No wonder Clinton has a

> To: smoser@hsonline.net > > Le Metropole Members, > > As we wait for tomorrow's press release that will > alert the investment world to one of the most disturbing financial > scandals of all time, GATA is making > preparations to handle the Gold Cartel's counter-attack. > > The Internet is our biggest ally. I urge all Cafï¿½ > members to check into Cafï¿½ Chat to learn from the > many very bright contributors that are already > posting there. Out of that exchange, you many learn > ways you can help us. > > What we are about to take on will be no walk in the > park, but it is winnable because we have the truth > on our side. As one Cafï¿½ member and GATA supporter > said yesterday. Each of your defendants is Mt. > Everest - you are taking on the Himalayas. > > To give you some idea of the kind of quality postings > at Cafï¿½ Chat, I have taken two recent postings to > give you some idea of what I am talking about. > > Catherine Austin Fitts is a 1978 Graduate of the > Wharton School of Business with an MBA in Finance. > From 1978 to 1989, at the Wall Street investment > bank Dillon, Read & Co she served in the Corporate > Finance, Energy Finance, Mergers and Acquisitions > and Public Finance Departments. From 1986-9 Fitts > was a Managing Director and member of the Board > of Directors. > > >From 1989-90 Fitts served as Assistant Secretary > of Housing - Federal Housing Commissioner at the > Department of Housing and Urban Development. From > 1991-7 she served as President/CEO of the Hamilton > Securities Group with aggregate revenues of $50 > million, an employee base of 50 and portfolio > strategy responsibilities for $400 billion of > financial assets. > > She is now President and CEO of Solari, Inc; a > Washington consulting firm specializing in equity > based neighborhood investment models for the > Information Age. > > Her posting at Cafï¿½ Chat: > > "I just finished James Turk's article, "Smoking Gun." Fascinating. > > A few thoughts to add to the soup: > > 1. The year 1996 was a watershed in Washington. A > concerted and intentional effort began with the > support of OMB and Treasury to strip agencies of > honest officials and internal financial controls. > > Not surprisingly, with the "gravitas" run out during > FY 1996 and FY1997, the reports of missing money at > the various agencies starting rising in FY 1998 and > FY 1999. > > Reports during the annual financial certification > process over the last year by GAO have reported > missing money and money unaccounted for in the > trillions. This has been accompanied by GAO and > Inspector General reports of control of information > and transaction system by outside contractors > (including the Federal Reserve at Treasury) who > have access and control without government oversight. > > 2. If you contact the Fed banks around the country, > here is what they will tell you or you will find: > > A. Their equity ownership is confidential. While they > will tell you that equity is owned by members within > that district, you have no way of looking through to > see who owns the owners and therefore is in control > of the organization, staffing, compensation and > flows of information. > > B. The contractors who manage their information > and transaction systems and the terms of those > relationships are confidential. Consequently, it is > not possible to understand the relationships between > the equity ownership of the Fed and the equity > ownership of the organizations of the companies that > control all the Fed and US government data on people, > money and resources that they have access to and WE > DO NOT HAVE ACCESS TO. > > C. Their practices regarding the sharing of > information about money flows that they have access > to with various owners and other preferred groups. > > 3. 1995/96 was the period in which the Clinton > Administration with Rubin at Treasury helped Edgar > Bronfman acting on behalf of the World Jewish Congress > by using the Promis software system at DOJ to identify approximately > $4.7 billion of Nazi gold and assets > in Swiss banks. I believe this effort was an integral > part of an effort to gain tight control of the > world gold supply. The Jewish victims were simply > a political excuse for using Promis to access > confidential Swiss bank records. > > Promis software is a DOJ managed system which uses > the settlement systems to both access and seize > assets in any bank that is on the two major > settlement systems. My understanding is that it is > managed day to day by the FBI with access by the > various intelligence services, including CIA, NSA, > DOD, ONI, etc. > > I have given Bill a copy of "Black Money", Michael > Thomas' fictional account of the Promis system. I > believe that an understanding of this tool will > help us understand the methods being used to > manipulate the gold and stock markets. > > Thanks, again, James Turk. Fascinating piece." > > Blessings, > > Catherine Austin Fitts > Solari > > Jim Cullinane of Rye New Hampshire has been terrific > at posting information in Cafï¿½ Chat that the GATA camp > should be aware of. I once lived in Rye, but only > know Jim thru the Cafe. Excerpts from his latest: > > US TSY'S GENSLER BACKS CONGRESSIONAL APPROVAL > OF DERIVATIVES LAWS > > By Denny Gulino > > WASHINGTON (MktNews) - Under Secretary of the > Treasury for Domestic Finance Gary Gensler Thursday > remained gun-shy on the subject of Fannie Mae and > Freddie Mac but said Congress needs to pass, perhaps > in the next few days, two measures that reinforce > the derivatives market before any "less benign" > economy intervenes. > > Appearing at a Savings Bond annual lunch in place > of Treasury Secretary Lawrence Summers, Gensler > said he has enjoyed paying down $400 billion in debt > so far, and that he anticipates another quarter > trillion or so of paydowns every year for the next > several years -- if the economic projections hold up... > > Asked about his latest views on Fannie Mae and Freddie > Mac and other government sponsored enterprises -- which > found spreads widening through much of the year following Gensler's testimony recommending drastic changes in > the relationship with government -- Gensler said he > had nothing new to add. "I don't think I have > anything more," he said. > > Asked what he meant by using the words "less benign" > in looking ahead, Gensler told reporters that his > context was the urgency he attaches to modernizing > laws governing derivatives. "I think it's critical, > particularly as it relates to the laws underpinning > the markets, the derivatives laws, these bankruptcy > laws, to address them and move them forward in good > times," he said. "Because while we do not see this > on the horizon, markets can be risky, and you would > not wish to address a Long Term Capital Management > in the midst of a Long Term Capital Management > (crisis)." > > Gensler was confirmed as Assistant Secretary for > Financial Markets in September 1997 and moved up > to Under Secretary of the Treasury for Domestic > Finance in April of last year. Prior to coming to > Treasury, Gensler was a partner of the international > investment banking firm, The Goldman Sachs Group, L.P.. > > ** Market News International Washington Bureau > > Jim Cullinane > Rye, NH > > > > <A HREF="http://www.LeMetropoleCafe.com/entrance.cfm">Le Metropole Cafe</A> > > All the best, > > Bill Murphy > Le Patron > www.LeMetropoleCafe.com >