U.S. government is authorized to rig all markets, GATA secretary says
U.S. government is authorized to rig all markets, GATA secretary says by Chris Powell – GATA
Dear Friend of GATA and Gold:
Mike Gleason of Money Metals Exchange in Idaho this week interviewed your secretary/treasurer, who argued that market regulators in the United States are powerless against market rigging instigated by the U.S. government itself, which is fully authorized by federal law to rig markets in secret anywhere in the world. Financial institutions trading on the U.S. government’s behalf, your secretary/treasurer said, may share the government’s immunity in the scheme.
After all, responding to a federal lawsuit in New Orleans in 2003, Barrick Gold argued that, in borrowing gold from central banks and selling it into the market, the mining company became an agent of governments in controlling the gold price and should share their sovereign immunity from suit:
Since the gold price is related to the price of all major assets and financial instruments, your secretary/treasurer said in the Money Metals Exchange interview, rigging the gold market rigs the price of all major assets and essentially destroys the market economy and democracy throughout the world, which is the scheme’s greater offense, an offense against all humanity.
The interview is about 20 minutes long and can be heard and read at the Money Metals Exchange’s internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.