Today a former US Treasury Official told King World News that central planners are driving the financial system into collapse as an excuse to increase the police state and create more wars. Dr. Paul Craig Roberts also spoke about gold and the ongoing currency wars. Below is what Dr. Roberts had to say in part III of his extraordinary series of written interviews which have now been released.
Eric King: “Dr. Roberts, when you look at the phony reports coming out and you see this artificial suppression of gold and silver, this desperation as you call it, where does that have us headed going forward? What do you see happening in the future?”
Dr. Roberts: “Well, there is obviously going to be a big blow up. We have the three biggest bubbles in human history: The stock market bubble, the bond market bubble, and the dollar bubble.
If the dollar were to drop sharply in its exchange value, the prices of imports would rise. But the incomes of the people are not rising. The won’t be able to keep up with the price rises, and you’ve already got a large percentage of the population now (one in six) on food stamps….
“They can barely get by as it is, so if they are faced with a sharp increase in inflation what do they do? These kinds of problems should be foremost in getting attention, instead of the false claims that Syria is using chemical weapons. In other words they just want to go to war. They want more wars. They want more (of a) police state.