1975: Fed memo for gold price manipulation

Fed chairman's 1975 memo explains need for gold price manipulation

Submitted 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:

http://www.zerohedge.com/article/smoking-gun-fed-controlling-gold

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.