Issues

GATA begins campaign to wrest documents from Fed, Treasury

GATA delivered to the Federal Reserve Board and the Treasury Department
formal requests for access to all documents in their possession that
have been generated since 1990 and mention swaps of gold involving the
U.S. government. Such swaps of gold are commonly used by governments to
intervene surreptitiously in the gold and currency markets, and in May

ACTION: Don't let them hide inflation

By not reporting M3 the Fed is telling us they're going to give us much more inflation. If the Fed doesn't want us to know how many dollars there are, how valuable can the dollar really be?

The Fed claims M3 tell us nothing more than M2, a narrower measure they also publish. But M3 has risen nearly twice as fast as M2 over the past year. The Fed makes the silly claim that M3 isn't worth the cost to study and publish, as if the cost of compiling statistics was the cause of our fiscal woes. M3 is in fact the one statistic foreign bankers rely on most. Who will invest in America if they don't trust our money?

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