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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Michael Ballanger: CME's 'fiat police' arrive right on schedule

By cpowell
Created 2017-12-28 23:09

6:10p ET Thursday, December 28, 2017

Dear Friend of GATA and Gold:

Mining entrepreneur Michael Ballanger writes this week that the bitcoin futures market started by CME Group has done its job, knocking the legs out from under the cryptocurrency.

As the British economist Peter Warburton wrote in 2001 in his essay "The Debasement of World Currency: It's Inflation, But Not as We Know It," under the control of central banks and their agent investment banks, futures markets function mainly to prevent investors from finding any hedge against the devaluation of government currencies:

http://www.gata.org/node/8303 [1]

Ballanger also compliments GATA Chairman Bill Murphy's internet site, LeMetropoleCafe.com, as "the best website for raw analysis of gold and silver markets."

Ballanger's commentary is headlined "CME 'Fiat Police' Arrive Right on Schedule" and it's posted at GoldSeek here:

http://news.goldseek.com/GoldSeek/1514488180.php [2]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [3]



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