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To: hoosierham
And did the gov't even issue paper in the amount of the actual value of the gold or the lsser gov't fixed price?

Actually there us great scandal waiting to be uncovered there. Shortly after the government seized all gold coins they jacked the price of gold up. All of that "profit" has to have been accounted for on the governments books and yet never has been. Someone, I think James Blanchard, estimated what the total was and it is a staggering figure, even more so for 1933.

177 posted on 08/25/2005 4:52:47 PM PDT by atomic_dog
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To: atomic_dog
Actually there us great scandal waiting to be uncovered there. Shortly after the government seized all gold coins they jacked the price of gold up. All of that "profit" has to have been accounted for on the governments books and yet never has been. Someone, I think James Blanchard, estimated what the total was and it is a staggering figure, even more so for 1933.

How many times has the Federal Reserve been audited?

178 posted on 08/25/2005 4:58:58 PM PDT by bjs1779
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To: atomic_dog
Shortly after the government seized all gold coins they jacked the price of gold up.

To magnify a bit, I think the gold price was fixed by our government to an abnormal low price. I think they may of resold it at a profit on the world market.

180 posted on 08/25/2005 5:07:04 PM PDT by bjs1779
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