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Jeff Nielson: The bankers' new gold
5:23p ET Wednesday, December 14, 2011
Dear Friend of GATA and Gold:
Where are central banks and their bullion bank agents getting the large quantities of gold they lately seem to have flooded the market with to keep the fractional-reserve gold banking system going? Tonight Jeff Nielson of Bullion Bulls Canada speculates on the possible sources, which include Greece and Libya. Nielson's commentary is headlined "The Bankers' New Gold" and it's posted at Bullion Bulls Canada here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The United States Once Again Can Establish
a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
James Grant, author and editor of Grant's Interest Rate Observer, says of the Lehrman plan: "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman the country has finally found him."
To learn more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:
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