Paul Craig Roberts
Paul Craig Roberts is an American economist and a columnist. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics." He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. Roberts has been a critic of both Democratic and Republican administrations. He has written or co-written eight books, contributed chapters to numerous books and has published many articles in journals of scholarship. He has testified before congressional committees on 30 occasions on issues of economic policy.
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Sanctions and Airliners The unilateral US sanctions announced by Obama on July 16 blocking Russian weapons and energy companies access to US bank loans demonstrate Washington’s impotence. The rest of the world, including America’s two largest business organizations, turned their backs on Obama. The US Chamber of Commerce and the National Association of Manufacturers placed […]

Alone among the governments in the world, Washington requires sovereign governments to follow Washington’s laws even when Washington’s laws contradict the laws of sovereign countries. The examples are endless. For example, Washington forced Switzerland to violate and to repeal Switzerland’s historic bank secrecy laws. Washington executes citizens of other countries, as well as its own citizens, without due process of law. Washington violates the sovereignty of other countries and murders the countries’ citizens with drones, bombs, and special forces teams. Washington kidnaps abroad citizens of other countries and either brings them to the US to be tried under US law or sends them to another country to be tortured in secret torture centers. Washington tells banks in other countries with whom they can do business and when the banks disobey, Washington blackmails them into compliance or imposes fines that threaten their existence. Last week Washington forced a French bank to pay Washington $9 billion dollars or be banned from its US operations, because the bank financed trade with countries disapproved by Washington.

The remarks below are excerpted from President Putin’s meeting with Russia’s ambassadors on July 1, 2014. Putin damns Washington’s puppet president of Ukraine, an usurped position resulting from the overthrow of a democratically elected president, for taking “the path of violence which cannot lead to peace.” Putin’s remarks are simultaneous English translations as Putin speaks in Russian. Such translations are seldom good, but are usually adequate to convey the content. “Unfortunately, Ukrainian President Poroshenko has made the decision to resume military actions, and we – meaning myself and my colleagues in Europe – could not convince him that the way to reliable, firm and long-term peace can’t lie through war. Previously, Petro Poroshenko had no direct relation to orders to take military action. Now he has taken on this responsibility in full. Not only military, but also more importantly, politically.”

The Cold War made a lot of money for the military/security complex for four decades dating from Churchill’s March 5, 1946 speech in Fulton, Missouri declaring a Soviet “Iron Curtain” until Reagan and Gorbachev ended the Cold War in the late 1980s. During the Cold War Americans heard endlessly about “the Captive Nations.” The Captive Nations were the Baltics and the Soviet bloc, usually summarized as “Eastern Europe.” These nations were captive because their foreign policies were dictated by Moscow, just as these same Captive Nations, plus the UK, Western Europe, Canada, Mexico, Columbia, Japan, Australia, New Zealand, South Korea, Taiwan, the Philippines, Georgia, and Ukraine, have their foreign policies dictated today by Washington. Washington intends to expand the Captive Nations to includ Azerbaijan, former constituent parts of Soviet Central Asia, Vietnam, Thailand, and Indonesia.

Russia’s President Vladimir Putin is trying to save the world from war. We should all help him. Today Putin’s presidential press secretary Dmitry Peskov reported that President Putin has asked the Russian legislature to repeal the authorization to use force that was granted in order to protect residents of former Russian territories that are currently […]

The citizens of the United States still do not know why their government destroyed Iraq. “National Security” will prevent them from ever knowing. “National Security” is the cloak behind which hides the crimes of the US government. George Herbert Walker Bush, a former Director of the Central Intelligence Agency who became President courtesy of being picked as Ronald Reagan’s Vice President, was the last restrained US President. When Bush the First attacked Iraq it was a limited operation, the goal of which was to evict Saddam Hussein from his annexation of Kuwait. Kuwait was once a part of Iraq, but a Western colonial power created new political boundaries, as the Soviet Communist Party did in Ukraine. Kuwait emerged from Iraq as a small, independent oil kingdom. http://www.csun.edu/~vcmth00m/iraqkuwait.html

If there were any doubts that Western “leaders” live in a fantasy make-believe world constructed out of their own lies, the G-7 meeting and 70th anniversary celebration of the Normandy landing dispelled the doubts. The howlers issuing from these occasions are enough to split your sides. Obama and his lap dog Cameron described the Normandy […]

Memorial Day is when we commemorate our war dead. Like the Fourth of July, Memorial Day is being turned into a celebration of war. Those who lose family members and dear friends to war don’t want the deaths to have been in vain. Consequently, wars become glorious deeds performed by noble soldiers fighting for truth, […]

Russia’s Rise to Global Power Western propaganda about events in Ukraine has two main purposes. One is to cover up, or to distract from, Washington’s role in overthrowing the elected democratic government of Ukraine. The other is to demonize Russia. The truth is known, but truth is not a part of the Western TV and […]

For a video presentation, please click here: http://rt.com/op-edge/160720-russia-china-move-from-west/ With the China-Russia deal conducted outside the dollar system we see the beginning of the de-dollarization and de-Americanization of the world, former assistant Secretary of the Treasury Paul Craig Roberts told RT. RT: A number of Western businesspeople have boycotted the St. Petersburg economic forum. Are they going to […]

Is the Fed “tapering”?  Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014?  Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds.  Somehow Belgium came […]

Anyone who looks carefully behind the veil of words cannot find democracy in America. For years I have been writing that the US government is no longer accountable to law or to the people (see, for example, my book, How America Was Lost). The Constitution has been set aside, and the executive branch is degenerating […]

Washington has no intention of allowing the crisis in Ukraine to be resolved. Having failed to seize the country and evict Russia from its Black Sea naval base, Washington sees new opportunities in the crisis. One is to restart the Cold War by forcing the Russian government to occupy the Russian-speaking areas of present day Ukraine where protesters are objecting to the stooge anti-Russian government installed in Kiev by the American coup. These areas of Ukraine are former constituent parts of Russia herself. They were attached to Ukraine by Soviet leaders in the 20th century when both Ukraine and Russia were part of the same country, the USSR.

The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and drives interest […]

The Obama regime, wallowing in hubris and arrogance, has recklessly escalated the Ukrainian crisis into a crisis with Russia. Whether intentionally or stupidly, Washington’s propagandistic lies are driving the crisis to war. Unwilling to listen to any more of Washington’s senseless threats, Moscow no longer accepts telephone calls from Obama and US top officials. The crisis in Ukraine originated with Washington’s overthrow of the elected democratic government and its replacement with Washington’s hand-chosen stooges. The stooges proceeded to act in word and deed against the populations in the former Russian territories that Soviet Communist Party leaders had attached to Ukraine. The consequence of this foolish policy is agitation on the part of the Russian speaking populations to return to Russia. Crimea has already rejoined Russia, and eastern Ukraine and other parts of southern Ukraine are likely to follow.

Libertarian ideology favors privatization. However, in practice privatization is usually very different in result than libertarian ideology postulates. Almost always, privatization becomes a way for well-connected private interests to loot both the public purse and the general welfare. Most privatizations, such as those that have occurred in France and UK during the neoliberal era, and […]

The CIA director was sent to Kiev to launch a military suppression of the Russian separatists in the eastern and southern portions of Ukraine, former Russian territories for the most part that were foolishly attached to the Ukraine in the early years of Soviet rule. Washington’s plan to grab Ukraine overlooked that the Russian and Russian-speaking parts of Ukraine were not likely to go along with their insertion into the EU and NATO while submitting to the persecution of Russian speaking peoples. Washington has lost Crimea, from which Washington intended to eject Russia from its Black Sea naval base. Instead of admitting that its plan for grabbing Ukraine has gone amiss, Washington is unable to admit a mistake and, therefore, is pushing the crisis to more dangerous levels. If Ukraine dissolves into secession with the former Russian territories reverting to Russia, Washington will be embarrassed that the result of its coup in Kiev was to restore the Russian provinces of Ukraine to Russia. To avoid this embarrassment, Washington is pushing the crisis toward war.

2014 is shaping up as a year of reckoning for the United States. Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads.
The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE. The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.

As we documented in previous articles, the gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks. Some people have a hard time accepting this fact even though it is known that the big banks have manipulated the LIBOR (London Interbank Overnight Rate – London’s […]

“America does not at the moment have a functioning democracy.” Former US President Jimmy Carter I doubt that the Ukraine crisis precipitated by Washington’s overthrow of the democratic government is over. Washington has won the propaganda war everywhere outside of Russia and Ukraine itself. Within Ukraine people are aware that the coup has made them worse […]

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