U.S. Trying to Push Back a Dollar Blowup

Jul 7, 2013
Economist Dr. Paul Craig Roberts says the U.S. is trying to gain global support for the U.S. dollar through trade deals. Not every country thinks the U.S. will be successful in saving the dollar. Dr. Roberts points out, "China is importing a tremendous amount of gold. They seem to not have much confidence in the longevity of American plans." Even so, a dollar crash might be pushed back. Dr. Roberts contends, "They can put that off for a long time if these various schemes work." And if they don't work? Roberts says, "Well, there's going to be a big blowup. I think there will be a big blowup anyhow."