Former US Treasury Official – Terrifying US Collapse Ahead
September 20, 2013
Today a former US Treasury Official warned King World News that the U.S. is now headed toward a terrifying collapse. He also cautioned that, despite mainstream media propaganda, the Fed and other Western central planners are now desperately trying to keep the current financial system from imploding. This is without question one of the most powerful interviews Dr. Paul Craig Roberts has ever done.
Eric King: “Obviously the big news this week, Dr. Roberts, was the Fed and how they shocked the financial markets with no tapering. Your thoughts?”
Dr. Roberts: “Here’s the situation for the Fed: All of the markets, and the solvency of the big banks, are totally dependent on the Fed buying the bonds. If they don’t buy the bonds, then the interest rates are going to rise, the prices of all debt-related instruments are going to go down, the insolvency of the banks again reappears, the bond market collapses, and the stock market collapses….