Michael Butler

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Proposed Sale of IMF Gold
By Michael Butler - March 22, 1999
President Clinton and Treasury Secretary Robert Rubin are currently proposing the sale of $1.5 to $3.0 billion worth of IMF gold reserves for the purpose of debt forgiveness to benefit the world's poor. I believe that the stated purpose of...
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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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