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Written by Greg Hunter
Category: Financial News
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.”
Join Greg Hunter as he goes One-on-One with award winning journalist Dr. Paul