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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: JF Quinnelly who wrote (71719)10/12/2006 9:36:00 AM
From: bart13  Read Replies (1) of 110194
 

Revaluing gold permitted the Treasury to issue 75% more dollars against its gold stock.


The Treasury had and has no need to have a reason like gold being revalued to issue 75% or any amount more dollars.
Gold was disconnected from the money supply, and the money supply also had little correlation with gold at the Treasury or the Fed since well before 1933.
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