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Dollar is The Weak Spot for US – Dr. Paul Craig Roberts

Sunday, October 19, 2014 21:24

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(Before It's News)

TND Videocast Spotlight: Greg Hunter’s USAWatchdog.com

Former Treasury Secretary Dr. Paul Craig Roberts says all U.S. financial policy revolves around propping up the dollar. Dr. Roberts contends, “I’ve always said the whole system is rigged. It’s a house of cards, and the weak spot is the dollar because they cannot print foreign currencies for which to buy dollars. So, if there is a worldwide run on the dollar, they lose control then. In the meantime, they have all these things they can do to counteract the direction of the markets, and I expect them to continue doing that.”

So, if propping up the dollar is the top priority, then suppressing the gold price is a close second. Could the COMEX or LBMA simply run out of metal sold below mining cost? Dr. Roberts says, “Well, a lot of people think that, particularly people who think there is no gold left in Fort Knox or in the New York Fed. They think all that has been lent out and used up. If they’re right, then the policy they have in naked shorts in gold to drive down the price just increases the demand in Asia for more bullion. If that is true and they don’t have a way to make those deliveries, then they are producing the crisis for themselves by holding down the gold price. Whereas, if they let the price rise, it might temper the demand for gold in Asia and remove that problem.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview:

Dr. Roberts is a prolific writer, and you can get his analysis and articles for free on his websitePaulCraigRoberts.org. Dr. Roberts has zero advertising, and if you would like to help him keep the site running, you can donate by clicking here.

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About Greg Hunter:

Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate. Reprinted with permission.