Fed has plans to manipulate all markets, and discusses them openly


12:28a ET Thursday, November 28, 2002

Dear Friend of GATA and Gold:

One premise of GATA consultant Reg Howe's lawsuit
against the Bank for International Settlements, the
Federal Reserve and Treasury Department, and the
bullion banks was that the BIS was cheating its
private shareholders by paying them less than fair
value when the bank forcibly withdrew their shares.
Now the arbitration panel established by the BIS
itself to hear similar claims by other shareholders
has concurred and has ordered higher compensation
for all the private shareholders.

Reg has written a short commentary about this
development, and you can read about it at
his Internet site, GoldenSextant.com, here:


Congratulations to Reg on this vindication.

CHRIS POWELL, Secretary/Treasurer