Paul Craig Roberts – Putin’s Ultimate Move To Crush The EU And NATO | King World News
As fighting in Ukraine continues to intensify, today former U.S. Treasury official, Dr. Paul Craig Roberts, spoke with King World News about Putin’s ultimate move to crush the EU and NATO. He also warned that the West may be handing the keys to victory to China and Russia.
Dr. Roberts: “Eric, right now there are a great many things in the financial system that can blow up but the real blow up is going to require flight from the dollar and the euro. Once that happens, they can’t bail out the banks, the derivatives or the sovereign bonds.
In the short-term, while they can still print money, they can keep this rigged system standing. But the minute the value of both the dollar and the euro start collapsing, that’s when the game is over. Both of these currencies have increased in quantity far beyond the ability of the underlying economies to provide goods and services. When the flight comes there will be no way to stave off the instabilities that currently exist in the system.…