GOLDMAN SACHS FILES MASSIVE DEFAMATION LAWSUIT
By Peter Z. Parody
Financial Freedom Wire Service
Friday, September 21, 2007
NEW YORK – Today Goldman Sachs filed a $5,000,000,000 lawsuit against Bill Murphy and the Gold Anti Trust Action Committee (GATA) he chairs. In its suit Goldman Sachs charges that Murphy and GATA have repeatedly and aggressively defamed it for years by accusing it of manipulating the price of gold and thereby stealing billions of dollars from unwary investors.
Reached for comment, an attorney for Mr. Murphy and GATA issued the following statement:
Mr. Murphy and his associates in GATA welcome the lawsuit. Heretofore, as a result of being blackballed in mainstream media, GATA has only been able to communicate with a small percentage of investors. With the media exposure this lawsuit will inevitably generate, Mr. Murphy looks forward to being able to reach and warn hundreds of millions of investors world-wide.
In order to prove defamation of character, Goldman Sachs must establish that it actually has character. That will be a formidable task because it is guilty of dozens of deceptive, deceitful and dishonest actions like, for example, claiming to be bullish to motivate investors to buy gold while selling tens of thousands of contracts short to curtail its price.
When asked, a spokesman for Goldman Sachs said the company planned to confer before responding. Speculation is rampant that Goldman has scheduled meetings to discuss its response with Secretary of the Treasury, Paulson, Chairman of the Federal Reserve, Bernanke, representatives of Morgan-Chase, and a carnal mystic.
Coeur D'Alene, Idaho
September 21, 2007
The Black Helicopter Crowd has descended on Coeur D? Alene,
Idaho.....
Since this is the first time a number of you have heard
from the Gold Anti-Trust Action Committe itself, I
thought it might be helpful to do some background
presentation. There are so many misconceptions out there.
At one point in my career, I was a limit position
futures trader and is one thing I know a pretty fair
amount about. Thus, it was clear to me weeks after
LTCM blew up in September of 1999 (weeks after I opened
my web site), that New York bullion banks like Goldman
Sachs, JP Morgan and Chase were acting in concert to
keep the price from staying above $300 per ounce. My
colleagues and I had heard from a very reliable source
that LTCM was short 300 tonnes of gold. Now that they
blew up, the position would surely have to be covered, which
should have caused the price to soar. The Gold Cartel
made sure that did not happen. It was then that I smelled
a rat.
All the best,
Bill Murphy
Le Patron