Coffee And A Mike, Releasaed on 4/16/24
He talks his recent 3 part series “The Great Dispossession,” Israel/Iran, Putin slow walking Ukraine, court hearings for Trump and much more.
Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on issues of economic policy. He has penned a dozen books, most recently The Failure of Laissez Faire Capitalism
Paul Craig Roberts: People Don’t Realize They Don’t Have Rights added by Herman James on
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Putin isn’t there or acting like he should be controlling the world. That’s American global-policing ideology. It’s also in the spirit of the Fathers of the US Constitution. Putin’s acting as he wants the world to act. He’s leading by example.
F around and find out.
I don’t think PCR has stood up to bullies while knowing he can hand the bully his butt at any time. That’s where Putin is, imo.
Nothing Roberts is saying makes any sense! I am aware of how bank bail ins are supposed to work, but, if your account is below the $250,000 limit you will be covered by FDIC insurance, Sure…the FDIC doesn’t have enough money to cover all accounts if a number of large banks fail, but, the government will just “print” more to cover it and you will still have the same nominal value of your funds, albeit worth a lot less. But even if you kept your savings “safe” under the mattress they will still be depreciated…no difference. The only way to avoid the loss of purchasing power would be to put ALL of your wealth into gold….and hope that it is not declared illegal and confiscated again, a risky bet.
Next, If the super wealthy are also going to lose all of their assets, where is this wealth going to go. Has to go somewhere. People often say that so called paper assets like stocks and bonds are worthless. Not true, stocks for example represent of a portion of a real asset. So where does the value of these assets go, and, if the super rich are going to lose everything also then exactly who payed off the lawmakers to change the rules to where they are now. If the billionaires of the world are at risk of losing everything, surely their lackey politicians who write the laws are in the same boat. If you analyze what is being said it makes no sense whatsoever!
I am personally tired of all of the fear mongering. The rich lose, the poor lose, businesses lose, the political class loses…nobody wins. The world doesn’t work that way! If Roberts could account for who it is that actually benefits from all this and caused the laws to be changed then maybe what he is saying would hold water. Until then, what he is spouting is just nonsense in my opinion!