Federal Reserve Raises Discount Window Rate From 0.50% To 0.75%, But At 4:30PM????

This is a new in trying to scam the prudent gold holders. The new system of trying to bring the gold price down after hours is becoming a trend. Yesterday, it was the IMF "selling" its gold -see the below articles for the truth about that. Today it is that the Federal Reserve raises the discount rate from 0.50% to 0.75%, which is a meaningless change by the way. The raise comes with an announcement that this move does not signal a change of loose monetary policy. All good and fine, but why at 4:30? Aren't these things to be released at the planned dates at 2:15 while the market is open, so people can react accordingly without disrupting the markets due to lack of liquidity.

Let me tell you the reason: It is to drop the price of gold since most buyers are away after both the commodity and the stock markets are closed. The Fed has been finding it more and more difficult to suppress the price during market hours as the demand is very strong and getting stronger. They tried it yesterday after markets were closed and brought gold price by a ridiculous $20. They are doing the same today and so far gold is down $16 in the after hours market when the buyers are gone and the Fed can manipulate the market easier. This is just disgraceful and disgusting and will fail. You can only do this for so long and eventually the revenge of the markets will be bitter when gold ends up going up a lot more than it would have gone up had there not been any manipulation. This is, also, a very scummy way of doing things and makes you lose complete respect for these people as they are sinking this low and are obviously very very desperate. Desperate is good for the holders of physical gold as desperate people make mistakes and mess themselves up. It, also, signals that these people are running out of ammo and things to do that they are going this low to do it this way. Markets eventually will respond to these in the way of punishing the manipulators.

This is an opportunity to buy gold. I would use it. Fed is gifting it for the buyers of physical gold. I would not buy paper gold. That market is bound to fail in deliveries. Physical gold is the way to go.

One more reason for the Fed to raise rates is that there has been a lot of criticism with regards to how the Fed  is gifting free money to the large banks and they borrow from the Fed and go and buy treasuries and make the spread at the expense of the taxpayer. So by making it a little less sweet for the banks they are trying to make it look less bad. There must have been some closed door warnings to Bernanke from the Congress or White House about this. It is one of the topics in the Frontline documentaries, which you can find on Netflix as well as PBS looking at how Goldman makes money. You can see the video a few postings earlier. Also, China calls this the stealth monetization of debt.

This scam needs to end. The Fed needs at least to be audited heavily. The best for the people of this country is if this criminal institution is just shut down.