Re: Formatierter Originaltext... Und hier meine Ãœbersetzung.

verfasst von SchlauFuchs, 06.11.2001, 22:12

Hallo,
Hier die übersetzung des untigen Textes

www.hackemesser.de/GATA1.html

>11:26p ET Monday, November 5, 2001
>Dear Friend of GATA and Gold:
>The case of Howe vs. Bank for International
>Settlements et al. -- I like to call it Howe
>vs. All the Money in the World -- was roughed
>up a little today but survived its first day
>of hearing in federal court in Boston.
>During 2 1/2 hours of oral argument, U.S.
>District Judge Reginald C. Lindsay dismissed
>two counts of the lawsuit involving securities
>fraud charges against defendant J.P.
>Morgan/Chase, and ruled that the plaintiff's
>method of serving lawsuit notice papers against
>the BIS -- by mail in English instead of by
>personal service in German -- was insufficient.
>But the two dismissed securities fraud counts
>were secondary to the lawsuit's substance, and
>the problem with the lawsuit notice probably
>can be fixed by a pricey translator if the
>lawsuit is allowed to proceed.
>The judge took the remainder of the case back
>to his chambers for drafting a written
>decision on the plaintiffs' motions to dismiss
>the rest of the lawsuit. That could take weeks
>or months.
>The case was called at 2:30 p.m. in a beautiful
>and huge courtroom in the opulent new U.S.
>courthouse just across Fort Point Channel from
>gleaming downtown Boston. About 30 people sat
>in the audience section at the back of the
>courtroom, some of them GATA supporters,
>including a few who had come quite a long
>way to watch.
>Plaintiff Howe sat alone at the counsel's
>table on the audience's left. At the counsel's
>table on the right sat his opponents, nine
>lawyers representing the BIS, Goldman Sachs,
>Deutsche Bank, J.P. Morgan/Chase, Citigroup,
>the U.S. Treasury Department, the Federal
>Reserve Board, and the New York Federal
>Reserve Bank. Behind them in the gallery
>were still a few more defendants' lawyers.
>The defendants' lawyers seemed to be smirking
>over their having had to come all this way
>just to confront a mere pro-se litigant, but
>they seemed to be smirking less when it was
>over.
>About two-thirds of the hearing consisted of
>Judge Lindsay's questioning Howe about the case
>and its likely weaknesses. The judge was
>exceptionally well-informed about both the
>legal technicalities and the broader issues
>behind them. While he sought to move the
>hearing along, he also was pretty indulgent
>in letting Howe explain things.
>The hearing wasn't really about whether the
>gold market is manipulated. It was about
>whether there is any basis in law for the
>suit. Thus it turns on legal issues and
>technicalities that will interest few of
>the partisans of gold and free markets --
>issues like the very limited circumstances
>under which the government and government
>officials may be sued for official acts.
>But a few observations from this partisan
>may be of interest:
>* The judge had trouble seeing in the
>lawsuit's claims possible evidence that
>the bullion banks had conspired with each
>other rather than with the federal
>government, other than what was called
>"parallel conduct" -- their doing the
>same things in the market at the same
>times. I thought Howe answered this well
>by noting that the bullion bank defendants
>had issued the overwhelming majority of
>gold and interest rate derivatives and
>essentially were themselves the markets
>for those instruments.
>* The judge seemed almost obtuse in not
>understanding Howe's claim that there
>was fraud in the BIS' forcibly redeeming
>the shares of its private shareholders
>at less than fair value when there had
>never been any indication to the private
>shareholders that their shares could be
>taken this way.
>* One of the lawyers for the government
>asserted the government's right, under
>the laws establishing the Federal Reserve
>Board and the U.S. Treasury Department's
>Exchange Stabilization Fund, to trade in
>gold in a way affecting gold's price.
>That is, he almost seemed to be claiming,
>on behalf of the government, the right to
>do exactly what the lawsuit complains of,
>without actually admitting that this was
>happening. (Whether he is right is
>exactly the legal issue the suit seeks
>to settle.) Howe was excellent in rebutting
>this claim. He argued that prior to 1974
>Congress had fixed the gold price, but
>since then has left gold's price to the
>market. Thus, Howe said, any government
>trading in gold cannot constitutionally
>aim to fix the price, and certainly not
>surreptitiously. (I thought Howe got by
>far the better of this exchange, at
>least establishing a point worth
>litigating. Unfortunately I was sitting
>on the wrong side of the courtroom. We'll
>just have to wait to find out what the
>judge thinks.)
>* Howe was just as effective in describing
>the unfairness of the BIS' liquidating its
>private shareholders without recourse and
>without arbitration. While the judge at
>first had wanted to skip argument on the
>arbitration issue, considering it examined
>adequately in the legal briefs, Howe managed
>to get his approval to make one point and
>then another and another, and the effect
>was very strong politically -- it gave the
>impression of ordinary small investors
>getting screwed by arrogant and powerful
>people. This happened to be the last issue
>discussed, so Howe finished strong, the
>other side weak.
>When it was over, the courtroom cleared
>out quickly, and Howe was left alone at
>the counsel table packing his books and
>papers into his briefcases. Forgive the
>editorializing, but I couldn't help but
>think of the scene at the end of the trial
>in that wonderful movie,"To Kill a
>Mockingbird," when Gregory Peck, playing
>the quietly heroic defense lawyer, Atticus
>Finch, does the same thing, seemingly alone
>-- and yet he is not alone, but rather
>watched by the oppressed people in the
>gallery with awe, admiration, and respect
>for standing up against the most hateful
>and vicious power. What I saw today was
>really not so different.
>I won't guess what will happen with this
>case; anything can. Maybe the essence of
>what has happened today is that we could
>have lost the whole case but didn't. (I
>spent some time later with Howe and his
>business associate, Bob Landis, and,
>analyzing the day clinically, almost as
>a sport, they seemed ready to be hopeful.)
>
>We still may lose the case on the
>technicalities in a few weeks and should
>be prepared for that.
>But two things:
>* Enough of the cursed cynicism that the
>courts are as rigged as the markets, that
>there is no fighting the power. We know
>some things about market rigging but there
>is no evidence that anything in court
>today was rigged. We got a day in court if
>not quite yet OUR day in court. And for
>all its faults this remains a country
>where one brave man pleading his own case
>can summon the representatives of all the
>money in the world and put the bastards
>in danger of having to answer for themselves.
>* The lawsuit is an important front in our
>struggle for free markets and honest dealing
>but it is not the only front, and, win or
>lose here, our strategy and plan will be,
>in Churchill's words, KBO: Keep buggering
>on. Thanks to GATA Chairman Bill Murphy and
>Howe and those who have come to their
>assistance, we have discovered that the
>scheme against gold is only part of a
>bigger scheme involving interest rates
>and currencies to deprive the financial
>markets of any standards of value and to
>expropriate the world for the benefit of
>certain Wall Street interests and to make
>the world the slave of the U.S. dollar.
>This deeply shames Americans who
>understand it. That is why they will
>continue to oppose it as best they can
>regardless of what happens in court. It is
>an anti-imperialist cause and thus a great
>cause. And, as Churchill said,"When great
>causes are on the move in the world, we
>find that we are spirits, not animals, and
>that something is going on in space and
>time, and beyond space and time, which,
>whether we like it or not, spells duty."
>Gruss
>tofir


<center>

<HR>

</center>

Thread gesperrt

 

gesamter Thread:

• 1. Bericht vom GATA Gold Prozess - Tofir, 06.11.2001, 10:43
  • Re: 1. Bericht vom GATA Gold Prozess - Wenn du einen gratis-Ãœbersetzer suchst, - SchlauFuchs, 06.11.2001, 11:30
    • Wenn du einen gratis-Ãœbersetzer suchst...wäre super! - Tofir, 06.11.2001, 13:37
      • Re: Wenn du einen gratis-Ãœbersetzer suchst...wäre super! - SchlauFuchs, 06.11.2001, 13:56
        • Formatierter Originaltext... - Tofir, 06.11.2001, 16:54
          • Re: Formatierter Originaltext... Und hier meine Ãœbersetzung. - SchlauFuchs, 06.11.2001, 22:12
            • Herzlichen Dank für die tolle Ãœbersetzung! oT - Ananda, 07.11.2001, 09:38
              • Re: Herzlichen Dank für die tolle Ãœbersetzung!...auch von mir! (owT) - Tofir, 07.11.2001, 13:31
              • Danke! (owT) - Peter der Große, 07.11.2001, 13:56
            • @SchlauFuchs: Danke f. d. Ãœbersetzung. Ich weiß welche Arbeit das immer ist! (owT) - Galiani, 07.11.2001, 18:13
              • Re: @SchlauFuchs: Danke f. d. Ãœbersetzung. Mach ich doch gern. - SchlauFuchs, 07.11.2001, 18:22