6:34p ET Thursday, September 29, 2005
Dear Friend of GATA and Gold:
A renowned economist and market analyst, Henry
C.K. Liu, chairman of Liu Investment Group in New
York, formerly a professor at Harvard and Yale,
has endorsed GATA's view, recently documented
by GATA director Michael Bolser and Sprott Asset
Management, that U.S. equities markets are being
rigged by the U.S. government, in large part
through the use of repurchase agreements.
Liu's endorsement comes in his long and often
technical essay published today in Asia Times
in Hong Kong, "The Repo Time Bomb," the second
part of a series titled "The Wizard of Bubbleland,"
a titled bestowed on Federal Reserve Chairman
Alan Greenspan.
Liu writes:
"The equity markets since the September 11 terrorist
attacks are no longer free markets. They are now a
scam operated in the name of patriotism to transfer
through managed volatility by the Plunge Prevention
Team, of which the Fed is a charter member, the
losses that have already occurred but are yet hidden
to unsuspecting small investors who were too patriotic
to sell immediately. The new financial normalcy is a
totally new system. The United States has entered a
new phase of state capitalism, with the government
deciding who survives and who fails. The U.S. system
is being attacked by both terrorism and the 'war on
terrorism.'"
Liu's essay also explains how the world financial
system now perpetuates another transfer of wealth:
from the productive world to the debt-ridden United
States.
Liu's essay is long and dense but readers will be
well rewarded. It is too long to append but you can
find it here:
http://www.atimes.com/atimes/Global_Economy/GI29Dj01.html [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
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----------------------------------------------------
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http://www.usagold.com/amk/usagoldmarketupdate.html [10]
http://www.GoldReview.com/ [12]
http://www.capitalupdates.com/ [13]
http://www.DailyReckoning.com [14]
http://www.goldenbar.com/ [15]
http://www.silver-investor.com [16]
http://www.thebulliondesk.com/ [17]
http://www.sharelynx.com/ [18]
http://www.mininglife.com/ [19]
http://www.financialsense.com [20]
http://www.goldensextant.com [21]
http://www.goldismoney.info/index.html [22]
http://www.howestreet.com [23]
http://www.depression2.tv [24]
http://www.moneyfiles.org/ [25]
http://www.howestreet.com [23]
http://www.minersmanual.com/minernews.html [26]
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html [27]
http://www.goldcolony.com [28]
http://www.miningstocks.com [29]
http://www.mineralstox.com [30]
http://www.freemarketnews.com [31]
http://www.SilverSeek.com [33]
http://www.investmentrarities.com [34]
http://www.kereport.com [35]
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm [36]
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm [37]
(In English)
http://www.resourceinvestor.com [38]
http://www.prudentbear.com [40]
http://www.dollarcollapse.com [41]
http://www.kitcocasey.com [42]
http://000999.forumactif.com/ [43]
http://www.golddrivers.com/ [44]
http://www.goldpennystocks.com/ [45]
Subscription sites:
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http://www.goldinsider.com/ [47]
http://www.interventionalanalysis.com [49]
http://www.investmentindicators.com/ [50]
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm [51]
Ted Butler silver commentary archive:
http://www.investmentrarities.com/ [52]
----------------------------------------------------
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178 West Service Road
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1-888-218-9226, 931-766-6066
----------------------------------------------------
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