David Stockman – Monetary Fraud And The Destruction Of Financial Markets

Saturday, November 21, 2015
By Paul Martin

November 21, 2015

Today David Stockman, the man President Ronald Reagan called upon along with Dr. Paul Craig Roberts to help save the United States from disaster in 1981, spoke with King World News about central bank monetary fraud and the destruction of financial markets. This interview also contains just a small portion of what Stockman had to say about the gold market.

Eric King: “David, let me ask you about the gold market. Obviously we have tremendous demand from all over the world as they (Western central banks) artificially push the gold price lower. Demand explodes every single time. That’s what happens inside of a secular bull market, even though we are in a cyclical bear phase right now.

But everybody is aware that the offtake of physical gold is far greater than worldwide production on an annual basis. So what that means is that the U.S. Fed goes into the New York vault, where they have other countries’ gold, we’re talking about Germany and every country that has gold sitting in that vault, and they loot that vault.

They then go into the physical market and they dump that gold in the physical market until they run out of gold to conduct those types of operations — similar to what happened in the 1960s when the London Gold Pool was overrun.

Why this obsession, this dogged obsession, with taking the gold market lower at all costs, until every single ounce of gold is gone out of that (N.Y. Fed) vault, from every country in the world that has their gold stored there?”

The Rest…HERE

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