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.... 

Continue reading the Dr. Paul Craig Roberts interview below...


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“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.  In addition to the two written interviews which have been released today, the KWN audio interview with Dr. Roberts is available now and you can listen to it by CLICKING HERE.

The interviews with Dr. Paul Craig Roberts, Gerald Celente, Michael Pento, Nigel Farage, Eric Sprott, Egon von Greyerz, Rob Arnott, James Turk, Jim Sinclair, and Andrew Maguire are available now.  Also, be sure to listen to the other recent KWN interviews which included Marc Faber, Felix Zulauf and Art Cashin by CLICKING HERE.

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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