Two more U.S. State Dept. memos show conspiracy to control gold price
By: Chris Powell, Secretary/Treasurer, GATA
Sunday, 9 February 2014
Government records from decades ago don’t necessarily prove what governments are doing today, but they can demonstrate the possibly enduring interest of governments in the matters at issue. That’s what is done by two more U.S. State Department documents called to GATA’s attention this week by our friend J.V.
The first is a memorandum about “the gold question” sent in March 1974 by the deputy assistant secretary for international finance and development, Sidney Weintraub, to the undersecretary of state for monetary affairs, Paul Volcker, later to become, of course, chairman of the Federal Reserve Board. The Weintraub memo outlines the U.S. government’s views and options about gold policy in preparation for a meeting with Secretary of State Henry Kissinger. The minutes of the meeting with Kissinger, held the following month, describe in detail the great but little-understood power of gold in the international monetary system and the interest of the United States in controlling gold’s use as money. The minutes were discovered by GATA consultant Koos Jansen and published by GATA in November: