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Why Is Europe Making Itself Irrelevant?

 

Readers want to know why the UK PM and European leaders–really, non-readers, misleaders, bad leaders–want war with Russia over Ukraine.  My answer is that they don’t.

What would they go to war with?  According to the European “leaders,” they already have given all their weapons to Ukraine and have nothing with which o fight a war.  The only way Europe can send any money to Ukraine is to get the EU central bank to print euros to send to Ukraine. 

Europe Making Itself Irrelevant:  Moreover, the NATO force structure depends on the United States.  Without the US, Europe lacks a force structure that can support a war.

Trump has ruled out war with Russia and read Zelensky the riot act.  Unless Putin makes a fantastic mistake, I expect the conflict to end, writes Dr. Paul Craig Roberts, chairman of The Institute for Political Economy, former associate editor of the Wall Street Journal, US Undersecretary of the Treasury in the Reagan administration, author, and a regular contributor to the Herland Report.

 

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Europe Making Itself Irrelevant: Perhaps what is going on with Europe’s is that EU governments, after sending so much money and weapons to Ukraine backed by claims that Ukraine was winning and would win, want to be able to say that Trump sold out Ukraine in order to avoid accountability to the deceived populations of Europe.  They can blame Trump for denying Ukraine and NATO a victory.

The European talk of sending “peacekeepers” to Ukraine is nonsense. Putin intends a settlement, an over-and-done-with event, not a ceasefire with European “peacekeepers.”  Trump can’t get a settlement if he sides with the EU against Putin.  If Trump and Putin don’t accept “peacekeepers,” it can’t happen.

 

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Europe Making Itself Irrelevant:  Here is a thought.  Trump sees economic growth as fed by opportunity.  He sees more opportunity in business deals with Russia, India, China, the rest of Asia, and Africa than he sees in Europe.  Trump understands that it was sanctions and the weaponization of the dollar that produced BRICS and the search for an alternative for central bank reserves and international payments.

To save the dollar’s role as reserve currency, Washington needs to stop bullying.  Trump, like Putin, wants deals that work for everyone, not wars. In a world in which the dollar is not used as a weapon against other countries, BRICS is not necessary.

Trump sees tariffs in a different way than indoctrinated free-market economists.  Tariffs don’t prevent trade.  They ensure that countries have something with which to trade. 

 Moreover, tariffs are a tax on consumption, not a tax on factors of production such as labor and capital. And as I emphasize, tariffs in place of income tax eliminates the resurrection of a form of slavery established  in 1913 when government was given partial ownership of the labor of every working citizen.

We have little to lose by supporting Trump and keeping him focused on his agenda. We should not add to problems for Ukraine’s sake, or for Israel’s sake, or some other non-American interest.  

There are sufficient unaddressed threats around, such as AI and the creation and release of another virus, to knock Trump’s agenda off balance.

Life is a challenge.  Making good decisions is a difficult thing to do.  Let’s try for a change to meet the real challenges and to make good decisions.  Trump has given us an opportunity we have not had for a long time.  Be thankful for it.

 

About the author

Dr. Paul Craig Roberts is the chairman of The Institute for Political Economy, former associate editor of the Wall Street Journal, US Undersecretary of the Treasury in the Reagan administration, author, and a regular contributor to the Herland Report. He has had careers in scholarship and academia, journalism, public service, and business. He has been awarded the Treasury Department’s Meritorious Service Award for “his outstanding contributions to the formulation of United States economic policy.”
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