Paul Craig Roberts-Obama Could Govern as a Dictator | Greg Hunter's USAWatchdog - 1 views
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Gary Edwards on 12 Oct 13If Congress is wooried about being black mailed into either voting for the an increased debt limit, or, facing an invocation of the Continuity of Government plan, why not opt instead to pass a resolution declaring the current "Continuity of Government" plan un Constitutional? Which it is!!!!!!!
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Interview with former Assistant Treasury Secretary, Paul Craig Roberts. He comments on the relationship between the Debt Limit Crisis, and the "Continuity of Government Plan" that would be triggered by a catastrophic emergency. The triggering of the Continuity of Government plan would result in the end of our Constitution. There is no provision in the Constitution for any kind of "Continuity of Government" plan. Especially a plan that would suspend or infringe in any way on the rights and liberties of individual Americans. Nothing!! "You can forget about any default in the debt ceiling crisis. Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, "The debt ceiling will be raised. No government wants to lose its power or lose its ability to borrow. So, if they don't raise the debt ceiling, it is just a way of Washington committing hari-kari. It simply removes the United States as a super power." Dr. Roberts goes on to say, "If they don't make a deal, one of two things will happen. . . . The Federal Reserve, on its own authority, lends the Treasury the money. . . . The other alternative, Obama . . . can simply declare a national emergency and raise the debt ceiling on his own initiative. He could govern as a dictator." What would happen if the U.S. did default? Dr. Roberts says, "The danger of default is the rest of the world dumps dollars. If they dump dollars, the Fed loses control, the whole system blows up. The banks fail. The bond market collapses. The stock market won't go down 1,500 points; it would be cut in half. " No matter what happens, there is still an enormous and growing debt. Dr. Roberts contends, "The situation is unsustainable." It will blow up at some point, and Dr. Roberts predicts, "It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices