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Janet Yellen's Christmas Gift to Wall Street
Last week we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements. All it took was one word in the Federal Reserve Bank's press release -- that the Fed would be “patient” in raising interest rates to normal levels -- and stock markets went wild. The S&P 500 and the Dow Jones Industrial Average had their best gains in years, with the Dow gaining nearly 800 points from Wednesday to Friday and the S&P gaining almost 100 points to close within a few points of its all-time high.

21 December 2014read on...

Cold War Spy Games Show the Moral Bankruptcy of the US National Security State
Rolando Sarraff Trujillo, the Cuban government official who was released from prison as part of a spy trade between the US government and Cuba, is being hailed by US officials as a hero. Of course, that’s not the view of the Cuban government, which considers Sarraff a traitor.

20 December 2014read on...

Regime Change in Cuba
Normalization of relations with Cuba is not the result of a diplomatic breakthrough or a change of heart on the part of Washington. Normalization is a result of US corporations seeking profit opportunities in Cuba, such as developing broadband Internet markets in Cuba.

19 December 2014read on...

US Overlooks Russia Sanctions Backlash on Own Economy
While the US pursues the "nuclear" option of a first strike on the Russian economy -- seeking to depress the price of oil while denying Russia access to international financial markets -- the economic backlash of such a move could well be as dangerous for the US economy. Already the US oil industry is feeling the pain of the price drop that many believe is the result of a US/Saudi deal to put the squeeze on the Russian economy. RPI's Daniel McAdams is on RT today to discuss the implications of the new anti-Russia legislation passed in the dead of night after Members had gone home.

18 December 2014read on...

Bombs Away! Obama Signs Lethal Aid to Ukraine Bill
President Obama made good today on his promise to sign the Ukraine Freedom Support Act of 2014, which had passed Congress last week. Dubbed by former Rep. Dennis Kucinich the bill that "reignited the Cold War while no one was looking," the Act imposes new sanctions on the Russian defense and energy industries, authorizes $350 million in lethal military assistance to the US-backed government in Kiev, urges that government to resume its deadly military operations against the Russian-speaking areas of east Ukraine seeking to break away from Kiev's rule, and authorizes millions of dollars to fund increased US government propaganda broadcasts to the countries of the former Soviet Union. Just days before Christmas, this bill is a massive gift to the US defense industry from which Ukraine will be required to purchase its lethal wish list.

18 December 2014read on...

Torture and the Destruction of the Human Being Shaker Aamer by the United States
The Bush and Obama administrations have gone to extraordinary lengths to hide America’s archipelago of secret prisons and systems of torture.

18 December 2014read on...

For Truly Better Relations with Cuba, Open the Door and Get Out of the Way!
President Obama today took a bold and surprising step toward ending the futile 50 year US embargo of Cuba. The president announced he would begin normalizing relations, including upgrading the diplomatic mission in Havana to embassy status. The president also said he was taking steps to increase travel, commerce, and the flow of information between the US and Cuba.

17 December 2014read on...

The Cold War Has Never Ended for the CIA
In the midst of the CIA’s torture scandal, USAID continues its obsessive Cold War activity against Cuba, in a desperate attempt to finally, once and for all, oust the Castro regime from power and install another pro-U.S. dictatorship.

17 December 2014read on...

Three Members of Congress Just Reignited the Cold War While No One Was Looking
Late Thursday night, the House of Representatives unanimously passed a far-reaching Russia sanctions bill, a hydra-headed incubator of poisonous conflict. The second provocative anti-Russian legislation in a week, it further polarizes our relations with Russia, helping to cement a Russia-China alliance against Western hegemony, and undermines long-term America’s financial and physical security by handing the national treasury over to war profiteers.

16 December 2014read on...

BBC US Editor Parrots CIA, Republican Talking Points on Senate Torture Report
The BBC is supposed to be an "impartial", "honest" and "independent" news outlet, but today its US Editor, Jon Sopel, showed very clearly whose side he is on. In a short post, "A whiff of hypocrisy about CIA report?", he regurgitates some staple Republican talking-points and makes arguments eerily similar to those presented by former CIA and Bush officials in their various self-exculpatory media appearances this past week.

16 December 2014read on...

Featured Articles

Will Egypt Implode Tomorrow?


The Egypt experiment is falling apart. The crisis point may be reached as early as tomorrow, June 30th, when massive demonstrations are expected to rock the rule of Muslim Brotherhood's Mohamed Morsi. It has been a slow-motion disintegration from the begining, however.

US-backed liberal Egyptians took to Tahrir Square in 2011, trained by the State Department to mobilize masses through social media to overthrow Mubarak rule. Their success resulted in their being shunted aside in favor of the real power in Egypt, post-Mubarak: the Muslim Brotherhood and the military.

Since then, contrary to US government predictions, democracy and freedom has not broken out bringing with it economic prosperity and social harmony. History teaches us that revolutions are not as simplistic and binary (bad out, good in) as their supporters would like us to believe. The Egyptian economy, dependent on tourism, has been in free-fall since the unrest, leading to deep layers of resentment in those who were told that overthrowing Mubarak would bring economic growth.

Why did the US support both the position (Mubarak) and the opposition (April 6 Movement, Kifaya, etc.)? It is not as uncommon as it might seem. Mubarak's sclerotic rule was coming to an end anyway, Egypt's population was young and frustrated, and though the US did not necessarily wish to spoil its relationship with the Egyptian dictator it did seek maximum influence on the coming succession struggles.

Additionally, as Mubarak explains in an interview this month, he was proving an irritation to the US over his refusal to allow permanent US military installations in Egypt and his refusal to allow the US to "help" with establishing a communications network in Egypt.

Said Mubarak this month:

“[Late defense minister Abdelhalim] Abu Ghazleh came once to me and said the Americans requested to build a base here and I agreed. I told him: You have no authority to approve that and neither do I. You don’t own (Egypt) and neither do I.

“When I later met with the then-U.S. Secretary of Defense during an official visit to the U.S., he told me Abu Ghazleh approved establishing a military base. I told him the Egyptian constitution allows neither Abu Ghazleh nor me to approve that. Such an issue requires the approval of the parliament, and even if the latter approves, a popular referendum is required. I ended the subject there. They have more than once requested establishing bases in West Cairo and Burj al-Arab. They wanted bases at any expense.”

Mubarak also stated that the U.S. had attempted to assert control over Egypt’s communications systems.

“Then they wanted to establish an electronic network for the armed forces. This is of course so Israel and America monitor [the armed forces]. I told the defense minister to make them forget about it. But they returned later wanting to connect all Cairo central terminals with Ramsis’, and they actually agreed on that with the telecommunications minister.”

Mubarak said that he was informed of the American plan by the armed forces and realized that such a plan, if carried out, would allow the U.S. to paralyze all communications in Egypt.

“This means that when work at Ramsi's central terminal stops, all communications in Egypt stop. I summoned the telecommunications minister and told him: ‘So in this case, any phone call made passes through Ramsis central.’ He said the Americans will do this for free.’ I told him: ‘Don't you dare approve that. He said that the Americans had already connected Giza’s central terminal with Ramsi's. So I told him to just obstruct the plan at this point.”

It is easy to dismiss this interview as the revisionist mutterings of a former US concubine tossed aside in favor of a more youthful suitor. But considering revelations about US/UK spying not just in far flung areas but even in the heart of Europe, suddenly such claims seem less far-fetched. And reports that the US military is deploying to Egypt suggest its new rulers may welcome a bit more foreign muscle to keep unrest from becoming too threatening.

Unrest is reaching a crisis point, though. Clerics are warning of a civil war. And the US is worried. In Africa, President Obama has expressed concerns over the increasing likelihood of major violence and has taken steps to protect the US Embassy in Cairo.

Tomorrow's protests will pit various factions against each other, including the reformists, Morsi's Islamists, and the increasingly restive military. The stakes could not be higher.

When Egypt falls apart completely, which is likely, the result will be even more chaos, economic collapse, and bloodshed. Blame will be apportioned to the rulers, the opposition, the military, the Mubarak-era decay, the economy. All have a role, to be sure. But what we will not see, particularly in the US mainstream media, is the blame that should be laid at the foot of a decades-long wrongheaded US foreign policy, which props up one corrupt regime, finances armies of regime-change specialist NGOs, switches sides, calls a revolution in the streets "democracy", and looks on seemingly-puzzled at the dislocated and desperate society left in its wake. The role of US interventionism in the destruction will not be raised in the US media or by US politicians pretending to seek answers. Interventionism can never be blamed because...well...we meant well.

Copyright © 2013, The Ron Paul Institute for Peace and Prosperity. Permission to reprint in whole or in part is gladly granted provided full credit is given and a live link provided.


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