The Central Banker is Naked

Telegraph's Evans-Pritchard did try to get comment from central banks

Submitted by cpowell on Fri, 2012-10-26 16:04. Section: Daily Dispatches

11:05a CT Friday, October 25, 2012

Dear Friend of GATA and Gold:

Your secretary/treasurer's dispatch yesterday criticizing the Telegraph's international business editor, Ambrose Evans-Pritchard, and CNBC Senior Editor John Carney for not getting comment from the German Bundesbank and the Bank of England for their reports about the mysterious and long-secret removal of some German gold reserves from London --

http://www.gata.org/node/11868

-- today drew a cordial explanation from Evans-Pritchard. He wrote that he did indeed seek comment from both central banks for his report, that the Bundesbank's reply came too late for his publication deadline and didn't do more anyway than confirm the withdrawal of the German gold, offering no motive for it, and that, as usual, the Bank of England refused any comment at all. While his inability to get comment from the central banks was omitted from his report, Evans-Pritchard said, this was largely a matter of timing and lack of space in the newspaper yesterday. With more space and time Evans-Pritchard might have cited the refusal of the central banks to explain.

GATA believes that holding central banks to account in regard to gold and everything else they do should be the big objective of financial journalism and that the refusals of central banks to account for themselves should always be reported prominently. Anything less normalizes their unaccountability. Fortunately for journalism and unfortunately for the world generally, practically every day will continue to give Evans-Pritchard and all financial journalists more chances to note that while central banks run the world in secret they seldom answer questions about it, considering themselves above any democratic system of government.

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