April 25, 2013 By Joseph P. Farrell

Former advisor to President Ronald Reagan, Paul Craig Roberts has weighed in on the big sell-off in paper-gold and paper-silver last Monday that occurred suspiciously prior to the Boston Marathon Bombing, and this one is worth p0ndering folks:

Update to the Update: The Attack on Gold — Paul Craig Roberts

Now, I have to doff my hat to Roberts for calling it like it really is:

"Now, to protect its bank rescue policy, the Fed is attempting to drive down the price of bullion, thus depriving Americans of any way of protecting their life savings from the inflation that the Fed’s money printing will ultimately cause.

"Save a handful of corrupt banks, screw the American public–that is the Fed’s policy.
Like almost every other American institution, the Fed represents the mega-rich.

"Anyone with open eyes can see that it is impossible for the US dollar to maintain its current exchange value and role as world money when its supply is being increased by $1,000 billion per year while the world is ceasing to use the dollar for international payments.


"What is it that we really know? What have we learned since the Clinton regime?

"We have learned that integrity is rare in the US government, in the justice system, and in the financial sector. Whatever integrity one can find in these arenas wouldn’t amount to one ounce of gold.

"Americans live in a rigged system in which propaganda determines the public’s awareness and consciousness. Americans, or most of them, live in the Matrix.

"Since the end of WWII, most foreign governments have been in the habit of going along with Washington. Only in the aftermath of Washington’s phony wars based on lies and phony economy based on rigged statistics is the rest of the world beginning to realize that Washington is a destabilizing force.

"Chavez, the recently deceased leader of Venezuela made the point most powerfully when he spoke at the UN. Standing at the podium in the General Assembly, he said that “Satan himself stood here yesterday speaking as if he owned the world. You can still smell the sulfur.” He was speaking of George W. Bush, and the entire assembly knew it.

"The Russian leader, Putin, speaking of Washington, has declared that we know what comrade wolf is up to.

"The Chinese can see the new military bases that stupid Washington is building in the Chinese area of influence.


"The Federal Reserve and the US Treasury using their dependent bullion banks, every one of which would be busted if interest rates were not rigged by the Federal Reserve, have used leverage in the paper market to drive down the prices of gold and silver; yet, purchases of physical bullion are outrunning supplies.

"What we are witnessing is the failure of a policy of financial corruption."

Note that: while there was shorting in paper gold and silver, there was an actual increase in buying physical gold (that's all the stuff that the big banks have most likely been re-hypothecating, taking a cue from the mortgage fraud and robo-signing that was going on).  Such activities are of course fraudulent and illegal... except of course if you're a big bank, and one of its senior managers or executives, then it's bonus material.

But this corruption, I still maintain, began in the immediate postwar period, with the decision of President Truman to keep all that Operation Golden Lily gold off the books as a bottomless pit of secret money - a political covert ops slush fund. Once one creates such a system, those administering it  - banks, intelligence agency "assets" and "case officers" - inevitably will succumb to the temptations to manipulate that system for profit and expansion of power.

We are witnessing - with respect to Mr. Roberts - not simply the failure of the policy of financial corruption - what we're witnessing is the failure of the policy of secret financing and the fraud and dirty deals with the devil that went with it.

This is what makes his citation of President Putin's remark that "we know what comrade wolf is up to" all the more interesting, for "Wolf", of course, was the nickname and code name of Adolf Hitler; perhaps Mr. Putin was signaling, in his own inimitable way, the fact that they know all about those dirty financial deals for access to postwar Axis plunder.

See you on the flip side.