Today
King World News spoke with the man who former President Ronald Reagan
called upon to help save the United States when the U.S. was in the
midst of the 1980 panic. Dr. Paul Craig Roberts gives a portion of his
fascinating predictions for 2015 below and also issued the ominous
warning that the West could collapse at any time.
Eric King: “Dr. Roberts, what are your predictions for 2015? What surprises are in front of us next year?”
Dr. Roberts: “At
any time the Western house of cards could collapse. It (the financial
system) is a house of cards. There are no economic fundamentals that
support stock prices — the Dow Jones. There are no economic
fundamentals that support the strong dollar….
"To
have a bond market in which the purchasers of bonds have to pay a fee
in order to have a negative real interest rate makes no sense. When you
buy a bond you are automatically getting back less than you paid for
it. What sense does that make when the United States' debt is exploding
and when the money supply is exploding? It makes no sense at all. No
American markets make any sense — they’re (all) rigged.
I
think (in 2015) the world will start to see the realignment of power as
it drifts away from the West toward Russia, China, India, the BRICs,
and the states who ally with them such as South American countries who
are tired of American imperialism. You will see a shift in the balance
of power that will be unfavorable to Washington.”
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