By C. Powell
Thanks to our friend W.G. for pointing out a fascinating article written for Harper’s magazine in November 1983 about the Bank for International Settlements by the veteran journalist Edward Jay Epstein, who seems to have been given unusual access to top BIS officials. Epstein’s article shows the BIS running the world financial system almost entirely in secret and, in the process, frequently intervening in the gold market or making gold available to arbitrageurs as part of a general system of currency market regulation — and swapping gold particularly as part of a policy of supporting the U.S. dollar.
Continue reading 1983 Magazine Profile Shows BIS Constantly Intervening in Gold Market in Secret