Quarterly Call For Donations

Paul Craig Roberts

Dear friends, readers often ask me what they can do as individuals. My answer is that there are three things you can do that are effective.

First, be aware that solutions are pointless until there is awareness. You can help to build awareness by recommending this site. If we could get as little as one, two, or three percent of the US population aware and determined, we can force on Washington a change of course.

The American middle class is getting poorer. Wages have been stagnant for decades - if jobs can be found to get those wages. Jobs are exported overseas by big corporations. Small businesses get harassed with taxes and big government red tape. There are bailouts to central bankers to the tune of trillions while Main Street businesses go bankrupt. Endless QEs have propped up ‘their’ stock market, largely owned by the 1 percent. The rich are getting fabulously richer while a record number of people are on food stamps.

As several CSRC officials have learned over the past four months, being a “connected guy” vis-a-vis the Politburo does not necessarily mean you are immune when Xi and the Party decide it’s time to make an example of a few “chickens” in order to scare some “monkeys.” 

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting developments are those in Russia, Iceland, Ireland, the UK and Ecuador.

Why is it that when a banking crisis hits, everyone acts surprised?

The reason is actually quite simple: everyone at the top of the financial food chain are highly incentivized to keep quiet about the problems.

Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them.