You are here
The Christmas, end-of-year holiday season is often a time of reflection for many of us. As a result of the Terrorist attacks and warring strife in the world, the closing out of 2001 may be more poignant than most years. As chairman of The Gold Anti-Trust Action Committee, it certainly is for me.
Chris Powell and I will soon commence year four in our effort to expose the manipulation of the gold price. From day one we stated that our main goal was to expose the "truth" about the gold market. That is what we told the Speaker of the House, Dennis Hastert; the chairman of the Subcommittee on Domestic and International Monetary Policy, Spencer Bachus; the chairman of the House Joint Economic Committee, James Saxton; and the President of the United States, George W. Bush, via his private fax.
Hello everyone. I would like to extend a special greeting to those Gold Anti-Trust Action Committee supporters who have come from all over the world to attend this conference.
Two years ago from this very podium, I presented evidence the gold market was manipulated by a cartel of bullion banks. Since then, GATA has secured massive amounts of additional evidence that confirms our original assessment.
The Gold Anti-Trust Action Committee has come up with more evidence that the gold market has been manipulated since 1995 than the Bush Administration has produced evidence showing Osama Bin Laden was responsible for the September 11 terrorist attacks on the United States. A smattering of that evidence includes the following:
*Virgil Mattingly, General Counsel of the Federal Reserve. According to the transcripts of the January 31st, 1995 meeting of the FOMC, Mr. Mattingly said: "The [ESF] statute is very broadly worded in terms of words like "credit" – it has covered things like the gold swaps – and it confers broad authority.
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."
The "Gold Derivative Banking Crisis" document that the GATA delegation presented to the Speaker of the House, Denny Hastert, Dr. John Silvia, Chief Economist of the Senate Banking Committee, Alabama Congressman Spencer Bachus (Chairman of the Subcommittee on Domestic and International Monetary Policy) including six of his staff members and to every Congressional member of the House and Senate banking committees is now available.