Old Project Avalon Forum (ARCHIVE) - View Single Post - Changing Government at the Local Level ~ Honest Politicians Running for Office

peaceandlove · 10-08-2009, 05:25 PM

HELLO PENNSYLVANIA

Jake Towne running for Congress
Website: http://towneforcongress.com/

R.I.P. - The London Gold Pool, 1961-1968

Most of the public is still unaware of that the gold price is currently suppressed by governments and central banks in collusion with bullion dealers. Even fewer realize that suppression of the price of gold has plenty of historical precedence. The following is the story of the London Gold Pool.

Originally published June 14, 2009 by Jake Towne

"When gold speaks, all tongues are silent." -*Italian proverb

This article will briefly review the history and aftermath of the infamous London Gold Pool. For those unfamiliar with monetary history, let me quickly establish the events framing the London Gold Pool.

In 1933, the FED's monetary inflation caused the Great Depression which was also America's first bankruptcy. FDR plundered the American people's gold and one month later outlawed the private possession of gold, an illegal act that existed until 1975. From 1933 onwards,*America was on a "gold bullion standard."** A "gold bullion standard" exists when gold coins are not minted and owned by the people, but large international transactions with foreigners are handled in gold bar. However, the FED, America's central bank, continued inflating the monetary supply which debases the currency and likewise increases the foreigner's redemption of gold.

Continues: http://towneforcongress.com/economy/...ol-1961-1968-1

10-08-2009, 05:25 PM	#7
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Changing Government at the Local Level ~ Honest Politicians Running for Office HELLO PENNSYLVANIA Jake Towne running for Congress Website: http://towneforcongress.com/ R.I.P. - The London Gold Pool, 1961-1968 Most of the public is still unaware of that the gold price is currently suppressed by governments and central banks in collusion with bullion dealers. Even fewer realize that suppression of the price of gold has plenty of historical precedence. The following is the story of the London Gold Pool. Originally published June 14, 2009 by Jake Towne "When gold speaks, all tongues are silent." -Italian proverb This article will briefly review the history and aftermath of the infamous London Gold Pool. For those unfamiliar with monetary history, let me quickly establish the events framing the London Gold Pool. In 1933, the FED's monetary inflation caused the Great Depression which was also America's first bankruptcy. FDR plundered the American people's gold and one month later outlawed the private possession of gold, an illegal act that existed until 1975. From 1933 onwards,America was on a "gold bullion standard."** A "gold bullion standard" exists when gold coins are not minted and owned by the people, but large international transactions with foreigners are handled in gold bar. However, the FED, America's central bank, continued inflating the monetary supply which debases the currency and likewise increases the foreigner's redemption of gold. Continues: http://towneforcongress.com/economy/...ol-1961-1968-1 Last edited by peaceandlove; 10-08-2009 at 05:55 PM.