Lithuania media interview with PCR

Submitted by Dr. Paul Craig Roberts – Institute for Public Economy

Firstly we would be very interested to ask, how have you come from the position of having been Assistant Secretary of the Treasury under Reagan to being an outspoken critic of the ruling US establishment and its foreign policy.

Well, the United States government today is very different from Reagan. Reagan focused on American domestic economic issues and he focused on ending the Cold War with the Soviet Union. Today, or during the entirely of the new twenty first century, the American government has focused on war and on American financial imperialism over the rest of the world. This is a dramatic change. And this change, of course, is very dangerous, not only for Americans, but for the entirety of the world. Americans have been at war for over 15 years, it has invaded or bombed or attacked seven countries, there are millions of people dead, injured, displaced, the United States is now bringing sanctions against Russia, the United States has overthrown an elected government in Ukraine, this is a dangerous act. The United States is pushing conflict in the Ukraine in order to embarrass Russia, in order to hopefully destabilize Russia and American financial hegemony has been exercised – sanctions placed on Russia, credit down gradings. These are political acts that have no basis in any economic reality. And so, this is not a situation such as the one that existed in the 1980’s.

Then we would like to ask, specifically, what are your thoughts on the present conflict in Ukraine in the context of the world geopolitical situation and the increasing tensions between Russia and the US, as well as the American and Zionist influence in making the Putsch – the so-called “Euro-Maidan”?

The American neoconservatives who came to influence after the collapse of the Soviet Union and also the American liberal interventionists- these two groups dominate the making of American foreign policy and both groups believe that the US should be the uni-power, that there should be no other power that would be able to block American purposes in the world. And so the rise of Russia and the rise of China are seen as a serious challenge to the American ideology of world hegemony. You may have heard this phrase that Americans are the “exceptional people”, that the US is the “indispensable country”. This sounds a lot like Adolf Hitler – if you are the exceptional people, what does that mean about the other people? It means they are the Unternmenschen. And it is this arrogant ideology that says “oh my goodness, look, Russia has recovered under Putin’s leadership – its economically capable, its militarily capable, we can’t permit this. So what can we do to cause Russia trouble? Oh, we will attack them through Ukraine!” And that is exactly what has happened – the US has spent five billion dollars over a decade on creating non-governmental organizations inside Ukraine that called people to the streets, they cultivated political types so they’d have a puppet government to take office and so this now has brought serious problems to Russia and has been used by the US to break off Russian economic and political relationships with Europe. The main function of the sanctions is not really to hit Russia; it’s to break up the economic relationships between Europe and Russia, because Europe was having growing economic relations with Russia and the US said these may pull Europeans out of our orbit – they may cease following our foreign policy, they may cease following our economic policy, they may develop this new relationship with Russia and Washington will lose control. So, as the main function the sanctions is to destroy the growing political and economic relations between Europe and Russia, clearly, the US has a strategy, it is working for them; any time some European vassal state, such as France, expresses a point of view, different to the American one, something happens – “Charlie Hebdo”… Whether this was a real terrorist attack, or a black op false flag operation, it doesn’t matter, because the result has been to pull France back into the American orbit – we no longer hear the French president saying that the sanctions against Russia must end, we no longer hear the French president saying that France votes for the Palestinians against Israel and America. All of that’s over. So, this strategy that the US has developed against Russia is working and it creates problems for Russia. And the Russians are, in response, very unprovocative. They don’t actually strike back and so the consequences of this American policy remain to be revealed. Continue reading

The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

Nuclear Specter Redux: ‘Threat of War Is Higher than in the Cold War’ (Spiegel)
Ukraine Right Sector Leader Rejects Peace Deal, Vows ‘To Continue War’ (RT)
Yes, Yellen Can Have It All as She Gets Ready to Raise Rates (Bloomberg)
One Hundred Years of Austerity (Bloomberg)
Greek Government Doesn’t Hold Out Much Hope For A Deal On Monday (Kathimerini)
Hopes Of Greek Debt Deal Rise (Guardian)
Dijsselbloem ‘Pessimistic’ About A Quick Deal With Greece (AFP)
GDP Growth Masks A Broken Eurozone (Guardian)
White House Warns Europe On Greek Showdown (AEP)
Don’t Make Us Do It: ECB Wants a Political Deal on Greece (Bloomberg)
Rising Deposit Outflows Behind Extra Greek Bank ELA Access (Reuters)
Most Of Greek Deposit Outflows To Return If A Deal Is Made (Kathimerini)
Band-Aids for Greece, Ukraine and Global Economy (El-Erian)
Inside The Germans’ Debt Psyche – What Makes Them Tick? (BBC)
Yanis Varoufakis: ‘If I Weren’t Scared, I’d Be Awfully Dangerous’ (Guardian)
Yanis Varoufakis, Greek Bailout Foe (BBC)
US Will Not Become Energy Independent: Total CEO (CNBC)
Russian Gas To Europe Can Be 35% Cheaper: Ministry (RT)
Falling Oil Prices Don’t Scare Russian Energy Firms (CNBC)
German Coal Imports From Russia Highest Since 2006 (RT)
Argentina President Fernandez Charged in Probe of Alleged Cover-Up (Bloomberg)
Farmland Values in Parts of Midwest Fall for First Time in Decades (WSJ)
The Super-Rich Don’t Care About Us. It Will Be Their Downfall (Guardian)

Much more here: Debt Rattle February 14 2015 –