Wednesday, March 26, 2014

Take a break from the lying mainstream media and listen to Paul Craig Roberts telling you the truth about what might and might not happen in Ukraine now the Washington neocon idiots have messed up. In the second part he analyzes the options the Fed may try to stave off the day of reckoning as the economy inexorably sinks with no return.

Paul Craig Roberts: US is Completely Busted, Non-Delivery of Gold - Crash the System, War in Ukraine

Greg Hunter

Published on Mar 11, 2014 - Economist Dr. Paul Craig Roberts says, "The physical stock of gold in the West to meet delivery demand is diminishing rapidly. So, one day the Chinese will buy 100 tons of gold, and we won't be able to make delivery. That would crash the system. It would just pop. So, there are things that could crash it suddenly. Regardless . . . the economy is going to gradually sink because there are no jobs, or no good jobs. . . So, there is not a recovery. The U.S. is a busted state. It's completely busted."

On the Federal Reserve money printing to prop up the economy, Dr. Roberts, who has a PhD in economics, contends, "I think they realize all the money printing does undermine the dollar, and if they lose the dollar, the game is over. So, they have to protect the dollar."

Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Dr. Paul Craig Roberts, author of the new book "How America was Lost."

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