-Caveat Lector- from alt.conspiracy ----- As always, Caveat Lector. Om K ----- <A HREF="aol://5863:126/alt.conspiracy:534704">More on the IMF Gold Manipulation </A> ----- Subject: More on the IMF Gold Manipulation From: [EMAIL PROTECTED] (E Right) Date: Wed, 30 June 1999 11:13 AM EDT Message-id: <[EMAIL PROTECTED]> More on the IMF Gold Manipulation There appears to be a conspiracy by the Europeans/IMF to DUMP gold on the world market, which would have the effect of debasing their assets. This plan by England, Switzerland, and the IMF to sell Gold may have an ulterior motive. But what, Why? To prop up the EURO, to implement a New World Currency while debasing gold? Selling massive quantities of gold lowers the price of THEIR holdings in gold. I don't have the current world production rate of gold but it is probably around 70 million troy oz per year. If the IMF sells 10 million and Britain sell about the same amount it should be obvious that the world price would drop because of supply. The 128% increase in supply was estimated to drop the price by half! Just the rumors of the sale dropped the price of gold about10%. The IMF says it wants to help poor people. At the Earth Summit in Rio in 1992 the participants agreed to a 0.7% ODA (Overseas Development Assistance) tax on Western Civilization to develop the undeveloped 3rd world. This was NOT ratified by the US congress but the Clinton Administration has been pushing for various taxes to sneak this past the people. Sustainable Development principles like banning freon, 1.6 gallon toilet conservation, and a myriad other international implementations have been initiated from the executive branch. Remember the BTU tax? How about the CO2 trading credits fabricated from the Kyoto talks. More third world hands in first world pockets... The IMF _SAYS_ they are selling the gold to finance world welfare in the bailout and development of poor countries. They could raise 1.5-2.5 billion depending on the price of a depressed market from selling the gold. The IMF has some 30 Billion dollars (@300$/oz) in gold which could decrease 15 BILLION from the sale! The problem is compounded by the British who are also interested in selling gold. Why is there a concerted effort to dump gold on the world market? Many poor people in Asia and 3rd world countries buy gold as a way to save for retirement and hedge inflation. They may buy gold leaf or jewelry which is essentially 100% gold. Their savings in gold would be cut in half. The poor and middle classes in 3rd world countries who do not have stable currencies and who invest in gold as a hedge against inflation would be squashed. Gold value world wide would drop in value by half. The poor people would be hurt by this gold dump. This is the crux of the problem, their holdings would decrease by half. The world holders would also decrease by half. How much money of the worlds assets are being vaporized? Folks, now we are talking about debasing TRILLIONS of dollars in assets. This is a BIG deal. The IMF wants 1.5 Trillion to develop Asia. Russia seems to have squandered 80 Billion and cannot pay... the IMF is talking about forgiving third world debt and giving them more money to squander. Is this a threat to the western world by the IMF globalists to pony up the international DOA tax starting at 0.7%? It looks very much like a threat to me. WASHINGTON (AP) -- A plan by the International Monetary Fund to sell gold to finance debt relief for poor countries would hurt many of these nations and the U.S. gold industry, two senators said today. Sen. Jesse Helms, chairman of the Senate Foreign Relations Committee, and Sen. Chuck Hagel, chairman of the subcommittee on international economic policy, said they have joined a bipartisan group to oppose the gold sales, which require congressional approval. In a letter to Treasury Secretary-designate Larry Summers, the senators said, "We are unalterably persuaded that selling IMF gold reserves would adversely affect the very countries the administration intends to assist and further damage the U.S. domestic gold industry." Opposition also came from lawmakers representing gold mining states. "It ain't going to happen," predicted Sen. Richard Bryan, D-Nev. Helms, R-N.C., and Hagel, R-Neb., said that in the past month, since Britain announced it was selling a portion of its gold reserves, the price of the gold has plunged to a 20-year low of $258 an ounce. They said they were concerned that the United States, the second largest producer of gold after South Africa, would lose jobs and companies would go bankrupt if the prices continue to fall. Helms and Hagel said 36 of the 41 nations intended to benefit from the IMF gold sales are gold producers and "if sales further depress gold prices, it is questionable that benefits from debt relief would outweigh the harm done by falling prices." Leaders of the world's main industrial nations meeting last week in Cologne, Germany, gave the go-ahead for the IMF to sell 10 million ounces of its $27 billion in gold reserves to help finance the IMF portion of debt relief for poor countries. IS THIS INTERNATIONAL ARM TWISTING TO GET THE US TO PAY A GLOBAL ODA (.7% GNP WORLD DEVELOPMENT TAX) BY EXTORTION IN THE FORM OF A GOLD SELL-OFF TO PAY FOR THE WORLD DEVELOPMENT AND WELFARE SCHEME? --- The cold war also saw the European Community pioneer the kind of regional cohesion that may pave the way for globalism. Meanwhile, the free world formed multilateral financial institutions that depend on member states' willingness to give up a degree of sovereignty. The International Monetary Fund can virtually dictate fiscal policies, even including how much tax a government should levy on its citizens. The General Agreement on Tariffs and Trade regulates how much a nation can charge on imports. These organizations can be seen as the protoministries of trade, finance and development for a united world. -- Stobe Talbot (Deputy Secretary of State), TIME MAGAZINE, July 20, 1992, pp 70 ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, Omnia Bona Bonis, All My Relations. Adieu, Adios, Aloha. Amen. Roads End Kris 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. 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