Paul Craig Roberts, Max Keiser and PIR Tuesday Afternoon
Paul Craig Roberts – We Need Debt Jubilee or System Collapses
Greg Hunter: Apr 14, 2020
Former Assistant Treasury Secretary in the Reagan Administration Dr. Paul Craig Roberts says, “We need a debt jubilee. Debt jubilees were widely used in the ancient world. . . . .
Either the system goes into collapse or you write the debts down and you start over. . . . Again, either you paper it over again or you don’t succeed and everything blows up.” What about the rising gold price during this new round of bailouts?
Roberts says, “In the previous bailout, it did not affect the dollar. The question is this bailout, on top of the previous bailout, is it going to affect the dollar? Are people going to say, good heavens, do we really want to hold dollars when they are creating so many?
People are saying we don’t know how this is going to play out, but they can’t print gold, so let’s get into gold. . . . I don’t know how people are going to see this, but the enormous money creation, no doubt, worries some . . . . If they are successful in reflating the stock prices, then the problems with the dollar is over--for now. . . .
Again, bailing out debt with more debt is kicking the can down the road. How long can you kick it? We don’t know until we will find out you can’t kick it any further.” Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary and award winning journalist Dr. Paul Craig Roberts.
Keiser Report | Junk: Didn’t Think They’d Go There | E1527
Apr 14, 2020
In this episode of the Keiser Report, Max and Stacy look at how the US Federal Reserve Bank is now buying junk bonds in order to bailout private equity and hedge funds who have - once again - made a whole bunch of bad bets.
In the second half, Max interviews Mark Yusko of Morgan Creek Capital about the money printing from central banks in the face of pandemic and what lies ahead for the world economies as entire industries shutdown.
Patriot intel Report
PIR 04 15 20
The Economic Reset, Stimulus Checks, Q and more……..