Third World Nation

The US will be a third world nation within the next nine years.

This is the prediction of Paul Craig Roberts in the article which inspired this post: US On Road To Third World — Paul Craig Roberts

I am going to break down this article into point format to make it easy to see why that is so, although the article is already well written and researched in itself.  As Roberts explains, he predicted back in early 2004 that this would come about within 20 years. This, his latest article shows how the prediction is progressing, with just nine years to go.  I think I have faithfully extracted all of the salient points made, but you could also give the original a read for yourself, if you want to know more.

1. US real household income has declined ranging from 17.1% for the lowest level to 4.8% for the highest level, since 2006.
2. Only the top 1% of income earners have seen an increase in that same period.
3. Those income declines are based on official figures. More realistic figures suggest that real incomes are now below what they were in the late 1960s – early 1970s.
4. During the so-called economic recovery since 2009 the US labour force has shrunk due to a sustained decline in participation rate.
5. In March 2015, more than 93 million Americans of working age were not in the labour force, a historical record.
6. The true US unemployment rate is currently 23%, not the 5.2% reported figure.
7. In 2014, 38% of all American workers made less than $20,000
8. In 2014, 51% of all American workers made less than $30,000
9. In 2014, 63% of all American workers made less than $40,000
10. In 2014, 72% of all American workers made less than $50,000.
11. The scarcity of jobs and the low pay are direct consequences of jobs offshoring.
12. The US economy is only creating lowly-paid part-time jobs, such as waitresses, bartenders, retail clerks, and ambulatory health care services.
13. Full-time jobs with benefits continue to shrink as a percentage of total jobs.
14. Half of all 25-year-olds cannot afford to form households and are living with parents.
15. The Finance industry is the only sector of the US economy that is growing.
16. Finance is not a productive activity. It is a looting activity.
17. The financial sector is a grave threat to the economy.
18. The absence of growth in consumer income means there is no demand growth to drive the economy.
19. Consumer indebtedness limits the ability to increase spending.
20. Lower consumer spending means limited appeal for new investment by businesses.
21. The economy simply cannot go anywhere, except down.
22. An economy that doesn’t make things does not innovate.
23. The economic and social infrastructure is collapsing
24. The family itself is collapsing.
25. The rule of law is collapsing.
26. The accountability of government is collapsing.
27. (Roberts doesn’t mention this but I am adding it anyway) The national physical infrastructure is also collapsing.
28. The prospect of no jobs means the demand for college education declines.
29. Becoming indebted by study only to find available employment cannot service student loans becomes a bad economic decision.
30. University administrations spend 75% of the university’s budget on themselves.
31. The prospects for good full time university teaching faculty with a career before them has collapsed.
32. The demand for university education will collapse and with it science and technology.
33. The rise of the neoconservative hubris of US world hegemony has resulted in 14 years of wars that have cost $6 trillion (and not a single positive outcome).

As Roberts says: “It is a reasonable conclusion that a social-political-economic system so incompetently run, already is a Third World country.”

I predict that the US has a lot further to sink into becoming a failed state, at war with and within itself, yet, and nine years seems to me to be a generous estimate for all this to come to pass.

…and the US is, of course, just the tip of the iceberg, under which floats all of western civilisation.

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‘A Potted History Of The United Nations’ or ‘America’s Failed Attempts To Rule The World’

This post inspired by: Obama Deifies American Hegemony

An exposé, almost a diary, of the machinations and manipulations of the US, also fortunately for the world at large a litany of failures (fortunate because it prevented a prison nation from developing into a prison planet).  Those actions being ostensibly aimed towards claiming their divinely ordained position as the World Leader.  

An exposé, written about US President Obama’s speech today at the UN General Assembly, by Paul Craig Roberts in an article that needs no comment from me to add to what it already brilliantly portrays.

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 and is the author of several books.

Magna Carta: 800 Years of Human Rights

So, tomorrow June 15 2015 marks the 800th anniversary of the Magna Carta Libertatum (the Great Charter of the Liberties), the document which forms the basis of law around which democratic rights have been understood since the middle ages.

Magna_Carta_(small)Note: A readable version of this image (6Mb, by zooming) can be found in the Wikipedia link in the above paragraph.

I am proud of the fact that one of only four known original copies (if that’s not an oxymoron) of this important document lays protected within the ancient castle walls of my home town of Lincoln, UK (a place of once far greater importance than it currently enjoys).  I was privileged to show this document, on display within the castle, to my daughter Naomi when she accompanied me on what I subsequently determined to be my last trip overseas from Australia in 2010.

Sadly, the rights embodied in that document have all but been forgotten and trodden underfoot by modern so-called democratic governments which more resemble tyrannical states these days.  I want to draw attention to this article by Paul Craig Roberts which has some interesting and controversial things to say about the subject.  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.

I want to highlight some of what I consider to be important point that Dr. Roberts makes:

“Beginning with the Clinton Administration and rapidly accelerating with the George W. Bush and Obama regimes and Tony Blair in England, the US and UK governments have run roughshod over their accountability to law.”

Both the US and UK in the 21st century have gone to numerous wars illegally under the Nuremberg Standard established by the US and UK following Germany’s defeat in WWII and used to execute Germans for war crimes. The US and UK claim that unlike Germany they are immune to the very international law that they themselves established in order to punish the defeated Germans. Washington and London can bomb and murder at will, but not Germany.”

Western capitalism is a looting mechanism. It loots labor. It loots the environment, and with the transpacific and transatlantic “partnerships” it will loot the sovereign law of countries. For example, France’s laws against GMOs become “restraints on trade” and subjects France to punitive law suits by Monsanto. If France doesn’t pay Monsanto the damages Monsanto claims, France is subject to punitive sanctions like Washington applies to Russia when Russia doesn’t do what Washington wants.”

“Eight hundred years of reform is being overturned as Washington and its vassals invade, bomb, and overthrow governments that are out of step with Washington’s agenda. Formerly self-sufficient agricultural communities are becoming wage slaves for international agribusiness corporations. Everywhere privilege is rising above law and justice is being lost.”

The demise of the rule of law has stripped ordinary people of security and dignity. Peoples of the world must protect themselves by acting in defense of the Great Charter’s principle that governments are accountable to law. Governments unaccountable to law are tyrannies whatever they might call themselves, no matter how exceptional and indispensable they declare themselves to be.”

“Monday in Westminster in London, the International Tribunal for Natural Justice is forming. If my understanding of this work of Humanitad is correct, we have a cause for hope. Perhaps the Tribunal will try the criminals of our time, almost all of which are “leaders” of Western governments, on the Internet with juries and prosecutors so that populations everywhere can witness the evil that every Western government represents.

Once the West is perceived as the evil force that it is, it will have to reform and again embrace Edward Coke’s vision of the Great Charter or become an unimportant backwater while the rest of the world goes on to better things. The world is saved once the world ceases to bow down to the American Caesar.”  (emphasis is mine)

I should add that although this article speaks specifically of the US and UK, it could just as easily have included all of the english speaking nations, the exclusive so-called ‘five-eyes’ club including US lapdog Australia and the belatedly rejoined New Zealand, in its justifiable condemnations.

This period of our history will itself go down in history (if in fact there is anyone left to write and subsequently read it) as a second Dark Age in the annals of mankind.  I fervently hope that it is soon brought to an early end and that we may rebuild on the ashes of our present civilisation a restored era of liberty, equality and global fraternity.  I further hope that we are given the opportunity or chance to make that happen, but I also know that there are further and even darker times for us to endure before that can take place, if in fact it does.