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Paul Craig Roberts Interview - We have 3 Bubbles. Bond Bubble, Stock Bubble, Dollar Bubble. And they are going to POP!

"What you are looking at is a deregulated financial system, and the result was fraud, crisis and collapse. . . . The end result of financial deregulation is crony capitalism." Look no further than the continuing bank bailouts with massive money printing and zero percent interest rates as the reason for the coming catastrophe of spiking interest rates.


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The Global Financial Pyramid Scheme By The Numbers

If someone wants to make a new topic pointing to this article, go for it.

"Why is the global economy in so much trouble? How can so many people be so absolutely certain that the world financial system is going to crash? Well, the truth is that when you take a look at the cold, hard numbers it is not difficult to see why the global financial pyramid scheme is destined to fail. In the United States today, there is approximately 56 trillion dollars of total debt in our financial system, but there is only about 9 trillion dollars in our bank accounts. So you could take every single penny out of the banks, multiply it by six, and you still would not have enough money to pay off all of our debts. Overall, there is about 190 trillion dollars of total debt on the planet. But global GDP is only about 70 trillion dollars. And the total notional value of all derivatives around the globe is somewhere between 600 trillion and 1500 trillion dollars. So we have a gigantic problem on our hands. The global financial system is a very shaky house of cards that has been constructed on a foundation of debt, leverage and incredibly risky derivatives."

Well it isn't something we already know.

Kinda redundant.


Wow, this is an active site!

What a crock!

If government did not have a monopoly on the creation of money and permit its favored banking cartel to create as much money as they want----legally----Glass Steagal would not have been necessary.

Currently there are basically NO reserve requirements for financial institutions in creating up to 10 million dollars in a single transaction. Thank you Washington.

Also currently, try living without a bank account in one of these cartelized banking institutions. Unless your dirt poor and have no incoming checks, it ain't happening.

Failure of the free market...LMAO! Paul Craig Roberts just blew it in my mind.


He lost me about a year ago.