The New Year is one full of economic, political, and war threats.
Among the economic threats are stock, bond, and real estate markets artificially pumped up by years of central bank money creation and by false reports of full employment. It is an open question whether participants in these markets are aware that underlying reality does not support the asset values. Central banks support stock markets not only with abundant liquidity but also with direct stock purchases. The Japanese central bank is now one of the largest owners of Japanese equities. Central banks, which are supposed to provide economic stability, have created a massive fraud.
Throughout the Western world politics has degenerated into fraud. No government serves the public’s interest. Except for some former Soviet satellites in Eastern Europe, European governments have defied the will of the people by admitting vast numbers of refugees from Washington’s wars and others pretending to be refugees. The European governments further imperil their citizens with their support for Washington’s rising aggression toward Russia. The universal failure of democratic politics is leading directly to war.
The Saker explains that Americans with intelligence, honor, courage, and integrity have disappeared from the US national security establishment. In their place are arrogant morons high on hubris who believe: (1) We can buy anybody, (2) Those we cannot buy, we bully, (3) Those we cannot bully, we kill, (4) Nothing can happen to us, we live in total impunity no matter what we do.
Scott Bennett reports that US soldiers are being propagandized that Russia is an enemy with whom we are headed to war.
The Anglo-Zionist empire is trying to overturn the Iranian agreement and to restart the attempt to overthrow the government of Syria. Lebanon’s Hezbollah is also in the empire’s sights. Washington is arming Ukraine in order to enable an attack on the breakaway provinces of Novorussia. Threats against North Korea escalate. Even little Venezuela is threatened with military intervention simply because the country wants to control its own destiny and not be controlled by Washington and the New York banks.
In the opinion of some, Russia’s very cautious diplomacy has increased the likelihood that Washington will miscalculate and give the world a third world war. By not accepting the requests of the breakaway Russian provinces in Ukraine to be reunited with Russia, the Russian government paved the way for Washington to provide the military means for its Ukrainian puppet to attempt to reconquer the provinces. Success would damage Russian prestige and encourage Washington in its aggressive actions. Sooner or later Russia will have to stand and fight.
Russia’s premature declaration of victory in Syria and withdrawal has made it possible for US forces to remain in Syria and attempt to restart the effort to overthrow the Assad government. Russia would have to defend its victory, or by the failure to do so encourage more aggressive actions by Washington.
Hopes have evaporated that President Trump would restore the normalized relations between the nuclear powers that Reagan and Gorbachev made possible. The question for the New Year is when does Washington’s aggression against Russia ignite a hot war.
We will be examining these issues as they unfold in 2018. From the perspective of today, it is unlikely that the New Year will be a happy one. Nowhere in the West is there a sign of leadership toward peace and the well-being of humanity.
Copyright © 2017 Paul Craig Roberts
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost and The Neoconservative Threat to World Order.