First of all;
The Euro is not backed solely by gold. Each of the countries in the European community can project their spendings for years in advance the same as we can do here in the United States.

We are allowed by Constitutional law to spend ahead up to, but not over fourteen years ahead.

This is a law that allows our country to be in debt. We pay interest on that debt and that interest is paid to the Federal Reserve.

Therefore it is impossible to bankrupt the Federal Reserve.
The best we can hope for is to shut them down. So long as they operate they are entitled to draw the interest on our projected spending.

The wisest decision would not necessarily be to put them out of business, because afterall they are able to manage money markets on a global basis and therefore help bring stability.

What we should do is take away their power to dictate interest rates and pay them a token rate of about one-tenth of a percentage point.

We should also take away their power to charge member banks an interest rate above one percentile.

They should be allowed to make private trade agreements but not to dictate national trade agreements with other nations.

Also they should not be allowed to be the dictators of the WTO which in concept can be a wise facility for negotiating trade.

None of their personal members or persons who are members of their member banks or other businesses should be allowed to hold public office.

They should be treated as a foreign entity which they are, and not as the lawmakers they have become.

We are supposed to choose our lawmakers in this country.
They (the feds.) are afterall a private corporation and are not a part of the legal legislative bodies of our government.

We should use the federal reserve as a tool and not allow ourselves to be used by them or dictated to by them.

As they spread "credit" throughout the globe and keep the currency flowing between nations they will succeed in stabalizing the global markets...if their power is broken and they become the used instead of the users.

: From Rayelan: This is long, but it is VERY important!

: Over the weekend, I "ran" into one of my Sources. I
: find this funny, because I haven't seen or heard from them
: in months. I am sure they knew I was moving over the
: weekend, I announced it on the webpage and in an email. He
: contacted me at a time when all of my computers were packed
: and I could not get online.

: The jist of the conversation rambled from the major
: corporation's control of food, to water rights, to the
: flouridation of California's water at the order of Governor
: Davis, to gold with many other "smaller" topics
: sandwiched in between!

: During the conversation, which could have been monitered by
: anyone, I kept thinking to myself, "I know he is
: telling me something very important. Which piece of the
: puzzle does he want me to focus on?"

: In the next few days, I received several messages from another
: researcher. I was too exhausted to call back so he finally
: emailed me.

: "What's going on with at the U.S. Treasury?" he
: asked.

: Suddenly some of the bits and pieces of the conversation I had
: with my Source began to make sense.

: I emailed back, "Do you think the Federal Reserve is
: getting ready to be replaced with Treasury banks?"

: He replied, "People are dumping dollars and buying gold.
: No one is reporting it. The Treasury Department and
: Secretary O'Neill are going to be left holding the bag and
: taking the blame for the demise of the Fed. Bush and
: O'Neill are charting different paths. It seems O'Neill is
: dancing to someone else's tune. What's going on?"

: Then I received the following from another Source who has been
: following the huge "metal trusts" in Europe.

: "We have UNprecedented activity that... the monetary and
: banking changes VERY VERY soon."

: He added,

: "We need to SUPPORT the men and women who are
: implementing the new banking systems around the world.
: Whatever you can do to send out info telling people that
: the GOOD PATRIOTS are the ones behind everything, will help
: a lot.

: By the way, there are several of our people who have played
: double agent roles: Top guy at Fed (who wrote PhD thesis on
: the ideal banking and
: monetary system which is having precious-metals backed
: currency etc.),

: Top lady in HIGH justice, past high military folks, and many
: others. They will probably be prominent in bringing forth
: these changes and we need to support them with our prayers
: and in other ways.

: They have done what was necessary to BE IN POSITIONS of POWER
: to get this huge shift done when the time came.

: Also, most of the riff raff of our gov. is being cleaned out
: in one fell sweep! YOU will LOVE this!"

: Over the years, I have had numerous conversations with this
: fellow and with several others who are also involved in
: various "metal trusts". I have know of the plan
: to "break the back of the FED", since 1991. I
: knew that the plan involved the "metal trusts".

: I have also known that the "Plan" involved creating
: United States Treasury Banks to replace the Fed.

: When I was in Austria in 1994, I was told that when the Euro
: goes "online", backed by GOLD, the dollar will
: plummet, the Federal Reserve will be bankrupted and the
: American people will get out from under the yoke of
: oppressive taxation which feeds the FED via the IRS.

: I was told to expect three things to happen all at once.

: 1. The dollar will plummet and gold will rise

: 2. The Federal Reserve will be bankrupted and be disolved. (It
: is doubtful if the American people will be told that the
: Fed is bankrupt. Such news would create panic in the
: streets. More than likely, one night we will go to sleep
: with Federal Reserve banks, and the next morning we will
: wake up with United States Treasury Banks.)

: 3. The income tax will be replaced by a national sales tax.

: Tonight I received the following email from Bill Murphy,
: Chairman of GATA, Gold Anti-Trust Action Committee

: While I have many different pieces of the puzzle, and while I
: know how dangerous it has been for the "double
: agents" who have "lived" withing the
: "belly of the beast" for many years, I still have
: not been able to put ALL the pieces together.

: I would appreciate the help of our finacially astute readers
: and Agents. If you think you have a piece of the puzzle
: please post it as a reply (if you are an RMNews Agents), or
: email it to

: EDITOR_RMNEWS@yahoogroups.com

: I will be following up my initial information with a few phone
: calls, and hopefully by tomorrow afternoon, I will have
: MORE pieces of this puzzle.

: In the meantime, check out http://www.nesara.com

: This website shows the way for us to lift off the oppresive
: yoke of the International Bankers and take back control of
: our money and our nation.

: Here is what Bill Murphy emailed me:
: First some PITHY excerpts for those who can't take the time to
: read the entire email and supporting articles: "GATA
: has come up with the goods on what the
: "strong dollar" policy is all about. A significant
: part of that strategy was the manipulation of the
: gold market. GATA has them nailed and they are
: panicking because they know once we prove our
: case that they will be liable to the most monstrous
: law suits in history."

: "Russia is getting ready for the dollar to crash.
: Preparedness measures have moved from the realm
: of published warnings, to concrete actions, such
: as the Central Bank's decision to put the gold
: chervonets coin into circulation..."

: "Robert Hormats, the vice chairman of Goldman Sachs,said
: Thursday he believes the dollar is overvalued against the
: euro, and the White House would like the dollar to
: depreciate but
: is uncertain how to do this without triggering a sharp,
: disruptive move in the currency markets."

: "Does any mainstream Wall Street groupie believe
: that ex-Goldman Sachs CEO Rubin, who organized the
: biggest market (gold) FRAUD in history, is a stand
: up guy about what he said in Congress that the US
: should continue his strong dollar policy, while two
: of the most visible Goldman Sachs officials are
: going out of there way at the same time to TALK
: THE DOLLAR DOWN?

: All of this, while the GATA camp pushes on to
: expose the truth about how these "elitists"
: have frauded the gold world for MANY years.

: Goldman Sachs is panicking because they know GATA
: is winning the day and we have the goods on them.

: Congress is still being bombarded by GATA supporters
: asking Greenspan and O'Neill to answer our queries
: truthfully."

: "The Gold Cartel is in a bit of a
: panic as a result of the activities of the GATA army.
: Greenspan, Mattingly and now ALL OF A SUDDEN those
: good ole boys, Goldman Sachs, seem unnerved!

: Keep the faith out there gold bulls.

: GATA's "Enveloping Horn" tactics have The Gold
: Cartel confused and bewildered. They cannot believe
: a rag tag army like all of us is socking it to them."

: Subj: BULLETIN: Something Is Up - Dollar Headed South -
: Crooked Goldman Sachs Panicking!
: Date: 7/26/2001 10:20:53 PM Pacific Daylight Time
: From: LePatron@LeMetropoleCafe.com

: To: Rayelan@aol.com

: Le Metropole Members,

: Something Is Up - Dollar Headed South - Crooked
: Goldman Sachs Panicking!

: First: Washington, July 25 (Bridge News) - Goldman Sachs
: chief U.S. economist William Dudley Wednesday urged
: the United States to shift away from its support for
: a "strong" U.S dollar, saying such a shift now would
: reduce the risk of a collapse later…

: "Failure to scrap the strong dollar policy now at a
: time when people want to hold dollar investments
: "heightens the risk of a sharp adjustment later,"
: Dudley said. "It would not be pleasant if U.S.
: policy makers were forced to jettison the strong
: dollar policy under duress."

: Then my commentary in last night's Midas: What the heck is
: going on here? How does one
: implement a strong dollar policy anyway? What does
: that mean? Does it involve covert market
: interventions? Why doesn't anyone ask Rubin what
: "the policy" was exactly that was so effective?
: Note that Goldman Sach's Dudley also stated, "the
: strong dollar helped to keep inflation in check."
: This certainly fits in with the GATA camp
: allegations that Rubin's motive for manipulating
: gold and keeping it at low prices was to allay any
: inflation fears and to enhance dollar support.

: Dudley's PREPARED testimony before Congress most
: certainly had the blessing of the highest ups at
: Goldman Sachs. Rubin is now at CitiGroup. Goldman
: Sachs is one of the major riggers of the gold price
: that was set in motion while Rubin was at the
: Treasury. Is Goldman feeling some heat as a result
: of Reg Howe's suit and GATA's commotion? We
: certainly know Greenspan and O'Neill are. Does Goldman
: want an end to the strong dollar policy, which
: really means it wants out of the gold rigging game?

: NOW!!

: Just in from: Chris Taylor of Taimex Trading Ltd in Dunedin,
: NEW ZEALAND
: Did you see following?

: DJ REPEAT: Goldman Sachs' Hormats: Dlr Overvalued Vs Euro

: By Alex Keto
: Of DOW JONES NEWSWIRES

: WASHINGTON (Dow Jones)--Robert Hormats, the vice
: chairman of Goldman Sachs,said Thursday he believes
: the dollar is overvalued against the euro, and the
: White House would like the dollar to depreciate but
: is uncertain how to do this without triggering a sharp,
: disruptive move in the currency markets.

: In an interview with Dow Jones Newswires, Hormats said
: the Bush administration has inherited its strong-dollar
: policy from the Clinton White House, but the economic
: situation is sharply different.

: The key to the dollar's strength lies in the
: expectation that the U.S. economy will perform
: better in the future. He said this explained why
: the dollar has risen against the euro this year
: even as the Federal Reserve has cut interest rates.

: Hormats also said that when then-Treasury Secretary
: Robert Rubin reiterated his stance that a strong dollar
: was in the U.S.'s interest, he was doing so at a
: time when the U.S. economy was very robust. Now,
: however, the Bush administration is forced to
: continue the policy even though the economy has
: weakened and a lower dollar would benefit U.S.
: manufacturers and exports.

: "We do not have a very good idea how to get the
: dollar down in a gradual way," Hormats said.

: Hormats said that the history of the currency market
: has been that when a government seeks to lower the
: value of the currency, market forces take over and the
: currency "goes too far south."

: Nevetheless, Hormats said "there are some good
: arguments for doing it (lowering the value of the dollar)
: if you can do it successfully."

: Hormats also said he suspects the Bush administration
: actually wants to see the dollar decline somewhat to
: give the U.S. economy a lift, but won't say so for
: fear of triggering turmoil in the currency markets.

: To back up this statement, Hormats pointed to
: conflicting statements that have come from
: administration officials, including President
: George W. Bush, over the past few weeks.

: A little more than a week ago, Bush said he saw
: both benefits and drawbacks to the strong dollar and
: then stated he was willing to let the market
: determine the dollar's proper value. On Monday,
: Treasury Secretary Paul O'Neill said the
: president's comments don't represent a shift away
: from the U.S.'s strong dollar policy and added,
: for good measure, that he was the chief spokesman
: for the administration on dollar policy.

: This in turn sparked a comment from White House
: spokesman Ari Fleischer that O'Neill is, in fact,
: the chief spokesman on the dollar except when the
: president is expressing his own views.

: This confusion of who speaks with authority on the dollar
: "puzzles me,"

: Hormats said but he added that keeping the market confused
: wasn't necessarily bad policy.

: In any case, "this current skirmishing is not the
: worst thing in the world," Hormats said.

: He did say that he thought that members of the
: administration should show "more discipline" when
: commenting on the dollar in general. Specifically,
: O'Neill should consider limiting the range of his
: comments somewhat, Hormats said.

: "He would be better served by speaking about fewer
: subjects," Hormats said.

: -By Alex Keto, Dow Jones Newswires; 202-862-9256;
: Alex.Keto@dowjones.com

: -END-

: God forbid that O'Neill should tell Congress the truth
: about Goldman Sachs and the gold market!

: THIS IS ORCHESTRATED HORSE MANURE !!

: Dudley!, then quickly followed by Hormats! -
: hello naïve world.

: GATA has come up with the goods on what the
: "strong dollar" policy is all about. A significant
: part of that strategy was the manipulation of the
: gold market. GATA has them nailed and they are
: panicking because they know once we prove our
: case that they will be liable to the most monstrous
: law suits in history.

: Why else Dudley? Then immediately thereafter,
: Hormats? Meanwhile, one of the most hideous
: humans on earth, Mr. Corporate of corporates,
: His Royal Anus Robert Rubin, says that the U.S
: should continue his globally hurtful "strong
: dollar policy." Can it be more clear that what
: he said to Congress was JUST SHOW?

: Does any mainstream Wall Street groupie believe
: that ex-Goldman Sachs CEO Rubin, who organized the
: biggest market (gold) FRAUD in history, is a stand
: up guy about what he said in Congress that the US
: should continue his strong dollar policy, while two
: of the most visible Goldman Sachs officials are
: going out of there way at the same time to TALK
: THE DOLLAR DOWN?

: All of this, while the GATA camp pushes on to
: expose the truth about how these "elitists"
: have frauded the gold world for MANY years.

: Goldman Sachs is panicking because they know GATA
: is winning the day and we have the goods on them.

: Congress is still being bombarded by GATA supporters
: asking Greenspan and O'Neill to answer our queries
: truthfully. I don't think a Senator or Congressman
: in Georgia has not been contacted by the GATA army
: as a result of what was sent to me today.

: Is Goldman Sachs begging Gold Cartel headquarters to
: be let out of a massive gold short position because the
: East has caught on to their scam? Goldman Sachs
: has historically been all over Russia and done much
: business in that country.

: Regard the Café's latest from: Russians Anticipate Dollar and
: Bush Crash by
: Rachel Douglas

: Russia is getting ready for the dollar to crash.
: Preparedness measures have moved from the realm
: of published warnings, to concrete actions, such
: as the Central Bank's decision to put the gold
: chervonets coin into circulation...

: It was the outspoken economist Tatyana Koryagina,
: who suggested in her testimony to Sergei Glazyev's
: State Duma hearings on June 29 (EIR, July 6 and 20)
: that holders of dollars will soon be able to use
: them for nothing but wallpapering their toilet stalls.

: She was interviewed by the newspaper Pravda on
: July 12, about her forecasts of a mid-August
: blow-out of the entire world financial system, the
: U.S. economy and the dollar first and foremost.
: Koryagina's forecast of an August U.S.-centered
: financial breakdown is clearly being debated
: throughout Russia…

: -END-

: Which takes me to feedback on Ms. Douglas' essay of
: this evening from a VERY savvy Café member: FWIW, Bill, I
: studied Russian history at the
: University of Washington in Seattle during the
: early 90s under one of the most prominent American
: scholars ever of Soviet affairs. He's deceased now.

: The guy is rumoured to have done plenty of work for
: the American intelligence agencies, some of it evidently
: undercover in the Soviet Union, so there is no
: question of his 'orientation' or 'loyalty'.

: One of the things he asserted several times in the
: classroom was that despite the oddball nature of
: many of LaRouche's theories, his organisation was
: simply the fastest and most reliable in the world
: as regards intelligence gathering - and that they
: were often better informed on current events than
: the US govt's agencies.

: So I don't think you're out of line referring to
: the guy in the sense of the accuracy of their info. A
: distinction does need to be drawn between the info.
: and the political views of LaRouche however, and
: many folks aren't aware of the fact that this is
: even possible.

: Hugh.

: Thanks Hugh. All I said was that he was controversial.
: So is GATA!

: I say once again, The Gold Cartel is in a bit of a
: panic as a result of the activities of the GATA army.
: Greenspan, Mattingly and now ALL OF A SUDDEN those
: good ole boys, Goldman Sachs, seem unnerved!

: Keep the faith out there gold bulls.

: GATA's "Enveloping Horn" tactics have The Gold
: Cartel confused and bewildered. They cannot believe
: a rag tag army like all of us is socking it to them.

: As a GATA supporter said yesterday, "they ain't
: seen nothin yet."

: Keep chucking those spears. They are landing.

: Bill Murphy
: Chairman
: Gold Anti-Trust Action Committee

: Le Metropole Cafe

: All the best,

: Bill Murphy
: Le Patron
: www.LeMetropoleCafe.com