The issue is transparency and whether the financial institutions in the U.S. – the very ones  we rely on for our family’s survival – are in fact manipulating the financial markets to our detriment.  In that light, U.S. Representative Alex Mooney from West Virginia has sent letters to the Fed and the U.S. Treasury asking them to specify which markets they’re secretly trading in.

Which markets are you secretly trading in, Mr. Wizard?  And why so many secrets?  Where I come from we call that conspiracy.

Representative Alex Mooney got a “non answer” back from the Federal Reserve Chairman, Jerome Powell, saying that the Fed in fact is not trading in gold, which didn’t really answer Mooney’s question.  Nobody asked Mr. Fed Chairman if the Federal Reserve Bank is trading in gold.

Mooney wanted to know what “MAR-KETS” the Fed is trading in – secretly.

Rep. Mooney was told by the Fed that the U.S. Treasury would answer for itself, but that accomplished nothing, and the U.S. Treasury still hasn’t answered for themselves.  And Mooney asked his question over a year ago.  What does that tell us about transparency of our financial markets?  Does that mean it’s now safe to presume the worst case scenario?

Because, for now, that’s all we got.  “So, presumably the U.S. Treasury is secretly trading in any number of markets and refuses to tell Mooney which markets they are,” says Chris Powell to Greg Hunter at USAWatchdog.com. 

Chris Powell, not related to Jerome Powell of the Fed, is the Secretary and Treasurer for the non-profit watchdog group called the Gold Anti-Trust Action Committee (GATA), whose main purpose in life is to investigate government interventions in the gold and silver markets.  What Chris Powell is saying is that there’s a major issue right now in dealing with transparency in government interference in financial markets.

We already know the financial talking heads of the mass media like to deliver “fake news” when it comes to value and the U.S. dollar, and now we’re being told the U.S. government is ripping us off by secretly controlling the financial markets. 

That raises so many red flags, and the questions GATA and representative Mooney want to know are how many markets exactly is the U.S. government secretly manipulating?   And which ones are they?  And what are we going to have to do to bring more transparency to these allegedly rigged precious metals markets?

WHO DOES REPRESENTATIVE MOONEY THINK HE IS?

This is serious business as America’s economic survival is at stake, and Rep. Mooney is far from being a lightweight in the economic realm.  Just look at the respect his name commands, for God’s sake, in any nation where the U.S. dollar flies its stars and stripes.  Could there be any greater irony in a man’s work and name than that of Alexander Mooney?  The man’s name wreaks in economics.  Could it have been any more spot on in value if his last name were Gould?  Or Gold?  Which maybe circulates in his veins.  Like Superman.  And isn’t it possible the Congressman from West Virginia is actually the most powerful man in American finance, since gold – the Kryptonite of the central banker – is and will be our greatest financial salvation?

Think about who Rep. Mooney is and what it is he might be able to do for America eventually in replacing the failing U.S. dollar.  For one, did you know Mr. Mooney is quite active in governmental finances?  He sits on the House Committee on Financial Services and is a member of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets.

The man bleeds American finance, and needs our support.  Alex Mooney likes to keep busy by sponsoring important bills – to become law a bill must be passed by both the House and the Senate in identical form and then be signed into law by the President – and he does so primarily in the issue areas of Finance and Financial Sector.

Second, Rep. Mooney recognizes the importance of gold in America’s future.  When the U.S. dollar finally fails, and nobody around the world will further accept it as an exchange of value for services and goods, there will have to be a U.S. currency to replace it that is backed by valuable assets like gold.  That’s all the world cares about right now.  They’re tired of being ripped off with worthless U.S. fiat paper. 

That’s also where the central banking system as we know it ends, which is the direction the world is going in economically, one country at a time.  Gold backing their currencies by stockpiling their central banks with tons of the precious metal.  And that’s why some of Rep. Mooney’s most important sponsored bills include H.R. 2558: To define the dollar as a fixed weight of gold; and H.R. 2559:  Which provides for the first true audit of gold owned by the United States in more than 65 years.

As we discussed last September at GOLD WARS, Rep. Mooney also sponsored the bill to gold back the U.S. dollar, H.R. 5404.

LETTER TO U.S. COMMODITIES FUTURES TRADING COMMISSION

This past February also saw the powerful member of the U.S. House Financial Services Committee press the U.S. Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the silver market manipulation that was being committed right under their noses and prosecuted by the U.S. Department of Justice.

The U.S. Justice Department had obtained a guilty plea from a former commodities trader for JPMorganChase & Co. to charges of manipulating the gold and silver markets between 2009 and 2015, and its investigation into the actions of related parties was still ongoing.

“The period of time at issue substantially overlaps the time during which your commission was investigating complaints of manipulation of the silver market – 2008 to 2013.  However, in 2013, the commission announced that it had closed its investigation without finding any wrongdoing,” Mooney’s letter to the CFTC says.

Why did CFTC fail to find the wrongdoing the Justice Department confirmed and continues to investigate?  And will the commission be re-opening its investigation into silver market manipulation and opening an investigation into gold market manipulation?  If not, why not?

These are important questions that require answering if we’re ever going to remedy the corruption that plagues our financial system and infects the U.S. dollar globally.  Representative Mooney’s letter has essentially duplicated a letter GATA had previously sent to the U.S. Commodity Futures Trading Commission, asking the commission if it has jurisdiction over surreptitious trading by the U.S. government or U.S. government agents that manipulates markets?  Or whether market manipulation by the U.S. government and its agents is exempt from CFTC regulation?

All very important questions that beg for open and thorough answers.  These are two major efforts at piercing the lack of transparency with the CFTC; one by GATA and one by Rep. Mooney.

Up to this day, the CFTC has refused to answer those questions for GATA.  They have failed to answer Mooney’s questions.  Which means the CFTC will not say whether or not it has jurisdiction over manipulative trading by the U.S. government or its agents.

Rep. Mooney’s letter further seeks answers from the CFTC about its apparent reporting discrepancies, the unusual correlation between the Chinese yuan and the gold price, and whether the CFTC believes it has jurisdiction over gold markets trading by the U.S. government or foreign governments, reports moneymetals.com.

“Congressman Mooney understands that a lack of transparency in the gold and silver markets not only undermines confidence, but it enables governments and powerful financial interests to manipulate currencies and asset prices to Americans’ great detriment,” moneymetals.com quotes from JP Cortez Policy Director of the Sound Money Defense League.

The Sound Money Defense League is a public policy group working nationally to bring back gold and silver as America’s constitutional money.  The group also maintains America’s Sound Money Index.

BOTTOM LINE QUESTION:  DOES UNITED STATES GOVERNMENT SECRETLY INTERVENE IN GLOBAL MARKETS?

When you add together all the pieces at how the financial system is manipulated here in the West a truly disturbing picture develops.  We’ve got the mass media specifically misinforming us as to the true nature of how the entire financial system operates.  There exists a system of manipulation that stems from a specific scripted financial program being disseminated to the masses that is secretly implemented by those who control the markets from behind the Wizard’s curtain, and the manipulators refuse to tell us what they’re doing.  We’re losing our life’s savings and dealing with major issues at trying to keep our family’s prospering, while the American financial institutions and governmental watchdogs manipulate the markets trying to take what we have from us.  It’s all part of the script.  Either they have our money, or we do.  It’s got to be one or the other.

That’s why the U.S. Treasury Department will not say what markets it’s secretly trading in.  But we know the truth.  “I think we can assume from that the United States government is indeed intervening surreptitiously in any number of markets at any particular time,” says Chris Powell.  “And that it’s market manipulation is very specifically exempt from regulation by the U.S. Commodity Futures Trading Commission.”