Fed chairman's 1975 memo explains need for gold price manipulationSubmitted by cpowell on Mon, 2009-09-28 14:16. Section: Daily Dispatches
10:11a ET Monday, September 28, 2009
Dear Friend of GATA and Gold:
The Zero Hedge Internet site has unearthed another U.S. government memorandum from the not-so-distant past expressing the intent of the government to rig the gold price in a nominally free market and detailing the need for and methods of doing so. It's a memo written in 1975 by the chairman of the Federal Reserve Board, Arthur Burns. It's headlined "Exclusive Smoking Gun: The Fed on Gold Manipulation," and you can read about it here:CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.