Wednesday, 22 January 2014

Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold,There Won't Be Any

Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, "The West is draining itself of physical bullion. . . If there is a currency collapses and you try to flee into gold, there won't be any there. The Chinese will have it." So, is this the year gold and silver stage a big turnaround? Roberts says, "It's gone on longer than I thought it could go on. I didn't realize all the deceptive and crooked methods they would use to rig the markets. The notion that a democratic capitalist country having its markets rigged by its own authorities--it blows the mind. This is not normal. What will they do next? I don't know." Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.

The most important aspect of this interview is their analysis of the US economy - that there is no recovery, that most of the population is headed towards or below the poverty line, and that ALL the markets are rigged. Another problem is Obamacare, with its system of fines, its role in increasing medical costs and ability to transfer wealth from the poor to the rich (corporations) when your costs are reimbursed through asset or wealth confiscation. The big question is when the system will implode. Will we witness a slow train wreck or a rapid collapse?

[Posted at the SpookyWeather blog, January 22nd, 2014.]

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