To: Ilaine who wrote (70432 ) 8/24/2002 2:08:51 AM From: IngotWeTrust Read Replies (2) | Respond to Cobalt Blue writes: For example, Howe (the GATA mouthpiece recently and ignominously defeated in court) argues that when the US 1) withdrew from the Bretton Woods agreement, and 2) ceased to set a statutory value for gold and 3) allowed private citizens to own gold and trade gold on COMEX, and 4) allowed the Treasury to mint gold coins but sell them at the market price plus costs, that "Congress has effectively declared that purposes of federal law, gold is no longer money but an ordinary commodity whose value against the dollar should be determined by free market forces." He's entitled to argue that, but it's contradicted by the public records of the US Treasury, which has always its gold stock as part of its international reserves. every time you hear the words "IMF" in the future, let that be a reminder to you that the Bretton Woods Currency Accord is still very much LAW OF THIS LAND, is STILL on the books!!! We have no more "withdrawn" from BW-AC than we escaped the Clinton-BillyRubin years unscathed economically.nation (not individual entrpreneurial effort such as greedy vaporware types here are trying, but any NATION)--- was making progress in creating a national e-gold system?? The answer was yes, then, and even MORE YES now, 8/23/2002
