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Just when you start thinking that everything is
futile, that everyone connected with the markets is bought off or stupid, and
that "Say Not the Struggle Naught Availeth"
is getting old, we find out that we're being watched -- and not just by the
usual peeping Toms and repo men but by some pretty important and even
sinister people.
It was that way in 2004 when out of the blue the
deputy chairman of the Bank of Russia, Oleg Mozhaiskov,
mentioned GATA at a meeting of the London Bullion Market Association in Moscow,
thereby letting the bullion bankers know that Russia was on to their rigging
of the gold market:
http://www.gata.org/node/4235
It was that way this month when publication of the
cables from the U.S. embassy in Beijing disclosed that the Chinese
government's view of the gold market matches GATA's:
http://www.gata.org/node/10381
http://www.gata.org/node/10387
And then today our friend B.S. spotted an obscure reference to GATA at the Internet
site of New York Times columnist Paul Krugman, who
had just attempted some technical analysis of the gold market. Krugman concluded:
"Larry Summers directs me to a 1988 paper he
wrote with Robert Barsky with a similar theme,
although applied to the gold standard era rather than recent events."
An Internet link was embedded in that final sentence
--
http://www.gata.org/files/gibson.pdf
-- and it took the reader
to GATA's Internet site, where the academic paper in question has been posted
for a long time.
Of course Summers is the former Harvard economics
professor and U.S. treasury secretary who, with Robert Rubin, whom he served
as deputy treasury secretary, developed the U.S. government's end of the
modern surreptitious gold price suppression scheme, which was based in part
on the research of the academic paper Krugman
cited, a paper rediscovered and first made relevant in 2001 by GATA
compatriot Reginald H. Howe, the original gold price suppression litigator:
http://www.goldensextant.com/
Of course Krugman knows
nothing about what's really happening with gold and surely doesn't want to
know about it -- how could he, working for The New York Times and having won
a Nobel Prize? But Summers is a mastermind of the price suppression scheme
and market manipulation, and Krugman now has shown
Summers to have been trolling around at GATA's Internet site.
We'd like his autograph. We already have his
fingerprints.
Krugman's
blog with the link to GATA can be found here:
http://krugman.blogs.nytimes.com/2011/09/06/treasuries-tips-and-gold-won...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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