Submitted by cpowell on Sun, 2012-04-29 22:07. Section: Documentation
6:13p ET Sunday, April 29, 2012
Dear Friend of GATA and Gold:
With his new study, "Dr. Zijlstra's Final Settlement: Gold as the
Monetary Cosmos' Sun," appended here, our good friend the Netherlands
economist Jaco Schipper of MarketUpdate.nl today adds substantially to
the growing documentation of the Western central bank gold price
suppression scheme.
Zijlstra is the late Dutch treasurer, prime minister, and central
banker Jelle Zijlstra, in whose memoirs Schipper has found confirmations
of that scheme, including a confirmation involving former Federal
Reserve Chairman Paul Volcker, whose involvement in gold price
suppression often has been noted by GATA:
http://www.gata.org/node/10923
http://www.gata.org/node/8209
Zijlstra knew what he was writing about, as he served not only as
president of its central bank but also, simultaneously until his
retirement in 1981, as president of the Bank for International
Settlements, where gold price suppression long has been a primary
function:
http://www.gata.org/node/8773
http://www.gata.org/node/11012
http://www.gata.org/node/11257
As noted by Schipper, in his memoirs Zijlstra recounts repeated
efforts by the U.S. government to discourage the use of gold as a
measure of currency values and writes, "Gold is artificially kept at a
far too low price."
Schipper also calls attention to Zijlstra's notation that central
banks had begun to count as an asset not only gold but "an asset on an
equal footing," apparently some claim to gold not quite in a central
bank's own possession, perhaps the original form of the somewhat
mysterious "gold receivables" that now reside on the books of many
central banks, mechanisms of imaginary inflation of official gold
reserves.
We welcome Zijlstra, if only posthumously, to the ranks of gold
"conspiracy theorists," and will have a tin-foil hat engraved in his
honor.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
