You are here
Pam and Russ Martens: Americans don't trust the Fed because it's too secretive
By Pam and Russ Martens
Wall Street on Parade, New York
Wednesday, April 8, 2015
Having defeated the Crown in a bloody revolution some two centuries ago, Americans don't like living under a patriarchy, oligarchy or kleptocracy. Unfortunately, the U.S. central bank, the Federal Reserve, is a little of all three.
On Monday this week the president of the Federal Reserve Bank of New York stated in a speech that "the Federal Reserve already is very transparent and accountable to Congress and to the public." Two days later Wall Street On Parade attempted to get one piece of very basic information from the Fed and got the royal runaround.
We wanted to know if JPMorgan Chase, a bank operating under a deferred prosecution agreement for two felony counts and under a criminal investigation for currency rigging, was still the custodian of $1.7 trillion of mortgage-backed securities owned by the Federal Reserve, as we had reported on November 3, 2014.
Other basic information from the Fed is also off-limits to the press.
Each day the president of the United States posts his daily schedule on the Internet. Trying to find out whom the chairman of the Federal Reserve has met with is far more secretive. ...
... For the remainder of the commentary:
Buy precious metals free of value-added tax throughout Europe
Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.
Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.
Visit us at www.europesilverbullion.com.
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
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:
To contribute to GATA, please visit: