La Boutique

L'Artiste du Cafe
Alain Despert
(b. 1943, Brittany, France)

 

We are proud to feature the "Le Metropole" series of paintings created exclusively for the Cafe by artist Alain Despert. You will notice his bright and colorful paintings as you browse through the Cafe. Alain Despert's work was discovered by Town & Country Magazine while he was living and painting on the French Polynesian island of Bora Bora. Shortly after he arrived in New York in 1990, he was commissioned to be one of the Absolut Vodka artists for the renowned advertising campaign. Despert's work has been featured in numerous publications such as Arts & Antiques and Connoisseur. His work is exhibited in the United States and Europe and is collected internationally.

For Information visit www.despert.com
"Le Metropole" Series, copyright 1997 Alain Despert, all rights reserved.

Contributions to GATA

The Gold Anti-Trust Action Committee was organized in January 1999 as a Delaware corporation to expose the manipulation of the gold market by certain bullion banks. As we believe these banks are acting in a manner that is in violation of the Sherman and Clayton Anti-Trust Laws, the committee is gathering evidence to support our claims.

We believe that these banks, with the possible assistance of the New York Fed or the Exchange Stabilization Fund, have controlled the gold market through the use of gold derivatives and borrowed gold. In doing so, it is our estimate that the gold loans now exceed 11, 000 tonnes. As mine supply in 1999 was only 2579 tonnes, the bullion banks are staring at an unstable financial structure that could blow up at any time.

The term loan is a bit of a misnomer as much of the borrowed gold has been sold as jewelry and cannot be called in.

The recent explosion of gold derivatives among certain bullion banks is staggering. An investigator retained by the Gold Anti-Trust Action Committee discovered $38.1 billion of off-balance-sheet gold derivative contracts on the books of JP Morgan at the end of 1999. That is up from $18.36 billion on July 1, 1999. Deutsche Bank now has $50 billion of gold derivative contracts on its books - all accumulated over the past 4 years. It took a leading dealer, Chase Bank, 14 years to build a book of $22 billion.

To date, the GATA Committee has received over $212, 000 in contributions. Five major gold companies have supported us financially, as have 10 smaller ones and hundreds of individuals around the world.

As our effort is on going to expose one of the great financial scandals in American history is ongoing, we continue to seek financial support so that we can expose the truth about what is really going on in the gold market.

HOW TO HELP GATA:

If you benefit from GATA's dispatches, please consider making a financial contribution to GATA. We welcome contributions as follows.

By check:

Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA

By credit card (MasterCard, Visa, and
Discover) over the Internet:

http://www.gata.org/creditcard.html


By GoldMoney:

http://www.GoldMoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L

 

By bank wire:


E-mail GATA at GATAComm@aol.com for details.


Donors of $750 or more will, upon request, be sent a print of Alain Despert's colorful painting symbolizing our cause, titled "GATA."

We will ship a print of the GATA painting to GATA's first 300 donors of $750 or more, including those who already have donated that much. For the purpose of qualifying for a print, we'll count donations cumulatively. That is, if you've sent less than $750 already, we'll send you a print if you donate further and reach $750, for as long as prints remain in stock.

If you want a print, please tell us so and include an additional $25 for shipping to addresses in the United States and Canada, and an additional $75 for shipping elsewhere.

GATA is a civil rights and educational organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible in the United States.

 

GATA Print Update

Alain Despert's new Absente image, "The Green Fairy," which will appear in international magazines this Fall, is also going to be released as a limited edition print. Only two artists have been selected for this Michelle Roux campaign, Alain Despert and world-renowned Prince of Pop artist, Romero Britto. Britto's prints sell for $1300 to $3000. The opening retail price for "The Green Fairy" (which may be viewed in La Boutique in the Cafe) will be set at $1,000. As with any limited edition, the price will increase as the inventory depletes.

Worldwide demand of Alain Despert's work is increasing rapidly, as is its market value. His work is primarily original paintings on canvas, which currently sell from $5,000 to $15,000. He has only released 3 prints of his work for special projects, the GATA print being one.

The GATA limited edition print was initially offered significantly below market value in support of the Gold Anti-Trust Action Committee for the first year and initial phase of the release. The print will now be offered for $750 as of July 17, 2000. As time goes on and supply of the prints diminishes even further (five were ordered last week alone), the price will be boosted to its fair market value of $1,000.

If you have been thinking of supporting our efforts by buying one of the GATA prints, now would be a great time to do so before the price increases. Details for ordering the GATA print are available in La Boutique or the www.GATA.org web site.