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Pam and Russ Martens: Fed chairman fails to answer whether Wall Street banks are too big to manage
8:56p ET Thursday, September 19, 2019
Dear Friend of GATA and Gold:
Systemic risk abounds with the big banks on Wall Street, Pam and Russ Martens write today at Wall Street on Parade, but no journalist at Federal Reserve Chairman Jerome Powell's press conference this week bothered to ask about it, and only one reporter came even close.
Powell, the Martenses write, "pretends that 2008 never happened. Lending came to a frightening halt in 2008 because no one could predict with any clarity which Wall Street bank would fail next as a result of its own high leverage or its exposure to a highly levered borrower like Lehman Brothers."
... Dispatch continues below ...
Crystal Lake Intersects 15.11 g/t Gold over 8 Meters
at Newmont Lake Project in British Columbia
Company Announcement
Wednesday, September 18, 2019
VANCOUVER, British Columbia, Canada -- Crystal Lake Mining Corp. (TSXV: CLM, OTC: SIOCF, FSE: SOG-FF) announces the intersection of shallow high-grade gold mineralization at the company's Newmont Lake gold corridor. The new results are crucial as they provide evidence of a thick unit of unusually high-grade gold mineralization within a broad envelop of continuous low-grade gold mineralization.
This discovery demonstrates that the mineral zone actually increases in width and in grade where previous models indicate a narrowing of the mineral zone. Additionally, a second deeper horizon has been intersected in an area without gold mineralization in previous models, adding to the exploration potential of the Newmont Lake gold corridor, located along the western flank of the Eskay Rift in northwest British Columbia.
The first diamond drill core assay results from ongoing drilling at the northwest zone underscore the potential for higher grades and increased continuity of grade that can result in significant expansion of the historic mineralization while new high-grade domains are targeted elsewhere along the gold-bearing McLymont Fault and numerous associated splay faults. ...
... For the remainder of the announcement ...
https://crystallakemining.com/crystal-lake-intersects-15-11-g-t-gold-ove...
Of course GATA long has complained about the critical questions the mainstream financial news organizations won't put to governments and central banks about their surreptitious interventions in the markets.
The Martenses' commentary is headlined "At Press Conference, Fed Chair Powell Refuses to Answer Whether Wall Street Banks Are Too Big to Manage" and it's posted at Wall Street on Parade here:
https://wallstreetonparade.com/2019/09/at-press-conference-fed-chair-pow...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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