From: Gary S. Gevisser
Sent:
Friday, September 23, 2005 7:41 AM PT
To: Kristen Connor Esq. lawyer for Greedy Beckham c/o Ted Kimball of Kimball…-
ted.kimball@kts-law.com
Cc: rest; Walter E. Pinkerton, Jr. Esq.; Eliot Spitzer - Attorney General of New York State;
President@whitehouse.gov; Devin Standard; Michael Berlin Esq. - Office of Attorney General; Edward Jay Epstein - Author of The Diamond Invention; Dr. Jonathan"Trouble Bubble" Beare; Miriam Ross - Survival International; Nicholas Oppenheimer - DeBeers-Anglo American Cartel [DAAC]; Mark Gevisser - The Nation's southern African correspondant; Tony Leon MP - Leader of the Democratic Alliance - Republic of South Africa; Ms Phumzile Mlambo-Ngcuka - South Africa’s Minister of Minerals and Energy; Trevor Manuel - South Africa's Minister of Finance; Lebogang Ditshwene; Stephen Cohen - Codiam Inc.; VSchiff@wetherlycapital.com; Whitman Knapp Esq. - Office of Attorney General
Subject: FW: Transcript..Spin...---...

 

The purpose of this communiqué is to make as certain as is humanly possible that you do the right thing and the smart thing which is also the right thing and find a way along with my former lawyer Walter Pinkerton to get this communiqué into Judge Bloom’s hands.

 

Judge Bloom is expected to rule today, perhaps this coming Monday, on what appears at “first blush” to be a “nothing” case but it is my hope given the time he and the courts have “invested” already in this matter it would make all the sense in the world to take the additional time to read my thoughts on these so important matters that got so lost in the “nonsense talk”.

 

There is “good reason” for me to believe that it is not only Judge Bloom but everyone in this world wanting to make a “positive difference” who will benefit from this communiqué especially those willing to come to terms with why it is that us human beings tend to focus on “natural disasters”, stuff that we cannot control versus taking stock of the things we can do “sumthing” [sic] about such as discussing quietly and logically without anyone raising their voices, no one imploring G-d to intervene , no one thinking for a moment about resorting to violence, the very important issues of the day, dealing not only with how to preserve but more importantly to restore “balance” beginning with the environment so extraordinarily “out of whack” while at the same time maintaining not only “full employment” but ensuring each and every one of us including those clogging up our jails make not only an honest living but can look forward to preserving their wealth whether it be in the form of money, just ONE means of exchange,

 

Or

 

Knowledge-Information-Light to be shared with one another at Light-G-D-Speed.

 

KIL is the prized resource that up until this very moment in time has kept the have-nots from getting their “fair share.”

 

The failure of us citizens of the world to get our mainstream media, our elected leaders, local, regional and national as well as our non-elected government officials to zero in on what is going on with the price of gold in recent times, having reached a week ago today a 17 year high of $459 a troy ounce before blasting through the $470 level eventually with massive interference by central banks and currency traders causing a retreat not to $35 which is about the maximum dollar value today that will allow them to possibly still play their “funny games” but to a nothing to gloat about victory that still has gold above its 17 year high at this precise moment in time.

 

There is, however, nothing other than restoring “trust” back in government that can now stop the inevitable rise of gold, hopefully not to levels that would interfere with the Digital Age.

 

Then again, gold is being used less and less in electronics, a concern I for one have had should the price skyrocket to more realistic levels reflecting the SIGNIFICANT level of distrust that begins and ends with the fictitious business of “Money Creation” a subject matter I recently began taking up with President Bush.

 

Our again “nothing” landlord-tenant case should never have found its way into the court system bearing in mind we are talking about not good, but great tenants such as my wife and me not only taking incredible care of a property with significant deferred maintenance but paying top dollar for our second residence in Del Mar; moreover, making it quite clear that we would be willing to pay market rent if the owners wanted us to stay beyond the remainder of the lease that expires next May, just 8 months away to mention little of the monies we have spent on legal bills and court costs getting pretty close to covering the rent remaining on the lease, forget all the aggravation that appears on the surface to make little and no sense, never to forget Greedy Drug Pusher-thumbing his nose at the rule of law Beckham’s loud declaration on the stand, under oath, under penalty of perjury, “I have not had sex in over a year” when explaining what “personal information” I had on him that had him so upset?

 

Judge Bloom very possibly has other thoughts on his mind other than wanting to know why my wife and I thought it so important to at least stand up for the rights of the next generation, forget the overwhelming majority of renters today so caught up in this “rat race”, so beaten to pulp by all the distraction, fighting amongst themselves for the scraps?

 

The slight of hands so obvious so long as one can find the time as well as logically minded individuals to sift through all the nonsense?

 

Finding people such as myself who seem to have a “knack” for getting hold of the pertinent information NOT as difficult as those creating all the distractions would prefer?

 

NOTHING more important than Alan Greenspan’s essay back in 1966 titled, Gold and Economic Freedom, that talks clearly to the all important subject matter that in turn I am hopeful will help stop the world spinning out of control.

 

Again, I will in deference to Dr. John K. Pollard an alumnus of both MIT and Cornell University, not use a single hyperlink, at least not in this Part 1 communication.

 

Below is Greenspan’s masterpiece that was sent to me some time ago.

 

The Daily Reckoning PRESENTS: Hard money week. Readers maybe surprised when they see who wrote this essay. It’s about promoting gold as the key element of monetary organization, written in 1966. This essay is taken from “The Liberty Dollar Solution,” edited by Bernard von NotHaus.

 

 

GOLD AND ECONOMIC FREEDOM

by Alan Greenspan

 

Since the beginning of World War I, gold has been virtually the sole international standard of exchange.

 

Gold, having both artistic and functional uses and being relatively scarce, has always been considered a luxury good. It is durable, portable, homogeneous, divisible and, therefore, has significant advantages over all other media of exchange.

 

But if all goods and services were to be paid for in gold, large payments would be difficult to execute, and this would tend to limit the extent of a society's division of labor and specialization.

 

Thus, a logical extension of the creation of a medium of exchange is the development of a banking system and credit instruments (bank notes and

deposits) that act as a substitute for, but are convertible into, gold.

 

A free banking system based on gold is able to extend and thus to create bank notes (currency) and deposits, according to the production of the economy. Individual owners of gold are induced, by payments of interest, to deposit their gold in a bank (against which they can draw checks).

 

But since it is rarely the case that all depositors want to withdraw all their gold at the same time, the banker need keep only a fraction of his total deposits in gold as reserves. This enables the banker to loan out more than the amount of his gold deposits (which means that he holds claims to gold rather than gold as security for his deposits). But the amount of loans which he can afford to make is not arbitrary: He has to gauge it in relation to his reserves and to the status of his investments.

 

When banks loan money to finance productive and profitable endeavors, the loans are paid off rapidly and bank credit continues to be generally available. But when the business ventures financed by bank credit are less profitable and slow to pay off, bankers soon find that their loans outstanding are excessive relative to their gold reserves, and they begin to curtail new lending, usually by charging higher interest rates. This tends to restrict the financing of new ventures and requires the existing borrowers to improve their profitability before they can obtain credit for further expansion.

 

Thus, under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a worldwide division of labor and the broadest international trade. Even though the units of exchange (the dollar, the pound, the franc, etc.) differ from country to country, when all are defined in terms of gold, the economies of the different countries act as one - so long as there are no restraints on trade or on the movement of capital.

 

Credit, interest rates and prices tend to follow similar patterns in all countries. For example, if banks in one country extend credit too liberally, interest rates in that country will tend to fall, inducing depositors to shift their gold to higher-interest-paying banks in other countries. This will immediately cause a shortage of bank reserves in the "easy money" country, inducing tighter credit standards and a return to competitively higher interest rates again.

 

A fully free banking system and fully consistent gold standard have not as yet been achieved. But prior to World War I, the banking system in the United States (and in most of the world) was based on gold, and even though governments intervened occasionally, banking was more free than controlled. Periodically, as a result of overly rapid credit expansion, banks became loaned up to the limit of their gold reserves, interest rates rose sharply, new credit was cut off and the economy went into a sharp, but short-lived, recession. (Compared with the depressions of 1920 and 1932, the pre-World War I business declines were mild indeed.)

 

It was limited gold reserves that stopped the unbalanced expansions of business activity, before they could develop into the post-World War I type of disaster. The readjustment periods were short and the economies quickly re-established a sound basis to resume expansion.

 

But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline - argued economic interventionists - why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely - it was claimed - there need never be any slumps in business. And so the Federal Reserve System was organized in 1913. It consisted of 12 regional Federal Reserve banks nominally owned by private bankers, but, in fact, government sponsored, controlled and supported. Credit extended by these banks is in practice (though not

legally) backed by the taxing power of the federal government.

 

Technically, we remained on the gold standard; individuals were still free to own gold, and gold continued to be used as bank reserves. But now, in addition to gold, credit extended by the Federal Reserve banks ("paper" reserves) could serve as legal tender to pay depositors. When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage.

 

More disastrous, however, was the Federal Reserve's attempt to assist Great Britain, who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: If the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates.

 

The "Fed" succeeded: it stopped the gold loss, but it nearly destroyed the economies of the world in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market - triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: By 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence.

 

As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a worldwide series of bank failures. The world economies plunged into the Great Depression of the 1930’s.

 

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.

 

If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

 

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

 

Regards,

 

Alan Greenspan

 

“Sumtime” [sic] today once I take care of other responsibilities such as exercising and feeding my once in a lifetime body, getting in the right amount of exercise to release the necessary endorphins to have me continuing to logically thought process and at the same time benefiting significantly from watching my dog behave the way a well trained dog that has not had its spirit broken is supposed to behave, I will, G-d willing continue to explain the importance we attach to the subject matter to the entire world, not just to Judge Bloom and you, the law firm representing Greedy Drug Pusher-I have not had sex in over a year Beckham who also serves as the property manager of 357 Parish Lane our primary residence in Del Mar, both residences when combined significantly smaller than the average size new residence in Del Mar built on every particle of remaining dirt.

 

To be continued…

 

[Word count 2420]

 

 

-----Original Message-----
From: Walt Pinkerton [mailto:walt@help411.com]
Sent:
Tuesday, September 20, 2005 2:05 PM
To: Gary S. Gevisser
Subject: Re: Transcript

 

Gary:

 

Attached letter I am forwarding first class mail with enclosures.  Please set a time for us to discuss this matter.

 

Thank you for your attention in this regard.

 

Best regards,

 

Walter

 

 

----- Original Message -----

From: Gary S. Gevisser

To: 'Teri Holden'

Cc: Walter E. Pinkerton, Jr. Esq.

Sent: Tuesday, September 20, 2005 11:26 AM

Subject: RE: Transcript

 

I send in my response email to Walt this morning “Yes, I will pay those additional monies…” but why wasn’t I advised in the first place that the $636 I paid at the end of the trial was just the first installment?

 

[Word count 42]

 

 

-----Original Message-----
From: Teri Holden [mailto:thbear59@hotmail.com]
Sent:
Tuesday, September 20, 2005 11:18 AM
To: gsg@sellnext.com
Subject: Transcript

 

The transcript for you hearing will be ready in two weeks.  It will cost $528.50 to order. 

Teri S. Holden