Think the Government’s FDIC will cover your money if banks fail again? As former Reagan Asst. Treasury Secretary Paul Craig Roberts explains, that is no longer the case! Your money will be seized by the bank’s creditors. And this could happen soon, as he points out to On Target’s Larry Sparano:…(read more)

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Paul Craig Roberts, a well-known economist and former Assistant Secretary of the Treasury for Economic Policy during the Reagan administration, has issued a stark warning to Americans: Your money is not safe. In a recent article titled “The Great Dispossession Part 1,” Roberts outlines the dire financial realities facing the country and the potential consequences for everyday citizens.

Roberts begins by discussing the Federal Reserve’s policy of artificially low interest rates, which has led to a massive expansion of credit and debt in the economy. This has created a bubble in the stock market and real estate markets, which could burst at any moment, leaving millions of Americans financially devastated.

Moreover, Roberts points out that the US government’s massive levels of debt – now exceeding $28 trillion – are simply unsustainable. He warns that the government may resort to printing money to pay off its debts, leading to hyperinflation and a complete devaluation of the US dollar.

But perhaps most concerning is Roberts’ assertion that Americans’ money in the bank is not actually safe. He explains that banks are able to create money out of thin air through the process of fractional reserve banking, meaning that they only hold a fraction of their deposits in reserve and lend out the rest. In the event of a banking crisis, a bank run, or economic collapse, individuals could lose access to their funds and be left with nothing.

Roberts’ message is clear: Americans must take immediate action to protect themselves and their assets in the face of looming economic instability. He advises diversifying assets into tangible goods such as gold, silver, and other commodities that retain their value in times of crisis. Additionally, he recommends investing in foreign currencies, real estate, and other assets that are not tied to the US dollar.

Ultimately, Roberts’ warning serves as a wake-up call to Americans who may have become complacent about the security of their financial futures. In an era of unprecedented economic uncertainty, it is more important than ever to heed the advice of experts like Paul Craig Roberts and take proactive steps to safeguard one’s wealth and ensure a stable financial future.