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James Turk: More than a helping hand
8:45a ET Wednesday, July 30, 2008
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, takes a look at the money borrowed by U.S. banks from the Federal Reserve since 1913, notes the recent explosion in borrowing, and suggests that the U.S. banking system may be more insolvent than "liquid." Turk's analysis is headlined "More Than a Helping Hand" and you can find it in the "Founder's Commentary" section in the third column of the GoldMoney home page here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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