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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The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Wholesale and retail trade accounted for 70,700 of these jobs or 95.5%.  It is likely that the December wholesale and retail hires were temporary for the Christmas […]

The QE helps the big banks and manipulation of the gold price downward protects the US dollar from its dilution by QE The Federal Reserve’s announcement on December 18 that beginning in January its monthly purchases of mortgage-backed financial instruments and US Treasury bonds would each be cut by $5 billion is puzzling, as is the […]

Washington’s arrogance has brought America disrepute. What damage will Washington next inflict on us? Years ago when I described the George W. Bush regime as a police state, right-wing eyebrows were raised. When I described the Obama regime as an even worse police state, liberals rolled their eyes. Alas! Now I am no longer controversial. Everybody says it. According to the UK newspaper, The Guardian, the Chancellor of Germany, Angela Merkel, had an angry exchange with Obama in which Merkel compared Obama’s National Security Agency (NSA) with the East German Communist Stasi, which spied on everyone through networks of informers. http://www.theguardian.com/world/2013/dec/17/merkel-compares-nsa-stasi-obama Merkel grew up in Communist East Germany where she was spied upon by the Stasi, and now that she has risen to the highest political office in Europe’s most powerful state, she is spied upon by “freedom and democracy” America.

Washington has had the US at war for 12 years: Afghanistan, Iraq, Somalia, Libya, Pakistan, Yemen, and almost Syria, which could still happen, with Iran waiting in the wings. These wars have been expensive in terms of money, prestige, and deaths and injuries of both US soldiers and the attacked civilian populations. None of these wars appears to have any compelling reason or justifiable explanation. The wars have been important to the profits of the military/security complex. The wars have provided cover for the construction of a Stasi police state in America, and the wars have served Israel’s interest by removing obstacles to Israel’s annexation of the entire West Bank and southern Lebanon.

In my last column I emphasized that it was important for American citizens to demand to know what the real agendas are behind the wars of choice by the Bush and Obama regimes. These are major long term wars each lasting two to three times as long as World War II. Forbes reports that one million US soldiers […]

An Interview with Paul Craig Roberts Paul Craig Roberts thinks the Fed has backed itself into corner. A rise in interest rates would strengthen the dollar, give the dollar new life as world reserve currency, and halt the movement into gold, but a rise in rates would collapse the bond and stock markets and reduce the value of derivatives on the banks’ balance sheets. I asked Dr. Roberts if the Fed would sacrifice the dollar in order to save the banks and what the effect would be on Washington’s power viv-a-vis the rest of the world. His answers to these three questions suggest that Washington’s days of financial hegemony and world leadership are numbered. Mike Whitney: Is the US dollar at risk of losing its position as reserve currency? How would this loss affect US leadership and other countries? Paul Craig Roberts: In a way the dollar has already lost its reserve currency status, but this development has not yet been officially realized; nor has it hit the currency markets. Consider that the BRICS (Brazil, Russia, India, China, and South Africa) have announced their intention to abandon the use of the US dollar for the settlement of trade imbalances between themselves, instead settling their accounts in their own currencies. (There is now a website, the BRICSPOST, that reports on the developing relations between the five large countries.) There are also reports that Australia and China and Japan and China are going to settle their trade accounts without recourse to the dollar.

To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into the government’s torture and occupation […]

The year 2014 could be shaping up as the year that the chickens come home to roost. Americans, even well-informed ones, don’t know all of the mistakes made by neoconized and corrupted Washington in the past two decades. However, enough is known to see that the US has lost economic and political power, and that the loss is irreversible. The economic cost of this lost will be born by what remains of the middle class and the increasingly poverty-stricken lower class. The one percent will have offshore gold holdings and large sums of money in foreign currencies and other foreign assets to see them through. In the political arena, the collapse of the Soviet Union presented Washington with the grand opportunity to reallocate the Pentagon budget to other uses. Part of the reduction could have been returned to taxpayers for their own use. Another part could have been used to improve worn out infrastructure.

Original Bashir interview that contradicts Washington’s account of killing bin Laden. A website in the UK, themindrenewed.com, that downloaded the video from the link in my original report of the Pakistani TV interview with Mohammad Bashir has posted the interview with the original English subtitles. You can view it here:  http://www.informationclearinghouse.info/article36573.htm This interview of an […]

Not that long ago government and free market proponents were at sword’s point, but no more. With little left in the private sector to rip off, the financial gangsters have turned to the public sector and put to work for them the free market economists’ advocacy of privatization. Governments themselves became part of the conspiracy […]

The inability of the media and politicians to focus on the real issues never ceases to amaze. The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the implementation of Obamacare. If the shutdown persists and becomes […]

The government of the “world’s only superpower,” the “exceptional,” the “indispensable” country, claims to know what is best for Syria, Iraq, Afghanistan, Libya, Yemen, Pakistan, Somalia, Mali, Russia, Venezuela, Bolivia, Ecuador, Brazil, China, indeed for the entire world. However, the “indispensable” country cannot even govern itself, much less the world over which the “superpower” desires hegemony. […]

The war criminal barack obama has declared his “outrage” over the 62 deaths associated with the takeover of a Nairobi, Kenya, shopping mall by al-Shabaab fighters.  But the attack on the shopping mall was obama’s fault.  Al Shabaab spokesmen said that the attack on the Nairobi mall was a retaliatory response to the Kenyan troops […]

By readers’ request, this is a reposting of a translation of a Pakistani National TV interview with an eyewitness to the alleged SEAL Team Six attack that allegedly killed Osama bin Laden. I made the translation available two years ago in an article prior to the creation of this website. Before you believe “your” government’s […]

Washington represents Israel and a handful of powerful organized private interests. Washington represents no one else. Washington is a plague upon the American people and a plague upon the world.  The “New American Century” proclaimed by the neoconservatives came to an abrupt end on September 6 at the G20 meeting in Russia.  &&& It only […]

While still claiming dictatorial powers to start a war on his own authority, Obama put his unilateral attack on Syria on hold when he received a letter from more than 160 members of the House of Representatives reminding him that to take the country to war without congressional approval is an impeachable offense and when […]

Obama, pushed by his Israeli and neocon masters, especially his National Security Advisor, Susan Rice, who, in effect, functions as an Israeli agent, crawled far out on the limb, only to have it sawed off by the British Parliament.  In response, the “socialist” president of France, Hollande, who lacks French support for France’s participation in […]

Washington and its British and French puppet governments are poised to yet again reveal their criminality. The image of the West as War Criminal is not a propaganda image created by the West’s enemies, but the portrait that the West has painted of itself. The UK Independent reports that over this past week-end Obama, Cameron, and Hollande agreed to launch cruise missile attacks against the Syrian government within two weeks despite the lack of any authorization from the UN and despite the absence of any evidence in behalf of Washington’s claim that the Syrian government has used chemical weapons against the Washington-backed “rebels”, largely US supported external forces, seeking to overthrow the Syrian government.

On July 23 I wrote about how the US reversed roles with the USSR and became the tyrant that terrifies the world. We have now had further confirmation of that fact. It comes from two extraordinary actions by Washington’s British puppet state. David Miranda, the Brazilian partner of Glenn Greenwald, who is reporting on the illegal and unconstitutional spying by the National Stasi Agency, was seized, no doubt on Washington’s orders, by the puppet British government from the international transit zone of a London airport. Miranda had not entered the UK, but he was seized by UK authorities. http://rt.com/op-edge/uk-gay-greenwald-freedom-police-679/ Washington’s UK puppets simply kidnapped him, threatened him for nine hours, and stole his computer, phones, and all his electronic equipment.

Americans will soon be locked into an unaccountable police state unless US Representatives and Senators find the courage to ask questions and to sanction the executive branch officials who break the law, violate the Constitution, withhold information from Congress, and give false information about their crimes against law, the Constitution, the American people and those in Afghanistan, Pakistan, Yemen, Iraq, Libya, Syria, Somalia, Guantanamo, and elsewhere. Congress needs to use the impeachment power that the Constitution provides and cease being subservient to the lawless executive branch. The US faces no threat that justifies the lawlessness and abuse of police powers that characterize the executive branch in the 21st century.

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