Obama's "Behavioral Economics" Expert Tells The World to Abandon the US Dollar!

From "If you build it they will come." to "If you tear it down they will leave!"

Obama's original Behavioral Finance cheerleader, Larry Summers, has finally shown the world where he expects the focus should go now. In an article posted in the Financial Times Summers continues to support the Road to Roota Theory when it comes to the US Dollar...blow up the bubble as large as possible sucking up all the benefits of unbacked money...and then tear it down.

For 30 years Summers has been leading the "Strong Dollar" crowd always, and I mean ALWAYS, supporting the fake reality of talking the dollar up while Congress routinely destroys it's value through spending and NOT getting their budgets under control. You can search all the way back in history for Summers' quotes and they will always say just how great the US Dollar and US Economy is doing...until now!

Time US leadership woke up to new economic era by Larry Summers
http://www.ft.com/intl/cms/s/2/a0a01306-d887-11e4-ba53-00144feab7de.html#axzz3WXQSU3rs

"This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system."

"I can think of no event since Bretton Woods comparable to the combination of China's effort to establish a major new institution and the failure of the US to persuade dozens of its traditional allies, starting with Britain, to stay out of it."

"We cannot expect to maintain the dollar's primary role in the international system if we are too aggressive about limiting its use in pursuit of particular security objectives."

"What is crucial is that the events of the past month will be seen by future historians not as the end of an era, but as a salutary wake up call."

END

I have written a lot about Behavioral Economics and Behavioral Finance in the past just after Obama appointed him to the National Economic Council in 2009. Here is just one of many articles I've written...

"Behavioral Finance Is Alive n 'Fr**kin' Well"
//www.roadtoroota.com/public/655.cfm

Summer's taught Behavioral Economics at Harvard and served as Clinton's treasury Secretary. He also wrote the most important paper about gold since Alan Greenspan's seminal article "Gold and Economic Freedom." Summers paper was written in the 1980's and called "Gibson's Paradox and the Gold Standard". In it he showed the important relationship between the price of gold, interest rates and inflation. It was from this article that many members of GATA have argued that the price riggers understood that if you can control the price of gold you can control interest rates and inflation. Thus - rig the price lower and you can blow up the fiat bubble much longer and bigger.

But all bubbles pop and this one will be no exception.

Larry Summers is now promoting the OTHER SIDE of the Road to Roota Theory - when the support of the US Dollar is no longer in the best interest of the United States and the debts get out of hand...blow up the system and start fresh!

It is happening my friends - be prepared!

May the Road you choose be the Right Road.

Bix Weir
www.RoadtoRoota.com

PS - *Buy the book as it tells you all about who, how, why and WHEN!

The Book: "Silver, Gold, Bitcoin...and God!"
//www.roadtoroota.com/public/1530.cfm