Australian Gold sold by Goldman agents to buy Third World Debt

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December 10, 2012 by richandrenee

GATA has recently published an IMF document that discloses just how unlucky the lucky country is.

“The Reserve Bank of Australia sold 167 tons of gold (two-thirds of its holdings)
during the first six months of 1997.”
DOCUMENT OF INTERNATIONAL MONETARY FUND
AND NOT FOR PUBLIC USE (p.38)

The Australian peoples gold was sold at the bottom of the market to fund the buying of third world debt. John Howard was prime minister and Goldman Sachs man Peter Costello was treasurer. Peter Costello is now with the world bank as an advisor on anti corruption, rather ironic really. Under Costello Australian household debt doubled. The RBA governor at this time was also a Goldman Sachs man Ian John Macfarlane.

The IMF document is well worth reading as it confirms what GATA et al. have been saying all along. More IMF evidence here.

Gone ... Peter Costello.

photo: criminal and traitor Peter Costello

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