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News ::
SOMETHING'S UP IN THE BANKING AND MONETARY WORLD
19 Dec 2001
Modified: 08:21:32 AM
He replied, "People are dumping dollars and buying gold. No one is reporting it. The Treasury Department and Secretary O'Neill are going to be left holding the bag and taking the blame for the demise of the Fed. Bush and O'Neill are charting different paths. It seems O'Neill is dancing to someone else's tune. What's going on?"



Tue, 18 Dec 2001 18:05:36 -0000
Subject: [doveofo] Euro Announced as "Precious Metals Backed" Currency on Fox News

Hello Dear Friends,

Yesterday morning between 10:30 a.m. to 11 a.m. Central Standard Time, a friend of mine saw a brief announcement on Fox News about the Euro. The announcer said that the Euro, which is officially coming out January 1, 2002, is "PRECIOUS METALS BACKED" currency.

This is the first time, as far as I know, that a news media has publicly stated that the Euro is PRECIOUS METALS BACKED. I stated months ago that all the major currencies in the world, including the Euro, would be "backed by precious metals". Now we are seeing that this is coming out in the mass media.

I'm told that this was a SURPRISE announcement to the opposition and those trying to stop NESARA. Surprise rippled through D.C. like a tidal wave. You see, once this major European currency is "precious metals backed", the Federal Reserve Notes will suddenly have very little value in comparison. This is because the Federal Reserve Notes are NOT backed by precious metals!

I read in the BBC Internet news yesterday that Germans are trading in their beloved Deutschemarks for the Euro at a fast clip! Perhaps the Germans know the Euro is coming out as a precious metals backed currency. I also read that there are "bags" of Euro coins being distributed and the paper currency will come later. I find this focus on "coins" HIGHLY interesting because NESARA provides for this same focus on coins. THIS focus on COINS is VERY UNUSUAL and I doubt we have seen such a thing in many decades. This alone should tell us that there is something very unusual occurring in the currency systems of the world.

Dove Updates: http://www.ourchurch.com/view/?pageID=68469

Rayelan gives important insight into what seems to be taking place with the Monetary Changes taking place and the infighting and power struggles concerning NESARA.

Posted By: RMNEWS
Date: Friday, 27 July 2001, 3:16 a.m.

From Rayelan:

SOMETHING'S UP IN THE BANKING AND MONETARY WORLD

Posted By: RMNEWS
Date: Friday, 27 July 2001, 3:16 a.m.
From Rayelan:

This is long, but it is VERY important!

"What's going on with at the U.S. Treasury?" he asked.
Suddenly some of the bits and pieces of the conversation I had with my Source began to make sense.

"Do you think the Federal Reserve is getting ready to be replaced with Treasury banks?"

He replied, "People are dumping dollars and buying gold. No one is reporting it. The Treasury Department and Secretary O'Neill are going to be left holding the bag and taking the blame for the demise of the Fed. Bush and O'Neill are charting different paths. It seems O'Neill is dancing to someone else's tune. What's going on?"

Then I received the following from another Source who has been following the huge "metal trusts" in Europe.

"We have UN-precedented activity that... the monetary and banking changes VERY VERY soon."
He added,

"We need to SUPPORT the men and women who are implementing the new banking systems around the world. Whatever you can do to send out info telling people that the GOOD PATRIOTS are the ones behind everything, will help a lot.

By the way, there are several of our people who have played double agent roles: Top guy at Fed (who wrote PhD thesis on the ideal banking and monetary system which is having precious-metals backed currency etc.), Top lady in HIGH justice, past high military folks, and many others. They will probably be prominent in bringing forth these changes and we need to support them with our prayers and in other ways.

They have done what was necessary to BE IN POSITIONS of POWER to get this huge shift done when the time came.
Also, most of the riff raff of our gov. is being cleaned out in one fell sweep! YOU will LOVE this!"

Over the years, I have had numerous conversations with this fellow and with several others who are also involved in various "metal trusts". I have know of the plan to "break the back of the FED", since 1991. I knew that the plan involved the "metal trusts". I have also known that the "Plan" involved creating United States Treasury Banks to replace the Fed.

When I was in Austria in 1994, I was told that when the Euro goes "online", backed by GOLD, the dollar will plummet, the Federal Reserve will be bankrupted and the American people will get out from under the yoke of oppressive taxation which feeds the FED via the IRS.

I was told to expect three things to happen all at once.
1. The dollar will plummet and gold will rise
2. The Federal Reserve will be bankrupted and be dissolved. (It is doubtful if the American people will be told that the Fed is bankrupt. Such news would create panic in the streets. More than likely, one night we will go to sleep with Federal Reserve banks, and the next morning we will wake up with United States Treasury Banks.)
3. The income tax will be replaced by a national sales tax.
Tonight I received the following email from Bill Murphy, Chairman of GATA, Gold Anti-Trust Action Committee
While I have many different pieces of the puzzle, and while I know how dangerous it has been for the "double agents" who have "lived" within the "belly of the beast" for many years, I still have not been able to put ALL the pieces together.

"GATA has come up with the goods on what the "strong dollar" policy is all about. A significant part of that strategy was the manipulation of the gold market. GATA has them nailed and they are panicking because they know once we prove our case that they will be liable to the most monstrous law suits in history."

"Russia is getting ready for the dollar to crash. Preparedness measures have moved from the realm of published warnings, to concrete actions, such as the Central Bank's decision to put the gold chervonets coin into circulation..."

"Robert Hormats, the vice chairman of Goldman Sachs,said Thursday he believes the dollar is overvalued against the euro, and the White House would like the dollar to depreciate but is uncertain how to do this without triggering a sharp, disruptive move in the currency markets."

"Does any mainstream Wall Street groupie believe that ex-Goldman Sachs CEO Rubin, who organized the biggest market (gold) FRAUD in history, is a stand up guy about what he said in Congress that the US should continue his strong dollar policy, while two of the most visible Goldman Sachs officials are going out of there way at the same time to TALK THE DOLLAR DOWN? All of this, while the GATA camp pushes on to expose the truth about how these "elitists" have frauded the gold world for MANY years.

Goldman Sachs is panicking because they know GATA is winning the day and we have the goods on them. Congress is still being bombarded by GATA supporters asking Greenspan and O'Neill to answer our queries truthfully."

"The Gold Cartel is in a bit of a panic as a result of the activities of the GATA army. Greenspan, Mattingly and now ALL OF A SUDDEN those good ole boys, Goldman Sachs, seem unnerved! Keep the faith out there gold bulls.

GATA's "Enveloping Horn" tactics have The Gold Cartel confused and bewildered. They cannot believe a rag tag army like all of us is socking it to them."

Subj: BULLETIN: Something Is Up - Dollar Headed South - Crooked Goldman Sachs Panicking!
Date: 7/26/2001 10:20:53 PM Pacific Daylight Time
From: "mailto:LePatron (at) LeMetropoleCafe.com"
To: "mailto:Rayelan (at) aol.com"

Le Metropole Members, Something Is Up - Dollar Headed South - Crooked Goldman Sachs Panicking! First: Washington, July 25 (Bridge News) - Goldman Sachs chief U.S. economist William Dudley Wednesday urged the United States to shift away from its support for a "strong" U.S. dollar, saying such a shift now would reduce the risk of a collapse later… "Failure to scrap the strong dollar policy now at a time when people want to hold dollar investments "heightens the risk of a sharp adjustment later,"

Dudley said. "It would not be pleasant if U.S. policy makers were forced to jettison the strong dollar policy under duress." Then my commentary in last night's Midas: What the heck is going on here? How does one implement a strong dollar policy anyway? What does that mean? Does it involve covert market interventions? Why doesn't anyone ask Rubin what "the policy" was exactly that was so effective? Note that Goldman Sach's Dudley also stated, "the strong dollar helped to keep inflation in check."

This certainly fits in with the GATA camp allegations that Rubin's motive for manipulating gold and keeping it at low prices was to allay any inflation fears and to enhance dollar support. Dudley's PREPARED testimony before Congress most certainly had the blessing of the highest ups at Goldman Sachs. Rubin is now at CitiGroup. Goldman Sachs is one of the major riggers of the gold price that was set in motion while Rubin was at the Treasury. Is Goldman feeling some heat as a result of Reg Howe's suit and GATA's commotion? We certainly know Greenspan and O'Neill are. Does Goldman want an end to the strong dollar policy, which really means it wants out of the gold rigging game?

NOW!! Just in from: July 27,2001
Chris Taylor of Taimex Trading Ltd in Dunedin,
NEW ZEALAND
Did you see following?
DJ REPEAT: Goldman Sachs' Hormats: Dlr Overvalued Vs Euro
By Alex Keto Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--Robert Hormats, the vice chairman of Goldman Sachs,said Thursday he believes the dollar is overvalued against the euro, and the White House would like the dollar to depreciate but is uncertain how to do this without triggering a sharp, disruptive move in the currency markets. In an interview with Dow Jones Newswires, Hormats said the Bush administration has inherited its strong-dollar policy from the Clinton White House, but the economic situation is sharply different.

The key to the dollar's strength lies in the expectation that the U.S. economy will perform better in the future. He said this explained why the dollar has risen against the euro this year even as the Federal Reserve has cut interest rates.

Hormats also said that when then-Treasury Secretary Robert Rubin reiterated his stance that a strong dollar was in the U.S.'s interest, he was doing so at a time when the U.S. economy was very robust. Now, however, the Bush administration is forced to continue the policy even though the economy has weakened and a lower dollar would benefit U.S. manufacturers and exports. "We do not have a very good idea how to get the dollar down in a gradual way," Hormats said. Hormats said that the history of the currency market has been that when a government seeks to lower the value of the currency, market forces take over and the currency
"goes too far south."

Nevetheless, Hormats said "there are some good arguments for doing it (lowering the value of the dollar) if you can do it successfully." Hormats also said he suspects the Bush administration actually wants to see the dollar decline somewhat to give the U.S. economy a lift, but won't say so for fear of triggering turmoil in the currency markets.
To back up this statement, Hormats pointed to conflicting statements that have come from administration officials, including President

George W. Bush, over the past few weeks. A little more than a week ago, Bush said he saw both benefits and drawbacks to the strong dollar and then stated he was willing to let the market determine the dollar's proper value. On Monday, Treasury Secretary Paul O'Neill said the president's comments don't represent a shift away from the U.S.'s strong dollar policy and added, for good measure, that he was the chief spokesman for the administration on dollar policy. This in turn sparked a comment from White House spokesman Ari Fleischer that O'Neill is, in fact, the chief spokesman on the dollar except when the president is expressing his own views. This confusion of who speaks with authority on the dollar "puzzles me," Hormats said but he added that keeping the market confused wasn't necessarily bad policy.

In any case, "this current skirmishing is not the worst thing in the world," Hormats said. He did say that he thought that members of the administration should show "more discipline" when commenting on the dollar in general. Specifically, O'Neill should consider limiting the range of his comments somewhat, Hormats said. He would be better served by speaking about fewer subjects," Hormats said.

-By Alex Keto, Dow Jones Newswires; 202-862-9256; "mailto:Alex.Keto (at) dowjones.com"
-END-

God forbid that O'Neill should tell Congress the truth about Goldman Sachs and the gold market! THIS IS ORCHESTRATED HORSE MANURE !!

Dudley!, then quickly followed by Hormats! - hello naïve world. GATA has come up with the goods on what the "strong dollar" policy is all about. A significant
part of that strategy was the manipulation of the gold market. GATA has them nailed and they are panicking because they know once we prove our case that they will be liable to the most monstrous law suits in history.

Why else Dudley? Then immediately thereafter, Hormats? Meanwhile, one of the most hideous humans on earth, Mr. Corporate of corporates, His Royal Anus Robert Rubin, says that the U.S. should continue his globally hurtful "strong dollar policy." Can it be more clear that what he said to Congress was JUST SHOW?

Does any mainstream Wall Street groupie believe that ex-Goldman Sachs CEO Rubin, who organized the biggest market (gold) FRAUD in history, is a stand up guy about what he said in Congress that the US should continue his strong dollar policy, while two of the most visible Goldman Sachs officials are going out of there way at the same time to TALK THE DOLLAR DOWN?

All of this, while the GATA camp pushes on to expose the truth about how these "elitists" have frauded the gold world for MANY years. Goldman Sachs is panicking because they know GATA is winning the day and we have the goods on them.

Congress is still being bombarded by GATA supporters asking Greenspan and O'Neill to answer our queries truthfully. I don't think a Senator or Congressman in Georgia has not been contacted by the GATA army as a result of what was sent to me today. Is Goldman Sachs begging Gold Cartel headquarters to be let out of a massive gold short position because the East has caught on to their scam? Goldman Sachs has historically been all over Russia and done much business in that country.

Regard the Café's latest from:
Russians Anticipate Dollar and Bush Crash
by Rachel Douglas

Russia is getting ready for the dollar to crash. Preparedness measures have moved from the realm of published warnings, to concrete actions, such as the Central Bank's decision to put the gold chervonets coin into circulation... It was the outspoken economist Tatyana Koryagina, who suggested in her testimony to Sergei Glazyev's State Duma hearings on June 29 (EIR, July 6 and 20) that holders of dollars will soon be able to use them for nothing but wallpapering their toilet stalls. She was interviewed by the newspaper Pravda on July 12, about her forecasts of a mid-August blow-out of the entire world financial system, the U.S. economy and the dollar first and foremost. Koryagina's forecast of an August U.S.-centered financial breakdown is clearly being debated throughout Russia…
-END-

Which takes me to feedback on Ms. Douglas' essay of this evening from a VERY savvy Café member: FWIW, Bill, I studied Russian history at the University of Washington in Seattle during the early 90s under one of the most prominent American scholars ever of Soviet affairs. He's deceased now.

The guy is rumored to have done plenty of work for the American intelligence agencies, some of it evidently undercover in the Soviet Union, so there is no question of his 'orientation' or 'loyalty'. One of the things he asserted several times in the classroom was that despite the oddball nature of many of LaRouche's theories, his organisation was simply the fastest and most reliable in the world as regards intelligence gathering - and that they were often better informed on current events than the US govt's agencies.

So I don't think you're out of line referring to the guy in the sense of the accuracy of their info. A distinction does need to be drawn between the info. and the political views of LaRouche however, and many folks aren't aware of the fact that this is even possible.

Hugh. Thanks Hugh. All I said was that he was controversial.

So is GATA!

I say once again, The Gold Cartel is in a bit of a panic as a result of the activities of the GATA army. Greenspan, Mattingly and now ALL OF A SUDDEN those good ole boys, Goldman Sachs, seem unnerved!

Keep the faith out there gold bulls. GATA's "Enveloping Horn" tactics have The Gold Cartel confused and bewildered. They cannot believe a rag tag army like all of us is socking it to them.

As a GATA supporter said yesterday, "they ain't seen nothin yet." Keep chucking those spears. They are landing.
Bill Murphy
Chairman
Gold Anti-Trust Action Committee
Le Metropole Cafe
All the best,
Bill Murphy
Le Patron
"http://www.LeMetropoleCafe.com"

666 - The Mark http://www.ourchurch.com/view/?pageID=70393


See also:
http://www.ourchurch.com/view/?pageID=39164
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Myths About Banking & Money
19 Dec 2001
It's true that the Federal Reserve Corporation's so-called "U.S. dollars" are ultimately worthless.

It's true that Russia is maneuvering for a more stable independent currency. (Cuba, Libya and any "rogue state" that's independent from the private World Bank Group already have stable currencies.)

But it's NOT true that the Euro is really backed (100%) by any precious metals.

The European Central Bank is just another private fractional-reserve banking cartel modeled on the old Federal Reserve, but based on the more successful "Euro-capitalism" (some investment in social capital) rather than the failed American finance-capitalist experiment (investment in nothing, consumption of everything).

But like Federal Reserve Notes, Euros will ultimately fail for the same underlying reasons. It's just another phony currency.

If you'd like to understand more about money, which means understanding more about politics and everything that influences your personal and community life, you might explore the bookmarks at http://egroups.com/group/jpchance

I wonder why everyone here feels so compelled to be "anonymous". Almost no posts are anonymous to "our" corporate-government, so those who post "anonymously" are only "anonymous" to other "activists".....
See also:
http://egroups.com/group/jpchance/links/Treasury_000993420879