Matt Taibbi: The real housewives of Wall Street


11:51p ET Tuesday, April 12, 2011

Dear Friend of GATA and Gold:

Anyone getting these dispatches has a pretty good idea of the criminality of the Federal Reserve System, an alien power that rules not only the United States but most of the world as well, an unelected agency of government that, as U.S. Ron Paul, R-Texas, often notes, approrpriates and spends more than the elected agencies, Congress and the president, and does most of it on a crude patronage basis and in secret besides. Fed outrages -- or what should be considered outrages -- are an ever-depreciating dime a dozen, and so your secretary/treasurer tries not to clog your e-mailbox with too many.

But in his latest report for Rolling Stone magazine, Matt Taibbi may compile enough Fed outrages to get noticed even by the bozos in Congress, whose irrelevance may be slowing dawning on them. Taibbi's report is headlined "The Real Housewives of Wall Street -- Why Is the Federal Reserve Forking over $220 Million in Bailout Money to the Wives of Two Morgan Stanley Bigwigs?," and you can find it at Rolling Stone here:

Americans should send copies to their congressmen and ask for an explanation of why the Fed is permitted to be the mechanism that secures the dominance of the financial class over the productive classes.

Unfortunately GATA has pleaded unsuccessfully with Taibbi many times to turn his attention to the rigging of the gold market. But maybe someday. ...

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


Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

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An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany

Gold Rush 2011
GATA's London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

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The Gold Standard Now: It Can Work

Today a dollar is worth 80 percent less than it was 40 years ago, and less than 5 percent of its value a hundred years ago. We deserve a dollar that is as good as gold, a dollar that will hold its value from year to year so we can be financially secure and our economy can generate more and better jobs.

For most of America's history, our dollar was literally as good as gold. But on August 15, 1971, our politicians destroyed the link between gold and the dollar. They destroyed the foundations of our economic system.

A new Internet site,, provides news and cutting-edge analysis about this most important issue and explains how the gold standard worked in the past and how it can work in the future. Visit us today: