By 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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