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Hinde Capital: The central bank revolution
10:21a HKT Monday, March 25, 2013
Dear Friend of GATA and Gold:
Hinde Capital in London, whose CEO, Ben Davies, spoke at GATA's conference there a year and a half ago, has produced a two-part report that is a powerful indictment of Western central banking for its ever-increasing interventions in and destruction of financial markets, its blowing bubbles with explosive increases in money and credit and then more increases to reinflate them when they pop, and its "financial repression" to herd investors into and out of certain assets.
Hinde Capital's indictment credits GATA for "uncovering the true nature of policymakers' attitude to gold," adding: "It is quite possible that gold will rise to reflect its true value only when it is in the interest of policymakers to allow it. However, this will not be a smooth process, as the more an entity invokes price controls, the more demand rises relative to supply at artificially suppressed prices. So as policymakers arrest the appropriate ascent of gold, so free-market demand will rise relative to available supply and prices will begin to rise aggressively, with or without official consent."
The Hinde Capital reports are titled "The Central Bank Revolution" and, in essence, that revolution is really a revolution against democracy, a revolution to concentrate all power in a secretive and unelected elite.
The Hinde Capital reports are posted in PDF format at the Hinde Internet site. Part I is here:
And Part 2 is here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
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