By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Former Assistant Treasury Secretary Dr. Paul Craig Roberts is worried about nuclear war with China and Russia. Dr. Roberts warns, “It’s clear Russia doesn’t want war. China doesn’t want war, but because of the recklessness of the Bush and Obama regimes, both China and Russia have been upgrading their strategic nuclear forces. Russia has not only been upgrading its nuclear forces very rapidly, but Russia has been running its strategic bombers into our airspace to test our reaction times. . . . What’s important is Washington has telegraphed to two major nuclear powers, Russia and China, that it intends to attack them, and that’s what the fools have done in Washington. All the threat of nuclear war had ended when Reagan and Gorbachev made their agreements, and now this fool in the White House has brought this threat back.”
Dr. Roberts also thinks the new retaliatory sanctions imposed by Russia on agricultural products from the West have countries, such as Germany, having second thoughts. Dr. Roberts says, “We now have . . . the main financial newspaper in Germany, it’s like the Wall Street Journal, come out with a very strong statement from the editor in chief and say that the direction that the United States was pushing things is contrary to common sense, and contrary to the interests of Germany. . . . Therefore, this is a break in the ranks, and this is probably the most important newspaper in Europe.”
On the speculation of Russia invading Ukraine, Dr. Roberts says, “I think the talk about Russia invading is the American military security complex, so they can beef up their budgets and have more taxpayer monies allocated to the military security complex. It’s propaganda. Dr. Roberts goes on to say, “Russia is not going to invade anyone, and I don’t think they are going turn off the gas, unless the Europeans allow themselves to be pressured again into further sanctions by Washington. If that happens, I think the Russians most likely will call up the European capitals and say look, you’re going to get your gas turned off if you don’t find your own independent foreign policy and deal with us like grownups.”
On the question of the economy failing, Dr. Roberts, who holds a PhD in economics, says, “Whatever blows, it has to be something the government can’t rig. The only way it could stop means the government can no longer rig it. It is such a huge pile of cards that if they can’t keep it rigged, a lot is coming down in a hurry.” So, what’s going to be the trigger? Roberts thinks it will be when the world abandons the U.S. dollar. How long can the economy be propped up? Dr. Roberts says “It will continue as long as it is tolerated. When will it cease to be tolerated? I think it will be when there is a general flight from the dollar. . . Once the general mood changes, and not just by gold investors, and people cease to hold dollars, then this won’t work. It will fail, and at that time, it will be almost impossible to get into gold. There just isn’t enough to absorb a major flight from a currency as large as the dollar. The dollar is just a huge currency.”
About the 4% GDP growth in 2nd quarter, Dr. Roberts says, “There is a lot of pressure on them because that can be a black swan event. You get a second negative quarter and you are talking about recession, and then you got people asking why are stocks so high? Then, people start bailing out of stocks, and since it’s rigged, you don’t know how big the crash will be. I don’t know if we can expect an honest (GDP) number. I do know that nothing has happened since the forces that produced the negative first quarter. There has been no growth in consumer incomes. There has been no growth in consumer credit. We see not only middle class stores like Sears, Macy’s and JC Penny’s being closed, but now we see it’s the dollar stores that are failing. That tells you people don’t even have enough money to keep the dollar stores in operation. So, where did 4% growth come from?”
In closing, Dr. Roberts says, “China and Russia are not a threat, but the United States and neo-conservatives say we are chosen by history as exceptional and indispensable, and we have a right and responsibility to establish our system over the world. This is the cause of all of these wars. It’s the cause of all of this antagonism against Russia because they are a rising power. How can you have hegemony if you have another rising power or two rising powers such as China and Russia? So, we have to knock down these rising powers. That’s what all the conflict is coming from. . . . They are creating an ideology that is endangering the whole world.” Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts.
(There is much, more in the hour long interview.)
After the Interview:
Dr. Roberts has written many books. Follow these links to check his latest two books , click here and here. Dr. Roberts is also a prolific writer on his free website called PaulCraigRoberts.org. If you would like to support his work, please go to his donations page by clicking here.