Author Archives: Paul Craig Roberts

No bear market in gold

You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. Continue reading

Washington signals dollar deep concerns

Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Continue reading

Gangster state America

There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. Continue reading

How elites and media minimize dissent and bury truth

Over the last several years I have watched the rise of an important new intellect on the American scene. Ron Unz, publisher of The American Conservative, has demonstrated time and again the extraordinary ability to reexamine settled issues and show that the accepted conclusion was incorrect. Continue reading

Washington’s presumption

The new president of Venezuela, Nicolas Maduro, is cast in Chavez’s mold. On May 4, he called US President Obama the “grand chief of devils.” Continue reading

The financial press: A disinformation machine

Dave Kranzler of Golden Returns Capital declares the April payroll jobs report that was released on May 3 by the Bureau of Labor Statistics to be “fictitious.” Continue reading

Recovery for the 7 percent

Since the recession was officially declared to be over in June 2009, I have assured readers that there has been no recovery. Gerald Celente, John Williams (shadowstats.com), and no doubt others have also made it clear that the alleged recovery is an artifact of an understated inflation rate that produces an image of real economic growth. Continue reading

If you want to go to heaven, you had better get busy overthrowing Syria

The United States government has been at war for eleven years. The US military destroyed Iraq, leaving the country and millions of lives in ruins and releasing sectarian blood-letting that had been kept in check by the secular Saddam Hussein government. On any given day in “liberated” Iraq, the death toll is as high as during the height of the US attempted occupation. Continue reading

Assault on gold update

I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall. Continue reading

The assault on gold

For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices. Continue reading

Truth Is offensive

In America truth is offensive. If you tell the truth, you are offensive. Continue reading

When truth is suppressed countries die

Over a decade during which the US economy was decimated by jobs offshoring, economists and other PR shills for offshoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad that the “dirty fingernail” jobs were gone. Continue reading

Obama’s expanding Kill List

Prosecutors always expand laws far beyond their intent. Attorneys in civil cases do the same. For example, the 1970 Racketeer Influenced and Corrupt Organizations Act was passed in order to make it easier for the government to convict members of the Mafia. However, the law, despite its intent, was quickly expanded by prosecutors and attorneys and used in cases against pro-life activists, Catholic bishops, corporations accused of hiring illegal immigrants, and in divorce cases. “Junk bond king” Michael Milken, a person with no ties to organized crime, was threatened with indictment under the RICO Act. Prosecutors have found that the asset freeze provision in the Act is a convenient way to prevent a defendant from being able to pay attorneys and, therefore, makes it easier for prosecutors to coerce innocent defendants into a guilty plea. Continue reading

Hugo Chavez, friend of truth and justice

On March 5, 2013, Hugo Chavez, President of Venezuela and world leader against imperialism, died. Washington imperialists and their media and think tank whores expressed gleeful sighs of relief as did the brainwashed US population. An “enemy of America” was gone. Continue reading

It has happened here in the US: The police state is real

The Bush regime’s response to 9/11 and the Obama regime’s validation of this response have destroyed accountable democratic government in the United States. So much unaccountable power has been concentrated in the executive branch that the US Constitution is no longer an operable document. Continue reading

In Amerika law no longer exists; truth is being exterminated

In the 21st century Americans have experienced an extraordinary collapse in the rule of law and in their constitutional protections. Continue reading

Nature’s capital is the limiting resource

Only in science fiction can humans escape the consequences of destroying their own habitat. In Robert A. Heinlein’s Time Enough For Love, the “Great Diaspora of the Human Race” began “more than two millennia ago” and has spread to more than “two thousand colonized planets.” The once “lovely green planet” Earth is a slum planet barely able to support life where only the poorest live, Earth’s natural capital having been consumed over two thousand years ago. Humans have found the ability to rejuvenate themselves and to live almost endless lives, but they are unable to rejuvenate the planets whose natural capital they devour. Humans have not encountered “one race as mean, as nasty, as deadly as our own.” As homo sapiens use up the environments of colonized planets, “human intergalactic colony ships are already headed out into the Endless Deeps,” leaving their ruins behind them. Continue reading

The institutionalization of tyranny

Republicans and conservative Americans are still fighting Big Government in its welfare state form. Apparently, they have never heard of the militarized police state form of Big Government, or, if they have, they are comfortable with it and have no objection. Continue reading

The US’s attack on the sovereignty of other nations

Those concerned about “The New World Order” speak as if the United States is coming under the control of an outside conspiratorial force. In fact, it is the US that is the New World Order. That is what the American unipolar world, about which China, Russia, and Iran complain, is all about. Continue reading

Washington’s hegemonic ambitions are not in sync with its faltering economy

In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these jobs are likely to reverse when the January payroll jobs report comes out in February. Continue reading

Agenda prevails over truth

In the Western world truth no longer has any meaning. In its place stands agenda. Continue reading

The fiscal cliff is a diversion: The derivatives tsunami and the dollar bubble

The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. Continue reading

Obdurate Washington

With its power declining, Washington was not able any longer to keep Russia out of the World Trade Organization. Congress showed its spite over its impotence by hooking the normalizing of trade with Russia to what is called the “Magnitsky” rule. Continue reading

More phony US employment numbers

Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.” Continue reading

Bradley Manning: A window into the American soul

Liberty consists of government being ruled by law and citizens having control over law. This was the way our founding fathers set up the US Constitution. It is the Constitution that defines the United States. Every member of the government and the armed forces swears allegiance to the Constitution—not to the government or to the president or to a political party or to an ideology—to defend the Constitution against enemies foreign and domestic. Continue reading

Our collapsing economy and currency

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. Continue reading

Puppet state America

The United States government and its subject peoples think of the US as “the world’s only superpower.” But how is a country a superpower when its entire government and a majority of the subjects, especially those members of evangelical churches, grovel at the feet of the Israeli prime minister? How is a country a superpower when it lacks the power to determine its own foreign policy in the Middle East? Such a country is not a superpower. It is a puppet state. Continue reading

The special interests won again

The election that was supposed to be too close to call turned out not to be so close after all. In my opinion, Obama won for two reasons: (1) Obama is non-threatening and inclusive, whereas Romney exuded a “us vs. them” impression that many found threatening, and (2) the election was not close enough for the electronic voting machines to steal. Continue reading

U.S. elections: Will the dead vote and voting machines be hacked?

Whether or not he said it, Stalin’s quote has entered into folklore. For a vote to mean anything, those counting the ballots must have a greater respect for the integrity of democracy than they have lust for power. Continue reading

The virtual recovery

Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers. Continue reading

In Amerika, there will never be a real debate

God help them if Obama and Romney ever had to participate in a real debate about a real issue at the Oxford Union. They would be massacred. Continue reading

America R.I.P.

During the second half of the 20th century the United States was an opportunity society. The ladders of upward mobility were plentiful, and the middle class expanded. Incomes rose, and ordinary people were able to achieve old-age security. Continue reading