KWN: The Fed Is Facing CollapseSubmitted by katsung47 on Tue, 07/16/2013 - 16:43
Former US Treasury Official - The Fed Is Facing Collapse
July 12, 2013
Today a former US Treasury Official told King World News that the U.S. Federal Reserve is facing collapse, and is completely trapped at this point. Dr. Paul Craig Roberts also warned that the Fed is continuing to interfere in the gold market as they desperately attempt to implement a new global plan scheme to protect the dollar. Below is what Dr. Roberts had to say in this powerful interview.
“So they are committed to printing money. Now, what’s the long-term effect of endless printing of money? It’s a house of cards, and at some point it has to blow-up. Usually it (the blow-up) happens through the exchange rate.
I’m beginning to think that the purpose of the Trans-Pacific (trade) Partnership and the Trans-Atlantic (trade) Partnership that Washington is currently negotiating, is to pull all of the European countries and all of the Asian countries, minus China, into structured trade relationships with the United States. It requires all of those countries to support the (U.S.) dollar. They would be dollar-based trade relationships.
Dr. Roberts: “I think the decline in gold and silver prices is due to intentional shorting in order to protect the dollar. The Federal Reserve (is trapped), until it can get all of these other protective mechanisms in place, such as these trade agreements. If the dollar price of gold is rising rapidly, it raises questions about the dollar’s exchange rate to other currencies, and thereby threatens the quantitative easing.