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Message: The Canadian Connection....Midas tonight.

The Canadian Connection....Midas tonight.

posted on Feb 26, 2008 04:50PM
As a Canadian it is most edifying to know that our three largest banks are solid contributors to the fraudulent suppression of the price of gold.2/26 Bix Weir - COMEX GOLD withdrawal solved... and the GLD "Conspiracy"

COMEX GOLD withdrawal solved...
and the GLD "Conspiracy"

Hi Bill,

Looks like GLD finally added to their inventory this year.

http://streettracksgoldshares.com/us/value/gb_value_usa.php

Yesterday they added 8.3 tons. That will likely increase over the next few days based on Bryant's observation in yesterday's Midas report that 14.4 tons was removed from the COMEX.

I think the most interesting thing here is that although the "gold market observers" will cite the GLD inventory increase as the reason for the strong gold price action, the reality is that whomever withdrew the gold likely still owns it just held in the GLD inventories as a deposit of an authorized participant.

Let's narrow down the GLD "Authorized Participants".

Ladies and Gentleman I present the GOLD CARTEL....

Bear Hunter Structured Products LLC
Bear, Stearns & Co. Inc.
BMO Capital Markets Corp.
CIBC World Markets Corp.
Citigroup Global Markets Inc.,
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
Fimat USA, LLC
Goldman, Sachs & Co.,
Goldman Sachs Execution & Clearing L.P.
HSBC Securities (USA)Inc.
J.P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Professional Clearing Corp.
RBC Capital Markets Corporation
UBS Securities LLC
EWT, LLC

Of course, EWT, LLC is the computer program trading ring leader, but all of the above are involved in the "conspiracy" since a reasonable owner of physical gold would want the value of their asset to rise and not be encumbered by another. "Authorized Participants" are not paid any fees to deposit their gold in the GLD vaults so the only other reason to do this would be to divert investment dollars away from real physical gold. These "Authorized Participants" are working TOGETHER to influence the price of gold.

According to US law this is the definition of "Conspiracy".

Bix
Bix.Weir@gatx.com

http://www.lectlaw.com/def/c103.htm

CONSPIRACY - 18 U.S.C. 371 makes it a separate Federal crime or offense for anyone to conspire or agree with someone else to do something which, if actually carried out, would amount to another Federal crime or offense. So, under this law, a 'conspiracy' is an agreement or a kind of 'partnership' in criminal purposes in which each member becomes the agent or partner of every other member.

In order to establish a conspiracy offense it is not necessary for the Government to prove that all of the people named in the indictment were members of the scheme; or that those who were members had entered into any formal type of agreement; or that the members had planned together all of the details of the scheme or the 'overt acts' that the indictment charges would be carried out in an effort to commit the intended crime.

Also, because the essence of a conspiracy offense is the making of the agreement itself (followed by the commission of any overt act), it is not necessary for the Government to prove that the conspirators actually succeeded in accomplishing their unlawful plan.

What the evidence in the case must show beyond a reasonable doubt is:

First: That two or more persons, in some way or manner, came to a mutual understanding to try to accomplish a common and unlawful plan, as charged in the indictment;

Second: That the person willfully became a member of such conspiracy;

Third: That one of the conspirators during the existence of the conspiracy knowingly committed at least one of the methods (or 'overt acts') described in the indictment; and

Fourth: That such 'overt act' was knowingly committed at or about the time alleged in an effort to carry out or accomplish some object of the conspiracy.

An 'overt act' is any transaction or event, even one which may be entirely innocent when considered alone, but which is knowingly committed by a conspirator in an effort to accomplish some object of the conspiracy.

A person may become a member of a conspiracy without knowing all of the details of the unlawful scheme, and without knowing who all of the other members are. So, if a person has an understanding of the unlawful nature of a plan and knowingly and willfully joins in that plan on one occasion, that is sufficient to convict him for conspiracy even though he did not participate before, and even though he played only a minor part.

Of course, mere presence at the scene of a transaction or event, or the mere fact that certain persons may have associated with each other, and may have assembled together and discussed common aims and interests, does not necessarily establish proof of a conspiracy. Also, a person who has no knowledge of a conspiracy, but who happens to act in a way which advances some purpose of one, does not thereby become a conspirator.

A combination or agreement of two or more persons to join together to attempt to accomplish some unlawful purpose. It is a kind of 'partnership in criminal purposes,' and willful participation in such a scheme or agreement, followed by the commission of an overt act by one of the conspirators is sufficient to complete the offense of 'conspiracy' itself even though the ultimate criminal object of the conspiracy is not accomplished or carried out. To establish the offense of 'conspiracy' the Government must prove:

(1) That two or more persons in some way or manner, came to a mutual understanding to try to accomplish a common and unlawful plan, as charged in the indictment; (2) That the person willfully became a member of such conspiracy; (3) That one of the conspirators during the existence of the conspiracy knowingly committed at least one of the methods (or 'overt acts') described in the indictment; and (4) That such 'overt act' was knowingly committed at or about the time alleged in an effort to effect or accomplish some object or purpose of the conspiracy.

A person may become a member of a conspiracy without full knowledge of all of the details of the unlawful scheme or the names and identities of all of the other alleged conspirators. So, if a person has an understanding of the unlawful nature of a plan and knowingly and willfully joins in that plan on one occasion, that is sufficient to convict him for conspiracy even though he had not participated before and even though he played only a minor part.

Of course, mere presence at the scene of a transaction or event, or the mere fact that certain persons may have associated with each other, and may have assembled together and discussed common aims and interests, does not necessarily establish proof of a conspiracy. Also, a person who has no knowledge of a conspiracy, but who happens to act in a way which advances some purpose of one, does not thereby become a conspirator.

An agreement between two or more persons to do an unlawful act or an act which may become by the combination injurious to others. Formerly this offence was much more circumscribed in its meaning than it is now. Lord Coke describes it as 'a consultation or agreement between two or more to appeal or indict an innocent person falsely and maliciously, whom accordingly they cause to be indicted or appealed and afterwards the party is acquitted by the verdict of twelve men.'

The crime of conspiracy, according to its modern interpretation, may be of two kinds, namely, conspiracies against the public, or such as endanger the public health, violate public morals, insult public justice, destroy the public peace, or affect public trade or business.

To remedy these evils the guilty persons may be indicted in the name of the commonwealth. Conspiracies against individuals are such as have a tendency to injure them in their persons, reputation, or property. The remedy in these cases is either by indictment or by a civil action.

In order to render the offence complete, there is no occasion that any act should be done in pursuance of the unlawful agreement entered into between the parties, or that any one should have been defrauded or injured by it. The conspiracy is the gist of the crane.

By the former laws of the United States, a willful and corrupt conspiracy to cast away, burn or otherwise destroy any ship or vessel with intent to injure any underwriter thereon, or the goods on board thereof, or any lender of money on such vessel, on bottomry or respondentia, is made felony, and the offender punishable by fine not exceeding ten thousand dollars and by imprisonment and confinement at hard labor not exceeding ten years.

By the old Revised Statutes of New York it is enacted that if any two or more persons shall conspire either: 1. To commit any offence, or; 2. Falsely and maliciously to indict another for any offence, or; 3. Falsely to move or maintain any suit, or; 4. To cheat and defraud any person of any property, by any means which are in themselves criminal, or; 5. To cheat and defraud any person of any property, by means which, if executed, would amount to a cheat, or to obtaining property by false pretences, or; 6. To commit any act injurious to the public health, to public morals, or to trade and commerce, or for the perversion or obstruction of justice, or the due administration of the laws; they shall be deemed guilty of a misdemeanor. No other conspiracies are there punishable criminally. And no agreement, except to commit a felony upon the person of another, or to commit arson or burglary, shall be deemed a conspiracy, unless some act besides such agreement be done to effect the object thereof, by one or more of the parties to such agreement.

When a felony has been committed in pursuance of a conspiracy, the latter, which is only a misdemeanor, is merged in the former; but when a misdemeanor only has been committed in pursuance of such conspiracy, the two crimes being of equal degree, there can be no legal technical merger.

 

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