Central Banks Secretly Controlling all Futures Prices-Chris Powell

4By Greg Hunter’s USAWatchdog.com    (Early Sunday Release) Chris Powell, Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA), says recent bombshell evidence shows intense central bank “interventions” at the CME Group, which handles $1 quadrillion ($1,000 trillion) worth of business annually.  Powell explains, “The greatest documentation that’s come out recently has been filings by the CME Group which operates the major futures exchange in the United States.  They filed a letter with the U.S. Commodity Futures Trading Commission (CFTC) . . . showing that central banks are receiving special volume discounts for trading futures on all the major futures exchanges, not just financial futures contracts and metals futures contracts, but even agricultural futures contracts.  The CME Group’s most recent 10-K filing with the U.S. Securities and Exchange Commission (SEC) lists its customers.  Included in that list are governments and central banks.  This is really a sensational development.  Nobody can trade against central banks, they create infinite money.  If central banks are secretly trading in the futures markets, there are no markets.  The CME Group defended this as a matter of adding liquidity to the futures markets, but it’s liquidity in the sense of the Atlantic Ocean.”

Powell goes on to say, “Again, central banks create infinite liquidity. Nobody can trade against them.  That means central banks are controlling all futures prices in the United States.  Remarkably, this cannot be reported in the financial news media.  GATA has sent these documents to many news organizations around the world, and it simply cannot be talked about.  No major financial news organization dares to ask CME Group or any central bank ‘what about this secret trading with volume discounts by central banks in all the major U.S. futures markets?’  It simply cannot be discussed.  The documents don’t prove that any particular central bank is trading any particular futures contract on any given day, but they do show the central banks are trading secretly in all U.S. futures markets.  That means our market economy has been destroyed.  It really means our democracy has been destroyed because they don’t tell us what they are doing.  This is a real failure of financial journalism.  In fact, I argue that the greatest asset of central banks is not their power of infinite money creation right now, it is their power to control financial journalism.”

On the recent announcement by CME to enforce so-called trading collars on COMEX, Powell says, “Trading collars are not new in the futures markets.  They just happen to be new in the gold and silver futures markets on the COMEX.  The plan, as CME Group has explained it, is to close the gold futures market and the silver futures market for five minutes if there is a variation of $100 in gold and $3 in silver from the previous day’s close.  The timing of this is very interesting.  It is raising suspicions that something is up. . . . We have to ask ‘why now’ in gold and silver?  Is there some special strain in the market that we don’t know about?  If we had financial journalism on planet Earth, somebody would call CME group and ask not only about the central bank discount trading program, but also about the timing of this restrain time on the gold and silver markets, but nobody does that.”

So, what does this mean for the price of gold and silver?  Powell contends, “GATA wants free and transparent markets and limited and accountable government, at least, in the western world.  We are not a gold standard organization.  We are not arguing that gold and silver prices ought to be anywhere in particular, but the logic of our research is that there is a vast un-coverable short position in the monetary metals, a fractional gold and silver backing system that essentially is being underwritten secretly by central banks, and the logic of that research is the free market price of the monetary metals is multiples of where they are now.” Join Greg Hunter as he goes One-on-One with Chris Powell of the Gold Anti-Trust Action Committee (GATA). 

(There is much, much more in the video interview.)

After the Interview:

There is lots of free information and articles on the GATA website.  Please go to the home page of GATA.org to take a look.  If you would like to make a tax deductible contribution to the Gold Anti-Trust Action Committee, please click here.

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  1. allen ols

    greg; yeaaahhhaah, ESR,

    I returned from a location to immediately check for esr, but nothing so went out to get my son started to change plugs and wires on my ranger, walked back in, haha, popped up, but no video yet. I listened to fabian calvo, and others this weekend, glad your on the ball. tks. will wait for video. pcr had a blow out interview, and i checked on a fema/dhs guard, turned whistle blower, wow, JC listened to all but 10 minutes he said, so will post it here later. waiting……

  2. M.

    Good Interview

    • Greg Hunter

      This is simply stunning to me. Control all prices to cloak massive global money printing. What could go wrong?

      • freejack

        So the markets are rigged? What are you going to do about it? Exactly….

        • Greg Hunter

          I am doing something about it. I am reporting on it and making it known at my own expense.

          • Desert Rose

            Thank you, Greg, for keeping this site up!
            You ARE doing a great service. I can’t agree with Chris that the govt won’t try to take the people’s gold, though. They are already ready to bail in all the bank accounts they want.
            Holiday Greetings to you, Greg.

            • Greg Hunter

              Desert Rose,
              The rich and connected have gold. Very few, really, have it relative to the total population. Bank accounts–everyone has one! Merry Christmas to you and yours and thank you for your comments.

            • Thomas Stamps

              Can t see them calling in gold a second time Rose. They sell gold
              coins legally now and have been for almost 30 years!

            • Paul from Indiana

              Rose, the government WILL try to take whatever it can, as it exists now solely for its own self-perpetuation. But the rationale for the first gold seizure during the Roosevelt adminstration was to allow a nearly 50% depreciation of the dollar, necessary to finance “surprise!” expanding government! At that time, the dollar was fully redeemable in gold at $20.00/oz. Today our “money” is only paper and worthless in and of itself, so the government is free to debase to its heart content and let the dupes like you and me who are trying to make sense of all this take the fall. And we will. Best always. PM

              • Desert Rose

                Thanks Paul- and all. I’m a PM buyer. I got my education on this site, ZH, and the other alternative sites. Knew nothing 2 years ago. Thank you, again, Greg!
                Keep stacking everyone!

          • Mark_BC

            “So the markets are rigged? What are you going to do about it?”

            Reporting on it puts it out there in the public domain. So when the markets inevitably do crash and a new system is put in place, having all this genuine financial journalism like on USA watchdog, still floating around will make it a lot more difficult for the criminals to rewrite history in their favour, and to have a hope of us holding them accountable. This is why my concern is that all of these kinds of interviews and commentary are backed up very securely and in multiple locations.

            • Mark_BC

              One other comment, after the financial reset I think a LOT of people are going to wake up and become interested in finances… They will want to learn about what is going on and will increasingly reject the MSM. Having all these kinds of interviews archived and easily accessible would go a long way towards helping people learn.

            • Greg Hunter

              Thank you for adding this perspective when you said, “. . . having all this genuine financial journalism like on USA watchdog, still floating around will make it a lot more difficult for the criminals to rewrite history in their favour, and to have a hope of us holding them accountable.”
              Merry Christmas

          • Goldenhawk

            I am thinking freejack is bemoaning the fact that it seems impossible for anyone to do anything about this powerful rigging that has gone on forever. It is his frustration over not having an answer that I am picking up on. I just read an article by Michael Noonan highlighting the NWO agenda which overtakes our market freedom in an absolute unopposed way. How I long for the day we break their control. I thank you for doing what you do, which does indeed entail risks!

            • Desert Rose

              Freejack can listen to these speakers & the Watchman on Silverdoctors.com.
              The Watchman presents the solution for our freedom, if we will take it.

          • paul

            Greg … The Chinese are also doing something about it. I keep asking myself just how much gold does China need? … They now own 4500 tons and have $4 trillion US fiat dollars they need to cover … assuming the gold price goes to $50,000 US dollars per ounce as Jim Sinclair predicts … the 4500 tons the Chinese now hold will give them $7.2 trillion US dollars … just about enough to cover their US dollar holdings with a little extra to cover for inflation (so they just about break even at a gold price of $50,000 dollars per ounce).

            However, you don’t think the Chinese simply want to break-even when the gold price goes to $50,000 dollars an ounce?
            So what they will do about it … to see “a nice profit” like everyone else gets when gold goes to $50,000 dollars per ounce … means the Chinese will try to lower their break-even cost (probably by about an order of magnitude) … down to say $5000 dollars per ounce.

            In order to do this … the Chinese will need to accumulate 45,000 tons of gold.

            However, 45,000 tons of gold is almost the Entire World’s Supply of Gold … in order to get this much gold … they are going to have to raise their bid for it … to shake it out of “weak Western hands” … the “strong holders” like Russia, India, Germany, etc. will not so easily part with their gold … so expect the Chinese to keep raising their bid until they close to the 45,000 tons of gold they need.

            Once they get 45,000 tons of gold … the gold price could drop as low as $5000 dollars per ounce (and they will still break-even) … And any price over $5000 dollars per ounce will then represent a nice Profit for them.

            My conclusion is … we should never expect the Chinese to ever stop accumulating gold! … and for them to accumulate what they need for a nice profit … they will have to bid the price way up … to shake it out of the hands of those who hold it now!

        • Collateral Damage


          What are YOU going to do about it? Exactly…

          On behalf of Mr. Hunter, on behalf of myself, and on behalf of all of those who read WD, I have complete and utter distain for you for making that comment. I suggest you re-examine YOUR OWN LIFE and find where you can do something to help make a difference in this world.

          Do something to build community, something to help someone in need. Talk to someone so that they too can prepare themselves, physically, emotionally, and spiritually for hard times.

          Lord knows that there are enough of your fellow citizens in need these days that could use your help.

          I called a local Children’s Hospital today and asked them what donations they may need in the Volunteer Departm