Former US Treasury Official – Banks Move To Enslave Humanity
24 March 2013Today a former Assistant Secretary of the US Treasury spoke with King World News about the crisis in Cyprus and warned that banks are now moving to enslave humanity. Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also told KWN the people of Cyprus need to take to the streets and fight against this oppression. Below is what Dr. Roberts had to say in the second part of two extraordinary interviews which have been released today.
Eric King: “You talked about the Cypriot government standing up against the arm-twisting from the IMF and the ECB, if they stand strong and this starts to spread to other countries, what does that mean for the European Union?”
Dr. Roberts: “It saves it from being privatized by a handful of banks. So it would be a good thing. If the banks have to write down the loans, that’s what they are supposed to do. They are already damaged from buying all of the toxic Wall Street waste, all of the junk that we marketed to them.
So if they have to write down European sovereign debt on top of that, they may be damaged. But in that case the European Central Bank should focus directly on saving the banks, and not on destroying democracy in order to have power concentrated in the EU.
You see this crisis is being used by the EU bureaucracy in Brussels to destroy the financial sovereignty of the individual countries….
“That’s what this is all about. They are saying, ‘We can’t trust you with the euro because you create too much debt. So we’re going to decide your budget, your tax policies, and your spending policies.’
Trichet, the (former) head of the European Central Bank, he made this clear in all of his public speeches that this is where it was going. So what you see is the whole bailout, at the expense of the public, the purpose is to destroy the sovereignty of the individual members, and to concentrate the power in Brussels and in the private banks.
It’s the same here (in the US). Who runs the Treasury? Who runs the financial regulatory agencies? Who runs the Fed? It’s all of the executives of the banks that are ‘too big to fail.’ That’s exactly who they are. So the various CEO’s who got the banks in trouble are now running economic policy in the United States. That’s essentially where it is headed in Europe.”
Eric King: “What are your thoughts when you see this kind of government theft?”
Dr. Roberts: “Well, if they get away with it, if the people accept it, they are being reenserfed (or enslaved). People are becoming serfs again. They exist for the purposes of that state.
So I’m all in favor of the Cypriots to take to the streets, and to whatever level of violence they need take it to. Democracy is a human achievement. It took centuries. So why should we just let it go away because there is a banking crisis?”
Dr. Roberts also added: “The Russians may simply say, ‘It’s our money that they are after. Back off.’ You can’t predict how the Russians may respond.”
Here is the link to
Part I of the extraordinary Dr. Paul Craig Roberts written interview. The written portion above is just a small part of this tremendous interview with Dr. Roberts where he discusses the Cyprus crisis, the increasingly desperate situation the West faces going forward, and much more.
Here is the link to
Part II of the written interview
In addition to the two written interviews which have been released today, the KWN audio interview with Dr. Roberts will also be available later today and you can listen to it by
CLICKING HERE
Bio of Dr. Paul Craig Roberts - Economist, Co-Founder of Reaganomics & Acclaimed Author
Dr. Roberts (born April 3, 1939) is an American economist, a columnist for Creators Syndicate and recent author of “The Failure Of Laissaz Faire Capitalism”. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service who has testified before congressional committees on 30 occasions on issues of economic policy. Roberts has written extensively that during the 21st century the Bush and Obama administrations have destroyed the US Constitution's protections of Americans' civil liberties, such as habeas corpus and due process in the name of "the war on terror." Roberts has been a critic of both Democratic and Republican administrations
Roberts is a graduate of the Georgia Institute of Technology and holds a Ph.D. from the University of Virginia. He was a post-graduate at the University of California, Berkeley and at Merton College, Oxford University. His first scholarly article (Classica et Mediaevalia) was a reformulation of "The Pirenne Thesis."
In Alienation and the Soviet Economy (1971), Roberts explained the Soviet economy as the outcome of a struggle between inordinate aspirations and a refractory reality. He argued that the Soviet economy was not centrally planned, but that its institutions, such as material supply, reflected the original Marxist aspirations to establish a non-market mode of production. In Marx's Theory of Exchange (1973), Roberts argued that Marx was an organizational theorist whose materialist conception of history ruled out good will as an effective force for change.
From 1975 to 1978, Roberts served on the congressional staff. As economic counsel to Congressman Jack Kemp he drafted the Kemp-Roth bill (which became the Economic Recovery Tax Act of 1981) and played a leading role in developing bipartisan support for a supply-side economic policy. His influential 1978 article for Harper's, while economic counsel to Senator Orrin Hatch, had Wall Street Journal editor Robert L. Bartley give him an editorial slot, which he had until 1980. He was a senior fellow in political economy at the Center for Strategic and International Studies, then part of Georgetown University.
From early 1981 to January 1982 he served as Assistant Secretary of the Treasury for Economic Policy. President Ronald Reagan and Treasury Secretary Donald Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "outstanding contributions to the formulation of United States economic policy." Roberts resigned in January 1982 to become the first occupant of the William E. Simon Chair for Economic Policy at the Center for Strategic and International Studies, then part of Georgetown University. He held this position until 1993. He went on to write The Supply-Side Revolution (1984), in which he explained the reformulation of macroeconomic theory and policy that he had helped to create.
He was a Distinguished Fellow at the Cato Institute from 1993 to 1996. He was a Senior Research Fellow at the Hoover Institution.
In The New Color Line (1995), Roberts argued that the Civil Rights Act was subverted by the bureaucrats who applied it and, by being used to create status-based privileges, became a threat to the Fourteenth Amendment in whose name it was passed. In The Tyranny of Good Intentions (2000), Roberts documented what he saw as the erosion of the Blackstonian legal principles that ensure that law is a shield of the innocent and not a weapon in the hands of government.