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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (98850)	11/27/2020 12:50:09 PM
From: Goose94	Read Replies (1) \| Respond to of 202922

Gold: With more heroic financial jouranlism today, Pam and Russ Martens of Wall Street on Parade disclose that hundreds of billions of dollars appropriated by Congress for economic stimulus during the virus epidemic have been placed by Treasury Secretary Steve Mnuchin in the Treasury Department's Exchange Stabilization Fund, where much of it has been used to buy foreign currencies. Of course as GATA long has noted, the ESF is authorized to intervene surreptitiously in the currency and gold markets and indeed to intervene surreptitiously in any markets anywhere. The Martenses conclude: "The House Financial Services Committee will hold a hearing with Mnuchin and [Federal Reserve Chairman Jerome] Powell next Wednesday, December 2. We are forwarding this article to the members of the Committee, asking that they get to the bottom of this as they question Mnuchin and Powell. We're not holding our breath." Wall Street on Parade's report is headlined "75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF" and it's posted here: wallstreetonparade.com Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org