Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff.
Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that the vulture funds had bought for a few pennies on the dollar. http://www.theguardian.com/world/2014/jun/27/us-vulture-funds-argentina-bankruptcy These vultures were called “creditors” who had made “loans” regardless of the fact that they were not creditors and had made no loans. They were opportunists after easy money and were used by Washington to get rid of a reformist government. Continue reading »