Incredible Minutes from a 1974 Henry Kissinger Staff Meeting on Gold

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The following excerpts are from a transcript of a 1974 meeting held by the then Secretary of State Henry Kissinger and his staff. This particular meeting was held on April 25, and focused on an European Commission Proposal to revalue their gold assets. What follows is an incredible insight into the minds of powerful American leaders scheming to maintain power and show other nations their place. What is most significant is how clearly they understood that demonetizing gold was a critical strategy to maintaining a dominant power position in the world.

So to those who continue to say that “gold doesn’t matter” because it hasn’t been used as an official asset in the monetary system for decades, I say give me a break. In fact, the reality of gold having been largely demonetized makes it an even greater threat going forward if the U.S. does not have all the gold it claims to, and other nations have more than they admit to.

Thanks to In Gold We Trust for bringing this to my attention. Choice excerpts are provided below, and breaks in the conversation are denoted with an “…” Enjoy.

Secondly, Mr. Secretary, it does present an opportunity though—and we should try to negotiate for this—to move towards a demonetization of gold, to begin to get gold moving out of the system.

Secretary Kissinger: But how do you do that?

Mr. Enders: Well, there are several ways. One way is we could say to them that they would accept this kind of arrangement, provided that the gold were channelled out through an international agency—either in the IMF or a special pool—and sold into the market, so there would be gradual increases.

Secretary Kissinger: But the French would never go for this.

Mr. Enders: We can have a counter-proposal. There’s a further proposal—and that is that the IMF begin selling its gold—which is now 7 billion—to the world market, and we should try to negotiate that. That would begin the demonetization of gold.

Secretary Kissinger:  Why are we so eager to get gold out of the system?

Mr. Enders: We were eager to get it out of the system—get started—because it’s a typical balancing of either forward or back. If this proposal goes back, it will go back into the centerpiece system.

Secretary Kissinger: But why is it against our interests? I understand the argument that it’s against our interest that the Europeans take a unilateral decision contrary to our policy. Why is it against our interest to have gold in the system?

Mr. Enders: It’s against our interest to have gold in the system because for it to remain there it would result in it being evaluated periodically. Although we have still some substantial gold holdings—about 11 billion—a larger part of the official gold in the world is concentrated in Western Europe. This gives them the dominant position in world reserves and the dominant means of creating reserves. We’ve been trying to get away from that into a system in which we can control—

…

Mr. Enders: Yes. But in order for them to do it anyway, they would have to be in violation of important articles of the IMF. So this would not be a total departure. (Laughter.) But there would be reluctance on the part of some Europeans to do this. We could also make it less interesting for them by beginning to sell our own gold in the market, and this would put pressure on them.

Mr. Maw: Why wouldn’t that fit if we start to sell our own gold at a price?

Secretary Kissinger: But how the hell could this happen without our knowing about it ahead of time?

Mr. Hartman: We’ve had consultations on it ahead of time. Several of them have come to ask us to express our views. And I think the reason they’re coming now to ask about it is because they know we have a generally negative view.

Mr. Enders: So I think we should try to break it, I think, as a first position—unless they’re willing to assign some form of demonetizing arrangement.

Secretary Kissinger: But, first of all, that’s impossible for the French.

Mr. Enders: Well, it’s impossible for the French under the Pompidou Government. Would it be necessarily under a future French Government? We should test that.

Secretary Kissinger: If they have gold to settle current accounts, we’ll be faced, sooner or later, with the same proposition again. Then others will be asked to join this settlement thing.

Isn’t this what they’re doing?

Mr. Enders: It seems to me, Mr. Secretary, that we should try—not rule out, a priori, a demonetizing scenario, because we can both gain by this. That liberates gold at a higher price. We have gold, and some of the Europeans have gold. Our interests join theirs. This would be helpful; and it would also, on the other hand, gradually remove this dominant position that the Europeans have had in economic terms.

…

Mr. Rush: Well, I think probably I do. The question is: Suppose they go ahead on their own anyway. What then?

Secretary Kissinger: We’ll bust them.

Mr. Enders: I think we should look very hard then, Ken, at very substantial sales of gold—U.S. gold on the market—to raid the gold market once and for all.

Mr. Rush: I’m not sure we could do it.

Secretary Kissinger: If they go ahead on their own against our position on something that we consider central to our interests, we’ve got to show them that that they can’t get away with it. Hopefully, we should have the right position. But we just cannot let them get away with these unilateral steps all the time.

Full transcript here.

In Liberty,
Mike

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7 thoughts on “Incredible Minutes from a 1974 Henry Kissinger Staff Meeting on Gold”

  3. FLASH: China knows about gold price suppression, and U.S. knows China knows

    Back in October gold researcher Koos Jansen and Jan Skoyles of The Real Asset Co. in London called attention to commentary by Zhang Jie, deputy editor of the Chinese publication Global Finance and a consultant to the China Gold Association, which cited the Federal Reserve’s manipulation of the gold market to protect the U.S. dollar’s standing as the world reserve currency.

    Jansen has obtained a much better English translation of this Chinese commentary, and it includes this observation about gold leasing by Western central banks: “Through continuous gold leasing the gold in the market can be circulated and produce derivatives, creating more and more paper gold. This is very significant for the United States. Gold leasing is a major tool for the Federal Reserve and other central banks in the West to secretly control and regulate the gold market, creating gold credit derivatives and global credit conflict.”

    That is, China knows all about Western gold price suppression and the U.S. government knows that China knows.

    Indeed, while financial authorities and mainstream financial journalists in the West just scoff at complaints of gold price suppression when they even deign to take notice of them, China understands gold price suppression to be the primary objective of Western central banking and is designing its own policies to overthrow it.

    CHRIS POWELL, Secretary/Treasurer

    http://www.gata.org/node/10380

    Reply

  4. Mike, can you imagine the things we’re going to find out about what’s going on behind the scenes now? Whether it’s 5 or 10 or 20 or 40 years down the line we’re going to read about how things were like a chaotic fire drill behind the scenes with everyone at the Fed scrambling to manipulate things into each new day’s equilibrium. We’ll hear about discussions that are a curious melange of ideologic arrogance in the belief of Fed economic modeling mixed with matter of course acknowledgement that those models are all bull5hit. We’ll probably read angry statements dripping with rage at libertarian types at the same time as all those spewing expletives grudingly admit to each other the truth of every every premise behind the libertarian point of view. We’ll find the insane logic of government intervention causing the people moving the levers for it to say grotesquely authoritarian things that they, too, would have been ashamed to utter when they started working for the government. It will be amazing.

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  6. Look into the software PROMIS invented by Bill Hamilton and stolen by the NSA which merged it with AI (Artificial Intelligence). AI is also used to syphon peoples money out of their bank accounts, without their permission. This happened to Reza Palevi, the Shah of Iran, Saddam Hussein,of Iraq; and to Marcus of the Philippines. AI is equipped with sensors that can detect minerals and crude-oil deposits for further exploitation, while it is being bet on in global stock markets.
    The curious thing is that the movie “Matrix mentions this AI as controlling everything in the future. The super soldiers like Duncan O’Finnian and Michael Prince AKA James Casbolt also mentions this AI.
    I encourage you to look at the website of Frank O’Collins http://www.one-heaven.org to learn the true language of the court system which is based in occultic satanic energy. This is confirmed by the PBS doc. “The Dawn Of Civilization” where one finds out that the ancient Greeks practised voodoo before going into court. It also explains the origins of the word testify. What people don’t know is that the Greek empire adopted the practises of the Babylonian empire after stealing its gold. Later the Romans did the same thing to Greece. To this day the Roman empire is still ruling having beeen infiltrated as Cicero wrote about, by the Pharisiac merchants and Rabbis who rose to positions of power in the administation of the empire.
    Today, the Vatican if ruled by the Jesuit Order, under the supervision of the Black Nobility of Venice, who are of Khazarian descendancy having converted to Talmudism in the seventh century A.D.

    Dr. William Deagle, Benjamin Freedman, Jack Bersnstein, Arthur Koestler, and Dr. John Coleman all elucidate us about their plans of world control.
    The super soldiers and Dr. William Deagle are fearless in exposing the alliance with a cold blooded species from the constellation of “The Hunter” or Orion. These Orions surrendered their will to the dark forces which oppose the true Creator of LIGHT and LIFE, and His Universal Laws of Balance and Harmony. We are being helped by benevolent and highly advanced beings like the Pleiadians in bringing our long suffering planet into THE TRUE UNIVERSAL WISDOM OF CONSCIOUSNESS.

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