Former US Treasury Official – Arrest The Gold Manipulators
August 9, 2013
Today a former US Treasury Official stunned King World News when he stated that what has taken place in the gold market should have resulted “in an enormous investigation with arrests and indictments.” Dr. Paul Craig Roberts also warned that the global financial system is now in an extremely dangerous position that will result in “some type of fantastic explosion.” Below is what Dr. Roberts had to say in this powerful interview.
Eric King: “I have to ask you about this Grant Williams piece that I know you’ve had a chance to look at on the King World News site where it actually illustrates the (extraordinary) paper claims on gold. We’ve seen a parabolic explosion (on paper claims). There is a massive run on gold as the inventories at the COMEX are collapsing and we have all of these paper claims.”
Dr. Roberts: “What this shows is the consequence of repealing the position limits on speculation, because you now have a situation where derivatives drive the actual physical market. This is the exact opposite of what sound economics would have.
In previous times, the actual markets drove things and derivatives were the tail of the dog. Now the derivatives are the dog. Now stocks, bonds, gold and the commodities, they are the tail that gets wagged by the derivatives….