Santa Ben

...Right, but this gets back to what Felix Zulauf said on King World News, and you are saying the same thing here which is to make sure you are outside of the system, just don’t even deal with a bank.

“Correct, because the governments control the banks.  I mean lately it looks like the banks control the government, that’s probably true as well but there may come a time, and I think there probably will, where the government is going to order the banks to freeze the gold.  In other words, not make the gold available to customers.  It’s still here, it’s still yours, but sorry we’re rejigging the system and we’re not going to let you take it out right now.”

Regarding the Fed (Santa Bernanke) liquifying the world, “Why all of these non-banks?  Why is the Fed lending to GE and Harley Davidson?...It was basically an unlimited call on the taxpayers money or what’s left of it and it really is an outrage.  It should be a crime, I  mean it is a crime in my view...It’s clearly not going to be prosecuted, but the way the regulators have become captive to the banks and the non-banks, and the way people leverage off balance sheets, the way they in effect lie about their financials, the way they hide their liabilities and expect to be able to march up to the Fed and get all the money whenever they want at zero interest whenever they need it, no wonder the Chinese are going to gold.”  

There is a great deal more to part II of Jim’s must here interview. 

In case you missed it, here were a few quotes from part I of the Jim Rickards interview:

"The US has 72.8% of its reserves in gold...China has 1.6% of its reserves in gold...What does that tell you about what the United States thinks is money." 

"For over six years China has operated in the gold market through stealth. They basically have had secret agents working through SAFE (State Administration for Foreign Exchange) and other agencies." 

"This is the complete corruption of the Fed."

Jim also talked about the contempt that the Fed has for the citizens of the United States.

To hear the riveting interviews with Jim Rickards on King World News click here for PART I & PART II