No wonder Clinton has a 'cat that ate the canary'
grin on his face every time he's on the news.
Excerpt:
> Reports during the annual financial certification
> process over the last year by GAO have reported
> missing money and money unaccounted for in the
> trillions.
----- Original Message -----
From: <LePatron@LeMetropoleCafe.com>
Sent: Sunday, December 10, 2000 7:16 PM
Subject: Caf� Chat's Catherine Austin Fitts and Jim Cullinane / Battle Stations
> 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 Caf�
> members to check into Caf� 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 Caf� 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 Caf� 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 Caf� 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 Caf� 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
>