The Court is corrupt,
The fields are overgrown with weeds,
The granaries are empty,
Yet there are those dressed in fineries,
With swords at their sides,
Filled with food and drink,
And possessed of much wealth.
This is taking the lead in robbery,
Far indeed is this from the Way.
Lao Tzu, Tao Te Ching
Harvey Organ's comment on the Kitco tax fraud story:
"It is also interesting that Kitco immediately filed for an interim receiver Richter Usher Vineberg as this will no doubt turn into an absolute mess. The gold at Kitco is unallocated and thus can be attacked by Revenue Canada. This would create the biggest run on a "bank" in history for Canada as depositors of gold at Kitco immediately seek redemption. Thus Kitco had to act immediately.The unallocated gold is surely a mess but when you add in the tax consequences, this will dwarf the Refco fraud."
