Wednesday, January 23, 2008

Top Economist Warns Of "Serious Breakdown" In World Financial System

" ... Father of Reaganomics and former editor of the Wall Street Journal Paul Craig Roberts today warned that the Fed's shock 75 basis points interest rate cut would only succeed in putting average families through the ringer and could even portend the collapse of the dollar as the world reserve currency.

Speaking on The Alex Jones Show, Roberts said that average hard working families, and not money casino cowboy shareholders, would be the biggest victims of the latest downturn as a recession looms on the back of the surprise rate cut. ... "

~ Link ~

 

Posted by Peacedream

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