May 06, 2016
Today former U.S. Treasury Secretary, Dr. Paul Craig Roberts, warned King World News that the world financial system is on fire and the price of gold may skyrocket.
Dr. Paul Craig Roberts: “The West no longer exists. There’s no longer any democracy in the West, certainly not in the United States. The people have chosen Trump, so what are the politicians doing? They simply won’t accept the choice. We see the same thing all over Europe. The British military announced that if the Labour Party Leader Jeremy Corbyn [size=32]were to win the election, they (the British military) would simply not let him take office… - OH, THIS IS SCARY, AND I THINK IT WAS SPAIN THAT WOULD NOT SEAT THE ELECTED OFFICIALS - AND CATALONIA IN SPAIN WANTS TO BECOME INDEPENDENT LIKE SCOTLAND AND THE UK AND SPAIN HAVE RIGGED THE VOTES TO DENY THAT - SCARY AS HELL
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Dr. Paul Craig Roberts continues: “So there is no longer any willingness to accept the decision of the people and democratic outcomes are set aside. So there is no West. It’s gone. It can’t be brought back.
A forest fire is raging all over the world. The world is burning up and yet the mainstream media touts a so-called ‘economic recovery.’
The government’s own unemployment measure, which includes short-term discouraged, is 10 percent. So the (reported) 5 percent rate is a rate that does not measure (real) unemployment. No discouraged workers are in that number. So it’s a completely rigged number but the financial press doesn’t say that. They say, ‘Look how wonderful things are, we only have 5 percent unemployment.’
The government’s own official measure says unemployment is 10 percent. And if you count the long-term discouraged workers, which the United States used to count, unemployment is 23 percent (see shocking chart below).
So we’ve got a recovery with 23 percent unemployment? Yet these lies stand.”
Eric King: “There was the suggestion from an individual at Pimco that the Fed should raise the price of gold to $5,000. That would be a way for the West to create additional inflation and help inflate its way out of debt.”
Dr. Paul Craig Roberts: “It’s entirely possible that if the Fed was not manipulating bullion prices, and if people realized the dire straits of the situation — that the Fed has created something like $4 trillion during a period in which the U.S. real GDP did not grow commensurately, such that the dollar is essentially devalued — then more people would want to own gold.
And if the price wasn’t sat on by the bullion banks, then the gold price would explode. It could go to $5,000. The price of gold could go beyond $5,000…