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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 one ounce of physical
metal.

So that's how they do it. Further proof will emerge Monday when
Comex reports Friday's drop in open interest. It may not be
20,000 contracts, but I would be surprised if it is less than
12,000. But if the drop turns out to be less than 8,000 contracts,
given Friday's estimated volume of 165,000 contracts (of which
125,000 apparently occurred after 12:10 p.m., when the
government started intervening), then the shorts are in real
trouble.

A small drop in open interest would mean that too few longs
were scared out of the market in Friday's price plunge, and
that, as a consequence, the longs are tenacious in looking
for higher prices.

In that case, the shorts with their huge position have become
even more vulnerable.

Further, if open interest drops by less than 8,000 contracts,
look for gold to rally back quickly into the $375-$385 range
seen the past four weeks.

Do I have documents proving the government intervention I
discuss above?

No, but the body of evidence developed over the past few
years by me (see www.fgmr.com), www.GATA.org, Reg
Howe (see www.goldensextant.com), Frank Veneroso
(see http://goldmoney.com/en/commentary/2003-09-04.html)
as well as many others is not only huge and compelling but
also growing.

What's more, I've just made a new discovery, but let me start
with a little background information.

Back in December 2000 I wrote "The Smoking Gun"
(http://www.fgmr.com/smokegun.htm) and noted the
discrepancy between the size of the U.S. gold stock
as published by the Federal Reserve in its monthly Bulletin,
which included "gold held by the ESF" in its report, and the
size of the gold stock published by the U.S. Treasury in its
monthly Bulletin.

The two reports were different, establishing that the ESF held
gold or owed gold (because in some months the discrepancy
was a negative balance) at the month-end record dates in
which there was a discrepancy, which was virtually every
month from the end of 1996 to my December 2000 publication
date.

Then, less than two months after the publication of my
discovery, the Federal Reserve in February 2001 inexplicably
changed its reporting of the gold stock to delete any reference
to the ESF, thus making its record of the size of the U.S. gold
stock equal to the Treasury's report.

This hasty change by the Fed is reported here:

http://www.fgmr.com/whatgold.htm

This after-the-fact "adjustment" to U.S. government reports was
revealing, given that the government felt sufficiently compelled
to hide further the tracks of the ESF to make this embarrassing
change to its reports. That appeared to be the end of this little
window into the operation of the shadowy ESF, because the
Fed was no longer reporting the U.S. gold reserve plus the ESF's
gold balance.

Or so I thought.

Recently I was analyzing the Fed's audited balance sheet
released in its 2002 annual report and I noticed that the
discrepancy has reappeared.

As of December 31, 2002, the Federal Reserve reports
$11,039 million in its Gold Certificate Account, but as of the
same day the U.S. Treasury Bulletin reported the U.S. gold
reserve to be $11,043 million. At the $42.22 book value used
to record these entries, there is a discrepancy of 94,741
ounces of gold on that one day.

What is the reason for this divergence in these two reports?

It seems obvious that this difference is the weight of gold held
by the ESF, which used to be reported by the Federal Reserve
in its monthly Bulletin.

The divergence between the two reports has reappeared because
the Fed can report in its monthly Bulletin whatever it wants to
include, or in this case, exclude. But it cannot exclude the impact
of the ESF on its year-end financial statement because if it did, its
auditors, KPMG, would not give an unqualified opinion in the audit.

So even though the Fed, presumably under the direction of the
ESF, tried to rewrite history by changing its monthly unaudited
reports, in the end the Fed failed because its manipulation of the
gold market has now been exposed in the Fed's audited financial
statements, which raises an interesting question.

Does this blatant management of the gold market by the U.S.
government mean that we should not buy gold?

Definitely not, unless you would rather rely upon the hollow
promises of politicians instead of the proven and reliable
trustworthiness of gold.

And regardless of any short-term considerations such as
Friday's trading action in the paper market for gold, consider
instead the important long-term case for gold.

The case recently was summarized wonderfully by fund
manager John Embry. His essay -- "15 Fundamental Reasons
to Own Gold" -- has been posted to the GoldMoney Internet
site, so there is no need to get into it here, except to say that
the long-term potential for gold is truly outstanding. See:

http://goldmoney.com/en/commentary.php

Each of John's 15 reasons offers sufficient incentive in itself
to continue buying and accumulating gold each month as your
cash flow allows.

In summary, government manipulators and their bank agents
won another battle on Friday to keep the gold price under
control. But they are losing the war.

Since touching $252 four years ago, gold has been in a primary
bull market. There is a steady and resilient worldwide
movement out of national currencies into gold, and given all the
fundamental reasons to own gold in preference to any national
currency, I expect that gold's primary bull market will continue.

Consequently, Friday's setback will soon be forgotten, and while
it hurts to see any market trashed in this way by the government,
there is a bright side to it.

Friday's late-day selloff has no doubt converted many more who
had been skeptical about government manipulation of the gold
market.

Yes, even though the government seemingly intervenes in every
market, there still are some who believe that the government
doesn't intervene in the gold market. But that group is rapidly
declining in number, and not only because of blatant
manipulations like the one that occurred on Friday.

Another factor is at work.

All one has to do is look at the dollar and its bleak prospects.

Given that sorry future, it is no wonder that people are moving
into gold, which explains the recent "seven-year highs" in gold
noted in the Reuters article. When one sees what is happening
to the dollar, they opt for gold regardless of the government
manipulation. The ongoing destruction of the purchasing power
of the dollar and the relative undervaluation of gold increasingly
makes gold the prudent choice.

[Edit]

magrs' neighbor -- volavka, 17:25:06 10/05/03 Sun

http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20031004/RMININGFRIEDLAND04/TPBusiness/Canadian

[Edit]

qwerty -- $hifty, 16:31:00 10/05/03 Sun

qwerty: I hope they get steam rolled at the open. I hope to see NY open higher than it was before the bashing on Friday.
Couldnt happen to a nicer bunch of crooks!

:-)

Go GATA!
Go GOLD!

$hifty

[Edit]

gold -- qwerty, 16:08:33 10/05/03 Sun

i would think they may dump some gold to try to keep it from gaining any momentum on any pop up

[Edit]

rappaport -- qwerty, 12:53:24 10/05/03 Sun

from rappaport

===
First, the CA recall. Reporter Greg Palast is piecing together Arnold S’s connection to the energy pirates who stole $9 billion from CA. He makes it clear that Arnold is ready to settle this matter for pennies on the dollar and head off a pending suit filed by Bustamante in LA to get the whole theft back. The recall was cooked up, in part, to erase the lawsuit.

Unfortunately, Bustamante has not been talking about his lawsuit. If he had been pressing the issue in public, who knows what might have happened. Busta and Gray Davis, as far as I’m concerned, are like two teenagers who are sticking their toes in the cold water but are afraid to jump in all the way. And it may not be simply a matter of fear. They may be in on the scam. To me, at this point, it’s the only credible explanation for why they haven’t blown the whistle in ear-splitting fashion on the energy theft and the real role of Arnold.
====

after i posted that mr terminator post, the thought that ran thru my mine was ... bustamante is in on the recall

rappaport observes the silence of bustamante and davis

and didn't the energy theft occur under bustamante and davis

but the silence on the issue is the most telling thing

bustamante and davis is help scripting the recall

it makes complete sense to me

the california voters really need to recall their entire legistature and governor along with opposing arnold or other fake opponents

if i became president, i would go around to every state and campaign to have the entire congressional delagation of every state removed ...

[Edit]

Tony Blair outed [again] by former British foreign secretary Robin Cook -- Iraqgate, 09:47:11 10/05/03 Sun

http://smh.com.au/articles/2003/10/05/1065292475354.html

"Tony Blair privately conceded that Saddam Hussein did not have ready-to-use weapons of mass destruction two weeks before the invasion of Iraq, the former British foreign secretary Robin Cook says.

Mr Cook, who resigned on the war's eve, accuses the Prime Minister of misleading Parliament and committing troops to the US invasion knowing the Iraqi leader's weapons were difficult to assemble quickly after years of concealment from United Nations inspectors.

In diary extracts published in The Sunday Times, Mr Cook says Mr Blair's admission contradicted his public statements that Saddam represented a real and present danger to the world and had to be deposed.

His allegations further undermine Mr Blair's case for war and make it more likely that MPs will push for a full judicial inquiry into the decision to go to Iraq. Downing Street has dismissed Mr Cook's claims as absurd..."

Comment: Yep, and in a recent poll nearly 60 per cent of Britons believe Prime Minister Tony Blair lied to them over Iraq.

[Edit]

'Financial Sense Newshour' interviews Sprott's Embry and Central Fund's Spicer -- gata, 09:35:43 10/05/03 Sun

Dear Friend of GATA and Gold:

Jim Puplava interviews John Embry, president of Sprott
Asset Management in Toronto and manager of Sprott's
precious metals fund, and Stefan Spicer, CEO of Central
Fund of Canada, the gold and silver bullion fund, on
the latest edition of the "Financial Sense Newshour."

Embry endorses GATA's finding about the gold market
and makes two points likely to be of special interest
to gold bugs:

-- Central banks may become more a positive than a
negative for the gold price, since not much central bank
gold is left in the vaults of the banks that have been
lending it, and Asian central banks are likely already
buying gold quietly to hedge their huge and growing
reserves of devaluing U.S. dollars.

-- Because of globalization, gold is unlikely to be
outlawed, and outlawing gold in the United States
probably would only spur demand for it elsewhere.

You can listen to the interview here:

http://www.financialsense.com/Experts/roundtable/100403.htm

[Edit]

goldus -- number six, 05:51:49 10/05/03 Sun

Goldus, I have it on good authority from a trusted insider, that "CIA" stands for Cocaine Importation Agency. ;)

[Edit]

Friday's Gold Slam Dunk Bunk... -- ThaiGold, 21:45:13 10/04/03 Sat

In my Contrarian's Contrarian opinion, what you saw Friday was a perfect example
of what I mentioned some time ago...

ie: The jerks who CONTROL POG can drive it wherever they want, whenever they want,
and it is not Rocket Science.

Infact, they didn't need to use ANY physical Gold in order to achieve such a large
swing (down) in the COMEX market. Nope...

All they needed was to make a few PHONE CALLs to their favored Insiders, announcing
to them that Gold would be smashed at noontime. And that enabled all the frontrunners
to initiate the cascade of sell-orders. Short ones of course. Physical not required.

So, we saw POG tumble quickly, tripping stop-after-stop of the smaller traders. You
cannot call them "Weak Hands". Or shouldn't... It takes lots of guts to hang in there
at COMEX, when the Trend Isn't Your Friend. Only a fool wouldn't selloff to cut losses.

Anyway, my point, confirmed by Friday's debacle, is that Someone is sill firmly in
control of POG, whether MetalBugs realize, or accept, that fact or not.

Repeat: TPTB don't need to squander ANY physical (BB's; CB's, etc -- that's hogwash).

It's as simple and straightforward as making a few timely phone calls to friends, who
do all the work for you. On que.!. And be assured, those who shorted COMEX Gold, the
ones who initiated the tumble, were (later in the day) able to buyback their $384 Shorts
at a bargain $368, for a whopping Friends-R-Us profit. Just for answering the phone.

It's Lucy, fooling Charlie Brown, alloveragain. But this shrewd crowd has taught her
that a Football isn't really needed... Just pretend you have one... That's enough.

...Tai

[Edit]

@Dotti -- goldus, 21:05:02 10/04/03 Sat

Don't be afraid of energy shortages. Look how well the Amish manage, for starters. There are more people off the grid every day and thriving.
And us vegetarians don't need so many inputs.
Just don't tell the CIA how well their "patent" medicines grow on our land; have been since our ancestors came over from Asia on the land bridge. And PLEASE don't mention that our soil supports mind-altering substances or the bent- horned pebble snail. It's not easy growing crops in exile after your land has been appropriated, "preserved" or taxed away!
P.S. What does CIA stand for? Criminals Irreparably Abusive?
Central Invasion Agency? Cocaine Inhalation Association?
Climate Impairment Assemblage? Conglomerated Institutionalized Amalgamation?
Beats me.

[Edit]

Chart of who "owns" the Federal Reserve -- Netking, 20:47:38 10/04/03 Sat

Reposted herewith:
http://www.save-a-patriot.org/files/view/whofed.html

Goldus: Good comments :>)

[Edit]

dotti, fred ... -- qwerty, 17:16:35 10/04/03 Sat

water, food, energy, medical etc

the pattern seems clear ...

seems a constant push to create/maintain centralized control of the things that sustain human life

anything contrary to that is suppressed

[Edit]

@Frisco Fred, et al -- dotti, 14:03:11 10/04/03 Sat

I see.

But.

I think that you can use the heirarchy published by Netking (?) a few days ago of the owners of the Federal Reserve as a roadmap. Who was planning for the current circumstance back at the turn of the previous century?

Yep. Water is going to get scarce. Food, maybe. Scarey that it takes so much energy to produce food.

Take care.

dotti

[Edit]

GATA re John Embry {Long but worth the footage} -- gata, 12:42:05 10/04/03 Sat

Dear Friend of GATA and Gold:

Our hero John Embry, president of Sprott Asset
Management in Toronto, spent a lot of time again
Tuesday on ROB-TV, the Canadian business news
network, and, amazingly, GATA member Mark Webber
again was there to take it all down, so a
slightly edited transcript is appended here with
heartfelt thanks to Mark.

Read it and see why a special NORAD detachment
in Lockport, N.Y., is assigned to jam ROB-TV
signals and Embry is able to enter the United
States only when disguised with a turban and
fake beard and carrying a Saudi Arabian passport.

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

* * *

"Nightcap with Howard Green,"
featuring John Embry of Sprott Asset Management
ROB-TV, Canada
Tuesday, September 30, 2003

Green: Well, another soggy day for the U.S. dollar --
nothing gold bugs love more -- sending gold futures up
almost three bucks by day's end. Not quite where it was
last week but still hanging in there. Joining me this evening
on "Nightcap": gold afficianado John Embry, president of
Sprott Asset Management. Good to have you with us,
John.

Embry: Always nice to be here, Howard.

Green: I just had Russell Sheldon on, from Bank of Montreal,
and he's saying the U.S. dollar is going to keep going down.
You must love hearing that.

Embry: Well, the U.S. dollar is fundamentally very weak. You
just look at the trade deficit, the current account deficit, the
budget deficit. It's just deficits everywhere. And it's going down.
There's no question. The only thing that will stop it from going
down dramatically is that nobody else wants their currencies
to go up!

Green: (Laughs.)

Embry: So they will be battling. They will be printing money.
I think I heard Sheldon allude to something about the Canadian
dollar? They don't want it over 75 cents! We're not competitive
over 75 cents. So guess what. We'll be printing money and
dropping rates. This is the perfect environment for gold -- when
ALL the paper currencies are under pressure. And I think we
are just at the cusp of that. It's just starting to unfold.

Green: Because we will be awash in liquidity? Is that the
idea?

Embry: We'll be awash in liquidity. We'll be in a state of
classic monetary debasement. All the paper money will be
printed far more than is required just to keep everything
well-greased. Then people will start looking more aggressively
at tangibles. And the king of tangibles is gold.

Green: And so how much will gold rise as a result of this?

Embry: I think it's going to rise a lot. I'm on record as saying
that before this decade is out it's going to rise up multiples of
the current price. People forget what happened in the 1970s.
The rhetoric I've heard lately sounds awfully like when gold
was $35 dollars in 1971. People couldn't imagine it going to
$100, let alone $800. Similarly now they can't imagine it going
to $500, let alone $1,000. I think the fundamentals are better
this time for gold.

Green: I had Doug Pollitt on Friday night and he was at the
Denver conference, as I gather you were.

Embry: Yes, I was.

Green: And he said he was surprised that there was a lot
less back-slapping there than he expected -- that if the metal
doesn't go higher, the stocks are going to pull back.

Embry: Oh, I don't think there's any question. In my fund I
actually have been selling stocks and buying a little bit more
metal just for a little protection for the simple reason that the
stocks are already discounting gold well into the four-hundreds.
But having said that, I think gold IS going into the four-hundreds,
so I'm not all that worked up about the stocks being overpriced
significantly. I thought the conference was relatively subdued
-- like most people don't believe the gold price, and I think
they're wrong. I think it's going a lot higher. The companies
don't believe it and a lot of attendees don't believe it.

Green: (Laughs.) All right. We will talk more about gold on
"Market Call Tonight." We'll look forward to that, John. That is
the business news for this evening. For those of you watching
us live, stay tuned for "Market Call Tonight." My guest will be
John Embry of Sprott Asset Management. He'll be answering
your calls and e-mails on gold and precious metals.

* * *

"Market Call Tonight with Howard Green,"
featuring John Embry of Sprott Asset Management
ROB-TV, Canada
Tuesday, September 30, 2003

Green: Welcome back to "Market Call Tonight," John.

Embry: Thank you.

Green: You were telling me in the break that you were
surprised that gold actually went up today, because it
was the last day of the quarter. Explain that.

Embry: Well, basically gold was breaking out sharply last
Thursday. And the forces that do not want gold higher came
thundering onto the floor of the COMEX and really beat it up.
And they broke it. They got it from $393 down to about the
mid-380s on Thursday. Took it down to $380 on Friday. A lot
of negative commentary over the weekend. You know, "The
long specs were gonna get broken. They were gonna panic,
sell. ... It was going to go cascading down." Which is exactly
what these guys want. Because at the end of a quarter they've
got to mark a lot of this stuff to market. And what they don't
want is a higher gold price, because they're on the wrong side
of the market. Lo and behold, there is a big buyer in the market.
And the big buyer appears to have won this fray. Because it
started up yesterday and then it was stronger even today. It
got a little bit of help from a lot of developments. The Bank of
Japan intervened to try to weaken the yen this morning in
middle of the night our time -- and FAILED. Suddenly you
see the yen weaken and then all of a sudden it shot back up
again. Clearly the people who trade in the currency markets
know this intervention. When you're intervening against a
primary trend, you're going to lose. And the primary trend for
the yen is now UP.

Green: Who is the big buyer of gold?

Embry: I think the big buyer is coming out of China.

Green: Really?

Embry: Yes. I think the Chinese have a very passionate
interest in gold. The rumor in the pits anyway is the big
buyer may have been from China.

Green: All right, with that as a backdrop let's go to the
phones. Richard in Winnipeg. Hi, Richard.

Richard: Hello, Mr. Green. Mr. Embry. I value your opinion.

Embry: Thank you.

Richard: On Bema Gold: Is it stepped up too high or is it
now contemplating a $400 gold price? Would you buy now
or would you wait until a pullback?

Embry: I was a big buyer of Bema earlier this year around a
buck-and-a-half Canadian. Subsequently it has run a long way.
But they have one of the great exploration properties. One of
the leading explorationists for one of the large companies
called it "the finest exploration prospect on the planet." And
Kupol, which is in Russia -- they've got about 75 percent of it.
This looks like they have somewhere between 5 to 10 million
ounces. Probably over an ounce grade. Clive Johnson, who is
the proprietor of this outfit, is one of the great promoters. He
has done well with very little. He's got something big this time.
I would definitely be a buyer of the stock on any weakness. In
fact, I might buy it here.

Green: Even at $3.42 (Canadian)?

Embry: Yes.

Green: It's pretty actively traded. It was the fourth most actively
traded today.

Embry: It's very actively traded because it has a huge fan base
in the United States. That's important. I mean these people are
not too valuation-conscious. If you've got something that looks
like its got a good story to it, and gold is in favor, they'll buy
it.
So Bema's good.

Green: Let's go to the next caller. We've got Les in Calgary. Hi,
Les.

Les: Hi, John. I would like to know your outlook on Arizona
Star and its Cerro Casale project in Chile.

Embry: That's really interesting because Bema owns 25
percent of this. Arizona Star owns 25 percent of Cerro Casale.
Placer has 50 percent. Now Cerro Casale is a huge ore
body of not-so-hot grade. But at higher copper and gold prices
this thing is economic. And Placer has to come forward. If this
thing can be financed, Placer has to start taking this forward.
Arizona Star is a terrific proxy, in my opinion, on higher gold
and copper prices. I would definitely be a holder of the stock.

Green: $2.75, down a dime today. OK, let's move on to your
top picks of today. Top Pick No. 1, Thistle Mining. South Africa,
Kazakhstan, and the Phillipines. Not a household name. Tell
us about it.

Embry: Thistle's been beat up a bit because of the stronger
rand in South Africa. So the operating costs in their operating
mine, the President Steyn down there, moved up. I like the
strategy of the CEO, Willie McLucas. He has a strategy. I
think he'd love to sell some of his South African assets to
Harmony. His assets in South Africa are surrounded by
Harmony down in the Free State. And he wants to develop
his Phillipine asset, which is actually quite promising. So
it's a stock that trades well and it's been beaten down to the
mid-50s. I think it's a good leveraged play on gold here and
I've been buying it in this range.

Green: Let's keep an eye on that one. Let's go to Jerry in
St. Johns.

Jerry: John, my primary question is on Gold Reserve.
I've asked you on a couple of occasions about it. I
understand that you've become a fan of Gold Reserve.

Embry: This is a large, very low-grade ore body in
Venezuela that is attached to the Las Christinas property,
which is under great speculation with Crystallex. This
thing won't go forward without the Crystallex/Christinas
issue being straightened out. If you're a patient investor,
it's a good investment. You may have to wait a while for
this because this Christinas mess is going to take longer
than everybody thinks.

Green: What is a long time?

Embry: I would think you're probably talking many years
before this is in production.

Green: Like 10?

Embry: No, it wouldn't be that long. I think that you could get
it in this decade. It's just that Venezuela is also an issue. But
it is a very cheap stock and I would certainly hold it in a rising
gold market.

Green: All right, Rob in Cornwall, Ontario.

Rob: Great show as always. I'd really appreciate John's views
on Merdian as a value play. I've got a couple of gold stocks
already. And it seems like everybody is passing this one over.
Your opinion, please.

Embry: That's a good question because I think they ARE
passing it over. And I really think they're wrong in the sense
that the Esquel property in Argentina, which has run into
serious permitting problems, will, I believe, ultimately be
permitted. And that's the key aspect.

Green: Is that why people have been passing it over?

Embry: Absolutely. And in my view on gold, and how this is
going to unfold in the next five or 10 years, an asset in the
ground is only going to become more valuable. So if the
Esquel property is delayed --and it IS going to be delayed
probably a couple of years anyway because of these
permitting issues -- the asset's still there. And if they
eventually get it permitted, it is going to be worth a fortune
when gold is trading at a thousand dollars. So I like Meridian
a lot. In fact, I was a buyer of the stock very recently. I think
the investing public is wrong on this one. Meridian has fabulous
management, a great cash cow in El Pino, a very active
exploration program, and an asset that's being severely
undervalued because of the permitting issue. I'd be a buyer.

Green: All right. Kevin in Vancouver.

Kevin: A quick question on Ivanhoe Resources and mainly
their Mongolian play.

Embry: If you believe Robert Friedland, this is one of the
monster ore bodies in the history of the world.

Green: Do you believe him?

Embry: I would downplay it a bit. I think that it IS a major
ore body. They've got some very good results lately. The
issue was grade. They've got some very high-grade results
recently. So that is a big positive development. My issue
would be how long it's going to take to exploit. This is a
total greenfield. There is no infrastructure. There is not a
great deal of water. And I think this thing won't be in
production probably until the next decade.

Green: Do you own this one?

Embry: I do not own Ivanhoe. I do own QGX, which I've
talked about many times on the various shows, which is
my play in Mongolia. It's much much cheaper and I take
the proprietor at his word.

Green: And so if you owned Ivanhoe, what would you do
with it?

Embry: I would hold it because Robert Friedland is the
greatest promoter on Earth. He's got a great asset but the
stock is extraordinarily expensive. He's got a $2 billion
market cap on something that I don't see being in production
for a long time.

Green: Let's get your second pick of the evening. Top Pick
No. 2: Defiance Mining. It's 61 cents.

Embry: I think Defiance Mining is a stock that has got a lot
of potential because they have a terrific ore body that has
actually been drilled out in Mauritania, which is not one of the
world's garden spots.

Green: I'm not sure I could find it on a map.

Embry: Mauritania is over there with Mali and Ghana. It's
actually in a legitimate mining area. And it's beautiful topography
because it's flat and dry and uninhabited. So I believe they will
get this into production reasonably quickly. It's got a million
ounces already and they've got a million ounces in resource. If
they could drill a million ounces and prove up -- convert the
resource into reserve -- we've got a serious asset here for a
50-cent stock.

Green: They have enough money to develop it?

Embry: Yes. They're well on the way. We helped save this
company: myself, Fred Sturm over at Mackenzie, and John
Hick, who's the CEO now. This thing was on its last legs when
it was Geomaque. And we got really lucky in a series of
transactions. We ended up with this prospect in Mauritania,
which is the Tasiast property. And I think the stock is
undervalued still. The assumption is that this thing does get
into production and there's a couple of million ounces for a
pretty good price.

Green: And so what is the potential hiccup here?

Embry: The hiccup is always in these things -- getting the full
financial package. It is in Mauritania but they are pretty
comfortable with the idea that they can get it done. The
government is very onside. They don't have a lot of industry
there. They have a very large iron ore complex. It's a moderate
Islamic nation, it's not heavily inhabited, they need enterprise,
and they seem to be mining-supportive. So that's a big positive
in these countries. If the government's onside, you can usually
get it done.

Green: All right, an e-mail. This is from Trevor. "Gold and
inflation: If gold goes to 800 bucks, what would you expect
corresponding inflation and interest rates to do? Can you
recall historically what happened last time gold had a major
run?" I think you can. You've talked about it.

Embry: Clearly I'm in the environment in which gold would
take out the old high at $800. It would come, I suspect, at
a period of considerable monetary debasement, which means
that the values of anything you're buying would be rising. Now
the rate of inflation that that would entail -- I don't know. It
would be materially higher than it is now. And I suspect that
long rates would be higher. Short rates, because of the debt
that's all through the system, would probably be maintained at
fairly low levels. We'd have a steepening yield curve in this
environment.

Green: Why is there so little inflation though given that we've got
so much liquidity?

Embry: Itt's the way inflation's measured. Very simply: Housing
is going through the roof in North America. Some of the statistics
in the States recently on house price increases and volumes and
everything are staggering. The stock market's recovered. Money
is sort of seeking outlets. The reason you don't get high-stated
inflation, like high CPI, is all these goods flooding in from China.
There is this inflation/deflation battle. There are a lot of
deflationary forces in the world. China, the Internet, too much debt
-- and they're trying to offset this with massive injections of
liquidity. It's a battle. I don't know who's going to win. Gold wins
in either deflation or inflation. It doesn't win in disinflation,
which we've had for 20 years.

Green: Let's go to Sergio in North York. Hi.

Sergio: John I was wondering if you could give me your long-
and short-term views on Axmin, and if you could comment on
the Newsweek article on Newmont's involvement in the Mali
project.

Embry: As you probably know, because I've commented on
Axmin many times before, I love this company. I think the
management, headed up by Jon Forster with the backing of a
Swiss group, Addax, is one of the best management groups
in the junior gold field. And they have a proven track record.
They found Geita when they were previously Samax and sold
it to Ashanti. So this is the same guys basically. And Michael
Martineau is another one that's associated with us. I back
people who are winners. These guys are most assuredly
winners. And they've got three interesting operations. They've
got this fantastic unexplored greenstone belt, which they're
just drilling in the Central Africa Republic. Very promising.
The first holes have been very good. They have this property
in Mali, which, I'm told by certain people, is viewed very
constructively. That Newmont is prepared to do business with
them on that property speaks to the quality of it. And they
are looking to develop a prospect in Burkina Faso. They are
trying to put a mine into production with High River. So for
a junior, for my money, this is one of the best ones on the
board.

Green: Perry in Mississauga, Ontario.

Perry: A question for you, John, on Tanrange. I know
you're a big admirer of Tan Range and I purchased it two
years ago at 45 cents. I'm seeing it climb. So where do you
think it's going and how about their properties?

Embry: This is a tough one for me because I was a major
shareholder in my previous incarnation. And when I got over to
Sprott the stock had moved up sufficiently that I was a little
uncomfortable with buying it. It's continued to move up.
This is a play on the proprietor, James Sinclair, known in the
trade as Mr. Gold, one of the finest gold traders in history.
And this guy is a remarkable guy. Having said that, I'm not
crazy about his assets. So people are buying the jockey here,
not the horse.

Green: What's wrong with the assets?

Embry: Tthey're in Tanzania and they don't have a great deal.
But they're working away and people buy people and this guy is
fantastic. So....

Green: That's why the stock ran up?

Embry: Absolutely. I would have kept it if I were at the bank.
I just can't chin myself to the current price to buy it.

Green: Why is such a brilliant gold guy running a company with
assets that you're not crazy about?

Embry: Well, he may develop them. He was the guy behind Sutton
Resources, which sold Bulyanhulu and eventually to Barrick. So
he's got a track record and he's workin' away in the same part of
the world. He just may come up with it. It's just at this point I'm
not
crazy about what he's got so far. But this is the beauty of this
business. One day it could be worth nothing; the next day it could
be worth a billion dollars. Good guys tend to find the billion-dollar
properties.

Green: Let's have your third pick: Aurora Platinum. You were telling
me before: This is not platinum?

Embry: No longer. These are my great friends from Southwestern
Resources. They have about a 16 percent interest in this company
and they actually have the same people who are involved in the
management. What they have accumulated is a really interesting
series of nickel prospects in the Sudbury area. I would call this a
mini-Fort Knox. And we had great success with FNX Mining
when Terry McGibbon took a bunch of ex-Inco assets. This thing
to me is a really misunderstood and not well-followed company.
On top of that they control Lakeshore Gold, which I think is one of
the really exciting small gold companies.. They're doing some
wonderful things up in the Timmins area.

Green: So is it a nickel play or a gold play?

Embry: It's both. The company directly is focused on nickel
but it also has a nice play on gold because it owns 60 percent
of this subsidiary that I think is very promising. So you get two
shots at this one and it's cheap.

Green: And the principal risk with this one?

Embry: The principal risk is that the whole metal complex doesn't
work. I love stocks that aren't in favor. I don't believe the public
or the institutions are really at this one. I've been a big buyer of
this. I've been accumulating it ever since I got to Sprott. I like it
very much.

Green: And you own the other two as well: Thistle and Defiance?

Embry: Oh, yeah. All of those are well represented in my fund.

Green: Let's go to Dean in Burlington.

Dean: John, I took your recommendation a number of months
ago on Wheaton River and it's grown nicely to about $2.69. But
about a week ago it was up to almost $2.90. And as the price
of the gold has gone up in the past week, the stock has dropped.
Do you think it has reached its peak? And should I be possibly
be dumping it to pick up one of your other selections?

Embry: I don't know that it's reached its peak. This thing was
constructed for a bull market in gold. And they issue shares and
they buy gold assets, which I think is a fabulous strategy. Their
first two acquisitions -- the Luismin mine down in Mexico and
then the one in Argentina -- were brilliant strokes. Their latest
acquisition hasn't impressed me as much. They tell me I'm wrong,
and other people don't agree with me. It gets into a debate about
whether this was a great acquisition. But what really put the cap
in the stock recently was, at the Denver gold show, they gave a
very aggressive presentation and then the very next morning laid
a hundred-million-dollar issue in the market with no use of the
proceeds. So I'm sure they've got something up their sleeve.
But there's just too much stock in the market short term. So
there's a little pressure on the stock. I would definitely hold it
here. I think that there's further to go. But I would prefer to see
them acquiring producing assets rather than things they're going
to have to develop. And this last acquisition in Mexico is going
to require some development. I'm not as keen on the stock. I was
very keen on the stock back when it was back around $1.20 to
$1.25. In the high 2s I'm not as keen but it will definitely rise
with the gold market.

Green: Another one that is very active in the top 10 on the TSX.

Embry: Yes. Initially they created a lot of paper, so there's a
lot of shares on the market. I think one of the shortcomings with
this thing is that you are getting too many shares on the market.
Eventually, when you blow your market cap up too big, it just
becomes unwieldy, and it doesn't have the same lift as other
stocks. I really like companies with smaller market caps where,
if news hits, or a development, you get real leverage in the stock
and it moves more rapidly.

Green: Another e-mail from Andrew in Toronto on Rubicon
Minerals. "What are your thoughts on Rubicon for the long- and
short-term? Would you be a buyer at these levels?"

Embry: Rubicon is a company that is very active in one of the most
prolific belts in the world. It's up in Red Lake and it's got a
really nice land package. To date they haven't really found anything
that I think is going to turn into a mine. But they've got such a
good land package, and if they keep drilling, they stand a very good
chance. I would keep the stock. I do not own it in my fund at this
point. I have owned it. And with anything up in Red Lake you're
relatively safe with, because it's a great address and there's a lot
of gold up there.

Green: One last quick call. Peter in Montreal..

Peter: A while back you mentioned you had a large stake in
Queenstake Mining. Do you still maintain that holding? Would
you recommend the stock?

Embry: Good question. Queenstake: I got very interested in it
when it was around 22 cents. And it ran to 98 cents, at which
point I was extremely uncomfortable because my stock is restricted.
Now it has pulled back to 68 cents. I think this guy has done a great
job of acquiring these assets at Jerritt Canyon. I believe that he is
going to turn resources into reserves. I think it is a great play on
gold. I think the check back from the mid-90s to the mid-60s has
created a wonderful buying opportunity. I would definitely be a buyer
in the 60s.

Green: John, we've got to go. Thanks for joining us.

Embry: Howard, always nice to be here.

Green: John Embry of Sprott Asset Management.

END

[Edit]

The REAL Behind The Scenes WAR Going On! -- beesting, 12:18:27 10/04/03 Sat

auspec wrote:
(Snip)
So, gold was down about $14 today alone and silver down an even bigger %. Did something
happen today that changed the long term fundamentals of both of these metals........at exactly the
same time? Please explain it if U can.
(Unsnip)

Since even the professional sooth-sayers(people that get paid for making predictions) are actually just guessing at the the future POG, please let a very amateur Goldheart take a "Guess" as to what happened yesterday when POG suddenly dropped over $16.00 in a VERY short time and than recovered by about $2.00, before the closing time of the trading day. Since Silver is also considered by many to be real money this guess-work also includes the sudden loss of POS.

As Mr Greenspan stated many years ago,(paraphrased)"Central Banks stand ready to "control" the price of Gold."

Now,most everyone agrees Mr. Greenspan has developed a language of his own and it's up to the listener to figure out what he is really saying.
This is my interpretation, and remember Mr. Greenspan is an employee of the Central Banking system:

Mr. Greenspans is committed to make the dollar the worlds currency of choice and to regulate as best he can it's VALUE.
Gold, Silver, and Bi-metallic money(money in the form of a commodity)are a threat to his above mentioned commitment. That's it!

So what happened yesterday(Oct.3,2003)that was out of the ordinary,,,,"Before" the prices of Gold & Silver were smashed down?(by the Central banks)

Well for one thing, that seemed to go un-noticed by everyone, PLATINUM hit a 23 year high of over $725 per ounce (before 12:00PM Eastern time.)before retracting slightly but still gaining $10.00 for the day!
Please see:

http://www.kitco.com/charts/liveplatinum.html

When looking at the long term Platinum charts one can see Platinum is in more of a "Bull" market than Gold or Silver.It's doubled in dollar price. Let's guess that there really is a short supply of Platinum coming to market driving the price up and if something wasn't done yesterday in a hurry all eyes would be on the world of precious metals which includes Gold & Silver.

So as a tactical move, which is done in all wars, a major DIVERSION was created by the currency paper pushers.

If the POG & POS were not hit in a big way yesterday the 23 year high in Platinum would have caused a possible "Major" up-swing in the POG & POS re-inforcing the worldwide theory that Gold, Silver,Platinum,Copper, etc. serves as a much BETTER form of money than U.S. dollars.
Thanks For Reading........beesting.

[Edit]

dotti & qwerty & ALL -- Frisco Fred, 12:16:16 10/04/03 Sat

The top of the PTB are assumed to be Rothschild, Rockefeller, etc. only because that is what has been decided for us to assume. The top of chain is not for us to know and those below the R&R's don't really matter. The real leaders are not even known by R&R. So, the middle PTB could be the R&R's.

-------------
World Conservation Union - About 115,000 square miles of the European Mediterranean are turning to desert from overexploitation.

King's College erosion specialists - Overuse of aquifers is causing seawater to penetrate in places and polluting underground reservoirs.

ALL > Water is more precious than au or ag.

FF

[Edit]

auspec -- qwerty, 12:15:30 10/04/03 Sat

Bill Buckler articulated it well

for the movers and shakers in the gold bull, take physical delivery

i say they can buy gold shares on weakness as the leveraged play

the only exception i would make for the comex gold paper is only the very very very savvy and sophisticated "card counter" should play in the casino ... having a good intelligence network is also good asset

if they are currently in the loss column at this point, it should be apparent to themselves that they aren't savvy enough to play with the big boys and should just step aside concentrate on physical and gold shares ...

i would like to get all these comex longs in a room that have been bloodied through the years by the shorts and ask them why they did what they did especially given the manipulation

[Edit]

@qwerty, et al -- dotti, 11:57:48 10/04/03 Sat

re: dotti -- qwerty, 11:07:43 10/04/03 Sat

Sorry. All I meant is that the true PTB have a long range plan and are not likely to get caught up in their own net.

When it comes to the Bilderburgers, CFR, and other such organizations, I have no idea. People like Bill Gates and Rush Limbaugh may come and go, but the Rothschilds, Rockefellers, Morgans, etc., are true insiders. They, in my most humble (and deservedly so!) opinion, are not trusting in fiat for their private wealth. Acquisition of gold by Asians, Chinese, in particular, may be a nuisance to them. They benefitted from the "strong dollar policy"; now they are positioned to benefit from the collapse of the dollar. R. Rubin has served them well and been well rewarded, but I doubt that he is "one of them".

Again. My own disclaimer. I haven't even scratched the surface of the Bilderberger type groups. I'm not as interested in who they are as I am what their plan for us is. They are in control--worldly control, that is--and will remain so. If there is a move toward alternative energy--and it probably is a necessity--they will be positioned to profit from that as well.

There are those who believe that these are not "humans" as we see them. I find that a fascinating concept. All the ideas about illuminati, etc., but have never really gotten into that area of research myself. Some say that it is not just the descendants of the wealthy who maintain this power; rather these individuals live themselves far longer than the human life span.

Oh, well. Such things are well beyond my understanding.

I find watching the day-to-day workings more than enough to keep my mind occupied.

qwerty, it's always good to see your mental exercises posted here. Always make me think.

Take care,

dotti

[Edit]

Al Jazeera, another media lap dog for the elite -- qwerty, 11:51:57 10/04/03 Sat

JEDDAH -- Al-Jazeera bowed to pressure from the United States government last month by immediately pulling two cartoons deemed 'inflammatory' by Washington from its websites, a senior source in the news organization has told Arab News.

The two cartoons were pulled ãwithout any hesitationä from both the Arabic and English language websites after a US government official complained about them, according to the source, who spoke on condition of anonymity.

One cartoon was of so-called 'green card soldiers', young Latino men shown going through an immigration tunnel to emerge from the other side as US soldiers ready to leave for military service in Iraq. The other was of the Twin Towers imploding, and two giant fuel pumps rising to replace them from the ashes. Neither cartoon is now available in Al-Jazeera websites' cartoon archive.

=====

cartoons was one of the last remnants of free press in the US but they snuffed even those out

[Edit]

dotti & qwerty -- auspec, 11:42:58 10/04/03 Sat

Thanks for the clarifications. Of course, you guys are entirely correct that there are deeper goals within the elitist hierarchy.

An interesting point was made by Bill Buckler in his weekly Gold Commentary. The G-7's recent meeting came forth with the conclusion that currencies are to be more "flexible" which translated to many that the US Buck will find a much lower level. Buckler probes the rationale for this decision w interesting conclusions. Bottom line they came forth with this "goal", making it seem like it was their own desire, when in fact, it is written in stone because of market fundamentals. They couldn't change this dollar issue on a long term basis if they tried so might as well make it seem like it's what they want anyway.

Does this mean they will stop intervening and let the dollar collapse? Obviously not............see yesterday's market actions.

Gold.........? Buckler also reports that India just started paper gold trading YESTERDAY!! THAT oughta teach em a lil lesson, no? Not bad timing, once more, for a gold quash. It has also been brought out that all other markets were pretty much UP on the day but CLOSED by noon Fri, when silver was pounded first, followed by gold. Goldman and Morgan were the early identified sellers. It would be a shock to have it any other way, no?

Where to from here? Personally, I would NOT be surprised if this gold raid isn't already OVER. I'm not making that prediction but it is a clear possibility. CRIMEX doesn't have gold and silver all to themselves come Monday. They just pulled off an extremely obvious and contrived bear raid on gold in which gold enthusiasts were "JOBBED", and I'm totally serious.......I was kind in scoring this one a D+. Many of the gold loving 'insiders' are meeting in Calgary this very weekend and this "sucker punch" {being kind once more} will come to daylight for what exactly it was. Gold goes much higher, SOON!!

Paper players who didn't intentionally lose big money on gold and silver this last week...............our condolences to you, especially if this was your first trip down memory lane. If you're a repeat 'offended'.......hint, hint........figure it out. Fool me 16 times then shame on me and my impovereshed generations to come.

How{e} does one break the paper market's grip on gold? If one stays away then "they" can do whatever they want with it, being their own little playground. No, that's not it, CRIMEX must go the physical route. Play their paper game and take delivery of actual gold and silver, for without that action, the game continues in perpetuity. They just used our vulnerabilities to their advantage, hitting stop targets and making ninnies out of weak hand gold players; time to hit their obvious weakness.......PHYSICAL GOLD AND SILVER.........especially CRIMEX pyysical gold and silver. Where's the true "leverage" in the gold {& silver} market:

1. Mining shares?

2. Margined contracts?

3. Freeing gold from a contrived paper control by purchasing physical via CRIMEX?

Traditionally one thinks of the first two options as having the greatest leverage, but I'm beginning to have my doubts. What is keeping gold from $800 to $1000? Silver {especially} from flying much higher? Tis the paper price setting mechanism........nothing more, nothing less. Would it be that difficult to bust wide open? I don't reaslly think so for the gold price is set at the extreme margin.

Gold enthusiasts of significant size...........purchase on CRIMEX and take delivery. Smaller players........make sure you participate in the physical markets some how some way.

Gold CEO's..............Take down as many contracts as you are able and take delivery. Your shareholders will LOVE you and be indebted to you forever {see the GoldCorp profile}.

CRIMEX physical gold and silver in deliverable form is dwindling, why not speed up the process a bunch? Unless you're content with actions such as yesterday's $14 gold sell off, and silver's even larger % sell off. If this ridiculously blatant market manipulation doesn't make your blood boil over and say ENOUGH{!!!}..........then just hang around for more. It won't be far behind. Let's give these fascist jokers the F they so deserve.

Mad as Hell & not gonna take it any more! Smile.

[Edit]

mr terminator -- qwerty, 11:41:41 10/04/03 Sat

It's Hasta La Vista To $9 Billion If The
Governator Is Selected
By Greg Palast
10-3-3

It's not what Arnold Schwarzenegger did to the girls a decade back that should raise an eyebrow. According to a series of memoranda our office obtained today, it's his dalliance with the boys in a hotel room just two years ago that's the real scandal.

The wannabe governor has yet to deny that on May 17, 2001, at the Peninsula Hotel in Los Angeles, he had consensual political intercourse with Enron chieftain Kenneth Lay. Also frolicking with Arnold and Ken was convicted stock swindler Mike Milken.

Now, thirty-four pages of internal Enron memoranda have just come through this reporter's fax machine tell all about the tryst between Maria's husband and the corporate con men. It turns out that Schwarzenegger knowingly joined the hush-hush encounter as part of a campaign to sabotage a Davis-Bustamante plan to make Enron and other power pirates then ravaging California pay back the $9 billion in illicit profits they carried off.

Here's the story Arnold doesn't want you to hear. The biggest single threat to Ken Lay and the electricity lords is a private lawsuit filed last year under California's unique Civil Code provision 17200, the "Unfair Business Practices Act." This litigation, heading to trial now in Los Angeles, would make the power companies return the $9 billion they filched from California electricity and gas customers.

It takes real cojones to bring such a suit. Who's the plaintiff taking on the bad guys? Cruz Bustamante, Lieutenant Governor and reluctant leading candidate against Schwarzenegger.

Now follow the action. One month after Cruz brings suit, Enron's Lay calls an emergency secret meeting in L.A. of his political buck-buddies, including Arnold. Their plan, to undercut Davis (according to Enron memos) and "solve" the energy crisis -- that is, make the Bustamante legal threat go away.

How can that be done? Follow the trail with me.

While Bustamante's kicking Enron butt in court, the Davis Administration is simultaneously demanding that George Bush's energy regulators order the $9 billion refund. Don't hold your breath: Bush's Federal Energy Regulatory Commission is headed by a guy proposed by Ken Lay.

But Bush's boys on the commission have a problem. The evidence against the electricity barons is rock solid: fraudulent reporting of sales transactions, megawatt "laundering," fake power delivery scheduling and straight out conspiracy (including meetings in hotel rooms).

So the Bush commissioners cook up a terrific scheme: charge the companies with conspiracy but offer them, behind closed doors, deals in which they have to pay only two cents on each dollar they filched.

Problem: the slap-on-the-wrist refunds won't sail if the Governor of California won't play along. Solution: Re-call the Governor.

New Problem: the guy most likely to replace Davis is not Mr. Musclehead, but Cruz Bustamante, even a bigger threat to the power companies than Davis. Solution: smear Cruz because -- heaven forbid! -- he took donations from Injuns (instead of Ken Lay).

The pay-off? Once Arnold is Governor, he blesses the sweetheart settlements with the power companies. When that happens, Bustamante's court cases are probably lost. There aren't many judges who will let a case go to trial to protect a state if that a governor has already allowed the matter to be "settled" by a regulatory agency.

So think about this. The state of California is in the hole by $8 billion for the coming year. That's chump change next to the $8 TRILLION in deficits and surplus losses planned and incurred by George Bush. Nevertheless, the $8 billion deficit is the hanging rope California's right wing is using to lynch Governor Davis.

Yet only Davis and Bustamante are taking direct against to get back the $9 billion that was vacuumed out of the state by Enron, Reliant, Dynegy, Williams Company and the other Texas bandits who squeezed the state by the bulbs.

But if Arnold is selected, it's 'hasta la vista' to the $9 billion. When the electricity emperors whistle, Arnold comes -- to the Peninsula Hotel or the Governor's mansion. The he-man turns pussycat and curls up in their lap.

I asked Mr. Muscle's PR people to comment on the new Enron memos -- and his strange silence on Bustamante's suit or Davis' petition. But Arnold was too busy shaving off his Hitlerian mustache to respond.

The Enron memos were discovered by the Foundation for Taxpayer and Consumer Rights, Los Angeles,
www.ConsumerWatchdog.org

http://www.gregpalast.com/detail.cfm?artid=283&row=0

[Edit]

dotti -- qwerty, 11:07:43 10/04/03 Sat

>I think that it is easy to forget that there are many levels of power within what we call "the cabal".

that's some of the missing information to fill in

it be nice to definitively know

so you take your best educated guess

[Edit]

Questioner -- auspec, 09:09:08 10/04/03 Sat

Thanks for the Mining Quarterly! Nice surprise.

[Edit]

GATA re Howe Piece -- gata, 08:22:51 10/04/03 Sat

Dear Friend of GATA and Gold:

Reginald H. Howe, our consultant and proprietor of
GoldenSextant.com, has just completed a work of
great scholarship, originality, and perhaps historic
importance to Canada. It is an analysis of Canadian
law and history concluding in a proposal to use gold
to save the country from the coming collapse of the
U.S. dollar system and to keep the country together
amicably as a prosperous confederation of two
cultures.

In English, Howe's study is titled "Saving Canada
with Gold Grams." En francais: "Quebec Libre,
Gramme par Gramme."

While Howe is a U.S. citizen he has spent much
time in both Canadas and, as you may see from his
study, they may have no better friend and fan even
among their own 31 million people.

Anti-imperialist always, GATA congratulates Howe
on his work to keep "True North strong and free" and
commends it to our members and friends there.

You can find Howe's English translation here:

http://www.goldensextant.com/CanadaGoldGrams.html#anchor2

And in French here:

http://www.goldensextant.com/CanadaGoldGrams-French.html#anchor30262

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

[Edit]

Gold{R}us -- auspec, 07:56:07 10/04/03 Sat

"...........commercial inaccessibility of much of the Russian and Central Asian interior."

Maybe we just need a PIPELINE.........smile.

[Edit]

@Netking, All -- goldus, 07:04:49 10/04/03 Sat

Good posts all around ER lately.
I've just revisited the first rate exchange between Tai and David Guyatt about black gold(the metal kind) and related analysis at ER's Forum 2. Only a few months old yet most topical.

Russia for oil. Russia for food? Interesting fuel report from an agricultural perspective.
Truly, suppression of alternative energy is unsustainable.
Developed countries such as Russia are experiencing similar soil degradation and pest problems.
http://pinr.com/report.php?ac=view_report&report_id=97&language_id=1
"Russia's Newfound Influence"
October 02, 2003 -Excerpts:
"How Putin balances Moscow's relationship with the United States with those of the group of Eurasian powers with whom he also deals is the key to Russia's future alignment and well-being in a world of shifting geopolitical alliances."

"Russia is one of the leading producers and exporters of oil, and this fact will inevitably become a greater factor in how Russia is geopolitically handled by the global community. Indeed, the United States just began importing Russian oil for the first time. In the past, Russia's oil production -- percentage-wise less than it is now -- was less influential, as the Gulf states and Africa, as well as Venezuela and Mexico in Latin America, were able to satisfy the needs of an ever expanding U.S. market. But now the political shifts caused by two wars in Iraq, growing tensions between Washington and the Saudi monarchy, and open conflict between the administration of Hugo Chavez in Caracas and Washington has increased the marketability of Russia's liquid gold despite the commercial inaccessibility of much of the Russian and Central Asian interior."

"Powerful and growing countries in the region such as China and India represent possible partners for the Russian Federation in a potential Eurasian alliance hoping to add weight to the idea of a "multi-polar" world."
Report Drafted By: Matthew Riemer
Permission to repost these portions of this PINR has been granted under the Fair Use Clause of International Copyright Law.

[Edit]

auspec, qwerty, et All -- dotti, 05:48:31 10/04/03 Sat

Thanks auspec for your excellent analysis of the quashing of gold yesterday. When I saw gold down $14, it didn't hurt. I even felt an inexplicable sense of relief. When I read your post, it clarified things for me. Thanks.

With regard to the dialog:

>those that rig this game haven't really thought all this out very clearly and don't have a legit long term strategy

I think that it is easy to forget that there are many levels of power within what we call "the cabal". At the top of the chain are the Rothschilds, Rockefellers, etc. They are never fooled. I suspect that since 1913 they have been planning to fill their coffers with the people's gold. They may have made adjustments to their plan from time to time--something may have come sooner or later than expected--but on the whole, they planned that the people's gold would be taken from them and that in some way it would be transferred to their personal wealth.

Their minions think in more temporal terms--and allow themselves to be fooled by optimism. AG&Co. let their pride, call it arrogance if you will, cause them to believe that they could run this game forever. Those in the shadows never expected that. Their roots--in power for centuries--have seen pride fall many times and rely on solid analysis and proper interpretation of human nature. Their control extends through the political and news media over the peoples of the world. Banking is at the top of the chain--over politics. It is Biblical--the money changers.

It will be interesting when we do get an "analysis" of the quash.

It will be infinitely more interesting when the first default on a physical delivery becomes known.

Hello!?!?!

Take care, All.

dotti

[Edit]

auspec -- qwerty, 22:40:07 10/03/03 Fri

>those that rig this game haven't really thought all this out very clearly and don't have a legit long term strategy

they have enough money to afford the some of the best talented gold traders in the business. combine that with access to inside information and the taxpayer funds and one has one hell of a game strategy

i think they have thought out their long term gold strategy

the cabal thinks in 30, 50, 100 year plans

it doesn't take much genius to figure out that if one strangles prices hence new exploration, one will run into supply problems at some point

they obviously are playing for time and a higher gold price and lower dollar fits with their strategy in the future

[Edit]

EATING FOSSIL FUELS - FTW -- Netking, 22:03:14 10/03/03 Fri

http://www.fromthewilderness.com/free/ww3/100303_eating_oil_summary.html

"....What follows is most certainly the single most frightening article I have ever read and certainly the most alarming piece that FTW has ever published. Even as we have seen CNN, Britain's Independent and Jane's Defence Weekly acknowledge the reality of Peak Oil and Gas within the last week, acknowledging that world oil and gas reserves are as much as 80% less than predicted, we are also seeing how little real thinking has been devoted to the host of crises certain to follow; at least in terms of publicly accessible thinking.

This article is so serious in its implications that I have taken the unusual step of underlining 26 of its key findings. I did that with the intent that the reader treat each underlined passage as a separate and incredibly important fact. Each one of these facts should be read and digested separately to assimilate its importance. I found myself reading one fact and then getting up and walking away until I could come back and (un)comfortably read to the next.

All told, Dale Allen Pfeiffer's research and reporting confirms the worst of FTW's suspicions about the consequences of Peak Oil and it poses serious questions about what to do next. Not the least of these is why, in a presidential election year, none of the candidates has even acknowledged the problem. Thus far, it is clear that solutions for these questions, perhaps the most important ones facing mankind, will by necessity be found by private individuals and communities, independently of outside or governmental help. Whether the real search for answers comes now, or as the crisis becomes unavoidable, depends solely on us. It is also abundantly clear that fresh water, its acquisition and delivery, is a crisis that is upon us now as certainly as is Peak Oil and Gas.

Here are just of few of the report's key findings:

1. In the United States, 400 gallons of oil equivalents are expended annually to feed each American (as of data provided in 1994).7 Agricultural energy consumption is broken down as follows:

· 31% for the manufacture of inorganic fertilizer (excluding feedstock)

· 19% for the operation of field machinery

· 16% for transportation

· 13% for irrigation

· 08% for raising livestock (not including livestock feed)

· 05% for crop drying

· 05% for pesticide production

· 08% miscellaneous8

2. To give the reader an idea of the energy intensiveness of modern agriculture, production of one kilogram of nitrogen for fertilizer requires the energy equivalent of from 1.4 to 1.8 liters of diesel fuel. This is not considering the natural gas feedstock.9 According to The Fertilizer Institute (http://www.tfi.org), in the year from June 30 2001 until June 30 2002 the United States used 12,009,300 short tons of nitrogen fertilizer.10 Using the low figure of 1.4 liters diesel equivalent per kilogram of nitrogen, this equates to the energy content of 15.3 billion liters of diesel fuel, or 96.2 million barrels.

3. Between 1945 and 1994, energy input to agriculture increased 4-fold while crop yields only increased 3-fold.11 Since then, energy input has continued to increase without a corresponding increase in crop yield. We have reached the point of marginal returns. Yet, due to soil degradation, increased demands of pest management and increasing energy costs for irrigation (all of which is examined below), modern agriculture must continue increasing its energy expenditures simply to maintain current crop yields.

4. The U.S. food system consumes ten times more energy than it produces in food energy. This disparity is made possible by nonrenewable fossil fuel stocks.

5. Unfortunately, if you remove fossil fuels from the equation, the daily diet will require 111 hours of endosomatic labor per capita; that is, the current U.S. daily diet would require nearly three weeks of labor per capita to produce...."

Fair use copyright yada yada etc

Comment: Now what was that comment made by Hank about the A-Rab's 'n Oil....Hmmmm.

[Edit]

Day Traders R Us Mentality? -- Netking, 21:52:59 10/03/03 Fri

The recent P-A-P-E-R PM price action changes nothing, zip, unless your interest is very short-term and only paper based....for my camp it's "Accumulation Mode R US"...Yee Hah!

Larry - Thanks for the link, will study this tonight.

[Edit]

Anatomy of a Gold Quash -- auspec, 20:59:13 10/03/03 Fri

How is this latest gold action going to stand up vs the test of time? Compared to the Bank of England announcement that they were auctioning off gold? Compared to the Bre-X scandal? Is this one the big one we've all been looking 4?

Did the likes of the lovely Aden Sisters, who pulled the plug on gold recently, or Weiss & Associates precipitate this downtrend...or did they simply perform the service that their paying clients expected? Scorn the "traders" as opposed to the "shoot the moon" players? Does only Sinclair know what he's doing and the rest are rank amateurs? Does Sinclair have some sort of hero complex that makes him think he's the annointed one, and if only everyone would listen to him all would be well in the world of gold. Did he make a mistake in comprehending all the various players in the market?

Lots of questions for sure. Personally, I don't think this $14 blip is going to amount to anything more than a speed bump as the next few months play out. To think that the gold quashing boyz are incapable of turning the market bearish, at least in the short term, is to fully underestimate our opponent. They simply ran the obvious stops in a contrived paper game. That is hardly any surprise and doesn't even fall on the same scale as Bre-X or the BoE announcement. This is what the paper game is 4, no? When there are something like 90 or so more gold derivatives for ounces of gold than ounces of gold that exist it's not too hard to have paper cover rock, like in the game many of us played as kids. There are MANY reasons that $395 or $400 have to be defended mightily, but they will fall as have all the other "critical" levels. For you see.........those that rig this game haven't really thought all this out very clearly and don't have a legit long term strategy........only short term reactions. Sound familiar {Iraq}? Fiat does as Fiat is.

So, gold was down about $14 today alone and silver down an even bigger %. Did something happen today that changed the long term fundamentals of both of these metals........at exactly the same time? Please explain it if U can.

The fools that blindly play the paper gold games are the ones that bring about these gold dips, but of course they're not all being taken for a ride. Tis a game of momentum and only needs a few gold "gurus" going offside, a few "funds" joining in {as part of the strategy}, and some weak hand gold holders and VOILA..............gold gets trashed. Right at noon today........the bottom fell out in an obviously coordinated manner. The paper game is rigged and most anyone who lost money this last week in it, unintentionally, has played the sucker. Much better odds in Vegas. Much better odds beating cancer. Pretty much on a regular 8 week schedule as recent cyclical charts have shown. Painfully obvious and also obviously desperate. The guyz who run CRIMEX are sharks and they pay big money {the "locals"} to get to rip the faces off of the largely unsuspecting public. There are "Funds" out there that play along with the gold quash.........they could care less if they make money or not...the primary objective is gold and silver CONTROL.

Will Sinclair, Dr Huang, Asians, Middle Easterners and the buying cartel show up soon and put in a floor on this market? Yea, it won't take long.

How to grade this particular gold quash? Nothing imaginative about it. The effect is not likely to last more than a week or so. All they accomplished was to let a little steam out of the market. No psychological damage like w the BoE announcement when so many who thought Britain was a FRIEND of gold were fooled. It happened shortly enough after the recent IMF meetings to look contrived..........exactly what so many of us were looking for. Also @ 12:00 on the last trading day of the week....no time to allow response. A bogus and meaningless jobs report, insinuations of CB gold sales for the gazillionth time thrown in for old times sake. Fool us once, shame on you...........fool us 22 times........shame on many of us. Watch India, Turkey, China and the current gold accumulators light up in anticipation next week. Smart money knows. This gold quash gets a D-.........totally predictable, unimaginative, obviously timed, and with little or no lasting effect.

If you own paper gold and think you really have something tangible...........just try to take posession. Good luck.

Where to from here.......? We build up momentum, once more, for the next 8 weeks. Another showdown. $400 is still the focus as that is where the EW boyz throw in the bearish towel and that's now what it will take, approx, to break through a contrived double top around $390 or so. If you want some more gold or silver stocks, or some more gold or silver.............CRIMEX is now holding a going out of business sale. The New Orleans Conference will be held in late October and there will be, once again, awesome gold enthusiasm abounding.

Trade your stocks and gold if you care to, hold em if U like, play the paper game if you insist, but know yourself and know your market. Freaking out? Freaking out? There's NO freaking out in Gold!!

[Edit]

Black friday -- SLATT, 20:23:40 10/03/03 Fri

Where is the strength in POS if it drops 5.5% in NY? Where is the strength in POG if it drops 4.2% in NY?

There is a long way to go down (GULP!) before experiencing Prechter redemption, but is this the beginning?

[Edit]

tom obrien -- qwerty, 19:08:38 10/03/03 Fri

tom o'brien said gold contracts went down on low volume

stops and weak hands flushed out

that's real bullish

[Edit]

auspec -- qwerty, 19:00:41 10/03/03 Fri

bush is just too blatant about it

i wouldn't even waste my time having a discussion about it

same as i wouldn't waste my time talking about the bear market in gold which would actually be better ... at least i could say to whoever thinks that ... sell all gold investments etc ...

political stuff is pretty much out of the bag for all to see ... if one doesn't see it ... that's fine ...

i prefer to just move on to talk about something else

[Edit]

qwerty -- auspec, 18:03:36 10/03/03 Fri

"i would also not think too much of sincerity quality and especially hudgement if i thought that

you gotta do what works for you to compensatew

we all have our weaknesses"

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

There's probably room for discourse if we can find a common language..............

I thought sincerity was all that mattered? Right or wrong like JS?

[Edit]

The Bloody British -- auspec, 17:44:11 10/03/03 Fri

Just finished reading the Oct issue of Richard Maybury's excellent Early Warning Report..in which he details Britain's sordid past of war mongering. All well and good and historic, but this issue also pretty much blames the Brits for getting us involved in Iraq. "The bloody British made us do it" defense.

There can be no doubt that the Brits conspired to involve the US in both World Wars. There can be absolutely no doubt that there are elitist ties between these two nations that make blood thicker than the water that separates. I guess IF one could go back to PNAC and find British hands and minds all over those documents one COULD implicate the British in our current Iraquagmire. Personally, I don't think Horowitz, Rumsfeld, Cheney, Kristol and the lot really needed that much goosing to get involved overseas. And this comes from a bloke that has repeatedly stated:

"ALL ROADS LEAD TO LONDON"

One simply has to see who ends up with the spoils of war to understand the perpetrators. The Anglo/American alliance will pretty much divvy up the booty as well as the blame for this fiasco. Blame it all on the Brits for deceiving us? I hope that is completely laughable..it is to me for sure. If we're really that incompetent we're much worse off and dangerous than I would ever dream.

Does Maybury fully comprehend the elitist ties that exist between these two countries? Bilderbergs, Trilats, CFR, etc, etc? The Brits {Royals} can be blamed for much of what has ailed the planet for the last 300 plus years {plus some credits along the way} but to put this current war on terrorism at the feet of them is silly, imh&so. In fact, I'm gonna attemp to send him this post.

Thanks for hearing!

auspec

P.S. The term "bloody British", like many terms of language use came about for excellent reason.

[Edit]

sinclair -- qwerty, 17:22:27 10/03/03 Fri

interesting letter to sinclair

increase in jobs in retail

[Edit]

the cabal has shown it's weakness -- qwerty, 17:20:29 10/03/03 Fri

noon time friday attack ...

they didn't want to give it time to recover

if they hit it in middle of week, it would have been a attack with balls to it

the given the timing of the attack is a sign of weakness

we may get a strong spring back in near term

[Edit]

auspec -- qwerty, 17:13:08 10/03/03 Fri

>I also happen to think that gwb is sincere

i would also not think too much of sincerity quality and especially hudgement if i thought that

you gotta do what works for you to compensatew

we all have our weaknesses

[Edit]

qwerty -- auspec, 16:57:41 10/03/03 Fri

From your post:

"if sinclaire sincere about what he says, what else can you ask of him ... sincere people call it the way they see it ... not important that they are right or wrong"

Maybe that works for U, but not this bloke. I also happen to think that gwb is sincere for whatever that is worth. Lotta good that's done us.

Both these guys slept through humility class {not that I was present and awake}................nada mas, nada menos. It's not 2 much to ask...........

Ya troll the public waters......better be prepared to catch an ugly Bonita or two here and there. Otherwise keep your bait in the boat. Believe me........he gives out far more heat than he takes in.

[Edit]

vWG {von Wolfgang} -- auspec, 16:49:26 10/03/03 Fri

Hello Friend,
Your travels sound marvelous..........would like to follow in your footsteps one day. Greek Isles? Would work 4 me.

Our Austrian friend would like to contact U but has misplaced your #/e-mail. Can U either contact him or send your e-mail to Rex for me to forward on? Thanks.

We saw the paper games played out in spades 2day for sure. Set em up and mow em down. We all knew the setup was ripe, but few took actions as you did. Tis merely a speed bump and they take less and less time to traverse these days. I can recognize a full blown gold mania, we're still due for one..............& this last bullishness clearly doesn't qualify.

Those 2 stox U mentioned are also just warming up.

Thanx for writing!

auspec

[Edit]

comex paper gold longs don't help the price of gold -- qwerty, 15:54:20 10/03/03 Fri

paper longs don't help the price of gold

i think clearing them out on the stops is good

if i had a vacuum cleaner that could do the job, i'd
vacuum away the long paper speculators at least once a week

they do damage to the price of gold in this type of rigged market

using margin or going for short term profit is like visiting a casino where the rules and odds favor the casino

if you plan on going, you better have some workable game plan especially when one is dealing with the cabal

gold may not go up as fast but the paper game would be severely damaged if longs refused to play ... nobody to take other side of bet

i think many play for one reason - IT IS ACTION ... IT JUICES THEM ... the excitement, anticipation etc ... winning the money is just an excuse ... it is just gambling ... a slot machine would bore them ... some even have money to throw away and don't care

others play because they are playing on the side that has the fix in the crooked game ... they are playing smartly

[Edit]

gold went down big on no news -- qwerty, 15:35:52 10/03/03 Fri

gold went down on essentially no news

especially no gold negative news

that tells alot

the employment figures were a joke

if bush ordered the cabal to get the price to $305, i have no doubt they could do it

they can control the paper but not the gold itself

if the gold longs just bought the paper to get possession of the gold, we'd be fine

it's when the paper longs just buy for the paper profit and don't want the metal

without anybody to take the other side of the short bet, the cabal would have more difficulty playing the paper game

the comex paper SHORTS need comex paper LONG to take up the other side of the bet ... it takes two to tango

what if the comex paper longs refused to play the game except take delivery of gold ... what would be the consequences

the major question will be - how long will it take the comex gold price to snap back above 380

this seems like it is just going to build a stronger brick wall of resistance under the gold bull

veneroso said that gold will go up high but will have a lot of volatility to match ... this will keep the more naive public out of the gold investment until it goes to higher levels which is good for us

we will be so use to volatility that it won't bother us as much at much higher levels either

auspec ... if sinclaire sincere about what he says, what else can you ask of him ... sincere people call it the way they see it ... not important that they are right or wrong

[Edit]

qwerty -- auspec, 13:39:02 10/03/03 Fri

I have absolutely no doubt that Sinclair is sincere.

[Edit]

journeyman -- qwerty, 12:17:44 10/03/03 Fri

========
In a pugnacious speech to a meeting of women supporters in Caracas, the left-wing Venezuelan leader also criticized the United Nations as a "dialogue of the deaf" and said it was not worth speaking at the international body.

==========

notice how they portray him as "left-wing" ... it's a nebulous label meant to demonize him in the eyes of the stupid american public

such labeling is the footprint of a controlled media

henry hyde who publicly supports such operations is nothing but a thug who uses ideological discourse to convince the brainwashed public

euro may have some weight on their decision to target venezuela but oil has been the primary motive

[Edit]

Gold setback @auspec and all -- Wolfgang, 12:00:05 10/03/03 Fri

Hi auspec,
this setback makes me laugh, because I sold 90 % of all my gold/silver stocks in the previous rally . The rest is in cold € cash and physical Coins/Bullion. The gained proceeds show now up in my new IRS declaration, so what, that`s o.k.

I just returned from Greece,region Makedonia, City of Thessaloniki, the birth place of Alexander the Great. A wonderful charming and warm dry place where you can spend your holidays in a very relaxed matter, with Greek cheese , honey , olives and red wine all along the charming shore with pine trees and white sand in contrast to green shimmering super clean water.
I visted the Archaeological Museum there and learned some more about the origin of the bimetallic money standard of the old antique greecs.
Introduced in the 6th ct. BC the first coins struck were made of electrum (alloy between Au/Ag) and became the money standard for several following kingdoms, such as Alexander the Great and others. The last king holding onto the gold and silver coin standard was king Philip the fifth. He shortly returned to coins as money to finance a long war with neighbours after having declined paper money, which was not sufficient to convince warriors to raise their sword and risk their lives to defeat the enemy.

Next to the village of Olympias in Makedonia is an old rich mine, which will be reconstructed and soon be reopened. Negotiations with a Canadian co. to buy up the property are still running. Reminds you auspec and c2b of XCL or Bralorne Pioneer. no ?

regards

Wolfgang

[Edit]

Thanks! @Frisco Fred & QWERTY (ALL) -- journeyman, 11:39:22 10/03/03 Fri

Hi @Frisco Fred & QWERTY ALL!

The article you linked in which AP reports Venezuela's U.S. Ambassador Shapiro claims assassinateing a presiednt may not be illegal is very interesting, particularly in light of a recent Reuters article, Venezuela's Chavez Blasts U.S. Over 'Terrorist' Plot, Wed September 24, 2003 04:49 PM ET [link may have expired]

This is all particularly relevant in terms of "dollar diplomacy" (that is, destroy anyone who want's to stop using the dollar). You can get a pretty comprehensive picture of the case for such dollar diplomacy -- and Chavez's particular part in the article linked below. Look particularly for the heading "Venezuela."

L. Reichard White, War and the Paper Standard, SierraTimes http://www.sierratimes.com/03/08/25/l_r_white.htm

Regards,
Journeyman

[Edit]

No cry babies here -- volavka, 11:05:00 10/03/03 Fri

Churchill," you gotta lite um up to smoke um."
Specs puked out with fast mkt fall thru 6 levels of stops.

Burn baby burn, can't take heat get out.
Big money will not let YOU GET RICH thinking you will.

Sit tight and be patient. Gold will be 650 before end of year.

[Edit]

auspec -- qwerty, 10:59:38 10/03/03 Fri

>sinclair
>that ego will need to be put

ego is irrelevant

it's all about sincerity

in a manipulated market, i wouldn't count on technical analysis except that the cabal does their attacks based on technical analysis points

the cabal attack usually begins about 12 noon ...

[Edit]

major attack on gold -- qwerty, 10:36:34 10/03/03 Fri

this is the type of attacks on gold i have been expecting for a long time

i'm waiting for gold at 305

anybody going long with paper on the comex deserves what they get

any real big money should just buy the bullion

people want to play the rigged comex market ...

they should expect to be burnt or willing to take the risk

the comex paper is really only for the savvy and well financed traders

i would just keep buying gold on a steady basis if i had big money and not worry about the manipulation

the interesting thing will be the analysis of what happened after the market closes ...

was it stops being run

was it bullion being dumped

if it was bullion being dumped, that would be great news

remember the drop from 328 to 305 ... that really scared a lot of people

the strong hands will see this as a temporary set back in a long term gold bull market

people who don't have much money ... relatively poor ... should not be in bullion because it won't make a major difference in their wealth ...

if you have $10K and gold goes up to 1200 then they are at about $30K ... essentially they are still slaves ... how long 30K going to last after the elites juice you ... they should be in shares and be willing to take the volatility and have a lot of patience

for people who already have over 500K, they have the luxury of putting their money in bullion

the 14 dollar drop doesn't even phase me because i have been waiting for it ... if i was the cabal, i would spring this type of attack on the gold investors to hopefully ruffle their feathers, make them give up and demoralize them

notice all the mainstream positive comments on gold ... they usually precede any attack

any naive investor thinking about getting into gold would be scared out

this should make the gold bull stronger although some repair of technicals will need some time

people who look at their gold stocks on a daily basis just to see how much they are up or down are just setting their selves up to be demoralized unless they are active traders or have cash to buy on weakness

personally, i don't care how much gold stocks are up or down since i am really interested in collecting the big payoff ... it's fun watching them go up but it isn't going to make a whole lot of difference at these levels

this is the gold market we are in and volatility is part of the game

interesting that veneroso and h. schultz ( i don't really trust this guy ) maybe had inside info on the coming attack

we all just need to wait it out till the supply issue becomes the predominant force

[Edit]

Curses...........Foiled Again! -- auspec, 10:03:37 10/03/03 Fri

From Jin Sinclair this AM:

"There seems to be a multi-dimensional, positive impetus to gold which is shown in this morning's trading."

"I will report to you again at Mid-day."

Jim Sinclair is a real piece of work. Other than Sir Harry and Jim's friend, Kenny...........JS believes and continues to express that no one else in the gold advising community knows what they are doing. He has also clearly stated that the other CEO's of gold companies are almost ALL incompetent or untrustworthy. Pretty heady stuff there. Of course, I'm riding his ego for a few nickels via his TNX {smile}. I actually like his analysis and most of his advice, but that ego will need to be put in a museum when he's finished with it.

If everyone had just taken his advice the world would still be spinning on the correct axis {around JS}.

Tweeking along,

mini

[Edit]

start buying when -- volavka, 09:21:28 10/03/03 Fri

dec gold hits 373.00, low for day.

[Edit]

start buying when -- volavka, 09:21:04 10/03/03 Fri

dec gold hits 373.00, low for day.

[Edit]

Silver -- Galearis, 09:01:32 10/03/03 Fri

No surprise that silver is taking a bashing this Friday. Support at $4.80 and I wouldn't be surprised to see it here either. Mind you with the USdollar decline, this is, off the top of my head, equivilent to the $4.40 level of early this year. No bull market for silver is possible with this level of control/manipulation. The recent rise is cosmetic but orchestrated to still keep this market too unattractive to bring investment attention. The only reason for this rally is to make the market look less silly as compared to gold. We will still have to wait on a silver delivery default on the Comex, or for the PRC to turn off the leasing tap. That is the sad reality IMO. This could go on for two years....or end, as Ag Eagle says within a few months.

Murray: there's an interesting letter from Savoie at http://www.silver-investor.com/edmondson.htm

[Edit]

ciarus -- qwerty, 07:47:01 10/03/03 Fri

the very troubling thing about the CIA and UK intelligence services

where are they in regards to 911

and the fraudulent war on terrorism

restricting dissent to just the iraq war seems very orchestrated ... the elites use it to sculpture events

this gives people the illusion that there is some sort of healthy opposition when it is basically the same group acting in different acting roles

more than a few fbi leaks and fbi people on 911 seem intentionally orchestrated to cover up 911 treason

whatever the intelligence data said on iraq and saddam, it would still be irrelevant in regards to attacking iraq

congress and parliament had to know the intelligence was bogus. if we could figure it out, what excuses do all those treasonous people in legislative position have

what excuse do they have passing the patriot act - NONE

they knew what they were doing ... if we had a real investigation, we'd likely find a large conspiracy among members of congress to intentionally destroy the constitution

the radio talk shows are still harping on saddam hiding weapons of mass destruction ... the radio talk shows are the wmd - weapon of mass deception

[Edit]

Goldwater -- volavka, 05:58:01 10/03/03 Fri

bought it; symbol bugs.

[Edit]

Iraqgate -- CIARUS, 00:36:00 10/03/03 Fri

David Kay reported to closed-door sessions of the Senate and House Intelligence Committees that:

Five months after the end of the war in Iraq, the 1,200-strong CIA-led Iraq Survey Group [with no resource spared]has discovered NONE of Saddam Hussein's alleged stocks of chemical and biological arms. Jack Straw, the UK Foreign Secretary, repeated his conviction last night that Saddam posed a real threat, even though it was not certain whether the threat was imminent or long term [or even what is defined by the word "threat"]. Tony meanwhile continued the rhetoric with Blair attempting to defend the war last night by claiming that the Survey Group would prove Saddam Hussein had breached UN resolutions which demanded full disclosure of his WMD programmes.

[Edit]

Arrogance Goes Before the Fall -- auspec, 20:35:18 10/02/03 Thu

'Twas recently reported by the Privateer that when GWB just spoke before the UN that he received a muted degree of applause. President Bush then proceeded to exit the facility as Chirac approached to speak........not bothering to even listen to the Frenchman. Chirac received a hearty ovation after his speech.

UN applause...........?? Please, who really cares. A diplomatic slight by Bush? Par for the course. Complete arrogance.................?? Most definitely, also a par.

Here's a few snippets from a recent article by Jim Lobe in IPS News:

{http://www.ipsnews.net/interna.asp?idnews=20403}

Fair use copyright thingy........educational for those w 1/2 a brain and some degree of vision. Simply insulting to the rest so will have to qualify some other way.

SNIPS:

POLITICS-U.S.:
The Blood Starts to Flow

Analysis - By Jim Lobe

WASHINGTON, Sep 30 (IPS) - To say that there's blood in the water and the sharks are circling around the Bush administration's Iraq policy would be understatement at this point.

It is more like a blood bank has been dropped into the water, sharks have just taken the first bites, and Amazonian piranhas are clamouring for visas on an expedited basis.

The Bush administration -- including virtually all of its top officials, from Pentagon chief Donald Rumsfeld to National Security Adviser Condoleeza Rice -- is on the defensive. Not only have the president's approval ratings plunged to the lowest level in his term, but his administration has opened a potentially lethal credibility gap on so many different fronts that reporters hardly know which one to write about.

The Justice Department's announcement Tuesday that it has launched a formal investigation at the behest of the Central Intelligence Agency (CIA) of the identification by as-yet unidentified ''senior White House officials'' of a covert CIA agent is just the latest of a series of brewing scandals that are likely to dominate the media agenda in the coming weeks and months.

It now appears that Iraq never reconstituted its WMD efforts after the first Gulf War in 1991.

The failure of chief WMD hunter David Kay and his team of 1,400 troops and experts to find any evidence of WMD after four months of scouring Iraq has now created a major credibility problem for the administration.

It has retreated from its earlier promise to release Kay's report when it was filed, and most experts do not expect early disclosure. No matter, the damning details -- no evidence of WMD -- are being leaked to Congress and the media.

''It appears, and I hate to say this, that the Iraqis were mostly telling the truth,'' said Joseph Cirincione, a weapons specialist at the Carnegie Endowment for International Peace. The corollary -- that the United States was not -- is being increasingly embraced by Democrats running for president.

Lawmakers are also increasingly unnerved by the extent to which Bush's and Cheney's political and business cronies appear to be profiting from the Iraq war and its reconstruction.

Congressional complaints have already resulted in the decision to rescind a huge no-bid contract that went to Halliburton, the giant construction company that Cheney headed (and retains an interest in) before becoming vice president.

But evidence that Bush's major campaign contributors and associates are looking to make big money in the reconstruction effort is growing almost daily; indeed, the administration's opposition to inviting the United Nations or other countries to take a bigger role in the effort is increasingly being attributed to the White House's desire to pass along the goodies to its supporters back home.

''By treating contracts as prizes to be handed to their friends, administration officials are delaying Iraq's recovery, with potentially catastrophic consequences,'' warned Harvard economist Paul Krugman Tuesday in a 'New York Times' column that charged the administration's beneficiaries with ''war profiteering''.

Not only did post-war planners fail to anticipate the armed resistance that has killed U.S. soldiers at the rate of one every 36 hours, but they also completely underestimated the frailty of Iraq's infrastructure.

And now there is this week's big scandal: the apparent involvement of ''two senior White House officials'' in leaking the name of a CIA agent in retaliation for her husband-diplomat's role in discrediting Bush's contention in last year's State of the Union Address that Iraq tried to buy uranium yellowcake from Niger.

The case revolves around retired Ambassador Joseph Wilson, who travelled to Niger in 2002 at the CIA's behest, to check out the story (which turned out to be based on forged documents).

His conclusion -- the story was a fraud -- was reported back to the CIA many months before Bush gave his address. After the Iraq invasion, Wilson published an article in the Times that recounted both his trip and his conclusions, noting also that he had been told by the CIA that Cheney had explicitly requested that the story be investigated.

Short after the appearance of Wilson's article, at least six reporters, including right-wing columnist Robert Novak, were informed by ''two senior White House officials'' that Wilson's spouse, who they identified by name, was a covert CIA agent working on non-proliferation issues who had urged that her husband be assigned to go to Niger.

The apparent intent was to discredit Wilson, although Wilson has said it was designed to demonstrate to other former and serving officials that they would pay a price for crossing the administration.

Under a 1982 law, identifying a covert CIA agent is a felony punishable by 10 years in prison. The CIA filed a complaint invoking the law with the Justice Department shortly after Novak's column appeared, and three weeks ago turned in the paperwork required for the investigation to proceed. The Justice Department announced Tuesday that a probe had been launched.

But, based on what is already known by the press -- including the reporters who were contacted by those two, still-unnamed, ''senior White House officials'' -- there appears little doubt that a very serious felony has been committed and that a major scandal is in the offing. (END/2003)

Comments: It's the scandal a month club in DC and has been for quite some time. Too bad all these new honesty advocates couldn't have spoken up earlier and prevented this current Iraquagmire. Better to wait until political hay can be made, apparently. These present official fools will throw the country back into the hands of the Demopublicans........as though THAT would actually help anything. Hegelian dialect, no? 2 party system..........my aching bottom!

Bush will have to distract again, seriously, over the coming 13 months. Pride makes MANY errors........opportunity galore.

Outing a cia operative? Tis a no-no......& you'll never hear it from me that Murray is one.

Does gold have some peculiar attraction for nervous Nellies or what? Sheesh! King of Metals, but not King of mettle. Weak hands...............buy a binky.

mini

[Edit]

beesting -- qwerty, 15:44:34 10/02/03 Thu

people have to remember that if it weren't for the legislators and governors in all the states voting to bring in an auditless voting system, it would not be an issue

one can say all the bad things about congress they want but the rot in the system goes all the way down to the state level on a grand scale also ... just add up all the legislators and governors

even the state legislatures are ushering in the police state and complicitly handing over all their state power to the federal government ... they throw in some fake conflict just to make the voters think they are eoing something about it ... same thing happens between bush and congress

on the state level, the voters turn a blind eye to so much corruption ...

the failure of people has taken place on a staggerring scale ... people don't seem to notice much

people talk about the "neocons" ... that is only language created by the NWO to limit the amount of fallout ... a form of damage control to keep all those names of other politicians clean ... the neocons seem to consist of just a small group ... somehow, this small group is responsible for ushering in a police state and destroying the constitution and bringing in siebold voting ... i think not

overwhelmingly, the politicians keep real quiet about the treason of 911

a government for the sheep, by the sheep's masters

[Edit]

Expose' On Black Box Votes! J-man, qwerty, all. -- beesting, 11:59:30 10/02/03 Thu

This(shocking?) news is being compiled in New Zealand. We are being asked to PLEASE pass it on.

http://www.scoop.co.nz/mason/stories/HL0310/S00013.htm

or try:

www.scoop.co.nz/mason/

The short version
of the story is relatively simple.In the course of investigating the
issue of the integrity of new electronic voting machines Bev Harris
learned that people around the world had been downloading from an open
FTP site belonging to Diebold Election Systems one of the leading
manufactures of voting systems.This website contained several gigabytes
of files including manuals, source codes and installation versions of
numerous parts of the Diebold voting system, and of its vote counting
programme GEMS.Realising we had stumbled across what might be the
equivalent of the Pentagon Papers for elections, the full contents of
this website have been secured around the world at several locations.
The original website was itself taken down on January 29th 2003.We can
now reveal for the first time the location of a complete online copy of
the original data set. As we anticipate attempts to prevent the
distribution of this information we encourage supporters of democracy
to make copies of these files and to make them available on websites
and file sharing networks.

[Edit]

gold down -- qwerty, 11:27:58 10/02/03 Thu

when one takes into account the falling of the dollar
gold has done a steep cabal correction in gold

we have been through this many times before so this isn't new for us

[Edit]

journeyman -- qwerty, 09:47:53 10/02/03 Thu

I don't have the AP link ...
many years back, i use to have access to the AP and another wire service ... a lot of stories never made it to newspaper print or was edited

such a comment fits with what the politicians in washington do quietly behind the scenes ... they knowingly support international murder and mass murder operations on a broad scale around the globe and have been pretty blatant about it for decades ...

most of the public simply does not care ... on the other hand, the public will brim with anger at any perceived attack on america even though imaginary ...

people have an amazing ability to dis-associate things and events ... compartmentalize

besides international murder, congress also supports domestic murder

a lot of murders in military ... the cabal ( probably pentagon ) has even created www.militarycorruption.com to intercept people reporting it ... so much of the media is tainted and people just don't know their walking into an counter-intelligence operation to head off the leaks on treason

just imagine how much is reported by politically naive people whose story never sees the light of day

politically speaking, countries are like stock markets ... they have their bull and bear markets ... america is in a political bear hence politically dangerous

until the political bear has run it's course ... until america goes through the overt "domestic terrorists round up" and maybe even "aushwitz" phase of american citizens and american citizens wake up to some degree, it won't get better ...

there will need to be a lot of political casualties of the sheep in america before anything changes ... america becomes a more dangerous place to be as we pass the 911 juncture in history

as soon as gold goes, i'm looking for another place that is not as much in a political bear type market ... can't control the oncoming train but maybe some control over being on the track when it does arrive with it's full gusto

for people with resources and who remain in the US, it's best to find the states that have the most opponents of the patriot act

if arnold becomes governor, complete gun control just gets closer

i did not know this but at least some states can put people on a passport denial list ... if people wait too long, even the door out may close

we have a government, by the sheep, for the sheep

[Edit]

journeyman -- FriscoFred, 09:17:52 10/02/03 Thu

The Chavez article can be found on VHeadline.com
International. It was an AP dispatch dated 9/28.

[Edit]

Gold rush time -- volavka, 09:13:34 10/02/03 Thu

ready, set, go.

[Edit]

Dr Hwang -- volavka, 07:51:55 10/02/03 Thu

buy everything: magr
http://bigcharts.marketwatch.com/news/articles.asp?guid={22D19D7B-9FE2-41E3-A9D1-88222CB81B08}&newsid=807510559&orig=charting&time=8&symb=MAGR&sid=1296049&source=htx\http2_mw&source=htx\http2_mw

[Edit]

Chinese -- volavka, 06:10:41 10/02/03 Thu

do not like japanese.
Watch these currencies NOW.

[Edit]

Have you a link @qwerty? -- journeyman, 04:26:25 10/02/03 Thu

Hi qwerty!

Have you a link to the AP story that Shapiro says an assasination attempt against Venezuelan President Chavez is "not necessarily illegal?"

I follow the $$ mercantalism thread, and this would be another nail.

Could you share the link?

Regards,
journeyman

[Edit]

Good Morning, All -- dotti, 04:04:01 10/02/03 Thu

"...unintended macroeconomic effects can easily be avoided by a carefully planned and coordinated reserve reduction..."

The above clip is from an abstract

http://lvlamb.itgo.com/pinions/wa.html

Beautiful language to say that selling of gold by central banks can be used to suppress the POG?

I'm back, but busy. October should be my busiest month of the year. Shows about evry weekend between now and mid-December. Good to see the usual postings here.

Take care, All.

dotti

[Edit]

from chimpan-a to chimpan-z -- number six, 03:08:30 10/02/03 Thu

no they'll never make a monkey out of me.

if you like your bullion overpriced and overpretty - ebay

[Edit]

Galearis -- Netking, 00:03:30 10/02/03 Thu

Thanks Larry, It's "getting grim" [to quote BB] out there in the camp of the shorts. My prediction mate is that things will "hold together" until Christmas, then in the New Year expect real 4th July fireworks in the PM markets, in particular silver.....it could break open sooner, but we'll see. It could be worth completing ones Christmas PM shopping early!

[Edit]

Current POG & POS & U$D Live Price -- CHARTs, 21:43:54 10/01/03 Wed

[Edit]

USA terrorists -- qwerty, 20:02:48 10/01/03 Wed

===
In an Associated Press (AP) dispatch the United States government has said it will open up an investigation into allegations made by Venezuela's President Hugo Chavez Frias relative to conspiracy to assassinate him. Chavez Frias has said that "terrorist groups" in southern Florida have allied with Miami-based anti-Castro radicals.

Amazingly US Ambassador to Venezuela, Charles S. Shapiro says "it is not necessarily a crime ... but we are in the full process of collecting information and we must follow all legal procedures ... if there is anyone to blame, our government knows what to do."

With typical Washington cover-up rhetoric, Shapiro shakily admits that he has received information that "some Venezuelans have been receiving military training in the United States." He further admits that the information was also published in a Miami newspaper a year ago ... but remains remarkably silent as to why no action was taken by proper authorities Stateside. "We're not going to take action against anybody ... we haven't been able to make any headway."

President Chavez Frias was forced to cancel his scheduled trip to the United Nations in New York on September 24 after intelligence agencies revealed a CIA-backed plot against the President's plane en route to the General Assembly. Chavez asked the United States to investigate his allegations, at the same time reiterating earlier requests that President George W. Bush should stop interfering in Venezuela's affairs.

"They are conspiring against Venezuela in the United States," Chavez Frias said in a national television broadcast ... "the peoples of this continent need to know that their (USA) terrorists are preparing an attack against Venezuela."

===

the US war on terrorism becomes more absurd by the minute

watching the destruction of america by all these traitors occupying all the positions of influence and power in the US is just too much.

america will be a burnt out cinder in 10 years ...

don't want to be too close watching it happen ...

as the cabal attacks america from all different directions, the american sheep sleep through it

i hope gold goes up soon ...

[Edit]

@ Net king re late Comex silver deliveries -- Galearis, 19:54:38 10/01/03 Wed

Murray:
All 159 contracts delivered on by Comex on the last delivery day of the month. No default. Repeat: no default. But slow, very slow, unacceptably slow. (Info from T.B.)

Maybe the banks involved have leased out most of the delivery available physical? Hard to believe they couldn't come up with 3 m. o. of physical when their web site lists daily that they have 45 million registered. Unless its mostly in the form of lease contracts.....Nahhhh, they wouldn't be that dumb would they?

Regards,

G.

[Edit]

gold -- volavka, 13:45:05 10/01/03 Wed

todays mkt was set up.
watch tonite, now even more positive for move higher.

[Edit]

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