Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, sees trouble for the economy. Dr. Roberts explains, “This image of a strong stock market is based essentially on debt, borrowing and debt, money creation and debt. It’s a false signal that shows prosperity, and it’s not really there. . . . So, during a period of time when there has been no interest income on peoples’ savings in the form of bonds or CDs, there has also been no growth in Social Security income. So, the elderly, or the largest block of them, are hard pressed. The young come out of school with student debt and no good jobs. A large percentage can’t find sufficient employment to support an independent existence. They can’t possibly pay off the loans. So, wherever you look, you see a debt based system that’s running out of steam.”
Dr. Roberts, who holds a PhD in economics, says this is why retail is getting killed. Dr. Roberts contends, “A lot of people blame this on internet shopping and that people don’t want to be bothered to go to a mall. The mall experience is old and outdated, and they would rather sit in front of a computer and order online. This is the explanation people give who don’t want to see a problem. An alternative explanation is that people have run out of any discretionary income with which to purchase things. When you consider mortgage payments, car payments, credit card payments and food, there’s no money left to drive consumer discretionary spending.”
Dr. Roberts says the Federal Reserve basically prints money and intervenes in all markets to prop them up or, as in the case of gold and silver, hold prices down. Dr. Roberts says, “It looks like the whole system is rigged. People don’t understand this, and you can’t find any discussion about this in the financial press or in the economic profession. . . . Since the Fed has unlimited amounts of money, it can create endless amounts of money by pushing a computer button. They don’t have to worry about losses. So, they can support or rig all markets.”
https://www.youtube.com/watch?v=dTkmBKYRZc4
Source: Debt Based System Running Out of Steam -Paul Craig Roberts and Greg Hunter Video | Economy
Trihn Huynh – an attorney that specializes in Construction and works for UPS – was gunned down yesterday by a paid assassin and it was caught on camera.This means that the Assassin’s Eye Prints have been captured and the Atlanta Police have already identified him – but are not working to arrest him.
Conspiracy Daily Update 