America Needs A Debt Jubilee – Paul Craig Roberts

May 6, 2019 by · Leave a Comment 

In America today the population is drowning in unpayable debts—student loan debt, credit card debt, home mortgage debt, state and local government debt, and business debt—but policymakers have reserved forgiveness only for the debt associated with the bad and irresponsible investments of the big banks and financial institutions. The Federal Reserve printed $4 trillion to buy up the banks’ bad debt while permitting ten million homeowners to be foreclosed. Student loan debt prevents university graduates from forming independent households. Mortgage and credit card debt prevents households from having discretionary income with which to drive retail sales. But modern day economics has no prescription for preventing our society from failing from debt overload.

America long ago lost its independent farmers to debt overload. All it took was a drought, or a dustbowl, or the Fed driving up interest rates on loans, and farmers were foreclosed and the farm properties passed to corporate farming. Today the same thing is happening to dairy producers. Canada’s response to Trump’s tariffs is to place tariffs on US dairy products. The earnings drop leaves American dairy farmers overburdened with debt service. This business, too, seems destined to be concentrated in a few hands. Economic independence is being driven out of American society.

Source: America Needs A Debt Jubilee – PaulCraigRoberts.org

The Orchestration of Russiaphobia Is The Prelude To War – PaulCraigRoberts.org

April 24, 2019 by · Leave a Comment 

The Russian Embassy in Washington has prepared an accurate 121-page report, THE RUSSIAGATE HYSTERIA: A CASE OF SEVERE RUSSOPHOBIA. LINK

Everyone should read this report. It documents the fake news, lies, violations of diplomatic standards and international law, and gratuitous aggressive actions taken against Russia during the period beginning May 18, 2016 and continuing through the issuance of the Mueller Report.

Without explicitly saying so, the report shows that neither the US government nor the American media has a nanoparticle of integrity. Both are criminal organizations that are willing to risk war with Russia in their pursuit of narrow politicized agendas.

This is important information for Americans and the rest of the world to have. Every person, every government and every private organization that supports Washington’s Russiaphobic policies is contributing to the growing threat of nuclear war.

Source: The Orchestration of Russiaphobia Is The Prelude To War – PaulCraigRoberts.org

Trump and the Nationalist-globalist War

February 15, 2018 by · Leave a Comment 

“Since Donald J. Trump’s inauguration a year ago, a war has raged within the White House between ‘nationalists and globalists,’” writes Stewart M. Patrick, in his blog post for January 26 entitled, “Trump at Davos: Nationalism, Globalism, and American Sovereignty.” A nationalist vs. globalist war is indeed raging, as we have been reporting in The New American, and not only in the White House. Patrick, to be sure, is on the side of the globalists. His blog, The Internationalist, is an official propaganda fount for the Council on Foreign Relations (CFR), where he works as the James H. Binger senior fellow in global governance and director of the International Institutions and Global Governance Program. He is a leading voice for the globalist CFR presidium that has dominated every administration, whether Democrat or Republican, since World War II.

Source: Trump and the Nationalist-globalist War


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