Paul Craig Roberts: Russia To Unleash Ultimate Black Swan Against The West!

• Paul Craig Roberts – Russia To Unleash Ultimate Black Swan Against The West! 
  by www.kingworldnews.com
  Today Dr. Paul Craig Roberts warned King World News that the Russians are going to unleash what he called the “ultimate black swan” against the West.  Dr. Roberts also discussed how a terrifying series of events would then bring the Western financial system to it knees as the banking system completely collapses.
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  Dr. Roberts:  “I was listening to the news today and there were all these self-righteous people just happy as all get out that they had finally stomped Russia into the ground and ‘Russia is now finished,’ and Russia was broken and ‘would soon be an American vassal state where it belongs.’  And I was listening to this rot and got to thinking, ‘How can people be so utterly stupid?’  But they are, and they are just as stupid in Washington.
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  And in the meantime, as part of this process, Eric, we may see Russia unleash black swans that bring down the Western house of cards….
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  “Suppose the Russian government says, ‘Well, since the attack on the ruble is political and you guys are attacking the ruble and causing us so much trouble, we are just not going to pay off the next traunch of our debt that comes due early in 2015.’
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  Well, the European banking system would collapse because those banks are terribly undercapitalized.  Some of them have loans to Russia that almost absorb the entire capital base.  So the Russians don’t even have to default.  They can just say, ‘We’re not going to pay this year.  We will do it later.  We’ll do it when the ruble stabilizes.’ (Laughter).
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