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ROCKET SCHOOL OF ECONOMICS
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
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
Copyright by Professor von Braun.
All Rights Reserved. Reprinted at USAGOLD