Greg Hunter – Macroeconomic analyst Rob Kirby says don’t trust the stock market’s rise to new all-time highs. The global economy is in terminal trouble, and Kirby explains, “My view of the financial system as it sits today is we are in an intensive care unit, and we have a lot of tubes and wires connected to us right now. The question you are asking me is how long is a person in critical condition in an intensive care unit going to live? I don’t really know the answer to it other than we could get a code blue any day. We could get a code blue tomorrow . . . code blue is when somebody has passed.”
Kirby also says, “This is the real world that we live in, and most of our neighbors and friends are having a tough time making ends meet. There is a huge, huge contradiction from what we hear from officialdom and what we are all experiencing on the street.
As to the record highs in the financial markets, everybody should know about the ‘Plunge Protection Team’ or ‘The Presidents Working Group on Financial Markets’ and know that the hand of government is tweaking or propping up markets around the world.
http://youtu.be/1vPOUnah3fw
The onslaught of freshly produced new money can do wonders for paper assets. What all this fresh new paper doesn’t do is create new physical precious metal because new precious metal doesn’t come from a Gutenberg Press. It cannot be printed into existence with key strokes. . . . That creates a problem for officialdom because the demand for physical precious metal has been spiraling up. . . .
The central banking committee, spearheaded by the U.S. Treasury and the Exchange Stabilization Fund, has been throwing unprecedented amounts of paper promises of metal at the markets to stem the rise which should have been much bigger in free markets than the recent rise we have seen in both gold and silver. . . . This does not diminish the outcome that will ultimately happen. The outcome that will ultimately happen is the price of gold and silver will trade at many multiples than they currently are because the paper market will be so discredited that it will turn into a cash and carry type of market.
This is coming. . . . The LBMA and the COMEX in New York will show themselves they are complete and utter frauds that they are because the amount of paper they continue to sell will ultimately discredit them.”
Kirby says the metal central banks are most fearful of is silver. Kirby says, “Silver is Kryptonite to central bankers. . . . Why? Because they don’t have any. They don’t have physical stores of silver to feed into the market to beat the price down. So, recently, to stem the rise of silver, they have really been attacking the price of gold. The whole notion there is if they beat the price of gold down, silver will decline in sympathy with the attack on gold.”
On the ongoing dispute with China losing part of its claim to the South China Sea at The Hague, Kirby says, “It’s really just another case of rising geo-political tensions. In recent weeks, Vladimir Putin has been making some very strong statements regarding the actions of the West and NATO, very provocative actions. Putin actually issued a very terse warning to the West last week saying we were headed for a nuclear conflict if the West’s aggressive posture continues.”
So, does the West want war? Kirby contends, “Typically, when money fails, the elites take us to war. That is a constant in history.”
Join Greg Hunter as he goes One-on-One with Rob Kirby, founder of KirbyAnalytics.com.
(There is much more in the video interview.)
SF Source USA Watchdog July 2016
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