Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Judge Sides With GATA, Orders Fed To Present Her With Its Classified Gold Records For Private Review

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Tyler Durden
Zero Hedge
Jan 11, 2011

Our friends at GATA report an interesting development in its multi-year confrontation with the Fed, namely that the organization has “scored a small but perhaps auspicious victory over the Federal Reserve in our lawsuit seeking access to the Fed’s secret gold files. The judge presiding over GATA’s federal freedom-of-information lawsuit in U.S. District Court for the District of Columbia, Ellen Segal Huvelle, granted GATA’s motion to order the Fed to produce in complete form for the judge’s private review 20 gold-related documents the Fed has sought to keep secret. The judge ordered the Fed to deliver the documents by Friday.” While this does not mean that the Fed will actually publicly announce that its gold vaults are in fact filled with GLD stock certificates, it does put the Fed in an unpleasant position to have to escalate its defense of its secrecy in an increasingly more sensitive topic, i.e., precious metals price manipulation with or without JP Morgan, and is a definite setback for Bernanke in his pretend push to make the Fed appear more transparent.

More from GATA:

The judge’s order to the Fed to produce documents for her private review can be found at GATA’s Internet site here:

http://www.gata.org/files/GATAFedLawsuitCourtOrder-01-10-2011.pdf

Those who are skeptical of GATA’s complaint that the Federal Reserve is part of an international gold-price rigging scheme should reflect on the meaning of the Fed’s refusal to disclose all its gold-related records, records that include gold swap arrangements with foreign banks:

http://www.gata.org/node/8192

If the U.S. gold reserves are just sitting somewhere, inert, unencumbered, and unused for surreptitious market intervention, what’s the problem with full disclosure?

Stock up with Fresh Food that lasts with eFoodsDirect

Judge Sides With GATA, Orders Fed To Present Her With Its Classified Gold Records For Private Review  260310banner2

Financial journalists unafraid of aggravating the world’s financial powers should start putting gold-related questions to the Fed and other central banks and stop simply assuming that secrecy should be the normal order of things with central banks and gold.

And people everywhere who believe in free markets in the monetary metals and who have not already supported GATA financially can join our struggle here:

http://www.gata.org/node/16

This struggle could have been undertaken easily and likely more effectively by the World Gold Council, which aims to represent gold mining companies and gold investors. But the council’s indifference to questions of surreptitious central bank intervention in the gold market has left the struggle to GATA. We need your help to pursue this struggle to victory for free markets, limited government, and a better, fairer world.

And from the actual order:

ORDER
Upon consideration of defendant’s motion for summary judgment [dkt. #9], plaintiff’s opposition thereto [dkt. #13], plaintiff’s motion for in camera review [dkt. #14], defendant’s opposition and reply [dkt. #16], and plaintiff’s reply [dkt. #20], it is hereby ORDERED that defendant shall produce to the Court for in camera inspection by January 14, 2011, redacted and unredacted copies of the 20 documents indicated on its Vaughn
index. (See Exhibit 8 to Declaration of Alison M. Thro.)

This article was posted: Tuesday, January 11, 2011 at 5:28 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Help Baby Olivia Survive Her First Christmas See the rest on the Alex Jones YouTube channel.

Sexodus: Why Are Young Men Giving Up On Women? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.