No one in authority helped the monetary metals cause as much as Bart Chilton did
By: Chris Powell, GATA
-- Published: Monday, 29 April 2019 | Print | Comment
Dear Friend of GATA and Gold:
While the former member of the U.S. Commodity Futures Trading Commission, Bart Chilton, disappointed some monetary metals investors, he was a hero to GATA for several reasons.
First, he forced the commission to take public testimony from GATA Chairman Bill Murphy and GATA Director Adrian Douglas at the commission's much-publicized hearing on the monetary metals markets in March 2010. This brought national attention to our issue.
Second, he repeatedly gave credence in public to complaints of manipulation of the gold and silver markets.
Third, he conscientiously answered mail from ordinary investors and others.
Fourth, he saw his responsibility to represent the producing classes against the financial class, which has taken over the country and the world.
And fifth, he did what he could to legitimize the market manipulation issue without violating what he understood as the confidentiality requirements of a regulatory agency.
No one in any official position has done more than that during GATA's campaign against surreptitious market rigging by governments and their agents.
Bloomberg News has produced a news obituary for Chilton here:
Three weeks before Chilton died your secretary/treasurer e-mailed him to try to pin him down about something he had been hinting at, a question the CFTC has refused to answer for GATA and U.S. Rep. Alex Mooney, R-West Virginia.
Could Chilton, your secretary/treasurer asked, say whether manipulative futures trading undertaken directly or indirectly by the U.S. government is subject to the CFTC's jurisdiction, or is it legal?
Uncharacteristically Chilton did not acknowledge the inquiry -- which may have been as dispositive an answer as the CFTC's refusal to answer.
By virtue of his work on the CFTC Chilton surely knew the answer, which would explain why the commission looks away from even the most blatant manipulations of the monetary metals markets. We can only hope that his knowing the answer and his willingness to hint at it had nothing to do with the "sudden illness" to which his death is being attributed. But the world is full of evil governments and evil financial institutions.
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org * * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
