gata.org / By CHRIS POWELL / December 18, 2012
Dear Friend of GATA and Gold:
Becoming today the first British monarch to attend a Cabinet meeting since George III in 1781, Queen Elizabeth remarked on her visit last week to the Bank of England’s gold vault, which was greatly publicized in the United Kingdom. (See http://www.gata.org/node/12030.)
In a receiving line at 10 Downing St., addressing the chancellor of the exchequer, the UK treasury secretary, George Osborne, the queen said, “I saw all the gold bars. Regrettably not all of them belong to us.”
Osborne replied that Britain still has some gold left, and apparently that was that — nothing about swaps and leases and the purposes thereof, particularly secret currency market intervention to sustain the Anglo-American financial establishment that is bankrupting much of the Western world. (See http://www.gata.org/node/12016.)
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