Press Releases, Essays, GATA in the Press

The Christmas, end-of-year holiday season is often a time of reflection for many of us. As a result of the Terrorist attacks and warring strife in the world, the closing out of 2001 may be more poignant than most years. As chairman of The Gold Anti-Trust Action Committee, it certainly is for me.

Chris Powell and I will soon commence year four in our effort to expose the manipulation of the gold price. From day one we stated that our main goal was to expose the "truth" about the gold market. That is what we told the Speaker of the House, Dennis Hastert; the chairman of the Subcommittee on Domestic and International Monetary Policy, Spencer Bachus; the chairman of the House Joint Economic Committee, James Saxton; and the President of the United States, George W. Bush, via his private fax.

AFRICA/WORLD

A US court is to decide whether or not to allow a civil suit, which alleges that American government officials and other international banks conspired to manipulate the gold market to the detriment of African gold producers, to continue to the discovery stage.

Reginald Howe, an American lawyer, filed the case in December last year against the US Treasury, the Bank for International Settlements (based in Switzerland), the US Federal Reserve chairman Alan Greenspan, the Federal Reserve president William McDonough, and the former US treasury secretary Lawrence Summers.

...Startling revelations at the GATA African Gold Summit in Durban. Story by Adam Hamilton.

Go on, ask the question: (from left) Ghana's JJ. Kufuor and South Africa's Thabo Mbeki whose economies have suffered greatly from the rigging of the gold market, are yet to publicly demand a stop to it

While the gold price appears to be calm and placid on the surface, powerful forces war behind the scenes to shape it. The stakes are stupendously high, as the state of the gold market and the price of gold do not exist in a vacuum. Virtually every important capital market in the world, from the mammoth currency foreign exchange markets to the critical international bond markets, is affected directly or indirectly by the price of gold.

... manipulation of the world gold market exposed!

Poor Africa: the more our miners work, the less we get

FLASHBACK: In September 1999, in our story on page 8 headlined "Gold: Deliberate Destruction", written by our assistant editor, Regina Jere Malanda, we reported:

"Plans by Western nations and the IMF to sell their gold reserves and use the proceeds to fund debt relief for poorer countries are mired in curious mendacity. By selling their gold and causing the collapse of the gold industry in Africa, the West is destroying - with impunity - the very African countries they claim to be helping.

Pusch Comey, the prodigal son, returns home with one of the biggest stories of the year he forgot to report - GATAs all revealing gold summit in Durban on 10 May. It is worth every ounce in gold.

Fairtrade?: the fate of gold is in the balance as Western governments and finance houses manipulate the market

Things are happening to Africans that Africans don't understand. The economy suffers without explanation. There are constant layoffs of mine workers in Africa with tremendous consequences - economic turmoil in towns, villages and families. The spin off is crime, poverty, despair, and disease, which are all blamed on a "hopeless continent" that cannot take care of itself.

Hello everyone. I would like to extend a special greeting to those Gold Anti-Trust Action Committee supporters who have come from all over the world to attend this conference.

Two years ago from this very podium, I presented evidence the gold market was manipulated by a cartel of bullion banks. Since then, GATA has secured massive amounts of additional evidence that confirms our original assessment.

MANCHESTER, Conn.--(BUSINESS WIRE)--Nov. 6, 2001--The following statement was released today by Chris Powell, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.:

"The case of Howe vs. Bank for International Settlements et al. -- I like to call it Howe vs. All the Money in the World -- was roughed up a little today but survived its first day of hearing in federal court in Boston.

"During 2 1/2 hours of oral argument, U.S. District Judge Reginald C. Lindsay dismissed two counts of the lawsuit involving securities fraud charges against defendant J.P. Morgan/Chase, and ruled that the plaintiff's method of serving lawsuit notice papers against the BIS -- by mail in English instead of by personal service in German -- was insufficient.

The Gold Anti-Trust Action Committee has come up with more evidence that the gold market has been manipulated since 1995 than the Bush Administration has produced evidence showing Osama Bin Laden was responsible for the September 11 terrorist attacks on the United States. A smattering of that evidence includes the following:

*Virgil Mattingly, General Counsel of the Federal Reserve. According to the transcripts of the January 31st, 1995 meeting of the FOMC, Mr. Mattingly said: "The [ESF] statute is very broadly worded in terms of words like "credit" – it has covered things like the gold swaps – and it confers broad authority.

Lawsuits Continue To Pursue Summers After Leaving D.C.

By DAVID H. GELLIS
Crimson Staff Writer

Currency bearing University President Lawrence H. Summers' signature isn't the only lingering reminder of his time as Treasury Secretary. This week, a U.S. District Court judge in Boston scheduled an October 9 hearing on a motion to dismiss a lawsuit that names Summers as a defendant.

The suit is fallout from Summers' time as a public official—and only one of many suits targeting him.