Us Collapse, Fed Impact, Gold, What’s Next & More

from KingWorldNews:

Eric King: “Obviously the big news this week, Dr. Roberts, was the Fed and how they shocked the financial markets with no tapering. Your thoughts?”

Dr. Roberts: “Here’s the situation for the Fed: All of the markets, and the solvency of the big banks, are totally dependent on the Fed buying the bonds. If they don’t buy the bonds, then the interest rates are going to rise, the prices of all debt-related instruments are going to go down, the insolvency of the banks again reappears, the bond market collapses, and the stock market collapses….

“So they can’t stop QE because the whole system is rigged-dependent on that (QE). The other part of the trap they are in is that the longer they carry on QE, the closer they get to the time when the rest of the world simply loses all confidence in the dollar because of the enormous rate at which new dollars are being created, and they bail out (of dollars).

Dr. Paul Craig Roberts Audio Interview @ KingWorldNews.com