Former US Treasury Official – The Fed Is Facing A Wipeout
April 4, 2013
Today a former Assistant Secretary of the US Treasury told King World News that the Federal Reserve and other central planners are facing a wipeout. Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also cautioned KWN that the Fed is trying to do all they can to prolong the coming financial destruction. Below is what Dr. Roberts had to say in the second part of two extraordinary interviews which have now been released today.
Eric King: “Now that central planners have made it known they will steal bank deposits when countries are in trouble, does that help relieve QE going forward to some extent? Or is this just another lie they are trying to sell to people right now?”
Dr. Roberts: “It doesn’t relieve it, but it’s an alternative when they can’t do QE. When the dollar starts declining or collapses, and they keep printing it will drive it down even faster. So when the dollar really starts plunging they have to give up QE.
You can’t print money in the face of a falling currency. You will just make the panic worse….