As gold is hitting all time nominal highs, I thought it might be worthwhile to take a stroll down congressional memory lane. I have here a government supplied document with JP Morgan’s testimony before congress in 1912 – one year before the passing of the Federal Reserve Act which forever changed the course of American history. Millions of investors, economists, hedge fund managers and day traders may wonder why stocks continue to fall today and Gold continues to rise. I have the answer here, and it comes from one of the most influential financiers in world history. Therefore, I think it would be wise to heed the words of someone actually involved!

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