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Hugo Salinas Price: The tribute the world pays to the empire
2:10p ET Sunday, September 21, 2014
Dear Friend of GATA and Gold:
In his latest commentary Hugo Salinas Price, president of the Mexican Civic Association for Silver, explains how foreign exchange surpluses kept in the bonds of countries that issue reserve currencies are actually the tax or tribute lesser countries pay to the empires that dominate them. Countries that hold such bonds in exchange for their exports have not really been paid and never will be paid, Salinas Price writes. In the old days, he adds, exporting nations could be paid by exchanging fiat currencies for gold. His commentary is headlined "The Tribute the World Pays to the Empire" and it's posted at the civic association's Internet site, Plata.com, here:
http://plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=249
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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