Former US Treasury Official – America’s Breathtaking “Crash”
November 10, 2013
Today a former US Treasury Official spoke with King World News about the disturbing reality of America’s ultimate “crash.” He also discussed how this will have an enormous impact on the price of gold, the US dollar, and stocks. Below is what Dr. Paul Craig Roberts had to say in part I of this powerful interview series.
Eric King: “The people that have been looking to protect their wealth by accumulating physical gold and silver, and even some mining shares, have had a tough couple of years as they’ve had to watch the stock market soar while the metals have struggled. What do you say to people who are feeling a bit frustrated with this charade?”
Dr. Roberts: “What I would say to them is that the markets are rigged by the Federal Reserve’s quantitative easing — that is their bond purchases. Half of that money is used to purchase US Treasury bonds, and the other half is used to purchase the securitized mortgages from the banks that are in trouble.
So, if you’ve got a half a trillion dollars pouring into the banks, purchasing their bad investments, what do they do with the money?….