"If I had to vote for Obama or Romney, I'd shoot myself" - Marc Faber
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
For those of you who have not seen it yet, I'm posting the interview of GATA's Treasurer, Chris Powell, with Lauren Lyster of Capital Account. For those of you who were unaware, Capital Account is hosted by RT.com, and it does some of the finest truthseeker reporting in media land. Ms. Lyster interviews Mr. Powell regarding the ongoing gold and silver manipulation, likely being conducted by a few big bullion banks like JP Morgan on behalf of Governments/Central Banks seeking to control interest rates and currency exchange markets.
As Chris points out clearly and with detailed references, agreements to manipulate the gold/silver bullion markets for controlling the currency exchange markets date back to the Gold Reserve Act of 1934, signed by FDR. As everyone likely knows, the "exchange stabilization fund" created by the Act was amended by Reagan after the 1987 market crash and enables the Government to intervene in any market at any time. By virtue of these facts alone, anyone who refers to market manipulation allegations as "conspiracy theory" is either completely ignorant of the facts or an interminable idiot. Market manipulation - and specifically gold and silver price suppression by the banks fronting for the Treasury/Fed - is part of the fabric of our system as legislated by Congress and signed by Presidents.
Here is the interview, and I would urge anyone who has not done so yet to take the time to watch the full interview. Mr. Powell explains clearly, in detail and with source documentation references, how and why the Government manipulates the gold and silver markets:
Anyone who takes the time to watch this video and then research the documentation cited by Chris - most if not all of it can be sourced at www.gata.org - will know more about how our financial markets operate than 99.5% of all humans. Certainly more than 100% of anyone who works at CNBC, Bloomberg or Fox Business.
Like every other Governmental attempt to control the markets and rewrite the natural laws of economics, the price suppression of gold and silver will ultimately fail, sending gold and silver to price levels that will shock everyone except the hardiest of gold bugs, and thereby signalling the onset of extreme hardship, poverty and totalitarianism in this country.