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No interest rate increases ever, Rickards says; Bloomberg anchor cites gold manipulation
9:39p ET Tuesday, October 7, 2014
Dear Friend of GATA and Gold:
Interviewed this week by Bloomberg News TV, fund manager and geopolitical analyst James G. Rickards contends that interest rates are unlikely ever to be raised again in his lifetime. He says that as the composition of the Board of Governors of the Federal Reserve System changes in January and becomes more supportive of easy money and as the U.S. economy remains so weak, the Fed is likely to launch another round of "quantitative easing" next year.
When the inteview turns to gold, one of the Bloomberg anchors remarks in passing that "some would say" central banks "manipulate" it -- though of course, since he is a financial journalist, he can't be expected to do any research as to whether there's any truth in what "some say."
Rickards notes the "enormous" demand for gold from China and says "the gold available to support the paper market is shrinking."
The interview is 8 minutes long and is posted at Bloomberg here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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