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Economy A Hoax & House Of Card - Paul Craig Roberts

Greg Hunter  ( Original )
SEP 20, 2016

Join Greg Hunter as he goes One-on-One with economic expert and award winning journalist Dr. Paul Craig Roberts.

With around 94 million people out of the workforce, and the near record low Labor Force Participation rate, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The Labor Force Participation rate never falls during a recovery. It rises because people are entering the labor force to take advantage of the strong economy and jobs. So, there isn’t any economy. There is a house of cards that is held together by central bank money creation. The money flows into financial assets. That’s what keeps the stock market up, and it flows into bonds, which is why we have essentially 0% interest rates. . . . So, the economy is essentially a hoax.”