Posted on 07/18/2014 6:35:46 PM PDT by SkyPilot
Paul Craig Roberts: The entire U.S. gold hoard is now gone
Former U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview:
Eric King: Dr. Roberts, I know you’ve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was your take when you saw that?
Paul Craig Roberts: Clearly what that means is that the United States doesn’t have the gold and cannot deliver it – and has forced Germany to come to terms with that, and to stop asking for it since it can’t be delivered … And so they [the U.S.] have told their puppet state [Germany] to shut up and come up with a different statement that they are content to leave [their gold] with the Fed. Perhaps they had to bribe them or give them other advantage. But, essentially, they have stopped any German agitation for the return of their gold because it can’t be returned.
King: What are the implications of that for other countries that have gold stored at the Fed? Because it’s outrageous they are not returning Germany’s gold.
Roberts: The implications are nobody will get it back. People in the gold market have suspected that the Fed used up all of the U.S. gold trying to suppress the price of gold over the years. And then after they ran out of U.S. gold, they started using all the gold left with the Federal Reserve on trust.
(Excerpt) Read more at wnd.com ...
So they protect the dollar from quantitative easing by shorting the paper gold market, the futures market. If they still had stocks of gold that they could lease to bullion dealers to sell on the market, they would still be using that technique.
In the land of no accountability, no Law,
no justice, and no Constitution,
no documentation, and no integrity,
there is now ... no gold.
Well said, all here in the Kingdom of Lies
The gold is gone? Do you think?? Duh
Without property rights, there are no rights. Paper money is only a medium of exchange.
Gold is a physical thing. Where did it go? Or, who has it now? Or is the issue that the gold is physically there but belongs to someone else?
I think they broke money.
I think it will turn out to be a very bad thing.
THE GOLDEN RULE
Those who have the gold make the rules.
You know you done me wrong baby, and you'll be sorry someday.
Paper money is only a medium of exchange.
Fiat currency is only a ghost of a medium
a sort of economic simulacrum.
That is when our new "Federal Civilian Police Force - just as well funded as the US military" will be used to back up the new Executive Orders issued by Obama.
Remember, Executive Order 6102, issued by FDR making private ownership of gold illegal, was issued by a stroke of the pen in one day (April 5th, 1933).
"forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".
Local police all over the nation now have MRAPs, SWAT gear, and are trained in military tactics.
They were issued the MRAPs by Obama for only $2,000 each, so of course they took them.
Obama will most likely make ownership of gold and weapons illegal in the same Executive Order.
This used to be Black Helicopter wackiness - soon it will be reality.
The Gibsmedat crowd will riot when their EBTs don't work. America will be in collective shock. Congress will appear even more castrated and frozen with ineptitude than they do now.
The "action" taken will be completely suspend elections, liberties, and rights.
That's my prediction.
Paper certificates telling you that you own gold will be worth nothing, and even those who own physical gold will be at risk because they will be the targets.
Trust in God, and Him alone.
Guess what. Your freedom is gone too. Courtesy of the fine folks who took the gold.
Have a good day.
The Fed was forced to sell it, and China and other nations have been on a MASSIVE gold buying spree the last 5 years.
If only because you'll be forced into the black market.
Probably NO country on Earth was as excited as Germany about Obama’s election:
Now behold what he has done to them, the people who adored him.
LOOK at what happens when you trust this insect.
What would this man to do *US*, who he genuinely LOATHES..?
If this is true, this guy is a dead man for telling the world. I can’t believe Germany and the other countries are taking this so calmly. This is simply beyond reasonable belief.
As well one should be because he's been off his rocker for awhile now. Roberts is a truther who blames the United States and Israel for virtually all the worlds "aggression" for the past 70 years. He's also a regular on RT, InfoWars, PressTV, Counterpunch, and all the other kook sites.
As to the gold stuff, the idea that he who has the most gold wins is silly. First, he has no idea if we have that gold or not. Second, goldbugs who sit around tracking which country is buying and which are selling are typically kind of crazy paulbot types. These are the people who are convinced fiat currency is a neo-con (aka Jew) conspiracy and most of our conflicts are about preventing countries from going to the gold standard.
Because Roberts served in the Reagan administration early on he has something on his resume the left and conspiracy types can point to and claim he's legit. Perhaps at one time he was, but it's clear Paul Craig Roberts has been off his meds for a very long time now.
When we left the Gold standard everything changed.
Our Dollars lost their historic medium of exchange or backing, if you will.
I contend that Gold has very little economic value. It is certainly not a measure of economic growth, activity or anything other than some arbitrary measure of wealth.
Our Dollars value is based on OIL or energy production. As it should be.
Energy/Oil is life. It is the life blood of everything and therefore is the only true measure of an economies vitality.
Isn’t Goldline real gold?
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