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Looming Catastrophe Hanging Over Our Heads – Greg Hunter, Paul Craig Roberts Video

Tuesday, October 17, 2017 21:18
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(Before It's News)

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By Greg Hunter’s USAWatchdog.com

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”

The International Monetary Fund (IMF) has just warned on the profitability of nine huge global banks. Some say they equal nine possible Lehman Brothers, which was the financial institution that started the 2008 meltdown. Is the IMF terrified of the slightest correction in the markets? Dr. Roberts says, “I think so, yes, because it’s not based on reality. It’s based on massive liquidity. So, it’s full of all kinds of dangers.”

The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack. If for some reason people said, hey, we don’t want the dollar anymore, and they started moving out of dollars into other currencies or into something else, if they cease to hold assets in dollars, if that happened, the Fed would have to try to raise interest rates to support the dollar. Then you could see that everything could come apart. If the interest rates would go up, there would be all kinds of derivatives that would not be sustainable. The stock market would collapse. It would be a mess. It would be an utter mess. That’s what the IMF is worried about. It’s a messy situation. How do you get out of it?”

How does Dr. Roberts say people should protect themselves? Dr. Roberts says, “I would not be in debt.”

Join Greg Hunter as he goes One-on-One with financial expert and award winning journalist Dr. Paul Craig Roberts.

(To Donate to USAWatchdog.com Click Here)

After the Interview:

Dr. Paul Craig Roberts is a prolific writer, and you can find all his work for free on PaulCraigRoberts.org. If you would like to support Dr. Roberts, you can make a tax deductible donation by clicking here.

Related Posts:

https://usawatchdog.com/looming-catastrophe-hanging-over-our-heads-paul-craig-roberts/ 

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Total 4 comments
  • Man

    this has been pushed for ever since trump became president….. i mean seriously…

  • Mick

    Somebody made a good point a few years ago when she said the too-big-to-fail banks are becoming too big to save.

  • patann

    -And I Heard In Hearing Of Bush wars On the Axis (Axel grease) Of Evil, “One Error/Era Into a New Fear factor,” (now this tug of nuclear war, why more volatile than ever terror attacks mounts, beware,) Apb
    -If God Is To Lay a Siege Against You, For Your Abominable Blood Guilt, Except You Repent, No Power On This Earth, Other Than Getting To Altars Of Christ, Can Then Deliver You

    A Catastrophe Upon the Earth, The Christmas Carol Dream Of America Burning From The West Into The White house Being Consumed In Flames http://www.layasiege2016.blogspot.com

    -So like every aspect, every national to international system, that is America, doing the death rider vision, declared both abominable and detestable, are in an obvious collapse. Truthfully until I don’t know what those of Americans not stampeding into exit southeast, this rest/pit stop into exodus are waiting, on commanded reapers since before hurricane Katrina bearing sword like syringes. Pending with every manner of disaster unthinkable are not going to allow you to do anything other than come America’s, Moses day, nation to world rule, exodus. Further meaning, get it, get Jesus and get out of it, get out of any and all western territories whose prophesied these 31 years.
    -It is of that cataclysmic seizure into a complete deletion has come, all parents and education centers are under a kill command, reinstating the Revelation warning, the day of God’s wrath come, no flesh shall stand, run! Great beast infect and posses your treasures, so as Jesus has already stated, may your flight from the end time abomination that maketh Christendom desolate not be in the winter, nor on the sabbath day, (holy, holiday), and pray for those with infant to small children. Like Apostle say, call her crazy all these 31 springs, just do it while you’re escaping either skyward with God’s Trump, Jesus or Southeast by America’s Truexit, Trump, even beware of Trump’s calm/run before the storm declaration lately, herein, the only two sacrifices God will bless, decide, beware, Apb, see here, http://elenintime.blogspot.com/2017/10/the-grand-escape.html

  • Hang all drunkdrivers

    Yeah – the collapse is coming but it could be 20 years away. It should have happened in 2009 but aunt barry gave the bankers trillions. Trump is doing the same.

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