American Samizdat

Monday, February 26, 2007. *
Paul Craig Roberts: The World Can Halt Bush’s Crimes By Dumping the Dollar
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. The solution is nonmilitary challenge.

The Bush Regime’s ability to wage war is dependent upon foreign financing. The Regime’s wars are financed with red ink, which means the hundreds of billions of dollars must be borrowed. As American consumers are spending more than they earn on consumption, the money cannot be borrowed from Americans. 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 Regime’s military aggressions and war crimes. The Bush Regime’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.

The collapse of the dollar would also end the US government’s ability to subvert other countries by purchasing their leaders to do America’s will. The demise of the US dollar is only a question of time. 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.

[I find it fascinating that this article can be found both here and here. Follow those links to read the whole thing. A non-military solution to the Bush administration's international tyranny is at hand. Too bad the 'little guy' will be the one to really suffer if the US economy is sunk.]
posted by Trevor Blake at 8:19 PM
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