You are here
Ken Reser''s VIEWPOINT
Hello GATA Members,
Here are five SUPPORT INITIATIVES, for which GATA gives thanks.
As a sixth item, I am also posting
An interesting VIEWPOINT on why Goldman Sachs is going public!
For GATA, for gold!
Boudewijn Wegerif "GO GATA"
Moderator GATA Forum
- - - - -
1.
From: Hugo
Date: Tue, 02 Mar 1999 17:52:54 +0100
I just sent my contribution of $100. Accounts in red and heavy losses in
gold shares because of this greedy shorters makes even this painful.
BUT YOU ARE DOING THE RIGHT THING!!
- - - - -
2.
SPREADING THE WORD
From: GOLDSHARE@aol.com
To: cmre@worldnet.att.net
Subject: GATA ANNOUNCES AGGRESSIVE CAMPAIGN TO
MOBILIZE GOLD COMMUNITY
Date: Sun, 7 Mar 1999 13:09:49 EST
TO THOSE INTERESTED IN THE BENEFITS OF GOLD IN OUR ECONOMIC SYSTEM
PLEASE NOTE THE FOLLOWING PASSED ALONG FROM GATA (GATA means GOLD
ANTI-TRUST ACTION)
Appended: GATA chairman, Bill Murphy's letter announcing that GATA
intends to appoint Berger and Montague as GATA law firm, as soon as the
contributions have come in for retaining this top class law firm.
- - - - -
3.
SPREADING THE WORD
From: tommy peacock
Subject: Gold Anti-Trust Action Committee
Dear Folks,
I am a shareholder in NEM common stock and a contributor to Gold
Anti-Trust Action Committee (GATA).
I hope that you are all in touch with what Bill Murphy at GATA is doing,
expecially of late regarding the retention of a law firm which will
handle our anti-trust suit.
If by chance you have not gotten the latest, here is a link to
theSilicon Investors' gold discussion thread written by Bill:
http://www.techstocks.com/wsapi/investor/reply-8186601
Please pardon me if you are way out in front of me on this and are fully
informed (as I suspect that that's the case anyway).
Also, thanks so much for not hedging by the use of forward sales.
Please help us small shareholders by getting 100% behind this anti-trust
effort. Many of us think that the gold price will begin to make a move
up this month or next. Additionally, I see a very strong move up coming
inAugust and September. GATA support would only help that price
appreciation.
Good luck to all.
Very cordially yours,
Tommy Peacock
San Antonio, Texas
- - - - -
4.
ANOTHER GATA LINK TO GOLD BUGS
From: "Bob Johnson"
Subject: Re: Thank you
Date: Sun, 7 Mar 1999 20:09:27 -0800
GO GATA thanked Bob Johnson for adding the GATA web page to the
GOLDSHEET Mining Directory http://goldsheet.simplenet.com.
Bob Johnson replied: You're welcome. my site would not be comprehensive
if I did not add it.
Best Regards,
Bob Johnson
Note also the GOLDSHEET Numismatic Directory
http://goldsheet.simplenet.com/coins.htm, with links and descriptions
for over 1250 coin and currency sites.
- - - - -
5.
GATA MEMBER "MARTIROSIAN"
EMAILS THE SPEAKER OF THE HOUSE
TO ASK SOME PERTINENT QUESTIONS
ABOUT THE FEDERAL RESERVE BOARD GOLD HOLDINGS
Dear Speaker Mr. Hastert:
Is it true that:
Major Wall Street investment houses and Federal Reserve officials have
been colluding and continue to collude to control the price and supply
of, to put it formally, "certain financial securities, some of include
gold." And that the same financial institutions are taking advantage of
the Federal Reserve encouraged manipulation to borrow gold and dump it
into the market place.
This is illegal!
See http://www.egroups.com/list/gata/
and http://www.gata.org
Is it true that:
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Article 1, Section 8 of
the Constitution states that Congress shall have the power to coin
(create) money and regulate the value thereof. Today however, the FED,
which is a privately owned company, controls and profits by printing
money through the Treasury, and regulating its value.
Is it true that the Federal Reserve Bank is owned by:
Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of
Berlin, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb
Bank of New York, Israel Moses Seif Banks of Italy, Goldman, Sachs of
New York, Warburg Bank of Amsterdam, Chase Manhattan Bank of New York,
(Reference 14, P. 13, Reference 12, P. 152)
Is it true that:
In 1992, taxpayers paid the FED banking system $286 billion in interest
on debt the FED purchased by printing money virtually cost free
(Reference 12, P. 265). Forty percent of our personal federal income
taxes goes to pay this interest. The FED's books are not open to the
public. Congress has yet to audit it.
Is it true that:
Congressman Wright Patman was Chairman of the House of Representatives
Committee on Banking and Currency for 40 years. For 20 of those years,
he introduced legislation to repeal the Federal Reserve Banking Act of
1913. Congressman Henry Gonzales, Chairman of a banking committee,
introduces legislation to repeal the Federal Reserve Banking Act of 1913
nearly every year. It's always defeated, the media remains silent, and
the public never learns the truth. The same bankers who own the FED
control the media and give huge political contributions to sympathetic
members of Congress (Reference 12, P. 155-163, Reference 22, P. 158,
=159, 166).
THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND
CHANGE.
We, the People, are at fault for being passive and allowing this to
continue.
See
http://www9.pair.com/xpoez/money/schauf.html
http:// www9.pair.com/xpoez/money/mcfadden.html
Please respond at your earliest convenience.
Sincerely,
"Martirosian" (smartirosian@hotmail.com)
- - - - -
6.
VIEWPOINT
Goldman Sachs Will Go Public To Offload Before the Crash?
GO GATA COMMENTS:
I read at http://nt.excite.com/news/u/990304/06/business-goldmansachs
that a sure sign of a pending market disaster may be precisely when
Goldman Sachs decides to unload its shares to the public. Consider the
following, for a pretty Deja Vu.
"In Kenneth Galbraith's Great Crash 1929, (see pages 64 and 65) we hear
about the organization of the Goldman Sachs Trading Corporation, which
went public on 12/4/28, and about which at a later date a Mr Sachs
testified before a committee of the United States Senate that the firms
sold 90% of the stock to the public at a price of $104. After the 1929
Wall Street Crash (including a 2:1 stock split), the price of the stock
ultimately fell to approximately $1.75. This represented a capital loss
of about 98%. It probably did not drop to zero value, because the buck
75 was the souvenir value of the worthless GS stock certificate.
"The Goldman Sachs Trading Corporation (GSTC) was an investment trust, a
forerunner of the modern mutual fund. There were only a few in the US in
1921; but 160 were created by the end of 1926, 140 in 1927, 186 in 1928,
and 265 in 1929.
"According to Galbraith, Goldman Sachs stock lost 97% of its
going-public value in the 1929 crash, less than a year after its public
offerieng.
"Now we hear that Goldman Sachs is to go public as early as May 1999! -
a flotation originally planned for mid-1998.
"I vaguely recall a saying of the US Air-Force during bombing raids in
World War II: "Bombs Away!" Within a very brief time lapse, all below
was completely destroyed.
"Goldman Sachs IPO plan is tantamount to "Bombs Away!"
"The last major private firm on Wall Street, will revive a plan to sell
shares to the public. The firms 220 partners are expected to vote in
favour of the initial public offering. Goldman Sachs are expected to
file a prospectus with the Securities and Exchange Commission to sell 10
to 15 percent of the firm by the summer."
______________________________________________________
------------------------------------------------------------------------
