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Paul Craig Roberts: "The Whole Thing Is a Fraud"

05-23-2011 • Market-ticker.org

For those who don't know who this is, this is a former assistant Treasury Secretary under President Reagan and former editor of The Wall Street Journal. Among things he said: On what recourse for the ordinary people exists: "Overthrow the government .... and put these people in jail." (!) "(Would default be "catastrophic"? - Max) PCR: Catastrophic for who? The American bankers?" "We think we have democracy...... but where is the democracy?" He's also on the same page as I am with offshoring and its consequences. Call him a kook? Uh, maybe not. Take the 25 minutes. It's important.

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