The Cost of U.S. Hegemony is Beyond Reach


Undeterred by massive budget
deficits from wars, a falling economy, and

financial bailouts,
the
US

government has managed to start a new cold war with Russia. Last Friday, the

Russian military announced
that it was
developing a new generation of ballistic missiles in
response to the US government`s decision to deploy

ballistic missile defenses in Poland
and the
Czech Republic.

The
“peace
dividend”
that the Reagan-Gorbachev accord
provided has been squandered by an arrogant American
government seeking world hegemony.

In 2002 the Bush regime
unilaterally withdrew from the Anti-Ballistic
Missile Treaty that the US government signed with the Soviet Union in 1972. This treaty stabilized the
“assured
mutual destruction”
that prevented the two
military superpowers from initiating war, thus
averting a nuclear holocaust for 30 years.

When the Soviet government
released its Eastern European
“captive nations,”


t
he US government
promised not to recruit the Baltic and Eastern
European countries for NATO membership. The
US

government pledged that NATO would not be brought to Russia`s borders. There would be a
neutral zone between the Western military alliance
and Russia. The
American government broke this promise as quickly as
it could, bringing former constituent parts of the
Russian empire into the American empire.

Last October Admiral Michael
Mullen, Chairman of the US Joint Chiefs of Staff,

went to Lithuania
to give a guarantee to the
Baltics of US military intervention in the event of
a Russian attack. Like the British guarantee that
Chamberlain gave Poland in 1939,
a guarantee
that

precipitated World War II
, Mullen`s guarantee is
worthless unless the US government initiates nuclear
war with Russia in defense of the tiny Baltic
republics, which would be wiped out by the radiation
fallout.

The
US

has tried to incorporate the
Ukraine

and
Georgia
,

constituent parts of Russia for centuries
, into
NATO. To clear the way for NATO membership, the Bush
regime encouraged the American puppet ruler of Georgia to cleanse provinces,
attached to
Georgia

by Stalin, of Russians in order to end secessionist
movements. When Russian troops drove the American
and Israeli trained and equipped Georgian army out
of the Russian parts of
Georgia
, the
US

government lied that
Russia

had invaded
Georgia
..

This malevolent lie was too
much for the Russians and too much of the rest of
the world. It was plain to all that the US, an aggressor
state striving to encircle Russia with bases even to the edge
of central Asia,
had initiated a war that it then blamed on
Russia
. After
Afghanistan
,
Iraq,
Bush`s defense of
Israel
`s 2006 war
criminal attack on
Lebanon
, and Bush`s
false claims of an Iranian nuclear weapon, few, if
any, countries any longer believe pronouncements of
the US government. The US is regarded
worldwide as an aggressor state that lies through
its teeth.

This means that unless China decides to play the US and Russia off in
order to emerge as the sole world power, there is no
one to finance America`s side
of the new cold war that the
US
government has
created.

The only other way
Washington

can finance a new arms race with Russia is to cancel Social Security
and Medicare, and to repudiate its massive foreign
debts. If Washington does this, the likely result would
be revolution at home and isolation internationally.

For decades
Washington

has prevailed because the US dollar is the reserve
currency. It is the world`s money. This advantage
allows
Washington

to purchase almost every other government. There are
governments all over the world, from
Europe
to Egypt, from Ukraine to South Korea to Japan, that are
owned by
Washington
. When
Washington

speaks of spreading freedom and democracy, Washington means it has purchased more
governments to do its will.

These purchased governments do
not represent their people. They represent American
hegemony.

Now that the Great Hegemon is
bankrupt and its economy is collapsing, thanks to
unbridled greed, American influence is waning. The
US dollar cannot survive the massive red ink that
the US generates.

When the dollar collapses, the
image of a strutting Washington as
“the world`s
only superpower”
will evaporate. The evil that
is the American government will find itself at war
with its own people and those of the rest of the
world.

Paul Craig Roberts [email
him
] 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. He was awarded
the Legion of Honor by French President Francois
Mitterrand. He is the author of


Supply-Side Revolution : An Insider`s Account of
Policymaking in Washington
;
 Alienation
and the Soviet Economy
and

Meltdown: Inside the Soviet Economy
,
and is the co-author
with Lawrence M. Stratton of


The Tyranny of Good Intentions : How Prosecutors and
Bureaucrats Are Trampling the Constitution in the Name
of Justice
. Click

here
for Peter
Brimelow`s
Forbes Magazine interview with Roberts
about the recent epidemic of prosecutorial misconduct.