Chris Powell - Central Banks Destroy Our Markets & Democracy

 Chris Powell of the Gold Anti-Trust Action Committee (GATA) says the evidence is clear that central banks are intervening in all futures markets. Powell charges, “The documents don’t prove that any particular central bank is trading any particular futures contract on any given day, but they do show the central banks are trading secretly in all U.S. futures markets. That means our market economy has been destroyed. It really means our democracy has been destroyed because they don’t tell us what they are doing. This is a real failure of financial journalism. In fact, I argue that the greatest asset of central banks is not their power of infinite money creation right now, it is their power to control financial journalism.”

Powell also contends, “GATA wants free and transparent markets and limited and accountable government, at least, in the western world. We are not a gold standard organization. We are not arguing that gold and silver prices ought to be anywhere in particular, but the logic of our research is that there is a vast un-coverable short position in the monetary metals, a fractional gold and silver backing system that essentially is being underwritten secretly by central banks, and the logic of that research is the free market price of the monetary metals is multiples of where they are now.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Chris Powell of the Gold Anti-Trust Action Committee (GATA).
http://usawatchdog.com/central-banks-...


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