The World Can Halt BushÂ’s Crimes By Dumping The DollarBy Paul Craig Roberts, Countercurrents.org
What would be the consequences of a US or Israeli attack on Iran’s nuclear energy sites? . . . Such an attack justified in the name of “American security” and “American hegemony” would constitute the rawest form of evil the world has ever seen, far surpassing in evil the atrocities of the Nazi and Communist regimes.
Do you or someone you know suffer from Bush Derangement Syndrome? Symptoms include excessive rhetoric, spontaneous spittle-flecked tirades, frequent flag-burning sensations, and a strange compulsion to support tyrranical madmen who'd as soon cut your throat as look at you no matter how much you do for them.
The Bush Regime has taken the US outside the boundaries of international law and is acting unilaterally, falsely declaring American military aggression to be “defensive” and in the interests of peace. Much of the world realizes the hypocrisy and danger in the Bush Regime’s justification of the unbridled use of US military power, but no countries except other nuclear powers can challenge American aggression, and then only at the risk of all life on earth.
THose with BDS also frequently suffer from immanentization of the eschaton.
The solution is nonmilitary challenge.
| You too can be a Y'urp-peon! Challenge your foes with soft power! |
The US is totally dependent upon foreigners to finance its budget and trade deficits. By financing these deficits, foreign governments are complicit in the Bush RegimeÂ’s military aggressions and war crimes. The Bush RegimeÂ’s two largest lenders are China and Japan. It is ironic that Japan, the only nation to experience nuclear attack by the US, is banker to the Bush Regime as it prepares a possible nuclear attack on Iran.
If the rest of the world would simply stop purchasing US Treasuries, and instead dump their surplus dollars into the foreign exchange market, the Bush Regime would be overwhelmed with economic crisis and unable to wage war. The arrogant hubris associated with the “sole superpower” myth would burst like the bubble it is.
"They could buy some other stable currency, like, say, Zimbabwean Dollars, or Venezuelan Bolivars, or North Korean Whatchamacallits!"
| Mr. Roberts demonstrates just how extreme his BDS is, and how little he knows of economics (or anything): the world buys US dollars because the US is the safest, most secure country in the world. Our treasury securities are the most reliable bond, note, bill, on the planet. You can't get anything better. As Mike notes, what are you going to do, buy Bolivars? Or even Euros? Why buy notes issued by a dying continent? No intelligent investor is going to dump the dollar to buy currencies in dying or strife-ridden lands. |
The demise of the US dollar is only a question of time.
"There's never been a better time to buy gold! Hi, I'm Paul Craig Roberts for GoldBug International Gold Exchange-dot-com . . . ."
It would save the world from war and devastation if the dollar is brought to its demise before the Bush Regime launches its planned attack on Iran.
Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review.
| Definitely tossed a big plaque, didn't he? |