Paul Craig Roberts

Ironic, isn’t it? - The United States, the “indispensable nation,” now stands before us as the likely candidate whose government will be responsible for the collapse of the West.

The US financial system and, probably, the financial system of Europe, like the police, no longer serves a useful social purpose.

In the US the police have proven themselves to be a greater threat to public safety than private sector criminals. I just googled “police brutality” and up came 183,000,000 results. (Here are two recent brutal assaults, one deadly, by police on hapless individuals: 1 and 2 )

The cost to society of the private financial system is even higher. Writing in CounterPunch, Rob Urie reports that two years ago Andrew Haldane, executive Director for Financial Stability at the Bank of England (the UK’s version of the Federal Reserve) said that the financial crisis, now four years old, will in the end cost the world economy between $60 trillion and $200 trillion in lost GDP. If Urie’s report is correct, this is an astonishing admission from a member of the ruling elite.

Try to get your mind around these figures. The US GDP, the largest in the world, is about 15 trillion. What Haldane is telling us is that the financial crisis will end up costing the world lost real income between 4 and 13 times the size of the current Gross Domestic Product of the United States. This could turn out to be an optimistic forecast.

In the end, the financial crisis could destroy Western civilization.

Even if Urie’s report (or Haldane’s calculation) is incorrect, the obvious large economic loss from the financial crisis is still unprecedented. The enormous cost of the financial crisis has one single source–financial deregulation. Financial deregulation is likely to prove to be the mistake that destroys Western civilization. While we quake in our boots from fear of “Muslim terrorists,” it is financial deregulation that is destroying us, with help from jobs offshoring. Keep in mind that Haldane is a member of the ruling elite, not a critic of the system like myself, Gerald Celente, Michael Hudson, Pam Martins, and Nomi Prins. (This is not meant to be an exhaustive list of critics.)

More »

Gilad Atzmon

The Dictator - A Film Review

On the face of it, Baron Cohen’s The Dictator is a horrid film. It is vulgar, it isn’t funny and if it has five good jokes in it, they appear in the two minute official trailer. In short, save your time and money – unless of course, you are interested in Jewish identity politics and neurosis.

Similar to Cohen’s previous work, The Dictator is, once again, a glimpse into Cohen’s own tribal morbidity. After all, the person and the spirit behind this embarrassing comedy is a proud self-loving character who never misses an opportunity to express his intimate affinity to his people, their unique comic talent and their beloved Jewish state. But let’s face it, Cohen isn’t alone, after all, he has created The Dictator together with a Hollywood studio. So, it’s reasonable to say that what we see here is just one more Hollywood-orchestrated effort to vilify the Arab, the Muslim and the Orient.

I guess that Arab rulers, regimes and politics are an ideal subject for a satirical take, still, one may wonder what exactly does Sacha Baron Cohen know about the Arab World? As far as the film can tell, not much. Instead, Cohen projects his own Zionist and tribal symptoms onto the people of Arabia and their leaders.

In the film, Cohen plays 'General Hafez Aladeen,' the Arab ruler of the oil-rich North African rogue state Wadiya. On the face of it, he is the satirical version of Saddam Hussein and Muammar Gaddafi, but in reality, Aladeen’s actions are no less than a vast amplification of the crimes committed by Israel and its war criminals such as Shimon Peres, Ehud Olmert and Tzipi Livni.

More »

Stephen Lendman

In May 1948, Israel's independence was Palestine's Nakba. In June 1967, Jerusalem Day for Jews was Nakba 2.0 for Palestinians.

In 1948, Israelis stole 78% of historic Palestine. In 1967, they took the rest. In the process, they deprived Palestinians of their historic capital even though the UN declared Jerusalem an international city.

Israel transformed Jerusalem from a multi-cultural, multi-religious metropolis into a predominantly Jewish one. On July 30, 1980, the Knesset introduced the Jerusalem Law. It annexed the city as Israel's unified capital.

On March 1, 1980, Security Council Resolution 465 declared that:

"all measures taken by Israel to change the physical character, demographic composition, institutional structure or status of the Palestinian and other Arab territories occupied since 1967, including Jerusalem, or any part thereof, have no legal validity and that Israel's policy and practices of settling parts of its population and new immigrants in those territories constitute a flagrant (Fourth Geneva) violation....and also constitute a serious obstruction to achieving a comprehensive, just and lasting peace in the Middle East."

On July 9, 2004, the International Court of Justice (ICJ) ruled that "Israeli settlements in the Occupied Territory, including East Jerusalem, are illegal and an obstacle to peace and to economic and social development (and) have been established in breach of international law."

Israel spurns international law and UN resolutions unfavorable to its interests with impunity. As a result, Palestinians have suffered grievously for decades.

More »

Stephen Lendman

Photo: A protester sits in front of Chicago police officers on State Street during a NATO summit demonstration in downtown Chicago, Saturday, May 19, 2012. Security has been high throughout the city in preparation for the summit, where delegations from about 60 countries will discuss the war in Afghanistan and European missile defense.

Through Monday, downtown residents live in occupied Chicago.

Secret Service agents, NORTHCOM and National Guard forces, as well as thousands of state and local police seem everywhere.

Getting around feels hazardous. Anyone may be stopped, searched, interrogated, even arrested.

Residents were advised to hunker down and stay out of harm's way as best as possible. For many, it's not easy. More on a city under siege below.

NATO is the world's first global war-making alliance. Largely a US imperial tool, it's a killing machine. Its 28 members and dozens of partner states comprise about one-third of the world's nations.

More »