<美国政府对黄金的袭击!-by保罗罗伯特>
http://www.paulcraigroberts.org/2013/04/04/the-assault-on-gold-paul-craig-roberts/
The Assault On Gold — Paul Craig Roberts
April 4, 2013
For Americans, financial and economic Armageddon might be close at hand.
The evidence for this conclusion is the concerted effort by the Federal
Reserve and its dependent financial institutions to scare people away
from gold and silver by driving down their prices.
When gold prices hit $1,917.50 an ounce on August 23, 2011, a gain of
more than $500 an ounce in less than 8 months, capping a rise over a decade
from $272 at the end of December 2000, the Federal Reserve panicked.
With the US dollar losing value so rapidly compared to the world standard
for money, the Federal Reserve’s policy of printing $1 trillion annually
in order to support the impaired balance sheets of banks and to finance
the federal deficit was placed in danger. Who could believe the
dollar’s exchange rate in relation to other currencies when the dollar
was collapsing in value in relation to gold and silver.
The Federal Reserve realized that its massive purchase of bonds in order to
keep their prices high (and thus interest rates low) was threatened by the
dollar’s rapid loss of value in terms of gold and silver. The Federal
Reserve was concerned that large holders of US dollars, such as the central
banks of China and Japan and the OPEC sovereign investment funds, might join
the flight of individual investors away from the US dollar, thus ending in
the fall of the dollar’s foreign exchange value and thus decline in US bond
and stock prices.
Intelligent people could see that the US government could not afford the
long and numerous wars that the neoconservatives were engineering or the
loss of tax base and consumer income from offshoring millions of US middle
class jobs for the sake of executive bonuses and shareholder capital gains.
They could see what was in the cards, and began exiting the dollar for gold
and silver.Central banks are slower to act. Saudi Arabia and the oil emirates
are dependent on US protection and do not want to anger their protector.
Japan is a puppet state that is careful in its relationship with its master.
China wanted to hold on to the American consumer market for as long as that
market existed. It was individuals who began the exit from the US dollar.
When gold topped $1,900, Washington put out the story that gold was a bubble.
The presstitute media fell in line with Washington’s propaganda.
“Gold looking a bit bubbly” declared CNN Money on August 23, 2011.
The Federal Reserve used its dependent “banks too big to fail” to short
the precious metals markets. By selling naked shorts in the paper bullion
market against the rising demand for physical possession, the Federal Reserve
was able to drive the price of gold down to $1,750 and keep it more or less
capped there until recently, when a concerted effort on April 2-3, 2013,
drove gold down to $1,557 and silver, which had approached $50 per ounce in
2011, down to $27.
The Federal Reserve began its April Fool’s assault on gold by sending the
word to brokerage houses, which quickly went out to clients, that hedge funds
and other large investors were going to unload their gold positions and that
clients should get out of the precious metal market prior to these sales. As
this inside information was the government’s own strategy, individuals
cannot be prosecuted for acting on it. By this operation, the Federal
Reserve, a totally corrupt entity, was able to combine individual flight with
institutional flight. Bullion prices took a big hit, and bullishness departed
from the gold and silver markets. The flow of dollars into bullion, which
threatened to become a torrent, was stopped.
For now it seems that the Fed has succeeded in creating wariness among
Americans about the virtues of gold and silver, and thus the Federal
Reserve has extended the time that it can print money to keep the house of
cards standing. This time could be short or it could last a couple of years.
However, for the Russians and Chinese, whose central banks have more dollars
than they any longer want, and for the 1.3 billion Indians in India, the low
dollar price for gold that the Federal Reserve has engineered is an
opportunity. They see the opportunity that the Federal Reserve has given them
to purchase gold at $350-$400 an ounce less than two years ago as a gift.
The Federal Reserve’s attack on bullion is an act of desperation that, when
widely recognized, will doom its policy.
As I have explained previously, the orchestrated move against gold and silver
is to protect the exchange value of the US dollar. If bullion were not a
threat, the government would not be attacking it.
The Federal Reserve is creating $1 trillion new dollars per year, but the
world is moving away from the use of the dollar for international payments
and, thus, as reserve currency. The result is an increase in supply and a
decrease in demand. This means a falling exchange value of the dollar,
domestic inflation from rising import prices, and a rising interest rate and
collapsing bond, stock and real estate markets.
The Federal Reserve’s orchestration against bullion cannot ultimately
succeed. It is designed to gain time for the Federal Reserve to be able to
continue financing the federal budget deficit by printing money and also to
keep interest rates low and debt prices high in order to support the banks’
balance sheets.
When the Federal Reserve can no longer print due to dollar decline which
printing would make worse, US bank deposits and pensions could be grabbed in
order to finance the federal budget deficit for couple of more years.
Anything to stave off the final catastrophe.
The manipulation of the bullion market is illegal, but as government is doing
it the law will not be enforced.
By its obvious and concerted attack on gold and silver, the US government
could not give any clearer warning that trouble is approaching. The values of
the dollar and of financial assets denominated in dollars are in doubt.
Those who believe in government and those who believe in deregulation will be
proved equally wrong. The United States of America is past its zenith. As I
predicted early in the 21st century, in 20 years the US will be a third world
country. We are halfway there.