"If the American people ever allow private banks to control the
issue of their money, first by inflation and then by deflation, the
banks and corporations that will grow up around them, will deprive the
people of their property until their children will wake up homeless
on the continent their fathers conquered."
– Thomas Jefferson
Silver Liberty vs. Silver Eagle
Alan
Greenspan once had a conscience....
"In the absence
of the gold standard, there is no way to protect savings from confiscation
through inflation. There is no safe store of value. If there were, the
government would have to make its holding illegal, as was done in the
case of gold.... The financial policy of the welfare state requires
that there be no way for the owners of wealth to protect themselves.
"This
is the shabby secret of the welfare statists' tirades against gold.
Deficit spending is simply a scheme for the 'hidden' confiscation of
wealth. Gold stands in the way of this insidious process. It stands
as a protector of property rights."
- Alan Greenspan; "Gold and Economic Freedom"
|
The
Gold Anti-Trust Action Committee |
 |
The Gold Anti-Trust Action Committee was organized in January 1999 as a Delaware corporation to advocate and undertake litigation against illegal collusion to control the price and supply of certain financial securities, particularly securities involving gold. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy's Internet site, www.lemetropolecafe.com. Murphy's essays reported evidence of collusion among financial institutions to control the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold interests should act on Murphy's essays by bringing suit against the financial institutions involved in the collusion against gold. The response to these essays from gold interests throughout the world was so favorable that the committee was formed. Murphy is Chairman and Powell is Secretary/Treasurer. The committee has retained a prominent anti-trust law firm, Berger & Montague of Philadelphia, and is raising money for advocacy and litigation. Additionally, GATA seeks to disclose and publicize the huge speculative short positions in gold taken by financial institutions and bullion banks. GATA believes that 10,000 tons of gold or more have been sold short by these speculators, even as yearly mine supply of gold in 1998 was only 2,529 tons. When, through our lawsuit and otherwise, we are able to show how short in gold even one major financial institution really is, other institutions will buy gold in quantity, knowing the short position in gold is too large to close without causing a substantial rise in the price of gold. Then the gold collusion game will be over. Click here to
learn more about GATA: www.gata.org |
Community Currency Association • (716) 652-0143
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