Undeterred by massive budget
deficits from wars, a falling economy, and
financial bailouts, the
The "peace dividend" that the Reagan-Gorbachev accord provided has been squandered by an arrogant American government seeking world hegemony.
In 2002 the Bush regime
unilaterally withdrew from the Anti-Ballistic
Missile Treaty that the
When the Soviet government
released its Eastern European
Last October Admiral Michael Mullen, Chairman of the US Joint Chiefs of Staff, went to Lithuania to give a guarantee to the Baltics of US military intervention in the event of a Russian attack. Like the British guarantee that Chamberlain gave Poland in 1939, a guarantee that precipitated World War II, Mullen`s guarantee is worthless unless the US government initiates nuclear war with Russia in defense of the tiny Baltic republics, which would be wiped out by the radiation fallout.
This malevolent lie was too
much for the Russians and too much of the rest of
the world. It was plain to all that the
This means that unless
The only other way
These purchased governments do not represent their people. They represent American hegemony.
Now that the Great Hegemon is
bankrupt and its economy is collapsing, thanks to
unbridled greed, American influence is waning. The
US dollar cannot survive the massive red ink that
When the dollar collapses, the
image of a strutting
Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan`s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider`s Account of Policymaking in Washington; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow`s Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.