Friday, August 05, 2011

P C Roberts: The Decline and Fall of the American Empire

Where did the Federal Reserve get $16.1 trillion to lend? The Fed created it out of thin air with a stroke of a computer entry. 

by Paul Craig Roberts, Foreign Policy Journal, August 3, 2011

The United States Government and its presstitute media have wasted time and energy creating hysteria over a non-existent “debt ceiling crisis.”

After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the US government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.”

What kind of superpower is it, the world wonders, that is willing to go to the eleventh hour to convince the world, which holds its banking reserves in US Treasury debt, that the US government will default on the debt?

Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world.

Continues >>

1 comment:

Nasir Khan said...

Our thanks to Dr Roberts for his unambiguous and forthright exposition of the reality of the debt crisis. The decline of the American Empire is visible but whether that will lead to its demise in the foreseeable future is difficult to predict. But in the meantime, the giant military power led by corporate interests will continue to dominate the world scene by more barbarous wars and destruction.