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July
12
2022

The Latest News Foretells American Collapse
Paul Craig Roberts

California Democrat Governor Newsom intends to phase out gasoline powered cars by 2035 and replace them with battery powered cars that have to be continually recharged with electricity.  Currently, there is insufficient electricity available to California to safeguard California from brownouts at current usage.  In the meantime California’s last nuclear energy electricity plant faces closure.  It is completely unclear how California is going to have enough clean electricity for its electric-only cars. A safe conclusion is that California is headed for an unmanageable energy crisis.

Currently California relies on electricity produced in other states.  Is California’s plan to make itself “clean” by confining the production of electricity to California’s suppliers in other states?  Does California get “clean” by dirtying other states?

The Biden regime, which even Democrats are tired of, has decided to cancel a US Supreme Court ruling that overturned Roe vs. Wade with a presidential executive order. The executive branch has no such authority. Executive orders cannot be used to make law or to overturn court decisions.  With his executive order, the White House Fool is violating the separation of powers.  This step into dictatorship, of course, will cause no regrets among abortion advocates. Perhaps the Supreme Court will find the courage to issue an injunction against President Biden.  Perhaps after the wipeout of Democrats in November, the White House Fool can be impeached.

Doomsday Russian submarine enters service. Undetectable, capable of destroying entire carrier battle fleets, and wrecking coastal cities with tsunamis, Washington is picking a war it cannot win.

Washington has decided to proxy-fight Russia until the last Ukrainian is dead. The British have committed to their Washington masters to train 10,000 Ukrainians every 4 months to throw as cannon fodder at the Russians.  This program is likely to fail due to Ukrainian non-participation.

Throughout the American West water is disappearing. The two major reservoirs have shrunk so much that power generation is threatened. Yet the Democrat regime has permitted 2.2 million more immigrant-invaders to enter the US since 2020 amidst a water and power shortage!  Here we witness the downfall of the United States, which are hardly united, in the inability of “leaders” to comprehend facts. As of August 2020 more than 45 million people living in the US were born in another country. Given the difference in birth rates and the demonization of the founding white ethnics, America essentially no longer exists. 

The British government defends the right of Ukraine to choose their own future, but how can the Ukrainians choose their own future when they are Washington’s puppet?

Meanwhile the Kremlin, which holds all the cards but doesn’t know how to play them, sent Foreign Minister Lavrov to the G-20 meeting even though the Kremlin had previously admitted that talking to the West was pointless.  So why was Lavrov sent to be humiliated with insults?  The Kremlin seems to have a difficult time adjusting to reality.

Indeed, where can reality be found?  It can be found in Putin’s speech but not in the Kremlin’s policy. Russia continues to supply energy to her enemies with whom she is at war.

The Western World has committed suicide. Its universities and public schools have demonized beyond recovery Western prestige and accomplishments.  All that is taught is that the West is evil.  How does such an evil force as the West is said to be present itself as a moral example and claim hegemony?

Hon. Paul Craig Roberts is the John M. Olin Fellow at the Institute for Political Economy, Senior Research Fellow at the Hoover Institution, Stanford University, and Research Fellow at the Independent Institute. A former editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service, he is a nationally syndicated columnist for Creators Syndicate in Los Angeles and a columnist for Investor's Business Daily. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists.

He was Distinguished Fellow at the Cato Institute from 1993 to 1996. From 1982 through 1993, he held the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies. During 1981-82 he served as Assistant Secretary of the Treasury for Economic Policy. President Reagan and Treasury Secretary Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "his outstanding contributions to the formulation of United States economic policy." From 1975 to 1978, Dr. Roberts served on the congressional staff where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy.

In 1987 the French government recognized him as "the artisan of a renewal in economic science and policy after half a century of state interventionism" and inducted him into the Legion of Honor.

Dr. Roberts' latest books are The Tyranny of Good Intentions, co-authored with IPE Fellow Lawrence Stratton, and published by Prima Publishing in May 2000, and Chile: Two Visions - The Allende-Pinochet Era, co-authored with IPE Fellow Karen Araujo, and published in Spanish by Universidad Nacional Andres Bello in Santiago, Chile, in November 2000. The Capitalist Revolution in Latin America, co-authored with IPE Fellow Karen LaFollette Araujo, was published by Oxford University Press in 1997. A Spanish language edition was published by Oxford in 1999. The New Colorline: How Quotas and Privilege Destroy Democracy, co-authored with Lawrence Stratton, was published by Regnery in 1995. A paperback edition was published in 1997. Meltdown: Inside the Soviet Economy, co-authored with Karen LaFollette, was published by the Cato Institute in 1990. Harvard University Press published his book, The Supply-Side Revolution, in 1984. Widely reviewed and favorably received, the book was praised by Forbes as "a timely masterpiece that will have real impact on economic thinking in the years ahead." Dr. Roberts is the author of Alienation and the Soviet Economy, published in 1971 and republished in 1990. He is the author of Marx's Theory of Exchange, Alienation and Crisis, published in 1973 and republished in 1983. A Spanish language edition was published in 1974.

Dr. Roberts has held numerous academic appointments. He has contributed chapters to numerous books and has published many articles in journals of scholarship, including the Journal of Political Economy, Oxford Economic Papers, Journal of Law and Economics, Studies in Banking and Finance, Journal of Monetary Economics, Public Finance Quarterly, Public Choice, Classica et Mediaevalia, Ethics, Slavic Review, Soviet Studies, Rivista de Political Economica, and Zeitschrift fur Wirtschafspolitik. He has entries in the McGraw-Hill Encyclopedia of Economics and the New Palgrave Dictionary of Money and Finance. He has contributed to Commentary, The Public Interest, The National Interest, Harper's, the New York Times, The Washington Post, The Los Angeles Times, Fortune, London Times, The Financial Times, TLS, The Spectator, Il Sole 24 Ore, Le Figaro, Liberation, and the Nihon Keizai Shimbun. He has testified before committees of Congress on 30 occasions.

Dr. Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University where he was a member of Merton College.

He is listed in Who's Who in America, Who's Who in the World, The Dictionary of International Biography, Outstanding People of the Twentieth Century, and 1000 Leaders of World Influence. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He can be reached at: [email protected]

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