Paul Craig Roberts

Note by the author: Photos are now available of the wreckage from the Malaysian airliner crash. Notice the extensive debris and the large section of fuselage. You are observing remains of an airliner that was hit with a missile at 33,000 feet and fell to impact land. Remember, no such debris was present at the site where the airliner is alleged to have hit the Pentagon and at the alleged crash site in Pennsylvania of the 4th 9/11 hijacked airliner. Give that some thought. No doubt but that the 9/11 Commission will conclude that only Malaysian airliners leave debris.

The three traits that define Washington – arrogance, hubris, and corruption – make Washington a slow learner. Arrogant people wallowing in hubris are incapable of learning. When they encounter resistance they respond with bribes, threats, and coercion. Diplomacy requires learning ability, but Washington left diplomacy years ago and relies on force.

The unilateral US sanctions announced by Obama on July 16 blocking Russian weapons and energy companies access to US bank loans demonstrate Washington’s impotence. The rest of the world, including America’s two largest business organizations, turned their backs on Obama. The US Chamber of Commerce and the National Association of Manufacturers placed ads in the New York Times, Wall Street Journal, and Washington Post protesting US sanctions. NAM said that the manufacturer’s association is “disappointed that the US is extending sanctions in increasingly unilateral ways that will undermine US commercial engagement.” Bloomberg reported that “meeting in Brussels, leaders of the European Union refused to match the US measures.”

More »

Kenny's Sideshow

Those in the shadows who think they are in control do not view themselves as insane. They make plans, implement them and wait for results. Somehow they feel that anything they do is in their best interests and some of them may add the justification that they are just following orders and trying to survive. Others think they have something to gain by being a vocal extreme follower of psychopathic ideology and that they too will survive and thrive. Many times those are just useful dupes.

There is a human sickness, whatever the cause may be, that allows murderous actions against the rest of humanity to be celebrated in anticipation of greater power, control and the counting of their ill gotten gains. No, there are a few who will never see themselves or their actions as insane, imagining that they are chosen ones and anything goes.

It has to be frustrating to many of us that the United States has its bloody hands all over so many of the world's killing fields, the psyops that infect us and the greed that is tearing us apart.

More »

Paul Craig Roberts and Dave Kranzler

July 16, 2014. The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June. During this move higher, the hedge funds, who typically “chase” the momentum of gold up or down, built up hefty long positions in gold futures over the last 6 weeks. In order to disrupt the upward momentum in the price of gold, the bullion banks short gold in the futures market by dumping large contracts that drive down the price and make money for the banks in the process.

As we explained in previous articles on this subject, the price of gold is not determined in markets where physical gold is bought and sold but in the paper futures market where contracts trade and speculators place bets on the price of gold. Most of the contracts traded on the Comex futures market are settled in cash. The value of the contracts used to short gold and drive down the price is well in excess of the actual amount of physical gold that is kept on the Comex and available for delivery. One might think that regulators would pay attention to a market in which the value of contracts outstanding exceeds by several multiples the amount of physical gold available for delivery.

More »