Friday, May 17, 2024

Does Western Civilization Any Longer Exist?/The West Has an Illiterate Financial Press

 

Does Western Civilization Any Longer Exist?

Does Western Civilization Any Longer Exist?

Paul Craig Roberts

Western Civilization has long been under attack by its own intellectuals and professors. Is there anything left of it?

I defend Western Civilization, but Is there any civilization left to defend when the leaders of Western governments endorse Genocide not only of the Palestinians but of their own white ethnicities and brand criticism of Palestinian Genocide as anti-semitism and criticism of white replacement as a hate crime? Even Donald Trump, whose own right to speak is being throttled, wants to deport those who protest Israel’s Palestinian Genocide. The question increasingly before me is: Is there anything left of the West to defend? How can we make America Great Again when there is nothing left with which to work? Even the leader who wants to make us great again opposes free speech. How can he possibly take the oath of office to defend the Constitution?

“When I’m president, we will not allow our colleges to be taken over by violent radicals, and if you come here from a violent country and try to bring jihadism, or anti-Americanism, or antisemitism to our campuses, we will immediately deport you. You’ll be out of that school.” — Donald Trump

Trump’s supporters cheered. Not even those who are for us understand that without free speech there is no accountability.

I defend Christianity. Yet, Christian evangelicals and Christian Zionists support genocide.

Western morality has been inverted. We now live in moral inversion. How can the indefensible be defended?

Former British ambassador Craig Murray concludes that all that remains of the West is an Israeli colony: “The only possible conclusion is that the Zionist political and media classes in the West, including Biden, Blinken, Trudeau, Macron, Sunak, Starmer, Scholtz, von der Leyen and all, are active and willing participants in a programme of genocide.” The West is on its moral high horse about a Russian “invasion” of Ukraine, but fully supports Israel’s invasion of Gaza. https://www.craigmurray.org.uk/archives/2024/05/shameless-2/

Politicians such as Senator Marco Rubio have redefined protests against genocide to be “anti-semitic pro-Hamas, pro-terrorist protests.” Why do our elected representatives shame us in this way?

How is it that we can defend Israel but not our own whiteness? Why does Israel have a right to exist, but not white ethnic nations? https://www.paulcraigroberts.org/2024/04/29/the-shieldmaiden-takes-the-field-against-the-destroyers-of-the-west/

Vladek Filler, a legal immigrant from Kiev, Soviet Union, and a successful US citizen, wonders why feminists side with immigrant rape gangs against raped European women. https://vladekfiller.substack.com/p/feminists-silent-as-germany-allows

What is left when feminists refuse to defend women?

 


The West Has an Illiterate Financial Press

The West Has an Illiterate Financial Press

Paul Craig Roberts

The entire the financial press has zero understanding of basic economics. The financial “journalists” just print press releases.

The US debt has never mattered, because the US dollar is the world reserve currency. That means US debt is the reserves of the world’s central banks. If US debt rises, so does the reserves of the world banking system. All central banks were delighted to accumulate more US Treasury debt as it meant the reserves of their banking system went up.

The Federal Reserve can always redeem US Treasury debt by creating money with which to buy it. The debt is always redeemable because it is denominated in dollars.

The problem arrives when the dollar is deserted as world reserve currency. The morons who comprise the Biden regime are scaring central banks away from the dollar as their reserves because of sanctions against Russia, Iran, China, Venezuela, and others. The slow mental processes of central banks are beginning to understand that having your reserves in US Treasury dollar debt means they can be frozen, seized, denied to your use if you cross Washington.

The threat to Washington is, whereas the Fed can print dollars to redeem the debt, the Fed cannot print foreign currencies to redeem the US dollar. So, if central banks shift their reserves out of dollars into gold, as Russia and China are doing, or into other currencies, the supply of dollars in foreign exchange markets have fewer and fewer takers. Consequently the dollar loses its value relative to gold, silver, and rising currencies, and the dollar’s value falls in foreign exchange markets. As America’s manufacturing is offshored and as America relies on imports of food, US inflation rises. Historically, the Fed’s response to inflation has been unemployment.

The Federal Reserve and the institutions used to suppress gold and silver prices use naked shorts to control the price by dumping shorts into the futures market. In other words, contracts unsupported by actual gold holdings can be used to increase the paper supply of gold in futures markets. As the futures market settles in cash, not in gold deliveries, a flood of paper contracts unsupported by actual physical gold can be used to suppress the price. In other words, the supply of paper gold can be printed just like the Fed can print paper money. Myself and Dave Krantzler have explained this over and over on my website.

This price control process fails when the demand for gold exceeds the physical supply at the suppressed price. We have recently witnessed a new outbreak in the gold price. Is this a sign that the controlled price can no longer hold against the demand for physical gold, or is there some other explanation?

As the fools ruling the US continue their destruction of the country, the dollar and living standards will die with the country. America is likely living her last years. Perhaps this is why Putin and Xi don’t bother to dispose of us.

 

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