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Central Banks Under Suspicion - Business Report

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BULLION central banks under suspicion
Gold antitrust guru seeks African countries' support

INGRID SALGADO
KWAZULU NATAL EDITOR

Durban - Africa's gold producing countries were urged yesterday to back plans to get top bullion banks and US Federal Reserve chairman Alan Greenspan into the witness stand of a US court, to answer claims of gold price manipulation.

Audacious Quest for Gold - Daily News, Durban, S.A.

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BULLION PRICE DELIBERATELY BEING SUPPRESSED, CLAIMS GATA

A quixotic group of Americans is in Durban alleging a financial conspiracy it says is blighting the economies of gold producing countries, writes Des Parker.

The Gold Anti Trust Action committee hit town this week for the second time in 2001, alleging a widespread campaign to suppress "evidence" of a campaign to depress the gold price and promising bullion will soon bounce back.

Adam Aljewicz - Dow Jones Newswires

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By Adam Aljewicz
Dow Jones Newswires
May 9, 2001

JOHANNESBURG -- It's around two years since the U.S.-
based Gold Antitrust Action Committee came out and
accused some of Wall Street's finest of conspiring with
the Bank for International Settlements and U.S.
government and Federal Reserve officials to depress the
price of gold.

In those two years GATA has been vilified by market

Proof of Fed's gold-market intervention?

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Analyst claims central bank's meeting minutes belie denials

By Jon Dougherty
© 2001 WorldNetDaily.com

A gold market analyst who has long suggested the federal government was involved in manipulating the price of gold says he discovered proof of his allegations in six-year-old Federal Reserve Board meeting minutes.

The charges, first made by the Gold Anti-Trust Action Committee in 1999, are allegedly borne out in Federal Reserve Board meeting minutes dated Jan. 31, 1995, which were discovered by GATA analyst Reginald Howe, who has filed a lawsuit against the Fed, the U.S. Department of the Treasury, the Bank for International Settlements and "various investment houses."

Exchange Stabilization Fund/Bundesbank Gold Swap Operation Exposed

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Source: Business Wire
Publication date: 2001-04-23

DALLAS--(BUSINESS WIRE)--April 23, 2001--The Gold Anti-Trust Action Committee will reveal proof of the suppression of the gold price by the U.S. and German governments and bullion banks at the GATA African Gold Summit on May 10, 2001, in Durban, South Africa.

Der Spiegel -Konspiration im Herrenclub?

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Konspiration im Herrenclub?

Gegen US-Notenbankchef Greenspan läuft eine Klage wegen Manipulation des Goldpreises. Auch die Deutsche Bank soll in die zwielichtigen Geschäfte verwickelt sein.

Was haben US-Notenbankchef Alan Greenspan, die Bank für Internationalen Zahlungsausgleich (BIZ), führende globale Geldhäuser wie Deutsche Bank und J. P. Morgan sowie der scheidende US-Finanzminister Larry Summers gemeinsam?

GATA'S Reg Howe Sues BIS, FED, Treasury, and 5 Investment Houses To Stop Gold Price Suppression

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For Release at 8 a.m. EDT Monday, December 11, 2000

A lawsuit filed in U.S. District Court in Boston with the support of the Gold Anti-Trust Action Committee accuses five investment houses, the Bank for International Settlements, and top officials of the U.S. Treasury Department and U.S. Federal Reserve Board of conspiring to suppress the price of gold.

The lawsuit, Docket No. 00-CV-12485-RCL, charges the defendants with price fixing, securities fraud, and breach of fiduciary duty. The U.S. government officials are also accused of exceeding their constitutional authority.

Frankfurter Allgemeine Zeitung - Key German Newspaper Supports GATA

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FRANKFURTER ALLGEMEINE ZEITUNG
August 25, 2000

FRANKFURT, Aug. 24 -- At first glance it is indeed difficult to understand how a market, such as the gold market, which shows a chronic production deficit, is decaying during decades and how this results in prices that force an ever- increasing number of gold producers to abandon their business.

In the free market, which in the case of gold is being "made" by the leading business and investment banks, they have to take a good look at the solvency of their own clients as well their counterparties, when trading with derivatives.

Political Derivatives in Campaign 2000

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NEW ESSAY - AUGUST 2000
Copyright 2000 - Reginald H. Howe

GOLD OR DROSS?
POLITICAL DERIVATIVES IN CAMPAIGN 2000

More than a century has passed since gold and money played a leading role in the rhetoric of a presidential campaign. At the Democratic convention of 1896, William Jennings Bryan won the presidential nomination with a speech dishonoring the deeply held monetary beliefs of Jefferson and Jackson, thundering to the other party: "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."

An Open Letter to Members of the Press

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It is time to wake up to what has been going on in the gold market. I can understand some initial reticence about grasping what The Gold Anti-Trust Action Committee has been telling you: that the gold market is being manipulated. No one wants to believe that, but enough is enough. It is time to start asking some hard questions of your traditional sources of information who have been feeding you disinformation to keep you off guard about what certain bullion dealers have been doing with " a little help from their friends."

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