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NY Fed plans to start trading the markets, former assistant Treasury secretary says
11p ET Saturday, December 21, 2013
Dear Friend of GATA and Gold:
Former Assistant U.S. Treasury Secretary Paul Craig Roberts tells King World News today that a recent report in The Wall Street Journal has not been appreciated -- that it shows that the Federal Reserve is planning to start trading markets directly. "The manipulations are becoming part of the system," Roberts says. "The New York Fed is going to be a big market player, dealing with a massive portfolio to affect the supply of credit and the prices of financial instruments." An excerpt from Roberts' interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/21_F...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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