Americans are next
By Paul Craig Roberts
June 06, 2015 "Information
Clearing House" -
Over the last 15 months Ukrainians have paid for Washington’s
overthrow of their elected government in deaths, dismemberment of their country,
and broken economic and political relationships with Russia that cost Ukraine
its subsidized energy. Now Ukrainians are losing their pensions and traditional
support payments. The Ukrainian population is headed for the graveyard.
On June 1 the TASS news agency reported that Ukraine has
stopped payments to pensioners, World War II veterans, people with disabilities,
and victims of Chernobyl. According to the report, Kiev has also “eliminated
transport, healthcare, utilities and financial benefits for former prisoners of
Nazi concentration camps and recipients of some Soviet-era orders and titles.
Compensations to families with children living in the areas contaminated by
radiation from the Chernobyl accident will be no longer paid either. Ukraine’s
parliamentary opposition believes that the Prosecutor General’s Office should
launch an investigation against Prime Minister Arseniy Yatsenyuk who actively
promoted the law on the abolition of privileges.”
Notice that this is a yank of the blanket from under the
elderly in Ukraine. “Useless eaters,” they are assigned to the trash can. How do
the deceived Maiden student protesters feel now that they are culpable in the
destruction of their grandparents’ support systems? Do these gullible fools
still believe in the Washington-orchestrated Maiden Revolution? The crimes in
which these stupid students are complicit are horrific.
Yatsenyuk, or Yats as Victoria Nuland calls him, is the
Washington stooge that the US State Department selected to run the puppet
government established by Washington. Yats sounds like a right-wing Republican
when he refers to pensions, compensations, and social services as “privileges.”
This is the Republican view of Social Security and Medicare, programs paid for
by the payroll tax over the working lives of Americans. The Republicans stole
the payroll revenues and spent them on their wars that enrich Wall Street and
the military/security complex, and now blame “welfare handouts” for America’s
Is Monsanto’s right to turn Ukraine into GMO food production a
privilege? ls VP Biden’s son’s right to destroy Ukraine’s surface and
underground water in fracking operations a privilege? Are the external costs
imposed on Ukrainians by these looting activities a privilege? Of course not!
These are not privileges. This is the operation of free market economics
creating the greatest good for the greatest number. (As many Americans will not
realize that I am engaging in satire, I would like to affirm that I am.)
The news report does not say whether the abolished
“privileges” are one part of a reform that will replace the terminated
“privileges” with a new social support system. Possibly this is the case, but as
the termination of pensions and payments was triggered by the coming into effect
of Yat’s law to “stabilize the financial condition of Ukraine,” the purpose of
the termination of Ukraine’s social welfare system might be to free up money to
hand over to the IMF and Western banks. In Ukraine, as in Greece, the gullible
and naive population that saw salvation in unity with the West will be driven
into the ground.
Russia, of course, will be blamed. I can already write the New
York Times and Washington Post editorials and the words that will come from
Obama, CNN, and Fox “News.” In fact, so can my intelligent readers.
The same looting is underway in Great Britain, Italy, Spain,
Portugal, and the United States. In Great Britain everything achieved by the
Labour Party over many decades has been taken away, and not only by the
Conservatives but by Labour leader Tony Blair himself.
Tony Blair sold out his constituents for money and is now
among the One Percent. Bill Clinton did the same thing. Bill and Hillary were
able to spend $3 million on their daughter’s wedding, almost a world record,
dwarfing many Hollywood weddings. Obama is not even out of office and is already
rich. America’s faithful vassals–Merkel, Hollande, and Cameron–can look forward
to equal riches.
Karl Marx was correct when he said that money corrupts all.
Everything becomes a commodity that is bought and sold for money.
When money becomes the measure of a person, people have become
corrupted. And that is the plight of the Western world.
Where in the West is your wealth, small or large, safe?
Nowhere. Washington has destroyed financial privacy everywhere in the West.
Washington even forced Switzerland to violate its own laws in order to comply
with Washington’s insistence on the absence of any financial privacy.
For decades Americans with foreign bank accounts have been
required to report them on their income tax returns. Now if an American owns a
gold coin in a vault overseas, this must be reported to Washington.
Once Washington knows the location of your assets, the assets
can be confiscated at will. Washington only has to make some declaration or
accusation or the other, and your wealth is gone.
As Washington has run the printing presses hard in order to
serve a handful of banks that control the US Treasury and the Federal Reserve,
unless China and Russia acquiesce to becoming Washington’s vassals, at some
point the dollar’s value is going to slide downward. When that happens, the
Federal Reserve cannot continue to create new money to meet Washington’s needs.
Where will the money come from? It will come from Americans’
Pensions accumulate tax free, and this accumulation will be
confiscated in whole or part to make up for the failure to tax, another
That confiscation works that year. But what happens the next
year when the dollar is reeling on foreign exchange markets from over-supply?
The answer is that another chunk of American pensions, and I
am speaking of private pensions, will be confiscated “in order to stabilize the
financial system.” Social Security will be long gone by this time.
Alicia Munnel, who was my replacement as Assistant Secretary
of the Treasury for Economic Policy in the Clinton regime, advocated many years
ago a confiscation of private pensions, including your IRAs and 401Ks, in order
to compensate the US government for their non-taxed status.
Alicia has a sinecure at an Eastern university where she
continues to advocate against your pension. The joint attack by Clinton
Democrats on private pensions and by Conservative Republicans on public pensions
means that no American can look forward to having a pension. Americans are only
one presidential election away from the loss of their pensions, and it doesn’t
matter who they vote for.
Economic security is a thing of the past. Security was a
product of the US being the only extant economy following World War II. In those
days corporations believed, as did Washington, that companies had obligations
not only to shareholders but to employees, customers, and the communities in
which they were located.
This meant prosperity for all, not merely, as is the case
today, for corporate management and shareholders.
Apologists for exploitation claim that the rich are richer
because they are smarter. But the stupidity of the rich is everywhere visible.
The greedy fools have destroyed their domestic US market. Really, how stupid can
you be? How do Americans buy when they are forced by offshoring out of well paid
manufacturing and software engineering jobs into being waitresses, bartenders,
retail clerks and part-time Walmart workers in order that corporate bottom lines
improve? Who buys the stuff that sustains the profits? Not Americans who no
longer have the incomes to do so.
The belief spread by Wall Street and “shareholder advocates”
that corporations only have responsibility to their owners and managers has
destroyed the American economy.
By locating production offshore, corporations have destroyed the incomes that
supported the American consumer market. For example, the incomes associated with
the production of Apple computers, I-Pads, and I-Phones are in China. Apple’s
American customers do not have the incomes associated with the production of the
products that Apple markets to them.
Americans are already dispossessed of their livelihoods and
careers and their pensions are next. Wherever we look, the fate of populations
under Western influence are the same. The Ukrainians are exploited, the Greeks,
the British, the Americans.
Wherever the West has an imprint, the populations are
exploited. Exploitation of the many for the few is the Hallmark of the West, a
decrepit, corrupt, and collapsing entity.
Dr. Paul Craig Roberts was Assistant Secretary of the
Treasury for Economic Policy and associate editor of the Wall Street Journal. He
was columnist for Business Week, Scripps Howard News Service, and Creators
Syndicate. He has had many university appointments. His internet columns have
attracted a worldwide following. Roberts' latest books are
The Failure of Laissez Faire Capitalism and Economic
Dissolution of the West and
How America Was Lost.