No wonder the Telegraph won’t touch gold price suppression

by Chris Powell, GATA.org Dear Friend of GATA and Gold: If you’re wondering why mainstream financial news organizations refuse to report the biggest financial news story in history — the rigging of all major markets by Western central banks — another reason has emerged in the last few days with the resignation of the chief political writer of the London Telegraph, Peter Oborne. The Telegraph is a great newspaper with a wide scope, the standard bearer of the British Conservative Party, whose reporting is often cited favorably by GATA and frequently has been brave, as when a couple of years ago it exposed the scandal of expense padding by members of Parliament, including Conservative members. But the Telegraph won’t touch surreptitious intervention by Western central banks in the gold market any more than any other respectable Western financial news organization will, and departing the Telegraph, Oborne complained that the newspaper had gone soft in its reporting about a big investment bank that is a major advertiser, HSBC. Reports about Oborne’s resignation are collected at the Google news archive here: http://tinyurl.com/kxgj4fc On Friday one of the Telegraph’s two main competitors among the serious British papers, the Financial Times, suggested that its rival’s softness on HSBC may involve far more than advertising: * * * Telegraph Owners’ Yodel owed L242 Million to HSBC Henry Mance and Claer Barrett Financial Times, London Friday, February 20, 2015 A struggling delivery business controlled by the Barclay brothers, owners of the Daily Telegraph, owed L242 milions to HSBC at a time when the newspaper allegedly discouraged critical coverage of the bank. Yodel, the UK’s second-largest parcel carrier, refinanced its debt with HSBC in December 2012. Peter Oborne, who resigned as the Telegraph’s chief political commentator this week, has said negative stories about the bank were discouraged from “the start of 2013 onwards.” …

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