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The 21st Century: An Era Of Fraud. “Anyone who still Believes in the Purity of US Foreign Policy is a Lost Soul” ~ hehe "anybody" who doesn't think that our "elites" aren't sick kooky inbred lowlife EVIL sick fucks ... well u's just R as kooky as "them" (elites) ...STILL think we's go~in the RIGHT~WAY ??? the WHOLE rest of the WORLD is look~in at U.S. ( u.s. cit's) & go~in ...WTF the matter wit u people
In
the last years of the 20th century fraud entered US foreign policy in a
new way. On false pretenses Washington dismantled Yugoslavia and
Serbia in order to advance an undeclared agenda.
In the 21st century this fraud multiplied many times.
Afghanistan, Iraq, Somalia, and
Libya were destroyed, and Iran and Syria would also have been destroyed
if the President of Russia had not prevented it. Washington is also
behind the current destruction of Yemen, and Washington has enabled and
financed the Israeli destruction of Palestine. Additionally, Washington
operated militarily within Pakistan without declaring war, murdering
many women, children, and village elders under the guise of “combating
terrorism.” Washington’s war crimes rival those of any country in
history.
I have documented these crimes in my columns and books (Clarity Press).
Anyone who still believes in the purity of Washington’s foreign policy is a lost soul.
Russia and China now have a strategic
alliance that is too strong for Washington. Russia and China will
prevent Washington from further encroachments on their security and
national interests. Those countries important to Russia and China will
be protected by the alliance. As the world wakes up and sees the evil
that the West represents, more counries will seek the protection of
Russia and China.
America is also failing on the economic front. My columns and my book, The Failure of Laissez Faire Capitalism,
which has been published in English, Chinese, Korean, Czech, and
German, have shown how Washington has stood aside, indeed cheering it
on, while the short-term profit interests of management, shareholders,
and Wall Street eviscerated the American economy, sending manufacturing
jobs, business know-how, and technology, along with professional
tradeable skill jobs, to China, India, and other countries, leaving
America with such a hollowed out economy that the median family income
has been falling for years. Today 50% of 25 year-old Americans are
living with their parents or grandparents because they cannot find
employment sufficient to sustain an independent existence. This brutal
fact is covered up by the presstitute US media, a source of fantasy
stories of America’s economic recovery.
The facts of our existence are so
different from what is reported that I am astonished. As a former
professor of economics, Wall Street Journal editor and Assistant
Secretary of the Treasury for Economic Policy, I am astonished at the
corruption that rules in the financial sector, the Treasury, the
financial regulatory agencies, and the Federal Reserve. In my day,
there would have been indictments and prison sentences of bankers and
high government officials.
In America today there are no free
financial markets. All the markets are rigged by the Federal Reserve
and the Treasury. The regulatory agencies, controlled by those the
agencies are supposed to regulate, turn a blind eye, and even if they
did not, they are helpless to enforce any law, because private interests
are more powerful than the law.
Even the government’s statistical
agencies have been corrupted. Inflation measures have been concocted in
order to understate inflation. This lie not only saves Washington from
paying Social Security cost-of-living adjustments and frees the money
for more wars, but also by understating inflation, the government can
create real GDP growth by counting inflation as real growth, just as the
government creates 5% unemployment by not counting any discouraged
workers who have looked for jobs until they can no longer afford the
cost of looking and give up. The official unemployment rate is 5%, but
no one can find a job. How can the unemployment rate be 5% when half of
25-year olds are living with relatives because they cannot afford an
independent existence? As John Williams (shadowfacts) reports, the
unemployment rate that includes those Americans who have given up
looking for a job because there are no jobs to be found is 23%.
The Federal Reserve, a tool of a small
handful of banks, has succeeded in creating the illusion of an economic
recovery since June, 2009, by printing trillions of dollars that found
their way not into the economy but into the prices of financial assets.
Artificially booming stock and bond markets are the presstitute
financial media’s “proof” of a booming economy.
The handful of learned people that
America has left, and it is only a small handful, understand that there
has been no recovery from the previous recession and that a new downturn
is upon us. John Williams has pointed out that US industrial
production, when properly adjusted for inflation, has never recovered
its 2008 level, much less its 2000 peak, and has again turned down.
The American consumer is exhausted,
overwhelmed by debt and lack of income growth. The entire economic
policy of America is focused on saving a handful of NY banks, not on
saving the American economy.
Economists and other Wall Street shills
will dismiss the decline in industrial production as America is now a
service economy. Economists pretend that these are high-tech services of
the New Economy, but in fact waitresses, bartenders, part time retail
clerks, and ambulatory health care services have replaced manufacturing
and engineering jobs at a fraction of the pay, thus collapsing effective
aggregate demand in the US. On occasions when neoliberal economists
recognize problems, they blame them on China.
It is unclear that the US economy can be
revived. To revive the US economy would require the re-regulation of
the financial system and the recall of the jobs and US GDP that
offshoring gave to foreign countries. It would require, as Michael
Hudson demonstrates in his new book, Killing the Host, a
revolution in tax policy that would prevent the financial sector from
extracting economic surplus and capitalizing it in debt obligations
paying interest to the financial sector.
The US government, controlled as it is
by corrupt economic interests, would never permit policies that impinged
on executive bonuses and Wall Street profits. Today US capitalism
makes its money by selling out the American economy and the people
dependent upon it.
In “freedom and democracy” America, the
government and the economy serve interests totally removed from the
interests of the American people. The sellout of the American people is
protected by a huge canopy of propaganda provided by free market
economists and financial presstitutes paid to lie for their living.
When America fails, so will Washington’s
vassal states in Europe, Canada, Australia, and Japan. Unless
Washington destroys the world in nuclear war, the world will be remade,
and the corrupt and dissolute West will be an insignificant part of the
new world.
The original source of this article is Global Research
Copyright © Dr. Paul Craig Roberts, Global Research, 2016
