Reginald Howe was a Harvard educated attorney that lost his money betting on gold. After a thorough investigation, he concluded that a massive conspiracy was involved in suppressing the price of precious metals. He decided to file a lawsuit against the conspiracy:
"This is a complaint for damages and injunctive relief arising out of manipulative activities in the gold market from 1994 to the present time, orchestrated by government officials acting outside the scope of their legal or constitutional authority and certain large bullion banks active in the over-the-counter gold derivatives markets and on the Commodities Exchange ("COMEX") in New York.
The complaint alleges horizontal price fixing in violation of Section 1 of the Sherman Act, securities fraud in violation of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 ("Exchange Act"), common law fraud and breach of fiduciary duty by the directors of the Bank for International Settlements with regard to holders of its American issue, and violations of the Constitution by federal officials acting under color of federal law but wholly outside the scope of their legal or constitutional authority."
In essence, Reginald was claiming that the Banksters had a monopoly on the gold market, and were fraudulantly suppressing prices, to give the appearance of financial stability to the world's economic markets. It has been known for a long time that the price of gold is set by the Rothschild Banking interests in the "City of London". Operating as a business entity known as "The Crown", even the Queen of England bows to their political and economic pressure.
The reality is, "The Crown" also manipulates the price of Gold and Silver through JP Morgan Bank. They do this by buying and selling "naked" shorts (options that have no metals to back them up). Some estimates place the number of paper assets versus real metal at 100 to one. That's 100 ounces of metal that doesn't exist to every 1 ounce in the Bankster vaults.
Its called fractional reserve lending when you do it with money, and no one is better at it than "The Crown". However with the prices on gold and silver bullion heading for the stratosphere, the days of manipulation will soon be over and supply/demand will take over. I am projecting that the gold and silver futures market will collapse completely and would advise my clients to avoid speculation. In other words, Buy gold and silver bullion while it is still relatively cheap.
In the coming days look for 90% devaluation of the dollar and a total collapse of the stock and bond markets. If you have an IRA or 401K you need to get it out right now. Also expect gold and silver prices to skyrocket as they become the only real asset left. Now, back to Reginald's lawsuit.
"Reg Howe's lawsuit in U.S. District Court in Boston against the Bank for International Settlements, Fed Chairman Alan Greenspan, New York Fed President William J. McDonough, J.P. Morgan & Co. Inc., Chase Manhattan Corp., Citigroup Inc., Goldman Sachs Group Inc., Deutsche Bank AG, and former U.S. Treasury Secretary Lawrence H. Summers. On August 16 Judge Reginald Lindsay of U.S. District Court in Boston has scheduled for 3:30 p.m. Tuesday, October 9, 2001, a hearing on the defendants' motion to dismiss the lawsuit brought by a consultant for the Gold Anti-Trust Action Committee, Reginald H. Howe, against the Bank for International Settlements, the U.S. Federal Reserve and Treasury Department, and several bullion banks. Critical investigation records ceased to exist and most of the investigators died on September 11, 2001. On October 9, 2001 the motion to dismiss was heard. The case was dismissed."
All for lack of "evidence" conveniently destroyed in the collapse of the Twin Towers.