Rob Kirby: Smoke, mirrors, SDRs, and gold -- why central banks cannot tell the truth

Section:

10:45p ET Tuesday, March 16, 2010

Dear Friend of GATA and Gold:

GATA consultant Rob Kirby of Kirby Analytics in Toronto this week did a fair amount of forensic accounting and determined that the Western central bank currency swaps that with great fanfare supposedly were reversed recently were actually just made permanent with the simultaneous creation of $250 billion in Special Drawing Rights, which were promptly monetized. Kirby's commentary is headlined "Smoke, Mirrors, SDRs, and Gold: Why Central Banks Cannot Tell the Truth" and you can find it at GoldSeek here:

http://news.goldseek.com/GoldSeek/1268755740.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/

* * *

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