Home
Paul Craig Roberts
Institute for Political Economy
Russians, Saudis Expect U.S. Attack On Iran
The US Congress, the US media, the American people, and the United Nations, are looking the other way as Cheney prepares his attack on Iran. If only America had an independent media and an opposition party. If there were a shred of integrity left in American political life, perhaps a third act of naked aggression–a third war crime under the…
Read more »
The Collapse of American Power
In his famous book, The Collapse of British Power (1972), Correlli Barnett reports that in the opening days of World War II Great Britain only had enough gold and foreign exchange to finance war expenditures for a few months. The British turned to the Americans to finance their ability to wage war. Barnett writes that this dependency signaled the end of…
Read more »Republicans and “Free Market” Zealots Bring Death To America
March 12. Crude oil for April delivery hit $110 per barrel. The US dollar fell to a new low against the Euro. It now takes $1.55 to purchase one Euro. These new highs against the dollar are the ongoing story of the collapse of the US dollar as world reserve currency and corresponding collapse of American power. Each new…
Read more »How to End the Subprime Crisis
Reforms often do more harm than good. This is currently the case with the “mark-to-market” rule, which is imploding the US financial system by requiring financial institutions to value subprime mortgages at their current market values. This makes a big problem for balance sheets. These financial instruments became troubled prior to a market being established for them, as they…
Read more »It Does Happen in America
Don Siegelman, a popular Democratic governor of Alabama, a Republican state, was framed in a crooked trial, convicted on June 29, 2006, and sent to federal prison by the corrupt and immoral Bush administration. The frame-up of Siegelman and businessman Richard Scrushy is so crystal clear and blatant that 52 former state attorneys general from across America, both Republicans and…
Read more »It Does Happen In America—The Political Trial of Don Siegelman
Don Siegelman, a popular Democratic governor of Alabama, a Republican state, was framed in a crooked trial, convicted on June 29, 2006, and sent to Federal prison by the corrupt and immoral Bush administration. The frame-up of Siegelman and businessman Richard Scrushy is so crystal clear and blatant that 52 former state attorney generals from across America, both Republicans and…
Read more »How Republicans Created Executive Branch Hegemony
Having made the mistake of confirming Michael Mukasey as US Attorney General, the Democrats again find their efforts to hold Republican government officials accountable for illegal and unethical behavior stonewalled by the Department of Justice (sic) and blocked by the brownshirt tactics for which the Bush Regime is now infamous. White House chief of staff Josh Bolten and former White…
Read more »