No twernt the Swiss bank, but the German's turn, plus India was not buying, Which reminds me. Central banks crying wolf won't stop a bull market. if only they would really sell their gold holdings, the aggregate gold holdings of the world's CBs actually haven't changed in the past 20 years. All that selling but, very little has actually been sold in fact it only moves from one set of CBs Canada, Australia, England. to another China, Taiwan, Russia.. Talk about your audit. Have you ever heard of a different amount for aggregate CB holdings than 33,000 tons since 1980? The fact that Germany's conservative central bankers would consider squandering the German people's gold. the fact that the intent of the CB gold sale announcement was to manipulate the POG isn't the problem because, the CBs do nothing BUT manipulate markets all the time. The issue is, IMF Bureaucrats can decide to do with the people's gold as THEY see fit in order to protect imprudent bankers from the consequences of their speculative derivatives positions going sour. So the German CB announcement is a contrarian buy signal - the central bankers are by far the worst market timers on the planet. And they are fat but thin, but what else can they do, dissolve the IMF? That will only be another WOT area (War on Terror) Meanwhile in the USA: the total income of the United States in 2000 was 7.95 trillion dollars.
Public, corporate and private debts are estimated at 16 trillion dollars or say a total of over 30 trillion when City, County, State, and Federal governments, corporate bonds, all retirement accounts, unfunded social security liabilities, pensions, etc. are all included. Whatever 98% has been incurred since the end of WWII. Assuming the larger total debt figure, this means that since WWII, all the improvements to System railway, highway, interstate, automotive, airplane industry, the construction industry, the manufacturing industry, the Space Race, transistor and computer chip technology, the improvements in the medical and scientific arts, all the labor expended in the past 55+ years, all the raw materials we've produced, everything in total, is worth 30 Trillion dollars less than nothing. Is the present economic system built to serve Man or is Man made servant to the present economic system? How else could all those things be done and yet have such debt? This is gold's message. This Nation has been deliberately and purposely brought to the brink. Enron had, "assisted" half of the members of the House of Representatives, three fourths of the members of the Senate and two Administrations. Countless other entities and PAC’s have and continue to steadily buy influence from politicians. Considering all the Committees "investigating" Enron, does anyone investigate how many career politicians and bureaucrats retire multi-millionaires? These politicians know how, and have opportunity to restore the Country, but no will to. So Typically when producers complain of low commodity prices they are met with the deafening excuses of "supply and demand". Gold bulls have proven that demand has outpaced supply for a decade, but prices do not rise. The GATA group has proven that the reason for this anomaly is price manipulation made possible with "paper" gold and silver. When true supply and demand forces move prices higher, the cartel steps in to sell "paper" gold to depress the price. I rather change this mmyth to a grain myth. The cartel has copied an operation, which has been working magnificently for the grain trade for 40 years. In the agricultural sector, grain traders sell "paper" grain, which they do not yet own, 12 months into the future. Continue to buy. Fund an e-gold account today. http://two-cents-worth.com/?107245&EG --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
