Patty

Today former US Treasury official, Dr. Paul Craig Roberts, warned King World News that the United States is now close to total collapse. Dr. Roberts also accused Goldman Sachs and the Fed of being totally corrupt as they desperately maneuver to try to prevent the collapse of the SWIFT payment system, and he also blasted Goldman Sachs for reiterating its call for $1,050 gold. Below is what Dr. Roberts had to say in this powerful interview.

King: “Dr. Roberts, we’ve seen Goldman Sachs reiterate their call for $1,050 gold, which has facilitated the smash on gold today. This comes on the anniversary of last year’s $200 two-day smash in gold. But Goldman is claiming gold will decline because the U.S. economy will accelerate in the second half of this year.”
Dr. Roberts: “The American economy is not going to boom because real consumer incomes have been falling, not rising. If there is no income growth then there is no credit growth either. So the U.S. economy is definitely not going to accelerate....
To hear which company has one of the highest grade gold deposits in the entire world, as well as a number of other
“I think this is just all part of keeping pressure off the dollar. This quantitative easing has done nothing for the U.S. economy except hurt it because it’s deprived everyone of interest income. This lack of interest income has caused a consumption of savings from the elderly. This is very detrimental for these people and detrimental for their heirs as well.
Also, the other day it came out that the massive amount of soybeans we ship to China have been refused. The corn we sent to China has also been refused because it was GMO tainted. So this is creating a hit to U.S. exports.

Second, there are no good paying jobs being offered in the United States -- they are just not there. The job statistics are always the same -- it’s always low-paying minimum wage stuff. These are also part time jobs, so this is not an income that supports consumer demand. The bottom line is people are really struggling.

You also have to remember that Goldman Sachs is one of the bullion banks. They are totally corrupt, and they are in league with the Fed to keep pressure off the U.S. dollar. The problem for the Fed and Goldman Sachs is that these dollar pressures could be on the verge of exploding.

The reason the dollar pressures may be on the verge of exploding is because the sanctions that we threatened the Russians with are forcing them to leave the dollar-based payment system. Meaning, they are going to start selling their energy in rubles, or for gold. They are also making barter deals with Iran.
But given the size of the Russian energy industry, if they remove that from the petrodollar it will mean a huge drop in the demand for dollars. It may well be that the Fed has caught on, and if it can’t get the American sanctions against Russia cancelled it will have to take even more offsetting actions in order to protect the dollar.

I’ve read the reports that say Russia has given us the ‘finger’ and is saying, ‘We are not going to play with dollars anymore. We are simply leaving the dollar system.’ If the Russians are able to do this, if China, India, and Brazil go along with it, then you will have removed a lot of the international payment system from dependancy on the dollar. This will also severely undermine the American SWIFT international payment system. So this could produce a run on the U.S. dollar.

I’ve told you many times, the Fed can print all the money it wants to buy bonds and keep interest rates low, but it cannot print money to buy dollars. And there is some limit as to how much it can prevail on its puppet states (in Europe) to supply money to buy dollars. At some point these puppet states will realize that the consequences for them may mean a very high domestic inflation.
The West may not be in a position to prevent an explosion in the gold price if Russia and other countries drop out of the SWIFT system. The Russian energy transactions are a trillion dollars or more (each year). Well, that’s equal to the amount of QE that was injected into the system annually. So the elimination of that demand for dollars in international transactions would offset a year of QE.

All of this means that I think the time for a reckoning for the U.S. dollar may finally be coming. So Goldman Sachs, the Fed, and the other bullion banks, are doing whatever they can to stave this off. But if there is a run on the dollar, the gold price will explode, particularly if there is not any gold to speak of in the West.”

PCR.

Floyd Brown Loc: Milwaukee WI

As I have said before those that have gained the most from our system of government are doing the most to weaken this country.

They have the power to make the changes needed to make us strong again & still protect much of what they deem good.

What they need to do is realize that 100% of nothing is nothing. If the country fails so do they.

Patty

Its like the revolving door of government jobs and bankster jobs. They don't prosecute because it personally benefits them.
You might find this interesting. Much is starting to be exposed but whether it is to late to stop them or not remains unseen.
http://wallstreetonparade.com/2014/04/insiders-tell-all-both-the-stock-market-and-the-sec-are-rigged/

Floyd Brown Loc: Milwaukee WI

Yes it is the good old boys club. You take care of me today & I will take care of you tomorrow.

If the general public would listen closer to what is going on may be enough noise would be made that some in Washington would act on doing a few things to make the market fairer.

It is becoming clearer that we may find many more to add to our voices.

Keep on digging.

jonhatfield Loc: Green Bay, WI

PCR speaks of the Free World nations as America's 'puppets.' It appears Paul Craig Roberts has become a spokesperson for fascist Putin's internet propaganda operations.

Patty

:lol: :lol: :lol:

BearK Loc: TN

When Germany asked the Fed to send them their gold, & they couldn't do it - that was more than a BIG RED FLAG. Now the Fed is going to tell us (the American tax payer) that WE owe them their money. Time for a 'Bundy Ranch' moment, & WE, the American tax payer, bluntly tell them to go to HELL. They printed monopoly money, we'll send them real monopoly money back - dig out your games you guys.

jonhatfield Loc: Green Bay, WI

By all means do exactly that, and you & your gun totin' pals can go to jail to join Bundy. Better than jail which would cost taxpayers, Bear, you should be deported to fascist Russia where Bears are the national symbol and fascist thinkers like you would feel right at home. You are an unAmerican traitor Bear.

BearK Loc: TN

In other words you feel the Fed has done us a service? You think the Roll of rich bankers that are trying to destroy this nation are patriots???

jonhatfield Loc: Green Bay, WI

You fantasize. The 'rich bankers' aren't trying to 'destroy' America. And they are definitely more patriotic than traitors who advocate not paying their taxes. Again, why don't you bear off to Russia where Bundy and you and your traitorous kind can be recruits for Putin's states' secession movement.

If you are referring to the Federal Reserve by the word 'Fed,' that institution has been in place for a hundred years. Why do you want to destroy it? Why do you want to destroy America? You and your extremist kind, RIGHT & LEFT NUTS, are despicable traitors along with your traitor-to-America Bundy.

BearK Loc: TN

Green Bay, WI - that explains it, I thought most of them were in Milwaukee and Madison.

Patty

I believe that you assuming jonnie thinks at all is giving him way to much credit. I don't even read his drivel any longer I just post him pretty pictures he can have someone else read the words to him. It seems to settle him down like jingling keys in a babies face.

jonhatfield Loc: Green Bay, WI

Classic Alinskyism from the Putin propaganda operative(s). On other threads various replies occur. :wink: :wink:

BearK Loc: TN

Ah Patty, you've got that right. From now on, I'll remember 'hatfield' is talking through his hat out in left field.

Patty

Yes that's best. His hat is actually filled with tin foil and the metals have seeped into his brain.
He is hilarious. He thinks Im a Russian plant. I keep telling him "Looks like you caught me. Did you see my poster in the Post Office? Run and tell Bullwinkle J Moose that you've caught me" The forum clown.