Former US Treasury Official – Fed Orchestrated Gold Plunge
June 22, 2013
Today a former US Treasury Official told King World News that the U.S. Federal Reserve orchestrated Thursday’s massive gold plunge which shocked market participants. Dr. Paul Craig Roberts also warned that we are on a path which will send the U.S. into “total chaos.” Below is what Dr. Roberts had to say in this powerful interview.
Eric King: “We had the Fed out with two straight days of propaganda and that was followed up by a smash in gold and silver.”
Dr. Roberts: “Yes, that’s true. It shows how irrational markets are. In fact, there was nothing new in the Fed’s statement. The markets have known for a long time that at some point the Fed is to taper down its bond purchases and eventually stop them.
So the lack of any real information in the statement makes the market reaction seem puzzling. And it actually suggests that the too-big-to-fail banks had inside information, the Fed’s statement, and used it to short the stock, bond and gold markets….