Fed's gold selling is 'desperate,' former assistant treasury secretary says
Former Assistant Treasury Secretary Paul Craig Roberts tells King World News today that the Federal Reserve is taking "desperate" action against gold to support the dollar and keep interest rates down and government bond prices up. "The last couple of days there has been an amazing amount of selling on the part of the Fed," Roberts says. "It's paper shorts, not actual people selling bullion. But they are trying to bust up the momentum in gold so they can hold on to their low interest rates, high bond prices, and continue printing money." An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.