The Mainstream Media Knows The Government Manipulates The Gold Market

A colleague of mine has a friend who recently retired from one of the major financial news organizations.   He was a senior writer and had been there for a long time.  He told my colleague that he was quitting because he grew tired of having the content of his articles butchered and edited to the extent that sometimes the printed article represented only about 10% of the reporting that was behind what ended up being published.

I wanted to re-print a news dispatch from GATA that went around today which describes the extent to which the mainstream media has been shown the proof that the Government operates to try and prevent the price of gold from rising.

We already know that what is reported by the mainstream media all across the political spectrum – from MSNBC to Fox News – is largely highly scripted, distorted and controlled by the Government.   But the news coverage of the gold market manipulation is the most highly contained information next to defense and espionage.

The GATA piece below was in response to the New York Times’ “Dealbook” blog, which wrote an article yesterday smearing the recent lawsuits filed against the big banks for gold market manipulation.  It described the nature of the lawsuits as being seeded in conspiracy theory and it referenced GATA as a group of “offbeat activists.”

Here’s a re-print of today’s GATA dispatch from Chris Powell, Treasurer of GATA and one of the most intelligent, insightful and witty people to whom I’ve ever been exposed:

Dear Friend of GATA and Gold:

Whenever any mainstream news organization publishes or broadcasts something touching on the Western central bank gold price suppression scheme or GATA, your secretary/treasurer contacts the organization to provide the full documentation that would be necessary to an attempt at actual journalism. Today’s appeal to The New York Times is appended. At least it drew a prompt and cordial acknowledgment.

Please understand that the summaries and documentation cited below have been provided to many major news organizations and government regulatory agencies. They all know what is going on. But as you have heard many times from your secretary/treasurer, the true location and disposition of central bank gold reserves are, to governments, secrets far more sensitive than the location and disposition of nuclear weapons. For rigging the gold market is the most powerful weapon of all, as it is the prerequisite for rigging all markets.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Tuesday, May 6, 2014

Alan Feuer, Reporter
The New York Times
620 Eighth Ave.
New York, N.Y. 10018

Dear Alan (if I may):

Thanks for your reference to the Gold Anti-Trust Action Committee Inc. in your report today about the federal lawsuits being brought against the bullion banks participating in the daily London gold price fixings:

http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-pr…

But GATA is a little more serious than the “offbeat activists” of your description. The committee includes people with long experience in the financial markets. While I don’t have that kind of experience, I have fair experience in journalism, having been a newspaper reporter and editor in Connecticut for almost 50 years and having given their first journalism jobs to the Times’ own reporters Dan Barry and Bryan Miller and photographer Sara Krulwich.

In fact, rather than the repository of “offbeat activists,” GATA is mainly an investigative and fact-finding organization, not a “conspiracy theory” organization producing the “online screeds” cited by your report. We have sued Western central banks for information, have extracted much incriminating material from official archives, and have published what has turned out to be the documentation of the longstanding Western central bank gold price suppression scheme, a scheme documented right down to the present through the admissions of the central banks themselves.

We have found that it is simply a matter of public record and as easy to document as it is to put specific questions to central banks about their involvement in the gold market. That is, it is easy to establish through ordinary journalism — which, unfortunately, mainstream financial news organizations, including the Times itself, have declined to undertake even though most of the research already has been compiled for them. Of course GATA is delighted to share it with anyone interested. I wish that the Times would even look at it.

The most recent version of my “stump speech” summarizing the most important documentation, including Internet links to each document, is here:

http://www.gata.org/node/13644

Some updating commentary with documentation is here:

http://www.gata.org/node/13829

GATA’s general documentation file is here:

http://www.gata.org/taxonomy/term/21

This story involves the surreptitious and undemocratic control of the valuation of all capital, labor, goods, and services in the world. It is a very serious story and should not be left to the offbeat.

Thanks for your consideration.

With good wishes.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

3 thoughts on “The Mainstream Media Knows The Government Manipulates The Gold Market

  1. I doubt the New York Times will publish the reply from GATA, those who run the newspapers live under the creed “all the news that fits” or “all the news that fit to tint.”

    Unfortunately for the New York Times and the rest of lamestream media, the official press no longer has a lock on what information reaches the public. Blogs, alternative news sites on the web, youtube postings, internet radio, etc. offer information that would have been buried, ignored or unpublished if presented to the MSM.

    While the public in the US is still slow on the uptake in buying gold and silver, the US public is slowly realizing that what they are being told by the press about the economy has no basis in reality. As the disconnect continues, the trust in MSM erodes, until viewers start turning off TV news programs and cancel newspaper subscriptions.
    As trust is lost everything else is lost in the process and the MSM will find itself with a smaller and smaller pool of viewers/readership.

  2. I mentioned to my wife a while back it appears that journalism, as we knew it, is dead. She wasn’t aware that there was a journalist’s creed so we pulled it up and read through the points together. This tenet, in particular, seems to be of no importance today:

    “I believe that clear thinking, clear statement, accuracy and fairness are fundamental to good journalism.”

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