Ralph Young, Adviser to the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, distributes a memo to the members Federal Reserve Open Market Committee proposing that the FOMC discourage other central banks from redeeming their Federal Reserve Notes (Bills of Credit) for gold (lawful Money).
[restored 9/30/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
**The Fed Debate in the 1960s over Sterilized Foreign Exchange Intervention**
www.marketskeptics.com/2015/10/fed-debate-in-1960s-over-sterilized.html
Current U.s. National Debt:
