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Dr. Paul Craig Roberts Is A Former Treasury Secretary Who Actually Cares

Rahul D. Manchanda, Esq.

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[yt_dropcap type=”square” font=”” size=”14″ color=”#000″ background=”#fff” ] H [/yt_dropcap] ere’s an idea – how about appointing a US Treasury Secretary who actually cares for the ultimate welfare of the American People and the United States of America for a change, as opposed to using his position as a “revolving door” a la the cadre of treasonous “America-last” gaggle of premeditated criminals merely taking a leave of absence from their full-time jobs at Goldman Sachs and Covington & Burling LLP?

The American economy and its engineered 2008 crash wrought by such “financial luminaries” as Robert Rubin, Larry Summers, Gene Sperling, Hank Paulson, Tim Geithner, and others, has left a lasting effect, if not almost the total destruction of, the American Economy.

Much has been written about how the above cabal literally, beginning with when they were working under the Bill Clinton presidency, forced and coerced Mr Clinton to repeal the Glass-Steagall Act, which was the barrier separating risky investment bank behavior from “mom and pop” checking accounts and savings, thus essentially imbuing these massive financial institutions to proceed unfettered towards the shark-infested waters of bad deals, risky investments, speculative spending, and other crazy financial stunts, for “high-risk/high-yield” Pyramid and Ponzi schemes more akin to a night at a seedy Las Vegas casino, rather than what should supposedly have been judicious, well-planned, and risk-averse behavior on behalf of these banking behemoths.

Simultaneously, these same organized criminals used the Housing and Urban Development (“HUD”) headed up by then chief Andrew Cuomo to put enormous pressure on such loan entities as Fannie Mae and Freddie Mac to lower and reduce the credit requirements to purchase a million dollar home, so that every burger flipper across America could buy a financial and un-payable “albatross” around their neck, and when the Federal Reserve eventually removed cash liquidity from the markets, all of these new “homeowners” literally found themselves on a merry-go-round that suddenly stopped, with their monthly mortgage payments coming due, but no jobs or cash to pay them, thus resulting in tens of millions of massive housing defaults across the country.

Even more sickeningly, Goldman Sachs and others only a few years earlier created a “reverse credit swap derivative,” betting on the ultimate failure within the housing market, again earning countless billions when this inevitable “housing bubble” burst.

Are these the same kind of people we want back in the United States Treasury, engineering our “economic recovery?”

These bankers, unfettered by the protections guaranteed by Glass-Steagall, could feel confident that even if their bad investments went completely and totally south, that they would eventually be bailed out by none other than the American taxpayer – and that’s exactly what happened.

But what about a former Assistant US Treasury Secretary, who previously was appointed by, and served under, one of the greatest U.S. Presidents of all time, Ronald Reagan, and who was actually instrumental in pulling America out of the quagmire of idiotic and out of control government spending, a lazy un-stimulated economy, and the general malaise of the 1970s “disco economy” manned and presided over by Democrat President Jimmy Carter?

That individual is none other than the great Dr. Paul Craig Roberts, hero to the 300 million strong American people, personal mentor to hundreds of thousands, and demonstrated enemy of the Oligarchy/Plutocracy Deep State Elite, the latter of whom have been shown the proverbial “door” by the American people in their overwhelming support of President-Elect Donald J. Trump.

The American People were able to hoist Donald Trump to the presidency even in the face of the overwhelming “cheating mechanisms” of the Deep State Oligarch Elite with their complete and total brainwashing control of the Mainstream Media, the awesome buying power of the international bankers, the co-opting of the vast majority of our legislative (senate and congress)/judiciary/executive branches, the “black bag/covert operations/color revolutions” of Deep State agent provocateurs such as George Soros who previously used to only direct his regime change operations against foreign governments rather than fomenting “purple” revolutions here at home?

Dr Paul Craig Roberts has been critical of the United States Department of the Treasury and the U.S. financial regulatory authorities – particularly of the actions of the Federal Reserve System – from former Chairmen Alan Greenspan and Ben Bernanke’s terms to current Chairwoman Janet Yellen via quantitative easing policies and low interest rates, the latter of which he has argued (due to his view that official government data is biased) are actually negative interest rates.

One only has to peruse the countless and brilliantly incisive books and articles penned by Dr. Paul Craig Roberts over the past few decades, and especially within the past few years, freely available on the internet and in hard book format, to clearly and easily discern just what this man stands for, what his expertise is, how much he loves the United States of America, how much he values peace and the avoidance of “stupid foreign wars,” his support, hope for, and measured loyalty to the incoming Donald Trump Administration (for Trump, “loyalty is key”), his overall and general distrust for the U.S. Government and the awesome power it yields, his suspicion over the latest du jour “terrorist attacks” all over the world which he, as do the vast majority of Americans, believe are nothing but “false flags” designed to keep Americans and the rest of the global populace afraid and compliant, ever ready to sacrifice and un-yieldingly relinquish even more of their God-given human rights, civil liberties, and constitutional protections for the sake of “state-sanctioned security” from the fabricated “boogeymen” of the Western/Saudi/Israeli/Turkish Intelligence Services known as ISIS or Al Qaeda.

His written works have also addressed and criticized outsourcing, economic deregulation, privatization of social services, Wall Street finance fraud and lax enforcement of environmental protection laws, as well as been a vocal opponent of taxing social-security payments, holding that this amounts to a “tax on a tax” or privatizing social-security believing this would create an opportunity for speculators to play with and lose the hard-earned savings of retirees.

There could be no better ally of the American People (and the Donald Trump administration) within the United States Treasury than Dr. Paul Craig Roberts, as he would be “our man within the US Treasury,” and would take control and design the much anticipated economic recovery, so badly needed by the citizenry.

He has already done it before, successfully, under the Reagan Administration, and he could easily and handily do it again under Trump.

Dr Paul Craig Roberts was born on April 3, 1939, and is often times described as an American economist, journalist, blogger and former civil servant.

He reached the height of his government career when he became the United States Assistant Secretary of the Treasury for Economic Policy under President Reagan in 1981.

In office he and his staff successfully combated the stagflation (price-inflation and stagnation) then plaguing the American Economy.

Tighter monetary policy was used to restrain inflation, in addition lower marginal tax rates were used to increase the rewards to work and investment.

In recognition, he was awarded the US Treasury’s Meritorious Service Award for “outstanding contributions to the formulation of United States economic policy.”

Dr Paul Craig Roberts has also been a huge supporter of common human decency, both in the United States and abroad, as a supporter of the human rights of the population of the West Bank, and he has criticized Israel’s policies and harsh actions against the Palestinians as well as speaking out against what he calls the Israel Lobby’s malign influence within US politics and academia.

Dr. Roberts is a graduate of the Georgia Institute of Technology (B.S. in Industrial Engineering) and holds a PhD from the University of Virginia.

He was a postgraduate at the University of California, Berkeley, and at Merton College, Oxford University.

From 1975 to 1978, Roberts served on congressional staff. As economic counsel to Congressman Jack Kemp, he drafted the Kemp-Roth bill (which became the “Economic Recovery Tax Act of 1981). He played a leading role in developing bipartisan support for a supply-side economic policy.

Due to his influential 1978 article on tax burden for Harper’s Magazine while economic counsel to Senator Orrin Hatch, the Wall Street Journal editor Robert L. Bartley offered him an editorial slot.

He wrote for the WSJ until 1980.

He was a senior fellow in political economy at the Center for Strategic and International Studies, then part of Georgetown University.

From early 1981 to January 1982, Roberts served as assistant secretary of the treasury for economic policy, wherein President Ronald Reagan and Treasury Secretary Donald Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department’s Meritorious Service Award for “outstanding contributions to the formulation of United States economic policy.”

After his time in government he turned to journalism, holding positions of editor and columnist for the Wall Street Journal, columnist for Business Week, and the Scripps Howard News Service as well as contributing editor to Harper’s Magazine.

In addition to numerous guest and visiting-professorships at US universities, he was professor of business administration and professor of economics at George Mason University and was the inaugural William E. Simon Chair in Political Economy at Georgetown University, serving for 12 years.

From 1993 to 1996, he was a Distinguished Fellow at the Cato Institute.

He also was a Senior Research Fellow at the Hoover Institution.

This is another thing Donald Trump and Dr Paul Craig Roberts have in common – they are both former “insiders” who turned against the Establishment as an overwhelming gesture of heroic self-sacrifice to the American people, rather than continuing to “play the game” in order to keep enriching their own pockets at the expense of the American People and the United States.

Dr Roberts also has the great love and respect of foreign nations, governments, and dignitaries as did other previous and legendary US Government/Statesmen luminaries in centuries past, as Benjamin Franklin and Thomas Jefferson – in 1987 the French government recognized him as “the artisan of a renewal in economic science and policy after half a century of state interventionism,” and inducted him into the Legion of Honor on March 20, 1987.

The French Minister of Economics and Finance, Edouard Balladur, came to the US from France to present the medal to Roberts.

In 1992, Roberts received the Warren Brookes Award for Excellence in Journalism from the free-market American Legislative Exchange Council (ALEC).

In 1993 the Forbes Media Guide ranked him as one of the top seven journalists in the United States.

In 2015, the Mexican Press Club awarded Dr. Roberts its International Award For Excellence In Journalism in recognition of his lifelong commitment to truth and unbiased-reporting in exposing the inner workings of the global economic power-structure.

Dr Paul Craig Roberts has written that “true conservatives” were the “first victims” of the neo-cons of the Bush administration.

He has criticized the Bush tax cuts, believing they “were nothing but a greedy grab” and were “not necessary policy adjustments but rewards to the mega-rich who underwrite political careers and provide grants to economic departments and think tanks,” however, also stating that “they are not a significant cause of today’s inequality.”

Of the 9/11 Commission Report, Dr Paul Craig Roberts wrote in 2006, “One would think that if the report could stand analysis, there would not be a taboo against calling attention to the inadequacy of its explanations.” (see Criticisms of the 9/11 Commission Report).

He has asserted there is a large “energy deficit” in the official account of the collapse of the three WTC buildings, and this deficit remains unexplained.

This is yet another, out of thousands, of common ground similarities currently shared by President-Elect Donald Trump and Dr Roberts – truly a government partnership/marriage made in heaven.

Roberts commented on the “scientific impossibility” of the official explanation for the events on 9/11, as did Donald Trump in a television interview when the Towers first went down in 2001.

On August 18, 2006, he wrote: “I will begin by stating what we know to be a solid incontrovertible scientific fact. We know that it is strictly impossible for any building, much less steel columned buildings, to ‘pancake’ at free fall speed. Therefore, it is a non-controversial fact that the official explanation of the collapse of the WTC buildings is false…. Since the damning incontrovertible fact has not been investigated, speculation and ‘conspiracy theories’ have filled the void.”

He has written or co-written 12 books, contributed chapters to numerous books, and published many articles in scholarly journals.

Dr Paul Craig Roberts, like President-Elect Donald Trump, has ultimate intestinal fortitude, as is evident by his countless papers, treatises, books, and articles, where he demonstrates an All-American fearlessness coupled with ingenuity, brilliance, common-sense, and stalwartness totally absent in our treasury departments over the past few decades.

President-Elect Donald Trump should give due consideration and thought to Dr Paul Craig Roberts to be United States Secretary of the Treasury, a living legend who is truly a testament to everything that is, and always has been, Great about America.

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Confronting the Shadow of Colonialism in Trump’s America

Nozomi Hayase

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August 2018 marked the anniversary of civil unrest in Charlottesville, Virginia where white nationalists clashed with counter-protesters. Then, President Donald Trump in his response to this event empowered ultra-right and racist groups by blurring the line of responsibility with the rhetoric of “blame on both sides.” Now, in condemning the horrific tragedy that took place last year, he maintained his stance with wording of “all types of racism and acts of violence.”

The victory of Trump in the 2016 presidential election brought a demise of the U.S. political establishment. As the legitimacy of institutions weakened, the veil of reality has now been lifted. Like the scenery kept hidden in the darkness of night, what was condemned, denied and kept secret in this society was now freed, entering the light of day.

Trump’s campaign slogan ‘make America great again’ captured the minds of many who are disenfranchised by the system. Patriotism that was quickly harnessed is now summoned for all to obey the rules of patriarchy and worship the glory of military might. As Trump administration carries on the legacy of U.S. imperialism, American exceptionalism of the Obama era appeared to gain another meaning.

The rhetoric of ‘putting the nation first’ also struck a chord with white supremacist groups that till now were more on the fringe. With Trump’s xenophobia and racism manifested in the Muslim ban as well as transgender military exclusion and deportation of Mexicans with a policy of separating families at a border, the notion of American superiority in the world became white exceptionalism.

Barbarians inside civilization

How did we get here? While many people were caught by surprise by the growing power of extremists that try to regress America into a pre-Civil War era, this return of European identity was not created overnight.

White supremacy has been a fabric of the political, economic and cultural system of the U.S., woven into every aspect of our lives. In fact, it has been a dominant force that shaped the world of past centuries. Since the Age of Discovery, civilization of the earth has become synonymous with European colonization of the world. Frantz Fanon, who studied the black psyche in the white world in the context of the Algerian resistance to French colonialism shared his own experience of colonial identification. In Black Skin, White Masks he made a sad predicament, saying “There is but one destiny for the black man. And it is white.”

The law of conquest of the Old World crept its way into the New World. As early settlers of North America were trying to free themselves from Great Britain and its king, Europe’s ambition to enlighten ignorance and bring order to an archaic force of nature became a new mission of Manifest Destiny to master the American continent.

The history of America carries contradictions manifested in hypocrisies of the original framers of country. Here we find the seed for Trump’s America that tries to create a republic for a few, who are deemed superior to humanity. On one hand, the U.S. Constitution laid the foundation for the rights of individuals, halting the rule of monarchy of that time. On the other hand, this new nation of law, with democratic principles contained the darkness of genocide of Native Americans, slavery of blacks and the oppression of women and minorities.

The idea of equality in the Declaration of Independence that inspired the hearts of many, has remained as empty words and for some appeared as blunt lies. The light-skinned men asserting themselves as God’s chosen race crusaded to civilize Turtle Island. In their self-righteousness, they were blind to their own barbarian within that slaughtered natives, enslaved blacks by treating them as subhumans, while subjugating women as objects.

American dream and the myth of equality

The savage beast inside America has been made invisible, covered up by a symbol of flags and legends that turned European colonists into pioneers, heroes and patriots. In the post-industrial era, the primitive man within civilization seemed to have found its vehicle in the new brand of national identity.

Psychologist Philip Cushman observed the emergence of a particular configuration of self in the post WWII United States. He characterized it as a self that “has specific psychological boundaries, a sense of personal agency that is located interiorly, and a wish to manipulate the external world for its own personal ends.”

He defined it “a kind of masterful, bounded self: the empty self” and described it as a psychological condition “that experiences a significant absence of community, tradition, and shared meaning” and that “embodies the absence, loneliness, and disappointments of life as a chronic, undifferentiated emotional hunger.” Then, he pointed out how this internal emptiness was used to fuel “the mindless, wasteful consumerism of the late twentieth century.”

The beast entered a vacuum at the core of individual identity, channeling people’ desires into the consumer economy to feed itself. Through beautiful images of affluent life displayed in ads, TV commercials and Hollywood movies, the glamour of American upper-middle class was created. This life style image was sold like a new product promised to make us whole. The narrative of the American dream was used as a sales pitch. It was the idea that with basic hard work and talent, anyone can succeed economically, regardless of their class or race. Enticed by this promise of social meritocracy, people entered into a market to compete in the pursuit of happiness defined by material wealth.

Individual’s urge to fulfill endless personal desires now merged with the unbridled greed of capitalism. Many began chasing after status, careers, and money to climb up the ladder of success that preserves the colonial hierarchy in a form of an economic class.

Crumbling illusion of democracy

The American dream and its myth of equal opportunity further erased awareness of racial injustice and colonial oppression. The virtue of liberty that is now uprooted from its foundation of equality became an ideology of neoliberalism. Along with it came the birth of corporate America that enshrines white supremacy through radical deregulation and expands its power under a façade of democracy.

In Empire of Illusion: The End of Literacy and the Triumph of Spectacle, journalist and author Chris Hedges described how “the America we celebrate is an illusion” where “the words consent of the governed have become an empty phrase.”Hiding behind the anonymity of a corporate state, a master oligarchic class orchestrates the lesser of two evil politics to control citizens who are now turned into obedient consumers. They make sure with both Democrat or Republican presidents, that no matter who gets elected, white privilege always remains as a Washington consensus.

Obama, the first black president was installed as a symbol of progress and racial equality to make people entangle with empire’s illusion and keep the status quo of white color domination.Consumed by their own desires, Americans became self-absorbed, not being able to see the oppression created by their own government around the world. They became blind to colonization enacted under the name of globalization with exploitative economic practice of sweatshop labor, trade agreements like WTO and NAFTA and military intervention for resource grabs. By not being able to see the empire’s predation, people no longer feel burdened with the suffering of others. Silence becomes complacency and the sense of morality becomes dull.

Now, economic stagnation is shrinking the middle class. This consumer nation has begun to starve, losing means to soothe its internal emptiness. As the illusion of democracy starts to crumble, many people are gradually waking up from the American dream to see the ugliness that surrounds them. James Baldwin said, “I imagine one of the reasons people cling to their hates so stubbornly is because they sense, once hate is gone, they will be forced to deal with pain.” Some react to Trump’s rhetoric of hate with similar hate. They direct anger to others, blaming each other for sabotaging the supposed beautiful life that they once thought they had.

Transforming outrage into courage

Trump and the resurgence of white supremacy opened eyes to the forbidden scenery that has long remained unseen, by keeping all in a fantasy of illusory light. We are now beginning to see ourselves surrounded by a corporate wasteland where depravity of conscience fails to tame unruly cowboys, who under the banner of profit at any cost continue this plunder.

In this moral desert, we are visited by phantoms of our own shadow. The new face of this American leader presents a mirror through which we see our culture’s own nothingness, masking insecurity and inadequacy in a façade of a ‘masterful self’. Reflected in this is our unknown self, forgotten and denied. It is that which compels us to grab power, while demanding and demeaning others in order to fulfill our narcissistic desire, promoted by this consuming corporate capitalism.

From refugees, gays, blacks and the poor, we begin to hear cries of those who have been exiled from an American middle class bubble of insulated reality. Standing next to victims of systemic oppression is the colonizer within each of us. Enslaved by internal hunger, they acquiesce to a system of patriarchy that binds all to shadows from the past.

For so long, we have been made to feel powerless and conditioned to seek approval from outside authority. Instead of finding answers within, many look to teachers and politicians who pretend to offer solutions to problems. We succumb to the orders of corporate masters for financial security and try to find value and meaning in commercial goods, seeking for validation in expert opinion. By doing so, we lose touch with our authentic selves and give away our own power.

The Trump presidency unsealed the demon inside the history of America that has been devouring the heart that remembers our intrinsic connection. The darkness we face now challenges all to find strength to fill the void inside ourselves that predators have been latching onto. Austrian philosopher Rudolf Steiner elucidated the role of evil and how it helps educate us to freedom and love:

“Love would be impossible for man and freedom would be impossible for man without the possibility of sailing down into the abyss. A man unable of his own free decision to choose good or evil, would be a being only led on a leading string to a good which must be attained of necessity and who had no power to choose the good of his own fully purified will, by the love which springs from freedom.”

Within days of Trump’s inauguration, people took to the streets to protest against this new commander in chief. While fear spreads across U.S. cities, people’s will to stand united against his hateful ideology is creating a nationwide movement. With slogans of ‘love’, people march arm in arm, trying to defeat hatred. Yet in order for this solidarity to become real resistance, our love has to go beyond passion, indignation and even compassion for the oppressed. Love that overcomes hate is an act of courage, chosen by each of us out of our own free resolution, to eradicate all terror that tries to freeze our hearts and govern our actions under the dictate of the mind. Courage is not an absence of fear, but is an act carried out despite that fear.

This love resuscitates the breath of life that inspired the truth held to be self-evident by the founders. We discover the wisdom that has always been there, guarded by the First Nations. It is supremacy of the heart—the love for our brothers and sisters that can overcome the love of power.

This transition to new political power brings us to a time of decision. We now have a choice. Outrage toward injustice can become the fire to destroy, fueling civil wars between one another. Or, it can be transformed into courage to dethrone the corporate aristocracy and restore the reign of the heart. A new light emerges that could truly enlighten the world. It is a light drawn from the darkness, dissolving the illusion of colonial hierarchy and illuminating the way for all to come home.

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Why Trump Cancelled the Iran Deal

Eric Zuesse

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The following is entirely from open online sources that I have been finding to be trustworthy on these matters in the past. These sources will be linked-to here; none of this information is secret, even though some details in my resulting analysis of it will be entirely new.

It explains how and why the bottom-line difference between Donald Trump and Barack Obama, regarding U.S. national security policies, turns out to be their different respective estimations of the biggest danger threatening the maintenance of the U.S. dollar as the world’s leading or reserve currency. This has been the overriding foreign-policy concern for both Presidents.

Obama placed as being the top threat to the dollar, a breakaway of the EU (America’s largest market both for exports and for imports) from alliance with the United States. He was internationally a Europhile. Trump, however, places as being the top threat to the dollar, a breakaway of Saudi Arabia and of the other Gulf Arab oil monarchies from the United States. Trump is internationally a Sunni-phile: specifically a protector of fundamentalist Sunni monarchs — but especially of the Sauds themselves — and they hate Shia and especially the main Shia nation, Iran.

Here’s how that change, to Saudi Arabia as being America’s main ally, has happened — actually it’s a culmination of decades. Trump is merely the latest part of that process of change. Here is from the U.S. State Department’s official historian, regarding this history: By the 1960s, a surplus of U.S. dollars caused by foreign aid, military spending, and foreign investment threatened this system [the FDR-established 1944 Bretton Woods gold-based U.S. dollar as the world’s reserve currency], as the United States did not have enough gold to cover the volume of dollars in worldwide circulation at the rate of $35 per ounce; as a result, the dollar was overvalued. Presidents John F. Kennedy and Lyndon B. Johnson adopted a series of measures to support the dollar and sustain Bretton Woods: foreign investment disincentives; restrictions on foreign lending; efforts to stem the official outflow of dollars; international monetary reform; and cooperation with other countries. Nothing worked. Meanwhile, traders in foreign exchange markets, believing that the dollar’s overvaluation would one day compel the U.S. government to devalue it, proved increasingly inclined to sell dollars. This resulted in periodic runs on the dollar.

It was just such a run on the dollar, along with mounting evidence that the overvalued dollar was undermining the nation’s foreign trading position, which prompted President Richard M. Nixon to act, on August 13, 1971 [to end the convertibility of dollars to gold].

When Nixon ended the gold-basis of the dollar and then in 1974 secretly switched to the current oil-basis, this transformation of the dollar’s backing, from gold to oil, was intended to enable the debt-financing (as opposed to the tax-financing, which is less acceptable to voters) of whatever military expenditure would be necessary in order to satisfy the profit-needs of Lockheed Corporation and of the other U.S. manufacturers whose only markets are the U.S. Government and its allied governments, as well as of U.S. extractive industries such as oil and mining firms, which rely heavily upon access to foreign natural resources, as well as of Wall Street and its need for selling debt and keeping interest-rates down (and stock-prices — and therefore aristocrats’ wealth — high and rising). This 1974 secret agreement between Nixon and King Saud lasts to the present day, and has worked well for both aristocracies. It met the needs of the very same “military-industrial complex” (the big U.S. Government contractors) that the prior Republican President, Dwight Eisenhower, had warned might take control of U.S. foreign policies. As Bloomberg’s Andrea Wong on 30 May 2016 explained the Nixon system that replaced the FDR system, “The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.”

This new system didn’t only supply a constant flow of Saudi tax-money to the U.S. Government; it supplied a constant flow of new sales-orders and profits to the military firms that were increasingly coming to control the U.S. Government — for the benefit of both aristocracies: the Sauds, and America’s billionaires.

That was near the end of the FDR-produced 37-year period of U.S. democratic leadership of the world, the era that had started at Bretton Woods in 1944. It came crashing to an end not in 1974 (which was step two after the 1971 step one had ended the 1944 system) but on the day when Ronald Reagan entered the White House in 1981. The shockingly sudden ascent, from that moment on, of U.S. federal Government debt (to be paid-off by future generations instead of by current taxpayers) is shown, right here, in a graph of “U.S. Federal Debt as Percent of GDP, 1940-2015”, where you can see that the debt had peaked above 90% of GDP late in WW II between 1944-1948, and then plunged during Bretton Woods, but in 1981 it started ascending yet again, until reaching that WW II peak for a second time, as it has been ever since 2010, when Obama bailed-out the mega-banks and their mega-clients, but didn’t bail out the American public, whose finances had been destroyed by those banksters’ frauds, which Obama refused to prosecute; and, so, economic inequality in America got even more extreme after the 2008 George W. Bush crash, instead of less extreme afterward (as had always happened in the past).

Above 90% debt/GDP during and immediately following WW II was sound policy, but America’s going again above 90% since 2010 has reflected simply an aristocratic heist of America, for only the aristocracy’s benefit — all of the benefits going only to the super-rich.

Another, and more-current U.S. graph shows that, as of the first quarter of 2018, this percentage (debt/GDP) is, yet again, back now to its previous all-time record high of 105-120%%, which had been reached only in 1945-1947 (when it was justified by the war).

Currently, companies such as Lockheed Martin are thriving as they had done during WW II, but the sheer corruption in America’s military spending is this time the reason, no World War (yet); so, this time, America is spending like in an all-out-war situation, even before the Congress has issued any declaration of war at all. Everybody except the American public knows that the intense corruptness of the U.S. military is the reason for this restoration of astronomical ‘defense’ spending, even during peace-time. A major poll even showed that ‘defense’ spending was the only spending by the federal Government which Americans in 2017 wanted increased; they wanted all other federal spending to be reduced (though there was actually vastly more corruption in military spending than in any other type — the public have simply been hoodwinked).

But can the U.S. Government’s extreme misallocation of wealth, from the public to the insiders, continue without turning this country into a much bigger version of today’s Greece? More and more people around the world are worrying about that. Of course, Greece didn’t have the world’s reserve currency, but what would happen to the net worths of America’s billionaires if billionaires worldwide were to lose faith in the dollar? Consequently, there’s intensified Presidential worrying about how much longer foreign investors will continue to trust the oil-based dollar.

America’s political class now have two competing ideas to deal with this danger, Obama’s versus Trump’s, both being about how to preserve the dollar in a way that best serves the needs of ‘defense’ contractors, extractive firms, and Wall Street. Obama chose Europe (America’s largest market) as America’s chief ally (he was Euro-centric against Russia); Trump chose the owner of Saudi Arabia (he’s Saudi-Israeli centric against Iran) — that’s the world’s largest weapons-purchaser, as well as the world’s largest producer of oil (as well as the largest lobbies).

The Saudi King owns Saudi Arabia, including the world’s largest and most valuable oil company, Aramco, whose oil is the “sweetest” — the least expensive to extract and refine — and is also the most abundant, in all of the world, and so he can sell petroleum at a profit even when his competitors cannot. Oil-prices that are so low as to cause economic losses for other oil companies, can still be generating profits — albeit lowered ones — for King Saud; and this is the reason why his decisions determine how much the global oil-spigot will be turned on, and how low the global oil-price will be, at any given time. He controls the value of the U.S. dollar. He controls it far more directly, and far more effectively, than the EU can. It would be like, under the old FDR-era Bretton Woods system, controlling the exchange-rates of the dollar, by raising or lowering the amount of gold produced. But this is liquid gold, and King Saud determines its price.

Furthermore, King Saud also leads the Gulf Cooperation Council of all other Arab oil monarchs, such as those who own UAE — all of them are likewise U.S. allies and major weapons-buyers.

In an extraordinarily fine recent article by Pepe Escobar at Asia Times, “Oil and gas geopolitics: no shelter from the storm”, he quotes from his not-for-attribution interviews with “EU diplomats,” and reports:

After the Trump administration’s unilateral pull-out from the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), European Union diplomats in Brussels, off the record, and still in shock, admit that they blundered by not “configuring the eurozone as distinct and separate to the dollar hegemony”. Now they may be made to pay the price of their impotence via their “outlawed” trade with Iran. …

As admitted, never on the record, by experts in Brussels; the EU has got to reevaluate its strategic alliance with an essentially energy independent US, as “we are risking all our energy resources over their Halford Mackinder geopolitical analysis that they must break up [the alliance between] Russia and China.”

That’s a direct reference to the late Mackinder epigone Zbigniew “Grand Chessboard” Brzezinski, who died dreaming of turning China against Russia.

In Brussels, there’s increased recognition that US pressure on Iran, Russia and China is out of geopolitical fear the entire Eurasian land mass, organized as a super-trading bloc via the Belt and Road Initiative (BRI), the Eurasia Economic Union (EAEU), the Shanghai Cooperation Organization (SCO), [and] the Asia Infrastructure Investment Bank (AIIB), is slipping away from Washington’s influence.

This analysis gets closer to how the three key nodes of 21st century Eurasia integration – Russia, China and Iran – have identified the key issue; both the euro and the yuan must bypass the petrodollar, the ideal means, as the Chinese stress, to “end the oscillation between strong and weak dollar cycles, which has been so profitable for US financial institutions, but lethal to emerging markets.” …

It’s also no secret among Persian Gulf traders that in the – hopefully unlikely – event of a US-Saudi-Israeli war in Southwest Asia against Iran, a real scenario war-gamed by the Pentagon would be “the destruction of oil wells in the GCC [Gulf Cooperation Council]. The Strait of Hormuz does not have to be blocked, as destroying the oil wells would be far more effective.”

And what the potential loss of over 20% of the world’s oil supply would mean is terrifying; the implosion, with unforeseen consequences, of the quadrillion derivatives pyramid, and consequentially [consequently] of the entire Western financial casino superstructure.

In other words: it’s not the ‘threat’ that perhaps, some day, Iran will have nuclear warheads, that is actually driving Trump’s concern here (despite what Israel’s concerns are about that matter), but instead, it is his concerns about Iran’s missiles, which constitute the delivery-system for any Iranian warheads: that their flight-range be short enough so that the Sauds will be outside their range. (The main way Iran intends to respond to an invasion backed by the U.S., is to attack Saudi Arabia — Iran’s leaders know that the U.S. Government is more dependent upon the Sauds than upon Israel — so, Iran’s top targets would be Saudi capital Riyadh, and also the Ghawar oil field, which holds over half of Saudi oil. If U.S. bases have been used in the invasion, then all U.S. bases in the Middle East are also be within the range of Iran’s missiles and therefore would also probably be targeted.)

Obama’s deal with Iran had focused solely upon preventing Iran from developing nuclear warheads — which Obama perhaps thought (mistakenly) would dampen Israel’s (and its billionaire U.S. financial backers’) ardor for the U.S. to conquer Iran. Israel had publicly said that their concern was Iran’s possibility to become a nuclear power like Israel became; those possible future warheads were supposed to be the issue; but, apparently, that wasn’t actually the issue which really drove Israel. Obama seems to have thought that it was, but it wasn’t, actually. Israel, like the Sauds, want Iran conquered. Simple. The nuclear matter was more an excuse than an explanation.

With Trump now in the White House, overwhelmingly by money from the Israel lobbies (proxies also for the Sauds) — and with no equivalently organized Jewish opposition to the pro-Israel lobbies (and so in the United States, for a person to be anti-Israel is viewed as being anti-Semitic, which is not at all true, but Israel’s lies say it’s true and many Americans unfortunately believe it) — Trump has not only the Sauds and their allies requiring him to be against Iran and its allies, but he has also got this pressure coming from Israel: both the Big-Oil and the Jewish lobbies drive him. Unlike Obama, who wasn’t as indebted to the Jewish lobbies, Trump needs to walk the plank for both the Sauds and Israel.

In other words: Trump aims to keep the dollar as the reserve currency by suppressing not only China but also the two main competitors of King Saud: Iran and Russia. That’s why America’s main ‘enemies’ now are those three countries and their respective allies.

Obama was likewise targeting them, but in a different priority-order, with Russia being the main one (thus Obama’s takeover of Ukraine in February 2014 turning it against Russia, next door); and that difference was due to Obama’s desire to be favorably viewed by the residents in America’s biggest export and import market, the EU, and so his bringing another member (Ukraine) into the EU (which still hasn’t yet been culminated).

Trump is instead building on his alliance with King Saud and the other GCC monarchs, a group who can more directly cooperate to control the value of the U.S. dollar than the EU can. Furthermore, both conservative (including Orthodox) Jews in the United States, and also white evangelical Protestants in the U.S., are strongly supportive of Israel, which likewise sides with the Arab oil monarchs against Iran and its allies. Trump needs these people’s votes.

Trump also sides with the Sauds against Canada. That’s a matter which the theorists who assert that Israel controls the U.S., instead of that the Sauds (allied with America’s and Israel’s billionaires) control the U.S., ignore; they ignore whatever doesn’t fit their theory. Of course, a lot doesn’t fit their theory (which equates “Jews” with “Israelis” and alleges that “they” control the world), but people whose prejudices are that deep-seated, can’t be reached by any facts which contradict their self-defining prejudice. Since it defines themselves, it’s a part of them, and they can never deny it, because to do so would be to deny who and what they are, and they refuse to change that. The Sauds control the dollar; Israel does not, but Israel does the lobbying, and both the Sauds and Israel want Iran destroyed. Trump gets this pressure not only from the billionaires but from his voters.

And, of course, Democratic Party billionaires push the narrative that Russia controls America. It used to be the Republican Joseph R. McCarthy’s accusation, that the “commies” had “infiltrated”, especially at the State Department. So: Trump kicked out Russia’s diplomats, to satisfy those neocons — the neoconservatives of all Parties and persuasions, both conservative and liberal.

To satisfy the Sauds, despite the EU, Trump has dumped the Iran deal. And he did it also to satisfy Israel, the main U.S. lobbyists for the Sauds. (Americans are far more sympathetic to Jews than to Arabs; the Sauds are aware of this; Israel handles their front-office.) For Trump, the Sauds are higher priority than Europe; even Israel (who are an expense instead of a moneybag for the U.S. Government) are higher priority than Europe. Both the Sauds and Israel together are vastly higher. And the Sauds alone are higher priority for Trump than are even Canada and Europe combined. Under Trump, anything will be done in order to keep the Sauds and their proxy-lobbyists (Israel) ‘on America’s side’.

Consequently, Trump’s political base is mainly against Iran and for Israel, but Obama’s was mainly against Russia and for the EU. Obama’s Democratic Party still are controlled by the same billionaires as before; and, so, Democrats continue demonizing Russia, and are trying to make as impossible as they can, any rapprochement with Russia — and, therefore, they smear Trump for anything he might try to do along those lines.

Both Obama and Trump have been aiming to extend America’s aristocracy’s dominance around the world, but they employ different strategies toward that politically bipartisan American-aristocratic objective: the U.S. Government’s global control, for the benefit of the U.S. aristocracy, at everyone else’s expense. Obama and Trump were placed into the White House by different groups of U.S. billionaires, and each nominee serves his/her respective sponsors, no public anywhere — not even their voters’ welfare.

An analogous example is that, whereas Fox News, Forbes, National Review, The Weekly Standard, American Spectator, Wall Street Journal, Investors Business Daily, Breitbart News, InfoWars, Reuters, and AP, are propagandists for the Republican Party; NPR, CNN, NBC, CBS, ABC, Mother Jones, The Atlantic, The New Republic, New Yorker, New York Magazine, New York Times, Washington Post, USA Today, Huffington Post, The Daily Beast, and Salon, are propagandists for the Democratic Party; but, they all draw their chief sponsors from the same small list of donors who are America’s billionaires, since these few people control the top advertisers, investors, and charities, and thus control nearly all of the nation’s propaganda. The same people who control the Government control the public; but, America isn’t a one-Party dictatorship. America is, instead, a multi-Party dictatorship. And this is how it functions.

Trump cancelled the Iran deal because a different group of billionaires are now in control of the White House, and of the rest of the U.S. Government. Trump’s group demonize especially Iran; Obama’s group demonize especially Russia. That’s it, short. That’s America’s aristocratic tug-of-war; but both sides of it are for invasion, and for war.  Thus, we’re in the condition of ‘permanent war for permanent peace’ — to satisfy the military contractors and the billionaires who control them. Any U.S. President who would resist that, would invite assassination; but, perhaps in Trump’s case, impeachment, or other removal-from-office, would be likelier. In any case, the sponsors need to be satisfied — or else — and Trump knows this.

Trump is doing what he thinks he has to be doing, for his own safety. He’s just a figurehead for a different faction of the U.S. aristocracy, than Obama was. He’s doing what he thinks he needs to be doing, for his survival. Political leadership is an extremely dangerous business. Trump is playing a slightly different game of it than Obama did, because he represents a different faction than Obama did. These two factions of the U.S. aristocracy are also now battling each other for political control over Europe.

Author’s note: article first published at strategic-culture.org

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The Future of Small Caribbean States

H.E. Datu Matthew Pajares Yngson

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Barely weeks apart, two major announcements in the citizenship by investment world rocked the boat. Two countries from the Eastern side of Europe, who both want to join the EU, officially made their leap to compete with Antigua & Barbuda, Cyprus, Dominica, Grenada, Malta, Saint Kitts & Nevis, Saint Lucia and Vanuatu, the eight (8) major players of the citizenship by investment industry. This is good news for those wanting to give better migrating opportunities for their families but bad news for the countries running these programs. Some may say that “competition is better for the consumer”, but this is not the same as buying milk at the corner store.

With the Organisation for Economic Co-operation and Development (OECD) rallying for worldwide compliance of the common reporting standards and the prevention of tax evasion, these citizenship by investment (CBI) programs are under regular scrutiny making these small states consistently vulnerable. There is no doubt that these countries need the programs to survive. They are essential lifelines for Caribbean   nations   who   have   been   impacted   by   the   existential   threat   of   climate   change. Unfortunately, CBI income is not an infinite resource and highly volatile. Saint Kitts & Nevis and Dominica may have enjoyed dominance for decades, but because of the global economic downturn, other countries launched their own programs resulting in a rapid market growth just in the last five years. This aggressive competition has left a dangerous “race to the bottom” in the Caribbean region. And with Moldova and Montenegro joining the bandwagon, who knows what further direction this industry will take.

It’s now time for these Small Island Developing States to purposely strengthen their competitive edge in the digital space. Who doesn’t want to work in the next “Silicon Valley” on the beach? Maybe use their e- Residency to perform business remotely? Or have some cryptocurrency together with their citizenship?

Sometime ago, tech companies would not even consider far off New Zealand to be their regional hub or headquarters but thanks to enticing government offers, many tech professionals have boarded that 13-hour flight from San Francisco to Auckland exactly to do this.

When Estonia publicized its e-Residency program over the internet 4 years ago, no one really knew how it would go, not even the Estonians. Three years later, Deloitte says that the program has infused €14.4 million into the economy and estimates that the program will bring in €31 million in income and €194 million in indirect socio-economic benefits by 2021 . Estonia was the first country to offer internet voting in 2005 and is now leading the rest of the world in e-Governance with Tallinn fast becoming a favorite go- to place for global tech expats.

There has been so much talk about cryptocurrency for several years all over the Caribbean region while the “Sovereign” was quietly being launched on the other side of the globe. The Marshall Islands imprinted themselves in history books when they passed the Sovereign Currency Act 2018 last February thereby creating and recognizing the “Sovereign” (SOV) cryptocurrency as its legal tender. This legislation officially allows banks and credit card companies in the country and around the world to start accepting it.

The hospitality industry will always play a major role in the economies of small Caribbean states but because of climate change, every hurricane season is like playing a game of Russian roulette. The movement towards sustainable tourism will take some time. In comparison, taking part in the digital economy requires a much smaller carbon footprint.

There are several elements needed to make this happen such as a welcoming local environment, proper government policies, good internet infrastructure, sustainable power such as solar and wind and a capable workforce. Fortunately, all these islands already have these innate qualities just waiting to be explored. The recent World Bank report fully solidifies this concept.

Small Caribbean states can really take the lead in this arena if they so desire, but often there is more talk than action. It should start securing the future of its biggest resource, its younger generation, if it is to survive. Members of the younger workforce fall prey to overseas migration due to the lack of local opportunities. The 21st century needs keyboard warriors and unconventional thinkers and the islands can greatly contribute.

Innovation and ingenuity is the key to the Caribbean’s future. Engagement in the digital economy must be done today because tomorrow is already too late.

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