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Paul Craig Roberts Talks Money Printing, Stocks, War Against Dollar, Ukraine, Iraq

Jack Thompson, Political Badger, Released on 8/13/14

Click Here to Listen to the Interview

“How can the stock market be up for any real reason? The reason it’s up is because the companies are buying back their own stocks – they’re the biggest purchasers of equities. Some of these companies are borrowing money from banks to buy their stocks, so their debt goes up, but not their investments to produce earnings to service the debt. I would think the stock market is vastly overvalued.”

“I think the weakest link is the dollar because it’s hard for them to rig the value of the dollar…I think the weak link is the dollar, and the policy of imposing sanctions tends to encourage people to get out of the dollar payment system…If that were to accelerate and start moving quicker, it would probably be more pressure on the dollar than they could support.”

Click Here to Listen to the Interview

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 and How America Was Lost: From 9/11 to the Police/Warfare State

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