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Former US Treasury Official - World Faces Catastrophic Danger
Eric King: “Dr. Roberts, what is the biggest danger facing the world today?”
Dr. Roberts: “The biggest danger is the drive in Washington for world hegemony because that brings up nuclear war....
“I don’t think the Russians and Chinese are going to roll over for Washington and accept Washington’s hegemony. So that’s the biggest danger.
The biggest financial danger is the collapse of the dollar as the world’s reserve currency. ...
If the world’s reserve currency collapses, the payments mechanism everywhere is disrupted, and the reserves of central banks evaporate. The panic that would result, the domestic inflation in the United States that would result, this type of crisis dwarfs having JP Morgan, Citibank, and two or three others fail.
Because when the banks fail, they just reorganize. The deposits in the banks are very small compared to the bailout of the banks. And so the Fed would simply have to ask, ‘Can we stand the collapse of the dollar? This crisis is far bigger than failing to save the banks.’
Now since the Fed is really run more by the banks than by the public policy interests, we can’t assume the Fed would make the right decision. But that is the choice it would face. And I think it may face that choice before the year is out. So that is the big financial danger: What does the Fed do? Save the dollar, or save the banks. It can’t do both.”
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":What does the Fed do? Save the dollar, or save the banks. It can’t do both.”
They can save the banks with Bail-ins, robbing depositors, and THEN crash the dollar.
That will leave most of the population WEAK and DEPENDENT - as TPTB may want