Dr. Roberts: “It’s
hard to fly out of banks ... You can’t escape the banks, you can only
escape how much money you keep in any one bank ... If you pull out (your
money), what are you doing to do with it? Where do you put it?
Are you going to put it in a safe in your house? Or you have to look for some other financial asset. Are you going to put it in the stock market when the stocks are at an all-time high and there is no economic activity, and profits are due to layoffs? Are you going to put it in the bond market when the real interest rates are negative and the bond market is the biggest bubble in human history? So they’ve kind of got people trapped.
So what can they do? They can put it in precious metals, gold and silver, if they can find a place to store it that’s safe. To prevent that the government and the Federal Reserve short the bullion market in order to drive the prices down, to scare people away from that alternative.
Are you going to put it in a safe in your house? Or you have to look for some other financial asset. Are you going to put it in the stock market when the stocks are at an all-time high and there is no economic activity, and profits are due to layoffs? Are you going to put it in the bond market when the real interest rates are negative and the bond market is the biggest bubble in human history? So they’ve kind of got people trapped.
So what can they do? They can put it in precious metals, gold and silver, if they can find a place to store it that’s safe. To prevent that the government and the Federal Reserve short the bullion market in order to drive the prices down, to scare people away from that alternative.
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