China Gold Could Cause Tsunami of Dollars in US-Rob Kirby

4thBy Greg Hunter’s USAWatchdog.com

Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton.  Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West.  Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit.  I think that time is fast approaching, if it is not here already.”  Kirby also says, “I think the implied message is we are going to show you how much we have, and then you are going to have to show us how much you have. . . . America, very likely doesn’t have, in my view, doesn’t have the gold they claim to have.  They also probably spent a lot of other people’s gold in safe keeping.”

What would happen to the U.S. dollar if China revealed a vast holding of physical gold?  Kirby contends, “If this would destabilize the dollar enough . . . it could cause a sudden drop in the U.S. dollar, which could signal a tsunami of dollars coming back to America and could set off a very, very ugly, ugly bout of inflation, which could build into a hyperinflation in America.  This would bring social unrest in America.  This is the social unrest the U.S. military and the Pentagon have been saying is inevitable and is coming to America.  This is exactly the kind of backdrop you would expect to have before this would occur.”

Kirby points out, “The problem is our global capital markets have become criminal cesspools.  Our global capital markets right now are crime scenes.  The regulatory regime installed by the leadership of America to prevent this all from happening has been vacant.  They are derelict, and they are part of the problem.  It starts with the repeal of the Glass Steagall Act back in the late 1990’s.  You got to look back to see the context of where this train left the tracks.  This is not a derailment.  The derailment occurred a long time ago.  Right now, the engine of the train is in the middle of a corn field, and it’s still moving.”

On Secretary of State John Kerry’s recent meeting with Russian President Vladimir Putin, Kirby says, “I think increasingly the West is trying to finesse a very bad card hand.  When you know you are playing a weakened hand . . . your bets are going to become less aggressive, and you are going to adopt more of a defensive posture and possibly a pleading, and it might get to a begging posture at some point in time. . . . I feel they may want to find some sort of diplomatic track other than what the neocons have been prescribing all along.  I think this bellicose belligerent track leads us down the road to nothing but war.  I think maybe it’s beginning to hit home . . . how real and palpable the possibilities of war are becoming.  If we get war, it will be total war.  This is the track the neocons have put America on and the rest of the world.  Maybe they are having a come-to-Jesus moment.”

On the timing of the next financial calamity, Kirby says, “It wouldn’t have shocked me if it happened last fall.  The only thing I can say empirically is we have been kicking the can down the road for a long time, and when you kick cans down roads . . . none of them go forever, and it comes to a point you run out of road to kick the can, that is assuming that nobody comes in and takes the can away.”

Kirby warns, “People who have their net worth solely in financial assets, paper instruments, are going to witness, at some point, an extreme reduction in their standard of living.  That is a fait accompli.  It is going to happen.  I don’t know what day that is going to happen, but that is a guaranteed outcome from where we are today from the trajectory we are on right now.”

Join Greg Hunter as he goes One-on-One with Rob Kirby who gives what he calls “proprietary macroeconomic research” on KirbyAnalytics.com. 

(There is much more in the video interview.)

After the Interview:

Kirby says anyone who is not aware and prepared for what is coming is going to feel like they have been “hit by a train.”  Kirby has a newsletter by subscription for a fee of $145 per year.  If you are interested in subscribing please click here.  

 

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Comments
    • Matilda Walzting

      IS THE END NEAR?

      “The End”—What Does it Mean?

      When you hear the words “The end is near!” what comes to mind? Do you think of a wild-eyed preacher thundering from the pulpit and gesturing dramatically, Bible in hand? Or do you picture a bearded old man standing on a street corner, wearing a long robe tied at the waist with a rope, holding a sign bearing a doomsday message? Imagining such scenes may make some people feel concerned, while others may feel skeptical or even amused.

      The Bible does state: “The end will come.” (Matthew 24:14) The same event is also called “the great day of God” and “Armageddon.” (Revelation 16:14, 16) True, there is much religious confusion on the subject and strange, gloomy notions abound. Nonetheless, the Bible itself is quite clear about the end—revealing what it is and what it is not. God’s Word also helps us to see clearly whether the end is near. Best of all, it teaches us how to survive!

      • paul

        Probably the US is looking for a “deal” from Russia “to hold on to their Treasuries” … and likewise get a “deal” from China to hold on to their Treasuries (by offering them a significant place in the SDR weighting) … if not the “End is Near” as the likelihood of “a dollar tsunami” is not only possible … but can be exasperated by an increased possibility of war … which will then require the Fed to print up many many trillions more dollars “out of thin air” to pay for war!

      • JC Davis

        Matilda. The Lord told me the day and hour he will return. Now I will tell everyone.
        At the time you think not. The signs of the end are, and have been forever present.

        • George T. (formerley George}

          No man know the time of the coming, not even the “Son.”
          If Jesus doesn’t know, no one down here does

          • JC Davis

            George. That is what I am saying.

      • brian

        When I hear the words, “the end is near!” it harkens to mind a bunch of degenerate, soulless, immoral scoundrels and liars ingratiating themselves to all my wealth while delving into every form of debauched “pleasure” they can dream up as they pliantly occupy a seat of power corrupted to the point that it is owned by a macabre carousel of deviant freaks who have seized control of our government for the sole purpose of pillaging the society it sits atop of. I see a society crumbling under the ever growing weight of its own apathetic detritus, drooling on itself as it is bent over and abused like some male escort in a K street bungalow. I see a puddle eyed, slack jawed people who do not even have the dignity to at the very least acknowledge the raw crimes being committed against them by a sorry lot of helpless morons. I see a system of pure vandalism being allowed to operate at full tilt, burning everyone’s hard earned dollars so that some might turn a profit of a few pennies. I see a future being totally destroyed and the entire race of mankind being sold into the yawning arms of chaos for the contrived and warped benefit of a few of the poorest excuses of human beings I have ever thought possible to exist. I see people being deluded into thinking they are powerless against the crippled, without recourse when wronged by the lame and swindled time and time again by the same tired tricks of simpleminded opportunists. I see where the very worst traits and tendencies and flaws in mankind are cultivated, nurtured and harvested like some great crop of filth year over year whereby the noxious odors that the chaff of such a harvest generates chokes my soul to the point I can no longer breath but only gasp.

        When I hear the words, “The end is near” I imagine them being passed through the cracked and nearly inanimate lips of a broken man who just cannot take it anymore and is pleading to God for some kind of relief before he succumbs to the relentless tide of bullshit that is swallowing him whole.