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