Former U.S. Treasury Official:
U.S. To Experience Total Collapse
"The U.S. deficit projections .. will show a larger deficit projection than Congress faced the last time they refused to deal with the issue .. The real danger is the whole world looks at this and says, 'The Americans are printing up 1,000 billion (one trillion) new dollars every year to bail out the banks and to finance their current operating deficit, and there doesn't seem to be any end to this. There is no resolution and the deficit is worsening.' .. By refusing to realize the severity of the situation, and by pushing it off in the future, it's now harder than ever to deal with. And if you think the Congress has the kind of intelligence and leadership to deal with this problem, you're mistaken .. I think the country is facing a series of shocks .. This is a tremendous blow to everything that is said, from economic policy, to every statement that will come out of the Federal Reserve, and the U.S. Treasury .. I think the results of the toll will fall on the United States and Europe. So it will be Western civilization which is simply moved aside, and is no longer the #1 arbiter and decision-maker in the world .. The countries in the West have brought failure to themselves. They, the United States and Europe, are going to become 2nd world, and 3rd world countries."
- Former U.S. Treasury Official Dr. Paul Craig Roberts
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