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US Gold is Gone - Paul Craig Roberts


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.”


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Debbie's picture

Thanks for the interview! That was most interesting!

I always like Greg Hunter's interviews, and am going to find the article by Dr. Roberts that he co-authored that they were discussing.


My feedback to Dr. Roberts on his interview with Greg Hunter

Here's feedback I sent to Dr. Roberts concerning his interview with Greg Hunter. (I'm sure the doctor won't mind.)

"Greetings, Doctor Roberts. I enjoyed your interview on Greg Hunter's USAWatchdog. I was most amused by Mr. Hunter's incredulity at your premise that the government could simply outlaw owing gold.

"As you recall, he sputtered, "Oh sure, like the government will tell people the gold they just bought last year is illegal." To which, you correctly stated, "They've done it before."

"Indeed, they have. And just in the way Hunter described. Executive Order 6102 ordered citizens to hand over their gold to the Federal Reserve by May 1, 1933, to be compensated with Federal Reserve Notes at the set price of $20.67 an ounce.

"(How the Fed got to be the dealer instead of the Treasury must be a story unto itself. Maybe because the Treasury would have had to pay for the gold with U.S. Notes, themselves backed by gold, whereas the Federal Reserve Notes were not?)

"One year later, the Gold Reserve Act of January 30, 1934 adjusted the set price to $35 an ounce, this after most Americans who would comply with Executive Order 6102 had done so.

"This is basically what Hunter was scoffing at: the government deliberately swindled Americans out of one-third of the true value, and within a one year period.

"People took it like champs, but then, most people didn't own gold. And today, most don't either. One wonders what sort of reaction there would be to a new Gold Reserve Act."

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Get ready, they will soon make it illegal to hold gold again

and the Fed will come to your home to collect all of the gold back up.

They will pay you a fraction of what its worth in the name of doing what is best for the economy and the country.


come and get it

O'er the land of the free and the home of the brave!

Yeah - Come and get it!

And good luck with that.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

O-care and Estate Recovery.....

That's a heads up!

“The poorest who are supposed to be helped are herded into Medicaid, where any property they own is subject to estate recovery.”

The government sets outrageously high unpayable medical prices.

Then, they take everything you own to compensate them for paying them.

Think I'm kidding?

It's in their own words at http://www.medicaid.gov/Medicaid-CHIP-Program-Information/By...

Quid-pro-quo. "Old woman. Give us your condo, or we let you die."


"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ

I was not aware of that, thanks!


Thank You For The Interview .

I have a close banker friend that just got a pink slip along with most of the rest of the banks employees.
When are Americans going to realize that out of control banking practices are ruining our once wealthy nation?

End The Fed !!!


Citizens should call for

an audit of Fort Knox along with the Federal Reserve.

Bugs in the machine's picture

And who in government should

And who in government should be trusted to do an honest audit?

By claiming there is no conspiracy, you prove to those who believe in the conspiracy that you are part of the conspiracy.