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KWN: The Fed Is Facing Collapse

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.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

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I found this interview to be valuable.

I found this interview to be valuable. I have for a while liked PCR in some areas, and have been skeptical over some of his positions too. His take on the true purpose of the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership as a means to continue propping up the Dollar was what I found valuable. I have been trying to read up on these 2 agreements. I recommend doing the same, and listening to this interview.

I think

at this point, everything is about supporting the dollar. Foreign leaders who are too independent are penalized or attacked and countries who join the devaluation gang are offered a share of the plunder. I think they are extremely aware of how fragile this house of cards has become. Look at the flash crash that happened when resistance to raising the debt ceiling came about. That was no wrongly pressed button, it was certainly done as a show of power by the financial powers that be to the political class. They know the stakes of this game and how leveraged things have become from years of taking the easy way out of everything. In the current upside down world, the child who says the emperor has no clothes is executed.

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

Federal Reserve Attornies admit to Ron Paul, "We have no gold!"

Ron Paul, Committee Chairman, Congressman, Texas, 2011. 5 minute congressional testimony. It is gone ~ Valued in gold reserves, the Fed is worthless. Zero.

  • 1:30 Ron Paul, Chairman: "Has the Federal Reserve participated in any gold swap arrangements?"
  • 1:40 Fed Attorney: "The Federal Reserve does not own any gold at all. We have not owns any since 1934. Ah.." No gold. No gold swaps.
  • 1:30 Ron Paul: "But it [gold] appears on your balance sheet."
  • 1:40 Fed Attorney: "What appears on our balance sheet are 'Gold Certificates.' ..."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

What’s your point here?

The fed forfeited its gold to the Treasury in 1934 same as all other Americans, which he stated that the Fed received Gold Certificates. Do you remember what these were….I have never seen one ,but I have seen silver certificates and the look just like a dollar except where it says “Federal Reserve Note” it says “Silver Certificate”.

Wikipedia
Since the time of the gold recall legislation the United States Treasury has issued gold certificates to the Federal Reserve Banks. The Secretary of the Treasury is authorized to "prescribe the form and denominations of the certificates”. Originally, this was the purpose of the Series of 1934 Certificates which were issued only to the banks and never to the public. However, since the 1960's most of the paper certificates have been destroyed, and the currently prescribed form of the "certificates" issued to the Federal Reserve is an electronic book entry account between the Federal Reserve and the Treasury. The electronic book entry system also allows for the various regional Federal Reserve Banks to exchange certificate balances among themselves.

None. I made no point. Please enjoy the Ron Paul interview, 2007

$10 Gold Certificate. Click to enlarge.
$100,000 Gold Certificate. Click to enlarge.

The Federal Reserve attorneys admitted the Federal Reserve has no gold since 1934. Ron Paul points out that the Federal Reserve lists gold as an asset on their balance sheet. He allows them to respond.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The Fed is stuffed to the

The Fed is stuffed to the rafters with toxic worthless mortgage debt. I bet it already has a negative value as a corporation.

By definition all banks

Are technically balance sheet insolvent, they borrow short and lend long, depending on their leverage position as little as 3% decline in their assets could make them upside down. This is different than cash flow insolvent which the Fed will never be as long as they can print their way out of anything.

Their 'solution'...

before ANY Central Banks or Major Currencies 'blow up'..
will of course
be the Ultimate centralization of currency..
all currencies.. into a single monetary unit.
It will happen.

Let's hope it's collapsing...

This type the Laws of Economics can proclaim for themselves - "I killed the Bank."

I'd bet a Jackson you're right.

Breaking: Moon People Announce Existence, Offer $5 Trillion Credit Line to Struggling U.S. Banks

9-11 was a panda job.