“Gold Is Money And Nothing Else” – JP Morgan’s Full December 1912 Testimony To Congress

Friday, November 21, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/21/2014

In December 1912, no lessor man than J.P.Morgan testified to Congress to “justify Wall Street,” during investigations over alleged manipulation and collusion. The transcript reads like it could have been given yesterday (as nothing ever changes) but at its heart the banker laid out 33 “Morgan Epigrams” which appear – in the ensuing 102 years – have been lost to greed and arrogance… The irony is wondrous: “Securities do not always prove good”, “Money is gold, and nothing else”, “I think manipulation is always bad.”

The Rest…HERE

One Response to ““Gold Is Money And Nothing Else” – JP Morgan’s Full December 1912 Testimony To Congress”

  1. Make up your mind is it “Gold is Money and nothing else” or is it “Money is Gold and nothing else”

    #183220

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