Former U.S. Treasury Official Dr. Paul Craig Roberts Warns Black Swans Will Engulf The World: “It’s A Perfect Storm”
With
people around the world worried about the escalating crisis in Greece
and conflicts in the Middle East and Ukraine, today former U.S. Treasury
official, Dr. Paul Craig Roberts, warned King World News that we are in
danger of black swans engulfing the world. He then cautioned, “It's a perfect storm.”
Dr. Paul Craig Roberts: “The
United States is declining very rapidly, and when the match is lit the
thing is going to go up in an inferno because there are just too many
unsupportable values in bonds, stocks, currencies, and in political
credibility….
Continue reading the Dr. Paul Craig Roberts interview below…
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Devastating Consequences And The End Of Gold And Silver Price Suppression
“If
we officially get a recession, is that a black swan? If the Fed
responds by saying, ‘Oh, thank God, now we can print even more money
because we’ve got another recession,’ can they continue to suppress the
gold and silver prices with naked short selling, with another outpouring
of paper fiat money? I doubt it.
I
think that things are going to begin winding down and it could happen
very abruptly. But again, Eric, I’ve been surprised that such an
unbalanced policy could continue as long as it has without devastating
consequences.”
Eric
King: “Because you were called in along with others to save the United
States from collapse when President Reagan came into office, as you
watch us push closer and closer to the wall that Austrian economics
warns us not to approach, if you had to speculate, what is going to
begin to cause this whole (Ponzi scheme) to collapse?”
Dr. Roberts: “Well
actually, Eric, we’ve climbed over that wall that the Austrians warned
us against. (LAUGHTER). We’re not just getting close to it, we’ve
already climbed over it.
I
think we’ve miscalculated in thinking, Eric, that we could have Russia
and China as vassal states. They’re not going to be vassal states.
Therefore, this realization on the part of Europe could affect Europe’s
toleration of their own vassalage to the United States. They (Europeans) could decide:
“Look
at all the risk that we’ve been pushed into by Washington: Risk of
conflict with Russia, the breakup of our very profitable economic
relationships with Russia, and the renewal of the Cold War with Russia,
which we suffered under during (virtually) the entire 20th century until
Reagan ended it. Now look, the bastards have brought it back. Why did
Washington do this?”
The End Of The American Empire
You
could see the empire disintegrate. All it takes is one European country
to leave the EU and NATO and the American empire ends. That’s all it
takes. Now we see who that could be — it could be Greece.
We’ve
talked about this before. If the Greeks say, ‘Look, our European
partners don’t give a damn about us; they're going to press us into the
ground. So we’re defaulting,’ and then they turned to Russia, that’s
the end of the American empire.
This Thing Can Blow Up At Any Time
So
then you have to ask yourself, ‘Why didn’t Washington, which is so
empire-crazed, tell the EU, ‘Leave Greece alone’? Or why didn’t the Fed
just print the money to bail out Greece? If they will print the money
to bail out JP Morgan, Citibank, Goldman Sachs and the British banks,
why can’t they print the money to bail out Greece and get rid of the
problem? That just shows how stupid they are. They get more pleasure
out of oppressing people, in this case the Greeks, than they do in
saving their own empire. So this thing can blow up at any time.
Do
you remember when we were assured that the invasion of Iraq was a
three-week war that would cost $70 billion, paid for out of Iraqi oil
revenues? That was 14 years ago. According
to Joseph Stiglitz, a Nobel Laureate in economics, and Linda Bilmes, a
budget expert at Harvard University, the minimum cost of the Iraq War is
$3 trillion. What kind of total failure is this? Any private firm
whose management produced a disaster like this, every one of them would
be fired and sued. And yet the people responsible are still
(considered) respectable.
The
scariest thing about the United States is the complete absence of any
competent leadership. There’s not a single competent leader in the
political system. And
if you look at the people who are announced as contenders for the
presidential nomination in the next election, you are looking at a
gaggle of maniacs. These are people who haven’t got enough sense to be
let out of the house on their own. And this is a superpower — ruled by
idiots! This is the danger. And this is why I don’t think the United
States has a future.
Black Swans Will Engulf The World
So the whole thing is a disaster. It (financial collapse) is
going to happen. There’s no way to stop it from happening. We (now)
have a perfect situation for black swans (to engulf the world) — it’s a
perfect storm.” ***The written piece above is just a small portion of the incredible audio interview with Dr. Paul Craig Roberts. KWN has now released the audio where
Dr. Roberts discusses one of the greatest periods of crisis that the
world has ever seen, gold, silver, and the dangerous events taking place
around the globe and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Man Asked To Chinese Officials Issues Warning About The Most Important Move Of The Decade And China's Golden Agenda CLICK HERE.
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