2002 Ron Paul 51:4
I am writing regarding Article
4,
Section 2b of the International Monetary Fund (IMF)’s Articles of
Agreement. As
you may be aware, this language prohibits countries who are members of
the IMF
from linking their currency to gold. Thus, the IMF is forbidding
countries
suffering from an erratic monetary policy from adopting the most
effective means
of stabilizing their currency. This policy could delay a country’s
recovery from
an economic crisis and retard economic growth, thus furthering economic
and
political instability.
2002 Ron Paul 51:5
I would greatly appreciate an
explanation from both the Treasury and the Federal Reserve of the
reasons the
United States has continued to acquiesce in this misguided policy.
Please
contact Mr. Norman Singleton, my legislative director, if you require
any
further information regarding this request. Thank you for your
cooperation in
this matter.
