Posts Tagged ‘News’
pt 2/4 FED sued over Gold Price manipulation | GATA roundtable on KWN
March 2nd, 2010 | 
Author: 
http://www.kingworldnews.com
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, lemetropolecafe.com. In this GATA roundtable interview we will have Chris Powell, Bill Murphy and Adrian Douglas.
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:
http://www.gata.org/files/GATAFedResp…
The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.
Duration : 0:10:0
Posted in foreign markets | 
Tags: Adrian, audit, ben, Bernanke, bill, celente, china, civil, Crisis, deception, Douglas, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, King, lawsuit, market, money, Murphy, News, obama, of, oil, Paul, peter, Powell, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar, World | 
7 Comments »
Harry Rady Sees U.S. Stocks Trading `Sideways’ in 2010: Video
Feb. 26 (Bloomberg) — Harry Rady, chief executive officer of Rady Asset Management LLC, talks with Bloomberg’s Matt Miller about the U.S. stock market and his investment strategy. (This report is an excerpt. Source: Bloomberg)
Duration : 0:5:2
Posted in stocks and bonds |
Tags: 2010:, All, Audio, Biotechnology, Bloomberg, bond, bonds, Care, dividends, Drugs, English, exchange, Financial, Government, Harry, health, in, Interviews, market, Markets, Media, Multimedia, Multimedia-Market, News, Rady, Sees, Services, stocks, Strategists, Team, trading, U.S., us, Video, Visual, `Sideways' |
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pt 1/4 FED sued over Gold Price manipulation | GATA roundtable on KWN
http://www.kingworldnews.com
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, lemetropolecafe.com. In this GATA roundtable interview we will have Chris Powell, Bill Murphy and Adrian Douglas.
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:
http://www.gata.org/files/GATAFedResp…
The lawsuit follows two years of GATA’s efforts to obtain from the Federal Reserve and the U.S. Treasury Department a candid accounting of the U.S. government’s involvement in the gold market. These efforts parallel those of U.S. Rep. Ron Paul, R-Texas, who long has been proposing legislation to audit the Fed. The Fed has wrapped in secrecy much of its massive intervention in the markets over the last year, and Paul’s legislation recently was approved by the U.S. House of Representatives.
Duration : 0:10:0
Posted in foreign markets |
Tags: Adrian, audit, ben, Bernanke, bill, celente, china, civil, Crisis, deception, Douglas, Fall, fed, federal, FIAT, food, GATA, gerald, Germany, gold, hyperinflation, Inflation, Investment, King, lawsuit, market, money, Murphy, News, obama, of, oil, Paul, peter, Powell, report, republic, reserve, Ron, schiff, silver, soros, stagflation, stated, stock, The, United, unrest, weimar, World |
5 Comments »
Rathbone’s Stick Sees Risk of Further Lloyds Loan Losses
Feb. 26 (Bloomberg) — Carl Stick, a director at Rathbone Unit Trust Management Ltd., talks with Bloomberg’s Poppy Trowbridge about Lloyds Banking Group Plc’s full-year loss.
Duration : 0:3:28
Posted in money markets |
Tags: Acquisitions, Actions, All, Audio, banking, Bloomberg, Charges, Company, Corporate, earnings, English, Europe, Financial, Further, Government, housing, Interviews, Ireland, Lloyds, loan, losses, market, Markets, Media, Mergers, money, Multimedia, News, of, Rathbone's, risk, Sees, Services, stick, Video, Visual, Writedowns |
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BNP’s Mortimer-Lee Sees U.K. Growth Slowing by Year-End
Feb. 26 (Bloomberg) — Paul Mortimer-Lee, global head of market economics at BNP Paribas SA, talks about the U.K. economy, which emerged from recession at a faster pace than previously estimated in the fourth quarter.
Gross domestic product rose 0.3 percent from the third quarter, compared with a previous calculation of 0.1 percent growth, the Office for National Statistics said today. Speaking with Bloomberg’s Andrea Catherwood in London, Mortimer-Lee also discusses the U.K.’s fiscal situation and European Central Bank policy.
Duration : 0:5:6
Posted in money markets |
Tags: All, Audio, AV, Bank, Banks, Bloomberg, BNP's, Budget, by, Central, economy, English, Europe, European, Experts, Germany, Greece, Growth, Inflation, Interviews, Markets, Media, money, Mortimer-Lee, Multimedia, Multimedia-Market, News, Reports, Sees, Slowing, Syndicated, television, U.K., Video, Visual, Year-End |
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Mentel Says Octopus Buying U.S. Stocks `More Broadly’
Feb. 26 (Bloomberg) — Lothar Mentel, chief investment officer at Octopus Investments Ltd., talks about his investment strategy for U.S. stocks and Greek bonds.
Mentel speaks with Bloomberg’s Rishaad Salamat in London.
Duration : 0:4:13
Posted in stocks and bonds |
Tags: Advisers, All, Audio, banking, Bloomberg, bond, bonds, Broadly', buying, Company, Country, Economic, Economies, English, European, Financial, Government, Greece, Interviews, Investment, market, Markets, Media, Mentel, more, Multimedia, Multimedia-Market, News, Octopus, Says, Services, stocks, U.S., Video, Visual |
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APS Asset’s Gheur Discusses Convertible Bonds, Stocks: Video
Feb. 26 (Bloomberg) — Adrien Gheur, portfolio manager at APS Asset Management Pte Ltd. in Singapore, talks with Bloomberg’s Susan Li about investment strategy for convertible bonds and stocks. (This is an excerpt from the full interview. Source: Bloomberg)
Duration : 0:4:44
Alex Jones Tv 3/5: Alex Takes Calls on Bank Holiday
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:10:54
Warner Says He and Corker Agree on Resolution Authority: Video
Feb. 25 (Bloomberg) — U.S. Senator Mark Warner, a Virginia Democrat, talks with Bloomberg’s Carol Massar and Matt Miller about the agreement he reached with Senator Bob Corker, a Tennessee Republican, on a financial-regulation overhaul plan for winding down systemically important companies after they fail. (Source: Bloomberg)
Duration : 0:4:7
Posted in money markets |
Tags: Agree, All, and, Audio, authority, banking, Bloomberg, Columbia, Congress, Corker, Credit, Crisis, Crunch, District, English, Financial, Government, He, Interviews, market, Markets, Media, money, Multimedia, Multimedia-Govt, News, of, on, Regulators, Resolution, Says, Services, Team, U.S., us, Video, Visual, Warner |
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Alex Jones Tv 4/5: Alex Takes Calls on Bank Holiday
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:10:51