GoldSeek.com
Posted Friday, 13 July 2012
By Rob Kirby

GATA was born in the late 1990’s - primarily on the back of fundamental research by Frank Veneroso regarding Central Bank Gold Leasing. Veneroso’s intellectual curiosity was aroused after being fed detailed data re: gold leasing by the Bank of England’s Terry Smeeton.

The fact that gold prices and interest rates were so highly “inter-related” was first publicized in the alternative media by Reg Howe in 2001. Howe alerted the world to academic accounts of the special relationship between gold and interest rates. He highlighted the body of economic law and observation associated with “Gibson's Paradox” – something Lawrence Summers [later, U.S. Treasury Secretary and current senior economic advisor to Obama] wrote about with Robert Barsky while he was a professor at Harvard in the 1980’s.

SeekingAlpha.com
July 11, 2012
By Jake Zamansky

Retail investors who look to their "financial advisors" at firms such as JPMorgan Chase (JPM) for advice on managing their retirement funds have now learned that JPMorgan advisors were nothing more than "salesmen" peddling the firm's own "house" products rather than those which were in the best interests of their clients. Those products provided a bigger "vig" for the house.

As the New York Times noted in an article last week, it was part of JPMorgan's strategy to rely heavily on retail sales to mom and pop investors after the crash. "Facing a slump after the financial crisis, JPMorgan Chase turned to ordinary investors to make up for the lost profit," the Times reported in an article by Susanne Craig and Jessica Silver-Greenberg. "But as the bank became one of the nation's largest mutual fund managers, some current and former brokers say it emphasized its sales over clients' needs."

HuffingtonPost.com