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GATA renews requests to Treasury, Fed for gold data
9:34p ET Tuesday, April 14, 2009
Dear Friend of GATA and Gold:
Responding to President Obama's instruction to government agencies of January 21 this year, seeking greater openness in government, GATA today reformulated and resubmitted to the U.S. Treasury Department and Federal Reserve Board our requests of last year seeking access to records of swaps involving the U.S. gold reserve. You may recall that the Treasury entirely rejected GATA's request last year while the Fed withheld most documents of any substance, contending, in part, that disclosure would harm certain proprietary interests, among others.
That there should be any secrecy at all involving the U.S. gold reserve may be construed as another proof of surreptitious U.S. government intervention in the worldwide gold, currency, and bond markets.
Despite the president's instruction for greater openness, of course GATA does not expect a more favorable response to its new requests for information. We continue to believe that, given the market rigging long under way, the disposition of U.S. and Western central bank gold reserves is considered a secret more sensitive than the plans for construction of nuclear weapons. But we hope that our renewed requests will call more attention to our issue and that their rejection will build acceptance of GATA's work over time.
Further, assuming that these new requests also will be denied, GATA may bring lawsuits against the Treasury Department and Federal Reserve in federal court if sufficient financial support can be obtained.
GATA's new request to the Treasury Department may be found here:
GATA's new request to the Federal Reserve may be found here:
Thanks so much to our law firm, William J. Olson, P.C., of Vienna, Virginia, (http://www.lawandfreedom.com) for its continued excellent assistance here.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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