Looks Like GATA is finally getting someone to PAY ATTENTION
12:40p EDT Tuesday, October 12, 1999
Dear Friend of GATA and Gold:
Today I met with my U.S. representative, John B.
Larson, D-Conn., to express my concern that the U.S.
Federal Reserve Board and the U.S. Treasury Department
are intervening surreptitiously in the gold market to
rescue the financial houses that have been manipulating
the price of gold.
I asked him to try to get answers to the following
questions from the Fed and the Treasury. He said he
would.
Since a bailout by the Fed and the Treasury along the
lines of last year's bailout of Long-Term Capital
Management is now the greatest threat to the
restoration of gold to its rightful place in the world
monetary system, I urge gold's friends and all gold
share investors to put the same questions to their U.S.
representatives and senators. We must put the spotlight
on the Fed and the Treasury and force them to operate
in the open. In secret they can get away with anything.
But not in public.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
Questions for the Federal Reserve Board
and the U.S. Treasury Department
1) Do the Federal Reserve Board and the Treasury
Department have a policy toward the price of gold? If
so, what is it?
2) Do the Fed and the Treasury trade in gold or in
securities, futures contracts, or options related to
gold, or otherwise influence trading in gold? If so,
how?
3) Do the Fed and the Treasury trade in any financial
instruments besides U.S. government bonds? If so,
which ones and what do the Fed and the Treasury try
to accomplish with their trading?
4) Do the Fed and the Treasury have or control
brokerage accounts? If so, with which brokers?
5) Do the Fed and the Treasury try to influence the
stock and commodities markets? If so, how?
6) Do the Fed and the Treasury lend or lease gold? If
so, to whom, for what national purpose, and under what
terms?
-END-
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