Paul Craig Roberts: US is Completely Busted — Dirt Broke - Ponzi Scheme - Video

US is Completely Busted — Paul Craig Roberts

BY ADMIN · MARCH 11, 2014

Economist Dr. Paul Craig Roberts says, “The physical stock of gold in the West to meet delivery demand is diminishing rapidly. So, one day the Chinese will buy 100 tons of gold, and we won’t be able to make delivery. That would crash the system. It would just pop. So, there are things that could crash it suddenly. Regardless . . . the economy is going to gradually sink because there are no jobs, or no good jobs. . . So, there is not a recovery. The U.S. is a busted state. It’s completely busted.”

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On the Federal Reserve money printing to prop up the economy, Dr. Roberts, who has a PhD in economics, contends, “I think they realize all the money printing does undermine the dollar, and if they lose the dollar, the game is over. So, they have to protect the dollar.”

Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Dr. Paul Craig Roberts, author of the new book “How America was Lost.” )

http://www.youtube.com/watch?v=AhxZxL56B00

Read more here:


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Dr. Jim Willie-Russia and China Gold Standard - Dramatic U.S.Dollar Decline in 3 Years

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John Williams-Massive Dollar Selloff in 2014-Game Over

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Jim Sinclair: Gold Will be $50,000 per Ounce, Gold Confiscation, Dollar Gets Hammered and More

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Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold,There Won't Be Any

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Dr. Jim Willie-Russia and China Gold Standard - Dramatic U.S.Dollar Decline in 3 Years

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Ukraine-Desperation to Save the U.S. Dollar-Dr. Jim Willie

By Greg Hunter On March 9, 2014 In Economy, Featured, News, Politics 155 Comments
http://usawatchdog.com/wp-content/up...ss-300x113.jpg By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Newsletter writer Dr. Jim Willie thinks the Ukraine crisis is an enormous struggle for financial power between East and West. Dr. Willie contends, “I believe what we got with Ukraine is an absolutely desperate situation where the U.S. government realizes we have to stop Ukraine from becoming a central transit point for energy pipelines in the fast developing Eurasian Trade Zone. They need to stop the Eurasian Trade Zone because the United States and England are largely going to be excluded. If you look behind the curtain to see what is really going on, I believe this is the third attack on Russia’s Gazprom. It is a giant monopoly that Russia controls for natural gas. The first attack was veiled and it was Cyprus. Gazprom bank was gigantic and it was in Cyprus. . . . Furthermore, Russia was using Cyprus as a clearing house for buying gold bullion. . . . The second attack against Gazprom was Syria. Iran pipelines were to be connected with Syrian ports. . . . There is a war in the way. That’s what the U.S. does. There is a war in the way. Now, we have the third attack against Russia Gazprom. The U.S. and Europe actually believe if they control the gas pipeline valves, they can control the flow on the Western corner (of Ukraine) that feeds Romania, Poland and Hungary. They actually believe if they control the valves, they can control the flow. What if the flow is cut off?” Dr. Willie, who has an earned PhD in statistics, thinks the manufactured Ukraine crisis is an act of desperation by the U.S. Dr. Willie explains, “Have you ever know someone truly desperate, who has no options, that did stupid things? That’s what we are seeing now.”
Dr. Willie goes on to say, “There are so many sides closing in on the United States that it is almost becoming a tragic comedy. . . . These guys are running out of options. When I heard that Secretary of State Kerry made a threat to exclude Russia from the G-8, I said, ‘yeah right.’ That’s going to backfire, and the U.S. will be isolated. . . . I made this forecast about three years ago. I said watch the G-8 become irrelevant and the G-20 take over and China run it as opposed to the U.S. and Britain. That has now happened in the last year or 18 months. We just had a G-20 meeting in Australia, and China just railed on the United States. They said you are living off fumes. You are living off the printing press with no justifiable income. Your economy is a fake. This is getting hostile, and it was in a G-20 meeting.”
The real problem for the West will be payment for oil and natural gas in something other than dollars. Dr. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. If they demand ruble payment, it immediately puts the kibosh and sabotages all Wall Street and London intervention games where they are trying to punish Russia by seeing their currency decline. We’re not in the driver’s seat being a big debtor. We’re not in the driver’s seat being a big importer of energy. We’re not in the driver’s seat on anything.”
On the value of the U.S. dollar, Dr. Willie says, “The response to U.S.pressure will be steps to kill the petro dollar and force banking systems around the world to start divesting of Treasury Bonds because they won’t need them.” When will this happen? Dr. Willie answers with a question by asking, “Do you think Putin is going to wait a long time? The time between events is really closing. . . . The whole point here could be provoking Putin and Russia into making a first strike. I don’t like using the n-word (meaning nukes), but if Russians make a large strike, then the U.S. is going to come back and make a strike 20 times larger and destroy the Russian nation. That could be what these desperate Nazi’s are trying to do.”
On gold, Dr. Willie contends, “I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it’s the military. We’re seeing it now.” Dr. Willie predicts “an 80% decline in the value of the U.S. dollar in three years.”

Join Greg Hunter as he goes One-on-One with Dr. Jim Willie, Editor of “The Hat Trick Letter,” which can be found on GoldenJackass.com.

(There is much more in the video interview.)

http://www.youtube.com/watch?v=GjaCh0S2nu4&feature=player_embedded

After the Interview:

Dr. Willie told me his newsletter is a “view towards reality as ugly as it is.” If you like to subscribe to fee based “The Hat Trick Letter” (click here).

http://usawatchdog.com/80-decline-in...dr-jim-willie/

http://www.alipac.us/f19/war-becomin...crisis-299691/