Fed will destroy itself, and gold price is rigged, Paul tells CNBC

9:41p ET Wednesday, November 25, 2009

Dear Friend of GATA and Gold:

They used to cut away from him during broadcasts of congressional hearings when he got to question Federal Reserve officials. But this week CNBC's "Squawk Box" program did a wonderful 14-minute interview with U.S. Rep. Ron Paul, R-Texas, sponsor of the increasingly popular legislation to audit the Fed. The interview treated the subject with substance unusual for television. Paul predicted that the Fed will destroy itself as it destroys the dollar. He also remarked that gold is rising even though its price "is rigged by central banks and various entities."

CNBC's on-air editor Rick Santelli participated in the discussion and emphatically agreed with Paul on the need to pierce the secrecy of the Fed's financial patronage.

You can watch CNBC's interview with Paul at the Lew Rockwell Internet site here:

http://www.lewrockwell.com/paul/paul612.html

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

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