U.S. rigs bond market with derivatives

Rob Kirby: U.S. rigs bond market with derivatives

Submitted by cpowell on Fri, 2012-01-13 22:54. Section: Daily Dispatches

5:50p ET Friday, January 13, 2012

Dear Friend of GATA and Gold:

Writing at GoldSeek today, GATA consultant Rob Kirby of Kirby Analytics in Toronto shows how the U.S. government works through five major banks using interest rate derivatives to control the bond market, defeating the "bond vigilantes" of old and facilitating endless wars and government bloat in what is by far the biggest part of the government's manipulation of markets. Kirby's commentary is headlined "The U.S. Dollar-Centric Derivatives Complex: Progenitor of Parasitic, Ponzi Price-Fixing" and it's posted here:

http://news.goldseek.com/GoldSeek/1326469500.php

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