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Defeated By The Taliban, Washington Decides To Take On Russia And China

By       Message Paul Craig Roberts     Permalink
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The Obama regime's "Pivot to Asia" announced Washington's plan to surround China with naval and air bases and to interject Washington into every dispute that China has with Asian neighbors. China has responded to Washington's provocation by expanding its air space, an action that Washington calls destabilizing when in fact it is Washington that is destabilizing the region.

China is unlikely to be intimidated, but could undermine itself if its economic reform opens China's economy to western manipulation. Once China frees its currency and embraces "free markets," Washington can manipulate China's currency and drive China's currency into volatility that discourages its use as a rival to the dollar. China is disadvantaged by having so many university graduates from US universities, where they have been indoctrinated with Washington's view of the world. When these American-programmed graduates return to China, some tend to become a fifth column whose influence will ally with Washington's war on China.

So where does this leave us? Washington will prevail until the US dollar collapses.

Many support mechanisms are in place for the dollar. The Federal Reserve and its dependent bullion banks have driven down the price of gold and silver by short-selling in the paper futures market, allowing bullion to flow into Asia at bargain prices, but removing the pressure of a rising gold price on the exchange value of the US dollar.

Washington has prevailed on Japan and, apparently, the European Central Bank, to print money in order to prevent the rise of the yen and euro to the dollar.

The Trans-Pacific and Trans-Atlantic Partnerships are designed to keep countries in the US dollar payments system, thus supporting the dollar's value in currency markets.

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Eastern European members of the EU that still have their own currencies have been told that they must print their own currencies in order to prevent a rise in their currency's value relative to the US dollar that would curtail their exports.

The financial world is under Washington's thumb. And Washington is printing money for the sake of 4 or 5 mega-banks.

That should tell the protestors in Ukraine all they need to know.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

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