Saturday, October 4, 2014

AMERICA is on the BRINK of COLLAPSE WW3 -- Paul Craig Roberts‬







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.”



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