Federal Reserve Sued to Disclose Gold Market Intervention Records
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GATA has just filed suit vs. the Fed for their leading role in the price manipulation scheme of the Gold Cartel. Here’s a press release with embedded links:
The Gold Anti-Trust Action Committee Inc. today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions.
In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret.
The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has been criticized for secrecy in its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.
I’m sure there are other public records out there that have this kind of information. When someone is keeping secrets, i’m pretty sure there is someone thats keeping those secrets just as well.
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Government records are items that should be allowed to be seen when called upon with good morale of course. Don’t show your jewels to someone who will just steal them and laugh at you for allowing such a thing.
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