An Exercise In Futility (Thank you for contacting the New York Fed)

Part 4 of the exercise:

On November 24, 2011 I wrote to the same people:

I find it quite bizarre: you are several people working in press / public relations departments for the N.Y. Fed, the Board of Governors of the Federal Reserve, and the US Treasury / Exchange Stabilization Fund. I am a journalist for finance. I have asked each of you a very, very simple question. And not a single one of you can even reply to me with a single sentence?

Since it is now proved beyond doubt that a US/German gold agreement was reached in 1975 to “manage” the price of gold:

http://www.gata.org/node/10686,

I consider it a legitimate question that I have forwarded to you months ago.

Before I will ask it again, please be assured that this question will be raised more often in the future going forward. It won’t go away. You can’t be silent about it forever.

Here is the question one more time:

Does the United States of America and/or the US Treasury/ESF, N.Y. Fed, the Federal Reserve System have any kind of swap arrangement with the Deutsche Bundesbank and/or the Federal Republic of Germany related to that part of the souvereign German gold reserve that is held at the N.Y. Fed?

By the way, after I heard nothing from the New York Fed and Federal Reserve in Washington, I asked GATA Chairman Bill Murphy about it.

Murphy replied: “I think their lack of response and lack of denial — I mean, that’s pretty simple to deny, really simple — that they haven’t come back to you at all is indicative of the answer.”

Kind regards,
Lars Schall.

Of course, I received an automatic response from the New York Fed that said:

Thank you for contacting the New York Fed. We will respond to your e-mail as soon as possible. For more information, please visit our website at http://www.newyorkfed.org./

In response to your message:

Dear Ladies and Gentlemen,

as a financial journalist from Germany I try to get some specific answers to specific questions…

Part 5 of the exercise:

On December 30, 2011 I wrote to the same people:

Dear Ladies and Gentlemen,

at the end of the year, everyone is doing New Year resolutions. One of mine is that you’ll get in 2012 at the last day of every single month the same old question from me:

Does the United States of America and/or the US Treasury/ESF, N.Y. Fed, the Federal Reserve System have any kind of swap arrangement with the Deutsche Bundesbank and/or the Federal Republic of Germany related to that part of the souvereign German gold reserve that is held at the N.Y. Fed / within the United States?

This way a story will build up very naturally all by itself that will make you look foolish at the end.

All the best in 2012!,

Lars Schall.