Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
– Paul Craig Roberts – Russia To Unleash Ultimate Black Swan Against The West (King World News, Dec 20, 2014):
Today Dr. Paul Craig Roberts warned King World News that the Russians are going to unleash what he called the “ultimate black swan” against the West. Dr. Roberts also discussed how a terrifying series of events would then bring the Western financial system to it knees as the banking system completely collapses.
Dr. Roberts: “I was listening to the news today and there were all these self-righteous people just happy as all get out that they had finally stomped Russia into the ground and ‘Russia is now finished,’ and Russia was broken and ‘would soon be an American vassal state where it belongs.’ And I was listening to this rot and got to thinking, ‘How can people be so utterly stupid?’ But they are, and they are just as stupid in Washington.
…
I can agree with what I hear here in West-EU. Thinking that Ruble collapsed because of the sanctions and that the russians are economically inferior to the EU/USA. Never hear anytihing against the Ukrain except that corruption is widely spread overthere. We do have lobbygroups but not corruption. Usually the bell will ring then.
The black swan was born in Spring, 2010 in VZ. Hugo Chavez established the first electronic currency, the Sucre, for his small association of 12 tiny states, including Cuba. Their total GDP was so small, it flew under greedy US radar.
Member nations were enabled to trade with each other, using their own currencies, leaving the dollar out. The Sucre translated the value of each currency at the time of transaction, making the need for any world reserve currency obsolete.
Russia and China watched closely, and adopted the same system for themselves, establishing a trade agreement between each other, using their own currencies, leaving the dollar out. They went on to recruit much of the world, starting with Turkey, Iran, much of the emerging African nations including South Africa. They went on to add much of South and central America, India, Japan, Switzerland, Canada, Qatar and more.
In 2010, 100% of all international trades were completed in dollars. Today, it is less than 30%, and falling fast. Some black swan, and it has done most of its work.
The only entity still using the dollar is the EU. Now that Germany is demanding US war criminals face a world court for their horrible crimes…….it tells me we are losing the EU next. Once we lose the EU, the dollar will collapse, and the Black Swan will have completed its task.
OPEC’s behavior over three weeks ago essentially kicked the Petrodollar to the curb…….refusal to slow production at US request is one more example of how hated the US has become. The US is the #1 producer of oil in the world, and the fall in prices has hurt it, not Russia, as US propaganda claims.