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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Reality on the ground in Ukraine contradicts the incompetent and immoral Obama regime’s portrait of Ukrainian democracy on the march. To the extent that government exists in post-coup Ukraine, it is laws dictated by gun and threat wielding thugs of the neo-Nazi, Russophobic, ultra-nationalist, right-wing parties. Watch the video of the armed thug, Aleksandr Muzychko, who boosts of killing Russian soldiers in Chechnya, dictating to the Rovno regional parliament a grant of apartments to families of protesters. Read about the neo-nazis intimidating the Central Election Commission in order to secure rule and personnel changes in order to favor the ultra-right in the forthcoming elections. Thug Aleksandr Shevchenko informed the CEC that armed activists will remain in CEC offices in order to make certain that the election is not rigged against the neo-nazis.

On the 100th Anniversary of World War 1, the Western powers are again sleepwalking into destructive conflict. Hegemonic ambition has Washington interfering in the internal affairs of Ukraine, but developments seem to be moving beyond Washington’s control. Regime change in Ukraine for a mere $5 billion dollars would be a bargain compared to the massive […]

People ask for solutions, but no solutions are possible in a disinformed world. Populations almost everywhere are dissatisfied, but few have any comprehension of the real situation. Before there can be solutions, people must know the truth about the problems. For those few inclined to be messengers, it is largely a thankless task. The assumption that man is a rational animal is incorrect. He and she are emotional creatures, not Dr. Spock of Star Trek. Humans are brainwashed by enculturation and indoctrination. Patriots respond with hostility toward criticisms of their governments, their countries, their hopes and their delusions. Their emotions throttle facts, should any reach them. Aspirations and delusions prevail over truth. Most people want to be told what they want to hear. Consequently, they are always gullible and their illusions and self-delusions make them easy victims of propaganda. This is true of all levels of societies and of the leaders themselves. We are witnessing this today in western Ukraine where a mixture of witless university students, pawns in Washington’s drive for world hegemony, together with paid protesters and fascistic elements among ultra-nationalists are bringing great troubles upon Ukraine and perhaps a deadly war upon the world.

The protests in the western Ukraine are organized by the CIA, the US State Department, and by Washington- and EU-financed Non-Governmental Organizations (NGOs) that work in conjunction with the CIA and State Department. The purpose of the protests is to overturn the decision by the independent government of Ukraine not to join the EU. The […]

RT is the best English language news source available to Americans. On January 29, RT published a photo of 5 presidential appointees lying through their teeth to Congress. All five of these Gestapo wannabes are in violation of their oath of office to protect the Constitution of the United States. They have relentlessly violated the Constitution, which makes these five, who are in charge of US intelligence and black operations, traitors to the United States. Yet, they have not been arrested and put on trial. Congress is content to sit there and listen to their ongoing lies time after time after time, despite the fact that these 5 have committed more and worse crimes against our country than the “terrorists” that serve as an excuse for the crimes committed by the intelligence agencies.

Obamacare was not written for the benefit of the poor and uninsured. It was written for the profits of the insurance companies giving them millions of new customers subsidized by U.S. taxpayers. By Anonymous The anonymous Obamacare expert, who provided us a year ago with the most complete account of Obamacare available, has returned with […]

The control freaks in Washington think that only the decisions that Washington makes and imposes on other sovereign countries are democratic. No other country on earth is capable of making a democratic decision. The world has witnessed this American self- righteousness for eons as Washington overthrows one democratic government after the other and imposes its puppet, as Washington did in Iran in 1953 when the CIA, as it now admits, and as Ervand Abrahamian proves in his book The Coup (The New Press, 2013), overthrew the elected government of Mossadeq, and more recently the elected government of Honduras and many governments in between.
Currently Washington is working overtime to overthrow the governments of Syria, Iran again, and Ukraine. Washington has also targeted Venezuela, Bolivia, Ecuador, and Brazil, and in its wildest dreams the governments of Russia and China.

On January 17, 2014, we explained “The Hows and Whys of Gold Price Manipulation.”http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/  In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed some of the demand, […]

The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline.  Not only does QE distort bond and stock markets, it threatens the value […]

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 […]

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