No major news organization wants the financial news story of the century

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No major news organization wants the financial news story of the century by Chris Powell – GATA

Dear Friend of GATA and Gold:

The indispensable ZeroHedge today calls attention to CNBC’s having just given extensive airtime to a prominent investor, Asher Edelman, as he asserted that the U.S. government is using the fabled “Plunge Protection Team” — Edelman called it “Plunge Protection Group” — to intervene surreptitiously in the stock market to prevent collapses and even merely disconcerting volatility:

http://www.zerohedge.com/news/2017-05-23/asher-edelman-says-i-have-no-do…

Yes, that market manipulation should be discussed at such length by a mainstream financial news organization is remarkable progress. But while at the conclusion of the interview with Asher a member of the CNBC panel wonders where records of the PPT’s interventions might be found, there is no suggestion that financial journalists should investigate possible interventions.

Little GATA often has shown how easy it is to devise questions about intervention that central bank and government officials refuse to answer, lest their surreptitious activities be exposed and lose effect.

So imagine what a major news organization could accomplish here. It could break the financial news story of the century. But nobody seems to want it.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Chris Powell

The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut. Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold. The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.