Why American Financial Markets Have No Relationship to Reality
An Economic House of Cards
Roberts, Paul Craighttp://www.counterpunch.org/2014/11/05/why-american-financial-markets-have-no-relationship-to-reality/
Date Written: 05/11/2014
Year Published: 2014
Resource Type: Article
Cx Number: CX16894
The bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down the price of gold since September 2011. Suppression of the gold price protects the US dollar against the extraordinary explosion in the growth of dollars and dollar-denominated debt.