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Impending devastation in South Africa''s gold mining industry
12:16p ET Monday, May 30, 2005
Dear Friend of GATA and Gold:
GATA's Sunday dispatch alerting you to the latest
appearance on Canada's Report on Business
Television by Sprott Asset Management's chief
investment strategist, John Embry, asserted that
the program would be accessible on ROB-TV's
Internet archive only through Wednesday
because after that it would be "jammed by the
U.S. Army's 102nd Disinformation Battalion at
Niagara Falls, N.Y."
While this was intended as a late-night joke,
quite a few people took it seriously and we
apologize to them. But our friend Arch Crawford
of the Crawford Perspectives financial advisory
service (www.CrawfordPerspectives.com) says we
might not apologize too much. Crawford writes:
* * *
"During the Crash of 1987, Robert Prechter was
going to be interviewed on the old FNN-TV. Since he
was known to be a strong bear on the market, it was
assumed that he would aggravate the situation. Ron
Insana started the interview and suddenly the screen
went blank. Insana said, 'We'll try this a bit
later.'
"About an hour later they started again and ... same
thing again.
"But Prechter had started giving his opinion and it
wasn't as negative as most expected.
"The interview actually went through on the third try,
after whoever was really in charge heard that Prechter
wasn't so bad.
"Another time I saw the same thing was a few months
ago in an interview with Abby Joseph Cohen. She was
running a clip of some outrageous thing Federal
Reserve Chairman Alan Greenspan had said a couple
days before, and the screen went blank in the same
fashion.
"In addition, I noticed in recent years that when
the Dow Jones Industrial Average was down hard,
there would be a TV flash of Greenspan or Treasury
Secretary Robert Rubin on CNBC, CNN, and other
networks, even if they were shown doing no more
than walking into a building. (Their reported
comments were neutral or irrelevant.) The Dow
would rally at least 100 points in the next five
minutes every time.
"These are not things I read in some obscure
paranoid journal. These are things I witnessed
with my own eyes.
"From those and a few other instances I fear that
our news media are far more tightly controlled
than I ever expected."
* * *
This may help explain why GATA Chairman Bill
Murphy's first appearance on CNBC, in 1999,
shortly after GATA's founding, was his last, and
why central bank intervention in the gold market
can be discussed and even taken as a given on
national television in Canada but never in the
United States.
Anyway, while ROB-TV's latest interview with
John Embry will be purged from ROB-TV's Internet
archive on Wednesday, the U.S. Army has no 102nd
Disinformation Battalion at Niagara Falls, N.Y.
The battalion seems to have been dispersed to
network studios and major newspaper offices
throughout the country.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
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http://www.investmentindicators.com/
Eagle Ranch discussion site:
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Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
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1-888-218-9226, 931-766-6066
----------------------------------------------------
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