What A Confidential 1974 Memo To Paul Volcker Reveals About America's True Views On Gold, Reserve Currency And "Petrogold"

``Below is a memo written in 1974 by Sidney Weintraub, Deputy Assistant Secretary of State for International Finance and Development, to Paul Volcker, when he was still just Under Secretary of the Treasury for Monetary Affairs and not yet head of the Federal Reserve.... [it articulates that] gold can not be allowed to dominated a "durable, stable system", and a rising gold price would cripple the reserve currency du jour... well known by most, but always better to see it admitted in official Top Secret correspondence.''