Dr. Paul Craig Roberts says, “The Federal Reserve’s policies are irresponsible and reckless.” They put four or five banks ahead of the entire American population. They are going to save them if they have to drive the rest of the American population into the ground.”
As far as Russia and other countries doing more and more business outside of the dollar, Dr. Roberts says this too can spark very big inflation in a short amount of time. Dr. Roberts says, “Prices can go up hundreds of times . . . in a short amount of time. It depends on the amount of fear or the extent people leave the dollar and give up on it. This is why the Federal Reserve is so irresponsible.” So, are the Fed and Obama Administration trying to crash the dollar on purpose? Dr. Roberts says, “No, they are just stupid and arrogant. . . . If you add up the IQ of the White House and you add up the IQ of the Fed and multiply it by a thousand trillion, it might equal 50. These are stupid policies designed to completely destroy the U.S. dollar. . . . I don’t think the United States can win the war against gold.”
Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary, Dr. Paul Craig Roberts.