-Caveat Lector- Kris: FYI Regards xxxxx ** The following letter was sent to Chris Powell, GATA Treasurer/Secretary, from Martin Armstrong. Dear Chris: Obviously this latest bit of news posted by Bill has had its usual backlash of inquiries and emails headed my way. Though this posting is interesting and I would love to be free to comment on the current subject, I am restricted by law. The receiver appointed by the court has also banned me from writing and the US government now seems to have claimed that they now control my First Amendment rights as well. I think things would have been fairer if we didn't have a constitution. In any event, I am at liberty to speak about subjects other than my own case. To set the record straight, I have disagreed with GATA that the depression of gold has been an organized manipulation on the part of central banks. I have never denied that there is a cartel of "private" groups, funds and individuals who do herd together to manipulate as many markets as they possibly can. At the start of the silver manipulation. I was flat. I had taken all profits and closed out all short positions. Silver was trading around $4.29 when PhiBro walked across the ring and handed to my broker an order to buy 1,000 lots of silver every penny down for as far as you could see. They intentionally showed me the Buffet order. Later, Bob Gotlieb from Republic Bank call me and tried to get me to join the manipulation. He said "something big is coming down in silver" and when I asked who was behind its he said "your friends in CT." After being approached several times to join the manipulation, I reported to our clients that "they" were back. I would not have used the term "they" if it had been someone other than the same crew as in 1995. I was told that the target was $7. I reported that information on our website. I was NOT short. I knew what they were capable of doing. I left the country for my usual fall tour. I was invited by the government of China to discuss the Asian Crisis. I visited the government there in December of 1997. Upon my return, silver was at $6.40 and everyone indeed had been led to believe it was me because the orders were routed through Republic to give the marketplace the impression that it was me buying the silver. In fact, it was Republic buying the silver itself and moving it to London. It is true that I was very mad. I did not like being accused of doing something I did not. I would have to have been crazy to be short silver after reporting to the world that a manipulation was underway and that the target was $7 and then leave town for 3 months. I was not short 700 tons of gold and never was. My own forecast called for a June low and a rally into October. I made forecasts of hunreds of different markets. I does not mean that I must also have a position in that market. I have been bullish on stocks since the turn in 1994, but by law I am also prohibited from owning any stock and have not owned anything since 1980. Just because someone has a long-term forecast that disagrees with your own does not mean that I must have been also short. I view the world from a global correlation perspective and it just doesn't seem possible to achieve a raging bull market in metals when stocks are the flavor of the month. Bull markets are historically created when capital concentrates and that focus is in the stock market for now. When that concentration breaks, capital will then look around for the next great investment. That should be the commodity cycle between 2002-2007 and perhaps extend out as late as 2012. For now, either the metals make their final lows in 2001 or 2002. Either way, they should be contrasted by a bubble top in stocks. As it stands now, indeed the government intends to put me in jail tomorrow because I am taking the 5th Amendment. I must do so to protect my defense until trial. They are using a civil action of contempt arguing that I have no 5th Amendment rights. I will go to jail tomorrow willingly before I bend before this corrupt thing we call government. Keep in mind one thing. If the government is intent upon silencing you, you suddenly find that they are no better than Russia. They need no proof. They strip you of your assets to prevent you from defending yourself. They attack and threaten your attorneys with jail for contempt and try to take back any money they have already spent even though it was unfrozen by a judge previously. In other words, the US has become no better than Russia. They even threaten your family, your employees and your friends. This is what America is now all about. They know my life has been threatened and quite frankly the government most likely cheerishes the thought of me being killed while in prison. That way, everybody wins. The truth will never come out and my name will be forever tarnished as some two bit crook who defrauded clients but strangely never diverted a single wire out of $3.1 billion. Sincerely: Martin A. Armstrong ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance�not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
