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Alasdair Macleod: Taming the markets
1:20p ET Friday, June 27, 2014
Dear Friend of GATA and Gold:
Government control of markets is increasing with government purchase of equities throughout the world, GoldMoney research director Alasdair Macleod writes today.
"The acquisition of equities by central banks, government pension funds, and sovereign wealth funds amounts to enormous power to sway markets the state's way," Macleod writes. "All that's required is a bit of interdepartmental cooperation and $29 trillion (and rising) can be fully utilised to this end. This intervention could increase until governments end up as significant shareholders in most major companies. Norway's government pension fund alone is buying 5% of every major listed European company."
Thus the world is set to lose not only markets but its whole private economy.
Macleod's commentary is headlined "Taming the Markets" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/research/analysis/taming-the-markets?gmrefcode=...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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