Dr. Paul Craig Roberts & Chris Waltzek on GoldSeek Radio – August 30, 2016

by Chris Waltzek
GoldSeek Radio

The John M. Olin Fellow at the Institute for Political Economy, Senior Research Fellow at the Hoover Institution, Stanford University, and Research Fellow at the Independent Institute, Paul Craig Roberts rejoins the show.

The bullion banks have “An infinite stockpile of naked gold shorts, driving down the price.” The shorting machination began in 2011, culminating in the 2016 gold rally, at which point the shorting slowed, but did not stop. In addition, an underground international bank transaction clearing system is jeopardizing US dollar hegemony; “if the system gets up and running, big banks will no longer require dollar reserves.” The end game is obvious; inevitably market forces must establish equilibrium, sending the PMs skyward. Eventually, higher rates will cause an economic depression of epic scale / breadth.

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