Paul Craig Roberts - Will China Prevail? US Corruption & World Interference Failing
King World News/Paul Craig Roberts
Today a former US Treasury Official warned King World News that US corruption and global interference is failing. He also discussed the desperate situation the US now faces and what this means for the gold market. Below is what Dr. Paul Craig Roberts had to say in part II of this powerful interview series. Click HERE to listen.
Dr. Roberts: “If the dollar loses its role as the world currency, and if the exchange rate falls, I think that hampers the ability of the Federal Reserve and the bullion banks to sell naked shorts, or to control the gold price by dumping all of these naked shorts in the gold futures market....
“I think the pricing of gold would then just move to the physical market. We see the demand for (physical) gold continues to rise. The reason we haven’t seen the rising price, despite the rising demand, is the price is fixed in the paper gold market.
So if the dollar takes hits (in value), that limits the ability of the Federal Reserve to fix the price of gold in the paper gold market. It (the Fed) just won’t have the clout that it (currently) has. I think the demise of the neo-conservative agenda of American world hegemony will come through the weakening of the dollar because it’s the dollar that is really behind American power.”