Fed-They Do Not Have Any More Gold-Paul Craig Roberts

I will be unavailable here much of today. This article is of interest, but I haven’t had the time to develop an opinion about it. Does Roberts understand the history of the Fed as shared in THE KEENAN TEAM REPORTS: THE FED FRAUD | The European-Controlled Creature That’s Bled Us for 100 Years? I will want to read to see if I can figure this out. ~J

By Greg Hunter
January 21, 2014

4

Source: USAWatchdog.com 

Former Assistant Treasury Secretary Paul Craig Roberts is making some bold new claims about the Federal Reserve and its official government gold holdings.

Dr. Roberts contends,“They don’t have any more gold.  That’s why they can only give Germany 5 tons of the 1,500 tons it’s holding.  In fact, when Germany asked for this delivery last year, the Fed said no.  But it said we will give you back 300 tons . . . . So, they said we will give you back 20% of what you trusted us to keep for you over the next seven years, but they are not even able to do that.”

Dr. Roberts goes on to say, “The stocks of gold at the Bank of England seem to be disappearing.  The stocks of many of the gold trusts, such as GLD, are being looted . . . all of this gold is disappearing into Asian markets.  The entire West is being drained of gold.”

According to Dr. Roberts, this is an inflection point for the gold market.  Dr. Roberts says, “The reason is: the ability to supply large amounts of gold to the bullion dealers to sell has diminished with the supply of gold and silver.  What the Fed did was turn to massive ‘naked shorts’ of gold futures contracts.  They don’t have the real gold  . . . so they come in and dump contracts, say in a period of 6 minutes, that are three times the amount of gold COMEX has to make delivery. . . . So, it drives down the price of gold.  That’s how they got the price down from $1,900 to $1,250.” 

Roberts contends that America’s gold is “mainly gone.” That’s right, a former Assistant Treasury Secretary who is the father of Reaganomics, says, “They obviously don’t have any because, if they did, they would have given Germany’s gold back.  If they had any, they would let people audit the vaults.”  

Dr. Roberts warns, “The point is the ability to continue selling these ‘naked shorts’ is now disappearing because there is no gold left to back them up. . . . None of these EFT’s has the gold to back the shares.  The ability to continue looting them in order to make good on gold deliveries is running out.  So, this will prevent the Fed from selling ‘naked shorts’ to protect the dollar from its policy of quantitative easing.  That’s what’s it’s all about.  You can’t print $1,000 billion new dollars every year without causing other holders of dollars to wonder about the value of the money and to seek a way of getting out of it.  China has been doing that by going into gold.” 

On gold holdings, Dr. Roberts argues there are two big reasons why he says, “I don’t think they have any.”  Roberts says, “There is no reason for partial delivery if you have the gold.  There is no reason to sell all these naked shorts if you have the real gold you can dump on the market.”  

Roberts predicts, “If people in the West try to move from dollars into bullion and there’s not any to speak of, then you would see a massive rise in the price.”  Dr. Roberts also predicts, “I think, this year, you are going to see a further downturn in the economy.  The signs are not only that we do not have a recovery, but it’s going to get worse. . . . Christmas sales were very negative.  There’s no growth in people’s income and no jobs.  So, if the economy goes down further, what does that mean?  It means the deficit widens.  It means they have a greater debt ceiling lift.  They have to have a bigger debt ceiling increase, and all of this will alarm the world.  They’ll say, good heavens, they already had a trillion dollar deficit.  Now it’s gone up, and the Fed can’t stop the quantitative easing without the stock and bond market collapsing.  The banks’ solvency will become an issue.  So, the world is watching a bigger deficit, more printing of money, and they are likely to start dumping dollars.  When they do that, they’ll say ‘gold, I want gold.’  There’s not much supply to meet demand, and the price has to escalate.  So, I wouldn’t be surprised if that shows up this year.”   

Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.

After the interview, Dr. Roberts said, “Here’s another heads up.”  He told me he’s going to post an article from an anonymous insider that will address the question of “estate recovery” contained in Obama Care.  Dr. Roberts charges, “The Affordable Care Act is not affordable and doesn’t provide care.  It’s a way to loot the poorest people and steal whatever assets they have.” Roberts says the upcoming article will show, “The poorest who are supposed to be helped are herded into Medicaid, where any property they own is subject to estate recovery.”

Enhanced by Zemanta
This entry was posted in Financial/economic information, Illuminati/Terrorism/Corruption, Political and tagged , , , , , , , . Bookmark the permalink.

13 Responses to Fed-They Do Not Have Any More Gold-Paul Craig Roberts

  1. Bill says:

    I would like to hear Neil Keenan view as it seemed in a recent article he discovered through his audit of collateral accounts that Germany actually owes the U.S.!!!

  2. Dr. Roberts’ belief that Naked Short Selling should be a prosecuted offense is spot-on. Selling what one does not have is called “Fencing” the item; selling what does not even exist is called “Fraud”/ Driving key prices doen in order to enable ones’ associates to loot decent hard-working firms’ tangibles was called “RICO”, last time I looked.

    Cuff ‘em, Danno! No, easy now… No need to throw any books… Just book ‘em for all they have done. ALL of it! That alone is adequate to keep ‘em in stir (and HATING it, no mistake) for the rest of their natural lives.

    Besides, God’s Kingdom is well-known to be well-built built on entirely solid foundations of ETERNAL TRUTH, is why. Concomitant with which, Heaven’s love is eternal and Her Mercy unto the repentant sufferer is forever constant. So WE should be at odds with all THAT Goodness like ever so many others of late and of note, and still expect to win? Oh get outta’ here!

    Eternal Fact: The Right Thing done in the Right Way always turns out right. Goodness knows, the Right Moment is fast approaching, by all the tangible signs. And that is all. 0{:-|o[

  3. Spud says:

    Could not find a related article here to post this with… so here goes —
    Is This A Chem-Bomb Being Dropped Near San Diego?

    http://www.zengardner.com/chem-bomb-dropped-near-san-diego/#

  4. I just received an email notice about Charles Goyette and his “Freedom and Prosperity” newsletter. I looks like it could be quite interesting. He seems to be a friend of Ron Paul.

  5. isabee says:

    The Bundesbank of Germany first reported on 23.12.2013 that 37 tons of gold was repatriated and that the gold bars had been remelted when they were returned. Melted by whom, when, under what control and audit, how much, what numbers are on the bars? No-one has been answering these questions… And the rest has not been returned. After pressure from the public, they suddenly chaged their statement and said that the bars were actually the original bars that had been entrusted to the USA… when? 1951-1967 or 2013? Many contradictions and no one trusts the Bundesbank or the Fed anymore. They have been unable to see the real gold bars – how can they accept that???

  6. Frank Armaiz says:

    Any news from NFK Team???
    Take care!😄
    F

  7. Deb says:

    BREAKING NEWS, from My Private Audio….Santos Banacci is in jail…for WAKING the MASSES to the truth that we are a SOVERIGN people, and the TRUTH behind world money???..

    http://financearmageddon.blogspot.com.au/2014/01/breaking-news-santos-bonacci-arrested.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+GoldAndSilverMarket+%28GOLD+AND+SILVER+MARKET%29

    He was arrested for supposed non payment of fines, not for Sovereign activities. Just proves that when someone wakes up the sleeping masses, the powers that be attack!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s