From: Central Bank Oversight & Monitor <[EMAIL PROTECTED]>
To: Central Banks, Secretariats, Governors, Risk Analysts,
Executives, Concerned Others
Enron reflected in gold accounts racket
By: Tim Wood
Posted: 2002/01/07 Mon 10:29 | © Miningweb 1997-2002
PRINCETON, NJ -- The circle is closing on US government accounting
improprieties that mirror the events behind Enron's collapse.
James Turk, full-time proprietor of GoldMoney.com and
part-time conspiracy
sleuth, has uncovered the sort of slick financial scheming
that gave investors
cause to abandon Enron. If the US no longer owns much gold reserve after
pledging it for use in dubious off balance sheet transactions,
then there is
also every reason to short the country's stock - the dollar.
Turk shows that the application of business accounting standards to the
national accounts has forced a clean up in how the US Treasury
and Federal
Reserve deal with gold. The net result is a $20 billion hole
in the US balance
sheet..........
<http://www.mips1.net/mgfin.nsf/Current/4225685F0043D37A85256B3A006B11
0D?OpenDocument>
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