Paul Craig Roberts - Flight from Dollar Will Cause Economy to Blow
US Russia Nuclear War, Gold and Dollar, Failing Economy and
Debt-Economist Dr. Paul Craig Roberts thinks the economy is running on
borrowed time. Dr. Roberts says, “Whatever blows, it has to be
something the government can’t rig. The only way it could stop means
the government can no longer rig it. It is such a huge pile of cards
that if they can’t keep it rigged, a lot is coming down in a hurry.”
So, what’s going to be the trigger? Roberts thinks it will be when the
world abandons the U.S. dollar. How long can the economy be propped up?
Dr. Roberts says “It will continue as long as it is tolerated. When
will it cease to be tolerated? I think it will be when there is a
general flight from the dollar. . . Once the general mood changes, and
not just by gold investors, and people cease to hold dollars, then this
won’t work. It will fail, and at that time, it will be almost
impossible to get into gold. There just isn’t enough to absorb a major
flight from a currency as large as the dollar. The dollar is just a
huge currency.”
About the 4% GDP growth in 2nd quarter, Dr.
Roberts says, “There is a lot of pressure on them because that can be a
black swan event. You get a second negative quarter and you are talking
about recession, and then you got people asking why are stocks so high?
Then, people start bailing out of stocks, and since it’s rigged, you
don’t know how big the crash will be.”
As always PCR tells it how it is. If America was not ruled by greedy and foolish people, the world would be a far better place. It is time the ridiculous American military went home and help the American police to just oppress Americans instead of the rest of the world.
ReplyDelete