The Fed Is Facing Collapse Says Former US Treasury Official
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Kings World News
Today a former US Treasury Official told King World News that the U.S. Federal Reserve is facing collapse, and is completely trapped at this point. Dr. Paul Craig Roberts also warned that the Fed is continuing to interfere in the gold market as they desperately attempt to implement a new global plan scheme to protect the dollar. Below is what Dr. Roberts had to say in this powerful interview.
Dr. Roberts: “How can the Fed stop printing money? If it stops printing money, the financial markets will collapse. And when the bond prices fall from the bond collapse, then the values of the debt related derivatives on the bank’s books fall, and the whole solvency problem comes back.
So everything the Fed has been doing all of these years to try to boost the solvency of the banks is wiped out if the bond market collapses.
“So they are committed to printing money. Now, what’s the long-term effect of endless printing of money? It’s a house of cards, and at some point it has to blow-up. Usually it (the blow-up) happens through the exchange rate.
I’m beginning to think that the purpose of the Trans-Pacific (trade) Partnership and the Trans-Atlantic (trade) Partnership that Washington is currently negotiating, is to pull all of the European countries and all of the Asian countries, minus China, into structured trade relationships with the United States. It requires all of those countries to support the (U.S.) dollar. They would be dollar-based trade relationships.