[go: up one dir, main page]

The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 
Topics Filter?
2020 Election 2024 Election Afghanistan American Media American Military Anti-Vaxx Censorship China Civil Liberties Conspiracy Theories Constitutional Theory Covid Disease Donald Trump Economics Federal Reserve Foreign Policy Gaza Government Debt Government Spending Government Surveillance Gun Control History Ideology Immigration Inflation Iran Iraq Iraq War ISIS Israel/Palestine Joe Biden Judicial System NATO Neocons Political Correctness Public Schools Republican Party Russia Saudi Arabia Syria Taxes Terrorism Twitter Ukraine Venezuela Yemen 2014 Election 2016 Election 2022 Election 9/11 Abortion Academia Adam Schiff Africa American Debt American Empire Anthony Fauci Anti-Vaccination Antifa Antitrust Assassinations Banking Industry Banking System Ben Bernanke Benghazi Benjamin Netanyahu Bernie Sanders Bitcoin Black Lives Matter Blacks Brexit BRICs Britain Campaign Finance Canada Charlie Hebdo Charlie Kirk Charlottesville China/America Christmas CIA Civil Rights COINTELPRO Congress Conservative Movement Constitution Consumer Debt Critical Race Theory Cuba Culture/Society Cyprus Death Penalty Deep State Defense Budget Deficits Democratic Party Department Of Education Deregulation Discrimination Dollar Draft Drones Drug Cartels Drug Laws Drugs Duterte Ebola Education Elon Musk Energy Environment Ethnic Cleansing EU Europe European Right Ex-Im Bank Facebook Fake News Fascism FBI FEMA Ferguson Shooting Financial Crisis First Amendment FISA Floyd Riots 2020 Foreign Aid France Free Market Free Speech Free Trade Freedom Of Speech Freedom Ftc George Floyd George Soros Global Warming Gold Government Shutdown Greece Guns Hamas Health Care Healthcare Hillary Clinton Homeland Security Homes Housing Houthis Hunter Biden Illegal Immigration IMF Impeachment Imperial Presidency Income Tax Iran Nuclear Agreement IRS Islam Israel Israel Lobby Italy JD Vance Jerome Powell John Bolton Julian Assange Kamala Harris Kazakhstan Khashoggi Kurds Libertarianism Libertarians Libya MAGA Malaysian Airlines MH17 Mali Marco Rubio Maria Butina Marijuana Mass Shootings Matt Gaetz Medicare For All Mental Health Michael Flynn Middle East Mike Johnson Mike Pompeo Military Spending Minimum Wage Mitch McConnell Monopoly Nancy Pelosi National Debt Nicolas Maduro Niger North Korea NSA Surveillance Nuclear War Obamacare Oil Industry Orlando Shooting Palantir Pardons Paris Attacks Patriot Act Pete Hegseth Philippines Police State Poverty Privatization Protectionism Qassem Soleimani Racism Rand Paul Red Sea Republicans Robert F. Kennedy Jr. Roe Vs. Wade Russiagate Science Scotland Secession Shimon Peres Social Media Socialism Steve Bannon Student Loans Supreme Court Switzerland Taiwan Taliban Tariff Tariffs Tax Cuts Taxation Tea Party Terrorists Texas The Middle East TikTok Tony Blair Torture Transgender Tucker Carlson Turkey Unemployment US Capitol Storming 2021 USAID Vaccination Vaccines Vat Victoria Nuland Vietnam War Vladimir Putin Volodymyr Zelensky Vote Fraud Vouchers Wall Street War Crimes Wikileaks World Economic Forum World War I World War III
Nothing found
Sources Filter?
 TeasersRon Paul Blogview

Bookmark Toggle AllToCAdd to LibraryRemove from Library • B
Show CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter

It did not take long for President Trump to change the reason for sending the US military to “arrest” Venezuela President Nicolás Maduro and his wife. The allegation that President Maduro ran a drug cartel was front and center in the months leading up to President Maduro’s “arrest.” Afterwards, President Trump said the invasion was about Venezuela’s oil and announced plans for the US government to send American oil companies into Venezuela.

About a week after the invasion, President Trump had a meeting with executives from American oil companies to discuss plans for Venezuela. Some of the companies’ executives at the meeting were less than enthusiastic about developing Venezuelan oil. One reason for this is that, since the Venezuelan government nationalized oil activities twenty years ago, fracking has made the US the world’s leading producer of oil and natural gas. Rebuilding the oil industry in Venezuela could cost as much as a billion dollars for an uncertain payoff. Among the complications, Venezuelan oil does not easily flow though pipelines unless it is cut with solvents, making it more expensive to transport.

In his first press conference after the Venezuelan first couple was seized, President Trump said: “We are going to run the country until such time as we can do a safe, proper, and judicious transition.” He later stated that Maduro’s successor Vice President Delcy Rodriguez would “pay a very big price, probably bigger than Maduro,” if she does not adequately fulfill the US government’s demands.

Following the invasion of Venezuela, there have been suggestions that President Trump will direct the US military to invade other countries as well. For example, Secretary of State and National Security Advisor Marco Rubio said, “if I lived in Havana and I was in the government, I’d be concerned.”

To no one’ s surprise, Senator Lindsey Graham was delighted by the possibility that Venezuela was just the first of many regime change wars President Trump will wage. Senator Graham even got President Trump to autograph a Make Iran Great Again hat. Many Iranian victims of the Shah of Iran’s secret police might disagree with Senator Graham on whether having the CIA install another puppet government in Iran will make that country great.

President Trump’s newfound love of regime change wars may be one reason why he is seeking to increase the military budget to 1.5 trillion dollars. President Trump claims that tariff revenue can fund the increase, but that is simply not possible. The majority of the increase in spending would come from other taxes, including the Federal Reserve’s regressive and hidden inflation tax.

A recent poll by the Pew Research Center found that there is much less support for an “activist” US foreign policy among Americans under 50 than among older Americans. This is the case among both Democrats and Republicans. In fact, the differing view on foreign policy among younger people was a major factor behind President Trump’s support from younger people in 2024. Continued betrayal by President Trump of his no more regime change wars pledge will cause the president and the Republicans to lose support among younger voters.

 

As was the case the morning after “Shock and Awe” signaled the start of the Iraq war, many are cheering the US military raid on Venezuela and capture of its president, Nicolas Maduro. Overwhelming US military power – and likely some bribed Venezuelan officials – ensured that the operation was swift and dramatic.

This was not a war, we were told. It was just a surgical operation to remove a criminal dictator and restore democracy to the country. American oil companies would soon get even richer exploiting the country’s vast oil reserves. This time it will be different!

If all of this sounds familiar that’s because it is the same narrative used each time the US has launched a “regime change” operation this century.

The Iraq war would be a “cake walk,” they swore. Skeptics were ridiculed. The staged demolition of the Saddam Hussein statue in Baghdad marked the triumph of that short US military operation.

The “liberation” of Iraq was to be the first domino in the coming revolution throughout the Middle East, we were promised. Just weeks into the operation, then-President George W. Bush landed on an aircraft carrier with a huge “Mission Accomplished” banner behind him.

Then everything fell apart. The US could not “run” Iraq. It could only use brutal force – and torture – to give the impression that we would soon turn the corner. Victory was at hand. Just send more troops and spend a little more money.

But none of it did the trick. None of it worked.

In the end, the US sunk trillions into the failed “nation-building” operation in Iraq and upwards of a million people died including thousands of US troops.

And here we go again.

Despite being elected on promises of “no new wars” and “no nation-building,” President Trump used military force against Venezuela, kidnapped the country’s president, and declared that “we” would be running the country from now on.

After the operation in Venezuela, President Trump took a “Mission Accomplished” victory lap of his own in a press conference where he declared that US oil companies would return to Venezuela under US protection and that we would “run” Venezuela for the time being.

“The oil companies are going to spend money… we are going to get reimbursed,” he said.

But there’s more to come.

President Trump’s Venezuela raid and kidnapping occurred just as Israeli prime minister Netanyahu was departing the country. According to press reports, Netanyahu was in town to persuade President Trump to send the US military back into Iran. Israeli officials have openly stated that the US operation in Venezuela is the warm-up for the next round of US “regime change” – in Iran.

Warmongering US Senator Lindsey Graham has taken to the television news programs to urge President Trump to continue on to Cuba and then Iran. President Trump seemed to agree, stating that, “we have to do it again. We can do it again, too. Nobody can stop us.”

Venezuela was just another neocon operation. First comes propaganda demonizing the country and its leadership. Then comes saber-rattling and threats of war. The operation is launched and the “objectives” are quickly reached. Or so they claim. But then it all falls apart. We become poorer as the special interests get richer. And those we claim to be liberating suffer worse than under the previous regime.

Will we ever learn?

 

President Trump recently signed an executive order changing marijuana’s Controlled Substances Act classification from Schedule I to Schedule III. Schedule I is supposed to include especially dangerous drugs that are likely to be abused and have no medical purpose. Whatever one thinks of the wisdom and morality of using marijuana, the fact is it is less addictive, and quite possibly safer, than alcohol. Many Americans who live in one of the 40 states that have legalized medicinal marijuana use it for a variety of ailments.

Reclassifying marijuana does not repeal federal laws criminalizing its use. The reclassifying does, though, facilitate research into marijuana’s medical benefits. It also enables marijuana businesses that are legal under state laws to take ordinary deductions on their taxes. While President Trump’s executive order is a step forward, those who support advancing liberty must continue to press for repeal of all federal drug laws.

The Constitution does not give the federal government any authority to outlaw marijuana or any other “illicit” substance. At least supporters of alcohol prohibition understood that a constitutional amendment was needed to impose a national ban on alcohol. The war on drugs has been a primary excuse for violations of liberties including unconstitutional searches and seizures, “no-knock raids,” bank reports to the federal government on those making large cash deposits, and draconian mandatory minimum sentences. The drug war has also been used to justify foreign interventions — such as President Trump’s current actions against Venezuela.

Defenders of the drug war say it is necessary because the drug trade is controlled by violent criminals — even though this is the inevitable result of outlawing a product people wish to consume. The most important reason to end the drug war is that government has no moral right to stop adults from engaging in a peaceful (even if unwise) behavior like smoking marijuana. Laws prohibiting drug use have no place in a free society. These laws are rooted in the idea that our rights are merely gifts from the government conditioned on our “good “behavior. A government that can stop people from smoking marijuana is a government that can also mandate what vaccines we receive and how our children are educated.

Of course, in a free society, an individual who uses drugs would be responsible for the consequences of his choices, and those who oppose drug use could exercise their right to try to persuade others to abstain from drug use.

When I campaigned to return to Congress in 1996, both Republicans (in the primary) and Democrats (in the general election) focused on attacking my position on drugs. In response, I explained that the federal government has no authority to outlaw drugs and that the police state being built to stop drug use threatens all our liberty. The responsibility for combatting drug use belongs elsewhere, such as with churches and family members. I summed up my position as not pro-drug, but pro-liberty. In the end, I won that race. The people have been ahead of politicians in understanding the folly of the drug war.

All of us who value liberty must oppose the drug war. We should speak out for replacing various mandates and punishments of the drug war with increased respect for individual rights. We should also be steadfast that the end goal be a complete ending of the federal government’s drug prohibition.

 
• Category: Ideology • Tags: Donald Trump, Drug Laws, Marijuana 

Late last week, Congress passed and President Trump signed the 2026 National Defense Authorization Act (NDAA). The bill marks the first time the US military budget officially passed the one trillion dollar mark. Of course, when you add in other military-related spending such as interest on the debt, veterans’ affairs, and military components of other government agencies, the true number is at least one and a half times that amount.

To paraphrase the famous 1953 President Eisenhower speech, “The Chance for Peace,” each of these dollars spent on military offense and the maintenance of the US global empire rather than on defense of our own nation is taken from the mouths of the hungry and off the backs of hardworking American families.

Congress is so addicted to military spending that they appropriated even more money than President Trump requested, including an unconscionable $800 million for thoroughly corrupt Ukraine. Will Washington ever be called to answer for why Americans, who are seeing their standard of living eaten away by inflation and a declining economy, should continue to subsidize a criminal regime overseas whose ruling class enjoys the comfort of golden toilets?

The Ukraine money also undermines President Trump’s claim to be a neutral mediator in the conflict. How can you be a peacemaker when you are sending nearly a billion dollars in weapons to one side to help kill the other side? It makes no sense.

Congress even included measures in the bill that would prevent President Trump from bringing any US troops home from real “forever wars” in Korea and Europe. For how many more decades must the American worker continue to subsidize a US military presence in countries completely unrelated to our own security? World War II ended 80 years ago and the Korean war some ten years later. Yet the American military empire remains, at an incalculable cost to Americans.

Some fellow critics will say this is all about welfare for rich countries overseas, and that’s partly right. But more than that, it is welfare for the politically-connected US military-industrial complex at home. Imagine how many retired US military officers and former US officials-turned-lobbyists might be financially inconvenienced if we finally “just marched home”?

This week Western Christians will celebrate the coming of the Prince of Peace, with the Orthodox celebrating a few days later. It is disheartening that so many Americans who call themselves Christians also hold fast to a view that we must bankrupt our country and impoverish our people by playing policeman to the world and arbiter of whose regime must be changed by Washington.

Christians are among the biggest victims in these overseas operations, including in Syria, Lebanon, and Gaza. Yet many American Christians turn a blind eye to the suffering and misery produced by neocon-led militarism overseas. They don’t care that unquestioning support for Israel, for example, has nearly erased Christianity from where it was born.

Imagine if Jesus were born in the Holy Land today.

“Blessed are the peacemakers: for they shall be called the children of God.” That is the message of the Savior whose birth we Christians celebrate this week. Continuing to bankrupt our country and export misery overseas in the futile pursuit of a global military empire places us in opposition to this worthwhile advice. Let us all join together and work for a real peace in the New Year!

 
• Category: Foreign Policy • Tags: American Military, Donald Trump, Ukraine 

Unless President Trump reverses course, the “Lower Prices Bigger Paychecks” banner that hung behind him at his “affordability” speech this month will be remembered as being to economic policy what President George W. Bush’s “Mission Accomplished” banner was to foreign policy.

According to a Politico poll, many Americans are having difficulty paying for food, housing, transportation, and health care. Thirty-seven percent of Americans cannot afford to take their family to a professional sports event while 46 percent of Americans cannot afford airfare for a vacation.

For an increasing number of Americans, the affordability crisis is compounded by the firing crisis. Last month, approximately 120,000 small business workers lost their jobs — the highest one month decline in small business employment since the covid lockdowns. Large businesses including Amazon, Verizon, Target, and Apple are also laying off workers.

The affordability crisis began in 1971 when President Nixon severed the last link between the US dollar and gold. This removed any restraint on the Federal Reserve’s ability to pump money into the economy, leading to a continuous dollar devaluation. The decline in the dollar’s purchasing power is the real cause of the rise in prices and decline in living standards.

Fiat currency may be bad for the average American, but it is great for the welfare-warfare state and the special interests that benefit from it. This is because the fiat money system enables the Federal Reserve to monetize high levels of government debt via purchases of Treasury securities, thus making possible the explosion in government spending and power we have experienced the past fifty years. The fiat money system is also responsible for the bubble-boom-bust economy that has plagued America.

President Trump promised to reduce federal spending and end “Bidenflation.” Instead of keeping his promise, President Trump, with the help of the Republican Congress, increased spending. As a result, the federal debt is now over 38 trillion dollars and will soon exceed 39 trillion dollars.

Much of President Trump’s spending increases are on so-called “defense.” Most of this spending goes to “defending” other countries and meddling in conflicts in which the US should not be involved. Spending on militarism will no doubt increase further as President Trump prepares to launch an unconstitutional war against Venezuela. These bad policies are a betrayal of President Trump’s promise to avoid starting new wars, put an end to ongoing wars, and pursue a foreign policy that puts the American people’s needs ahead of the demands of the military-industrial complex, the deep state, and their lapdogs in Congress, the media, and the “policy community.”

President Trump still has time to regain the support of disgruntled MAGA voters who are wondering what happened to the man for whom they voted. A good first step would be for President Trump to oppose the massive National Defense Authorization Act (NDAA) currently before Congress unless it cuts spending by taking pro-peace actions such as closing some of the about 750 military bases the US maintains around the world. Savings from closing these bases can be used to start paying down government debt and take care of those dependent on government programs as Congress winds down the welfare state. Additionally, President Trump should support legislation forbidding the Federal Reserve from purchasing federal debt instruments. He should also support auditing and ending the Fed. Limited government, free markets, sound money, and peace are the way to make America great again.

 

Last week the Pentagon, under “War Secretary” Pete Hegseth, carried out yet another military attack on a boat in the high seas that the Administration claims is smuggling drugs. That makes 23 boats blown up by the US military in the waters off Latin America – most near Venezuela – and nearly 100 persons killed.

To date the US government has provided no evidence to back up its claim that these boats are smuggling fentanyl and other dangerous drugs into the United States. The US Drug Enforcement Administration has reported that Venezuela neither manufactures nor transports fentanyl to the US. In fact, the DEA still concludes that Venezuela is barely a minor player in the drug game.

Is this really about drugs? Or is it about “regime change” for Venezuela?

When Adm. Alvin Holsey, the commander of US Southern Command, raised concerns about the legality of bombing boats on the high seas and extrajudicial killing, he was pushed out by Hegseth. His concerns were ignored.

When lawyers at the National Security Council, Pentagon, and Justice Department raised objections to the boat attacks they were reassigned or fired, according to press reports. Finally, President Trump’s own appointed lawyers at the Justice Department came up with a justification for killings. But it’s classified.

Last week the media reported on an incident from September where two survivors of the US strike were left clinging to the wreckage of their boat when the orders came to kill them too. It was clearly an illegal order, even according to the Pentagon’s own Laws of War manual.

Many Americans will not want to hear this, but this entire operation is illegal and immoral – from blowing up survivors to blowing up the boats in the first place. There is no legal justification to use military force against boats on the high sea that pose no imminent military threat to the United States.

Many supporters of this policy argue that the killings are “self-defense” because “narco-terrorists” are using narcotics as weapons against the American people. That is certainly what the Administration is claiming, having invented “narco-terrorist” as a new term to justify the killings.

Sadly, this shows how effective government war propaganda still is. It was used when both Republican and Democratic Administrations wanted to launch wars against Saddam Hussein, against Gaddafi, against Assad, and so on. New slogans are invented and a good deal of the public happily adopts them as their own. Anyone who challenges the new slogans is deemed unpatriotic or weak. When the war goes badly they pretend they were never fooled by government lies. Then it happens again and they repeat the new war slogans.

The “war on drugs” was launched by President Nixon a half century ago. It is obviously another failed government policy. Raising the stakes in a failed war is foolish and counterproductive. The solution to smuggling during alcohol prohibition was not to start bombing the bootleggers. It was to come to terms with basic economics: you cannot kill demand by killing supply.

More Americans die each year from alcohol use than from fentanyl use. Will strikes soon be launched against “alco-terrorists” who are killing Americans? Of course not…we hope. That is the danger of throwing away the laws of war: anything can happen next.

Congress has the authority to stop Secretary Hegseth from killing people on the high seas. It should do so without delay.

 

The government shutdown “proved an argument that conservatives have been making for 45 years: The U.S. Department of Education is mostly a pass-through for funds that are best managed by the states.” The most significant thing about this statement in a November 16 USA Today editorial is not its substance. As the editorial’s author points out, the argument presented is not new.

The most significant thing about the statement is that its author is Education Secretary Linda McMahon. Unlike many in DC, Secretary McMahon backs up her words with action. She is dismantling the Department of Education, fulfilling one of President Trump’s campaign promises.

Since President Trump and Secretary McMahon cannot close the department absent authorizing legislation — legislation that appears unlikely to pass in the current Congress, Secretary McMahon is gutting the department by transferring responsibility for most of its functions to other parts of the government. Secretary McMahon has moved to the Labor Department the Office of Elementary and Secondary Education, which administers 27 K-12 grant programs, and the office of Postsecondary Education, which administers 14 programs aimed at helping college students, as well as several other programs. The Interior Department will manage the Indian education program, while the State Department will manage the federal foreign language education program. The Department of Education will, for the time being, ensure schools are complying with federal civil rights laws.

Spreading education programs among several different departments may reduce spending. For example, it could spur Congress to stop wasting millions of dollars a year on public relations for the Education Department. However, it does not necessarily reduce federal involvement in education. Therefore, those of us committed to restoring control over education to local communities must continue to advocate for eliminating all federal education programs. The billions spent by the federal government on “improving” education have had the opposite effect. According to the National Assessment of Educational Progress, 72 percent of American eighth graders are below proficient in math and 70 percent are below proficient in reading.

America’s education system cannot be fixed by another No Child Left Behind style reform imposed on local schools by federal politicians and bureaucrats. Instead, the only way to “fix” American education is to restore control to local communities, school boards, and — most of all — parents.

This is why all who care about quality education should celebrate the continued growth of homeschooling. According to Angela R. Watson of the Institute for Education Policy at Johns Hopkins University, homeschooling in the 2024-25 school year “continued to grow across the United States, increasing at an average rate of 5.4 percent.”

Parents looking for a homeschooling curriculum incorporating the ideas of liberty should consider my online curriculum. My curriculum provides students with a solid education in history, literature, mathematics, and the sciences. It also gives students the opportunity to create their own websites and internet-based businesses. This provides students with “real world” entrepreneurial experience that will be useful no matter what career paths they choose.

The curriculum is designed to be self-taught, with students helping, and learning from, each other via online forums. Starting in the fourth grade, students are required to write at least one essay a week. Students also take a course in public speaking.

The curriculum emphasizes the history, philosophy, and economics of liberty, but it never substitutes indoctrination for education. The goal is to produce students with superior critical thinking skills. If you think my curriculum may meet the needs of your child, please visit www.RonPaulCurriculum.com for more information.

 
• Category: Ideology • Tags: Public Schools 

Donald Trump’s victory in the 2024 presidential election was due in large part to his promises to pursue an America First foreign policy and rein in inflation. One year later, prices remain high, and President Trump is more focused on overseas meddling than on the American people. This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on “affordability.”

Since the election, President Trump has made a number of proposals to ease the burden of high prices. One of the president’s proposals is changing federal housing regulations to encourage lenders to offer 50-year mortgages. Though a 50-year mortgage in comparison to a 30-year mortgage could reduce monthly mortgage payments by over a hundred dollars for a median price home, it could also roughly double interest payments made over the life of the mortgage. So, while the longer mortgage may provide a short-term benefit, in the long run it is a losing proposition for potential homeowners.

President Trump also proposed using the revenue from his tariffs to give most Americans at least 2,000 dollars. This may provide some help for struggling Americans, but it does not compensate for the damage inflicted on the American economy by the tariffs.

President Trump has also announced plans to reduce tariffs on some countries in regard to coffee, bananas, and other agricultural products. This reduction in the tariffs has come with an admission from the Trump administration that the high tariffs have led to increased prices and thus harmed Americans. Hopefully, President Trump will provide more relief from his tariffs, including relief aimed at helping American manufacturers who rely on imports for raw materials and tools.

While Democrats talk about “affordability,” most are unwilling to support the free-market policies that produce abundance and affordability. Instead, they want more government interventions in the marketplace — even though history shows government interventions cause price increases and shortages. For example, New York City Mayor-elect Mamdani thinks the way to address housing costs in New York City is through new price controls on rent. He does not seem to understand that a reason housing costs are so high in New York City is because of the city’s existing rent control law.

Another example is congressional Democrats’ “solution” to the large increases in Obamacare premiums being to extend the 2021 “temporary” Obamacare subsidies enacted as part of covid relief legislation. Unfortunately, the Republican alternative appears to be to just send Americans money to use to pay medical costs.

Politicians with both parties ignore the real cause of price inflation: the Federal Reserve. When the Federal Reserve increases the money supply, it reduces the dollar’s value, thus increasing the average American’s cost of living. A major reason the Fed devalues the dollar is to monetize the ever-increasing federal debt by purchasing Treasury securities. Therefore, an important action the president and Congress could take to make America affordable again would be to reduce federal spending and start paying down the over 38 trillion dollars debt. Congress should also pass legislation forbidding the Federal Reserve from purchasing federal debt.

Congress should also pass the Audit the Fed bill, legislation exempting precious metals and cryptocurrencies from capital gains taxes, and a repeal of any other laws that prevent Americans from using alternative currencies. Auditing and ending the Federal Reserve is the true affordability agenda.

 
• Category: Economics, Ideology • Tags: Donald Trump, Federal Reserve, Housing 

I recall when then-President Barack Obama was planning to send troops to enforce his “Assad must go” policy in Syria, many Republican US Senators passionately argued that the US President must come to Congress for approval before sending US troops into combat overseas. At the time, they portrayed themselves as brave defenders of the US Constitution.

Last week, when the Senate held a vote to remind President Trump that he is required to seek approval from the Legislative Branch before launching an attack on Venezuela, only two Republican Senators stood up to defend the Constitution. Why? Perhaps because a Republican President was now in office.

According to Politico, war-enthusiast Senator Lindsey Graham went so far as to say that Congress can’t “substitute our judgment” for the president’s when it comes to the decision to attack Venezuela.

The Senator needs a refresher course in high school civics. The US Constitution requires Congress, as the branch most directly accountable to the people, to substitute its judgement for the president’s when it comes to warmaking!

We fought a war against George III to negate the ability of a king to take the people to war on his whim. Now, Congress scrambles to abrogate that hard-fought achievement in the name of political expediency.

While the DC foreign policy blob – made up of both parties – is always pro-war, with each election we get a charade that one party or the other is standing up for the Constitution by challenging a president of the other party on war powers.

Why not stand up for the Constitution regardless of who the President may be?

The truth is, these days most Members of the House and Senate hold their heads down, follow their leadership, and enjoy that 97 percent incumbency reelection rate. After all, making waves by standing up for the Constitution can cost you your seat. You might even find yourself in a position where a President from your own party raises millions of dollars to try and get you ousted.

In an excellent recent essay in The American Conservative, George O’Neill Jr. recounts the current round of pro-war lies being bandied about to gin up support for a war on Venezuela. There are “narco-terrorists” threatening the US! Hezbollah is training in the Venezuelan jungles! Maduro is in league with Hamas!

We’ve heard it all before. The sinking of the USS Maine. The “domino theory.” Babies ripped from Kuwaiti incubators by Saddam’s stormtroopers. WMDs. Assad’s gas attacks. And so on.

All lies, and as O’Neill writes, the interventions they spawned have all turned out to be devastating, expensive failures. We’ve gone from six trillion dollars in debt at the beginning of the war on terror to 38 trillion dollars today. The global US military empire cannot continue if we want to keep our country.

Benjamin Franklin famously said “a republic if you can keep it” when asked what kind of government the Framers of our Constitution had created. But the Republic cannot be held together by magic or good luck. “If you can keep it,” means representation by men and women of good moral character who put the interests of their constituents and their country before their political party or the President. And it requires a population willing to stand up to propaganda and politics to elect such good people and hold them to account.

 

According to data collected by the research firm Statista, 29 percent of Americans cannot afford to take a vacation this year. A vacation is not the only thing Americans are struggling to afford. The failure of wages to keep up with price inflation is why household debt hit a record level of 18.4 trillion dollars this year, with the average household owing more than 100,000 dollars.

The Federal Reserve is responsible for the decline in American living standards and the rise in income inequality. The turning point in the people’s economic fortunes was on August 15, 1971. That is when then-President Richard Nixon closed the “gold window,” severing the last link between the dollar and gold. This left America with a purely fiat currency and no restraint on the Federal Reserve’s ability to create money.

When the Federal Reserve pumps money into the economy the new money is not equally distributed. It first goes to wealthy and well-connected individuals. These individuals benefit from having increased purchasing power before the new money has caused price increases.

The Fed also contributes to economic instability and inequality by creating bubbles that distort the signals sent by the market. This causes over-investment in some sectors. When bubbles burst, workers employed in certain sectors lose their jobs, while those at top often suffer at most a modest setback. The government bails out the “too big to fail” corporations, but the government never considers workers and homeowners too big to fail.

The Federal Reserve facilitates the growth of the welfare-warfare state by purchasing Treasury bonds, thus monetizing federal debt. The majority of government spending is on programs benefiting powerful special interests. This includes in large part the military-industrial complex that gobbles up more money from the government each year.

The Federal Reserve’s continued devaluation of the dollar to finance an empire abroad and a welfare state at home is the driving force behind the erosion of the people’s living standards. As the dollar loses purchasing power, demand for government assistance increases, leading to more government spending, more debt monetization, and a further decline in living standards.

The fact that almost a third of Americans cannot afford a vacation illustrates how fiat money harms average Americans. Continued growth of federal debt and Fed-created inflation will lead to a major economic crisis. This will either induce or be caused by a rejection of the dollar’s world reserve currency status. The result will be a rise of demagogic authoritarians of both left and right and increased political violence, leading to an increase in government repression.

Those of us who know the truth must continue to explain that the solution to our problems is a vacation from the welfare-warfare state and the fiat money system that facilitates government growth at the expense of the people’s standards of living and liberty. Limited government, free markets, and peaceful relations and free trade with as many nations as possible are components of the path to lasting peace and prosperity.

 
• Category: Economics • Tags: Federal Reserve, Poverty