ALL Markets Are RIGGED by/in this Beast System

[Hunter]

Legalized Manipulation of Markets & Covert International Finance : What you should know about "The ESF (Exchange Stabilization Fund)"

http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx
Exchange Stabilization Fund

Introduction

The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund. The financial statement of the ESF can be accessed at "Reports" or "Finances and Operations."

The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary").

The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources.

The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities.

http://www.gata.org/node/13059
CFTC can't stop market rigging when U.S. government does it -- it's the law
Submitted by cpowell on Wed, 2013-09-25 18:02. Section: Daily Dispatches
2:17p ET Wednesday, September 25, 2013

Excerpt:
Dear Friend of GATA and Gold:

Today's dismissal by the U.S. Commodity Futures Trading Commission of complaints about manipulation of the silver market leaves plenty of room for a conclusion opposite from the one that news reports will publicize -- that there's no evidence of manipulation.

Indeed, while GATA is grateful to the CFTC for the hearing the agency held on the issue on March 25, 2010 --

http: //w w w (dot)gata(dot)org/node/8463

-- and particularly grateful to CFTC Commissioner Bart Chilton for arranging GATA's participation at the hearing, GATA always has warned that the CFTC's supervision of the monetary metals markets is likely trumped by the authorization given by federal law to the U.S. Treasury Department to rig all markets, and even to do it surreptitiously.

http://youtu.be/2ssrcD5GdPQ
http://www.youtube.com/watch?v=2ssrcD5G ... r_embedded
What I have been afraid to blog about: The ESF and Its History, Part 1


http://youtu.be/ImuVUab6WW0
http://www.youtube.com/watch?v=ImuVUab6WW0
Part 2