Greg Hunter interviews Dr. Paul Craig Roberts, PhD in economics and former Assistant Treasury Secretary, to get his opinion and insight into the U.S. and global economy. Dr. Roberts' advice is not to be in debt.
Topics:
- IMF warning about profits at systemically important global big banks, Citibank, Barclays, and Deutsche Bank to name a few -- Banks are basically gambling by creating all kinds of derivative instruments instead of lending (0:30);
- IMF worried about the banks making a bad bet -- derivatives on currencies, student loans, car loans, mortgages, essentially everything (5:48);
- Money managers getting nervous about the markets (12:20);
- Are you invested in the stock market? -- Neither the stock market nor bond market (16:08);
- Are you in gold and silver? -- No one knows what to do -- watch the Federal Reserve's (central bank) actions (16:29);
- Consequences for ordinary people (21:17);
- Looming catastrophe haning over our heads -- produced by central banks -- nothing in the real economy to support these asset values (23:10);
- What about Black Swan events like North Korea? (24:24);
- The only thing that would stop the Federal Reserve to the liquidity would be if the U.S. dollar fell under attack -- Watch the U.S. dollar (29:50);
- A messy financial situation (30:58);
- What should the normal person do? -- Get out of debt -- millions of Americans only paying the minimum payment or interest only (31:56);
- Policy makers are no longer focused on helping the people, they are focused on helping the banks -- pointless to talk about free markets (35:45);
- And more...
39 minute video by Greg Hunter published 17 October 2017
Link Associated with this Interview
USAWatchDog Article: Looming Catastrophe Hanging Over Our Heads – Paul Craig Roberts
Source:
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