Tuesday, April 5, 2011

An American patriot speaks out

Paul Craig Roberts is in pain:
"... The obscene wars of aggression, the obscene profits of the offshoring corporations, and the obscene bailouts of the rich financial gangsters have left the American public with annual budget deficits of approximately $1.5 trillion. These deficits are being covered by printing money. Sooner or later, the printing presses will cause the US dollar to collapse and domestic inflation to explode. Social Security benefits will be wiped out by inflation rising more rapidly than the cost-of-living adjustments. If America survives, no one will be left but the mega-rich. Unless there is a violent revolution.
Alternatively, if the Federal Reserve puts the brake on monetary expansion, interest rates will rise, sending the economy into a deeper depression..."
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Comment: Along with Ron Paul, Paul Craig Roberts is the most honest American patriot I can think of. Both of them are in despair, both of them haven't yet given up. Good so.

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