Hudson City Bancorp, Inc. Message Board
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Bottom reached!
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Fed smashing metals to guard dollar against hyperinflation, Roberts tells KWN !!!
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5p ET Friday, April 12, 2013
Former Assistant Treasury Secretary Paul Craig Roberts tells King World News today that the smashing of gold and silver prices is a Federal Reserve campaign to defend the U.S. dollar against a hyperinflationary scenario.
"The exchange value of the dollar is threatened," Roberts says, "and if that collapses the Fed loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail. So it's an act of desperation because they've got to establish in people's minds that the dollar is the only safe place, it is the only safe haven, not gold, not silver, and not other currencies."
Fed smashing metals to guard dollar against hyperinflation, Roberts tells KWN !!!
.
5p ET Friday, April 12, 2013
Former Assistant Treasury Secretary Paul Craig Roberts tells King World News today that the smashing of gold and silver prices is a Federal Reserve campaign to defend the U.S. dollar against a hyperinflationary scenario.
"The exchange value of the dollar is threatened," Roberts says, "and if that collapses the Fed loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail. So it's an act of desperation because they've got to establish in people's minds that the dollar is the only safe place, it is the only safe haven, not gold, not silver, and not other currencies." -
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This will go down as one of the biggest cons in modern history.
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based on technical analysis ABX will go to 30 as fast as it came down,
by lvluni6 •Apr 14, 2013 12:19 AMBest advice , take it.
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That is far more than your dead brain.
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In the short term GS is winning.
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Concerted effort by preswent economic pundits have manipulated this gold market, cannot do so indefinetely.