The original interview was with U.S. Representative Kirk from Illinois, yesterday, June 9, and is on you tube. He says the Chinese have funded and are planning to buy $80 billion worth of gold.
What's really interesting, is someone saw the same interview today on Fox, and they edited out the last part about buying gold!
Part of the original interview transcript is as follows:
"China has lent about $300 billion to the US for Fannie Mae and Freddie Mac. They're very worried about that; another $700 billion in treasury bills. And. they're particularly worried about the feds new policy of buying treasury debt. Cause they're worried that one part of the federal government is buying another part of the federal government. Sounds like printing money... They already are beginning to hedge. I think they expect quite a bit of inflation in the United States next year, so they made a major investment.
****They funded a second strategic petroleum reserve and they plan to buy $80 billion worth of gold. That's two Fort Knox's. Both of those investments only make sense if you expect significant dollar inflation.****"
Here is the original video with the remark about gold: you need to goto 3:24 to hear the gold comments (last 5 seconds of the video)
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