Paul Craig Roberts: “US Government Most Corrupt
on Earth”
This is a spectacular interview. To me, Roberts seems to be taking his revelations to a new level. His interview is such an insightful and compelling indictment of the US 'government' that it might be good enough to get Roberts killed.
video 00:38:54
US 'GOVERNMENT' THE MOST CORRUPT ON EARTH
https://www.youtube.com/watch?feature=player_embedded&v=SRrNs4mlHMA
Published on Dec 16, 2014
On the teetering economy and possible
economic collapse, former Assistant Treasury Secretary Dr. Paul Craig Roberts
says, “We know something serious is wrong. The
only provision of Dodd-Frank that has any teeth is the provision that says if
the big banks are going to be casinos and gamble on derivatives, they cannot do
that in the depository institution where depositors have their accounts. They
have to farm it out into subsidiaries. So, if the subsidiaries get into
trouble, the subsidiaries have no access to depositor’s money. This is the only
real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of this, so banks can gamble on derivatives, and taxpayers and depositors are on the hook for the losses. Why would you do that unless you had a lot of derivatives trouble. It could easily be the oil derivatives. . . .
The banks can gamble all they want and they are covered by the FDIC, which has no money. . . . This gives the banks access to depositor’s money. . . . This is sick, and it shows the United States government is the most corrupt government on earth, far more corrupt than Russia or China.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist Dr. Paul Craig Roberts.
http://usawatchdog.com/is-ruble-colla...
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