GATA Chairman Murphy reports on meeting with CFTC

By: Bill Murphy, Chairman, Gold Anti-Trust Action Committee Inc.

Chilton listened intently, took notes, as did one of the others, and asked many questions. I laid out GATA’s presentation. I am not going to get into all the details, as we will see what takes place in the months to come. But I chuckled when telling them that if they really wanted to comprehend what the gold price suppression scheme is all about, all they have to do is go to their new chairman — at the right time. No one knows what is going on better than he does.

I did not hold back. I said the main culprit of the Gold Cartel was our own government, which has been in league with bullion banks like JPMorganChase.

Naturally, I drew parallels to the Madoff scandal and how the Securities and Exchange Commission ignored nine years’ worth of probable cause to suspect a Ponzi scheme. I also laid out how and why what is occurring in gold and silver could lead to a much bigger scandal if the price suppression scheme is not stopped — and that is because the Gold Cartel is running out of the gold needed to meet the growing annual deficit between supply and demand.

I was very impressed with Chilton, and he said my trip to Washington would not be in vain.

Full Article: http://news.goldseek.com/GATA/1229670600.php

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