In 1981, former President Ronald Reagan appointed him as Assistant Secretary of the Treasury for Economic Policy. The picture shows Dr. Paul Craig Roberts in front of a portrait of Alexander Hamilton, the first Secretary of the U.S. Treasury. This spirit would exist no longer in his country. The United States would be in the midst of a transformation process to turn into a lawless police state, while vested interests and their lobbies cannibalized the country. It was an honour and a great pleasure to talk with Dr. Paul Craig Roberts about the state of the nation, the current development of the U.S. economy as well as the situation in the gold and bullion markets last week.
The new book of Dr. Paul Craig Roberts was published by Atwell Publishing in March 2013 and can be purchased on the internet at all renowed online retailers.
The one percent have pulled off an economic and political revolution. By offshoring manufacturing and professional service jobs, US corporations destroyed the growth of consumer income, the basis of the US economy, leaving the bulk of the population mired in debt. Deregulation was used to concentrate income and wealth in fewer hands and financial firms in corporations “too big to fail,” removing financial corporations from market discipline and forcing taxpayers in the US and Europe to cover bankster losses. Environmental destruction has accelerated as economists refuse to count the exhaustion of nature’s resources as a cost and as corporations impose the cost of their activities on the environment and on third parties who do not share in the profits. This is the book to read for those who want to understand the mistakes that are bringing the West to its knees.