The Exchange Stabilization Fund under the control of the US Treasury and President Barack Obama has been accused of playing a key role in manipulating commodity markets in the past.
“The ESF has been identified by experts (*) as the likely source of metal and currency used to manipulate otherwise free commodity markets. It is a secret fund with strictly limited Congressional oversight and few if any of the normal monetary safeguards. The victims of this misuse are Third World Nations who must rely upon natural resources for their livelihood, investors, and most of all, the American,” write Michael Bosler in 2000.
The ESF, which controls the “markets”, which, in turn, set the prices of commodities, stocks, bonds, etc, is likely also at the heart of manipulation leading to the plunging oil and commodities prices, which could trigger the move of a billion people to Europe, according to Klaus Schwab.
“The “Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without affecting domestic money supply.”