Revolution From Above
Paul Craig Roberts
by Paul Craig Roberts: The
Declining West: Tragedy or Comedy?
Today the Western
peoples are experiencing the destruction of their well being that
is comparable to what the one percent in Rome imposed on Roman citizens
and conquered peoples. Here is how John Williams (shadowstats.com,
9-12-12) phrases the wipeout of Americans hopes:
simply cannot make ends meet. Inflation-adjusted, or real, median
household income declined for the fourth-straight year, plunging
to its lowest level since 1995. Deflated by the CPI-U, the 2011
reading actually stood below levels seen in the late-1960s and early-1970s."
same time, despite the ongoing nature of the economic and systemic-solvency
crises, and the effects of the 2008 financial panic, income dispersion the
movement of income away from the middle towards both high- and low-level
extremes has hit a record high, instead of moderating, as might
be expected during periods of financial distress. Extremes in income
dispersion usually foreshadow financial-market and economic calamities.
With the current circumstance at a record extreme, and well above
levels estimated to have prevailed before the 1929 stock-market
crash and the Great Depression, increasingly difficult times are
likely for the next several years.
shows where the median household income of the US Superpower, the
indispensable people, stands at the culmination of 2011.
Americans are as well off as they were in 1967-68. Most americans
cannot pay for fighting multi-trillion dollar wars for 11 years,
bailout trillions of dollars in uncovered casino bets by Wall Street,
have their middle class jobs sent abroad by corporations, and still
expect to have higher personal incomes.
Americans are the first people in history who are so idealistic,
or so thoroughly brainwashed, that they prefer to pay for wars and
bail out banks than to make their mortgage payments and help their
children with student loan debt.
court in Germany has ruled that Germans are to be just as idealistic
as Americans. The federal court has produced a ruling that it is
OK for the EU to require German citizens to provide $190 billion
to pay off the private banks who lent too much money to Greece.
exchange for paying off the banks for Greece, the Greek people are
to be driven into poverty and hopelessness. Pensions are cut, taxes
are raised, employment is cut, social services are curtailed, prices
of utilities are raised. The Greek people are to be destroyed in
order that the private European banks do not lose money on their
In the West
the Revolution From Above has succeeded. The peoples are re-enserfed.
The promised land is a promised land for the one percent.
Craig Roberts, a
former Assistant Secretary of the US Treasury and former associate
editor of the Wall Street Journal, has been reporting shocking cases
of prosecutorial abuse for two decades. A new edition of his book,
Tyranny of Good Intentions,
co-authored with Lawrence Stratton, a documented account of how
americans lost the protection of law, has been released by Random
House. Visit his website.
© 2012 Paul
Best of Paul Craig Roberts