Eric King: “What about what’s happening with the U.S. dollar and gold? What do you see going on there?”
Dr. Roberts: “In recent days, in fact for quite an extended period, there’s been an enormous amount of short in the futures market, and they’ve taken the gold and silver prices way down. And it has sustained (at low levels)....
“So one more or less has to conclude that the Federal Reserve is worried about the dollar. Why would it be worried about the dollar right now? Well, we know that one effect of the sanctions on Russia has been to move Russia out of the dollar payment system. And they (the Russians) have made these new deals with China and so forth, to transact energy without using the dollar.
But this hasn’t been in place long enough, or happened to an extent that is sufficient, in my view, to have put the dollar under immediate pressure. So I don’t know what the cause of pressure on gold is right now that has led to this extraordinary shorting on the Comex. I also don’t understand how something this visible and this illegal can be permitted to continue.
But my understanding is that at the Comex all the directors are all the bullion banks. And the players on Comex are the hedge funds. So since the bullion banks are directors of the Comex, they see precisely the positions of the hedge funds. And when the hedge funds are most vulnerable to being looted by (naked) shorting in the (paper) futures market, (the banks manipulate the price and loot the hedge funds of a portion of their capital allocated to those markets). This has got to be an extreme form of insider trading...."
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/14_Paul_Craig_Roberts_Accuses_US_Banks_Of_Gold_%26_Silver_Smash.html
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