je vous mets avec le courrier intro du Gata, ça vaut le jus !
The following report was sent to me this afternoon by
Café member David Adair of Alamogordo, New Mexico:
1961 CONFIDENTIAL REPORT TO FEDERAL RESERVE CHAIRMAN
McCHESNEY MARTIN Jr
U. S. Foreign Exchange Operations: Needs and Methods
It is a dream find as far as GATA is concerned. As one
in our GATA camp says...
"Absolutely perfect for GATA. It's like the base paper
written by the feds to explain what the feds need to do
to intervene in the foreign exchange markets, and it is
not too difficult from this paper to take it to the
next step -- intervention in the gold market. Most of
the things we have been contending with are in this paper.
"It's interesting in a number of respects. It's basically
an early position paper on how the Treasury and the Federal Reserve would intervene in foreign currency and gold markets, and the impact those intervention would have on the Fed's
role of managing domestic monetary policy."
There will be a more detailed analysis of this report
by the GATA camp in the days ahead.