Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
59 comments

OpEdNews Op Eds

Is the US or the World Coming to an End? It will be one or the other

By (about the author)     Permalink       (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 15   Supported 10   Valuable 8  
View Ratings | Rate It

Headlined to H2 4/10/14
Become a Fan
  (377 fans)

opednews.com

Source: Paul Craig Roberts


Is the age of vast, multi-national states coming to an end?
(image by Southern Nationalist)


2014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve's declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed's illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar's value from QE.

The other pressure arises from the Obama regime's foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington's abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington's political hegemony.

Russia and China have had enough. As I have reported and as Peter Koenig reports here, Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.

This means a big drop in the demand for US dollars and a corresponding drop in the dollar's exchange value.

As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar's value will raise US prices and push living standards lower.

All evidence points to US economic failure in 2014, and that is the conclusion of John Williams' April 9 report.

This year could also see the breakup of NATO and even the EU. Washington's reckless coup in Ukraine and threat of sanctions against Russia have pushed its NATO puppet states onto dangerous ground. Washington misjudged the reaction in Ukraine to its overthrow of the elected democratic government and imposition of a stooge government. Crimea quickly departed Ukraine and rejoined Russia. Other former Russian territories in Ukraine might soon follow. Protesters in Lugansk, Donetsk, and Kharkov are demanding their own referendums. Protesters have declared the Donetsk People's Republic and Kharkov People's Republic. Washington's stooge government in Kiev has threatened to put the protests down with violence. Washington claims that the protests are organized by Russia, but no one believes Washington, not even its Ukrainian stooges.

Russian news reports have identified US mercenaries among the Kiev force that has been sent to put down the separatists in eastern Ukraine. A member of the right-wing, neo-Nazi Fatherland Party in the Kiev parliament has called for shooting the protesters dead.

Violence against the protesters is likely to bring in the Russian Army and result in the return to Russia of its former territories in Eastern Ukraine that were attached to Ukraine by the Soviet Communist Party.

With Washington out on a limb issuing threats hand over fist, Washington is pushing Europe into two highly undesirable confrontations. Europeans do not want a war with Russia over Washington's coup in Kiev, and Europeans understand that any real sanctions on Russia, if observed, would do far more damage to Europeans. Within the EU, growing economic inequality among the countries, high unemployment, and stringent economic austerity imposed on poorer members have produced enormous strains.

Europeans are in no mood to bear the brunt of a Washington-orchestrated conflict with Russia. While Washington presents Europe with war and sacrifice, Russia and China offer trade and friendship. Washington will do its best to keep European politicians bought-and-paid-for and in line with Washington's policies, but the downside for Europe of going along with Washington is now much larger.

Across many fronts, Washington is emerging in the world's eye as duplicitous, untrustworthy, and totally corrupt. A Securities and Exchange Commission prosecuting attorney, James Kidney, used the occasion of his retirement to reveal that higher ups had squelched his prosecutions of Goldman Sachs and other "banks too big to fail," because his SEC bosses were not focused on justice but "on getting high-paying jobs after their government service" by protecting the banks from prosecution for their illegal actions.

The US Agency for International Development has been caught trying to use social media to overthrow the government of Cuba.

This audacious recklessness comes on top of Washington's overthrow of the Ukrainian government, the NSA spying scandal, Seymour Hersh's investigative report that the Sarin gas attack in Syria was a false flag event arranged by NATO member Turkey in order to justify a US military attack on Syria, Washington's forcing down Bolivian President Evo Morales' presidential plane to be searched, Saddam Hussein's "weapons of mass destruction," the misuse of the Libyan no-fly resolution for military attack, and on and on. Essentially, Washington has so badly damaged other countries' confidence in the judgment and integrity of the US government that the world has lost its belief in US leadership. Washington is reduced to threats and bribes and increasingly presents itself as a bully.

The self-inflicted hammer blows to Washington's credibility have taken a toll. The most serious blow of all is the dawning realization everywhere that Washington's crackpot conspiracy theory of 9/11 is false. Large numbers of independent experts as well as more than 100 first responders have contradicted every aspect of Washington's absurd conspiracy theory. No aware person believes that a few Saudi Arabians, who could not fly airplanes, operating without help from any intelligence agency, outwitted the entire National Security State, not only all 16 US intelligence agencies but also all intelligence agencies of NATO and Israel as well.

Next Page  1  |  2

 

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 book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Libya - The DC/NATO Agenda And The Next Great War

The Road to Armageddon

American Job Loss Is Permanent

A Story...The Last Whistleblower

Pakistan TV Report Contradicts US Claim of Bin Laden's Death

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
22 people are discussing this page, with 59 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

It will be neither. The world will not end, and Am... by E. J. N. on Thursday, Apr 10, 2014 at 2:27:05 PM
I'm with you EJN.  Just don't know if I'm as ... by Burl Hall on Thursday, Apr 10, 2014 at 5:10:02 PM
I know I'm not, but it's an outcome to be hoped fo... by Ron Brassfield on Friday, Apr 11, 2014 at 7:08:25 AM
Thanks, Burl. But if I sound confident it's only ... by E. J. N. on Friday, Apr 11, 2014 at 11:10:36 AM
A person of reason E.J.N! ... by Pal Palsimon on Friday, Apr 11, 2014 at 12:38:18 AM
Yes, EJN, the people will "rise-up" against this ... by Alan MacDonald on Friday, Apr 11, 2014 at 1:10:44 PM
Thank you Paul, right on target. One of the great ... by Jon Fox on Thursday, Apr 10, 2014 at 2:49:56 PM
Dr. Roberts: Wow! You have said it all. I have f... by Janet Gaudiello on Thursday, Apr 10, 2014 at 3:05:57 PM
I'll certainly echo that sentiment. ... by Ron Brassfield on Friday, Apr 11, 2014 at 7:11:14 AM
Indisputable facts that cut through all the Mains... by Gerard Ange' on Thursday, Apr 10, 2014 at 3:11:26 PM
When do we start the house cleaning? Yes. The n... by Pal Palsimon on Friday, Apr 11, 2014 at 12:40:07 AM
We do desperately need such candidates, but they a... by Ron Brassfield on Friday, Apr 11, 2014 at 7:35:26 AM
I would like to disambiguate collapse of the USD a... by Charles Roll on Thursday, Apr 10, 2014 at 3:32:07 PM
" Supply of gold is too inelastic to adjust to em... by Jim Miles on Thursday, Apr 10, 2014 at 8:35:38 PM
It is that very lack of elasticity which makes go... by Charles Roll on Thursday, Apr 10, 2014 at 11:37:16 PM
Well, don't laugh too loudly, but here's a guy who... by Pal Palsimon on Friday, Apr 11, 2014 at 12:47:07 AM
Assuming this to be true, the energy consumed is ... by Daniel Geery on Friday, Apr 11, 2014 at 12:30:07 PM
For an "Economist", I don't think Mr. Roberts und... by Paul Repstock on Thursday, Apr 10, 2014 at 3:41:42 PM
There are hundreds of trillions of dollars in lev... by Jim Miles on Thursday, Apr 10, 2014 at 8:40:43 PM
You write the illogical cant of the old Bugs. I c... by Paul Repstock on Thursday, Apr 10, 2014 at 11:26:04 PM
Your are correct with your analysis as per specul... by Jim Miles on Friday, Apr 11, 2014 at 10:22:12 AM
When thinking of gold, three things generally come... by Daniel Geery on Friday, Apr 11, 2014 at 12:51:26 PM
This is completely false: >>"As stocks fal... by Paul Repstock on Friday, Apr 11, 2014 at 12:58:57 AM
What effect does BRICS (Brazil, Russia, India, Chi... by Pal Palsimon on Friday, Apr 11, 2014 at 8:57:13 AM
China And Russia Are Ruthlessly Cutting The Legs ... by Pal Palsimon on Friday, Apr 11, 2014 at 9:16:00 AM
Okay point accepted, but what happens if the glob... by Jim Miles on Friday, Apr 11, 2014 at 10:27:56 AM
Dr. Roberts - I am convinced that an explosion of ... by lila york on Thursday, Apr 10, 2014 at 4:56:19 PM
Right on, Lila (and Paul).  Getting to the tr... by Steve Hudson on Thursday, Apr 10, 2014 at 7:07:39 PM
If we had no revolution when John F Kennedy was sh... by Pal Palsimon on Friday, Apr 11, 2014 at 12:53:22 AM
I agree, The general public knowing about this is ... by Catherine McCoy on Friday, Apr 11, 2014 at 5:06:05 PM
The WHO and HOW of 9/11 - readily avail... by Lance Ciepiela on Thursday, Apr 10, 2014 at 7:57:29 PM
Most people know, but..... no revolution? ... by Pal Palsimon on Friday, Apr 11, 2014 at 12:54:16 AM
I suppose it is not easy for a group to courageou... by Pal Palsimon on Friday, Apr 11, 2014 at 9:19:48 AM
It's really amazing - our president, our congress... by Lance Ciepiela on Friday, Apr 11, 2014 at 10:17:35 AM
Pal,  They really do NOT know ... by Catherine McCoy on Friday, Apr 11, 2014 at 5:20:19 PM
Maybe they are those who are blind and will not se... by Pal Palsimon on Saturday, Apr 12, 2014 at 3:05:22 AM
I worded that wrong the first time, meaning to say... by Pal Palsimon on Saturday, Apr 12, 2014 at 3:23:45 AM
Watch the video entitled "Everybody Has Got To Le... by John Russell on Thursday, Apr 10, 2014 at 10:55:15 PM
True awareness regarding 9/11 really might have ra... by Ron Brassfield on Friday, Apr 11, 2014 at 8:02:25 AM
I certainly agree with this, gave a thumbs up, but... by Daniel Geery on Friday, Apr 11, 2014 at 12:59:48 PM
We are headed to war.  No way they will let t... by Lester Shepherd on Thursday, Apr 10, 2014 at 7:44:22 PM
Or... under threat of such a conflagration, reboot... by Ron Brassfield on Friday, Apr 11, 2014 at 8:06:48 AM
Ah yes. This is the big fear for all of us. ... by Pal Palsimon on Saturday, Apr 12, 2014 at 3:10:21 AM
Paul, you note correctly, but in passing, that "Ot... by Alan MacDonald on Thursday, Apr 10, 2014 at 8:11:39 PM
Clearly, the cause of this looming WAR problem (... by Alan MacDonald on Thursday, Apr 10, 2014 at 8:16:59 PM
It is certainly hard to imagine (cynicism aler... by Alan MacDonald on Thursday, Apr 10, 2014 at 8:32:15 PM
Difference in semantics - and its not disguised, p... by Jim Miles on Thursday, Apr 10, 2014 at 8:43:06 PM
Jim, I'm sorry to be blunt, but I don't bother dis... by Alan MacDonald on Thursday, Apr 10, 2014 at 9:37:05 PM
I am quite familiar with Nick Turse's work and ha... by Jim Miles on Thursday, Apr 10, 2014 at 10:24:18 PM
Yes, Jim, I will need "best wishes" (and help from... by Alan MacDonald on Friday, Apr 11, 2014 at 10:44:17 AM
I would greatly value your help in any ways you... by Alan MacDonald on Friday, Apr 11, 2014 at 10:45:58 AM
At least our founding fore-fathers had the f*ck... by Alan MacDonald on Friday, Apr 11, 2014 at 10:48:38 AM
Working on it, but I'm no Paul Revere, and no grea... by Jim Miles on Friday, Apr 11, 2014 at 12:24:59 PM
This is an excellent article when it comes to fact... by Deena Stryker on Friday, Apr 11, 2014 at 11:45:51 AM
Hopefully it might be both. Really I am tired of ... by Paul Easton on Friday, Apr 11, 2014 at 11:51:36 AM
But if the Empire falls it will be really funny. ... by Paul Easton on Friday, Apr 11, 2014 at 12:39:58 PM
"The conclusion is increasingly difficult to avoi... by Simon Leigh on Friday, Apr 11, 2014 at 3:16:10 PM
Maybe so and maybe no. BUT it is quite clear to m... by Daniel Geery on Friday, Apr 11, 2014 at 8:24:11 PM
The 9/11 part of this article calls for clarific... by Daniel Noel on Saturday, Apr 12, 2014 at 12:42:22 AM