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Paul Craig Roberts
Institute for Political Economy
The Stench of US Economic Decay Grows Stronger
On Thanksgiving eve the English language China Daily and People’s Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from…
Read more »The Stench of American Hypocrisy, Part 2
In a recent column, “The Stench of American Hypocrisy,” I noted that US public officials and media are on their high horse about the rule of law in Burma while the rule of law collapses unremarked in the US. Americans enjoy beating up other peoples for American sins. Indeed, hypocrisy has become the defining characteristic of the United States. Hypocrisy…
Read more »TSA Gestapo Empire
It doesn’t take a bureaucrat long to create an empire. John Pistole, the FBI agent who took over the Transportation Security Administration on July 1 told USA Today 16 days later that protecting trains and subways from terrorist attacks will be as high a priority for him as air travel. It is difficult to imagine New Yorkers being porno-screened and…
Read more »Burma Needs Rule Of Law—But So Does U.S.
Ten years of rule by the Bush and Obama regimes have seen the collapse of the rule of law in the United States. Is the American media covering this ominous and extraordinary story? No the American media is preoccupied with the rule of law in Burma (Myanmar). The military regime that rules Burma just released from house arrest the pro-democracy…
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Big Lies, Little Lies
If we cannot trust what the government tells us about weapons of mass destruction, terrorist events, and the reasons for its wars and bailouts, can we trust the government’s statement last Friday that the US economy gained 151,000 payroll jobs during October? Apparently not. After examining the government’s report, statistician John Williams (shadowstats.com) reported that the jobs were “phantom jobs”…
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The Impotence of Elections
In his historical novel, The Leopard, Giuseppe di Lampedusa writes that things have to change in order to remain the same. That is what happened in the US congressional elections on November 2. Jobs offshoring, which began on a large scale with the collapse of the Soviet Union, has merged the Democrats and Republicans into one party with two names. The…
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