By Greg Hunter’s USAWatchdog.com
Financial analyst Rob Kirby is an expert on forensic macroeconomics. His research shows central bankers are starting to not trust each other. Kirby cites Austria’s recent demand to audit its gold held in London. Kirby explains, “. . . Austria seems to have a reason to want to go and see it and inspect it and know that it is real and see it hasn’t been sold and nothing untoward has been done to it.” Austria joins a list of countries, such as Germany, concerned about its gold holdings. Kirby contends, “We are seeing cracks in the trust that, five years ago, there was no questioning the ownership or custody of sovereign metals stored at the Bank of England or the U.S. Federal Reserve; and, now, we’re seeing countries are questioning and want reassurances. There’s been a breakdown in trust (between central banks). . . . This is now a distinct pattern, and I expect it will accelerate as time goes on.”
What happens if Austria is not granted access to its gold by the Bank of England? Kirby speculates, “I would say there could be some piling on. There could be some other countries that could be concerned about the state of their reserves. Kirby goes on to point out, “Countries around the world with foreign reserve accounts where they hold vast amounts of U.S. dollars, all it’s going to take is for one of them to get really spooked . . . and bolting for the door is for countries with these massive foreign reserves is to start madly buying gold. At some point, countries, if they feel their gold has been compromised, they might want to replace it in a hurry. . . . All the countries holding vast amounts of U.S dollars in their reserve accounts . . . think many of them think those dollars, in the end, are not going to be worth anything. That raises the inclination for one of them to spend them or use them before they lose them or they become worthless. I think there is a growing propensity for someone somewhere to do this.”
What about America’s gold? Is it still in Fort Knox? Kirby says, “I don’t believe America possesses any substantial amount of gold. America claims to have sovereign holdings of just over 8,000 metric tons. I believe that number is grossly inflated, and it might be close to zero.” What would happen to the dollar if it was indeed fact that America had very little gold left in its vaults? Kirby contends, “There would be calamity in the financial markets around the world. . . . If the 8,000 tons of gold has grown feet and is not where it is supposed to be, it would certainly qualify as a national secret. This would also explain why the United States has been so dead set against a proper audit of its gold reserves.”
Kirby has 15 years’ experience as an international derivatives broker. There are hundreds of trillions in derivatives spread around at the major global banks. There is no public market, no standards, and no guarantees. If someone miscalculates by a small amount, Kirby says the whole system could crash. Kirby explains, “You’ve got one bank in Germany that’s got a derivatives book that is 20 times the size of Germany’s GDP . . . . Germans have seen their currency go to zero. Germans know this can happen because it’s happened to them. Americans don’t think this can happen to them. Americans think they can print money until the cows come home and that they can control anything by printing more money. You can’t solve a problem of indebtedness by continuing to print money. This is fraud on the highest, highest order. This is not going to end well. What they are doing is bluffing with the future of humanity. They are bluffing with the future of mankind.”
Kirby goes on to predict, “Ultimately, we are going to get to a place where we will have no more choices. It will blow up. We are seeing cracks in the foundation of this fraud. . . . Gold and silver is your life insurance policy, and it isn’t going to come into its own until this current system breaks. I think we’re close to the current system breaking. . . . The way America is printing dollars, the dollar will absolutely go to zero.”
Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.
(There is much more in the video interview.)
After the Interview:
Rob Kirby lives across the border in Toronto, Canada. Kirby says he no longer travels to the U.S. because he does not trust the U.S. government. He points out that he likes America, but not our leaders. Kirby also told me his website is visited regularly by U.S. government agencies such as the CIA, NSA, State Department and the INS. He told me he has the data to prove it. To visit KirbyAnalytics.com, click here.