explained by Paul Craig Roberts, Ph.D
Interview conducted on 22 March 2013. Full spectrum discussion of economic mass collapse. This lecture explains the three bubbles (stock, bond and dollar) & economic dissolution on the West.
This is not about banging away with charts and investment “recommendations.” People who follow Dent, Cramer and the other boys in the band go broke in six months, if they are REALLY good.
Alex Jones is the original interviewer of Paul Craig Roberts. Greg Hunter has become a top resource and even King World News has joined in during 2013. Are you confused? Expect to be more confused. State Run News presents “facts” that do not match your real life economic experiences. Who you going to believe, the Government or Your lying eyes?
Jim Sinclair, Paul Craig Roberts, Jim Willie and Catherine Austin Fitts teach everything you need to know. Taking action, that is up to you.
We read it first on JSMineset.
I call it “The Big Kaput.”
The three phases between 2008 and 2020 are:
1. The Great Flushing, (Lehman Brothers, Cyprus, Poland, Ireland retirement confiscation…)
2. The Great Leveling, (Demise of the Western World economic Middle Class.)
Learn what the term “bail-in” means as it will affect you possible in 2015, certainly by 2017. All retirement plan balances are around $17 Trillion which happens to offset the publicly acknowledged current value Federal debt. Got that?
3. The Great Reset, (The implementation of a new currency, described as the “Euro R4 Standard.”)
Learn about ways to GOTS (Get Outta The System!)
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’
— Ayn Rand