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Forum Post: Paul Craig Roberts: Americans Awash In Spin

Posted 12 years ago on Oct. 31, 2011, 4:20 a.m. EST by alouis (1511) from New York, NY
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http://www.opednews.com/articles/Americans-Awash-In-Spin-by-paul-craig-roberts-111028-64.html Paul Craig Roberts is a brilliant guy I don't always agree with. This article is a good picture of where things are today.:

I have come to the conclusion that Big Brother's subjects in George Orwell's 1984 are better informed than Americans.

Americans have no idea why they have been at war in the Middle East, Asia and Africa for a decade. They don't realize that their liberties have been supplanted by a Gestapo Police State. Few understand that hard economic times are here to stay.

On October 27, 2011, the US government announced some routine economic statistics, and the president of the European Council announced a new approach to the Greek sovereign debt crisis. The result of these funny numbers and mere words sent the Standard & Poor's 500 Index to its largest monthly rally since 1974, erasing its 2011 yearly loss. The euro rose, putting the European currency again 40% above its initial parity with the US dollar when the euro was introduced.

On National Public Radio a half-wit analyst declared, emphatically, that the latest US government statistics proved that the recovery was in place and that there was no danger whatsoever of a double-dip recession. And half-brain economists predicted a better tomorrow.

Europe is happy because the European private banks, the creditors of the European governments, have agreed to eat 50% of Greece's soverei

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[-] 0 points by newearthorder (295) 12 years ago

89[

[-] 0 points by alouis (1511) from New York, NY 12 years ago

? huh?