Governments are open about FX market manipulations. But not gold price manipulations it appears. It wouldn't surprise me if George Soros got a tip about this as a reward for his anti free market rant at the recent UN shindig in New York. And when governments can't keep the price of gold down any longer, he'll probably get a tip about that too. >From what I've read, most of his great traders and speculators have left him. Maybe getting in bed with governments is his other alternative for above average returns. They can't keep the price of gold artificially depressed forever, though. <grin> And cyclically speaking, how much longer can this go on? > =====> Spending floodgates open on Hill > http://www.washingtonpost.com/wp-dyn/articles/A23999-2000Sep26.html > Congress is poised to begin a spending spree of epic proportions, > spending taxpayers' money on across-the-board pork. The move > threatens to gut projected budget surpluses. (9/27/00) Plus those projected surplus don't take into account any recessions. Go figure ... oh, they were government projections. I dislike Rubin and the good 'ol boys (the white shoes) on "Wall Steet" because they are political entrepreneurs. It appears that they sicked the government on Michael Milken because he was taking business away from them hand over fist. But Rubin probably restrained Clinton and his advisors who didn't have a clue: �You�re telling me that my political future hinges on a bunch of f*cking bond traders?� - Bill Clinton Bob "Elizabeth I Queen of England (reigned 1558 - 1603). When she ascended to the throne, Elizabeth inherited numerous debts. Her genius was in the method she chose to raise revenue to pay those debts, which was unique in tax policy: she made taxation voluntary! Her words: "To tax and to be loved is not given to man. I will end as I began with my subjects, with love." Within 15 years she had a surplus, and was loved deeply." - from Victor Sperandeo's dedication of his book 'Trader Vic II - Principles of Professional Speculation' Ok. Ok. :) Here's the quote: > Thursday, September 28 4:38 PM SGT > > US Hedge Fund Knew Before G7 Forex Intervention - Paper > > FRANKFURT (Dow Jones)--The European Central Bank's > intention to intervene in the foreign exchange > market, together with the U.S. Federal Reserve, > the Bank of Japan and other central banks of the > Group of Seven leading industrial countries, was > known several hours ahead of the operation, market > participants in Frankfurt said, German daily > Frankfurter Allgemeine Zeitung reported Thursday. > > According to the paper, a leak in one of the > central banks outside the euro zone prompted > Citibank, a unit of Citigroup Inc. (C), on behalf > of a U.S. hedge fund to start buying euros early > Friday. The euro rose to slightly above $0.86 in > early European trade Friday. > > Citibank's subsequent sale of euros was preventing > the euro from rising more than slightly above > $0.90 during the intervention that started around > 1100 GMT, Frankfurt banking sources said, according > to the paper. The euro subsequently rose to > $0.9040 before falling back to the mid-$0.88s. > > Banking sources attributed the leak to a possible > connection between the hedge fund, Citibank and > the Fed, FAZ said. Robert Rubin, former U.S. > Treasury Secretary, is currently Citigroup's > co-chairman. > > According to the paper, the ECB and the Deutsche > Bundesbank Tuesday declined to comment on the > market talk. > > Citibank spokesman Stephen Goldman also said the > bank won't comment on its transactions in the > foreign exchange market, the paper said. END. > > Where have you heard about this sort of thing > before. Talk about tie ins. Robert Rubin is also > the former CEO of Goldman Sachs. GATA has been > telling the world for almost two years that that > the gold market has been rigged by a facet of the > US government (The Fed and US Treasury - ESF) > and certain bullion banks. GATA has identified > Goldman Sachs as the ringleader of the bullion bank > cabal. We have also alleged that they have been > ripping off the public and trading on inside > information about gold. We have stated that > information has been supplied to them by the > government. We have also stated that we believe > the gold scam started when Robert Rubin was > named US Treasury Secretary. > > I guess it is very hard for a leopard to > change its spots. > > Note who broke the story: Frankfurter Algemeine > Zeitung - the very same German Newspaper that > broke the GATA story and featured our "Gold > Derivative Banking Crisis" document. > > There are many informed Caf� members that are > absolutely sure that the FAZ articles on GATA > were a deliberate plant by the Bundesbank. The > breaking of the scurrilous Citibank/Rubin story > certainly gives credence to that line of thinking. > > It would appear that the Germans are not too happy > about the way the US governement is handling > certain financial matters. > > Yesterday, it was the BLS that was caught > underplaying US inflation numbers by understating > the true CPI. Today, it is bullion dealer, > Citibank, caught in an insider trading scam. > > How much information like this has to come to > light before the gold industry wakes up and > becomes outraged about what these crooks are > doing to gold? > > > > http://www.LeMetropoleCafe.com/entrance.cfm > Le Metropole Cafe > > All the best, > > Bill Murphy > Le Patron > www.LeMetropoleCafe.com --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED]
