The Unz Review - Mobile
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 
Email This Page to Someone

 Remember My Information



=>
Topics/Categories Filter?
2016 Election 9/11 American Media American Military Britain Censorship China CIA Civil Liberties Conspiracy Theories Deep State Donald Trump Ebola Economics EU Eurozone Fake News Federal Reserve Foreign Policy Free Trade Gold Government Surveillance Greece Gun Control Hillary Clinton History Ideology Immigration Iran ISIS Israel Israel Lobby Las Vegas Massacre Neocons Neoliberalism Nuclear War Paris Attacks Police State Political Correctness Race/Ethnicity Russia Science Syria Terrorism Trade Turkey Ukraine Unemployment Wall Street Abraham Lincoln Academia Affirmative Action Africa Alexei Kudrin Alt Right Amazon.com American Debt American Jews American Left American Prisons Amnesty International Anthrax Antifa Antitrust Armenia Article Assassinations Banking Industry Banking System Banks Barack Obama Bill Clinton Bill Of Rights Bitcoin Blacks Boston Marathon Bombing Brazil Brexit BRICs Capitalism Charlie Hebdo Charlottesville Christianity Christine Lagarde Christmas Civil Rights Civil War Cold War Confederacy Confederate Flag Constitutional Theory Cuba Cultural Marxism Czech Republic Dallas Shooting David Irving David Stockman Deficits Democracy Democratic Party Department Of Justice Deregulation Developmental Noise Diversity Dollar Dominique Strauss-Kahn Don Siegelman Duterte Dzhokhar Tsarnaev Ecuador Emmanuel Macron Environment Europe European Right European Union False Flag Attrack Feminism Ferguson Shooting FIFA Financial Debt France Free Speech Gaza Gaza Flotilla George W. Bush Germany Glass-Steagall Global Warming GMO Google Government Shutdown Guns Hacking Healthcare Hitler Housing IMF Inequality Inflation Iraq Iraq War Islam Israel/Palestine Japan Jews JFK Assassination John F. Kennedy Judicial System Julian Assange Labor Day Latin America Libya Lithuania Macedonia Magna Charta Malaysian Airlines MH17 Marine Le Pen Martin Luther King Mass Shootings Massacre In Nice Merkel MH 17 Michael Hudson Middle East Mike Pence Minimum Wage Multiculturalism Muslims NATO Nazis Neoconservatives New Cold War New York Times North Korea NSA Nuclear Weapons Nuremberg Obamacare Oklahoma City Bombing Orlando Shooting Osama Bin Laden Pakistan Patriotism Paul Krugman Philippines Pornography Portugal Poverty Privatization Propaganda Prostitution Public Schools Putin Qatar Racism Real Estate Republican Party Republicans Richard Nixon Ron Paul Ron Unz Ronald Reagan Sandy Hook Saudi Arabia Slavery Social Security South Africa Stephen Cohen Story Student Debt Supply-Side Economics Switzerland Syriza Tax Cuts Taxes The Saker Tony Blair Torture TPP TTIP Unions United Nations USS Liberty Venezuela Vladimir Putin War On Terror White Nationalists Wikileaks Workers Working Class World War II Youtube Ban Zbigniew Brzezinski Zionism
Nothing found
 TeasersPaul Craig Roberts Blogview

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New Reply
🔊 Listen RSS

Robert Mueller is supposed to be investigating Russiagate, which has been shown to be a hoax concocted by former CIA director John Brennan, former FBI director James Comey, and current deputy Attorney General Rod Rosenstein. As Russiagate is a hoax, Mueller has not been able to produce a shred of evidence of the alleged Trump/Putin plot to hack Hillary’s emails and influence the last presidential election.

With his investigation unable to produce any evidence of the alleged Russiagate, Mueller concluded that he had to direct attention away from the failed hoax by bringing some sort of case against someone, knowing that the incompetent and corrupt US media and insouciant public would assume that the case had something to do with Russiagate.

Mueller chose Paul Manafort as a target, hoping that faced with fighting false charges, Manafort would make a deal and make up some lies about Trump and Putin in exchange for the case against him being dropped. But Manafort stood his ground, forcing Mueller to go forward with a false case.

Manafort’s career is involved with Republican political campaigns. He is charged with such crimes as paying for NY Yankee baseball tickets with offshore funds not declared to tax authorities and with attempting to get bank loans on the basis of misrepresentation of his financial condition. In the prosecutors’ case, Manafort doesn’t have to have succeeded in getting a loan based on financial misrepresentation, only to be guilty of trying. Two of the people testifying against him have been paid off with dropped charges.

Mueller’s investigation is restricted to Russiagate. In other words, Mueller has no mandate to investigate or bring charges unrelated to Russiagate. In my opinion, Muller gets away with this only because the deputy Attorney General is in on the Russiagate plot against Trump. Mueller and Rosenstein know that they can count on the presstitutes to continue to deceive the public by presenting the Manafort trial as part of Russiagate.

The trial judge has twice criticized the prosecutors, asking them on one occasion if they had any evidence of successful fraud. In other words, the judge can tell the difference between actual fraud and a failed attempt at fraud, a distinction the prosecutors don’t want the jury to consider.

However, prosecutors can frame a judge, just as they are trying to frame the presidents of the United States and Russia. Realizing that, the judge backed off.

What the Manafort trial should tell you is how utterly and totally corrupt the United States is. In my opinion there is nowhere an organization as corrupt as the US Dept of Justice (sic).

That Russiagate continues on its corrupt course should tell you how powerless President Trump is. Trump cannot even influence his own Department of Justice, which is doing its best to destroy him.

 
• Category: Ideology • Tags: Donald Trump, Russiagate 
🔊 Listen RSS

The Russian and Chinese governments are puzzling. They hold all the cards in the sanction wars and sit there with no wits whatsoever as to how to play them.

The Russians won’t get any help from the Western media which obscures the issue by stressing that the Russian government doesn’t want to deprive its citizens of consumer goods from the West, which is precisely what Washington’s sanctions intend to do.

The Russian and Chinese governments are in Washington’s hands because Russia and China, thinking that capitalism had won, quickly adopted American neoliberal economics, which is a propaganda device that serves only American interests.

For years NASA has been unable to function without Russian rocket engines. Despite all the sanctions, insults, military provocations, the Russian government still sends NASA the engines. Why? Because the Russian economists tell the government that foreign exchange is essential to Russia’s development.

Europe is dependent on Russian energy to run its factories and to keep warm in winter. But Russia does not turn off the energy in response to Europe’s participation in Washington’s sanctions, because the Russian economists tell the government that foreign exchange is essential to Russia’s development.

As Michael Hudson and I explained on a number of occasions, this is nonsense. Russia’s development is dependent in no way on the acquisition of foreign currencies.

The Russians are also convinced that they need foreign investment, which serves only to drain profits out of their economy.

The Russians are also convinced that they should freely trade their currency, thereby subjecting the ruble to manipulation on foreign exchange markets. If Washington wants to bring a currency crisis to Russia, all the Federal Reserve, its vassal Japanese, EU, and UK central banks have to do is to short the ruble. Hedge funds and speculators join in for the profits.

Neoliberal economics is a hoax, and the Russians have fallen for it.

So have the Chinese

Suppose that when all these accusations against Russia began—take the alleged attack on the Skirpals for example—Putin had stood up and said: “The British government is lying through its teeth and so is every government including that of Washington that echoes this lie. Russia regards this lie as highly provocative and as a part of a propaganda campaign to prepare Western peoples for military attack on Russia. The constant stream of gratuitous lies and military exercises on our border have convinced Russia that the West intends war. The consequence will be the total destruction of the United States and its puppets.”

That would have been the end of the gratuitous provocations, military exercises, and sanctions.

Instead, we heard about “misunderstandings” with out “American partners,” which encouraged more lies and more provocations.

Or, for a more mild response, Putin could have announced: “As Washington and its servile European puppets have sanctioned us, we are turning off the rocket engines, all energy to Europe, titanium to US aircraft companies, banning overflights of US cargo and passenger aircraft, and putting in place punitive measures against all US firms operating in Russia.”

One reason, perhaps, that Russia does not do this in addition to Russia’s mistaken belief that it needs Western money and good will is that Russia mistakenly thinks that Washington will steal their European energy market and ship natural gas to Europe. No such infrastructure exists. It would take several years to develop the infrastructure. By then Europe would have mass unemployment and would have frozen in several winters.

What about China? China hosts a large number of major US corporations, including Apple, the largest capitalized corporation in the world. China can simply nationalize without compensation, as South Africa is doing to white South African farmers without any Western protest, all global corporations operating in China. Washington would be overwhelmed with global corporations demanding removal of every sanction on China and complete subservience of Washington to the Chinese government.

Or, or in addition, China could dump all $1.2 trillion of its US Treasuries. The Federal Reserve would quickly print the money to buy the bonds so that the price did not collapse. China could then dump the dollars that the Fed printed in order to redeem the bonds. The Fed cannot print the foreign curriences with which to purchase the dollars. The dollar would plummet and not be worth a Venezuelan bolivar unless Washington could order its pupper foreign central banks in Japan, UK, and EU to print their currencies in order to purchase the dollars. This, even if complied with, would cause a great deal of stress in what is called “the Western alliance,” but what is really Washington’s Empire.

Why don’t the Russian and Chinese play their winning hands? The reason is that neither government has any advisers who are not brainwashed by neoliberalism. The brainwashing that Americans gave Russia during the Yeltsin years has been institutionalized in Russian institutions. Trapped in this box, Russia is a sitting duck for Washington.

Turkey is a perfect opportunity for Russia and China to step forward and remove Turkey from NATO. The two countries could offer Turkey membership in BRICS, trade deals, and mutual security treaties. China could easily buy up the Turkish currency off foreign exchange markets. The same could be done for Iran. Yet neither Russia nor China appear capable of decisive action. The two countries, both under attack as Turkey is from Washington, sit there sucking their thumbs. https://www.zerohedge.com/news/2018-08-11/us-risks-completely-losing-turkey-erdogan-vows-defy-us-threats-over-pastor-brunson

 
• Category: Foreign Policy • Tags: American Military, China, Russia 
🔊 Listen RSS

As many readers of this website have noticed, the United States has lost its character and become a dysfunctional society. In place of a largely homogeneous population once united in veneration of the Constitution, there exists today massive diversity which Identity Politics has used to disunite the population into seperate interest groups.

No clause or article of the Constitution, nor the Bill of Rights, is safe. The George W. Bush and Obama regimes destroyed two of the most important protections of civil liberty—habeas corpus and due process. Bush declared indefinite imprisonment on suspicion alone without evidence or trial. Obama declared execution of US citizens on accusation alone without due process. The Justice (sic) Department wrote legal memos justifying torture, thus destroying the constitutional protection against self-incrimination. One of the authors of the memos is now a professor of law at UC Berkeley. The other is now a federal judge, indications that respect for the Constitution and enforcement of US and international laws against torture is fading in law schools and the federal judiciary.

A third important protection of civil liberty—freedom of speech which is necessary for the discovery of truth and to serve justice—is being destroyed. Apple, Google/Facebook, Twitter, Spotify, university speech codes, legislation against protesting Israel’s atrocities against Palestinians, and the presstitute media that has been turned into a propaganda organ in behalf of vested interests are all actively involved in protecting lies against truth.

Glenn Greenwald reported that “the single greatest threat to free speech in the West — and in the U.S. — is the coordinated, growing campaign to outlaw and punish those who advocate for, or participate in, activism to end the Israeli occupation” of Palestine.https://theintercept.com/2016/02/16/greatest-threat-to-free-speech-in-the-west-criminalizing-activism-against-israeli-occupation/

The Second Amendment, which was placed in the Constitution as a defense against oppression by government, is under attack by well financed organizations in service to the police state with the intention of disarming the population. Many attentive Americans are convinced that mass shootings are staged or pretended in order to create public support for repealing the Second Amendment. Clearly the amount of effort expended against the Second Amendment is disproportional to the number of shooting deaths as compared to other causes of deaths. Why this one cause of deaths has so many well financed and politically active organizations compared to other causes of deaths is a question that is studiously avoided. We see far more opposition to the Second Amendment than we see against Washington’s destruction in whole or part of seven countries during the past two decades, resulting in the death, maiming, widowing, orphaning and displacement of millions of peoples.

In an Orwellian twist, freedon of religion is now interpreted as a prohibition against celebrating Christianity, the religious basis of the country, in public arenas.

Law faculties and the ACLU have deemphasized the original rights specified in the Constitution, emphasizing instead rights for transgendered, homosexuals, illegal aliens, and those seeking and performing abortions—a horrendous crime only a few decades ago.

Today all it takes to trump the US Constitution is to utter “National Security.”

As the United States is the Constitution, destroying the Constitution destroys the United States. Yet those destroying the Constitution claim that they are making the country safe by substituting police state measures for civil liberty.

The newly invented rights and the speech codes are used as weapons against heterosexual white males and to transfer authority from white male professors and managers to university and corporate “diversity offices” acting in behalf of “oppressed minorities” (women, non-white races except apparently Asians, homosexuals, transgendered). In the August 2018 issue of Chronicles, a magazine of American culture, Jack Trotter relates one of his experiences as an assistant professor “at a major Southern university, one of those SEC football titans.” In a lecture he encouraged his students to “avoid excessive use of abstract, Latinate terms in their writing.” He was accused of committing a racist crime of advocating white superiority by expressing a preference for short words with clear meaning that comprise Anglo-Saxon vocabulary. The absurd charge was placed in Trotter’s university file for internal use in the event he gave further indications of white supremacy by uttering the term Anglo-Saxon.

It gets even more ridiculous than this. A professor I know at a major research university was unaware that “girls” had been made an insensitive word and used it in class. He was called before a diversity dean and told that one more infraction and he would have to attend a class in “diversity training.”

The same thing happend to a graduate student at an English University who was one Friday afternoon sitting talking with three secretaries who were describing the evening out they had planned. He said: “sounds like a fun girls’ night out.” The expression “girls night out” is an old one widely used by women themselves, but the secretaries took offense at the word “girls,” complained, and the graduate student was subjected to sensitivity training.

Any member of an “oppressed minority” can make a complaint against a white male on any basis, and it is in the vested interest of the diversity office, whether university or corporate—remember the Google case—to regard the complaint both as true and as an offense.https://www.paulcraigroberts.org/2017/08/08/google-committed-suppression-free-speech/

A couple of years ago a black female student claimed that as she walked past a fraternity house on the Georgia Tech campus, racial slurs were yelled at her from an open window. The president immediately suspended the fraternity without due process. It was proven that all the windows in the house had been painted shut for many years and that none of them would open. But the penalty against the fraternity stood.

It would be interesting to know if white males are permitted to file complaints against radical feminists who dismiss all white heterosexual males as rapists and black professors who describe whites as “ice people,” racists, and imperial/colonial exploiters.

The question is: are white heterosexual males protected by speech codes? I would suspect that if a white male filed a complaint against a man-hating feminist, the diversity office would take the complaint as proof that the white male is a misogynist, and if a while male filed a complaint against a black it would be interpreted as proof of the white male’s racism.

There have been some cases of Christian students complaining of prejudices that professors display against Christianity, but by and large I don’t think the complaints have had much success.

 
• Category: Ideology • Tags: Censorship, Political Correctness 
🔊 Listen RSS

The coordinated attack on widely watched Info Wars host Alex Jones by Apple, Facebook, Google/Youtube, and Spotify is all the proof that we need that the total failure to enforce America’s anti-trust laws has produced unaccountably powerful firms that are able to exercise far more censorship, not only in America but also abroad among Washington’s vassal states, than the Nazi Gestapo or Stalin’s NKVD were ever able to achieve.

Recently the progressive Rob Kall and I discussed on his show the implications of a trillion dollar company, which Apple now is. A day or two afterward, Rob Kall wrote an article on his website OpEdNews in which he made a case that a trillion dollar company had too much power for our continuation as a free people. I agree with him. Only 16 countries out of 195 countries in the world, a mere 0.08 percent, have a GDP equal to or larger than one trillion dollars.

Think about that. Apple is larger than the GNP of almost every country in the world. In other words, Apple has the power of a major government. Apple could be a member of the G-20. Apple could institute its own currency and be part of SDR drawing rights. Apple could participate as a backer of IMF and World Bank loans. Apple could have its own military and secret service.

No sooner than Rob Kall made his case than Apple proved it, along with the other tech monopolies: Google/Youtube, Spotify, and Facebook. https://www.rt.com/usa/435259-infowars-ban-twitter-reacts/

In the US almost everything has been monopolized—the digital world; 90% of the print and TV media owned by 5 or 6 companies; 90% of bank deposits in 5 large banks “too big to fail; Walmart, Home Depot, Lowes which have abolished independent community family stores; auto parts franchises that have abolished family businesses; restuarant franchises that have destroyed family restaurants; pharmacautical and chemical monopolies. It is endless. The monopolization of the American economy was done under the rubric of “globalism.” The dogma is that you can’t compete globally unless you are large enough to be a monopoly or near-monopoly.

The digital revolution combined with Identity Politics has made it easy to curtail free speech. Any attention to issues that the ruling elite doesn’t want mentioned, any truth-telling that exposes hidden agendas, is branded “conspiracy theory” or “hate speech” and shut down. That monopoly power is what Apple, Facebook, Gogle/Youtube and Spotify have now exercised against Alex Jones.

Alex is just the beginning. He is outspoken and at times over the top. But he puts into the limelight issues that the ruling powers want kept in the shadows. This, and only this, is the reason that the ruling elite are attempting to shut him down. The hate speech charge is a fabricated joke.

What Apple, Facebook, and the rest of the American Gestapo mean is that the Truth Is Hate Speech. This is straight out of George Orwell’s 1984.

The deception of the American people by censuring truth-tellers is now the official policy of Apple, Google/Youtube, Facebook, Twitter and Spotify.

The print and TV media have already fired all the real journalists, such as Robert Perry, Chris Hedges, and Sy Hersh. Now that Alex Jones is being driven off the Internet, the elite’s determination to control all explanations will spread over the Internet until every truth-teller is shut down. It is just a matter of time.

Indeed the censorship is rapidly spreading. Twitter has now banned the presence of Scott Horton who is the editorial director of antiwar.com and Daniel McAdams who is director of the libertarian Ron Raul Institute. https://www.zerohedge.com/news/2018-08-07/crackdown-continues-twitter-suspends-libertarian-accounts-including-ron-paul Tommy Robinson has had his Instagram page removed. https://www.rt.com/uk/435312-tommy-robinson-instagram-ban/ Former State Department official Peter Van Buren has been banned from Twitter, apparently because he told us that government officials lie to us.

Identity Politics, which helped to impose speech codes and to create the catgegory of “hate speech” which any member of a “victim group” can turn against white males, is one source of the censorship that is destroying free speech throughout the Western World. However, in the United States the most powerful force for censorship is the fact that the agendas of the rulingj elite are unacceptable to the American people. The ruling elite fear that their cover stories are so thin that even those who have been brainwashed will see the light if any truth continues to shine.

In the Western World today nothing is more endangered than truth. No public or private institution, whether the CIA, FBI, or Justice (sic) Department, or Facebook, Apple, Google, Youtube, or Twitter, CNN, NPR, MSNBC, New York Times, or Washington Post has any respect whatsoever for truth.

Truth is in the way of hidden agendas. The presstitutes serve the hidden agendas, not the truth.

Nothing is less welcome in Western political systems than the truth. Yet the Russian, Chinese, North Korean, Iranian, and Indian governments still puruse meaningless agreements with Washington, agreements, like the Iranian one, that have no possibility whatsoever of being kept by Washington.

Washington intends to exercise hegemony over the world. The neoconservatives, who together with Israel with whom the neoconservatives are solidly allied, control US foreign policy and are firmly committed to US hegemony over the world. If the governments of Russia, China, Iran, India, and North Korea do not understand this, they are in for a hard ride.

What can we do? Never purchase another Apple product. Desert Youtube, Facebook, Twitter, Spotify. Terminate all Google email accounts and never use a Google search engine. These firms are Nazi Gestapo firms. They deserve our condemnation. These despicable companies should be nationalized or abolished or arrested for aiding the plot to overthrow the President of the United States.

They are the agents of evil.

There are alternative portals. Turn to them and support the ones that refuse to censor free speech. Hopefully, the anti-democratic actions by Facebook, Twitter and the rest will destroy their business model, and their place will be taken by new firms that respect the Constitution’s protection of free speech.

Are Americans so stupid that they do not see what is unfolding in front of their eyes? Our ruling elite have agendas that they cannot defend. People like Alex Jones expose these agendas. The ruling elite have to shut this exposure down, so they misrepresent and demonize Alex Jones. Those brainwashed into Identity Politics and the presstitute media are manipulated and used to instigate a campaign against Alex Jones, just as they have been used against President Trump, Julian Assange, Snowden, and many others. Indeed, PropOrNot was used against 200 independent-minded websites.

 
• Category: Ideology • Tags: Censorship, Deep State, Political Correctness 
🔊 Listen RSS

Fabricated, unwarranted lawsuits are being used in an effort to shut down Alex Jones who raises too many issues that those who rule us do not want raised. At times Alex can be over the top, but overall he has spread a lot of awareness of events that otherwise would have received no notice.

There is no doubt whatsoever of William Binney’s expertise and integrity. This hour long interview with him is posted on Info Wars, not on CNN, BBC, MSNBC, NPR, or Fox News. It is not printed in the Wall Street Journal, the New York Times or the Washington Post.

William Binney developed the NSA’s spy capability and left the agency over its misuse. In this interview—https://www.infowars.com/bill-binney-in-his-own-words-a-collaborative-conspiracy-to-subvert-the-us-government/ — you will learn many things, such as the reason that it is strictly impossible that Hillary’s emails were hacked by the Russians or anyone else; they were downloaded on a thumb drive. You will learn that it is common practice for the US Department of Justice (sic), the FBI, and the so called “security agencies” to frame totally innocent people. You will learn that the entire federal intelligence and legal apparatus is corrupt beyond belief and cannot in any way be trusted.

This is the kind of information that Alex Jones brings to us, and it is the reason the deep state is determined to destroy Alex Jones, just as it attempted to destroy William Binney and still hopes to destroy Snowden and Assange.

 
• Category: Ideology • Tags: American Media, Censorship, Deep State 
🔊 Listen RSS

This week I was interviewed on Russian TV about the possible new anti-Russian sanctions that Washington is considering that would prohibit anyone in the entirety of the world from holding Russian government bonds. Think about this for a moment. Washington thinks that Washington has the right and the power to block sovereign countries and their citizens from investing in Russian government bonds. Here we face arrogance that has developed into insanity.

The Russian bonds are an excellent investment. Unlike US, EU, UK, and Japanese government bonds, the Russian bonds pay good interest rates, and Russia has virtually no national debt, unlike the heavily indebted governments of the US, Europe, UK, and Japan.

Moreover, the Russian ruble is protected by immense energy resources on which Europe and China are dependent. The only way the ruble can be driven down is by orchestrated short-selling by Western and Japanese central banks. These central banks can print and waste all the money that they care to. A Western central bank is even less accountable than a Western government.

The Soviet government had more sense than to allow the ruble to be traded on markets that the West can manipulate, but the Russian government, brainwashed as it is by American neoliberal economists, lacks the understanding of the Soviet government.

All of Washington’s economic threats to Russia are designed to force the Russian government into accepting vassal status, like all of Europe, Canada, Australia, and Japan. The threats can only work because the Russian government and the Economics Institute of the Russian Academy of Sciences have ignored the lessons that Michael Hudson and I taught them. See:

https://www.paulcraigroberts.org/2016/08/10/russias-weakness-is-its-economic-policy-paul-craig-roberts-and-michael-hudson/

https://www.paulcraigroberts.org/2016/09/28/can-russia-learn-from-brazils-fate-paul-craig-roberts-and-michael-hudson/

https://www.paulcraigroberts.org/2016/02/08/privatization-is-the-atlanticist-strategy-to-attack-russia-paul-craig-roberts-and-michael-hudson/

Here is how Washington’s current effort to destroy Russia’s confidence is being played. First Washington announces that it is considering banning everyone in the world from buying a Russian government bond. Citibank, regarded by many as a criminal organization totally dependent on Federal Reserve subsidies, puts out a fabricated “analysis” that, to quote from Bloomberg, would cause the ruble to “plunge by as much as 15 percent and borrowing costs would spike to a three-year high if the U.S. goes ahead with proposals to impose sanctions on Russian government bonds, according to a new model developed by Citigroup Inc.” Citi analysts Ivan Tchakarov and Artem Zaigrin said: “The additional capital outflows generated by this event could ultimately weaken the ruble.” https://www.bloomberg.com/news/articles/2018-08-01/russia-debt-sanctions-would-send-ruble-plunging-15-citi-says

This is abject nonsense. If Washington is able to force its vassals to dispossess themselves of a good investment, only Russian brainwashing by neoliberal economics can permit the scheme to work.

If, on the other hand, the Russians would like to free themselves of their neoliberal economic brainwashing, all the Russian central bank needs to do is to buy the Russian bonds that Washington forces its vassals to sell. This is precisely what the US, UK, EU, and Japanese banks have been doing for a decade—purchasing their own bonds (and stocks)—thus driving up the price. This is how zero/negative interest rates in the Western alliance have been achieved.

Some time ago Michael Hudson and I pointed out to the Russian government and central bank that the utterly false belief that rules Russia that Russia’s development is dependent on foreign loans and selling valuable Russian assets to foreigners for foreign exchange is totally false. The Russian government is trapped in a mindset engineered by Washington.

Hudson and I pointed out in terms that could not be clearer that when Russia borrows abroad for a development plan the dollars are not spent inside the Russian economy. The borrowed dollars (or UK pounds, EU euros, Japanese yen) go into the central banks’ foreign reserve holdings. The central bank then prints the ruble equivalent to finance the development project.

It is clear as day to anyone not brainwashed by American neoliberal economists, who are agents of Washington, that there is no point whatsoever in Russia’s foreign borrowing. The Russian central bank can create the rubles to finance Russian development projects independently of borrowing from abroad. All borrowing from abroad does is to enlarge Russia’s foreign debt, thereby making Russia more susceptible to Washington’s sanctions.

As long as Russia remains in the neoliberal mindset, the American neoconservatives, whose goal is to destroy Russia, can relax. Neoliberal economics will do the job for them.

 
• Category: Foreign Policy • Tags: Neoliberalism, Russia 
🔊 Listen RSS

The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for a decade throughout the length of the alleged economic recovery and there is no upward pressure on wages from full employment. When jobs are plentiful, people enter the labor force to take advantage of the work opportunities. This raises the labor force participation rate. When employment is full—which is what a 3.9% unempoyment rate means—wages are bid up as employers compete for scarce labor. Full employment with no wage pressure and no rise in the labor force participation rate is impossible.

The 3.9% unemployment rate is not due to employment. It results from not counting discouraged workers who have ceased to search for jobs because there are no jobs to be had. If an unemployed person is not actively searching for a job, he is not counted as being in the labor force. The way the unemployment rate is measured makes it a hoax.

The government tells us that there is essentially no inflation despite the fact that prices have been rising strongly—the price of food, the price of home repairs, the price of drugs, the price of almost everything. Two years ago the American Association of Retired People’s Public Policy Institute reported that the average retail drug price has been increasing “at a worrying pace of 10 percent a year, and about 20 drugs have astoundingly had their prices quadruple since just December. Sixty drugs doubled over the same period. Turing Pharmaceuticals, headed by Martin Shkreli, is one of the most pronounced examples of this kind of behavior. The company bought a lifesaving cancer medication only to increase its price from $13.50 to $750 per pill.” https://www.rt.com/usa/334004-drug-prices-doubled-years/

Incomes, of course, have not doubled. In real terms incomes have declined. Moreover, expenditures on medicines are a huge percentage of the budgets of the elderly and those on Medicare. According to the Kaiser Family Foundation, the average annual cost of prescription medicines for the elderly accounts for three-fourths of the average Social Security pension and for about half of the median income of peope who receive Medicare benefits. https://www.rt.com/usa/334004-drug-prices-doubled-years/

Real jobs have also declined. The jobs that the financial presstitutes report to be unfilled are not jobs that provide a living. The BLS reported that the number of Americans working multiple jobs rose in July by 453,000, bringing the number of Americans who hold multiple part-time jobs to 8,072,000.

Looking at July’s payroll jobs report again we see the Third World complexion of the US work force. The alleged new jobs are concentrated in lowly paid domestic services: temporary help services, health care and social assistance, waitresses and bartenders.

There is scant sign of a vibrant economy, but high debt is everywhere. Debt is growing faster than the income needed to support it. The US government is on course for another $1 trillion annual budget deficit. The federal, state, and local tax base has been decimated by the global corporatons’ export of high productivity high value-added manufacturing and professional skill jobs. In the name of “free trade” the tax base for Social Security, Medicare, and public pensions has been given away to China and other Asian countries where labor costs are low. The US global corporations make higher profits by shrinking the US tax base. Neoliberal economists defend this absurdity as “free trade” that benefits Americans.

The millions of Americans whose jobs were given away to foreigners know full well that they have not benefited. They know the story told by neoliberal economists and financial presstitutes is a lie.

The lies, of course, go far beyond the economic ones. Russiagate, which has dominated the print and TV media and NPR since the last presidential campaign is a massive lie that continues day after day. On August 3 the NPR presstitutes, for example, were smacking their lips over the prospect that Paul Manafort was on trial and might give special Russiagate prosecutor Robert Mueller a conviction that could lead to Trump’s removal from the White House. The presstitutes speculated that a convicted Manafort would tell on Trump in exchange for a lighter sentence.

The NPR presstitutes did not reveal that Manafort was not on trial for anything related in any way to Russiagate. Manafort is being tried on income tax evasion charges dating from a decade ago when he was a consultant to Ukrainian politicians. There is no doubt but that these are false charges whose purpose is to coerce Manafort into protecting himself by making false charges against Trump. If Manafort is convicted it will not be on the basis of any evidence. Manafort will be convicted by the presstitute media which will convince jurors that Manafort is “one of those rich who don’t pay taxes.”

That President Trump permits this witch-hunt to continue, a witch-hunt that far oversteps Mueller’s Russiagate mandate for which not a shred of evidence has been found, shows how the presstitutes working hand-in-hand with the military/security complex and DNC have disempowered the President of the United States. While Americans sit there sucking their thumbs, the coup against the President proceeds before their eyes.

 
• Category: Economics • Tags: American Debt, American Media, Russia, Unemployment 
🔊 Listen RSS

Life in a failed multi-cultural society:

https://www.rt.com/news/434879-south-africa-confiscation-land-law/

https://www.zerohedge.com/news/2018-08-01/south-africa-amend-constitution-allow-land-expropriation

Identity Politics At Work:

http://www.dailymail.co.uk/news/article-5534449/South-Africas-white-farmers-likely-killed-police.html

Notice that at a Human Rights Day rally in Mpumalanga, “human rights” is associated with “cutting the throat of whiteness.” This legitimizes the murder and dispossession of South African whites, who have been in the country longer than most blacks, as an exercise in human rights. The leader of the new black party that is challenging the one to which the former white government handed over power even has a song about shooting whites.

How many years before it happens in “diversity multi-cultural” Europe and America?

What is wrong with the Russians that they want to be associated with a West that is actively pursuing self-destruction? How long before it is not only white South Africans who are fleeing to Russia to save their lives?

Who destroyed the West? There are different answers to this question. I believe the unleashed greed of Capitalism by deregulation, the burial of Anti-Trust, and the redefinition of corporate responsibility to include only responsibility to shareholders to the detriment of employees, customers, and communities, destroyed the West. Psychology Professor Kevin McDonald thinks it was the paranoia of the Jews who protected themselves by fomenting division within the societies in which they live.

In a review of McDonald’s book, The Culture of Critique, labeled by the Israel Lobby an anti-semitic work, Stanley Hornbeck writes:

“Prof. MacDonald claims that one of the most consistent ways in which Jews have advanced their interests has been to promote pluralism and diversity – but only for others. Ever since the 19th century, they have led movements that tried to discredit the traditional foundations of gentile society: patriotism, racial loyalty, the Christian basis for morality, social homogeneity, and sexual restraint. At the same time, within their own communities, and with regard to the state of Israel, they have often supported the very institutions they attack in gentile society.

“Why is this in the interests of Jews? Because the parochial group loyalty characteristic of Jews attracts far less attention in a society that does not have a cohesive racial and cultural core. The Jewish determination not to assimilate fully, which accounts for their survival as a people for thousands for years – even without a country – has invariably attracted unpleasant and even murderous scrutiny in nations with well-defined national identities. In Prof. MacDonald’s view it is therefore in the interest of Jews to dilute and weaken the identity of any people among whom they live. Jewish identity can flower in safety only when gentile identity is weak.

“Prof. MacDonald quotes a remarkable passage from Charles Silberman: ‘American Jews are committed to cultural tolerance because of their belief – one firmly rooted in history – that Jews are safe only in a society acceptant of a wide range of attitudes and behaviors, as well as a diversity of religious and ethnic groups. It is this belief, for example, not approval of homosexuality, that leads an overwhelming majority of American Jews to endorse ‘gay rights’ and to take a liberal stance on most other so-called ‘social’ issues.’”

I do not know Professor MacDonald and cannot attest as to whether he is or is not an anti-semite. However, I do not see anti-semitism in his explanation, which is a rational explanation of why a paranoid people who have experienced persecution, justified or not, would strive to protect themselves by creating division in the societies in which they are a minority. The Identity Politics of the Democratic Party works perfectly in behalf of the Jewish strategy.

There is no doubt that this strategy works for Jews who feel threatened despite the enormous power that they wield over the US and Europe. The question is: Is the strategy that is successful for Jews good for the majority populations who have been turned against one another: blacks against whites, feminists against men, homosexuals against heterosexuals. Does making the white heterosexual father, son, and brother into the victimizer who victimizes everyone else a healthy formula for a successful society?

I can’t see how this question can be answered in the affirmative.

 
• Category: Foreign Policy • Tags: Political Correctness, South Africa 
Not to Americans
🔊 Listen RSS

The housing market is now apparently turning down. Consumer incomes are limited by jobs offshoring and the ability of employers to hold down wages and salaries. The Federal Reserve seems committed to higher interest rates—in my view to protect the exchange value of the US dollar on which Washington’s power is based. The arrogant fools in Washington, with whom I spent a quarter century, have, with their bellicosity and sanctions, encouraged nations with independent foreign and economic policies to drop the use of the dollar. This takes some time to accomplish, but Russia, China, Iran, and India are apparently committed to dropping or reducing the use of the US dollar.

A drop in the world demand for dollars can be destabilizing of the dollar’s value unless the central banks of Japan, UK, and EU continue to support the dollar’s exchange value, either by purchasing dollars with their currencies or by printing offsetting amounts of their currencies to keep the dollar’s value stable. So far they have been willing to do both. However, Trump’s criticisms of Europe has soured Europe against Trump, with a corresponding weakening of the willingness to cover for the US. Japan’s colonial status viv-a-vis the US since the Second World War is being stressed by the hostility that Washington is introducing into Japan’s part of the world. The orchestrated Washington tensions with North Korea and China do not serve Japan, and those Japanese politicians who are not heavily on the US payroll are aware that Japan is being put on the line for American, not Japanese interests.

If all this leads, as is likely, to the rise of more independence among Washington’s vassals, the vassals are likely to protect themselves from the cost of their independence by removing themselves from the dollar and payments mechanisms associated with the dollar as world currency. This means a drop in the value of the dollar that the Federal Reserve would have to prevent by raising interest rates on dollar investments in order to keep the demand for dollars up sufficiently to protect its value.

As every realtor knows, housing prices boom when interest rates are low, because the lower the rate the higher the price of the house that the person with the mortgage can afford. But when interest rates rise, the lower the price of the house that a buyer can afford.

If we are going into an era of higher interest rates, home prices and sales are going to decline.

The “on the other hand” to this analysis is that if the Federal Reserve loses control of the situation and the debts associated with the current value of the US dollar become a problem that can collapse the system, the Federal Reserve is likely to pump out enough new money to preserve the debt by driving interest rates back to zero or negative.

Would this save or revive the housing market? Not if the debt-burdened American people have no substantial increases in their real income. Where are these increases likely to come from? Robotics are about to take away the jobs not already lost to jobs offshoring. Indeed, despite President Trump’s emphasis on “bringing the jobs back,” Ford Motor Corp. has just announced that it is moving the production of the Ford Focus from Michigan to China.

Apparently it never occurs to the executives running America’s offshored corporations that potential customers in America working in part time jobs stocking shelves in Walmart, Home Depot, Lowe’s, etc., will not have enough money to purchase a Ford. Unlike Henry Ford, who had the intelligence to pay workers good wages so they could buy Fords, the executives of American companies today sacrifice their domestic market and the American economy to their short-term “performance bonuses” based on low foreign labor costs.

What is about to happen in America today is that the middle class, or rather those who were part of it as children and expected to join it, are going to be driven into manufactured “double-wide homes” or single trailers. The MacMansions will be cut up into tenements. Even the high-priced rentals along the Florida coast will find a drop in demand as real incomes continue to fall. The $5,000-$20,000 weekly summer rental rate along Florida’s panhandle 30A will not be sustainable. The speculators who are in over their heads in this arena are due for a future shock.

For years I have reported on the monthly payroll jobs statistics. The vast majority of new jobs are in lowly paid nontradable domestic services, such as waitresses and bartenders, retail clerks, and ambulatory health care services. In the payroll jobs report for June, for example, the new jobs, if they actually exist, are concentrated in these sectors: administrative and waste services, health care and social assistance, accommodation and food services, and local government.

High productivity, high value-added manufactured jobs shrink in the US as they are offshored to Asia. High productivity, high value-added professional service jobs, such as research, design, software engineering, accounting, legal research, are being filled by offshoring or by foreigners brought into the US on work visas with the fabricated and false excuse that there are no Americans qualified for the jobs. See: https://www.amazon.com/Failure-Laissez-Faire-Capitalism/dp/0986036250/ref=sr_1_2?s=books&ie=UTF8&qid=1532992327&sr=1-2&keywords=Paul+Craig+Roberts+books&dpID=51HWdHsbtFL&preST=_SY291_BO1,204,203,200_QL40_&dpSrc=srch

America is a country hollowed out by the short-term greed of the ruling class and its shills in the economics profession and in Congress. Capitalism only works for the few. It no longer works for the many.

On national security grounds Trump should respond to Ford’s announcement of offshoring the production of Ford Focus to China by nationalizing Ford. Michigan’s payrolls and tax base will decline and employment in China will rise. We are witnessing a major US corporation enabling China’s rise over the United States. Among the external costs of Ford’s contribution to China’s GDP is Trump’s increased US military budget to counter the rise in China’s power.

Trump should also nationalize Apple, Nike, Levi, and all the rest of the offshored US global corporations who have put the interest of a few people above the interests of the American work force and the US economy. There is no other way to get the jobs back. Of course, if Trump did this, he would be assassinated.

America is ruled by a tiny percentage of people who constitute a treasonous class. These people have the money to purchase the government, the media, and the economics profession that shills for them. This greedy traitorous interest group must be dealt with or the United States of America and the entirety of its peoples are lost.

In her latest blockbuster book, Collusion, Nomi Prins documents how central banks and international monetary institutions have used the 2008 financial crisis to manipulate markets and the fiscal policies of governments to benefit the super-rich.

 
• Category: Economics • Tags: Housing, Poverty 
🔊 Listen RSS

The United States government has never allowed independent governments in Latin America. Every time people elect a government that represents them instead of US economic interests, Washington overthrows the elected government. Marine General Smedley Butler told us this as have many others. There is no doubt about it.

Currently Washington is trying to overthrow the governments of Venezuela and Nicaragua and has bought off the Ecuadorian government with oil purchases and the usual personal bribes. Evo Morales government in Bolivia is also targeted by Washington. The Obama regime succeeded in removing the reform governments in Honduras, Argentina, and Brazil.

Reform governments in Latin America, except for Castro’s Cuba, always leave themselves set-up to be overthrown. They foolishly or impotently permit Washington’s agents, such as the National Endowment for Democracy, the US Agency for International Development, and various so-called NGOs, whose purpose is to maintain Washington’s control and overthrow every government that escapes control, to organize and fund opposition groups and media that work hand-in-hand with Washington to reinstall a Washington-compliant government.

As Marx, Lenin, Mao, and Pol Pot understood, you cannot overthrow an oppressor class if you leave them unmolested. Whether from weakness or stupidity, Latin American reform governments always leave the electorally defeated oppressor class and its economic and media power unmolested. When Washington reinstalls the oppressor class, the same tolerance is never shown to the overthrown reformers who usually pay with their lives.

All Latin American reform efforts have made the foolsh mistake of leaving the oppressor class with their newspapers and their traitorous connections to Washington in place, including the government of President Ortega in Nicaragua. One would think that Ortega would know better. Washington has been trying to get rid of Ortega and the Sandinistas since the Reagan administration. His government has survived the latest Washington-led coup attempt, but Washington is pouring more money into the effort. Read Kevin Zeese’s report here: http://www.informationclearinghouse.info/49933.htm

Hugo Chavez made the same mistake in Venezuela, and his successor has repeated the mistake. The post-Castro Cuban government is now also falling into the trap of becoming an American vassal as it was under Fulgencio Batista.

The Monroe Doctrine has always been glorified in US textbooks as warning European colonialists away from Latin America. The Americans intended it for themselves and succeeded in keeping Latin America as a colony. The Organization of American States has always been in Washington’s pocket and remains there today. Latin America accepts its colonized existence and does not come to the aid of those democratic governments that Washington targets for overthrow. Latin America is impotent, because its leaders are paid off, blackmailed, or threatened by Washington.

Washington has pretended forever to be the great friend and protector of democracy, but every time an independent government comes into existence in Latin America, Washington overthrows it.

In 2015 President Barack Obama, America’s first Black President and “great friend of the oppressed,” citing “the unusual and extraordinary threat to the national security and foreign policy of the United States posed by Venezuela,” signed an executive order and imposed sanctions. Obama’s excuse was the Washington-incited violence that led to the arrest of some of those committing acts of violence. Washington quickly termed the criminals Washington had incited “political prisoners” and called for “dialogue” instead of “silencing critics with arrests.” Washington declared the arrests of those commiting acts of violence to be “human rights violations by the Venezuelan government.” http://www.msnbc.com/msnbc/obama-declares-venezuela-national-security-threat-imposes-sanctions

In other words, the Venezuelan government was violating Washington’s human rights to overthrow the Venezuelan government.

The presstitutes reported this with a straight face.

A government that has no shame whatsoever in telling the most transparent lies while actively trying to overthrow a democratically elected government is a government that deserves universal condemnation. Yet the world is too well paid off or scared to open its mouth.

 
• Category: Foreign Policy • Tags: American Military, Latin America, Neocons 
Paul Craig Roberts
About Paul Craig Roberts

Paul Craig Roberts has had careers in scholarship and academia, journalism, public service, and business. He is chairman of The Institute for Political Economy.

Dr. Roberts has held academic appointments at Virginia Tech, Tulane University, University of New Mexico, Stanford University where he was Senior Research Fellow in the Hoover Institution, George Mason University where he had a joint appointment as professor of economics and professor of business administration, and Georgetown University where he held the William E. Simon Chair in Political Economy in the Center for Strategic and International Studies.

Dr. Roberts was associate editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service. He was a nationally syndicated columnist for Creators Syndicate in Los Angeles. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists in the United States.

President Reagan appointed Dr. Roberts Assistant Secretary of the Treasury for Economic Policy and he was confirmed in office by the U.S. Senate. From 1975 to 1978, Dr. Roberts served on the congressional staff where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy. After leaving the Treasury, he served as a consultant to the U.S. Department of Defense and the U.S. Department of Commerce.