Paul Craig Roberts: Anti-White Racism in America is Real; Fed Will Have Problem When Gold Hits $3,000
Former Assistant Treasury Secretary in the Reagan Administration and award winning journalist Dr. Paul Craig Roberts says it will someday come down to one extremely difficult choice for the Fed. Dr. Roberts contends, "The way you can measure the pressure on the dollar is rising gold and silver prices. So, if gold and silver continue to go up and you see the dollar under pressure, at some point, the Fed is going to have to make a decision. Do they continue to support the stock and bond market to keep financial asset prices up or do they have to let that go and allow interest rates to rise to draw people back into the dollar? That will be a new kind of crisis. I can't predict when it will happen, but at some point, if the dollar becomes in danger as the world reserve currency, which goes to the heart of United States power. That tends to prevail over other considerations."
Dr. Roberts says, "When gold hits $2,500 to $3,000 (per ounce), the Fed will know it has a problem."
Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on issues of economic policy. He has penned a dozen books, most recently The Failure of Laissez Faire Capitalism
