Former US Treasury Official – Threats, Cyprus & Massive Crisis
March 22, 2013
Today a former Assistant Secretary of the US Treasury spoke with King World News about what he warned is “The biggest crisis.” Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also told KWN that government leaders in Cyprus are now being actively intimidated by the West. This is taking place on the heels of a terrible defeat at the hands of Putin, and the deadly Russian ex-KGB agents. Below is what Dr. Roberts had to say in the first of two extraordinary interviews that will be released today.
Eric King: “I have to ask you about Cyprus and what’s happening over there, the chaos that’s developing. Your thoughts?”
Dr. Roberts: “What we are seeing, as in Greece, is the response to the effort to make the public responsible for the mistake of private banks. In Greece they forced the people to have wages cut, pensions cut, social services cut, public assets sold off, in order to cover the losses of banks.
In Cyprus they are trying to make the depositors in the banks bear the burden of the adjustment. In other words, the whole EU approach is to save the banks from their mistakes and impose the cost on the public. So in Cyprus the Parliament refused to vote for it. What’s happening right now is their arms are being twisted….