Robert V. Roosa, under secretary of the treasury for monetary affairs, speaking at National Defense University, outlines his plan to sell Treasury Bills (Federal debt obligations) denominated in foreign currencies (Bills of Credit).
[restored 10/2/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
https://digitalndulibrary.ndu.edu/cgi-bin/showfile.exe?CISOROOT=/icafarchive&CISOPTR=41621&CISOMODE=print
digitalndulibrary.ndu.edu/cgi-bin/showfile.exe?CISOROOT=/icafarchive&CISOPTR=416/21&CISOMODE=print
**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:
