GNN: Grail News Now
War vs Gold Economy Crash Scam: Central Banks Dump Massive Amounts of Cash to Stave off Speculation in Oil and Gold Terror In America, Asian Financial Markets Plummet
We encourage you to discern, utilise coherent integrative logic, compassion, intuitive flow, and independent investigation, before arriving at any definite conclusion as to materials posted by GNN. Please read Ananda´s GNN: Global News Flash. Truth is plural. Opinions do not necessary reflect those of GNN news service
In this particular sending, Michael Ruppert gives evidence that the economy was on the verge of collapse in October. The WTC event may be a circumnavigation of this through war. Thanks to our brother Randalf, some of this info was further verified, and the links and articles are herein included.
Herein, then is another objective fact which is not being covered yet by the media. It shows some shadowy interests. Bin Laden´s CIA links also come very close to the Bush heroin links, just like Saddam Husein was a business colleague of George Bush senior in arms trade, through general Schwartzkopf (USA LØJ OM GOLF-KRIGEN, Politikan, Tom Linders, February 1991, Denmark), and became his scapegoat 2 years after business, when examination on such "business" starting to come under public exposure.
The Goldman Sach´s company mentioned herein is largely owned by the Council on Foreign Relations, which is largely the shadow government of the US, headed by chairman David Rockefeller. J.P. Morgan is Rothschild based, and Chase is David Rockefeller. It makes little surprise to see their direct involvement in the midst of this. We herein first quote the heart of what is being documented here, to see why it is worthwhile for one to read on. Coherent discernment with you. Links and confirmed further documentation follow this article.
-Ananda, 17th September 2001
"The attacks came at a moment when US and world markets were in dire straits and
as two hidden factors threatened to disclose even greater weaknesses in the US
economy. The first of these factors is a monstrous derivatives investment bubble
-- orchestrated by JPMorganChase -- estimated to be near $30 trillion (US), on the
verge of implosion and a gold price artificially suppressed by the US Treasury and
Goldman Sachs that was scheduled to be publicly aired in a lawsuit by the Gold
Anti-Trust Action Committee (GATA) in US District Court, Boston on October 9th.
"These revelations, on the heels of a near 900 point drop in the Dow Jones
Industrial Average in the preceding three weeks, could have tipped the US
economy even without yesterday's attacks."
Terror In America, Asian Financial Markets Plummet
by Michael C. Ruppert
From the Wilderness, 11 September 2001
Posted 12 September 2001
On Sept. 11, 2001 the two most visible symbols of American economic and
military power were simultaneously attacked in a well-planned and well financed
attack that will have enormous and permanent impact on the world economy and
American culture. Just a day after the attacks, which brought the planet to a halt,
both CNN and Reuters - after interviewing many financial experts - are reporting
the likelihood of a worldwide recession.
As major central banks have acted swiftly, with as much as $70 billion in instant
cash infusions to stem immediate spikes in oil and gold prices, the likelihood that
perennial bogeyman Osama Bin Laden was the prime of origin of the attacks
diminishes. In a number of media appearances beginning on the evening of
September 11, former CIA Director James Woolsey has now begun pointing the
finger at "state sponsorship," - the prime suspect being Iraq.
Continuing revelations as to the complexity of the attacks continues to suggest
logistical, intelligence and financial resources beyond Bin Laden's known
abilities. In addition, Bin Laden's lineage, as a protégé of the CIA from the
Afghan conflict of the 1980s, threatens to raise serious questions which the
American government might not want answered. [See other FTW stories at
www.copvcia.com].
A stunning report from the respected military and intelligence report Stratfor
(www.stratfor.com) has officially raised the question that many who watched the
Trade Center towers collapse vertically, have been asking about secondary
explosions and the likelihood that charges had been physically placed within the
buildings before the attacks. In a bulletin yesterday Stratfor wrote:
Mounting an attack of this sort is not simple. In the
case of the World Trade Center, the collapse of the
towers indicates massive delayed explosions. This means
either the planes were loaded with explosives or that
massive explosive charges were planted in the buildings
to go off later. This is supposition, but a secondary
explosion is a necessary factor for explaining the
collapse.
The attacks came at a moment when US and world markets were in dire straits and
as two hidden factors threatened to disclose even greater weaknesses in the US
economy. The first of these factors is a monstrous derivatives investment bubble
-- orchestrated by JPMorganChase -- estimated to be near $30 trillion (US), on the
verge of implosion and a gold price artificially suppressed by the US Treasury and
Goldman Sachs that was scheduled to be publicly aired in a lawsuit by the Gold
Anti-Trust Action Committee (GATA) in US District Court, Boston on October
9th.
These revelations, on the heels of a near 900 point drop in the Dow Jones
Industrial Average in the preceding three weeks, could have tipped the US
economy even without yesterday's attacks.
As reported around the world, especially in London, gold and oil prices spiked in
the first two hours after the attacks before the European markets closed. The price
of London gold rose by 6% in less than two hours. Yesterday FTW reported that
the Comex precious metals exchange had been destroyed in the attack. That is
now uncertain. Three years ago the Comex moved out of the World Trade Center
to a nearby building which has been reported to be heavily damaged. However,
the Commodity Futures Trading Commission, which polices precious metals
trading, had its offices in WTC Tower 1 and was totally destroyed.
World confidence in the security of US markets and the economy has been
shattered. FTW correspondents in Moscow report a divergence between public
and official government reaction. Three people reported from Moscow yesterday
an immediate move by Russian citizens to sell US dollars - the most common
form of savings in the economically battered country - resulting in a dramatic
plunge in public exchange rates from 29:1 to as low as 15:1 overnight. However a
Russian government source told FTW this morning that rates on MICEX (The
Moscow International Currency Exchange) have remained stable. In early trading
the Russian stock exchange lost 5% of its value.
Asian markets crumbled overnight.
As reported by MoneyNet, these are the results of post bombing trading on the
Asian markets:
Australia -4%
Japan -6.63% (the lowest level since 1984)
Hong Kong -9.52%
Taiwan -2.62%
Korea -12.07%
Singapore -8.43%
China -4.92%
Thailand -0.39%
Malaysia 0.00%
Indonesia -3.86%
When the NYSE reopens, amidst what will certainly be massive sell orders, the
first casualties will be insurance companies who face billions of dollars in
immediate claims. Preliminary claims estimates, for fire, casualty, life, disability
and workman's compensation claims have been estimated in the press as high as
$50 billion. One of the largest insurance companies, American International
Group (AIG), will surely be hard hit. On the World Trade Center Directory AIG
Aviation Brokerage, Inc. is also the first listed tenant.
Of a certainty, consumer confidence -- recently touted as the savior of the US
economy -- has been demolished around the globe. Asian economies, already
venturing deeper into recession, had been looking for increased US orders, based
upon consumer confidence, to boost exports as a life preserver. That life preserver
evaporated yesterday. A CNN story today quoted Asian financial expert Andy Xie
of Morgan Stanley as saying that consumer confidence had "tipped over."
"We are going down to the bottom," Xie said. "no one knows where that is."
Reuters quoted a Chief Economist at Wells Fargo as saying, "A full-blown global
recession is highly likely."
The massive infusions of cash from the world's central banks, including the U.S.
Federal Reserve may unleash inflationary pressures which will, in turn, act to
increase the prices of gold and other commodities.
The fact that no one has yet taken credit for the attacks and the US government's
short term inability to identify credible suspects, along with an obvious
intelligence "failure" is diminishing US credibility around the globe. Excessive
delays will only further erode investor perceptions in US efficacy and increase the
economic effects in the US as the world looks for "safer" places to put its capital.
In the meantime, the US military and political pressure for an increased presence
in Colombia and what are certain to be inflated military budgets can only increase
global instability.
The URL of this article is:
http://globalresearch.ca/articles/RUP109A.html
Author Michael Ruppert, a former LAPD narcotics investigator and intelligence
expert is the Editor of "From the Wilderness", a specialised monthly, subscriber
newsletter. The web site is www.copvcia.com.
Copyright 2001. All Rights reserved. FTW Publications, www.copvcia.com. May Be Reprinted
for Non-Profit Purposes only.
Below is the link and the article by GATA (Gold Anti-Trust Action Committee, Bill Murphy, 214/522-3411, LePatron@LeMetropoleCafe.com),
which is the supporting evidence for the news piece by Michael Ruppert
"Central Banks Dump Massive Amounts of Cash to Stave off Speculation in Oil and Gold - Terror In America, Asian Financial Markets Plummet"
by Michael C. Ruppert
>From the Wilderness, 11 September 2001,
above article to be found at:
http://globalresearch.ca/articles/RUP109A.html
ALSO, here is the article confirming the Oct 9 lawsuit hearing in Boston, which Michael Ruppert refers to in his article on Central Banks Dump Massive Amounts..." (interesting that this was the origin of a hijacked plane)... reported in the Harvard Crimson newspaper, by David Gellis, find it at:
http://www.gata.org/crimson.html
These three articles would make a nice set to send out together as a GNN
http://www.gata.org/gold_reserves.html
GATA Says Much of U.S. Gold Reserve is Encumbered
8/15/2001 9:25:00 AM
DALLAS, Aug 15, 2001 (BUSINESS WIRE) -- "Hard as it is to fathom, it appears that much of America's gold is essentially gone or in severe jeopardy," says Gold Anti-Trust Action Committee Chairman Bill Murphy.
Murphy points to an astonishing discovery by GATA consultant James Turk in his new essay, The Mystery of the Disappearing SDR Certificates, published at the GATA Internet site, www.GATA.org. An SDR, which is acronym for Special Drawing Rights a.k.a. 'paper gold,' is a monetary instrument issued by the International Monetary Fund, representing special drawing rights for one 35th of an ounce of gold.
Turk has discovered that the SDR certificates on the books of the U.S. Treasury Department's Exchange Stabilization Fund have dwindled from 9,200 millions to 2,200 millions.
Exchange Stabilization Fund
(Assets) (Liabilities
(in millions)
SDR SDR
Holdings Certificates
Dec. 1998 10,603 9,200
March 1999 9,682 8,200
June 1999 9,719 8,200
Sept. 1999 10,284 7,200
Dec. 1999 10,336 6,200
March 2000 10,335 6,200
June 2000 10,444 4,200
Sept. 2000 10,316 3,200
Dec. 2000 10,539 2,200
Source: US Treasury Bulletin
Turk explains why this is important:
"The U.S. Gold Reserve does double duty. It sits in the vaults at Fort Knox and the other depositories, but the U.S. Treasury has issued Gold Certificates against it. The Federal Reserve owns these Gold Certificates, giving the Fed a claim to the 261.6 million ounces in the U.S. Gold Reserve. Simple enough, and the same transaction is used for 'paper gold' -- the SDR's -- with just one small difference. The U.S. Treasury has transferred its SDR's to the Exchange Stabilization Fund (ESF), so the ESF and not the U.S. Treasury issued the SDR Certificates now owned by the Federal Reserve."
Turk continues:
"The ESF by law cannot issue more SDR certificates than it has SDR's. The largest amount of SDR certificates outstanding was 10,168 million in December 1995, a significant date, because I have contended all along that government actions that have depressed the gold price began in 1996, which is the same year that the SDR certificates began to decline. From this peak to the present, the SDR certificates have been reduced by 7,968 million. Given that there are 35 SDR's per ounce of gold, this reduction in the SDR certificate account equates to 227.7 million ounces, or 87 percent of the U.S. Gold Reserve...."
"Everything is fitting into place," Murphy says. "It appears that the SDR certificates are being used by the ESF to hide its gold transactions from the American public."
GATA has long claimed that central bank gold loans are two to three times the commonly accepted 5,000 tonnes cited by the gold industry. "Eighty-seven percent of the U.S. gold reserves is very close to 7,000 tonnes, which would increase to 12,000 tonnes the official sector gold out on loan in some way," Murphy notes.
"No wonder former Treasury Secretaries Robert Rubin and Lawrence Summers and current Secretary Paul O'Neill have refused to directly answer members of Congress regarding their gold market queries," Murphy goes on. "The ESF reports only to the president of the United States and the treasury secretary, which means that these men are very aware of the mechanics of manipulating the gold price."
"This is most disturbing," Murphy says, "because there is a pattern of deception, first by treasury secretaries not answering pointed questions and then by others who apparently are involved in or knowledgeable about the U.S. government's intervention in the gold market and who are conveniently forgetting the facts."
Murphy cites a June 8, 2001, memo to Fed Chairman Alan Greenspan from Federal Reserve lawyer A. Virgil Mattingly, who denies any knowledge of gold swaps, even though the transcript of a 1995 meeting of the Federal Open Market Committee records him as using those words to explain the authority and apparent activity of the ESF.
Then in an August 7, 2001, letter, John P Mitchell, deputy director of the U.S. Mint, offers no explanation why 1,700 tonnes of U.S. Gold Reserves stored at West Point, N.Y., were reclassified in September 2000 from "Gold Bullion Reserve" to "Custodial Gold." In May this year all 7,700 tonnes of the U.S. gold reserves in Treasury Department depositories were reclassified as "Deep Storage Gold."
Mitchell says the U.S. Gold Reserve was "not reclassified -- it was renamed to better conform to our audited financial statements."
"But Mitchell offers no explanation why that change is being made now. Could it be that these changes to conform to accounting principles were necessary because of the dramatic reduction in SDR Certificates and encumbering of the U.S. Gold Reserve?" Murphy asked.
"This is most frightening," Murphy says. The U.S. Government defaulted on its gold obligations in 1933 and 1971. Could it be happening all over again?
CONTACT: Gold Anti-Trust Action Committee
Bill Murphy, 214/522-3411
Fax: 214/522-4432
LePatron@LeMetropoleCafe.com
Lawsuits Continue To Pursue Summers After Leaving D.C.
By DAVID H. GELLIS
Crimson Staff Writer
Currency bearing University President Lawrence H. Summers' signature isn't the only lingering reminder of his time as Treasury Secretary. This week, a U.S. District Court judge in Boston scheduled an October 9 hearing on a motion to dismiss a lawsuit that names Summers as a defendant.
The suit is fallout from Summers' time as a public official-and only one of many suits targeting him.
And one of the motions to be debated at the hearing is whether Summers can continue to be held liable as a private citizen. Current Treasury Secretary Paul O'Neill automatically replaces his predecessor when charges are leveled against Summers in his official capacity, but the Plaintiff in this suit maintains that he is suing Summers as an individual.
The suit, filed by Reginald H. Howe '62 in Boston last December, accuses the defendants, who in addition to Summers include Federal Reserve Chair Alan Greenspan, officials of the Bank for International Settlements (BIS), and four major banks, "of manipulative activities in the gold market" and of violating the Sherman Anti-Trust and Security Exchange Acts.
The suit stems from a shareholder buyout by the BIS. But Howe said he's using this primary complaint as a platform from which to allege price fixing of the gold market-the claim that he said implicates Summers. The suit says that as Secretary, Summers acted improperly to suppress gold prices.
The suit is being funded by the Gold Anti-Trust Action Committee, a group founded in 1999 by financial commentator Bill Murphy to advocate legal action against the key U.S. players in the gold market.
"If we're right, it will be much bigger than Watergate," Murphy said.
Summers has not responded to the suit, and could not be reached for comment.
Motions to substitute O'Neill and dismiss the suit are being handled by the U.S. Attorney's office in Boston.
Arguments to dismiss the lawsuit vary among the defendant parties, and include arguments about jurisdiction as well as the merits of the case.
Judge Reginald Lindsay will hear debate on the motions at the October hearing.
In a press release, Howe noted the timing of the hearing-three days before Summers is officially installed as University President at inauguration ceremonies-heightens the drama of the case.
-Staff writer David H. Gellis can be reached at gellis@fas.harvard.edu.