Chris Powell of GATA – Central Banks Destroy Our Markets & Democracy

sentinelblog

Greg Hunter

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…

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