by ICIC.LAW [8-29-2023 recorded].
(I learned a lot from this discussion about the financial system, central banks, politics, and many other issues that directly affect our lives. For example, creating money for real productive purposes is a lot different than just printing money. Backing the $dollar with gold doesn't accomplish anything when the created dollars aren't used for productive purposes. There is a lot of wisdom & understanding about how things work if you pay close attention to the discussion. — RAD)
Paul Craig Roberts was Deputy Treasury Secretary in the Reagan administration, where he co-founded the administration's economic policy program.
As a publicist, he was an associate editor and columnist of the Wall Street Journal, among other publications.
In his book The Failure of Laissez-Faire Capitalism and the Economic Erosion of the West (2012), he analyzed and criticized the neoliberal economic policies that he believed led to the 2008 financial crisis.
He also criticized the War on Terror, which had primarily curtailed civil liberties under the Constitution, as well as the War on Drugs and Israel's policies in the Israeli-Palestinian conflict.
In this episode of ICIC, Dr. Reiner Fuellmich and co-host Attorney Dagmar Schön talk to Paul Craig Roberts, an economist and publicist, economic advisor to former U.S. President Ronald Reagan and then U.S. Assistant Secretary of the Treasury for Economic Policy, about the current disastrous situation of global financial and economic policy with its devastating, destructive effects worldwide. He explains how and why this state of affairs could come about and who benefits from it and is responsible for what he sees as the deliberate planning and promotion of the demise of entire economies.
Roberts recounts his experiences, and which presidents of the U.S. sought policies for the people, rather than destructive and self-interested ones, and why they had no chance of tangible success with them, except for Reagan, who ended stagflation in America and the Cold War. He explains how monetary systems work and details the historical background culminating in an insatiable greed for profit by the U.S. to strengthen its supremacy, as well as the power of the petrodollar as the most powerful means of payment for global trade.
Looking at current world events, he explains why the U.S. failed to perceive the emergence of the powerful economic and trade community of the BRICS countries, which are now in the process of destroying the supremacy of the petrodollar. In his opinion, the arrogance of the United States has put the country into a hopeless situation from which it can no longer get out of very easily using its fiat money system, and simply printing money out of thin air.
At the same time, however, this means that the USA and its European puppet states must resort to ever more vicious crimes against humanity in order to secure their existence. Paul Craig Roberts is convinced that any means will do, since they do not even shrink from assassinations of popularly elected presidents at home and abroad, from electoral fraud, from terrorist attacks such as the 9/11, assassinations, creating a pandemic, or provoking Russia. Roberts warns that people must comprehend these things and realise that they are literally fighting for their lives right now.