Paul Craig Roberts: US is Completely Busted, Non-Delivery of Gold-Crash the System,

[Serpo]

Published on Mar 11, 2014
http://usawatchdog.com/united-states-... (http://usawatchdog.com/united-states-definitely-wants-war-in-ukraine-paul-craig-roberts/) - 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."

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://goldsilver.com/news/paul-craig-roberts-u-s-is-completely-busted-non-delivery-of-gold-crash-the-system-war-in-ukraine/



http://www.youtube.com/watch?v=AhxZxL56B00http://www.youtube.com/watch?v=AhxZxL56B00

[Sparky]

Mr. Roberts doesn't seem to understand how the system work. If the Chinese decide to buy 100 tons of gold, they will be told that they will receive their gold in increments over the next 10 years. The Germans couldn't even get gold that they already own, and it didn't crash the system.

[Serpo]

Mr. Roberts doesn't seem to understand how the system work. If the Chinese decide to buy 100 tons of gold, they will be told that they will receive their gold in increments over the next 10 years. The Germans couldn't even get gold that they already own, and it didn't crash the system.


Its a broad interview ,lot of Ukraine stuff

[Sparky]

I guess I've grown weary of dire warnings of an imminent systemic crash. The system is f***'d up for sure, but none of us knows exactly how or when it's going to play out. In his defense, it is good to hear supporting arguments that we are correct in assuming the system is f***'d up, in spite of no system crash, a stock market near record high prices, and gold still selling for 30% less than its peak price.

[Uncle Salty]

Just raise the price of gold to $50,000 and problem solved. Lots of gold at that price.

Get rid of paper gold and don't allow gold to be lent. Problem solved.

Call it Freegold...and carry on!

[mick silver]

Chinese can buy gold any were in the world with all the paper they have from the usa for now . i dont think we could fill a order for a ton right now

[Horn]

I guess I've grown weary of dire warnings of an imminent systemic crash. The system is f***'d up for sure, but none of us knows exactly how or when it's going to play out. In his defense, it is good to hear supporting arguments that we are correct in assuming the system is f***'d up, in spite of no system crash, a stock market near record high prices, and gold still selling for 30% less than its peak price.

I think Paul Craig's echos your sentiments well in the video.