I wonder how much main stream visibility this report will get considering the seriousness of the revelation. Not much is my guess. Seems to me that the fed should be getting a little antsy wondering when the roof is going to fall in on them with stuff like this hitting the wires. Just more evidence that the conspiracy theory is not, and never has been, a theory but a plain fact.

The writer says it's sad. What an understatement.

The original memo plus comments are located at the bottom of the Zero Hedge report.

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Fed chairman's 1975 memo explains need for gold price manipulation

Submitted by cpowell on 07:16AM ET Monday, September 28, 2009.

10:11a ET Monday, September 28, 2009

Dear Friend of GATA and Gold:

The Zero Hedge Internet site has unearthed another U.S. government memorandum from the not-so-distant past expressing the intent of the government to rig the gold price in a nominally free market and detailing the need for and methods of doing so. It's a memo written in 1975 by the chairman of the Federal Reserve Board, Arthur Burns. It's headlined "Exclusive Smoking Gun: The Fed on Gold Manipulation," and you can read about it here:

http://www.zerohedge.com/article/smoking-gun-fed-controlling-gold

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.