The End Of History
Paul Craig Roberts
Prisonplanet.com
October 21, 2011
Now that the CIA’s proxy army has murdered Gadhafi, what next
for Libya?
If Washington’s plans succeed, Libya will become another
American puppet state. Most of the cities, towns, and
infrastructure have been destroyed by air strikes by the air
forces of the US and Washington’s NATO puppets. US and European
firms will now get juicy contracts, financed by US taxpayers, to
rebuild Libya. The new real estate will be carefully allocated
to lubricate a new ruling class picked by Washington. This will
put Libya firmly under Washington’s thumb.
With Libya conquered, AFRICOM will start on the other African
countries where China has energy and mineral investments. Obama
has already sent US troops to Central Africa under the guise of
defeating the Lord’s Resistance Army, a small insurgency against
the ruling dictator-for-life. The Republican Speaker of the
House, John Boehner, welcomed the prospect of yet another war by
declaring that sending US troops into Central Africa “furthers
US national security interests and foreign policy.” Republican
Senator James Inhofe added a gallon of moral verbiage about
saving “Ugandan children,” a concern the senator did not have
for Libya’s children or Palestine’s, Iraq’s, Afghanistan’s and
Pakistan’s.
Washington has revived the Great Power Game and is vying with
China. Whereas China brings Africa investment and gifts of
infrastructure, Washington sends troops, bombs and military
bases. Sooner or later Washington’s aggressiveness toward China
and Russia is going to explode in our faces.
Where is the money going to come from to finance Washington’s
African Empire? Not from Libya’s oil. Big chunks of that have
been promised to the French and British for providing cover for
Washington’s latest war of naked aggression. Not from tax
revenues from a collapsing US economy where unemployment, if
measured correctly, is 23 percent.
With Washington’s annual budget deficit as huge as it is, the
money can only come from the printing press.
Washington has already run the printing press enough to raise
the consumer price index for all urban consumers (CPI-U) to 3.9%
for the year (as of the end of September), the consumer price
index for urban wage earners and clerical workers (CPI-W) to
4.4% for the year, and the producer price index (PPI) to 6.9%
for the year.
As statistician John Williams (shadowstats.com) has shown, the
official inflation measures are rigged in order to hold down
cost of living adjustments to Social Security recipients, thus
saving money for Washington’s wars. When measured correctly, the
current rate of inflation in the US is 11.5%.
What interest rate can savers get without taking massive risks
on Greek bonds? US banks pay less than one-half of one percent
on FDIC insured savings deposits. Short-term US government bond
funds pay essentially zero.
Thus, according to official US government statistics American
savers are losing between 3.9% and 4.4% of their capital yearly.
According to John Williams’ estimate of the real rate of
inflation, US savers are losing 11.5% of their accumulated
savings.
As retired Americans receive no interest on their savings, they
are having to spend down their capital. The ability of even the
most prudent retirees to survive the negative rate of interest
they are receiving and the erosion by inflation of any pensions
that they receive will come to an end once their accumulated
assets are exhausted.
Except for Washington’s favored mega-rich, the one percent that
has captured all of the income gains of recent years, the rest
of America has been assigned to the trash can. Nothing
whatsoever has been done for them since the financial crisis hit
in December 2007. Bush and Obama, Republican and Democrat, have
focused on saving the 1 percent while giving the finger to the
99 percent.
Finally, some Americans, though not enough, have caught on to
the flag-waving rah-rah “patriotism” that has consigned them to
the trash bin of history. They are not going down without a
fight and are in the streets. Occupy Wall Street has spread.
What will be the fate of this movement?
Will the snow and ice of cold weather end the protests, or send
them into public buildings? How long will the local authorities,
subservient to Washington as they are, tolerate the obvious
signal that the population lacks any confidence whatsoever in
the government?
If the protests last, especially if they grow and don’t decline,
the authorities will infiltrate the protestors with police
provocateurs who will fire on the police. This will be the
excuse to shoot down the protestors and to arrest the survivors
as “terrorists” or “domestic extremists” and to send them to the
$385 million dollar camps built under US government contract by
Cheney’s Halliburton.
The Amerikan Police State will have taken its next step into the
Amerikan Concentration Camp State.
Meanwhile, lost in their oblivion, conservatives will continue
to bemoan the ruination of the country by homosexual marriage,
abortion, and “the liberal media.” Liberal organizations
committed to civil liberty, such as the ACLU, will continue to
rank a woman’s right to an abortion with defense of the US
Constitution. Amnesty International will assist Washington in
demonizing its next target for military attack while turning a
blind eye to the war crimes of President Obama.
When we consider what Israel has got away with, being as it is
under Washington’s bought protection–the war crimes, the murders
of children, the eviction in total disregard of international
law of Palestinians from their ancestral homes, the bulldozing
of their houses and uprooting of their olive groves in order to
move in fanatical “settlers,” the murderous invasions of Lebanon
and Gaza, the wholesale slaughter of civilians–we can only
conclude that Washington, Israel’s enabler, can get away with
far more.
In the few opening years of the 21st century, Washington has
destroyed the US Constitution, the separation of powers,
international law, the accountability of government, and has
sacrificed every moral principle to achieving hegemony over the
world. This ambitious agenda is being attempted while
simultaneously Washington removed all regulation over Wall
Street, the home of massive greed, permitting Wall Street’s
short-term horizon to wreck the US economy, thus destroying the
economic basis for Washington’s assault on the world.
Will the US collapse in economic chaos before it rules the
world?
Dr. Paul Craig Roberts is the father of Reaganomics and the
former head of policy at the Department of Treasury. He is a
columnist and was previously an editor for the Wall Street
Journal. His latest book, “How the Economy Was Lost: The War of
the Worlds,” details why America is disintegrating. |