Paul Craig Roberts – Russia To Unleash Ultimate Black Swan Against The West
Today
Dr. Paul Craig Roberts warned King World News that the Russians are
going to unleash what he called the "ultimate black swan" against the
West. Dr. Roberts also discussed how a terrifying series of events
would then bring the Western financial system to it knees as the banking
system completely collapses.
Dr. Roberts: “I was
listening to the news today and there were all these self-righteous
people just happy as all get out that they had finally stomped Russia
into the ground and ‘Russia is now finished,’ and Russia was broken and
‘would soon be an American vassal state where it belongs.' And I was
listening to this rot and got to thinking, ‘How can people be so utterly
stupid?’ But they are, and they are just as stupid in Washington.
And
in the meantime, as part of this process, Eric, we may see Russia
unleash black swans that bring down the Western house of cards….
Continue reading the Paul Craig Roberts interview below…
“Suppose
the Russian government says, ‘Well, since the attack on the ruble is
political and you guys are attacking the ruble and causing us so much
trouble, we are just not going to pay off the next traunch of our debt that comes due early in 2015.'
Well,
the European banking system would collapse because those banks are
terribly undercapitalized. Some of them have loans to Russia that
almost absorb the entire capital base. So the Russians don’t even have
to default. They can just say, ‘We’re not going to pay this year. We
will do it later. We’ll do it when the ruble stabilizes.’ (Laughter).
You
can understand the impact of such a decision by the Russians on the
West. And given all the linkages and the interconnections — when
Lehman Brothers went down it had just about as much adverse affect on
Europe as it did the United States.
What
would come from that? Who knows? There are all kinds of derivatives
and credit default swaps everywhere. We know these derivatives now are
some multiple of the world’s Gross Domestic Product. And nobody really
knows who all the counterparties are. If the European banks start going
down, who knows what the impact on this pile of derivatives would be?
But the whole Western system is a house of cards. It’s not based on
anything other than market manipulation. So it doesn’t take much of a
push to knock it down.
The
biggest black swan of all, Eric, if the Russians get thoroughly angry,
all they have to do is call up the European governments and say, ‘We no
longer sell natural gas or any other form of energy to members of NATO.'
The consequence would be the utter and total collapse of NATO. Not
even a puppet state like Germany is going to let the people freeze to
death, let the factories be closed down, and let the unemployment rate
hit 40 percent. It’s just not going to happen — it would be the end of
NATO.
So
whenever the Russians want to destroy NATO, that’s all they have to
do. Just call up the puppet Merkel, call up the puppet Hollande, the
puppet Cameron, and say, ‘You guys really enjoy being in NATO, well let
me tell you what, we no longer sell energy to NATO members.’ That’s the
end of NATO and that’s the end of the cover for American power.
That
would set off so many black swans. Every banking system would probably
collapse because if the German banks are faced with German industry
closing down, what the hell is going to happen to the banks? So all the
cards are in Putin’s hands. None of them are in Washington’s hands.
Putin is going to reorient Russia to the East. Then you are going to
see Russia, India, and China, take over the leadership of the world.
That will start in 2015.” KWN has now released the
incredible Dr. Paul Craig Roberts audio interview where he discussed
his stunning 2015 predictions, the 'Gold black swan' as well as other
black swans Russia may unleash which would cause Western collapse and
much more. This is one of Dr. Roberts' most important audio interviews
ever and you can listen to it by CLICKING HERE.
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