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Apparently the Fed had not only entertained the idea that the USD should be fixed to a fraction of an ounce of gold, but that it should be at the conversion rate of $1000 per 1/4 ounce. The image above was allegedly leaked from Fed planners as a mock up of what this new bill might look like when it is to be issued in the year 2015. I want to stress that I could not find any credible evidence to suggest that the Fed is planning to allow the price of gold to float up to $4000 per ounce and then cap it off to enforce a fixed exchange rate of $1000 per 1/4 ounce.

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