United States

Will America Survive Washington?

Paul Craig Roberts

In recent columns posted on my website, I brought attention to two dramatic and dangerous developments between the two major nuclear powers.

Via The Daily Bell

223 years ago today, “The Dreadful Night” occurred in Western Pennsylvania, after an uprising called The Whiskey Rebellion.

The United States was brand new. Soldiers who had fought for independence from Great Britain found themselves on opposite sides of a skirmish. Some were having their rights violated practically before the ink was dry on the Bill of Rights. Other Veterans of the Revolution were doing the oppressing at Alexander Hamilton’s behest.

It sounds like something out of the plot of a mob movie: Two corrupt government employees offer a third party who discovers one of their schemes a cut of the profits. When he refuses to accept their dirty money, he is promptly “taken care of."

Three US nuclear-powered Nimitz-class aircraft carriers representing nearly $30 billion of advanced military hardware put on show of force in the Western Pacific Ocean over the weekend, the first time three of the 100,000-ton behemoths have sailed together in a decade. Amidst heightened tensions with North Korea the USS Ronald Reagan, USS Nimitz, and the USS Theodore Roosevelt are currently engaged in a four day war games exercise which will link up with allies Japan and South Korea, who are also participating. 

S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated.