The new sanctions announced by Washington and Europe don’t seem to make much sense. I would be surprised if Russian oil and military industries were dependent on European capital markets in a meaningful way. The Russian companies should be able to secure adequate financing from Russian Banks or from the Russian government. If foreign loans are needed, Russia can borrow from China. If critical Russian industries are dependent on European capital markets, the sanctions will help Russia by forcing an end to this debilitating dependence. Russia should not be dependent on the West in any way.
Category: 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.
9/11 After 13 years The tragedy of September 11, 2001, goes far beyond the deaths of those who died in the towers and the deaths of firefighters and first responders who succumbed to illnesses caused by inhalation of toxic dust. For thirteen years a new generation of Americans has been born into the 9/11 myth that has been used to create the American warfare/police state. The corrupt Bush and Obama regimes used 9/11 to kill, maim, dispossess and displace millions of Muslims in seven countries, none of whom had anything whatsoever to do with 9/11. A generation of Americans has been born into distain and distrust of Muslims. A generation of Americans has been born into a police state in which privacy and constitutional protections no longer exist. A generation of Americans has been born into continuous warfare while needs of citizens go unmet. A generation of Americans has been born into a society in which truth is replaced with the endless repetition of falsehoods.
The labor force participation rate has declined from 66.5% in 2007 prior to the last downturn to 62.7% today. This decline in the participation rate is difficult to reconcile with the alleged economic recovery that began…
Official statements from the Russian government indicate that the president and foreign minister continue to rely on the good will of “our Western partners” to work out a reasonable diplomatic solution to the trouble in Ukraine caused by Washington. Not only is there no evidence of this good will in Western capitals, the hostile measures against Russia are increasing. Moreover, hostile measures are on the rise even though their main effect is to disadvantage Europe. For example, the socialist president of France has followed Washington’s orders and refused to deliver a ship that it owes to Russia under contract. The news reports are so incompetent that they do not say whether Russia has paid for the ship or whether payment was awaiting completion. If Russia has not already paid, then the failure to deliver will harm whoever financed the construction of the ship. If Russia has paid, then the idiot French president has placed France in violation of a contract and under international law France is subject to heavy financial penalties.
Herbert E. Meyer, a nutcase who was a special assistant to the CIA director for a period during the Reagan administration, has penned an article calling for Russian President Putin’s assassination. If we have “…
The latest Washington lie, this one coming from NATO, is that Russia has invaded Ukraine with 1,000 troops and self-propelled artillery. How do we know that this is a lie? Is it because we have heard nothing but lies about Russia from NATO, from US ambassador to the UN Samantha Power, from assistant secretary of state Victoria Nuland, from Obama and his entire regime of pathological liars, and from the British, German, and French governments along with the BBC and the entirety of the Western media? This, of course, is a good reason for knowing that the latest Western propaganda is a lie. Those who are pathological liars don’t suddenly start telling the truth. But there are even better reasons for understanding that Russia has not invaded Ukraine with 1,000 troops.
Having served Washington’s propaganda purposes, the downed Malaysian airliner and the alleged Russian armored column that entered Ukraine and was allegedly destroyed have dropped out of the news even though both stories remain completely and…
Are Western propagandists fooling anyone but themselves?The latest absurdity coming out of Ukraine, the EU and Washington is that the humanitarian aid that Russia and the Red Cross are trucking into the former Russian territories…
The consequence of Washington’s reckless and irresponsible political and military interventions in Iraq, Libya, and Syria has been to unleash evil. The various sects that lived in peace under the rule of Saddam Hussein, Gaddafi, and Assad are butchering one another, and a new group, ISIS, is in the process of creating a new state out of parts of Iraq and Syria. The turmoil brought into the Middle East by the Bush and Obama regimes has meant death and displacement for millions and untold future deaths. As I write 40,000 Iraqis are stranded on a mountain top without water awaiting death at the hands of ISIS, a creation of US meddling.
The consequence of Washington’s reckless and irresponsible political and military interventions in Iraq, Libya, and Syria has been to unleash evil. The various sects that lived in peace under the rule of Saddam Hussein, Gaddafi,…