DeGaulle was tendering our obligations and demanding payment in gold and emptying Fort Knox. That was the catalyst for closing the gold window the way I understand it. What I don't recall was the price then. If it was still 35$ - the French would have been beating our brains in - what a deal!
Have you noticed he removed the comments section from his website? http://uk.youtube.com/user/BullnBearAnalytics Some ETers must have been making some pretty hysterical remarks on there. He must be hiring now that Fox got fired.
The fed has direct control over the rates on ARM and the IO ARM mortages, which are typically indexed on the short rates. These mortgages are aslo the most risky ones.
That will be his next scam, conning people out of donating their money for whatever mental disease he has.