
IPFS News Link • Federal Reserve
The Federal Reserve Has No Integrity
• Paul Craig Roberts and Dave KranzlerThe Fed has resorted to this practice in order to protect the value of the US dollar from Quantitative Easing.
In order for the Fed to effectively support the reserve status of the U.S. dollar by pushing it higher when it starts to drop, the Fed has also to prevent the price of gold from rising. Intervention in the gold market has been occurring for a long time. However, in the last several years the intervention has become blatant and desperate, as rising concerns about the dollar are causing countries such as China and Russia to accumulate fewer dollars and more gold.