FT columnist acknowledges ‘systematic market rigging’ by central banks
By: Chris Powell, Secretary/Treasurer, GATA
GoldSeek.com
Monday, 5 October 2015
Dear Friend of GATA and Gold:
GoldCore’s Mark O’Byrne today —
http://www.goldcore.com/uk/gold-blog/bis-warns-of-major-faultlines-in-gl…
— calls attention to commentary published last month in the Financial Times about the latest quarterly report from the Bank for International Settlements, in which the BIS noted that financial markets lately have been responding mainly to interest-rate pronouncements by central banks.
The FT commentary, written by the newspaper’s veteran columnist, John Plender, published September 15 and headlined “BIS Breathes New Life into Calls for Rate Rises” —
http://www.ft.com/intl/cms/s/0/50a620ac-5b04-11e5-a28b-50226830d644.html
— said the BIS report “will also have struck a chord with those investors who are weary of trying to make sense of a world where markets have been systematically rigged by central bankers.”
Despite his subscription to the FT, your secretary/treasurer missed Plender’s commentary.
That “markets have been systematically rigged by central bankers” is a story that has yet to be pursued by the Financial Times and other mainstream financial news organizations, despite GATA’s peppering them for many years with documentation of that rigging, particularly in regard to gold but also in regard to other markets, documentation summarized here:
The Rest…HERE
