Paul Craig Roberts’ Address to the International Conference on the European/Russian Crisis Created by Washington
June 19, 2015 | Original Here Go here to sign up to receive email notice of this news letter
One 77-year-old’s search for the truth: 9/11, election fraud, illegal wars, Wall Street criminality, a stolen nuke, the neocon wars, control of the U.S. government by global corporations, the unjustified assault on Social Security, media complicity, and the "Great Recession" about to become the second Great Depression. "The most important truths are hidden from us by the powerful few who strive to steal the American dream by keeping We the People in the dark."
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| Police response to protests across the country in the wake of several high-profile police shootings point to a need for better use of standards, says Amnesty. Photograph: Scott Olson/Getty Images |
“Russia’s increasingly aggressive actions around NATO’s borders…”NATO keeps moving its borders up to Russia’s borders.
“Professor [Mark] Galeotti said. ‘This is about telling Russia that you’re getting closer to a real red line.’”NATO’s red line is a noose, drawing tighter and tighter around Russia and any country that defies the Anglo-American alliance.
That final point in time — the final reckoning — where the majority of investors begin to realize that Europe, Japan and the biggest debtor of them all, the U.S., are patently bankrupt … will never make good on their debts …
And instead, will do everything they can to chase, track, tax and seize your wealth to help them keep their heads above water.
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| Government spying: They'll do everything they can to chase, track, tax and seize your wealth to help them keep their heads above water. |
Raising
taxes, throughout Europe ... a new proposed second hike in the sales
tax in Japan ... Obamacare here and behind the curtain in Washington,
even more income tax hikes coming.
Spying
on citizens — yes, it's still going on. To track your money, to tax it
more, and not too far in the future, to nationalize and confiscate it.
Enacting
extensive capital controls throughout Europe, where in France, for
instance, you can no longer conduct any business in cash, and where you
cannot take out of the bank more than 1,000 euros at a time. Similar
controls exist now in Greece, Cyprus, Italy and even Spain.
Where
economists like Harvard University's Ken Rogoff and Citibank's Willem
Buiter are traipsing the globe telling governments it's time to abolish
cash and replace it with electronic currency.
And
where governments are now so wrought with troubles that financial
repression of their people is not enough and instead, they are moving
to distract them by playing games with other countries. Hence, the rising tide of wars around the world, from terrorism to
outright international conflict. Where just recently Ukraine's
President Petro Poroshenko warned his country to "prepare for a
full-scale Russian invasion."
The year-over-year change in U.S. retail sales peaked way back in July 2011, and has been declining ever since.
U.S.
consumer confidence, measured by the widely respected polls of the
University of Michigan, remains well below its peak in 1999.
Quarterly U.S. GDP has been in declining mode since 1999 and this year's first quarter GDP declined a whopping 0.7 percent.
U.S.
industrial production has declined since June 2010, with factory
orders plummeting for eight straight months including a 0.4 percent
decline in April.
Gold has now broken support at the $1,180 level. Its next move, perhaps after a bounce or two: below $1,100.
Silver too is cracking, now dangerously positioned to fall below $14.50, then even lower.
Copper is starting to slide once again, falling to the $2.70 level, with lower prices ahead.
Platinum and palladium, both weak at the knees.
Oil, unable to get back above $65 a barrel, and now poised to move lower again. Natural gas, barely above multi-year lows.
The grain markets, all weak. Soybeans, sliding. Corn and wheat, ready to slide again from multi-month and multi-year highs.
Coffee, cocoa, sugar, all looking very weak.
And more.