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Economic Collapse Is At Hand

Nikola Tesla

User ID: 11603862
United States
06/05/2012 12:07 PM

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Economic Collapse Is At Hand
So says the esteemed Paul Craig Roberts.

"US banks’ derivative bets of $230 trillion, concentrated in five banks, are 15.3 times larger than the US GDP. A failed political system that allows unregulated banks to place uncovered bets 15 times larger than the US economy is a system that is headed for catastrophic failure. As the word spreads of the fantastic lack of judgment in the American political and financial systems, the catastrophe in waiting will become a reality".

Link to Paul Craig Roberts article:

[link to www.degaray.com]

Regarding Paul Craig Roberts:

"Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His Internet columns have attracted a worldwide following".

Fasten your seat belts and get ready for the ride of your life!

"One person with courage is a majority." - Thomas Jefferson

"You’ve heard that we are what we eat. But we also are what we think".

“Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views."
-William F. Buckley Jr.