ZEDROHEDGE Blows the doors off FED gold manipulation!

[jtabeb]

Wow! From Conspiracy theory to Conspiracy FACT in 24 hours. Man, the world changes fast!

Best Quote:

"So to all conspiracy theorists claiming that gold is being manipulated on a daily basis by the Federal Reserve: when it occurs over and over, and is so well documented, it is no longer a theory, it is merely sad. And the fact that the US government goes to great lengths to hide the illicit dealings of the Federal Reserve, which through its monetary tentacles, has prima facie control over not just US policy but also over sovereign governments, is an unprecedented failure in the checks and balances system that the founding fathers had planned when they created the United States of America. Yet saddest is that the United States no longer pursues strategic goals that are in the best interest of the majority of its citizens, but merely manipulates other, less powerful nations into a servile existence that only provides gain to a very limited subset of the American financial oligarchy. It is time for the Fed's unprecedented control over affairs, both global and domestic, to end. "

http://www.zerohedge.com/article/smo...ntrolling-gold

[FRED]

Re: ZEDROHEDGE Blows the doors off FED gold manipulation!

Wow! From Conspiracy theory to Conspiracy FACT in 24 hours. Man, the world changes fast!

Best Quote:

"So to all conspiracy theorists claiming that gold is being manipulated on a daily basis by the Federal Reserve: when it occurs over and over, and is so well documented, it is no longer a theory, it is merely sad. And the fact that the US government goes to great lengths to hide the illicit dealings of the Federal Reserve, which through its monetary tentacles, has prima facie control over not just US policy but also over sovereign governments, is an unprecedented failure in the checks and balances system that the founding fathers had planned when they created the United States of America. Yet saddest is that the United States no longer pursues strategic goals that are in the best interest of the majority of its citizens, but merely manipulates other, less powerful nations into a servile existence that only provides gain to a very limited subset of the American financial oligarchy. It is time for the Fed's unprecedented control over affairs, both global and domestic, to end. "

http://www.zerohedge.com/article/smo...ntrolling-gold

Old news. Back in those days, fixing gold prices wasn't called "manipulation" it was called "monetary management." What Burns is questioning here is how can central banks control money and interest rates without the international gold standard? The same is done today by central banks buying and selling one another's sovereign debt.

[cobben]

Re: ZEDROHEDGE Blows the doors off FED gold manipulation!

"monetary management."

Yes indeedy, I read through the series of related posts there & they give a fascinating historical insight into how certain of the world's monetary authorities want to have their cake & eat it too - stable exchange rates, low inflation, speculators under control, gold "taken care of" - all this and boundless deficit spending.

So what is different now?

[kartius919]

Re: ZEDROHEDGE Blows the doors off FED gold manipulation!

http://fofoa.blogspot.com

Excellent blog. Right up the alley of them "gold bugs" and silly hyperinflationistas.