Interview Paul Craig Roberts: Paul Craig Roberts on the beach with Hanne Herland

Interview Paul Craig Roberts: Everything accomplished during the Depression to make capitalism workable, has been taken away

 

Interview Paul Craig Roberts: Herland Report TV host, Hanne Herland speaks to Paul Craig Roberts about financial crisis, debt in America and problems with the Central Bank system.  

Everything that was accomplished during the Depression, to make capitalism workable, has been taken away.

“How is it that when we have a debt crisis, we want to create more debt? The reason seems to be that the purpose of a Central Bank is to serve a handful of big banks, which they call “banks too big to fail,” says Dr. Paul Craig Roberts.

He is chairman of The Institute for Political Economy, former editor of Wall Street Journal, a well-known author of many books and a regular at The Herland Report.

“The Central Banks created a Frankenstein financial monster and we couldn’t let it fail. They keep throwing out money, money, money. And now we are doing it again.”

 

Dr. Roberts is widely known as one of the West’s most important intellectuals. He is a regular contributor to The Herland Report TV. The programs with Dr. Roberts may be viewed here: Program 1: Neo-Con Totalitarianism, program 2: Totalitarianism in the West, program 3: The Washington Tyranny, program 4: The Hatred of the White, Hetero Male.

Program 5: Financial Crisis Looming, program 6: The Shocking Truth about Trump and the Media, program 7: The Enslavement of the Working Class.

Exclusive shorts: The role of Putin, also watch Trump and the Deep State and White, hetero males are defenseless as well as Shutdown of Free Speech.

 

 

Interview Paul Craig Roberts continues: “The reason they are too big to fail is because the Central Banks were supposed to be their regulators.”

“They have failed in their job and allowed massive mergers in the creations of these monstered financial organizations which are so large, that if they do fail, it has such horrendous effects on everybody else that we say we can’t let them fail.”

“The Central Banks created a Frankenstein financial monster and we couldn’t let it fail. They keep throwing out money, money, money. And now we are doing it again.”

“Where does this money go? Very little of it goes into the economy. It’s going into the prices of financial assets.”

 

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Central Banks have failed in their job and allowed massive mergers in the creations of monstered financial organizations so large, that if they do fail, it has such horrendous effects on everybody else that we say we can’t let them fail.

“We then have, in the US, these massive stock prices, incredible price earning ratios. Bond prices are so high that the interest rates essentially are negative.”

“You’ve got bubbles everywhere, but they can’t stop the bubble. Because if they do that then the whole thing blows up.”

“Most people who look at this expect a crisis. Yet, in the short run it pays to be in the market because the Fed putting out money and the money goes into the stocks and up go the prices.”

“Or, the Federal Reserve are lending money to businesses who use the money to buy their own stock which pushes up the prices.”

“So, you have the consequence of deregulation. The consequence of this belief that Alan Greenspan claimed that markets were self-regulating. They clearly are not!”

“Everything that was accomplished during the Depression, to make capitalism workable, has been taken away. Now we are sitting here, if you’re not in the stock market, it’s a mistake because it keeps going up.”

 

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Interview Paul Craig Roberts:  The Herland Report is a Scandinavian news site, TV channel on YouTube and Podcasts reaching millions yearly. Founded by historian and author, Hanne Nabintu Herland, it is a great place to watch interviews and read the work of leading intellectuals, thought leaders, authors and activists from across the political spectrum. Herland is a Scandinavian historian of comparative religions, bestselling author, commentator and TV producer, known from the media for sharp analysis and fearless speech. She was born and raised in Africa, has lived in Europe, South America, in the Middle East, and travelled extensively in Asia. 

 

The Herland Report is a Scandinavian news site, TV channel on YouTube and Podcasts reaching millions yearly.

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Hanne Herland with Dr. Paul Craig Roberts.

Founded by historian and author, Hanne Nabintu Herland, it is a great place to watch interviews and read the work of leading intellectuals, thought leaders, authors and activists from across the political spectrum.

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The Herland Report offers Independent Cultural Analysis and believes in freedom of speech. Its editorial policy resides above the traditional Left vs Right paradigm which we believe has lost its relevance and ability to describe the current driving forces in Western politics.

The Herland Report is founded by Hanne Nabintu Herland, a Scandinavian historian of comparative religions, bestselling author, commentator and TV producer, known from the media for sharp analysis and fearless speech. She was born and raised in Africa, has lived in Europe, South America, in the Middle East, and travelled extensively in Asia.

 

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Bestselling author, Hanne Herland new book New Left Tyranny

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