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Peter Schiff: The Belgian connection
9:30p Tuesday, May 20, 2014
Dear Friend of GATA and Gold:
Fund manager Peter Schiff today casts suspicions on Belgium's supposed purchase of $215 billion of U.S. Treasuries since last August, a figure about half the size of the little country's gross national product and $20,000 for each Belgian. Schiff concludes that all this is likely the mechanism by which the European Central Bank is returning the Federal Reserve's favor in 2011 of surreptitiously rescuing European banks, with "Belgium" now buying the U.S. bonds whose purchase the Fed purports to be discontinuing.
Whatever is happening here, it is more evidence that Western central banking is essentially the cosmic deception and destruction of markets and of democracy itself, something that by comparison makes the old Nazi Reichsbank look like a model of transparency and accountability.
Schiff's commentary is headlined "The Belgian Connection" and it's posted at his radio program's Internet site, Schiff Radio --
http://www.schiffradio.com/b/The-Belgian-Connection/-383600028093290326....
-- and at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-the-belgian-connection.a...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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