Dollar is The Weak Spot for US-Paul Craig Roberts

Paul_Craig_Roberts-323x346By Greg Hunter’s USAWatchdog.com   (Early Sunday Release)

Former Treasury Secretary Dr. Paul Craig Roberts says all U.S. financial policy revolves around propping up the dollar.  Dr. Roberts contends, “I’ve always said the whole system is rigged.  It’s a house of cards, and the weak spot is the dollar because they cannot print foreign currencies for which to buy dollars.  So, if there is a worldwide run on the dollar, they lose control then.  In the meantime, they have all these things they can do to counteract the direction of the markets, and I expect them to continue doing that.”

So, if propping up the dollar is the top priority, then suppressing the gold price is a close second.  Could the COMEX or LBMA simply run out of metal sold below mining cost?  Dr. Roberts says, “Well, a lot of people think that, particularly people who think there is no gold left in Fort Knox or in the New York Fed.  They think all that has been lent out and used up.   If they’re right, then the policy they have in naked shorts in gold to drive down the price just increases the demand in Asia for more bullion.  If that is true and they don’t have a way to make those deliveries, then they are producing the crisis for themselves by holding down the gold price.  Whereas, if they let the price rise, it might temper the demand for gold in Asia and remove that problem.”

Dr. Roberts goes on to say, “The reason they want to hold the gold price down is they are afraid of its impact on the dollar.  The reason why they had to suppress the gold price is they had to protect the dollar from quantitative easing (QE) because they were printing trillions and trillions of new dollars.  This was worrying people around the world who hold dollars because the dollar was increasing, but not the goods and services in the American economy.  So, when the gold price took off, the Fed said this endangers QE because if the dollar is declining in value relative to gold, it must also be declining in value relative to other currencies.  Once the exchange rate starts collapsing, we lose control.  So, we’ve got to suppress gold.  I don’t know which side of the equation will play out first.  I don’t know if they will run out of gold to deliver to India and China, or people will say this is a rigged scheme and we are just not participating anymore.”  Roberts adds, “Again, I don’t know how this will play out, but we keep seeing developments that indicate that people are not content to play in rigged markets.”

On the Ukraine crisis, Dr. Roberts says, “Putin is saying, look you are pushing too far.  Because we are reasonable doesn’t mean you can walk all over us.  Don’t get the idea that because we (Russia) haven’t slapped your face that we are going to permit this forever.  You are being very, very aggressive to somebody who can stand up to you, and we are prepared to do that. . . .So, that is the message that he gave.”

On the Islamic State in Iraq and Syria, Dr. Roberts says, “We have lost control.  We now have a new enemy that is our own creation.  Not only that, but now the Taliban says it is uniting with the Islamic State.  So, after 13 years, we couldn’t defeat the Taliban, and we are going to bleed to death over there.  We are already bankrupt and busted, and we are talking about carrying this fight on another 30 years.  Who’s going to pay for it?  The Americans working part time jobs at Wal-Mart?  Do they think they can print money for thirty years and the world won’t flee the dollar?”

On the U.S. dollar, is the world getting ready to dump it?  Dr. Roberts, who holds a PhD in economics, says, “I think on the whole, that there is a risk that it could be dumped all at once, but it’s going to be dumped anyhow, even if slowly, and it’s already started.  When you see the Russian/Chinese agreements and the Russian/Indian agreements, what you are witnessing is people moving away from using the dollar to settle trade between one another.”

Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts. 

(There is much more in the video interview.)

After the Interview: 

Dr. Roberts is a prolific writer, and you can get his analysis and articles for free on his website PaulCraigRoberts.org.  Dr. Roberts has zero advertising, and if you would like to help him keep the site running, you can donate by clicking here.

Stay Connected
Comments
  1. M.Rados

    I am not a troll. This is a great interview.. Thank You.

    • Greg Hunter

      M. Rados,
      OK, thank you for your comment, but I don’t think anyone would think you are a troll for saying something nice. Thank you for saying it here, and I hope you come back.

  2. Jerry

    Great interview as usual Greg. PCR was at the top of his game.
    Greg, after reading this article:
    http://www.globalcapital.com/article/nl1fbb09gj6k/citi-hails-china-london-automatic-rmb-sweeping
    I’m going to have to change my theory about “how” the collapse of the dollar will take place. It appears the Banks are involved with the transition to the RMB right now on the inside behind closed doors, even though its not reported by the MSM. I think one day soon, we may very well wake up to the news that the transition has already taken place, and that we will be issued some new form of currency for domestic exchange. As dossal as the American people are right now with government programs and the like, I don’t think there would be much resistance to it at all. Its just a thought. What do you think?

    • Greg Hunter

      Jerry,

      I think people will finally wake up to financial devastation but it will be too late to do anything about it short of revolt and that is not going to happen. The general population is too stupid or distracted to know what is being done to them.

      Greg

      • allen ols

        …WILLINGLY STUPID AND WANTING TO BE DISTRACTED, ON PURPOSE.

      • Ron

        They are both Greg … stupid and distracted … just look at a football game on TV …. painted faces, jersey’s, cheese on the head, beer helmets etc … they have to travel to and from the game dressed like that …… yes, stupid and distracted

      • Matt

        No doubt Greg. As i walk into a cafe,bar or at work,it is the continued meaningless chatter of meaningless topics. Folly at best. Were screwed,toast,stick a fork in it.

      • Paul from Indiana

        If this is the plan, they figure the normalcy bias is in their favor. I have posted this before, but I will repeat (with Greg’s forbearance): I don’t go to sleep without a full tank of gas in each vehicle. Best always. PM

    • David Brown

      Go to You Tube and type in Jim Willie. He makes the assertion that a “blood red dollar” is being developed for America. He uses a four letter, word to describe it, but he seems to swear by its development.

    • Silence is Golden

      Jerry,
      I concur…in fact I said exactly that the same thing not long ago in response to your Bloomberg posting.
      ” Blind Freddy saw that one helluva subtle move. Its called transition to the new world order and its been in train now for well over two years”…. and the game just took on a new set of rules.
      You are free to change your theory on how the dollar collapse takes place. Just keep in mind that slow and steady wins the race. Just as the FED has destroyed the Dollar over 100 years……it is not meant to be obvious. “We cannot have panics and bank runs in this advanced economy. We are superior to that defunct process”….aren’t we ?

    • Michael Harvey

      Jerry
      Jim Rickards quite clearly pronounces that the IMF has been and is in the process of creating a new reserve currency notably the Special Drawing Rights (SD R’s).
      Jim states that he wouldn’t be surprised to see it come into force as early as April 2015.
      My words below
      The level of monopoly money being printed by the Federal Reserve is not sustainable and is ultimately destroying the economy and confidence of the populace.
      US cannot be the worlds reserve currency if the Fed’ is leveraged 77-1.
      The IMF’s leverage is 3-1, China is 20 years away from being a reserve currency as the tools for such a system cannot come about with China being a communist state.
      Regards
      Mike

  3. coalburner9

    Greg;
    This may be your best yet!

    It certainly was the best interview I have seen with PCR!

    I agree especially with his last analogy. We have crossed the Rubicon! It will a long 500 year grind before we see the heights again. Sadly most of us never realized we were at the top when we were. I wonder if we will look back to 2007, 8, or 9 as the year the New World came ashore, this time from the Far East! I forget which oracle said that money and power flows like a river. Well, it does not wait for anyone and the future survivors will get on their boat and ride. The New World Order is not going to happen, that is the good news bitter for elites that miscalculated and puked into their dinner plates.

    • allen ols

      coalburner;
      The Next Financial Panic Has Already Begun

      from Western Journalism:

      The chickens are coming home to roost in Europe and the United States, and the next financial crisis has already started.

      We just don’t know it yet.

      Why are gas prices plunging? Why is the stock market correcting? Why is the Fed worried?

      The answer is slowing economic growth, all over the world. Western societies have built up mountains of debt that they don’t have the will to pay back. Their economies could probably handle the huge debt service load if they decided to do so, but their populations don’t have the will to pay.

      Read More @ WesternJournalism.com

      http://sgtreport.com/2014/10/the-next-financial-panic-has-already-begun/

  4. David Brown

    As to the Washington Post, journalist David Ignatius has been accused of being a CIA mouthpiece. How he may have come to be “employed by them is anyone’s guess. His father was a former Secretary of Navy.

    Nice to have connections.

    I’m not sure as to Bob Woodward’s CIA “employment.” He did serve in the Office of Naval Research after college graduation.

    Nice to have connections.

    Source on both men is Wikipedia.

    With every guest you interview, the more sure I become the collapse is within a year.

    I know you plan on a Harvey Organ interview soon. I would be curious to know if he is being harassed by the US and Canadian governments ? Is silverdoctors.com being harassed?

    The last interview you had with him was probably the investment tip of the year. Little reason to ask why his site was abolished.

    Thanks, Greg?

    • Silence is Golden

      DB,
      Show me a financial writer that is employed by the MSM that is not “Owned” by the CIA. PCR put that definitively.

      • David Brown

        The two men are not financial writers, but they are paid to write.

        I doubt financial writers are influenced by CIA operatives. They take their cue from editors, who in turn take their directions from a little higher in corporate America.

  5. Ed Perkins

    Mr. Hunter,
    You’re to be commended for offering some excellent interviews.
    I watch many of them.
    My favorites have been those with Paul Craig Roberts and Jim Willie.
    Recently, I watched, watched again, and watched a third time your interview with Harvey Organ. His arguments are compelling even though I agree with “Adask’s Law” that Organ may be be too apocalyptic and his timeline too short.

    So what would set your site apart from the many interview sites on the net? What would have me and other watchers looking forward to every interview, watching, and taking notes?Simply this – note your interviewees’ predictions, follow up on them, and, in future interviews, ask your subjects about their prior predictions. If you’d hold your people accountable, I think you’d do us, your readers, and your contributior interviewees a service.

  6. Simple American Soldier

    I’m just a regular US Army guy tuning into this debate, but this commenter is off base by suggesting that we take a back seat to Russia. As Patton said, we have never lost a war. I would suggest that we actually never lost a war that we committed to win because Vietnam history suggests that the public withdrew their support at a critical time when we needed to be all in to achieve victory. Anyway, we need Russia to understand that we are the most formidable fighting machine that the world has ever seen and we will prevail if Russia insists on a stand up fight. I can assure you that we are the worlds pre-eminent force. In Texas they say dont mess with Texas. Putin needs to understand that he better not mess with us because in a war with an evil empire like Russia, babies will die and they will be Russian babies incinerated by napalm or fried to a nuclear crisp. Are they that stupid ?

    • lastmanstanding

      Young man, thank you for serving those of us in the United States of America that support you and pray for your safety every day.

      They don’t give a damn about you. wtfu and reread what you wrote above. My Vietnam buddies stood in the rain of agent orange and they were told that they were safe…they are angry, they are shit on, they are left for dead. You are no different to those at the top.

      Your last couple of sentences saddens me.

      • 2015

        Don’t thank this man for anything. Get your head on straight and stop supporting these murderers.

        None of these ghouls deserves any respect. They deserve to have their children removed from their custody, and themselves put in jail.

    • Brian Stemmerman

      Babies will die and they will be Russian babies. Had to reply, you need medication. Why are you guys so fired up to kill other humans. The government does not take care of you when you come home. You are not fighting to protect me or my family or any one on this message board. Deep down, I think you know that. Wars are easy to start, ending a war is the hard part. All this country needs is a rational foreign policy. Treat others with respect and you will have peace and a growing economy.

    • Bill

      Soldier, do some research, were the ones trying to pick a fight, not Russia, this isn’t our fathers USA!

    • Joel Medina

      The United States has not declared war since World War II, and has not won a “conflict” (not war) since. Has the US won the Afghanistan and Terror Wars. Russia has stated that it would use nuclear weapons in defense of Russia. If the US/NATO went to war with Russia, not only would Russians, Americans, and Europeans die, but all human babies around the world would die. Watch some of Greg’s past interviews with Dr. Roberts. Are the governments of the US and its NATO Allies that stupid to threaten Russia?

      • woody188

        Truth be told, Russia actually “won” WWII. The USA came in at the end, took all the glory, and wrote the western history books giving the USSR only a minor nod. The USA did defeat Japan, but Germany was broken by the Soviets and Hitler’s arrogance.

        • Greg Hunter

          Woody 188,
          Hitler killed 27 million Russians and LOST!!!! The Russians are tough. That is their history.
          Greg

    • Silence is Golden

      Your patriotism is misplaced. Russia is not the perpetrator of evil.
      They are participating in relieving the world of the evil construct that has plagued humanity on both the Eastern and Western Fronts.
      As much as it pangs me to say this… Look to your own backyard.
      The propaganda machine has performed above expectation. Sad reality is that a greater proportion of the population share common values and ideals with you.

    • Gardener1

      @Simple American Soldier

      You might want to re-check your facts. America has not won a war since 1812.

      If you were to delve a bit deeper than 6th grade social studies, you would discover that Russia actually and definitively defeated and polished off the Germans in WWII. At the great loss of some 25 to 35 million Russian lives. When the Russians arrived in Berlin days before the allies got there, they fairly well destroyed what was left.

      After that the US has had a long list of ‘peace keeping’ operations and ‘military advisement and support’, bombing the hell out of people all over the world and sending in mercenary private contractors for covert operations and underhanded dealings. But we don’t call them wars any more, haven’t you noticed? The last one we did call a war – Vietnam – the US was defeated miserably.

      You might also wish to note that the Russians not only devastated the German army in WWII, but also crushed Napoleon in the previous century.

      My good man, you grossly overestimate the prowess of the US and its unwanted global intrusions, and you underestimate the grit, determination, nature, and history of the Russians.

      Books are your friend. Read some.

    • HTC

      Russia isn’t going anywhere, God still has to place the hooks in her jaws to pull her into a conflict with Israel. We know how that ends and it isn’t by the AWESOME and unstoppable US military…..

    • Chip

      SAS, ask yourself “who is the aggressor”? How many countries has Russia bombed in the last five years? The USSA needs to STOP its aggressive interventionist policies around the world. We are FLAT A$$ BROKE!!! We need to close our borders, fix our infrastructure, downsize our government, deregulate and simplify and reform the tax code, and lastly address the problems with our entitlement programs. WHY so much focus OUTSIDE these areas? WAKE UP!

    • Dale

      The US lost Vietnam after being involved for nearly 10 years. The US has lost in Afghanistan, Iraq, Libya, and Syria. The loss in Ukraine is on going.

      Russia has never been defeated when invaded. Russia, like the US, Israel, France, Pakistan, India, and perhaps some other nations, has a nuclear arsenal capable of destroying anyone. If you are fantasizing about a war with Russia, you need treatment.

      US has a defense budget 12 times larger than Russia, with troops in 150 nations and bombing in 7 Muslim nations. The net result has been, per bin Laden’s plan, to bankrupt the US and fail in every military venture since Vietnam.

      Hubris and arrogance will not win wars, tho it will start them.

      US foreign policy, since JFK was assassinated (he had an executive order to withdraw from Vietnam) has been a cluster fuck. Reagan built up the military and tripled the debt. Bush II built up the military and more than doubled the debt.

      The result has been:
      enormous debt
      loss of respect worldwide
      chaos and sectarian violence in Afghanistan, Iraq, LIbya, Syria, and Ukraine.

      Those serving under these conditions are like the German soldiers serving under Nazi rule: brainwashed, abused, used up, discarded. You are no different.

    • AussieObserver

      Simple as in Simpleton???? Russia could gobble you up in a second.. they won the last world war remember! If you are a typical American.. all is lost for you, mate! bye bye!

    • 2015

      Soldier, you ought to be ashamed. You are a coward. I disavow you and your soulless statements. You ought to be tried on war crimes.

      You ought to get real courage and defend those here at home from the cronies in Washington, counties and cities.

    • standup4sumptin

      It’s obvious you have not had your “awakening”. It can be an amazing roller coaster ride. However, you may not have enough time. It took me 5 years to finally learn enough and accept reality. Good luck.

      “I’m completely awake, the Veil of deception has been removed, I see with clarity and purpose”

  7. allen ols

    greg;
    PCR, right in there with Kirby, Williams, Willie, egon, celente.

    Waited from 2 till 4 sunday aft. no PCR, so went to a country location to put in 30 ft drainage pipe, came back, and you have early addition. 🙂

    Russia was wise during Syria confrontation and then Ukraine, and then sanctions, and Putins patience is waning.

    We have an imbecile-in-charge, and whoever voted for him bears responsibility for the stupid-in-charge.

    NOW THIS IS A FIRST FOR ME!!!!!!!!
    “When one changes currency into dollars, the other party has to change the dollars into their currency, ie 2 FEES” WOW!!
    I DIDNT KNOW THIS!! I thought is was one fee.

    Jerry, SIG, oracle, paul, jeff, silver doc, mark, art, al, DID U KNOW THIS, someone should have said this b 4.
    PCR says TROLLS slander him, lol I have G500 trolling me. lol
    tks greg, good stuff,
    I challenge everyone here at usawd to match my 50 bucks a month for one year, for support for this site; or at least 10 bucks a month.

    al ols

    • Silence is Golden

      Have to admit that I thought the 2 way conversion fee was a “given” (well known and accepted). Then again dealing with this stuff repeatedly over the years does create an automatic discounting of non-essential info….for me at least. I don’t normally take things for granted. Thanks for bringing some level headedness and equality to the table here Allen. Did you also know about payment and collection fees for international wire transfers on top of the conversion fees ?
      The USD has been a nice little earner for the BANKS in many nefarious ways.

    • rezo

      Simple american soldier . You are an idiot , just an idiot and yes a SIMPLE American soldier.Poor fool

    • Matt Jaymes

      SAS: Thank you for your service, but no one – NO ONE – wins a nuclear war! Besides, I don’t care if we are the most formidable fighting machine ever. I think its high time we put childish things away and started building much more commerce, business, science and education “platforms” as opposed to nuclear platforms. Are we that small minded that every problem has to have a military solution? I hope not, we’ve done that – to death.

  8. Jeff

    Great interview as always, Greg…….. This is not only about gold manipulation but oil and other commodities tied to the dollar. Last week I said the oil manipulation was all about the futures market and less about Saudi pumping extra oil they don’t have. Today I read about the copper market that like so many other commodities doesn’t represent true market value. They are all tied together and all lead to the same source……..Here’s the article. Read my comment at the end as again it always leads to the same conclusion…….. [ http://srsroccoreport.com/the-world-has-less-than-5-days-worth-of-copper-inventories/the-world-has-less-than-5-days-worth-of-copper-inventories/ ]

    • standup4sumptin

      When the only tool (U.S. military) you have is a hammer, every problem looks like a nail.

  9. mark

    Dear Greg,
    Thank you for having Dr. Paul Greg Roberts on again and on early (Sunday) release no less!! I love his demeanor as he just can’t seem to contain himself from outright laughter at the absurdity of those who in their arrogance and hubris are just blindly pushing their weight around as if everyone should just bow to Washington’s direction. Meanwhile, the world stands off and watches the insanity of a once great nation’s leadership self-destruct into oblivion. I personally do not take Dr. Robert’s laughter as insensitivity to the grave consequences of such bankrupt policies by our counterfeit leadership, no, not at all. Rather his laughter to me shows the contempt that he, as an elder statesman, whose wisdom and knowledge of the inner workings of these governing institutions is detailed and intimate, holds for the foolishness and absurdity of those who in their blind arrogance actually think they can get away with such lawless recklessness. This reminds me of the incident where the disciples were instructed by the Sanhedrin not to teach in the name of Jesus to which Peter and John responded that “whether it is right in the sight of God to listen to you rather than to God , you judge; for we cannot but speak the things which we have seen and heard” (Acts 4:19-20) which when reported to those gathered there was quoted in response: ” Why do the heathen rage and the people imagine a vain thing? The kings of the earth have set themselves, and the rulers were gathered together against the Lord and against His annointed ” (Psalm 2:1-2) which continues, ” Let us break apart their bonds and cast their ropes away from us. He who sits in the heavens LAUGHS; the Lord has them in derision ( worthy of ridicule, held in contempt with mirth). Then He will speak with them in His anger, and in His burning wrath He will terrify them: But I installed My King upon Zion, My holy mountain.” (Psalms 2:1-6). May the grace and peace of our soon coming Lord Jesus Christ be with your spirit Greg. Fear Not, for, ” I am the First and the Last and the Living One; and I became dead , and behold I am living forever and ever; and I have the keys of death and of Hades.” (Rev. 1:17-18)

    • J.C.Davis

      With a tear in my eye I respond to this post. I don’t leave long post because brilliant people like you do it for me. THANK YOU MARK.

  10. Paul

    Greg … As Dr. Roberts explains the US can’t print foreign currencies to strengthen the dollar … however the US can “ask” its partners to print more of their own money (like Japan is currently doing and Europe is about to do) to strengthen the dollar … suppose the US is successful in this strategy to strengthen the dollar … what it will simply mean is that the entire world paper money supply will expand in an exponential manner … and the limited supply of gold, silver and other commodities will just be worth that much more paper fiat … if they keep this up one day an ounce of gold will be worth 10 trillion or 100 trillion fiat paper (dollars, yen, euros, etc.) … so who in their right mind is ever going to sell their gold or silver for trillions of pieces of worthless paper ??? … the answer is “they won’t” … what will happen is the people who own gold and silver will only trade it for “real physical commodities” … all the fiat paper of the world will become “Zimbabweized” … people will not measure wealth by trying to become millionaires or billionairs because counting thier wealth in worthless fiat paper money will mean nothing … instead they will become “stackers” … and the people with the biggest stack of silver or gold coins will be considered the wealthy ones … all those who cling to the notion that fiat paper is wealth will eventually begin to burn it in their fireplaces to keep warm.

    • Silence is Golden

      Paul,
      Creating more debt to repay existing debt does not resolve the issue of DEBT.
      They will merely hope to buy more time.
      A crash/reset/gold backing is inevitable.

  11. Kabous

    I absolutely always listen when Dr. Roberts says something. He has an exceptional understanding of what Washington & Co are doing to the world and other world events. I was wondering when Greg were going to get him on the show again. Thank – From South-Africa(the most under rated country in the world) 🙂

  12. CrazyCanuck

    “… because they cannot print foreign currencies for which to buy dollars.”

    Ahhhh, but being the puppetmaster of the Western world, can they not simply use their “influence” to insist their minion countries do so? When a country like Germany finally stands up to them ( given the financial and geopolitical consequences of following an “America first ” policy ) , THEN the current world order may shift significantly .

  13. gdw

    The US military industrial complex (that Eisenhower warned us about) finally has the perfect business plan: provide advanced tactical weapons and technology to BOTH sides to maximize profit$.

    The Rothschilds have been funding both sides since the Napoleonic wars, look how rich they are now.

    The Rockeffers and the Rothschilds sure have been really quiet lately, you’d think with their tremendous influence and considering the spreading Ebola threat to all their investments they’d be a little more vociferous? … unless they are orchestrating it?

    And look who else got to sleep in the Clinton White House:

    Listen to the last 3 minutes and ask why NOT A WORD FROM THE UN, or Hillary? (sarcasm):

    youtube: The Rothschilds Exposed 3/3
    http://youtu.be/47WM2BhklmM

    They own the banks too, get it yet?

    *

    I wonder when the ‘cannon fodder’ (as Kissinger refers to our soldiers) gets it?

    Understand the problem and your already on your way to fixing it.

    Check out the last 30 seconds of 2, then watch the whole thing:

    youtube: Obama and Rockefeller 1
    http://youtu.be/K6C24GpgQTQ

    youtube: Obama and Rockefeller 2
    http://youtu.be/M8vFSqYXJ8U

    Do you think the US taxpayer funded NSA, DOJ and DHS are working for the benefit of the US citizen and up holding the US Constitution and Bill Of Rights?

    Our US military (being defunded, demoralized and weakened) are now fighting against an enemy that is trained, funded, given tactical weapons, infrastructure and support (and probably top secret planning) from our own federal government?

    … and now being exposed to Ebola by the thousands.

    John Kerry Struggles To Admit U.S. At War With ISIS
    http://youtu.be/kLEh4KZUFoA

    Until a critical mass is reached that understands the above videos and who the actual enemy really are, don’t expect things to get better anytime soon.

    (…and the Knesset too?)

    Know Your Enemy (Part 71 – Israeli Supreme Court)

    http://youtu.be/0qGstcJocPs

    youtube: Slave Queen
    http://youtu.be/vrsfll_QLUw
    by TruthNeverTold

  14. woody188

    My biggest worry is the Ebola outbreak will be used as cover to round up dissidents/political opponents and silence them. They will move them to the FEMA camps claiming they are infected. Being moved to the camps will be the equivalent of a death sentence as one will virtually be guaranteed of contracting the disease either from contact with actual Ebola victims or via mandatory injections.

    • Chip

      Molon labe…

  15. J. C. Davis

    P. C. R. said you cant put sanctions on countries that don’t use your currency. Statement this generation will learn the hard way. Thank you Greg.

  16. Matt Jaymes

    Here’s a mathematical equation expressed in simplest terms:

    Paul Craig Roberts = Beacon of truth, shedder of light, bastion of honor and integrity
    Washington, D.C. ≠ Paul Craig Roberts

    Keep up the good work Greg; somehow, someday we’ll get our country back. I don’t know how it ends, but it begins by telling the truth!

    Matt

  17. Donna C

    Greg, I never laughed so hard at things that are just not funny. Roberts has a low-key manner about him — while he’s throwing a verbal cinder block. That laugh of his is disarming too, just snickering away at human folly.

    At one time there was a man like him on every block in the country. I really miss all the sage elder talk. Your site fills the void. My workday ends at 4 a.m. and this is the first one I check out.

    The whole Russia thing is on a slow burn. Putin’s watching a fireball (us) though. Why blow your own money and waste your own people when our leaders are destroying us for him? Roberts is so correct, we used up all our goodwill and our welcome. When you lie and endanger your OWN people, who around the world would trust their fate to us?

    I’m not saying that Putin is on a white horse. We’ve been pretending for a long time to be a cut better though. Okay, we did not gulag, starve, and mow down millions of people (at least not here), that’s true, but imagine all the people that moved here from Russia and the former Iron Curtain countries — you know, the whole freedom thing? What a hangover they must be having. They’ve seen ego freak despots, can quote every chapter to the surprise ending.

    I believe it was Mike Rosecliff that told the Hagmanns to watch a WW II movie from the Russian point of view. He says: Our war version is so sanitized. Watch what a real war is all about — Stalingrad, now there’s a serious battle.” They ate rats, bark, each other to survive.

    If it is true that we helped to crash their ruble and wreck their economy 20 odd years back, I hate to contemplate the pay back. Putin will wipe up what is left after Barry. That whole dollar thing will be just the very tip.

    Fear not.

    • CrazyCanuck

      Donna,
      …Okay, we did not gulag, starve, and mow down millions of people
      Quite true that Stalin and Mao did very, very nasty things to their own people. However, America has always sold the narrative they are the shining white knight bringing justice and decency to the world. I would submit however, that the country forever at war, forever involved in other countries business under the guise of USA ‘s “national interests” has been directly or indirectly responsible for millions of deaths worldwide — many of them civilian.

  18. Larry W. Bryant

    == Can a Tanka Disable a Tank? ==

    call it Iraqnam;
    like its namesake (Vietnam),
    this tribal warfare
    feeds off its growing cancer,
    obscuring moral outrage

    — Larry W. Bryant (20 Oct 14)

  19. Max

    I enjoy listening to PCR.
    It’s a reminder of the quality of people
    that used to run this country.

  20. Paul from Indiana

    It is possible that no one really has the guts, out of fear of the repercussions, to call the US on the dollar, and that things just limp along as they are. This is the Catherine Austin Fitts “slow burn” idea. Either way, the so-called run/collapse scenario or the CAF “slow burn” proposition bring about the same end, and it’s only a matter of how long it takes. Sometimes volcanoes blow suddenly and powerfully, but more often than not, they just bleed off the pressure gradually. But it’s still a volcano. Best always. PM

    • allen ols

      PFI;

      Even the European Central Bank has started discussions on the possibility of including the renminbi as one of its reserve currencies.
      On Tuesday the UK also became the first country besides China to issue a sovereign bond in renminbi.
      This coincided with the issuing of 180 million renminbi of corporate bonds by China’s ICBC in South Korea. Another first.
      It’s very clear where the trend is going. All these news items are pieces of the same puzzle.
      The US dollar’s throne is shaking as it’s losing its importance and status as the preeminent currency in the world. Renminbi is on the way up.
      The whole existing order of a single ruling currency is currently being challenged.
      A new financial era is coming.

      Submitted by Simon Black, Sovereign Man:

  21. Aziz JAAFAR

    Great Paul Craig Roberts,as usual.Good Greg Hunter.

  22. allen ols

    greg;

    Martin Armstrong says;

    The greatest problem with prosecutors in the USA, they are totally ignorant of the implications that result from their attempt to win at all costs. Attacking foreign banks and threatening them to be disbarred from conducting transactions in US dollars is driving the world into a no choice situation where we will see a one world currency sooner rather than later. Prosecutors think they can have power, but all they are doing is destroying the world economy. Transactions will need to be done in any currency other than dollars.

    The demands on Standard Charter may force up to 8,000 small business operations in UAE alone to be shut down. This is turning into throwing out all small to medium-sized companies as large banks only deal with big companies. Job growth comes from the small to medium-sized companies and they are the ones being wiped out.

    http://armstrongeconomics.com/2014/10/19/us-prosecutors-continue-to-destroy-world-economy/

    • Silence is Golden

      Allen,
      In a word….”Fascism”.

      We were all misinformed to believe that Globalisation was good for the country and its people. It gave rise to the TNC’s who seek to ensure monopolistic powers in business and government. The Globalists with their Babylonian agendas, were democratically elected only to evade the process of Democracy and internally elect governing people to the highest positions of power. This way they ensure that the people do not have due process in how they will eventually be ruled by these unelected criminals who seek world dominance and a return to feudalism.

  23. allen ols

    greg;
    this is karen hudes and she grills GEN DEMPSEY; Just listen to 3 min mark to 6 min mark; I thought very interesting.

    http://sgtreport.com/2014/10/world-bank-whistleblower-karen-hudes-on-the-criminal-banking-cartels-and-how-to-stop-them/

  24. Andy

    good interview Greg, couldn’t agree more with PCR, America has lost or is fast loosing its respect in the 21st century. Hopefully Americans will have a long hard look in the mirror to see the deceit and manipulations currently within their country and in the next presidential elections vote in someone with backbone and a strong moral compass to get the US back to its roots again … for the sake of the USA and the rest of the world.

  25. robert h siddell jr