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 Afghanistan American Media American Military Anti-Vaxx Censorship China Civil Liberties Conspiracy Theories Constitutional Theory Covid Democratic Party Disease Donald Trump Economics Federal Reserve Foreign Policy Government Debt Government Spending Government Surveillance Gun Control History Ideology Immigration Inflation Iran Iraq Iraq War ISIS Joe Biden Judicial System Julian Assange NATO Neocons North Korea Political Correctness Public Schools Republican Party Russia Saudi Arabia Syria Taxes Terrorism Twitter Ukraine Wikileaks Yemen 2014 Election 2016 Election 2022 Election 2024 Election 9/11 Abortion Adam Schiff Africa American Debt American Empire Anthony Fauci Anti-Vaccination Antifa Antitrust Banking Industry Banking System Ben Bernanke Benghazi Bernie Sanders Bitcoin Black Lives Matter Blacks Brexit BRICs Britain Campaign Finance Canada Charlie Hebdo Charlottesville China/America CIA Civil Rights COINTELPRO Congress Conservative Movement Constitution Consumer Debt Critical Race Theory Cuba Culture/Society Cyprus Death Penalty Deep State Defense Budget Deficits Deregulation Discrimination Dollar Draft Drones Drug Cartels Drug Laws Drugs Duterte Ebola Education Elon Musk Energy Environment EU Europe European Right Ex-Im Bank Facebook Fake News Fascism FBI Ferguson Shooting Financial Crisis First Amendment FISA Floyd Riots 2020 Foreign Aid France Free Market Free Speech Free Trade Freedom Of Speech Freedom Ftc Gaza George Floyd George Soros Global Warming Gold Government Shutdown Greece Guns Hamas Health Care Healthcare Hillary Clinton Homeland Security Homes Houthis Hunter Biden Illegal Immigration IMF Impeachment Imperial Presidency Income Tax IRS Islam Israel Israel Lobby Israel/Palestine Italy John Bolton Kazakhstan Khashoggi Kurds Libertarianism Libertarians Libya Malaysian Airlines MH17 Mali Maria Butina Marijuana Mass Shootings Matt Gaetz Medicare For All Mental Health Michael Flynn Middle East Mike Pompeo Military Spending Minimum Wage Monopoly Nancy Pelosi National Debt Niger NSA Surveillance Nuclear War Obamacare Oil Industry Orlando Shooting Paris Attacks Patriot Act Philippines Police State Privatization 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 Tax Cuts Taxation Tea Party Terrorists Texas Tony Blair Torture Transgender Tucker Carlson Turkey Unemployment US Capitol Storming 2021 Vaccination Vaccines Vat Venezuela Victoria Nuland Vietnam War Vladimir Putin Vote Fraud Vouchers Wall Street War Crimes 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

This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!”

The heroes have saved the day!

Unfortunately, this latest sequel is as bad as the previous ones, as the American people are left with a massive $1.2 trillion dollar spending package to add to our already $34 trillion in debt. Military spending will, of course, be increased yet again, as the military-industrial complex demands more of our wealth to feed its ever-increasing appetite. And if this military spending increase is not enough, Congressional leadership is promising another huge supplemental bill to further fuel proxy wars in Ukraine and Gaza – with some money to provoke China as well.

Republicans like to talk a good game about reining in spending – especially during election season – but as we learned with this “compromise” and all previous “compromises, it’s all talk. At the end of all the dramatic warnings about shutting the government down, we are left with a Washington-style compromise, meaning the leadership of both parties gets to throw anything and everything they want into the massive bill. Because it is only presented to the rank and file at the last moment before “disaster,” none of the Members get a chance to even read it, much less shape it through amendments and debate.

The Republican House leadership promised the Members 72 hours to read any new bill before a vote, but they broke their promise without hesitation. Members would not have the chance to read the more than 1,000 page bill, which was worked out in secret behind closed doors

There is likely a reason that Congressional leaders did not want Members to get the chance to read the bill. As Rep. Thomas Massie discovered, buried in the bill is funding for 13 year old children to get help with gender transitioning without consent from their parents. He also pointed out that although nowhere was it in the authorization bill, just hours after the omnibus passes the Department of Justice announces the creation of a Federal “Red Flag” center to attack our Second Amendment rights.

Who knows how many more items like these – and far worse – are deeply buried in the “must-pass” spending bill. Keeping these items from the American people by secretly embedding them in “must pass” legislation increasingly looks like a feature, not a bug. No wonder Congress enjoys such a low approval rate among the American people.

In the end, the bill only passed the Republican-controlled House with the support of Democrats, fueling a growing rebellion against Speaker Johnson among House conservatives.

The media-celebrated “bipartisanship” is not all it’s cracked up to be. It means that both parties embrace policies that are leading to our financial bankruptcy. This further threatens the dollar as the world’s reserve currency and will result in catastrophic changes worldwide that nearly no one in Congress seems capable of imagining. Republicans capitulating to Democrat demands to “save us” from a government shutdown may temporarily keep the appearance that “this is fine,” but in the end they are making the coming crash all the worse.

 
• Category: Economics, Ideology • Tags: Government Spending 

President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting fewer chips, cookies, or whatever other product has been affected by shrinkflation.

President Biden called on Congress to pass legislation, sponsored by so-called moderate Senator Bob Casey of Pennsylvania, to crack down on companies that reduce the amount of a good in a package. Biden and his congressional allies and media apologists think that this will stop shrinkflation. They think this because they believe shrinkflation is caused by corporate greed. In fact, shrinkflation is a rational response to increased prices caused by the Federal Reserve’s dollar depreciation.

Businesses reduce the amount of a product sold as a means to cope with rising prices of materials needed to make their products without directly raising the price paid by consumers. Unless greed is the only human emotion that fluctuates with the Federal Reserve’s policies, the fact that shrinkflation only occurs when Federal Reserve policies cause major price inflation should show anyone willing to think logically about these issues that the Fed, not greedy businesses, causes shrinkflation.

Making shrinkflation a federal crime would force more businesses to increase their prices. This would give the American people a more accurate picture of how the Federal Reserve’s price inflation is affecting their standard of living. Shrinkflation is impossible to quantify. Shrinkflation’s existence indicates that the impact of inflation is well above the Consumer Price Index’s report of a 3.2 percent increase in prices over the past year. The Federal Reserve’s interest rates increases have not been as effective in fighting price inflation as the government’s manipulated statistics make it appear.

If Biden wanted to stop inflation, he would start by reducing federal spending and paring down the over 35 trillion dollars national debt. These steps would allow the Federal Reserve to reduce its efforts to monetize the federal debt in order to keep borrowing costs low.

Disappointingly, but not surprisingly, President Biden’s proposed fiscal year 2025 budget fails to cut spending. It also proposes the government borrow nearly two trillion dollars a year for the next decade. While congressional Republicans have declared President Biden’s “big spending budget” dead on arrival, the fact is that, with few exceptions, Republicans are just as addicted to welfare-warfare spending as their Democratic counterparts. Therefore, instead of fighting for real and substantial reductions in spending, most Republicans are happy to pretend that getting Biden and the Democrats to agree to a one or two percent reduction in the rate of spending growth addresses the problem with excessive spending.

The movement to shrink government must continue to grow. To achieve this government shrinking goal, Congress must cut spending. Congress must also pass the Audit the Fed legislation and legalize competing currencies such as Bitcoin and precious metals. Congress should also pass legislation forcing the government to live within its means by forbidding the Federal Reserve from purchasing federal debt instruments.

 
• Category: Economics • Tags: Federal Reserve, Inflation 

Last week President Biden delivered a dark and angry speech meant to convince the low percentage of Americans who still feel positive about his presidency that everything is fine and will only get better if he is re-elected for a second term.

Unfortunately we have come a long way from the optimism of a Ronald Reagan, who won a second term partially on the popularity of his “Morning in America” campaign commercials. Reagan was far from a perfect president, but it was that sense of optimism in otherwise difficult times that resulted in a record re-election victory. Biden’s speech, by contrast, was dark and angry, attacking not only his political opponents but even seeming to threaten the Supreme Court!

As constitutional law professor Jonathan Turley observed recently, “In some ways, the State of the Union speech may have died when former Speaker Nancy Pelosi ripped up the address of former President Donald Trump… While many in the media celebrated her lack of decorum and respect, she tore up something far more important than a speech. She shredded decades of tradition of civility and any remaining residue of restraint in our politics.”

We seem to be becoming a nation that would rather scream at each other than listen to each other.

The message of Biden’s speech was that if you do not support the re-election of Joe Biden, you are an insurrectionist and hate America and democracy. Seven years after the launch of the “Russiagate” hoax against then-candidate Donald Trump, it becomes clearer that the line “our democracy” means it’s only democratic when their side gets elected.

It is understandable that Biden is so angry. Despite all the lying with statistics about the economy, Americans can clearly see for themselves how inflation is undermining the standard of living. Of course this is not all Biden’s fault – Republicans in control of the House show little interest in cutting spending – but people generally blame the president for the state of the economy.

We are no better off on foreign policy either. President Biden started his speech by comparing Russian President Vladimir Putin with Hitler, claiming that Putin is “on the march” in Europe just as Hitler was in 1941, and that just as in those days, if he is not stopped in Ukraine he will continue to rampage through the continent. It was blatant fearmongering, based on no evidence. In fact, as Putin told Tucker Carlson just weeks ago, he has no interest in taking the war beyond Ukraine. But Biden is determined to spend another $61 billion on the failed proxy war in Ukraine and he is willing to say whatever he feels necessary to get that money.

Biden also introduced a bizarre plan to build a temporary pier on the shores of Gaza so that the US could deliver aid to starving Palestinians. Considering the billions of dollars and tens of thousands of missiles we have shipped to Israel, wouldn’t it just be easier to inform the Israeli prime minister that we would either be delivering aid to Palestinians over land, or else?

In all, Biden’s final State of the Union before the election reveals a president and administration that is out of gas and out of ideas. It also reveals a country deep in bankruptcy – both moral and economic. It is high time for a nationwide movement toward liberty.

 
• Category: Economics • Tags: 2024 Election, Gaza, Joe Biden, Ukraine 

According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars. A recent survey by Clever Real Estate found that three in five Americans have credit card debt and that 23 percent of Americans increase their credit card debt every month. The survey also found that 48 percent of Americans (including 59 percent of millennials) use credit cards for essential living expenses.

The overreliance on credit cards and the accompanying increase in consumer debt are consequences of our fiat money system. Since Richard Nixon severed the last link between the dollar and gold in August of 1971, the dollar’s value has declined by 87 percent based on the government’s understated Consumer Price Index numbers. This means that even though Americans’ nominal wages have increased, their real wages have declined as their dollars buy less.

The continuing erosion of the dollar’s value makes it impossible for many Americans to accumulate meaningful savings. Those Americans who can save may actually lose money by doing so thanks to the Federal Reserve’s inflation tax that erodes the value of savings. This is why Congress has felt it necessary to provide tax incentives to encourage saving for things like retirement, education, and health care.

Congress could help protect Americans from the inflation tax by forbidding the Federal Reserve from purchasing government debt instruments such as Treasury securities. However, since this would end Congress’s ability to run up huge deficits, thus forcing it to pare back the welfare-warfare state, it is unlikely such legislation would pass.

The reliance of so many Americans on credit cards for basic necessities is one reason why many Americans are dissatisfied with the economy. The large amount of consumer debt is also a reason the Federal Reserve will not increase interest rates to anywhere near what they would be in a free market. The problem is compounded by the fact that investors and businesses have become addicted to near zero or at zero interest rates. The Fed’s relatively modest rate increases over the last couple years caused many “experts” to warn that the Fed was going to throw the economy into a recession. The Fed, though, has been able to claim recession has been avoided because the Fed kept the rates relatively low, and because government statistics are manipulated to understate the real rates of unemployment and inflation.

The Fed cannot indefinitely keep interest rates low without causing a dollar crisis. This will either be caused by, or result in, a rejection of the dollar’s world reserve currency status. At that point, interest rates will skyrocket and consumers and businesses that have been relying on debt to cope with the Fed’s dollar destruction will find the piper at their doors, demanding to be paid.

The economic crisis will be worsened by the moral crisis caused by the belief among too many Americans at all levels of society that they have a right to government-provided economic security at the expense of their fellow citizens. This will result in violence and the growth of authoritarian political movements.

The collapse of the fiat money system and the accompanying welfare-warfare state also provide an opportunity for those of us who understand the truth to build a society based around the principles of liberty. We must continue our efforts to reach a critical mass of people with the message of liberty while making plans to ensure our families can take care of themselves when the next crash occurs.

 

In a recent CNN interview, the normally very confident US Under Secretary of State Victoria Nuland sounded a little desperate. She was trying to make the case for Congress to pass another $61 billion dollars for the neocons’ proxy war project in Ukraine and she was throwing out the old slogans that the neocons use when they want funding for their latest war.

Asked by CNN whether she believes that Congress will eventually pass the bill, Nuland responded that she has confidence that, “we will do what we have always done, which is defend democracy and freedom around the world…”

What Nuland is attempting here is what the neocons always do. They try to wrap their terrible policies up in the American flag and sell it to the American people as something reflective of “our” values. If you oppose another neocon war, well then you are unpatriotic according to their trickery.

But Americans are waking up to the lies of the neocons and more and more are realizing that there is no “we” when the neocons are trying to sell another war. It is “them.” The “we” in the equation are the people who are being robbed to pay for what will inevitably be another neocon failure.

Does any American still believe that Washington was “defending democracy and freedom” when it used a pack of lies to get us into Iraq, where a country was destroyed and perhaps a million people were killed? How about when, after 20 years in Afghanistan, we managed to replace the Taliban…with the Taliban? And Syria and Libya and all the other interventions?

Was Washington “defending democracy” when Nuland and the rest of the neocons successfully overthrew a democratically elected government in Ukraine in 2014?

It’s getting harder and harder for the American people to choke down the war lies of the neocons. That is something that should make us feel optimistic. In the same interview, Nuland said she was confident that when House Members return to session next week, “after they’ve been out in their districts hearing from the American people,” they will vote to send the $61 billion to Ukraine.

Looking at public opinion polls, however, it is far more likely that any Member meeting with constituents during the break will hear the opposite. It is likely they will hear a demand that not another penny be spent on the brutal, futile, and disastrous Ukraine war. According to a Harris poll taken earlier this month, some 70 percent of Americans want talks to end the Ukraine war!

Americans no longer support the neocon war project in Ukraine. That is something to celebrate.

Perhaps in a last show of desperation, Victoria Nuland debuted another argument for keeping the war money flowing for Ukraine. She said, “we have to remember that the bulk of this money is going right back into this economy to make those weapons…”

Is this supposed to be attractive to the American people? The middle class and the poor are being destroyed by inflation and squeezed by a debased currency so that the wealthy, politically-connected weapons manufacturers can get even richer? Instead of money to rebuild this country and protect its borders, Americans should be thrilled to see their hard work go up in smoke, literally, in Ukraine?

 

Protecting democracy and the Constitution from Donald Trump and the “MAGA extremists” is a major theme of President Biden’s reelection campaign. As is often the case in American politics, President Biden is just as, if not more, guilty of posing an “existential threat” to the Constitution as those he smears as “extremists.” For example, President Biden and members of his administration have waged a campaign to undermine the First Amendment by “encouraging” companies to suppress the expression of “unapproved” views online.

The latest example of the administration trying to get a private internet company to censor Americans may be the most outrageous of all. House Judiciary Committee Chairman Jim Jordan recently released a series of emails between Biden administration officials and Amazon, the world’s largest online retailer. The government officials wanted Amazon to remove from its online catalog books containing “misinformation” regarding the safety and effectiveness of covid vaccines, meaning anything questioning the government’s pro-vaccine propaganda.

While Amazon did try to push back some against the administration, it did remove at least one “anti-vaccine” book from its online catalog. Amazon also manipulated its search results to make sure books expressing skepticism of vaccines were buried under books touting the pro-vaccine line. The company probably hoped that by “burying” these “dissident” books Amazon could make the administration happy without actually removing all books that question the covid vaccines. The company also promised the administration that it would expand use of a Centers for Disease Control (CDC) warning for books promoting “anti-vaccine” narratives.

Some libertarians say that Amazon should not be criticized for its decisions. These libertarians point out that, as a private company, Amazon has the right to decide what books to sell and also has the right to decide to make it difficult to find books expressing viewpoints the company finds dangerous or distasteful. This is true but ignores one important fact: Amazon’s decision to suppress books critical of covid vaccines was not done to attract consumers who would not shop at a site that sells “anti-vaccine propaganda” or “conspiracy theories.” Instead, Amazon acted at the behest of government officials who were seeking to prohibit Americans from accessing alternative views.

Amazon may have been eager to cooperate with the government to avoid being subjected to antitrust litigation. At the very time the administration was demanding Amazon suppress covid dissidents, President Biden was preparing to appoint Lina Khan, an advocate for antitrust litigation against Amazon, to lead the Federal Trade Commission.

It is clear that the US government has been a major spreader of covid disinformation, while those challenging the government’s pro-mask, pro-vax, and pro-lockdown propaganda have been the truth-tellers. Covid is an example of why protecting the First Amendment is vital to protecting not just liberty, but also our prosperity and health.

Congress should prioritize its investigation into the Biden administration’s efforts to silence Americans because of their views. Congress should then impeach all high-level federal officials, including President Biden, who took action to violate Americans’ First Amendment rights.

 

There has been much written and said about Tucker Carlson’s interview with Russian President Vladimir Putin last week. As of this writing the video on Twitter alone has been viewed nearly 200 million times, making it likely the most-viewed news event in history.

Many millions of viewers who may not have had access to the other side of the story were informed that the Russia/Ukraine military conflict did not begin in 2022, as the mainstream media continuously reports, but in fact began eight years earlier with a US-backed coup in Ukraine. The US media does not report this because they don’t want Americans to begin questioning our interventionist foreign policy. They don’t want Americans to see that our government meddling in the affairs of other countries – whether by “color revolution,” sanctions, or bombs – has real and deadly consequences to those on the receiving end of our foreign policy.

To me, however, perhaps the most interesting aspect of the Tucker Carlson interview with Putin was the US mainstream media reaction. As Putin himself said during the interview, “in the world of propaganda, it’s very difficult to defeat the United States.” Even a casual look at the US mainstream media’s reporting before and after the interview would show how correct he is about that. In the days and weeks before the interview, the US media was filled with stories about how horrible it was that Tucker Carlson was interviewing the Russian president. There was the danger, they all said, that Putin might spread “disinformation.”

That Putin might say something to put his country in a better light was, they were saying, reason enough to not interview him. With that logic, why have journalism at all? Everyone interviewed by journalists – certainly every world leader – will attempt to paint a rosy picture. The job of a journalist in a free society should be to do the reporting and let the people decide. But somehow that has been lost. These days the mainstream media tells you what to think and you better not dispute it or you will be cancelled!

What the US mainstream media was really worried about was that the “other side of the story” might start to ring true with the public. So they attacked the messenger.

The CNN reporting on Tucker’s interview pretty much sums up the reaction across the board of the US mainstream media. Their headline read, “Tucker Carlson is in Russia to interview Putin. He’s already doing the bidding of the Kremlin.”

By merely doing what used to be called “journalism” – interviewing and reporting on people and events, whether good or bad – one is “doing the bidding” of the subject of the interview or report?

No wonder fellow journalist Julian Assange has been locked away in a gulag for so many years. He dared to assume that in a free society, being a journalist means reporting the good, the bad, and the ugly even if it puts those in power in a bad light.

In the end, the massive success of the Tucker Carlson interview with Vladimir Putin demonstrates once and for all that the American people are sick to death of their mainstream media propagandists and liars. They are looking not for government narratives, but for truth. That’s the really good news about this interview.

 

A rare instance of an unexpected consequence of a bad policy advancing liberty is the growth in private schools enrolment and homeschooling that occurred as a result of the covid lockdowns. An October 2023 study by Eloise Burtis and Sofoklis Goulas of the Brookings Institution found that 79 percent of American school-age children were enrolled in government schools in the 2021-2022 school year, down from 84 percent enrolled in government schools in 2019-2020. The decline in children attending government schools accelerated because of the lockdowns, and enrollment in government schools continues to decline.

Other researchers have found similar results. For example, the Urban Institute’s Thomas Dee found that during the pandemic hundreds of thousands of children left government schools for private schools and homeschooling.

In October of last year, the Washington Post reported that since before the covid lockdowns there was a 51 percent increase in homeschooled children. The Post labeled homeschooling “America’s fastest growing form of education.“

The lockdowns served no public health purpose. In fact, the social isolation imposed on children by the closures of schools and even playgrounds did more damage to children than covid ever could.

However, the lockdowns did have a long-run benefit by increasing the number of parents rejecting government schooling. The school closures allowed many parents to see for themselves the problems with government-controlled education. Parents were horrified to witness their children logging on to Zoom and then being force-fed woke propaganda instead of receiving a quality education. Parents realized they had a choice: either allow their children to continue to receive an inferior education or seek out an alternative that would provide their children a quality, woke–free education.

Many parents were inspired to seek alternatives to government schools when teacher union officials used their political clout to keep government schools closed even after most business and government offices were open. It turns out that actions of Dr. Anthony “I represent science” Fauci, teacher union officials, and authoritarian politicians who worked to keep government schools closed ended up advancing the popularity of alternatives to government schools.

Parents looking to provide their children with a quality home-based education that promotes real learning that does not push a political agenda but does instruct in the history and philosophy of liberty should look into my homeschooling curriculum. My curriculum provides students with a well-rounded education that includes rigorous courses in history, mathematics, and the physical and natural sciences. The curriculum also provides instruction in personal finance. Students can develop superior communication skills via intensive writing and public speaking courses. Another feature of my curriculum is that it provides students the opportunity to create and run their own businesses.

The government and history sections of the curriculum emphasize free-market economics, libertarian political theory, and the history of liberty. However, unlike government schools, my curriculum never sacrifices quality education to promote a political agenda. Interactive forums allow students to engage with and learn from each other and give them an opportunity to interact with their peers outside of a formal setting.

I encourage all parents looking at alternatives to government schools — alternatives that provide children with a well-rounded education that introduces them to the history and ideas of liberty without sacrificing education for indoctrination — to go to RonPaulCurriculum.com for more information about my homeschooling program.

 
• Category: Ideology • Tags: Anthony Fauci, Covid, Homes, Public Schools 

The clash between the Biden Administration and Texas spilled out into the open last week, when the US Supreme Court ruled that Federal authorities could remove razor wire that Texas Governor Greg Abbott had been installing along the border with Mexico to stop the millions of illegal immigrants from crossing over to the United States.

This time Abbott did not back down. Instead, he issued a statement declaring that “an invasion under Article I, Section 10, Clause 3” of the US Constitution is underway and invoking “Texas’s constitutional authority to defend and protect itself.”

Here Governor Abbott answers an important question I brought up back in my 1988 US Presidential run: at what point do open borders and mass illegal immigration into the US become an “invasion,” which would grant governors the authority – and obligation – to take action?

By some estimates, more than six million illegal immigrants have crossed into the United States during the three years of the Biden Administration. These illegals likely mostly come from Mexico and Central America, but the fact is we have no idea how many of them may be arriving from, for example, the Middle East or other war-torn areas of the world. Last month even the New York Times wrote of the disaster on the US border that, “thousands of migrants are arriving at the border every day, trekking from the farthest reaches of the globe, from Africa to Asia to South America, driven by relentless violence, desperation and poverty.”

With the world awash in US weapons, it’s not hard to imagine the danger of the situation.

It is a problem that the Biden Administration is not willing to tackle, likely for political reasons particularly in an election year. And Biden found an ally in the US Supreme Court and Chief Justice John Roberts with the ruling that Federal agents may begin removing barriers set up by Texas authorities. But the intensity of the dispute became apparent this time when 25 Republican-led states issued statements in support of Texas.

It began to look like a showdown and many even began to invoke words like “secession.”

However, if the Biden Administration intends to use the Supreme Court ruling to take action against the Texas border barrier there are more immediate ways of defending the border. Rep. Thomas Massie took to Twitter last week to recount a meeting he and a group of US House Members had with the late Justice Antonin Scalia. At the breakfast, Massie wrote, Justice Scalia told the group to quit complaining about Supreme Court rulings and start defunding rulings they oppose.

As Massie explained in another Tweet, “Congress can render the 5-4 Supreme Court decision against Texas IRRELEVANT by simply refusing to fund Biden’s removal of border security measures.” Nullification through the “power of the purse” is an important tool given to Congress in the US Constitution and it could be easily exercised in this case.

Biden is clearly playing politics with the immigration crisis, claiming last week that as soon as Congress passes yet another immigration “reform” bill – one that includes $100 billion in military welfare for Ukraine, Israel, and Taiwan – he will take steps to address the Border. Congress should reject this blackmail and US states should continue to take measures – including nullification of the Supreme Court ruling – to protect against invasion.

 

Select politicians, government officials, economic elites, and experts arriving at the annual World Economic Forum meeting in Davos, Switzerland were greeted with an open letter signed by more than 250 billionaires and millionaires. The signers request their respective governments raise their taxes.

The letter signers are concerned about “inequality” that they say “has reached a tipping point.” The cost of this inequality “to our economic, societal and ecological stability risk,” the letter continues, “is severe — and growing every day.” They may have a point. Since the 2008 market meltdown, resentment against those at the top of the income ladder has been growing. However, this is not because people are envious of those able to profit in a free market. Rather, the resentment is rooted in the corporatist system that rewards those who manipulate the political process.

If the signatories to the letter want to truly end the type of inequality that fuels populist rage, they should stop calling for tax increases and instead call for an end to government programs and policies that benefit the rich and powerful. Included are programs like the Export-Import Bank that subsidize large corporations, health and safety regulations that cartelize markets while failing to protect consumers, and interventionist foreign policy that enriches the military-industrial complex while making the rest of us poorer and more vulnerable to terrorist attacks.

The Federal Reserve is the leading cause of inequality. This is not surprising considering it was created at the behest of bankers and rushed through Congress just before Christmas when few Americans were paying attention. Many Americans became aware of how the central bank tailors its policies to benefit the financial elites following the 2008 meltdown. Then, the US government, enabled by Fed money printing, bailed out large financial institutions while average Americans suffered.

The Fed had been helping big firms for many years. In the 1990s it was common for the Federal Reserve, then under the leadership of Alan Greenspan, to pump money into the market in response to apparent crises. This was named the “Greenspan put” by the financial press. The new money would help some companies and their wealthy owners, while reducing most Americans’ purchasing power.

Middle- and working-class Americans suffer the brunt of inflation, which is properly defined as the central bank pumping money into the economy thus reducing the dollar’s purchasing power.

In a free market, most people will be able to have a satisfactory standard of living and recognize that the “super rich” earned their fortunes by offering goods and services that served the needs and wants of consumers while providing good jobs at good wages to fellow citizens. In contrast, in a “mixed economy” supported by a fiat money system, the average person will suffer a steady erosion of his standard of living thanks to the central bank’s inflationary policies, while the crony capitalists prosper. This is a recipe for social instability.

Those concerned with the detrimental effects of rising resentment of income inequality should support repealing all federal programs that reward crony capitalists — including programs masquerading as providing national defense. They should also work to audit then end the Fed.

 
• Category: Economics • Tags: Federal Reserve, World Economic Forum