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Jeremy Warner: Have central banks been breaking the law?

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Chris Powell
GATA
Published : July 22nd, 2014
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Category : GoldWire

By Jeremy Warner
The Telegraph, London
Monday, July 21, 2014

http://www.telegraph.co.uk/finance/comment/je...81011/Have-c...

The best way to destroy the capitalist system, the Russian revolutionary leader Vladimir Lenin is reputed to have said, is to debauch the currency.

The world's major central banks have certainly been having a fair old go at it. In the six years since the financial crisis first broke, they've been printing money like there is no tomorrow.

Fortunately, they have not yet managed to bring down the free-market system. On the other hand, they have succeeded in putting a rocket under asset prices and, in so doing, they have greatly exaggerated the wealth divide.
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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