Gold and the U.S. Dollar: A Fight to the Death — Paul Craig Roberts
from USA Watchdog:
Former Assistant Treasury Secretary, Dr. Paul Craig Roberts, says, “Gold and the dollar are in a fight to the death.” Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars. The United States has never experienced anything like the creation of new money it has issued from quantitative easing, which is now multi-years old.
Because the dollar has been the world reserve currency since the end of WWII, countries all over earth have huge stocks of dollars. It’s not just countries or central banks, but companies and individuals. As people view their holdings, an enormous supply of dollars in light of this extraordinary printing of new money by the Fed, they get nervous. They say ‘I should lighten up my holdings of dollars and get into something else. Maybe I should get into gold or foreign currency.’ So, this puts pressure on the dollar’s exchange value. The first way that pressure manifested itself was the rising price of gold. Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century. The Federal Reserve, in order to protect quantitative easing which is necessary to save the banks, began manipulating the gold price in a new and more intense way. They used their bullion banks to short the gold in the COMEX futures market. The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’ Of course they would, and people are catching on.”
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Whistler Blowers, Insiders
As nations rise and fall (and they ALL will fall someday) the Socialist politicians will always do anything they can get away with to steal (be it by way of inflation or actual confiscation of wealth of citizens or non-citizens) as much as they can to prop their governments up. All for ‘the benefit of the citizen’s’ who are not able to take care of themselves. The U.S.A. could have signed its death papers in 1913 when the private bank called Federal Reserve was created and the U.S.A. gave its financial sovereignty away. Since ≥$4 trillion Federal Reserve Notes have been printed in the past few years (non of which has anything of value backing them) it’s about time the nations of the world stop wanting U.S. money. We’ll see hyperinflation before ten years passes (probably much sooner than 10 years). As China buys the world’s stockpiles of gold and India buys the world’s silver humanity will, once-again see that only gold and silver have lasting value.