You are here

Look who's watching GATA

Section: Daily Dispatches

5:01p ET Wednesday, September 6, 2011

Dear Friend of GATA and Gold:

Just when you start thinking that everything is futile, that everyone connected with the markets is bought off or stupid, and that "Say Not the Struggle Naught Availeth" is getting old, we find out that we're being watched -- and not just by the usual peeping Toms and repo men but by some pretty important and even sinister people.

It was that way in 2004 when out of the blue the deputy chairman of the Bank of Russia, Oleg Mozhaiskov, mentioned GATA at a meeting of the London Bullion Market Association in Moscow, thereby letting the bullion bankers know that Russia was on to their rigging of the gold market:

It was that way this month when publication of the cables from the U.S. embassy in Beijing disclosed that the Chinese government's view of the gold market matches GATA's:

... Dispatch continues below ...


Lewis E. Lehrman on How to Solve the U.S. Debt Problem

Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, advises that to reduce the $1 1/2 trillion U.S. deficit, the Republican Party must initiate an investment program.

Working Americans are not saving, which enables the banks to lead the country into a cycle of debt, leverage, boom, panic, and bust.

Lehrman says: Eliminating the budget deficit of a trillion and a half dollars cannot be done overnight. The proposal by U.S. Rep. Paul Ryan was very dramatic -- one Republican called it radical -- but it was not happily received. The solution, of course, is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy. We need a tremendous program of investment, and investment comes from savings. When you pay savers, middle-income professionals, and working people 0 percent at the bank, you are not going to encourage them to save. Then we are left with a bank cycle of debt, leverage, boom, panic, and bust."

To read more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:

And then today our friend B.S. spotted an obscure reference to GATA at the Internet site of New York Times columnist Paul Krugman, who had just attempted some technical analysis of the gold market. Krugman concluded:

"Larry Summers directs me to a 1988 paper he wrote with Robert Barsky with a similar theme, although applied to the gold standard era rather than recent events."

An Internet link was embedded in that final sentence --

-- and it took the reader to GATA's Internet site, where the academic paper in question has been posted for a long time.

Of course Summers is the former Harvard economics professor and U.S. treasury secretary who, with Robert Rubin, whom he served as deputy treasury secretary, developed the U.S. government's end of the modern surreptitious gold price suppression scheme, which was based in part on the research of the academic paper Krugman cited, a paper rediscovered and first made relevant in 2001 by GATA compatriot Reginald H. Howe, the original gold price suppression litigator:

Of course Krugman knows nothing about what's really happening with gold and surely doesn't want to know about it -- how could he, working for The New York Times and having won a Nobel Prize? But Summers is a mastermind of the price suppression scheme and market manipulation, and Krugman now has shown Summers to have been trolling around at GATA's Internet site.

We'd like his autograph. We already have his fingerprints.

Krugman's blog with the link to GATA can be found here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Toronto Resource Investment Conference
Thursday-Friday, September 15-16, 2011
Sheraton Toronto Centre

The Silver Summit
Thursday-Friday, October 20-21, 2011
Davenport Hotel, Spokane, Washington

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2011
Hilton New Orelans Riverside Hotel

Support GATA by purchasing gold and silver commemorative coins:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit:


Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit: