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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 07:26 AM
Original message

While mucking around the Federal Reserves online archives, I stumbled upon this interesting report after putting in random dates and random, interesting words. Like secret. This report from 1961 popped up. Many people say many things about the history of gold and the Federal Reserve but many of these statements are not backed up by hard information. We know that the Presidents of the United States, ever since 1914, have had a queer relationship with the Federal Reserve and both entities have manipulated our currency and gold, outrageously, in the past.

The goal, of course, is to increase and enable global trade and to make allies stronger. The worry is, degrading the dollar, draining Fort Knox of all its gold and having recessions in America that might anger the voters. The document here is secret because it is discussing how the Treasury and the Federal Reserve can secretly manipulate currency relative values vis a vis the dollar and how to use our gold reserves to basically, increase inflation and the speed which money moves through the systems.


U. S. Foreign Exchange Operations: Needs and Methods

The current international position of the United States clearly
demonstrates the advantages that would exist if the United States had at its
disposal the resources and techniques for undertaking foreign exchange
operations as a permanent feature of public policy. The present later.
national financial structure, characterised by convertibility of the major
currencies, relatively free short-term capital markets, and the existence
of large dollar holdings by foreigners (both public and private), has
greatly enhanced the possibility of large recurring movements of capital
out of and into the United States. Such movements of short-term capital,
as the Federal Reserve System has learned from its experience of the
past year, can greatly complicate the execution of an appropriate domestic
monetary policy. Similar problems have been faced by monetary authori-
ties abroad, in both the recent period and in earlier years. Solutions to
problems relating to shifts in capital flows aad their impact on national
balances of payments, together with the relationship of each international
flows to domestic monetary policies are perhaps best approached through
joint action by central banks. It is no accident that individual European
central banks have developed highly sophisticated techniques of operating
in the foreign exchange market, aad have supplemented individual opera-
tions by joiat measures of both a formal and an informal, ad hoc, character.

Monetary authorities ia the United States, on the other hand,
have not, until recently, operated in the foreign exchange market, but have
maintained the stability (and primacy) of the dollar in the international
currency structure by standing ready to buy gold from, and sell it to,
foreign monetary authorities who either need or acquire dollars for exchange
purposes. There can be little question that the interconvertibility of gold
and the dollar at a fixed price will have to remain the keystone of the
international currency structure. At the same time, foreign exchange
dealings by the United States monetary authorities, when judiciously
applied, can serve to reduce capital flows, to dampen speculation, to
minimize potential reserve effects, and hence, to minimize the impact on
the United States gold stock.
Continued>>> /

I highly recommend reading this blog. Elaine Supkis is a top notch researcher. I would post her more but she tends to offend some people. But, she kicks ass.
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 07:33 AM
Response to Original message
1. Everyone's talking about this report!

1961 TOP SECRET FED RESERVE GOLD EXCHANGE REPORT Culture of Life ... Jan 15, 2009 ... Posted in money matters by emsnews on January 15th, 2009. While mucking around the Federal Reserves online archives, I stumbled upon this interesting ... - 70k - Cached - Similar pages -
1961 CONFIDENTIAL REPORT TO FEDERAL RESERVE CHAIRMAN McCHESNEY ... - exchange-report/. The basic purpose of such operations would be to maintain ... - 25k - Cached - Similar pages -
GATA DO MORE TALK ABOUT GOLD Culture of Life News - secret-fed-reserve-gold- exchange-report/. This queer memo is slowly provoking a storm. ... - 46k - Cached - Similar pages -
overview for easyhistory - exchange-report/ ... - 76k - Cached - Similar pages -
The Federal Reserves Blueprint for Market Intervention Jan 18, 2009 ... This document is posted on her blog at: /1961-top-secret-fed-reserve-gold-exchange-report/ ... - 198k - Cached - Similar pages -
The Fed's blueprint for market intervention by James Turk ... The document, which is marked "Confidential," is from the papers of William ... - 353k - Cached - Similar pages - Blog Archive GATAs Tenth Anniversary: Gold ... - secret-fed-reserve-gold- exchange-report/. The document, which is marked Confidential, is from the ... - 64k - Cached - Similar pages -
GOLDネタ - 株と釣り - 楽天ブログ(Blog) - - exchange-report/. その文書はWilliam McChesney Martin Jr(1951~1970の間、連邦準備 ... - 44k - Cached - Similar pages -
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 07:39 AM
Response to Original message
2. Here's another thing she uncovered. SEC filing against Madoff's mother Silva
Edited on Wed Jan-21-09 07:39 AM by Joanne98
in 1963. If I was a Madoff investor trying to get my money back, I would look closely at this filing. There are other "families" on here that could be involved!

Everyone is now chattering about the latest news about Madoffs bizarre family. In tonights case, it is his mother. Ah, the son suckled such sweet milk at mamas teats! Evidently, she and her husband were also con artists. Time to snoop around and see what we find. I dont know if I hit pay dirt or not. We shall see. The Madoff crime family has as many tentacles as any Italian Mafia family. Who knows what else is hidden under the rocks? Tonight, we look at much older SEC filings and look into Gilbraltar Securities.

Madoff Mess: Mother had a run-in with the feds - Jan. 16, 2009

Accused Ponzi schemer Bernard Madoff was not the first person in his close-knit family to run afoul of federal authorities. A broker-dealer firm registered in the name of Madoffs mother, Sylvia, was effectively forced to close by the U.S. Securities & Exchange Commission more than 40 years ago. /

I've been watching CNBC to see if they would mention this but not one word. They're WORTHLESS!
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Postman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 07:43 AM
Response to Reply #2
3. CNBC are cheerleaders for monopoly capitalism
Don't expect to get any news from them....
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 07:49 AM
Response to Reply #3
4. I don't but I thought they would at least report this. They talk about Madoff all the time.
The fact that his mother was involved in a scam 40 years ago is really important. But I know, they're a joke!
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 08:30 AM
Response to Original message
5. Questions Begging Answers

By: Rob Kirby

To say that markets have been behaving strangely recently is an understatement. In recent weeks and months weve been witness to historic lows in sovereign interest rates in-the-face-of record amounts of debt being issued by governments? Weve seen the price of gold behave counter intuitively by not rising in-the-face-of unprecedented systemic global economic malaise? Last, but not least, weve witnessed a complete flip-flop in the traditional pricing of Brent Crude Oil versus West Texas Intermediate ?

So we have the price of gold, the price of crude oil and interest rates three items vital to the integrity of the U.S. Dollar - ALL trading in total disregard for their underlying fundamentals?

The following is a thought provoking analysis with commentary:

The Situation In Gold

First and foremost it is imperative that everyone realize and understand that Gold is Money. We know that gold is money because every Central Bank in the world carries gold on their balance sheets as an official reserve asset.

With that in mind, folks would do well to read one of James Turks latest articles titled, The Fed's blueprint for market intervention . In this article, Turk offers commentary on a recently unearthed 1961 document from the archives of the late, long-time former Chairman of the Federal Reserve, William McChesney Martin Jr. which details in the Feds own pen; their plans to intervene surreptitiously in the currency and gold markets to support the dollar and to conceal, obscure, and falsify U.S. government records so that the intervention would not be discovered. In Turks words,

In short, lays out what the Treasury and Federal Reserve needed to do in order to begin intervening in the foreign exchange markets, but there is even more. This document plainly shows what happens when government operates behind closed doors. It also makes clear the motivations of the operators of dollar policy long described by the Gold Anti-Trust Action Committee and its supporters -- namely, that the government would pursue intervention rather than a policy of free markets unfettered by government activity. The run to redeem dollars for gold had put the government at a crossroads, forcing it to make a decision about the future course of dollar policy. This paper describes what the government would need to do by choosing the interventionist alternative.

This document provides primary, original source supporting evidence that GATA has been right all along.

In Feb. 2007 heres what the Royal Bank of Canadas Chairman, Tony Fell had to say, confirming unequivocally that gold is money,

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