Middle East Revolution & Inflationary Depression Coming -Paul Craig Roberts & Greg Hunter Video
By Greg Hunter’s USAWatchdog.com
Former Assistant Treasury Secretary Dr. Paul Craig Roberts thinks the Middle East violence is going to get much worse. Dr. Roberts contends, “Unless the Islamic State somehow collapses, you are going to see a new wave of revolutionary developments in the Middle East. I suspect all the oil dictatorships will be overthrown because there is a tiny handful of people we installed there and they are mega-billionaires, and there isn’t anybody else that’s got anything. . . . I think they are all headed down the drain.”
Why does the foreign policy of the U.S. in the Middle East look so confusing and scattered? Dr. Roberts says, “The administration has different elements with different agendas. So, different elements in the administration are pursuing different agendas. Some still want to overthrow Assad; so, they want to support ISIS. Others think ISIS has gotten out of control and is doing something we didn’t expect. So, you have various blocks inside our government in conflict with one another.”
Turning to the American economy, Dr. Roberts, who has a PhD in economics, thinks, “If you measure inflation correctly, GDP (gross domestic product) has been negative since the downturn in December of 2007. It never recovered. All of the other indicators show that there is no sign anywhere of recovery. . . . My own opinion is the first quarter and second quarter of this year will be negative and probably it will go down from there. I don’t think there will be a recovery, and there is really no way they can recover it except by understating inflation. There has been no growth in real consumer income for decades. That means people have no growth in their income. So, they can’t spend more and prices are rising faster than are acknowledged. All you got to do is go to the grocery store. . . . So, people’s real income is falling, and if real income is falling, there can be no growth in consumer demand. . . . What can the Fed do? There’s not much they can do except print more money. That will eventually get into the economy and drive up prices. So, you are going to have no ability to buy anything because of rising prices—hyperinflation. They have created a perfect storm. There is really no way out for the Fed. They focused the economic policy since 2008 on saving four or five big banks. That’s all they have done. . . . They have used up everything to save four or five big banks.”
What does Dr. Roberts see for the rest of this year? Dr. Roberts says, “I don’t retain a forecasting model, but I can see what’s going on. The first six months of this year and the GDP, even with the fake inflation numbers, will be negative. The decline is so strong now that they can’t hide it anymore with manipulated numbers. So, we are going to go into a recession. How do you get out of it? I can’t see any way for them to get out of it, so, it will worsen. I think it will head into a depression. . . . I think we are going to have an inflationary depression, and there is no policy cure for that. . .Dr. Roberts goes on to say, “They may expect this and that could explain the militarization of the police.”
Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts of PaulCraigRoberts.org.
(There is much more in the video interview.)
After the Interview:
Dr. Roberts is a prolific writer and posts his articles on his free website PaulCraigRoberts.org. If you would like to help out Dr. Roberts with a tax deductible contribution (click here.)
Related Posts:
- Threat of Nuclear War Back-Paul Craig Roberts
- Dollar is The Weak Spot for US-Paul Craig Roberts
- Fed Laundering Treasury Purchases to Disguise What’s Happening-Paul Craig Roberts
- Gold and the US Dollar Fight to the Death-Paul Craig Roberts
- U.S. Has Plans for Preemptive Nuclear Attack- Paul Craig Roberts
http://usawatchdog.com/middle-east-revolution-inflationary-depression-coming-paul-craig-roberts/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.