One 77-year-old’s search for the truth: 9/11, election fraud, illegal wars, Wall Street criminality, a stolen nuke, the neocon wars, control of the U.S. government by global corporations, the unjustified assault on Social Security, media complicity, and the "Great Recession" about to become the second Great Depression. "The most important truths are hidden from us by the powerful few who strive to steal the American dream by keeping We the People in the dark."
Friday, June 22, 2012
FORMER ASSISTANT SECRETARY OF THE TREASURY PAUL CRAIG ROBERTS: U.S. NOW DEPENDS ON IMPORTED PRODUCTS. THEREFORE, WHEN THE DOLLAR IS DEVALUED (WHICH IT MUST BE "SOONER THAN LATER") AMERICANS WILL NO LONGER BE ABLE TO BUY THEM ...AND THE PROBLEMS IN EUROPE ARE "NOWHERE NEAR AS BIG AS THE ONES HERE."
There has been plenty of calamitous news surrounding the European
debt crisis. Greece is insolvent. Spain just got a big bank bailout,
and Ireland wants a new bailout deal. No matter how bad it looks in the
EU, Paul Craig Roberts says the problems in Europe are “nowhere near as big as the ones here.”
The U.S. is printing massive amounts of money to paper over the mess,
but it won’t work. Roberts says a collapse of the U.S. dollar could
happen at any moment. It could be
triggered by any number of things such as war or a derivatives
meltdown. When a former Assistant Treasury Secretary (under the Reagan
Administration) and a PhD in economics sounds the alarm bell, people
should take cover. Dr. Roberts says, “The cliff dive we are experiencing in housing isn’t over,” and precious metals prices are “being suppressed.” Roberts says, “Gold prices should be rising. Why? Because the debt is rising.” What is the reason why Dr. Roberts thinks the suppression game has gotten so intense? Dr. Roberts says, “The fact that they are driving the price down suggests to me the situation is getting more desperate.” Greg Hunter interviews Paul Craig Roberts one on one about these subjects and more.