Why does NY Fed need all these private meetings ?

Why does NY Fed need all these private meetings with investment bankers?

Submitted by cpowell on Sat, 2011-01-01 01:22. Section: Daily Dispatches

8:21p ET Friday, December 31, 2010

Dear Friend of GATA and Gold:

Zero Hedge's pseudonymous Tyler Durdan yesterday took a good crack at the many private meetings held with Wall Street investment bankers by the president of the Federal Reserve Bank of New York, William Dudley. Of course the Fed's secrecy and favoritism are primary targets of GATA's work, even as most mainstream financial analysts and gold market analysts have no curiosity about what the Fed might be doing in secret. The Zero Hedge commentary is headlined "Why Does Brian Sack Interact With Goldman's 'FX Committee'?" and you can find it at Zero Hedge here:

http://www.zerohedge.com/article/why-does-brian-sack-interact-goldmans-f...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

New lows for gold-silver ratio

Gene Arensberg: New lows for gold-silver ratio

Submitted by cpowell on Fri, 2010-12-31 16:34. Section: Daily Dispatches

11:30a ET Friday, December 31, 2010

Dear Friend of GATA and Gold (and Silver):

The Got Gold Report's Gene Arensberg today notes that the gold-silver ratio has reached an extremely low level amid circumstances suggesting that it could go even lower as silver outperforms gold. Arensberg's commentary is headlined "New Lows for Gold-Silver Ratio" and you can find it at the Got Gold Report here:

http://www.gotgoldreport.com/2010/12/new-lows-for-gold-silver-ratio.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Major monetary step in 2010 - now the year ahead

Dear Friends of the American Monetary Institute,
(Please pardon multiple emails)

A positive note and appeal on the last day of the year:

On December 17th, major progress occurred towards monetary reform when Congressman Dennis Kucinich (D, Ohio) introduced legislation which changes a corrupt private money system using bank credit for money, into to a sustainable and just system based on using government created money, under our constitutional system of checks and balances. It ends whats known as fractional reserve banking!

He called it the National Employment Emergency Defense Act ("NEED") HR 6550 because it would solve the unemployment crisis our nation is in. It solves many other crises as well. Please ask your representatives, whether Republican or Democratic to read it here http://www.govtrack.us/congress/billtext.xpd?bill=h111-6550

This is an important monetary step forward for our people and for humanity. Progress consists of taking such steps in the right direction, educating people and gaining their support. It will take time and a sustained effort. It needs to be supported, both verbally and financially. We deeply thank those of you who are giving such support.

Now if you have not gotten to that stage yet, the American Monetary Institute does need your help: If you understand the importance of what we do, and appreciate the work we do, please make a tax deductible donation to the institute of $25, $50 or more, by sending your check payable to the:

American Monetary Institute
P.O. Box 601,
Valatie, NY 12184

You can also donate through PayPal using the donate buttons at our website at http://www.monetary.org
If you have not yet read The Lost Science of Money book, this is a good time to order it, at our home page.

The stage has been set by Congressman Kucinich for 2011 to be an important year to discuss and gain support for this "NEED" Act, HR 6550. Thats a part of what we do. Please help the American Monetary Institute continue to develop materials that educate our citizenry on how beneficial this non-partisan Act would be for our nation and give what you can.

I hope you had good Christmas holidays and wish you a Happy New Year!
Warm regards,
Stephen Zarlenga
Director,
American Monetary Institute
224-805-2200
P.S. for those of you ready to sign up for the 2011 Monetary Reform Conference, and get a $200 discount if postmarked by February 10th, go to http://www.monetary.org/2011conference.html now!