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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.35

+0.7%

Nov 18 4:00 PM EST

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To: TobagoJack who wrote (100117)	4/18/2013 8:04:23 AM
From: John Pitera	Read Replies (1) of 217862

HI TJ, that is a red hot smoking gun...... where Volker acknolwed that ""'That day the United States announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.' ( http://www.gata.org/node/8209.) for Volker to acknowledge that hee central banks should have manipulated the price of gold is a major admission by a guy who has the most credibility of any FED chairman going back at least to Burns....... I am pleased that we have organizations like GATA to try to keep some of these Central Bankers..... from being totally corrupt. thanks for pointing that out to me...... it's early down here in Houston and I am multi tasking.... but that is a really really exceptional piece of journalism. thanks for posting it....... I suspect that I shall have an additional though or two as the tail end of the workweek unfolds.. many thanks, John

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