MCViewPoint

Opinion from a Libertarian ViewPoint

Archive for the ‘Uncategorized’ Category

Doug Casey on the Debt Ceiling Farce and Why the US Should Declare Bankruptcy

Posted by M. C. on May 4, 2023

I’d like to point out that there actually have been previous defaults by the US government. For example, Abraham Lincoln, during the War between the States, defaulted by printing up so-called Greenback currency.

Roosevelt defaulted on the debt by fraudulently devaluing the dollar, raising the price of gold from $20.50 to $35, but only after confiscating it from citizens. That was a default. Then there was Nixon, in 1971, defaulting on the promise to pay foreign governments at $35 gold. Now the dollar is only worth 1/2000th of an ounce of gold.

by Doug Casey

Debt Ceiling Farce

 Subscribe to International Man

International Man: The US federal government has raised the so-called debt ceiling 104 times since 1944.

Shouldn’t they call it a debt target instead of a debt ceiling?

Is this whole thing a farce?

Doug Casey: The situation is completely and irredeemably out of control. It’s a farce. Quite laughable, except for the fact it’s so deadly serious.

Can they reduce the debt ceiling or the amount of debt? Or even slow down its growth at this point? No.

The situation is beyond redemption because most US government expenditures go to pay entitlements—Social Security, Medicare, Medicaid, food stamps, and numerous other types of welfare.

Those things will be very hard to cut at this point; breaking the doggy dishes of millions of corrupted Americans would cause unrest. Plus, the so-called “defense” budget, which mostly supports the military/industrial complex while fomenting conflict. It’s actually much larger than disclosed because it should include $50 billion of foreign aid, the cost of running outrageously large embassies over the world, the CIA, and black budgets of all types.

Meanwhile, all US government agencies are bent on expanding themselves. The bureaucrats who run them realize that if they don’t grow the budget every year, they reduce their chances of going from one GS level to the next. Their success is based upon managing more people and spending more money. Naturally, all these agencies grow like cancers.

As a result, the “debt ceiling” is a fiction. It will stay out of control unless there is a total reorganization of the government—which itself would be risky. And that’s not going to happen until we have a financial catastrophe that leaves absolutely no alternative.

International Man: You have previously stated the US government should default on the national debt.

What are the reasons for that?

Doug Casey: I know it sounds outrageous to propose the US government default on its national debt. Of course, they don’t think it will ever be necessary because, as several high-level government officials have pointed out, they can just print money to pay off the debt.

However, I disagree. What are the reasons for doing something as seemingly catastrophic as defaulting on the debt? I’ll give you at least five. Stick with me. Let’s conduct an outrageous but not unreasonable thought experiment.

First, barring default, future generations of Americans will be turned into serfs to pay off the debt. Profligate people have run up the debt, but everybody’s children and grandchildren are stuck with having to pay it off. That’s simply immoral. If you have any care for the future at all, future generations should be saved from becoming serfs to pay it off.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Samantha Power, High Priestess of Insidious Authoritarianism

Posted by M. C. on May 4, 2023

The carrot of U.S. bribery that Power offers is not subtle. “In recognition of the challenges that all traditional media outlets face, even in the United States, we [the Biden administration] have also organized a new effort to help media organizations that are struggling financially develop business plans, lower costs, find audiences, and tap into new sources of revenue so that they do not go bankrupt when independent journalism is needed most.” One of those “new sources of revenue” would be direct or indirect subsidies from USAID. Only the most naïve would assume that media outlets opposing U.S. foreign policies would receive such largesse.

https://libertarianinstitute.org/articles/samantha-power-high-priestess-of-insidious-authoritarianism/

by Ted Galen Carpenter

samantha power

Most people who remember Samantha Power know her either as a pro-war propagandist masquerading as a journalist in Bosnia or as Secretary of State Hillary Clinton’s loyal servant in helping to orchestrate the Obama administration’s disastrous military interventions in Libya and Syria. However, she now has an important policy perch in Joe Biden’s administration from which to promote and implement a new round of destructive policies. As the head of the U.S. Agency for International Development, she has a multi-billion-dollar slush fund with which to bribe foreign governments and subsidize foreign political surrogates.

Under her leadership, USAID’s stated goal is to place greater emphasis on specific measures to counter the various methods that authoritarian regimes use to undermine free societies. As usual, the actual substance of the policy is to prevent any efforts by foreign critics to undermine U.S. global military and economic primacy. Power underlies the “new” strategy in her article in the March-April 2023 issue of Foreign Affairs, titled “How Democracy Can Win: The Right Way to Counter Autocracy.”

Much of the article simply regurgitates bromides that establishment internationalists have pushed for decades.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

EU Backs Controversial Dutch Plans To Shut Down Farms In Bid To Reduce Nitrogen Emissions

Posted by M. C. on May 4, 2023

https://www.zerohedge.com/political/eu-backs-controversial-dutch-plans-shut-down-farms-bid-reduce-nitrogen-emissions

Tyler Durden's Photo

BY TYLER DURDEN

Authored by Katabella Roberts via The Epoch Times,

The European Commission on May 2 approved a plan by the Dutch government that would compensate livestock farmers in certain areas if they agree to voluntarily close their farms as part of the Netherlands’ efforts to reduce nitrogen pollution.

Under the new “schemes,” dubbed LBV and LBV plus, farmers will need to agree to shut down their production capacity definitively and irreversibly and not start the same breeding activity elsewhere in the Netherlands—the second-largest agricultural exporter in the world—or anywhere else within the European Union.

The “schemes” will run until February 2028 and are open to small and medium-sized livestock farmers in “overburdened Natura 2000 areas” in the Netherlands, providing their current nitrogen deposition load exceeds certain minimum levels each year.

In addition, only farmers that can prove they have been constantly producing over the five years before voluntarily closing down production will be eligible for the schemes.

The two Dutch schemes have a total budget of roughly €1.47 billion ($1.62 billion) and are part of the government’s plans to reduce nitrogen deposition in nature conservation areas.

Under the €500 million ($551 million) LBV scheme, farmers will be compensated “up to 100 percent” of the losses they incur by closing down their dairy cattle, pig, and poultry breeding sites, in the form of direct grants, according to a statement from the European Commission.

Chickens from a poultry farm in Winkel, Netherlands, on April 29, 2020. (Olaf Kraak/ANP/AFP via Getty Images)

Compensation, ‘Green Bonus’

That compensation will cover the loss of production capacity and production rights, according to the statement; funding, however, depends on the area in which the farm is located.

Under the €975 million ($1.77 billion) LBV-plus scheme, which will be open to “peak-load emitting breeding sites who emit a high level of nitrogen per year, fixed as a minimum level,” including farmers breeding dairy cattle, pigs, poultry, and veal calves, “up to 100 percent” of losses incurred by the farmers will be compensated via direct grants.

However, some farmers may also receive up to 120 percent in compensation due to the loss of production capacity under that scheme, according to officials.

The European Commission noted in its statement that if closures are done owing to environmental reasons, member states may grant the farmers an additional 20 percent “green bonus” on top of the compensation for the loss of the value of the assets.

Dutch agricultural exports were worth €122.3 billion last year, according to the national statistics office.

‘Necessary and Appropriate’

According to the European Commission, shutting down certain facilities producing high levels of nitrogen pollution is “necessary and appropriate” to “improve the environmental conditions of the targeted areas and to allow a high-quality, sustainable, and environmentally friendly production” as well as help meet the policy objectives such as those in the European Green Deal.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Liberal SCOTUS Justice Took $3M From Book Publisher, Didn’t Recuse From Its Cases

Posted by M. C. on May 4, 2023

Random House was her main source of earned income, but she voted on key decision where publisher stood to lose money, even as similarly-positioned colleague recused.

If you did that…it would gray bar hotel.

https://www.dailywire.com/news/liberal-scotus-justice-took-3m-from-book-publisher-didnt-recuse-from-its-cases

By  Luke Rosiak

WASHINGTON, DC - OCTOBER 07: United States Supreme Court Associate Justice Sonia Sotomayor (L) and Associate Justice Clarence Thomas (R) pose for their official portrait. (Photo by Alex Wong/Getty Images)
WASHINGTON, DC – OCTOBER 07: United States Supreme Court Associate Justice Sonia Sotomayor (L) and Associate Justice Clarence Thomas (R) pose for their official portrait. (Photo by Alex Wong/Getty Images)

Liberal Supreme Court Justice Sonia Sotomayor declined to recuse herself from multiple copyright infringement cases involving book publisher Penguin Random House despite having been paid millions by the firm for her books, making it by far her largest source of income, records show.

In 2010, she got a $1.2 million book advance from Knopf Doubleday Group, a part of the conglomerate. In 2012, she reported receiving two advance payments from the publisher totaling $1.9 million.

In 2013, Sotomayor voted in a decision for whether the court should hear a case against the publisher called Aaron Greenspan v. Random House, despite then-fellow Justice Stephen Breyer recusing after also receiving money from the publisher. Greenspan was a Harvard classmate of Mark Zuckerberg’s who wrote a book about the founding of Facebook and contended that Random House rejected his book proposal and then awarded a deal to another author who copied his book and eventually turned it into the movie The Social Network.

In 2017, Sotomayor began receiving payments each year from Penguin Random House itself, which continued annually through at least 2021, the most recent disclosure available, and totaled more than $500,000. In all, she received $3.6 million from Penguin Random House or its subsidiaries, according to a Daily Wire tally of financial disclosures.

In October 2019, children’s author Jennie Nicassio petitioned the Supreme Court to hear her lawsuit against Penguin Random House alleging that the book publisher had copied her book by selling one that was nearly identical. On the same day that the petition was distributed to the justices, Sotomayor received a $10,586 check from the publisher.

On February 24, 2020, the Supreme Court voted not to hear the case, denying the “writ of certiorari” and meaning that the case would remain where it left off — with a circuit court having found in the publisher’s favor. Sotomayor’s next check, coming in May of that year, was her largest ever from the parent company, at $82,807.

The Supreme Court does not reveal how individual justices vote when it comes to “cert,” but it does note when they recuse, which Sotomayor did not. Her decision not to recuse is particularly notable because Breyer again recused. Breyer received payments from Penguin Random House or Knopf each year, which he seemingly viewed as a conflict, even though he received only a tenth of the amount — $340,000 during the same time period — as Sotomayor (Breyer’s wife also wrote a book for the company).

The Penguin Random House money dwarfed the pay that Sotomayor received from the court and made up all of her reported outside earned income, with the exception of $6,000 in payments from groups — some of which related to her book — and a $5,000 “option fee,” which typically relates to books, according to the disclosures. The publisher also footed the bill for her to speak to various groups. Breyer, by contrast, would typically have those groups foot the bill.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

What China Is Really Playing at in Ukraine

Posted by M. C. on May 3, 2023

As for what will be left of Ukraine, it is already being bought by Western mega-players such as BlackRock, Cargill and Monsanto. Yet Beijing certainly does not count on being left high and dry. Stranger things have happened than a future rump Ukraine positioned as a functioning trade and connectivity BRI partner.

Pepe Escobar

Beijing is fully aware the NATO proxy war against Russia in Ukraine is the un-dissociable double of the U.S. war against its Belt and Road Initiative.

Imagine President Xi Jinping mustering undiluted Taoist patience to suffer through a phone call with that warmongering actor in a sweaty T-shirt in Kiev while attempting to teach him a few facts of life – complete with the promise of sending a high-level Chinese delegation to Ukraine to discuss “peace”.

There’s way more than meets the discerning eye obscured by this spun-to-death diplomatic “victory” – at least from the point of view of NATOstan.

The question is inevitable: what’s the point of this phone call? Very simple: just business.

The Beijing leadership is fully aware the NATO proxy war against Russia in Ukraine is the un-dissociable double of an American direct war against the Belt and Road Initiative (BRI).

Until recently, and since 2019, Beijing was the top trade partner for Kiev (14.4% of imports, 15.3% of exports). China essentially exported machinery, equipment, cars and chemical products, importing food products, metals and also some machinery.

Very few in the West know that Ukraine joined BRI way back in 2014, and a BRI trade and investment center was operating in Kiev since 2018. BRI projects include a 2017 drive to build the fourth line of the Kiev metro system as well as 4G installed by Huawei. Everything is stalled since 2022.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

FDIC Cash Balance Covers 1.27% of ALL Insured Deposits

Posted by M. C. on May 3, 2023

Now we know that all western DATA is forged.   We also know that Yellen, sobbing over a looming debt default, has the mind of a slug of jello and she will do whatever she is told without – a thought.   Literally.

Watch The Mergers.   This will determine their next Play Act on the Stage of the “Global Bust” as written by

~ The Protocols.

Before helping to Bailout SVB Bank and Republic Bank – the FDIC had $128 billion cash on hand representing 1.27% of all insured deposits.   Still think your money is insured?   Not if the FDIC has no more funds.   They are funded by banks – when banks are no more, their funding takes a dive.   The Rothschild Economist declared a few weeks ago that the largest banks needed to absorb ALL other banks to recreate a banking Cartel of just 3-5 mega banks.   This is the only means to CONTROL via social credit scores.

Today, The Economist is suggesting that mining companies begin the same absorption process.   Lauding the agenda as the creation of a super commodities group or “Cartel”, the industry includes green metals as well as coal and other minerals such as lithium. Monopolies are the end goal.

Within this western trend, newly crowned King Charles has altered his coronation to add a ‘pledge’ that all Brits are called to recite in unison proclaiming their obedience to the King.   Not to the Land. Not to the Constitution.   But to Charles the man who intends to expand his Kingship duties so as to fully indoctrinate the British Empire that was and isn’t.  Hail Britain’s Totalitarian Rule!

The problem with going forward with the World Economic Forum Agenda is too many countries have sabotaged the global outcome.   Without a global response, with waning allies, and with awakened populace across the globe, the Cartel will need more than simple monopolies doling out rations.

In the event the Mafia Cartel manages to obliterate the western economies who will they govern?   Exodus from major cities will cue chaos should the chaos puppets choose to invade suburban and rural communities.     Which is why the importance of gun confiscation becomes a pre-eminent need to solve before the wave moves outward.  Their timing is off…

In nearly all mergers, employees are the first casualty.   Employees who reap benefits, lucrative salaries and whose job is largely a stage effect go first.   But in every restructure the slashing is crisp and finale.   There is no begging.   There is no mercy.   Thus the mergers being ordered by the Cartel will have an unemployment fallout.   Given all statistics are now algorithms, we have little ability to scrape together facts from the dung pile.

Unemployment is already a side show of fraud – operating on the same ideology established by Communist China.   We used to laugh at how China manipulated its GDP, its employment, its death rate, its wealth, its stock market, all DATA.   It is relatively easy once the government is onboard.   Now we know that all western DATA is forged.   We also know that Yellen, sobbing over a looming debt default, has the mind of a slug of jello and she will do whatever she is told without – a thought.   Literally.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

The Half That Pays

Posted by M. C. on May 3, 2023

Be seeing you

Posted in Uncategorized | Tagged: | Leave a Comment »

Ireland Government’s Hate Speech Bill Promotes ‘Thought Crime Legislation’

Posted by M. C. on May 3, 2023

The same people creating this law will decide what you say is right or wrong. Better pray the wind is blowing in the right direction on the day they decide to look at you.

https://www.zerohedge.com/political/ireland-governments-hate-speech-bill-promotes-thought-crime-legislation

Tyler Durden's Photo

BY TYLER DURDEN

Authored by Naveen Anthrapully via The Epoch Times,

Irish authorities are pushing forward a bill that will make it a crime to disseminate and possess content deemed to be hateful—a development Elon Musk warns is a threat to free speech in the country.

The Criminal Justice (Incitement to Violence or Hatred and Hate Offences) Bill 2022 (pdf) seeks to “amend the law relating to the prohibition of incitement to violence or hatred against a person or a group of persons on account of certain characteristics (referred to as protected characteristics) of the person or the group of persons and to provide for an offence of condoning, denying or grossly trivialising genocide, war crimes, crimes against humanity and crimes against peace.”

It aims at “combating certain forms and expressions of racism and xenophobia by means of criminal law.”

The bill classifies “race, skin colour, nationality, religion, national or ethnic origin, descent, gender, sex characteristics, sexual orientation, and disability” as protected characteristics.

Gender is “the gender of a person or the gender which a person expresses as the person’s preferred gender or with which the person identifies and includes transgender and a gender other than those of male and female.”

The bill empowers Irish authorities to convict people criminally for alleged hate crimes. According to the bill, a person can be deemed guilty of an offense if the individual “(i) communicates material to the public or a section of the public, or (ii) behaves in a public place in a manner, that is likely to incite violence or hatred against a person or a group of persons on account of their protected characteristics or any of those characteristics.”

“Massive attack on freedom of speech,” Musk said in an April 30 tweet responding to an organization called Free Speech Ireland, which criticized the Irish government for voting against “human rights and quite literally for thought crime legislation.”

An amendment to include the UN Convention on Human Rights protections on free speech into the hate speech bill was defeated. Another amendment to excuse the section allowing for prosecuting individuals possessing offensive material without communicating it was also defeated.

This means that Irish authorities can arrest a person for simply possessing material deemed as potentially inciting hatred if disseminated.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , | 1 Comment »

In Washington, China is a four-letter word and the excuse for everything

Posted by M. C. on May 3, 2023

Lawmakers have introduced nearly 275 measures this session, while bureaucrats are busy using the CCP to justify ballooning budgets.

Rep. Patrick McHenry (R-N.C. ): They are centralized; we are decentralized. They are closed; we are open. They suppress free speech and human dignity; we embrace it.”  

Say What?

Written by
Blaise Malley

The 118th Congress has been underway for about three months, and at least one thing is already clear — across both parties, many committees, and a whole host of issues touching virtually all aspects of American life — China is the hottest issue on the Hill right now.

The first hearings of the session are often indicative of overarching priorities for the upcoming term. In 2023, the House Foreign Affairs Committee, the Financial Services Committee, and the House subcommittee on Courts, Intellectual Property, and the Internet, part of the Judiciary committee, all held their initial hearings on some aspect of strategic competition with China. Within a week of their swearing-in, a large majority of members voted to establish the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, to much media fanfare.

Since then, subcommittees in HFAC, as well as Homeland Security, Coronavirus, Ways and Means, and Oversight committees have followed suit, in one way or another, in raising the China specter. 

Not surprisingly, many of these hearings have been full of fear-mongering, depicting the Chinese Communist Party as an existential threat rather than actually grappling with the genuine challenges and legitimate concerns now facing the U.S.-China relationship.

“China is not an ally or a strategic partner. They are our competitor and pose the single greatest threat to America’s global standing,” charged Rep. Patrick McHenry (R-N.C. ) during the Financial Services committee’s first hearing. “The juxtaposition between the United States and China could not be more clear. They are centralized; we are decentralized. They are closed; we are open. They suppress free speech and human dignity; we embrace it.”  

The chairman of the subcommittee on Courts, Intellectual Property, and the Internet, Rep. Darrell Issa (R-Calif.), declared during his hearing that  “America’s national security is at risk because of China’s government’s quest to achieve superiority using both internal and externally gotten technology. They will use both legal and illegal means in order to gain technology.” 

Other hearings have veered off course from their official agendas into unrelated attacks on Beijing, as when Rep. Brad Sherman (D-Calif.) — during a hearing on PRC influence in the Indian Ocean — wondered, in a reference to China’s treatment of Uyghurs and ambivalence towards the Rohingya genocide in Myanmar, “how effective have we been in letting the Muslim populations from Indonesia to Egypt know what China is doing and making them pay a price?” None of the witnesses felt they had sufficient expertise to answer this question. 

A search of the congressional record shows that in the first three months of the 118th Congress, lawmakers have introduced 273 bills or amendments that contain some variation of the word “China.” The terms  “CCP,” “PRC,” “Beijing,” or “Taiwan” add a handful more. This marks a significant uptick in China-related legislation in recent Congresses. This session’s total is already more than any congressional session before the 114th (2015-16). Since then, the number has increased from 288 in the 115th (2017-2018) to 627 in the 116th (2019-2020) to 1,323 in the 117th Congress (2021-2022). 

Like the recent congressional hearings, these bills touch on almost every aspect of American life. 

At a time of intense partisan polarization, bashing China is one issue on which both parties can’t get enough. Republicans sense that China’s rise — and the supposed American decline that accompanies it — serves as a useful political weapon against President Joe Biden. 

“The second thing that’s happening, and that’s more concerning for me,” Michael Brenes, Non-Resident Fellow at the Quincy Institute, told Responsible Statecraft, “is that the Biden administration is pursuing a policy where it believes the China threat can be served to revive or renew American democracy and American foreign policy, in a post war on terror era.” Meaning, he added, that everything from domestic renewal to industrial policy to foreign policymaking is being justified on that basis. 

As a result, heads of various government agencies have made cases for increasing their budgets based on the need to combat the China threat. Testifying in front of the House Appropriations Committee in late April, FBI Director Christopher Wray said that bureau agents were outnumbered “at least 50 to 1” by Chinese hackers looking to attack critical U.S. infrastructure. 

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Debt Ceiling Drama Ignores Our Real Fiscal Crisis

Posted by M. C. on May 2, 2023

Therefore, the most important step in the liberty movement now is convincing more people to apply the same moral code to theft and murder committed by government as they apply to those same crimes by private citizens. The government, at the very least, should be held to the same moral codes as the people it governs.

Ensuring that government follows the same nonaggression principle as law-abiding citizens is the key to a society of freedom, peace, and prosperity.

https://libertarianinstitute.org/articles/debt-ceiling-drama-ignores-our-real-fiscal-crisis/

by Ron Paul

5989387702 36aa7b43ba z

Political Cartoon by Joe Wolf in the Rapid City Journal

Last week the House passed legislation increasing the debt ceiling. The bill was supported by all but four Republicans. For some Republicans, this was the first time they had ever voted for a debt ceiling increase. Perhaps the reason they did so this time was because the legislation also promised to reduce federal spending by $4.5 trillion over the next decade. Most of those spending reductions are achieved by rolling back Fiscal Year spending to 2022 levels and then limiting increases in spending to one percent for the next ten years. The bill also returns unspent COVID relief money to the U.S. Treasury and eliminates President Biden’s student loan forgiveness programs.

Perhaps the most significant part of the bill is the REINS Act. This legislation requires congressional approval of any new federal regulation that will have an impact of more than $100 million, will have significant harmful impact on the economy, or will increase consumer prices. Even though the bill increases spending and debt, there are reasons a supporter of limited government might vote for it.

However even in the unlikely event that this bill is passed in the Senate and signed into law by President Biden, it is unlikely that the one percent spending cap would remain in force for the full ten years.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , | Leave a Comment »