-- Published: Tuesday, 28 July 2020 | Print | Disqus
Dear Friend of GATA and Gold:
Thanks to Stephen Gandel at CBS News' Moneywatch bureau for inadvertently illustrating today the greatest power of governments and central banks in the financial markets.
Gandel's commentary is headlined: "Gold Prices Hit All-Time High, and It's a Bit of a Mystery Why."
Gandel writes: "Gold is usually seen as a safe haven when stocks are falling or when inflation is rising. Neither of those two things are happening right now."
Apparently Gandel hasn't done any grocery shopping lately, or paid any taxes or medical insurance bills. Apparently he believes government consumer price data when some ordinary journalist would disprove it.
But more than that, no mainstream news organization will report the longstanding Western government policy of surreptitious intervention in the gold market using the fractional-reserve gold banking system, which is based on derivatives and futures-market manipulation. That system created a vast amount of imaginary gold, delivery demands for which now are causing the system to implode and the metal's price to rise sharply in what seems like a classic short squeeze.
It has been documented by GATA for many years. It is summarized here --
http://gata.org/node/14839
-- and detailed fully here:
http://gata.org/taxonomy/term/21
The documentation has been provided constantly to major financial news organizations but almost always ignored, being considered a national security issue.
Has CBS News ever put a critical question to a central bank? Has any mainstream financial news organization ever done that?
If mainstream financial news organizations ever attempted journalism in regard to the gold market, central bank policy based on deception would fail instantly.
Thus the greatest power of central banking is not the power of infinite money creation. It is central banking's exemption from journalism.
The CBS News report proclaiming "mystery" about gold's rise is posted here:
https://www.cbsnews.com/news/gold-price-all-time-high-coronavirus-recove...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
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:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
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-- Published: Tuesday, 28 July 2020 | E-Mail | Print | Source: GoldSeek.com
