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Cours Or & Argent

Dr. Paul Craig Roberts on Syria, World War III, Dollar Collapse and $30,000 Gold

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Publié le 04 septembre 2013
509 mots - Temps de lecture : 1 - 2 minutes
( 13 votes, 4,6/5 ) , 7 commentaires
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24hGold -  Dr. Paul Craig Robe...

When it comes to war in Syria, economist Dr. Paul Craig Roberts says, “This time the big lie didn’t work like it did in Iraq.”

Let’s cut to the chase… the reason for looking for a fabricated excuse to attack Assad is to continue the radicalization of Muslims in hopes that it spreads to Russia and China. It is a way that Washington can de-stabilize Russia and China and get them out of their way in pursuit of global hegemony.

Now that the rest of the world (except the French government) sees Washington fabricating lies as a justification for war, no one will participate. If they had any evidence, they would have given it to the British Prime Minister so that he could have carried the vote in Parliament. They only have unconfirmed intelligence.

Even if Assad did use chemical weapons, he did not use them against his own people. He used them against terrorists attacking his country that are not Syrian. They are outsiders, many of which are members of Al Qaeda.

After Syria will be Iran, where Russia and China will draw a firmer line in the sand. An attack on Syria is a stepping stone towards world war with Russia and China, which are both well armed. This is where we are heading and it is madness, with nothing to be gained.

The polls in the United States range from 60% to 90% of people against war with Syria. If Congress authorizes an attack, they are clearly not representing the will of the people. In Western democracy, not a single government has the confidence of the people. Assad has a higher approval rating in Syria than Obama in the United States or Cameron in the U.K.

On fallout of a possible Syrian war, Dr. Roberts worries, “If they start abandoning the dollar, the collapse of the exchange rate will bring down the whole house of cards in the United States. The Fed will lose control. The banks will fail. Prices will rise dramatically. People will essentially not be able to pay their bills. It will be an unbelievable mess.”

What would happen to gold with a Syrian war? Dr. Roberts says, “If you get a real collapse in the dollar, gold could be $30,000 an ounce. Who knows?”

The gold and silver market is rigged, just like the bond and stock markets. As long as they can naked short gold and silver on the COMEX market, they can dump huge amounts of paper contracts to drive the price down and keep it capped. They CAN’T keep in capped if the dollar goes in terms of other countries losing confidence and dumping dollars.

There is a huge supply of dollars in the world, as they have been pumped out ever since Bretton Woods. The world is drowning in dollars. There is such a huge supply that if the world loses confidence and want out, there is nothing to buy them up with. Got gold?

The full interview with Dr. Paul Craig Roberts is a critical viewing material:


Données et statistiques pour les pays mentionnés : Iran | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Iran | Tous
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ever here of waco?
Evaluer :   1  1Note :   0
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"Even if Assad did use chemical weapons, he did not use them against his own people. He used them against terrorists attacking his country that are not Syrian. They are outsiders, many of which are members of Al Qaeda. "

Oh, it is okay if it was not his own people? And that statement is based upon what good intel?
Sitting on his ass in the US, cut off from real intel sources, PCR Phd in Economics has spoken. Bow before the priesthood and loudly proclaim, "As he has spoken, so must it be."

The real questions are: What was the chemical as sarin is highly doubtful? Was it government produced or home-brewed? Who delivered it, House of Saud maybe? What was the level of McCain's involvement? Who paid for McCain's visit with the rebels?

The ones to worry about when it comes to the USD is China, Russia and Japan. If they dump USTs, game over for the US. You can bet that they already know that they won't be able to convert many more USTs to tangibles. Ergo, they can rightfully proclaim, "Bring it on, dumb-ass."

And then without a shot fired, US hegemony and the USD becomes irrelevant and worthless overseas..
How will be bring our troops from a gazillion foreign sites back to the US? Perhaps we need to give them training in local hitch-hiking protocols? Maybe they could hold a yard-sale to get the needed non-US funds to buy commercial transport? I would argue that we should make sure they have the equivalent of British Sovereigns to buy their way home, but our vaults might be empty.
Evaluer :   1  0Note :   1
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You make some great points. However, i am not so sure about the dumping of Treasuries being an effective strategy. To be sure, doing so would wreck the balance sheets of China, Russia and Japan and while all 3 are looking to trim the size of their holdings, they all want to do so in as orderly a manner as possible. After all, the goal is to destroy America without returning your own country to the middle ages. So, better to keep using the T-bills to buy up all the good stuff in Africa while they still have value. Additionally, were there to be a massive repatriation of T-bills, America already has a plan in place for that eventuality. They would just need to adjust their time line somewhat. All they would need do is nationalize all pension plans and 401Ks. That would take a day or two to accomplish. America would continue to function more or less unchanged while the Chinese and Japanese in particular would be crushed.

In some weird, sick way, i believe America would actually like to see that happen. True, they would be shut out from foreign credit markets for a few years, but like a private citizen going through bankruptcy on unsecured loans, they would be free of a loan that could never have been repaid in a century of Sundays.
Evaluer :   3  3Note :   0
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I don't think your rearing will scare them. What China and Russia loose is T-bonds they will make up in gold. Morgan FED has been subsidizing price of gold for a while now, transfering physical eastwards, and all the Chinese goods and Russian raw materials are payed for in full. Only gold price adjustment is required. So US bank-government can keep on playing find the lady all they want with vaults empty. One card, not what Russia nad China have, is enough to take the house of cards down. Confidence is long gone and US is about to taste, among other things, the medicine they gave Brits 60 years ago.
Evaluer :   1  0Note :   1
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Your argument is rather unpersuasive. It matters not a whit that Russian and Chinese goods and raw materials have already been paid for. Let us just look at China. As of the last reporting period, China holds $1.316T in T-bills. Their citizens hold even more. Their own national debt stands at roughly $2.1T. China's official gold holdings are 1,054 tons. If we assume they screw their own citizens and are just interested in taking care of their own debt, an ounce of gold would have to go for a touch under $70,000. Not even the most shameless gold promoters see a total of more than $30,000. And of course, that would leave the Chinese without a speck of gold. And of course, you have failed to state just who revalues gold. Aside from the market, there is no official body to do that. Additionally, China holds oodles of other US debt such as US agency debt almost equalling their T-bill holdings. If we look at what gold would have to be valued at to offset the loss to their Yank portfolio, gold would top out at over 100 Gs to the ounce. Now i'd be very happy with that, but it ain't gonna happen. No way, no how.....China will continue to protect the value of the US paper they hold. Indeed, despite reports that they are dumping their T-bills, the opposite is true. Official holdings have gone up. Private citizens have been selling. And you can bet the farm that they will not set themselves back 25 years or more because of Syria. They would sooner nuke Syria themselves than do that, especially since they know that America has an easy to implement work-around should there be a concerted move to dump Treasuries.

The world was extraordinarily stupid to allow the Yanks to have the sole reserve currency. The Yanks merrily went about abusing the privilege. And now the world is awash in their debt instruments and can do nothing about it without crashing and burning themselves, for the paper is really backed by nothing more than a promise to repay. It is the oldest trick of government, played out countless times through the centuries, yet creditors never learn. They hold paper backed by nothing and the guys who issued the paper have all the really big guns, tanks and bombs. They bought most of them with the money we lent them. It would be hilarious if it weren't so sad.
Evaluer :   4  1Note :   3
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"Even if Assad did use chemical weapons, he did not use them against his own people. He used them against terrorists attacking his country that are not Syrian."

Unless one wishes to claim that 5, 6 and 7 year old children are terrorists from outside the country, that is a contemptible assertion.


Evaluer :   2  5Note :   -3
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"Even if Assad did use chemical weapons, he did not use them against his own people." I would also add that it is quite beside the point whether they are his own people or not.

Serious chemical weapons (not milder deterrents like mace etc. but ones meant to kill or maim) are expressly forbidden by the Geneva Convention in WAR - i.e against those who are considered a mortal threat that is politically, religiously and militarily opposed to your very existence.

Not the circumstance nor the political status of the victims matter one iota in this! Its OK to use chemical weapons as long as its not on your own people? No, no and no. I will not entertain for a second any notion that it is "less wrong" to use chemical weapons as long as we're sure we really hate the people getting gassed.
Evaluer :   4  1Note :   3
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I don't think your rearing will scare them. What China and Russia loose is T-bonds they will make up in gold. Morgan FED has been subsidizing price of gold for a while now, transfering physical eastwards, and all the Chinese goods and Russian raw materia  Lire la suite
end - 05/09/2013 à 22:04 GMT
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