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Welcome to USAGOLD's "Gilded Opinion" pages. We invite you to browse our index of outstanding gold-based commentary.
Really, Sir Aldot!
by Professor von Braun
April 8th, 2000
What an interesting week it has been. Stocks go down, then down some more, then up. Gold acts like it no longer exists, the Japanese change Prime Ministers and nobody blinks an eye. And we have an extremely well timed economic summit (as in a ra! ra! cheerleader's one day convention) at the White House.
What a coincidence. Attended by no less notables than of course the President, Lord Clinton of Ark and Saw, that esteemed connoisseur of fine cigars, Sir Aldot Com as lead banker (and closet entrepreneur) to the New Economy and Sir William Gates, the hero (and about to be brigand) of the New Economy. Joined of course by no less than the fair Lady Abby Joseph of Cohen, a small municipality nestled in the counties of Goldman and Sachs. Indeed, a perfect gathering for such a day. What planning, what superb organizational skills, what timing. Never mind Elliot Wave, never mind Gann, simply obtain a copy of the White House event calendar and you will do no wrong.
It has been said that one knows the mettle of a man by the company he keeps. If Tuesday's performance is anything to go by, then we say to Sir Aldot, "shame on you". Have you no morals? What do you think you are doing? Hanging out with a man who has been the object of more judicial probes than fingers on both hands, with another whose business ethics are being investigated by the Justice Department, associating with a woman whose words of "wisdom" are awaited with baited breath by the "bubbleonians", the very people you said were suffering from irrational exuberance back in late 1996?
Don't you know that you are, in the eyes of those that are playing this giant ponzi scheme, by doing what you have done, seen as adding your blessing? You are the chairman of a highly respected organization, the world's largest central bank, the creator of trust in the "why we should hold US dollars" game; and you desire to hang out with suspicious characters? Really! Have things gotten that desperate? Do you all need to hold hands to keep this grand scheme going?
If that is the case, then you do have a problem. Your tenure as Chairman could go down in history as the worst ever. Calls for your resignation are too late. Resign now and it will make no difference. You will be remembered for the company you kept and if Tuesday last is an example then we all could have a problem. Really Sir Aldot!
Meanwhile, back in the land of the Bears, the "keep this game going at all costs" brigade--sometimes referred to as the plunge protection team--also appears to be having its way. Not wishing to sound paranoid, nor wishing to sound as though one has subscribed to the conspiracy game, it needs to be noted that some rather vocal critics of the current economic direction of the United States are themselves in trouble. Martin Armstrong (also a strong critic of the Japanese government) is in jail on what are perhaps best described as suspicious circumstances. Bill Murphy, the vocal chairman of GATA, a major critic of Goldman Sachs and the suspicious activities of the gold market has his car stolen and then, a few weeks later, is "mugged" while leaving a restaurant in Dallas, Texas. Now what are the chances of these events being connected? Basically none, apart from the fact they have happened.
The Prof can be contacted by email at profvonb2@aol.com
Copyright by Professor von Braun. All Rights Reserved. Reprinted at USAGOLD by permission.
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