STOCK MARKET WATCH -- Thursday, 29 January 2015

[Demeter]

8. Russia In The Cross Hairs By Paul Craig Roberts

http://www.informationclearinghouse.info/article40828.htm

Washington’s attack on Russia has moved beyond the boundary of the absurd into the realm of insanity. The New Chief of the US Broadcasting Board of Governors, Andrew Lack, has declared the Russian news service, RT, which broadcasts in multiple languages, to be a terrorist organization equivalent to Boko Haram and the Islamic State, and Standard and Poor’s just downgraded Russia’s credit rating to junk status. Today RT International interviewed me about these insane developments. VIDEO BELOW In prior days when America was still a sane country, Lack’s charge would have led to him being laughed out of office. He would have had to resign and disappear from public life. Today in the make-believe world that Western propaganda has created, Lack’s statement is taken seriously. Yet another terrorist threat has been identified–RT. (Although both Boko Haram and the Islamic State employ terror, strictly speaking they are political organizations seeking to rule, not terror organizations, but this distinction would be over Lack’s head. Yes, I know. There is a good joke that could be made here about what Lack lacks. Appropriately named and all that.) Nevertheless, whatever Lack might lack, I doubt he believes his nonsensical statement that RT is a terrorist organization. So what is his game?

The answer is that the Western presstitute media by becoming Ministries of Propaganda for Washington, have created large markets for RT, Press TV, and Al Jazeera. As more and more of the peoples of the world turn to these more honest news sources, Washington’s ability to fabricate self-serving explanations has declined. RT in particular has a large Western audience. The contrast between RT’s truthful reporting and the lies spewed by US media is undermining Washington’s control of the explanation. This is no longer acceptable. Lark has sent a message to RT. The message is: pull in your horns; stop reporting differently from our line; stop contesting the facts as Washington states them and the presstitutes report them; get on board or else. In other words, the “free speech” that Washington and its EU, Canadian, and Australian puppet states tout means: free speech for Washington’s propaganda and lies, but not for any truth. Truth is terrorism, because truth is the major threat to Washington. Washington would prefer to avoid the embarrassment of actually shutting down RT as its UK vassal did to Press TV. Washington simply wants to shut up RT. Lark’s message to RT is: self-censure. In my opinion, RT already understates in its coverage and reporting as does Al Jazeera. Both news organizations understand that they cannot be too forthright, at least not too often or on too many occasions.

I have often wondered why the Russian government allows 20 percent of the Russian media to function as Washington’s fifth column inside Russia. I suspect the reason is that by tolerating Washington’s blatant propaganda inside Russia, the Russian government hopes that some factual news can be reported in the US via RT and other Russian news organizations. These hopes, like other Russian hopes about the West, are likely to be disappointed in the end. If RT is closed down or assimilated into the Western presstitute media, nothing will be said about it, but if the Russian government closes down Washington’s agents, blatant liars all, in the Russian media, we will hear forever about the evil Russians suppressing “free speech.” Remember, the only allowable “free speech” is Washington’s propaganda. Only time will tell whether RT decides to be closed down for telling the truth or whether it adds its voice to Washington’s propaganda...

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The other item in the interview was the downgrading of Russian credit to junk status. Standard and Poor’s downgrade is, without any doubt, a political act. It proves what we already know, and that is that the American rating firms are corrupt political operations. Remember the Investment Grade rating the American rating agencies gave to obvious subprime junk? These rating agencies are paid by Wall Street, and like Wall Street they serve the US government. A look at the facts serves to establish the political nature of the ruling. Don’t expect the corrupt US financial press to look at the facts. But right now, we will look at the facts. Indeed, we will put the facts in context with the US debt situation.

According to the debt clocks available online, the Russian national debt as a percentage of Russian GDP is 11 percent. The American national debt as a percentage of US GDP is 105 percent, about ten times higher. My coauthors, Dave Kranzler, John Williams, and I have shown that when measured correctly, the US debt as a percent of GDP is much higher than the official figure. The Russian national debt per capita is $1,645. The US national debt per capita is $56,952. The size of Russia’s national debt is $235 billion, less than one quarter of a trillion. The size of the US national debt is $18 trillion, 76.6 times larger than the Russian debt. Putting this in perspective: according to the debt clocks, US GDP is $17.3 trillion and Russian GDP is $2.1 trillion. So, US GDP is 8 times greater than Russian GDP, but US national debt is 76.6 times greater than Russia’s debt. Clearly, it is the US credit rating that should have been downgraded to junk status. But this cannot happen. Any US credit rating agency that told the truth would be closed and prosecuted. It wouldn’t matter what the absurd charges are. The rating agencies would be guilty of being anti-american, terrorist organizations like RT, etc. and so on, and they know it. Never expect any truth from any Wall Street denizen. They lie for a living.

According to this site: http://people.howstuffworks.com/5-united-states-debt-holders.htm#page=4 the US owes Russia as of January 2013 $162.9 billion. As the Russian national debt is $235 billion, 69 percent of the Russian national debt is covered by US debt obligations to Russia.

If this is a Russian Crisis, I am Alexander the Great.

ROBERTS MAKES A BOLD AND NIFTY OFFER!


To dramatize the situation, if President Putin will grant me Russian citizenship and allow me to appoint Michael Hudson and Nomi Prins as my deputies, I will take over the operation of the Russian central bank and put the West out of operation.

MUCH MORE FUN AND GAMES AT LINK


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.

https://www.youtube.com/watch?x-yt-ts=1422327029&x-yt-cl=84838260&v=lL8FzvaXTcQ&feature=player_embedded