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The American Descent Into Fascism
Paul Craig Roberts

This morning I posted “The Aggressive Stupidity of America’s business, educational, government, and military leaders is astounding.” 

As it was astounding this morning, what do I call it this mid-afternoon when the stupidity of American leadership is already 10 times worse than it was this morning?

You are not going to believe this, but Chase Bank has canceled General Mike Flynn’s personal credit card, citing “possible reputational risk to our company.”  

General Flynn is a three-star general.  Few make it to this rank.  He was Director of the Defense Intelligence Agency.  He played a key role in shaping American counterterrorism strategy and dismantling insurgent networks.  General Flynn recognized that Obama’s policy toward Syria was a failure as the terrorists that the Obama narrative said the US opposed were the same people as the alleged “moderate democrats fighting the dictator Assad” that the Obama regime was supporting as the proxy army for the US invasion that was blocked by Russia. Consequently, the corrupt Obama regime forced him into retirement.  In America top generals are not permitted to tell the truth any more than top scientists and top medical professionals.  Honest journalists have long been eliminated. Physicists living on government grants  and engineering firms working on government contracts can say nothing about 9/11.  They all know that the official narrative is a total lie, but they cannot say so.

The CIA, which was arming and training the terrorists described as democrats that Obama was unleashing on Syria, sicced  its assets in journalism on Flynn, creating a negative impression of him.  

When President Trump appointed Flynn National Security Adviser, it sent fear throughout the corrupt American establishment.  Here was a man in a powerful position that knew where all the bodies were buried.  Instantly, the deep state went to work to get rid of him.  Corrupt FBI Director Comey laid a perjury trap to deceive Flynn into a lie and then coerced him with threats to charge his son with a crime unless the General made a guilty plea to a nonsense charge.  For the first time in history, the US National Security Adviser was not supposed to talk to a Russian.  Tell that to Brzezinski and Kissinger. 

General Flynn should reply to Chase by saying that he is much relieved to no longer be associated with a collection of gangsters who recently had to pay a $920,000,000 fine for manipulating the precious metals and US Treasury markets. Chase is so unable to abide by the law that it has paid $35,700,000,000 in fines.

The banks have the justice system (sic) rigged so that they only pay fines.  Nevertheless, the fines paid by Chase indicate it is association with Chase, not with General Flynn, that is a “repetitional risk.”

Compared to the bad reputation of Jamie Dimon, the CEO and Chairman of Chase Bank, General Flynn’s reputation, despite the sordid efforts of the New York Times and Stephen Halper, is sterling.  People want to know why Jamie Dimon is immune from prosecution.   Harvard Law School reports that in 2013 Jamie Dimon paid $13,000,000,000 to buy Chase’s way out of a Justice Department array of criminal and civil charges. 

General Flynn didn’t have $13 billion to pay off FBI Director Comey.

What does the Chase Bank’s action against Flynn really mean.  Nothing reassuring.

It means that the financial sector has been totally politicized and is part of the deep state’s agents used to make it clear to all that anyone who goes against the elite’s agendas will be ruined.  Normally, a four-star general and former Director of the Defense Intelligence Agency would be collecting fat director’s fees from Chase Bank and from armaments companies and defense contractors. But not Flynn.  Flynn’s fate tells all players in the system that truth is a career-killer and to stay far away from it.

FBI Director Comey and CIA Director Brennan and a slew of Obama Justice (sic) Department officials committed felonies in the Russiagate scandal that they orchestrated.  But none have been held accountable.  The Durham Report has never seen the light of day and never will.

There is no such thing as an honest banker anymore.  I knew the last one. George Champion, CEO and Chairman of the Board of Chase Manhattan was the last straight shooter.  He always put the country’s interest before the bank’s interest. He opposed national banking.  He said the big banks would use their local branches to suck all the deposits out of communities and use them for their own speculations, thus killing financing for local businesses.  Jamie Dimon doesn’t measure up to George Champion’s ankle.  George Champion wouldn’t let  David Rockefeller, Chase’s president, lend the bank’s money to South American countries as part of World Bank/IMF plots to indebt  the countries, force default, and plunder their assets.  Of course, today an honest man like George Champion could not possibly become head of a major bank.

It is not only the banks through which the government operates its secret agendas, but also the corporate world in general.  Consider the money-making Covid vaccination scheme.  Biden is using corporations to mandate vaccination on their employees despite its strict illegality and despite the inefficiency and danger of the vaccine.  Biden and the corporations simply don’t care.  What we are experiencing in the US is the formation of a fascist state in which government and business negate democracy and impose their agendas. 


Hon. Paul Craig Roberts is the John M. Olin Fellow at the Institute for Political Economy, Senior Research Fellow at the Hoover Institution, Stanford University, and Research Fellow at the Independent Institute. A former editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service, he is a nationally syndicated columnist for Creators Syndicate in Los Angeles and a columnist for Investor's Business Daily. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists.

He was Distinguished Fellow at the Cato Institute from 1993 to 1996. From 1982 through 1993, he held the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies. During 1981-82 he served as Assistant Secretary of the Treasury for Economic Policy. President Reagan and Treasury Secretary Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "his outstanding contributions to the formulation of United States economic policy." From 1975 to 1978, Dr. Roberts served on the congressional staff where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy.

In 1987 the French government recognized him as "the artisan of a renewal in economic science and policy after half a century of state interventionism" and inducted him into the Legion of Honor.

Dr. Roberts' latest books are The Tyranny of Good Intentions, co-authored with IPE Fellow Lawrence Stratton, and published by Prima Publishing in May 2000, and Chile: Two Visions - The Allende-Pinochet Era, co-authored with IPE Fellow Karen Araujo, and published in Spanish by Universidad Nacional Andres Bello in Santiago, Chile, in November 2000. The Capitalist Revolution in Latin America, co-authored with IPE Fellow Karen LaFollette Araujo, was published by Oxford University Press in 1997. A Spanish language edition was published by Oxford in 1999. The New Colorline: How Quotas and Privilege Destroy Democracy, co-authored with Lawrence Stratton, was published by Regnery in 1995. A paperback edition was published in 1997. Meltdown: Inside the Soviet Economy, co-authored with Karen LaFollette, was published by the Cato Institute in 1990. Harvard University Press published his book, The Supply-Side Revolution, in 1984. Widely reviewed and favorably received, the book was praised by Forbes as "a timely masterpiece that will have real impact on economic thinking in the years ahead." Dr. Roberts is the author of Alienation and the Soviet Economy, published in 1971 and republished in 1990. He is the author of Marx's Theory of Exchange, Alienation and Crisis, published in 1973 and republished in 1983. A Spanish language edition was published in 1974.

Dr. Roberts has held numerous academic appointments. He has contributed chapters to numerous books and has published many articles in journals of scholarship, including the Journal of Political Economy, Oxford Economic Papers, Journal of Law and Economics, Studies in Banking and Finance, Journal of Monetary Economics, Public Finance Quarterly, Public Choice, Classica et Mediaevalia, Ethics, Slavic Review, Soviet Studies, Rivista de Political Economica, and Zeitschrift fur Wirtschafspolitik. He has entries in the McGraw-Hill Encyclopedia of Economics and the New Palgrave Dictionary of Money and Finance. He has contributed to Commentary, The Public Interest, The National Interest, Harper's, the New York Times, The Washington Post, The Los Angeles Times, Fortune, London Times, The Financial Times, TLS, The Spectator, Il Sole 24 Ore, Le Figaro, Liberation, and the Nihon Keizai Shimbun. He has testified before committees of Congress on 30 occasions.

Dr. Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University where he was a member of Merton College.

He is listed in Who's Who in America, Who's Who in the World, The Dictionary of International Biography, Outstanding People of the Twentieth Century, and 1000 Leaders of World Influence. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He can be reached at: [email protected]


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