sailingaway
05-07-2013, 02:41 PM
U.S. diplomatic cables show that three years after the United States canceled the dollar's official convertibility into gold for foreign governments, thereby ending gold's formal role as money, Western governments and central banks were still meeting secretly to scheme about controlling the monetary metal's market price.
The cables, identified this week by GATA's consultant R.M. among thousands published recently by Wikileaks, reiterate that when it comes to governments and gold, "conspiracy" -- that is, planning and acting together in secret -- is not mere "theory" but simple fact and the basic way business is done.
This was established by GATA's freedom-of-information lawsuit against the Federal Reserve Board in U.S. District Court for the District of Columbia, which in 2011 forced the Fed to release the minutes of the secret April 1997 meeting of the G-10 Gold and Foreign Exchange Committee, a meeting of government finance and central bank officials devoted to similar secret scheming about controlling the gold market:
http://www.gata.org/node/9917
The G-10 Gold and Foreign Exchange Committee is so secret that the Fed maintains that it has no other records about it. Its meetings are not announced and no attendance by the public or journalists is permitted.
Other U.S. displomatic cables show that the government of China long has recognized this conspiracy:
http://www.gata.org/node/10380
http://www.gata.org/node/10416
Among the U.S. diplomatic cables published recently by Wikileaks and identified this week by GATA consultant R.M. are:
-- An account of a meeting in 1973 between U.S. Secretary of State George Shultz and West German Chancellor Willy Brandt in which Shultz acknowledged that a growing U.S. trade deficit "had drained our gold reserves," "forced the closing of our gold window, bringing the end of convertibility" in 1971, and prompted devaluation of the dollar. Until the international financial system was rebuilt, Shultz is quoted as saying, "it would be unwise for us to return to the old type of intervention in the exchange markets."
more: http://news.goldseek.com/GATA/1367956227.php
The cables, identified this week by GATA's consultant R.M. among thousands published recently by Wikileaks, reiterate that when it comes to governments and gold, "conspiracy" -- that is, planning and acting together in secret -- is not mere "theory" but simple fact and the basic way business is done.
This was established by GATA's freedom-of-information lawsuit against the Federal Reserve Board in U.S. District Court for the District of Columbia, which in 2011 forced the Fed to release the minutes of the secret April 1997 meeting of the G-10 Gold and Foreign Exchange Committee, a meeting of government finance and central bank officials devoted to similar secret scheming about controlling the gold market:
http://www.gata.org/node/9917
The G-10 Gold and Foreign Exchange Committee is so secret that the Fed maintains that it has no other records about it. Its meetings are not announced and no attendance by the public or journalists is permitted.
Other U.S. displomatic cables show that the government of China long has recognized this conspiracy:
http://www.gata.org/node/10380
http://www.gata.org/node/10416
Among the U.S. diplomatic cables published recently by Wikileaks and identified this week by GATA consultant R.M. are:
-- An account of a meeting in 1973 between U.S. Secretary of State George Shultz and West German Chancellor Willy Brandt in which Shultz acknowledged that a growing U.S. trade deficit "had drained our gold reserves," "forced the closing of our gold window, bringing the end of convertibility" in 1971, and prompted devaluation of the dollar. Until the international financial system was rebuilt, Shultz is quoted as saying, "it would be unwise for us to return to the old type of intervention in the exchange markets."
more: http://news.goldseek.com/GATA/1367956227.php