Part 4 from 'American Default': Victory in gold battle saved the New Deal

Section:

1:44p ET Friday, May 25, 2018

The fourth and final installment of Bloomberg News' excerpting of "American Default" by UCLA Professor Sebastian Edwards covers the failure of the Roosevelt administration's gold-purchasing campaign to raise commodity prices, the government's shift to a policy of outright devaluation of the dollar through the Gold Reserve Act of 1934, and the nullification of gold clauses in contracts. The excerpt is headlined "Victory in Gold Battle Saved the New Deal" and it's posted at Bloomberg here:

https://www.bloomberg.com/view/articles/2018-05-25/fdr-saved-new-deal-wi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16