

As the market heads further below $378 support, more and
more sell-stops are generated because the snowball started
by the government is now rolling downhill on its own
momentum. Then the government interveners step back in
and slowly begin buying back their 20,000 contract short
"paper gold" position as the gold price heads down. They
buy what the longs themselves are now selling, enabling the
government to cover its short position.

The result is that the government ends the day with no
position, and assuming the government made $8 per ounce
on average (which is not an unreasonable assumption given
Friday's $13 drubbing), the government walks away with
$160 million picked from the pocket of the longs -- loot
that the government splits with the banks that acted as
their agents.

More importantly to the government, it achieved its primary
objective, which is to distort the free-market process by
forcing a lower gold price, thus hindering yet again the
market message that the dollar is in trouble and that people
should be stocking up with gold for the tough times ahead.

And the government did it without using