A friend calls attention to the April 21 story from Reuters, appended here, reporting that President Obama proposes to loan $100 billion to the International Monetary Fund in what the president describes as an "exchange of assets." Our friend wonders whether the president's announcement signifies that, in this transaction, the United States is essentially leasing the IMF's supposed gold.
While the Reuters story provides no reference to gold, President Obama's letter to the leaders of Congress seeking support for the loan to the IMF does mention gold. That letter is also appended.
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