Thursday
Sep242009
Dr. Paul Craig Roberts: How Do You Finance $2 Tillion Deficits As Far As The Eye Can See?
Former Assistant Treasury Secretary under Ronald Reagan, Roberts and Alex Jones discuss the debt and dollar crisis that every day grows more destructive. The Fed monetizes the debt with a few keystrokes and trillions in magic credit, yet they can't slow the destructive tide of deflation. You would not be correct to assume that Dr. Roberts is amused by the situation.
Roberts with Alex Jones.
Thank you!
Reader Comments (10)
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/22/AR2009092203737.html
http://blogs.reuters.com/commentaries/2009/09/22/time-to-junk-aig/
http://www.nytimes.com/2009/09/23/your-money/credit-and-debit-cards/23credit.html?_r=2&hp
http://www.mediaite.com/tv/jon-stewart-nudges-thin-skinned-and-superficial-media/
http://jalopnik.com/5365954/ten-most-exotic-cars-destroyed-by-cash-for-clunkers/gallery/?selectedImage=9
This is worth your time...
http://www.businessinsider.com/madoffs-victims-want-their-fake-returns-paid-back-2009-9
Then as he goes out the doors, he turns and tells the store employees "The 'cop de grace' [sic] is coming, smiley-face slaves. You're like the people who supported the Nazi's and you will pay." But the best part is when one of the bemused employees says "Have a nice day" and Alex shouts back, "You have a nice day, too -- BOOT LICKER!" (This is all in the last 20 seconds of the clip. HIlarious.)
http://www.youtube.com/watch?v=44KE-5aG7ME
That Jones clip was hilarious...