Anyone who denies that gold and silver are manipulated either has not spent time examining the evidence or is financially incentivized to refute all allegations. In other words, they are either ignorant or willfully corrupt. This includes the entire universe of politically corrupt western Central Bankers and professionally criminal Wall Street bankers. But first and foremost it includes all three branches of Government.
The manipulation is seeded by the U.S. Treausry’s Exchange Stabilization Fund, which was first established in 1934 as a currency “stabiliaztion” mechanism. Well guess what? Back then gold and silver were used as a currency. The Commodities and Futures Trading Commission was set up to enforce the rules in place to prevent futures manipulation. For some reason, the CFTC has discovered and prosecuted manipulation in just about every futures market except gold and silver, despite an inexhaustible effort by many organizations and individuals, which have flooded the CFTC with compelling evidence.
One such organization is GATA – the Gold Anti-Trust Action committee, founded by Bill Murphy and Chris Powell. They founded GATA in 1998 in order to expose the massive gold manipulation scheme by the western Central Banks. The goal was to not just to bring about regulatory change but to compel enforcement of the laws which already exist. If you have not done so, spend some time perusing the GATA archives (GATA.org Articles), which contain countless irrefutable studies proving that the gold and silver markets are rigged to an astonishing degree of repetition and blatancy.
Unfortunately, as we have all discovered, any effort in Congress to audit the Fed, all attempts make Freedom Of Information Act inquiries about the Fed’s gold trading activities and all initiatives to hold the Fed accountable for the gold it reports to be in its vaults have been denied by the impentrable wall of corruption and fraud that separates Washington DC and Wall Street from truth and justice.
Rory and I hosted GATA co-founder Bill Murphy for a very lively and information discussion about GATA and its efforts to shine the light of truth of the world’s oldest currency and only true form of honest money.
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