Jim,
Some say the biggest gold short or manipulator in the world is none other than the Federal Reserve. The Fed is not part of the government and is not really a reserve. It simply is a subcontractor for monetary policy in the United States. Can you please tell us why the Fed will ultimately fail in suppressing gold and for that matter silver? Just to get your creative juices flowing here is a little exchange the took place in Congress recently between Fed Chief Ben Bernanke and US Senator Bernie Sanders from Vermont.
“’My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars? Sanders asked, referring to the size of the Fed’s balance sheet.
…The central bank chairman replied,"NO."
Bernanke said the Fed’s lending programs were not gifts or subsidies but rather over-collateralized loans.
"We have never lost a penny doing it," he said."
–U.S. Senator Bernie Sanders (I – VT) and Fed Chairman Ben Bernanke (Reuters, March 3, 2009)
Senator Sanders is introducing legislation demanding the Federal Reserve disclose who it is giving taxpayer dollars to. I, as many, appreciate all you do to protect wealth.
Respectfully,
Greg Hunter




