BullionStar quoted in Wall Street Journal article on New York Fed Gold

More opacity from the Fed about its custodial gold vaults.

https://www.bullionstar.com/blogs/ronan-manly/bullionstar-quoted-wall-street-journal-article-new-york-fed-gold/

New York Fed Buys Building Housing Plunge Protection Team

An oldie but goodie on the Plunge Protection Team.

http://www.zerohedge.com/news/new-york-fed-buys-building-housing-plunge-protection-team

New York Fed president, Bill “Let ’em Eat iPads” Dudley, refuses a question about gold swaps in public

http://thedailycoin.org/new-york-fed-president-bill-let-em-eat-ipads-dudley-refuses-a-question-about-gold-swaps-in-public/2016/04/05/

The Keys to the Gold Vaults at the New York Fed – Part 2: The Auxiliary Vault

https://www.bullionstar.com/blog/ronan-manly/keys-gold-vaults-new-york-fed-part-2-auxiliary-vault/

When Goldman Writes The New York Fed's Press Releases, Then All Is Lost

Goldman Sachs doesn't just have undue influence over the Fed.  It IS the Fed.  Or at least the Fed has jobs waiting for former Fed and US Treasury officials.

http://www.zerohedge.com/news/2014-12-06/when-goldman-writes-new-york-feds-press-releases-then-all-lost

Why Is JPMorgan's Gold Vault, The Largest In The World, Located Next To The New York Fed?

After reading this article connecting JPMorgan's gold vaults to the New York Fed's gold vaults, it doesn't take much to connect the dots that re-hypothecation of sovereign gold is a clear and present danger.  He who repatriates gold first, repatriates best.

http://www.zerohedge.com/news/2013-03-02/why-jpmorgans-gold-vault-largest-world-located-next-new-york-fed

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed

Agency MBS Historical Operational Results and Planned Purchase Amounts

As ghastly high as the Fed's plans are to purchase mortgage-backed securities as part of QE, the actual purchases are twice as high. Don't believe me?  Check the New York Fed's own data:

http://www.newyorkfed.org/markets/ambs/ambs_schedule.html

The problem with unlimited QE and Operation Twist is eventually, there isn't enough debt for the Fed to purchase--they will have run out of things to buy.  Then what?  Well, print more, of course...

Some Follow-Up Questions For The Bundesbank, And Its Gold

This author de-bunks the lies emanating from the Bundesbank in its claim that the New York Fed and London can be trusted as custodians of Germany's gold reserves.

http://www.zerohedge.com/news/2012-10-28/some-follow-questions-bundesbank-and-its-gold

Bundesbank Says NY Fed to Help Meet Gold Audit Request

The New York Fed offering to audit the Bundesbank's gold reserves vaulted in New York is like the wolf guarding the hen house.

http://www.businessweek.com/news/2012-10-25/new-york-fed-to-help-bundesbank-meet-gold-audit-requirements

U.S. regulators irate at NY action against Standard Chartered

Yes, laundering money for Iran is the headline, but the subtext is the cozy relationship between London and Washington is about to get icy.  The Olympic spirit lasted all of two weeks, as the sharks are now devouring other sharks.

The other subtext is US regulators are angry at New York regulators for doing their jobs, while the New York regulators are angry at the Fed and US Treasury for not doing theirs.

And caught in the middle is poor ol' Timmy Geithner, now US Treasury Secretary--and former New York Fed President.  He's barely recovering for his non-action during the LIBOR scandal, and now he is getting heat from all sides.

This finger-pointing exercise would be comedic if it wasn't so tragic to American consumers, whose purchasing power is being robbed blindly by the incessant manipulation of markets by the central planners.  My takeaway message?  They're all corrupt sociopaths, and their day of reckoning is rapidly approaching.  The current theater is amusing only because they are exposing each other.

http://www.reuters.com/article/2012/08/10/us-standardchartered-iran-idUSBRE87911820120810

I think it's a concerted effort that's been organized at the top of the U.S. government. I think this is Washington trying to win a commercial battle to have trading from London shifted to New York," said John Mann, a member of parliament's finance committee who also called for a parliamentary inquiry.

Mann, from the center-left Labor party, has become a public scourge of London bankers' greed and immorality during the financial crisis. But he told Reuters he saw "anti-British bias" behind "disproportionate publicity that's given to British banking problems as opposed to American banking problems".

A British executive at an institution which ranks among the top 25 shareholders in Standard Chartered saw, like Mann, a politically motivated move by U.S. officials irked by the major role London plays in the global financial industry, attracted big investments from major U.S. banks like JPMorgan Chase, Goldman Sachs and Morgan Stanley.

"Are we starting to see an anti-London bias in U.S. regulatory activities?" the executive asked. "Oh yes. Is there any subtle form of banking sector protectionism going on? Yes."

The New York Fed On The "Phenomenal Asset" That Is Gold

This goes against Fed Chairman Bernanke declaring the purpose of the US Treasury of holding gold is merely done for "tradition."  He should tell the New York Fed to modify their brochures.


http://www.zerohedge.com/news/new-york-fed-phenomenal-asset-gold

Brian Sack Is Out

Another rodent abandons ship.

http://www.zerohedge.com/news/brian-sack-out

New York Fed Refuses To Disclose Data On "The Largest Theft Of Funds In National History" Which Could Be Three Times Larger Than Expected

http://www.zerohedge.com/article/new-york-fed-refuses-disclose-data-largest-theft-funds-national-history-which-could-be-three

Secret banking cabal

To conspiracy theorists, the existence of a secret banking cabal is not news. What is shocking is the fact that a mainstream financial media outlet like Bloomberg would write about it. What is this world coming to? Will CNBC next expose the price suppression of precious metals in London and at the COMEX?

http://www.bloomberg.com/news/2010-01-28/secret-banking-cabal-emerges-from-aig-shadows-david-reilly.html

The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system -- apart from the matter of AIG’s bailout -- deserves further congressional scrutiny.

Why and What are Geithner and Bernanke hiding?

http://www.huffingtonpost.com/2010/03/22/new-york-fed-warehousing_n_508443.html

New York Federal Reserve Bank

The term secret banking cabal is appropriate in describing the New York Federal Reserve Bank in its role of bailing out insurer AIG.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaIuE.W8RAuU

That the New York Fed, a quasi-governmental body, was able to push around the SEC, an executive-branch agency, deserves a congressional hearing all by itself.

Later, when it became clear information would be disclosed, New York Fed legal group staffer James Bergin e-mailed colleagues saying: “I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals -- too many counterparties, too many lawyers and advisors, too many people from AIG -- to keep a determined Congress from the information.”

Think of the enormity of that statement. A staffer at a body with little public accountability and that exists to serve bankers is lamenting the inability to keep Congress in the dark.

This belies the culture of secrecy obviously pervasive within the New York Fed. Committee Chairman Edolphus Towns noted during the hearing that the bank initially refused to disclose even the names of other banks that benefited from its actions, arguing this information would somehow harm AIG.

Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the Trilateral Commission.

Yet when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.