Bob Chapman : Gold and silver markets are manipulated, but so are most other markets as well. Under Executive Order 12631 the government does as it pleases in markets. I have the order right here. It is entitled "Working Group on Financial Markets" and it came into force on March 18, 1988 signed, unfortunately, by Ronald Reagan. It's very short and you could reprint so that your readers understand the full extent of what's going on. This is by no means a dead letter. When you combine this authority with the authority of the Fed to create money, you are basically dealing with a fairly well-controlled system. It's certainly not what it was. -
in Daily Bell
