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Dr. Paul Craig Roberts: U.S. Headed For Nuclear War With Russia – Dave Kranzler

Wednesday, March 25, 2015 13:24

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(Before It's News)

TND Guest Contributor: Dave Kranzler |

History tells us that the economic collapse of a great Empire and the shift of world power culminates with a globalized military conflict. Of course, notwithstanding the relatively light “suitcase” nukes Truman plunked on Japan, the collapse of the U.S. economic and political system will be the first period in history when several country possess enough nuclear weapons to turn the entire earth into a radioactive cesspool.

Paul Craig Roberts did a must-read interview with “The Saker.” I highly recommend taking the time to read it. I’ve had several opportunities to chat with Dr. Roberts one and one in private and I can say with conviction that this is PCR at his best:

The US economy is hollowed out. There has been no real median family income growth for decades. Alan Greenspan as Fed Chairman used an expansion of consumer credit to take the place of the missing growth in consumer income, but the population is now too indebted to take on more. So there is nothing to drive the economy. So many manufacturing and tradable professional service jobs such as software engineering have been moved offshore that the middle class has shrunk. University graduates cannot get jobs that support an independent existence. So they can’t form households, buy houses, appliances and home furnishings. The government produces low inflation measures by not measuring inflation and low unemployment rates by not measuring unemployment. The financial markets are rigged, and gold is driven down despite rising demand by selling uncovered shorts in the futures market. It is a house of cards that has stood longer than I thought possible. Apparently, the house of cards can stand until the rest of the world ceases to hold the US dollar as reserves.

LINK: Does Washington Intend War With Russia – PCR Interviewed By The Saker

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.