Paul Craig Roberts – Is Belgium Part Of A U.S. Scheme?
April 16, 2014
Today former US Treasury official, Dr. Paul Craig Roberts, spoke with King World News about the unusual purchases being made by Belgium in the U.S. Treasury market. Dr. Roberts also discussed how other countries may be asked to get involved in this scheme. Below is what Dr. Roberts had to say in this powerful interview.
Eric King: “Dr. Roberts, we have seen the little country of Belgium add to its purchases of U.S. debt to another all-time record level. Belgium now holds $341 billion of U.S. Treasury debt. This is a country that at one point went over 530 days without a fully functioning government.”
Dr. Roberts: “Keep two things in mind: One, there isn’t anywhere where investors can get any yield. I saw the other day where Greek junk bonds were only paying 4.7%. So the excuse they will use is to say, ‘We don’t want to experience any significant losses, which could happen if we buy the Greek bonds.’….