But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what’s going on....
They know that the (US) government is shorting foreign exchange gold and they are long the dollar. So they (the Chinese) simply scoop up what (gold) they can at the resulting discounted price. What is astounding is that the price of world gold and silver is actually established in that manner because it has nothing to do with the physical market at all.
Essentially what they (the Chinese) are trying to do is divest themselves of their dollars, euros, yen and any other fiat currency as fast as they can. They are not stupid, they are going to sit back and allow the governments to defend these (paper) currencies."
- Whistleblower Andrew Maguire, via a recent King World News interview, read the full interview here: