Jake Towne - The Summers Gold Price Suppression Scheme (July 2009)

8/14/2019 Jake Towne - The Summers Gold Price Suppression Scheme (July 2009)

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Unlocking the Money Matrix - The Summers Gold Price Suppression Scheme (PART

13/15)

By Jake Towne, Candidate for US Congress, PA-15

"Gold is the sovereign of all sovereigns." - Democritus, Greek scientist and philosopher,

circa 430 BCE.Originally published Monday, July 13, 2009. Article linkhttp://towneforcongress.com/economy/unlocking-the-money-matrix-the-summers-gold-price-suppression-scheme-part-1315

July 24, 1998, was an epic day for the global financialsystem. In "The Money Matrix - Bring Light to DarkDerivatives! (PART 11/15)," we reviewed theconsequences of FED Chairman Alan Greenspan'sdecision to allow negotiation of OTC derivative contractswithout the use of an exchange to make transactionstransparent and reduce counterparty risk. (emblem)

Greenspan also stated:

"Nor can private counterparties restrict supplies of gold,another commodity whose derivatives are often tradedover-the-counter, where central banks stand ready tolease gold in increasing quantities should the price rise."

Translated, this comment simply means that theinternational central banks will suppress the gold price by releasing central bank goldreserves. Why is the gold price so important? Isn't it just a yellow metal mostly used for

jewelry? How exactly is this manipulation accomplished? These are the questions this articlewill answer.

THE LONDON GOLD POOL AND THE "REAL RATE OF INTEREST"

Before proceeding, I recognize that many hearing this for the first time may be incredulous. Tothat end, please read "R.I.P. - The London Gold Pool, 1961-1968". This article painstakinglydemonstrates - using the FED's own documentation - that the international centralbankers secretly colluded to manipulate the gold price in the 1960s to hide the dollar'sdebasement. Note the severe aftermath: the London Gold Pool was utterly destroyed in 1968and the end result was the national bankruptcy of the United States in 1971 when PresidentNixon blocked the redemption of dollars for gold by foreigners. The collapse of the LondonGold Pool heralded the era of free-floating fiat currency. If additional proof is needed, pleaseread this 1961 FED document and analysis by James Turk from the Gold Anti-Trust ActionCommittee (GATA) entitled "The FED's Blueprint for Market Intervention."

In the recessions and energy crises of the 1970s, the gold price rose from $35 to $875 pertroy ounce. With the vast increase of powers granted by the Monetary Control Act of 1980,FED Chairman Paul Volker jacked interest rates into the stratosphere to squeeze the inflationout of the dollar. In 1981, the federal funds rate reached a maximum of 19%, and would notsubside to single digits until 1985. [And what was Volker'sonly regret from his memoirs? That"Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was notundertaken. That was a mistake."]

Jake Towne, 2010 Candidate for U.S. Congress, PA-15 Paid for by TowneForCongress.com
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The next part is crucial to the plot. In 1988, a young economist out Harvard,LarrySummers wrote a verbose paper entitled "Gibson's Paradox and the Gold Standard." In thepaper, Summers explains that when the real interest rate is positive, the gold price will notincrease and even decrease as parties will prefer fiat currency that increases in purchasingpower. However, when the real interest rate is negative, the price of gold will increase asparties will seek to preserve their purchasing power. Gold serves as "the canary in the coalmine" for all fiat currencies. When the price of gold rises, this is the prime signal that the

currency is being debased.

Summers well understands the world gold market and the axiom "at all times, in all places,gold is money." Few today recognize that gold (XAU) and silver (XAG) are internationallyrecognized currencies and compete with the USD, EUR, and all others. Few recognize that thedaily trading of gold on the London Bullion Market Association exceeds $80 billion USD pertrading day. To put this in perspective, the London market accounted for $20 trillion USD in2007 which by itself is larger than the $14 trillion GDP of the United States, which is the tradefrom all the goods and services our country produced. Gold is not just a currency,not just money, gold is a commodity that is the world's smallest major financial market.

Now, the real interest rate remained positive until 1990 due to Volker's draconian inflation-fighting measures. As explained in "Unlocking the Money Matrix - The Real Interest Rate (PART12/15)", the real interest rate not only went negative, but it kept plummeting. The primereason for this is the massive creation of new dollars that debased the currency by the FED,or classical Austrian monetary inflation of the money supply.

http://en.wikipedia.org/wiki/Larry_Summershttp://en.wikipedia.org/wiki/Larry_Summershttp://en.wikipedia.org/wiki/Larry_Summershttp://www.gata.org/files/gibson.pdfhttp://www.forex.com/trade_pricing.htmlhttp://www.forex.com/trade_pricing.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article6542.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/http://towneforcongress.com/http://en.wikipedia.org/wiki/Larry_Summershttp://en.wikipedia.org/wiki/Larry_Summershttp://www.gata.org/files/gibson.pdfhttp://www.forex.com/trade_pricing.htmlhttp://www.forex.com/trade_pricing.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article6542.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/


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In the 1990s, the American government in collusion with the central bankers decided toexecute the Summers' scheme although they may have simply been building on his mentorRobert Rubin's gold trading practices at Goldman Sachs. By suppressing the price of gold ANDsilver - a far smaller and easier-to-manipulate market than gold - and publishing rigged CPInumbers, they could slowly and steadily confiscate the purchasing power of their populationswhile masking the debasement of the dollar and hence all other fiat currencies while notcausing a loss of consumer confidence.

THE SUMMERS GOLD PRICE SUPPRESSION SCHEME

Here is how the scheme works:

1. Central banks, like the FED, takes gold bars from their vaults and leases them to cartelentities like Goldman Sachs at a low ratetypically around 1%. Unless the sale isannounced like Gordon Brown's infamous sale of 60% of England's gold reserves from1999-2002 at $275/oz., the central bank continues to carry gold on lease and gold inthe vault as one line item on their balance sheet.

2. The cartel then sells the physical gold into the futures market at spot price. The spotand future prices were suppressed by this extra supply. Large dumps can be

orchestrated to cause "waterfalls" in the price due to algorithm or stop-loss trading.

3. Now the cartel has plenty of capital which could be leveraged by an investment bankat 30:1 or higher and used for ANY transaction. (Similar plays on interest ratemismatches were also executed on fiat currencies, most infamously the Japanese Yen-US Treasury carry trade, but these plays were made far easier with the golden 'canary'silenced.)

4. The physical gold bars leave the exchanges. Most of the central bank gold is melteddown to meet the supply deficit, and now adorns the necks of Indian women or rests inthe vaults of investors.

There are approximately 160,000 metric tons of aboveground gold stock. The World Gold

Council reports that the world's central bank gold reserves are at 29,698 metric tons as ofJune 2009, and this is a fall from the 35,582 metric tons reported in 1990 while the world'smoney supply has more than tripled since then. However, the WGC statistics do not have therigor of independent audits and are incorrect as shown by the abrupt doubling of China'sdisclosed reservesovernight. As Ed Wener of GATA reported in 2005 and James Turk related in2009, it is highly probable that 12,000 to 15,000 additional metric tons has been leased bythe central banks into the marketplace.

In the March 2001 audit of the Exchange Stabilization Fund (ESF), the Treasury refers its(unconstitutional) powers to"deal in gold, foreign exchange, and other instruments of creditand securities the Secretary considers necessary" to promote "orderly exchangearrangements and a stable system of exchange rates." Along with the blatant remark by

Greenspan above, this appears to me to be a carte blanche to trade in the gold market, andas late as 2000 the FED still publicly reported the ESF as controlling an unspecified portion ofour nation's gold. To this day, the US government and the FED report gold stock on lease andgold in the vault as a single line item.

It is not outside the realm of possibility though unproven - that the US governmentcompleted a gold swap transaction with Germany, where we traded gold stored in the US forgold stored in Germany as Turk surmised in "Behind Closed Doors," which was based on FED

http://www.kitco.com/market/LFrate.htmlhttp://www.kitco.com/market/LFrate.htmlhttp://www.timesonline.co.uk/tol/news/politics/article1655001.ecehttp://www.nolanchart.com/article6228.htmlhttp://www.research.gold.org/reserve_asset/http://www.research.gold.org/reserve_asset/http://dollardaze.org/blog/?post_id=00653http://www.nolanchart.com/article6335.htmlhttp://www.nolanchart.com/article6335.htmlhttp://gata.org/node/104http://gata.org/node/7402http://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://www.federalreserve.gov/Releases/bulletin/0101assets.pdfhttp://www.federalreserve.gov/Releases/bulletin/0101assets.pdfhttp://www.federalreserve.gov/releases/h41/Current/http://www.fgmr.com/clsddoor.htmhttp://towneforcongress.com/http://towneforcongress.com/http://www.kitco.com/market/LFrate.htmlhttp://www.timesonline.co.uk/tol/news/politics/article1655001.ecehttp://www.nolanchart.com/article6228.htmlhttp://www.research.gold.org/reserve_asset/http://www.research.gold.org/reserve_asset/http://dollardaze.org/blog/?post_id=00653http://www.nolanchart.com/article6335.htmlhttp://www.nolanchart.com/article6335.htmlhttp://gata.org/node/104http://gata.org/node/7402http://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://www.federalreserve.gov/Releases/bulletin/0101assets.pdfhttp://www.federalreserve.gov/Releases/bulletin/0101assets.pdfhttp://www.federalreserve.gov/releases/h41/Current/http://www.fgmr.com/clsddoor.htmhttp://towneforcongress.com/


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meeting minutes in 2001. Of course, the swapped gold from Germany would then have beenused by the US government to dump gold on the London market. Recent events withGermany and subsequent Obama-Merkel meetings hint that they may be calling for the returnof their gold. The Bundesbank even published a document back in 2000 that gave ahypothetical example of a gold swap with the FED, see page 37/56.

THE COMMITTEE THAT COULD DESTROY THE WORLD

In February 1999, Time magazine published a coverwith the bold title "The Committee toSave the World." In the future, the truth may be revealed as quite the opposite. Now, almostcertainly, Summers, Rubin, Greenspan and the rest of the cartel believed in the mid-1990sthat the gold suppression scheme could be carried out for 40-50 years before its failureenough time for either a new solution to be found or to see the Keynesian wet dream of oneor very few regional fiat currencies realized. Unfortunately, if the global monetary systemmelts down, the entire world will be adversely affected. (Photo RubinSummersGreenspan)

A key component of the plan was also psychological. Robert Rubin, Treasury Secretary from1995-1999, first coined the"Strong Dollar" policy. When these words needed to be turned intoaction, Greenspan over at the FED could manipulate interest rates, create dollars, andconduct foreign currency operations. Summers worked under Rubin and continued the policyas Treasury Secretary until 2001. Summer's successor was Paul O'Neill who had this to say in2008:

http://news.goldseek.com/GoldSeek/1244050251.phphttp://news.goldseek.com/GoldSeek/1244050251.phphttp://web.archive.org/web/20010603004128/http://www.bundesbank.de/ezb/de/publications/pdf/statintreserves.pdfhttp://www.time.com/time/covers/0,16641,19990215,00.htmlhttp://www.time.com/time/covers/0,16641,19990215,00.htmlhttp://en.wikipedia.org/wiki/Robert_Rubinhttp://en.wikipedia.org/wiki/Robert_Rubinhttp://en.wikipedia.org/wiki/Larry_Summershttp://en.wikipedia.org/wiki/Alan_greenspanhttp://en.wikipedia.org/wiki/Robert_Rubinhttp://www.yourdictionary.com/finance/strong-dollar-policyhttp://www.bloomberg.com/apps/news?pid=20601087&sid=ackYQhodd4Nk&refer=homehttp://www.bloomberg.com/apps/news?pid=20601087&sid=ackYQhodd4Nk&refer=homehttp://towneforcongress.com/http://towneforcongress.com/http://news.goldseek.com/GoldSeek/1244050251.phphttp://news.goldseek.com/GoldSeek/1244050251.phphttp://web.archive.org/web/20010603004128/http://www.bundesbank.de/ezb/de/publications/pdf/statintreserves.pdfhttp://www.time.com/time/covers/0,16641,19990215,00.htmlhttp://en.wikipedia.org/wiki/Robert_Rubinhttp://en.wikipedia.org/wiki/Larry_Summershttp://en.wikipedia.org/wiki/Alan_greenspanhttp://en.wikipedia.org/wiki/Robert_Rubinhttp://www.yourdictionary.com/finance/strong-dollar-policyhttp://www.bloomberg.com/apps/news?pid=20601087&sid=ackYQhodd4Nk&refer=homehttp://www.bloomberg.com/apps/news?pid=20601087&sid=ackYQhodd4Nk&refer=homehttp://towneforcongress.com/


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"When I was Secretary of the Treasury I was not supposed to say anything but "strong dollar,strong dollar." I argued then and would argue now that the idea of a strong dollar policy is avacuous notion... When people say strong dollar, if they don't mean that "we believeintervention can work and we're prepared to intervene," then strong dollar is ridiculous.''

Any veteran investor also realizes the powerful effect of FED statements by Greenspan andnow Bernanke have had on stock and bond market volatility. In 2001, the gold price began its

slow upward march, starting at $275/oz. As James Turkhas documented, gold has risen eightyears in a row, with an annual average gain of 16%. The gold cartel has been beating aretreat.

However, the plan to quietly confiscate the wealth of the American people has an Achillesheel, the same which destroyed the London Gold Pool. If physical gold becomes too scarce onthe futures exchange and enters backwardation, or if the fiat currency debasement becomestoo obvious, the gold price will skyrocket in response and the exchange will lose all its metaland the cartel will default. Furthermore, the gold on lease cannot be repaid to the centralbanks without causing the gold price to soar, and as more people realize the scam worldwide,or become more alarmed by the price rising, the more physical gold is saved.

THE WILES OF "PAPER GOLD" AND "PAPER SILVER"

As previously stated, Gold is the world's smallest major market. In 2007, the last reportedyear, the London Bullion Market Association (LBMA) exchanged over $20 Trillion USD in gold.

This was larger than America's GDP of $14 Trillion USD, and the LBMA trading only representsabout 75% of the world totals. Furthermore, the IFSL estimates the LBMA's volume is quitelikely three-to-five times larger since much of the transactions are increasingly netted out andcleared without appearing in the statistics. This is despite the fact that all of the abovegroundgold stock 160,000 metric tons melted down would fit inside of a cube roughly 20 meters to aside.

Due to industrial consumption, a shocking surprise to many is that silver's abovegroundstocks are far less than gold's. The best estimates range from 30,000 metric tons on the lowend to 60,000 metric tons on the high end - a cube that is at most 18 meters to a side. Asseen in the graph, the market capitalization of silver is just a small fraction of gold's whichmakes it far easier to manipulate.

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In 1974, New York's COMEX futures market was opened to gold trading, paving the way to the"paper gold" derivatives and ETF's of our modern day. In December 2008, the notional valueof all gold derivative contracts was $395 billion USD, or roughly equivalent to 15,000 metrictons of gold. To put this in perspective consider than futures markets are typically used ashedging operations for commodity producers, trading basis risk for price risk. Since theannual production of gold is around 2,500 metric tons, and the contracts are all within a year,the large notional value becomes questionable. And to put this in perspective with silver, in2007 the equivalent of the entire aboveground stock of gold was exchanged every 269trading days while the equivalent of the entire aboveground stock of silver isexchanged every 9 trading days.

Here is another little known fact I dare not omit since gold is saved and not consumed, it'sstocks-to-flow ratio is about 60. This means that there is the equivalent of ~60 years worth ofproduction in aboveground stock for every year of mine production. This is in stark contrast toall other commodities, where the stock-to-flow ratio hovers around 1. Please see the graph.

This ratio is the key reason why gold is money and a currency.

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Perhaps this chart Theodore Butler graciously allowed me to publish from his article "Makingthe Case" most aptly demonstrates the gold and silver manipulation by U.S. Banks below.

http://news.silverseek.com/TedButler/1245173905.phphttp://news.silverseek.com/TedButler/1245173905.phphttp://towneforcongress.com/http://towneforcongress.com/http://news.silverseek.com/TedButler/1245173905.phphttp://news.silverseek.com/TedButler/1245173905.phphttp://towneforcongress.com/


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Furthermore, in a 2003 lawsuit against the world's largest gold producer, Blanchard andCompany charged Barrick Gold with manipulation of the gold price by using central bank gold,Barrick replied that they could not be sued without the central bank and other bullion dealerspresent as necessary parties, and that the central banks had sovereign immunity.Barrick's motion to dismiss was also a confession of the state of the gold market.

"Termination of the forward sales contracts would leave the bullion banks with no right to

recover the promised gold from the gold producers; yet, they will remain obligated to repaythe borrowed gold to the central banks. In order to satisfy their obligations to the centralbanks, the bullion banks would have to purchase gold on the spot market at prices that maybe substantially higher than the price at which they sold the borrowed gold... It would exposethe bullion banks to monumental financial losses." (p. 20-21/24)

Barrick's motion to dismiss was settled out of court, and shortly thereafterBarrickannounced its hedging operations were terminated.

The Barrick Gold case was preceded by Howe vs. BIS, where, as a BIS shareholder,ReginaldHowe charged the Bank of International Settlements, Alan Greenspan, Treasury SecretaryLarry Summers, Goldman Sachs, Deutsche Bank, and others with fraud and manipulation ofthe gold price in the derivatives market and on the COMEX in 2000. In a long, twisting

decision, U.S. federal Judge dismissed the case due to lack of standing. However, none of theclaims were refuted and Lindsay resorted to questionable logic that Greenspan and Summerswere above the law and unable to be sued in 2002. James Turk picks apart the decision in hiscommentary here.

One final but quite important note that due to the nature of futures markets, the goldcartel just as easily can profit when the price rises as when it falls. It is typically rare (~1%)for a paper gold futures contract to be settled in gold. Most often, it is simply rolled over. Thegame of golden musical chairs stops when the expected deliveries of physical metal off theexchange shake the confidence that metal will be delivered, resulting in a heightening ofcounterparty risk.

CONCLUSION

It took me extensive amounts of research to conclude that the gold and silver prices aremanipulated, and GATA was the first and prime source of this information. For many seeingthis for the first time, I apologize if the above is too complex. Looking back, it should havebeen much easier if you listen to the central banks, they literally state they doing this.

One must not forget that central banks are simply government-sanctioned tools of the elite todebase and manipulate the currency in an orderly and politically-expedient manner,regardless of their claims to maintain "political independence." The simple truth is that thecentral banks were designed to control the "money power" which eventually MUST and WILLBE returned to We the People.

However, I expect no one to believe the same as I without doing the same research as I have,and to that effect, please see the below source list. Any questions, especially feedback to thecontrary, please ask them below and I will do my best in replying in a timely fashion.

Lastly, let's ask what if I am wrong, what are the consequences? Nothing.

But what about the possibility that GATA, myself, and many others are correct? Then LarrySummers, the director of the Obama administration National Economic Council, should

http://www.gata.org/files/BarrickConfessionMotionToDismiss.pdfhttp://www.gata.org/files/BarrickConfessionMotionToDismiss.pdfhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.fgmr.com/howe-bis.htmhttp://www.nolanchart.com/article6417.htmlhttp://towneforcongress.com/http://towneforcongress.com/http://www.gata.org/files/BarrickConfessionMotionToDismiss.pdfhttp://www.gata.org/files/BarrickConfessionMotionToDismiss.pdfhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.fgmr.com/howe-bis.htmhttp://www.nolanchart.com/article6417.htmlhttp://towneforcongress.com/


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receive a trial by jury, not left free to continue to meddle with the world economy. Asindividuals, we must end this charade and help destroy the gold cartel or the gold cartel willproceed to annihilate what's left of the free market in our America, the greatest nation to everbe conceived in the liberty of the individual by the minds of men.

Got physical gold? Physical silver? (Please note ETF funds like GLD and SLV, run by cartelmembers HSBC Bank and JP Morgan Chase Bank, do not count.)

SOURCE LIST

Butler, Theodore. 2009. "Making the Case." Butler's archive is here.

Douglas, Adrian. 2008. "Major GATA Battle Victories in the Gold War." See p. 3-5 on the BISand Barrick cases.

Douglas, Adrian. 2009. "The Alchemists." On gold and silver ETF's (Exchange Traded Funds)and redemption of COMEX contracts.

Greenspan, Alan. 1998.Testimony to Congress on the regulation of OTC derivatives. "Centralbanks stand ready to lease gold in increasing quantities should the price rise."

Greenspan, Alan. 1966. "Gold and Economic Freedom."

Hepburn, Andrew. 2002. "An Examination of Evidence Indicating Exchange Stabilization andFederal Reserve Gold Market Activity."

Howe, Reginald. 2000. Complaint for U.S. District Court Civil Action 00-CV-12485-RCL. Howesues Summers, Greenspan, the BIS, Goldman Sachs, JP Morgan, and others for suppression ofthe gold price. See also the dismissal by Judge Lindsayand below analysis by James Turk.

Howe, Reginald. 2001. "Gibson's Paradox Revisited." Analysis of Summer's essay.

Murphy, Bill. 2009. "GATA's Tenth Anniversary: Gold Manipulation Evidence Mounts." Bill's

column is available for a free two-week trial at www.LemetropoleCafe.com.

Summers, Lawrence. 1988. "Gibson's Paradox and the Gold Standard."

Powell, Chris. 2008. "A New Summary of GATA's Work."

Towne, Jake. 2008. "How the FED Works."

Towne, Jake. 2009. "R.I.P. - The London Gold Pool, 1961-1968." Proof from the FED theymanipulated the gold market with other central banks in the 1960s.

Towne, Jake. 2009. "Ron Paul's rEVOLution Versus the "One Ring" of the Federal Reserve."

Towne, Jake. 2009. "Silver and Gold ARE Money." Summary of gold and silver market facts.

Towne, Jake. 2008. "The End for the Dollar and All Fiat Currencies." Beginning of a six-parteducational series on futures markets and gold.

Towne, Jake. 2009. "The Real Interest Rate." Demonstrates the confiscation of the purchasingpower of the American people by the U.S. government.

http://www.marketforceanalysis.com/index_assets/The%20Alchemists3.pdfhttp://news.silverseek.com/TedButler/1245173905.phphttp://www.butlerresearch.com/archive_free.htmlhttp://www.butlerresearch.com/archive_free.htmlhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://www.marketforceanalysis.com/index_assets/The%20Alchemists3.pdfhttp://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htmhttp://www.usagold.com/gildedopinion/greenspan.htmlhttp://www.gata.org/node/4250http://www.gata.org/node/4250http://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.goldensextant.com/Gibson'sParadox.html#anchor82230http://news.goldseek.com/LemetropoleCafe/1232380800.phphttp://www.lemetropolecafe.com/http://www.gata.org/files/gibson.pdfhttp://gata.org/node/6519http://gata.org/node/6519http://www.nolanchart.com/article5489.htmlhttp://www.nolanchart.com/article6535.htmlhttp://www.nolanchart.com/article6417.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article5595.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/http://towneforcongress.com/http://www.marketforceanalysis.com/index_assets/The%20Alchemists3.pdfhttp://news.silverseek.com/TedButler/1245173905.phphttp://www.butlerresearch.com/archive_free.htmlhttp://marketforceanalysis.com/Publication08_assets/GATA%20Victories%20in%20the%20Gold%20War.pdfhttp://www.marketforceanalysis.com/index_assets/The%20Alchemists3.pdfhttp://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htmhttp://www.usagold.com/gildedopinion/greenspan.htmlhttp://www.gata.org/node/4250http://www.gata.org/node/4250http://www.goldensextant.com/Complaint.html#anchor3130http://www.goldensextant.com/Lindsay%20Decision.pdfhttp://www.goldensextant.com/Gibson'sParadox.html#anchor82230http://news.goldseek.com/LemetropoleCafe/1232380800.phphttp://www.lemetropolecafe.com/http://www.gata.org/files/gibson.pdfhttp://gata.org/node/6519http://www.nolanchart.com/article5489.htmlhttp://www.nolanchart.com/article6535.htmlhttp://www.nolanchart.com/article6417.htmlhttp://www.nolanchart.com/article6228.htmlhttp://www.nolanchart.com/article5595.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/


10/12

Towne, Jake. 2008. "What the Heck are Derivatives?" Introduction to derivatives and futuresmarkets.

Turk, James. 2009. "A Short History of the Gold Cartel."

Turk, James. 2001. "Behind Closed Doors." On the mobilization of US gold reserves andpossibility of gold swaps with the Bundesbank.

Turk, James. 2002. "Howe vs. BIS." Analysis of Judge Lindsay's dismissal statement.

Turk, James. 2009. "The FED's Blueprint for Market Intervention."

US Treasury Department. 2001. "Audit of the Exchange Stabilization Fund's Fiscal Years 2000and 1999 Financial Statements."

Wener, Ed. 2005. "A Look at Central Bank Reserves."

_______________________________________________________________________

The Money Matrix Series

1. The Money Matrix - Prelude (PART 1/15)

2. The Money Matrix - What is a Dollar Bill Worth? (PART 2/15)

3. The Money Matrix - What Makes Money Money? (PART 3/15)

4. The Money Matrix - What is Honest Money? (PART 4/15)

5. The Money Matrix on the Grand Deception of Seigniorage (PART 5/15)

6. The Money Matrix - How the FED Works (PART 6/15)

7. The Money Matrix - Who Owns the FED (UPDATED PART 7/15)

8. The Money Matrix on "Credetary" Inflation and Deflation (PART 9/15)

9. The Money Matrix - What the Heck Are Derivatives? (PART 10/15)

10. The Money Matrix - Bring Light to Dark Derivatives! (PART 11/15)

11. Unlocking the Money Matrix - The Real Interest Rate (PART 12/15)

_______________________________________________________________________

We the People of the United States, in Order to form a more perfect Union, establish Justice,insure domestic Tranquility, provide for the common defence, promote the general Welfare,and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish thisConstitution for the United States of America.

As always, unlike the NFL, the author grants full permission to allow any accounts of,rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in orderto promote the Restoration of our Republic.

http://www.nolanchart.com/article5620.htmlhttp://gata.org/node/7402http://www.fgmr.com/clsddoor.htmhttp://www.fgmr.com/howe-bis.htmhttp://www.goldensextant.com/Lindsay%20Decision.pdfhttp://gata.org/node/7096http://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://gata.org/node/104http://www.nolanchart.com/article4396.htmlhttp://www.nolanchart.com/article4401.htmlhttp://www.nolanchart.com/article4411.htmlhttp://www.nolanchart.com/article4440.htmlhttp://www.nolanchart.com/article4580.htmlhttp://www.nolanchart.com/article5489.htmlhttp://www.nolanchart.com/article6558.htmlhttp://www.nolanchart.com/article6260.htmlhttp://www.nolanchart.com/article5620.htmlhttp://www.nolanchart.com/article6266.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/http://towneforcongress.com/http://www.nolanchart.com/article5620.htmlhttp://gata.org/node/7402http://www.fgmr.com/clsddoor.htmhttp://www.fgmr.com/howe-bis.htmhttp://www.goldensextant.com/Lindsay%20Decision.pdfhttp://gata.org/node/7096http://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://www.treas.gov/inspector-general/audit-reports/2001/oig01061.pdfhttp://gata.org/node/104http://www.nolanchart.com/article4396.htmlhttp://www.nolanchart.com/article4401.htmlhttp://www.nolanchart.com/article4411.htmlhttp://www.nolanchart.com/article4440.htmlhttp://www.nolanchart.com/article4580.htmlhttp://www.nolanchart.com/article5489.htmlhttp://www.nolanchart.com/article6558.htmlhttp://www.nolanchart.com/article6260.htmlhttp://www.nolanchart.com/article5620.htmlhttp://www.nolanchart.com/article6266.htmlhttp://www.nolanchart.com/article6542.htmlhttp://towneforcongress.com/


11/12

Veritas numquam perit. Veritas odit moras. Veritas vincit. Truth never perishes. Truth hatesdelay. Truth conquers.

Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldlyagainst it.

___________________________________________________________

Gold and Silver Investigation Source List

A Quick History of Gold

GO GATA! The premise of the Gold Anti-Trust Action Committee that the world gold market isartificially suppressed by central banks in order to make their currencies look stronger. 25minute introductory "Gold Rush 21" movie.

Gnazzo, Douglas. 2008. Honest Money. The prelude to the book can be read here "IsAmerica Broke?" Part 1. Part 2.

www.GoldMoney.com - GoldMoney is an international gold and silver warehouse with insured

vaults in London and Zurich. Ability to hold and pay interest on six major fiat currencies,issue electronic payments in goldgrams, silver ounces, etc. Gold can be removed in 100gram, 1000 gram, or ~400 oz. bars. Silver can be redeemed in ~1000 oz bars.

The World Gold Council- A wealth of information on central bank holding, gold derivatives,supply and demand statistics and more. Free login required.

Rothbard, Murray N. "What has the Government Done with Our Money?" (1990) A 50-pagedocument that describes Austrian economics. Rothbard has written a host of other greatsources as well, like the 1994 work "The Case Against the Fed."

www.jsmineset.com Expert Jim Sinclair shares his thoughts on gold investing, financialmarkets, and trading. For free!

www.DollarCollapse.com This site's main use is as a newsfeed for dollar, gold, and housingmarket current events. They explain their dollar collapse theory here, which I partly agreewith.

www.SilverSeek.com I particularly enjoy reading the columns of Theodore Butler and JasonHommel

www.GoldSeek.com The sister site of SilverSeek. The Mogambu Guru's (aka RichardDaughty) column has tunnel vision but hilarious and educational..

www.SilverAxis.com - Tom Szabo writes a highly knowledgeable column and is a usefulcounterargument to GATA and Butler.

www.professorfekete.com A seriously pro-gold scholar.

www.lemetropolecafe.com Offers timely gold market advice and a daily "Midas" column. Trythe 2-week free trial.

http://www.nma.org/pdf/gold/gold_history.pdfhttp://www.gata.org/node/6519http://gata.org/goldrush21http://gata.org/goldrush21http://www.honestmoneyreport.com/index.phphttp://www.honestmoneyreport.com/http://www.honestmoneyreport.com/archives/2009/0104.pdfhttp://www.honestmoneyreport.com/archives/2009/0103.pdfhttp://www.nolanchart.com/www.GoldMoney.comhttp://www.research.gold.org/http://www.research.gold.org/http://mises.org/rothbard/rothmoney.pdfhttp://mises.org/books/fed.pdfhttp://www.nolanchart.com/www.jsmineset.comhttp://www.nolanchart.com/www.DollarCollapse.comhttp://dollarcollapse.com/faq/default.asp?CATE=0#3http://www.nolanchart.com/www.SilverSeek.comhttp://www.goldseek.com/http://www.dailyreckoning.com/Writers/Mogambo/DREssays/MG092308.htmlhttp://silveraxis.com/todayinsilver/http://www.professorfekete.com/http://www.lemetropolecafe.com/http://towneforcongress.com/http://towneforcongress.com/http://www.nma.org/pdf/gold/gold_history.pdfhttp://www.gata.org/node/6519http://gata.org/goldrush21http://gata.org/goldrush21http://www.honestmoneyreport.com/index.phphttp://www.honestmoneyreport.com/http://www.honestmoneyreport.com/archives/2009/0104.pdfhttp://www.honestmoneyreport.com/archives/2009/0103.pdfhttp://www.nolanchart.com/www.GoldMoney.comhttp://www.research.gold.org/http://mises.org/rothbard/rothmoney.pdfhttp://mises.org/books/fed.pdfhttp://www.nolanchart.com/www.jsmineset.comhttp://www.nolanchart.com/www.DollarCollapse.comhttp://dollarcollapse.com/faq/default.asp?CATE=0#3http://www.nolanchart.com/www.SilverSeek.comhttp://www.goldseek.com/http://www.dailyreckoning.com/Writers/Mogambo/DREssays/MG092308.htmlhttp://silveraxis.com/todayinsilver/http://www.professorfekete.com/http://www.lemetropolecafe.com/http://towneforcongress.com/


12/12

Paul, Ron. "Pillars of Prosperity." (2008) A 400+ page compilation of Dr. Paul's writings. Afterreading these, one realizes that Dr. Paul did very little recent work in putting together hisbest-selling "The Revolution" as most of this book was written 20+ years ago.

Millar, Peter. "The Relevance and Importance of Gold in the World Monetary System."(2006). Self-explanatory title. Understanding Graph 2 on page 3 is key.

The above is copyrighted by Jake Towne 2009 and released to the public domain.Attributation to the author is appreciated but not required.

http://mises.org/books/prosperity.pdfhttp://gata.org/files/PeterMillarGoldNoteMay06.pdfhttp://towneforcongress.com/http://towneforcongress.com/http://mises.org/books/prosperity.pdfhttp://gata.org/files/PeterMillarGoldNoteMay06.pdfhttp://towneforcongress.com/

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Jake Towne - The Summers Gold Price Suppression Scheme (July 2009)

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