US and Europe Conceal Their Bankruptcy with Hostility to Russia

Tuesday, November 18, 2014
By Paul Martin

The real threat to the world is economic collapse and poverty.

Without any solutions and in fact only exacerbating these problems, the US and European leaders are hiding behind a false agenda of non-issues, such as security, and in particular alleged «Russian aggression».

by Finian Cunningham
Strategic-Culture.org
18.11.2014

US President Obama was joined by European leaders last weekend in trying to turn the G20 summit in Australia into a forum for baiting Russia, rather than dealing with the more onerous problem of a failing world economy.

The annual meetings of the world’s top economies are by definition supposed to be aimed at addressing problems in the global economy. And those problems are increasingly onerous, with poverty in North America and Europe reaching record levels. Recent data from the EU, put the level of poverty in the bloc at an all-time high of some 122 million people – affecting around one-in-four citizens.

Similar plummeting social conditions are haunting the United States, where economic recovery is anaemic at best despite official government statistics claiming that unemployment there is declining. As American commentator Paul Craig Roberts points out the official jobless figures in the US are meaningless when millions of long-term unemployed workers are excluded from the records.

Worldwide, the economic outlook is grim, according to even the pro-Western International Monetary Fund’s latest assessment.

So, you would think that top of the agenda for the G20 summit last weekend should be how governments are coordinating recovery efforts to get people back into work, relaunch economies with massive public investment, boost social welfare to mitigate rising poverty, and rebalance the explosion of inequality between capital and labour.

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