Rob Kirby: U.S. rigs bond market through big banks, ESF, and derivatives

Section:

1:41p ET Sunday, November 27, 2011

Dear Friend of GATA and Gold:

In commentary posted today at GoldSeek, GATA consultant Rob Kirby of Kirby Analytics in Toronto describes how the U.S. government, through the secretive Exchange Stabilization Fund, likely is arranging and subsidizing the purchase of U.S. government bonds by five major U.S. banks holding huge derivatives books, another act of deceptive and market-destroying financial repression. Kirby's commentary is headlined "Tomfoolery at Its Finest: The Truman Show Redux" and you can find it at GoldSeek here:

http://news.goldseek.com/GoldSeek/1322414866.php

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



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