Ronan Manly: Musical chairs for central bankers on LBMA board

Section:

12:37p ET Thursday, June 25, 2020

Dear Friend of GATA and Gold:

Noting the appointment of another former central banker, Isabelle Strauss-Kahn of the Banque de France, to the board of the London Bullion Market Association, Bullion Star researcher Ronan Manly reminds us today that there is little difference between the association and central banking, which long has aimed to control and suppress the gold price.

... Dispatch continues below ...



ADVERTISEMENT

Asante Gold pursues high-margin, low-capex projects
in Ghana, Africa's largest and safest gold producer

Asante Gold Corporation (CSE:ASE / Frankfurt: 1A9 / U.S.OTC:ASGOF) is focused on developing high-margin, low capital-expense gold projects in Ghana, Africa's largest and safest gold producer.

Our experienced team members have developed 18 million ounces of gold resources in Ghana and have managed its largest underground mine.

We plan to develop our projects in a safe and environmentally sustainable way using new green technology and methods.The first mine we plan to build, Kubi, will be powered by a four-megawatt solar plant.

We believe gold is the only real money and is the basis of all money. We believe in sharing our future earnings with our shareholders. We invite you to join with us to help us finance and grow in this new 2020 super bull gold market. Visit us here:

http://www.asantegold.com/


Manly writes: "In a classic case of musical chairs, Strauss-Kahn's appointment comes from a vacancy that has arisen due to the departure from another 'independent' LBMA non-executive director, former Federal Reserve Bank of New York official Simon Potter." ...

Of Strauss-Kahn's appointment, Manly continues: "Ruth Crowell, LBMA chief executive said: 'We look forward to working with Isabelle, whose extensive experience in the financial services industry -- specifically with central banks -- will strengthen the LBMA's global reach and independence of the board.'

Manly adds: "With central banks being some of the main players in the gold market through their secretive gold leading, swaps, and leases, not to mention their behind-the-scenes accumulation, distribution, and repatriation of the yellow metal, the degree of 'independence' that influential former central bankers can have when on the board of the LBMA is debatable, to put it mildly. 'Independent of what?' may be the best question, and why the secrecy?"

Manly's report is headlined "Central Banker Musical Chairs at the LBMA -- Fed Exits, Banque de France Joins" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/central-banker-musical-cha...

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

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16