Yikes! It gets worse all the time.
Institute for Political Economy
The Looting Of Ukraine Has Begun
Paul Craig Roberts | formerly Assistant Secretary of the Treasury for Economic Policy in the Reagan Administration and a co-founder of Reaganomics. His latest book is The Failure of Laissez Faire Capitalism and Economic Dissolution of the West.
See also Washington’s Arrogance, Hubris, and Evil Have Set the Stage for War — Information Clearinghouse interviews Paul Craig Roberts
This is how nutty neoconservatives that dominate US foreign policy are. Will Europe follows them over the brink? I would say that is the only brake now, without regime change in the US away from the Establishment that controls both parties. Roberts discounts that brake. BTW, this is published by World News Daily, an ultra-conservative "right-wing" organization.
Roberts is redeeming himself although economically he is still out of paradigm.
8 comments:
Yikes is right Tom.
I really hope his claims of impending war are off the mark.
This is the way I read before I was aware he said it. His revelations make it even more stark that I had realized.
These pukes (Navy term) are driving the US into a war with Russia and China that no one can win, and dragging the rest of the West along. I can't fathom what they are thinking of. It's completely reckless.
But didn't NATO declare they wouldn't intervene?
No need for this to escalate beyond civil war. No need to go nuclear.
Of course, there is no need. It's ridiculous to back Russia (and China and Iran) into a corner to assert global hegemony in the name of democracy and freedom to mask neoliberal goals. It's overconfidence and hubris asking for comeuppance.
Roberts:
"The fault in Keynesian theory and policy was the assumption that fiscal policy had no impact on aggregate supply."
WTF?
I see more than a few "economists" give little regard to "The Oil Weapon" and attribute 70's inflation to policy. Oil was as close to a "debt in a foreign currency" as we got after we went off the gold standard.
More on topic, much of Europe seems to be following the Pied Piper, wrt the Euro. And I thought the US media was a lot fo traitorous #offs. Kurvee deluxe!
He is after all one of the founders of Reaganomics. His political acumen is pretty good, but his economics is bonkers.
These stupid bastards need to come to grip with reality.
What the hell is the Obama Administration actually doing?
Do they or do they not have control over foreign policy?
Trying to usurp the Ukraine is beyond idiotic and outside of any credible foreign policy strategy.
This is a strategy that is doomed and mankind will bear the brunt.
"What the hell is the Obama Administration actually doing?"
Trying as much as possible to look like an administration that is different than the one before.
Let's see, if we can automatically put a bunch of people on Medicaid, then rape what little savings they have via Medicaid Estate Recovery, yeah, cool. The deficit will go down and my butt will shine so brightly that the FAA will complain.
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