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Posted by M. C. on December 31, 2022
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Posted by M. C. on December 31, 2022
Why would “populist” governments impose policies that perpetuate poverty and hurt the people? Interventionism does not aim to increase prosperity but take full control of a nation. The three mentioned policies are aimed at grasping full control of a country and make the population dependent, not deliver growth and improve social conditions.
https://mises.org/wire/latin-americas-descent-interventionism-continues
The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region GDP growth has been downgraded yet again to a modest 1.1% for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying.
The poor growth and high inflation expectations are even worse when we consider that consensus estimates still consider a tailwind coming from rising commodity prices and more exports due to the China re-opening.
How can a region with such high potential as Latin America be condemned to stagflation? The answer is simple. The rise of populist governments in Colombia, Chile and Brazil have increased the concerns about investor security, property rights and monetary discipline.
Argentina is expected to post a modest 0.2% GDP growth in 2023 with 95% inflation and a debt to GDP of 72%. Years of monetary and fiscal excess have destroyed the purchasing power of the local currency and dilapidated the prospect of real growth. In Argentina, poverty has escalated to 36.5% of the population and the government policies double down on interventionism, price controls and higher taxes with the expected negative result. Despite the tailwind of high demand for soja and cereals globally, Argentina dives deeper into Venezuela territory, where consensus expects another year of weak 3% bounce after destroying 80% of the output in a decade, with enormous inflation, 132%.
The problem? The new governments in Chile and Colombia are announcing policies that resemble those of the “Peronist left” in Argentina and the Fernandez government in Argentina is looking more like Maduro’s Venezuela each day.
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Posted by M. C. on December 31, 2022
Public health cannot be trusted. Its practitioners have shown us repeatedly that they will never choose less restrictive policy options, undertake cost-benefit analyses of their actions, or accept accountability for the massacres and harms they cause. Our only option is to excise this cancerous discipline.
https://mises.org/wire/case-disbanding-public-health-agencies
During March of 2020, Sweden’s state epidemiologist, Anders Tegnell, showed us how public health can be managed ethically by refusing to lockdown Sweden’s residents. The rest of the public health discipline, however, entered the territory in which we now place the universally castigated discipline of eugenics. Eugenics breaches ethics and causes enormous harm to the fabric of mankind. Likewise, lockdowns breach ethics and have terrorized or killed millions of people worldwide.
I recently assisted Professor Gigi Foster in preparing a cost-benefit analysis of Australia’s response to covid-19. This analysis, published as a book, shows that the harm caused by lockdowns in Australia exceeds any benefits by at least sixty-eight times. Magnifying these to the rest of the world, I estimate that between three to ten million people have been killed, trillions of dollars have been destroyed, and billions of people have been harmed worldwide by lockdowns; a “gift” that will keep on giving well into the future.
Lockdowns did not only increase noncovid related deaths. A study I carried out jointly with Jason Gavrilis in mid-2022, published by the India Policy Institute, shows that lockdowns also increased covid-19 deaths. Countries which implemented lockdowns and related measures have experienced, on average, more covid-19 deaths than Sweden. If the findings of this study are validated by other researchers, then the sheer evil of these lockdowns and associated policies will baffle future generations.
In this article, I show that the public health response to covid-19 is not the exception but the rule. The evil policies of public health are the inevitable outcomes of the intrinsic information failures and incentives deeply embedded within its structure.
What happened in 2020 is typical of public health. As Luc Bonneux and Wim Van Damme explained in the World Health Organization’s (WHO) 2011 bulletin, a “culture of fear” and “worst-case thinking” were the hallmarks of public health during the avian and swine flu of the early 2000s: “The pandemic policy was never informed by evidence, but by fear of worst-case scenarios.” Sweden’s ethical covid-19 response must not mislead us into thinking that public health can somehow be reformed. Tegnell is not representative of public health.
As a remedy, Bonneux and Van Damme asked that public health be “accountable for reasonableness in a process of openness, transparency and dialogue with all the stakeholders, and particularly the public.” But true to its character, public health did none of this during covid-19 and instead imposed extreme censorship across the world.
The pre-2020 public health literature was explicit that policies involving lockdowns must never be pursued since their harms vastly exceed their benefits. The WHO pandemic guidelines of 2019 insisted on proportionate measures, had an extensive discussion of the ethics of each measure, and ruled out reckless measures like lockdowns and border closures. I summarized this literature in The Great Hysteria and The Broken State and in a complaint to the International Criminal Court.
But what happened during the swine flu was multiplied a thousandfold with covid-19. Fixated on the worst-case scenario once again (recall the Neil Ferguson model), public health stoked what I call the Great Hysteria.
It has been evident since around April 2020 that covid-19 is not particularly lethal. Professor John Ioannidis of Stanford University wrote to me on April 9, 2022, that covid-19 is 50–500 times less lethal than the Spanish flu. Covid-19 is essentially as lethal as the seasonal flu. Sweden’s official mortality statistics, which adjust the death rate for population size, show no evidence of excess mortality in Sweden in 2020 once we control for the dry tinder effect of 2019 (The mild flu season of 2019 meant that many more of the elderly were vulnerable to respiratory disease in 2020.). We have a so-called pandemic with a lethality similar to the seasonal flu; therefore, covid-19 caused virtually no excess deaths in Sweden during 2020.
Nonetheless, practitioners of public health, except in Sweden, drummed up hysteria by grossly exaggerating covid-19 (calling it a once-in-a-century pandemic) to support the adoption of Chinese Communist Party inspired lockdowns in breach of long-standing, well-established public health findings.
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Posted in Uncategorized | Tagged: Health Agencies, lockdowns, public health, state epidemiologist, Sweden | Leave a Comment »
Posted by M. C. on December 31, 2022
Volodymyr Zelensky is in town!
https://www.unz.com/pgiraldi/lock-up-the-white-house-silverware/

In my humble opinion the surfacing of Ukrainian President Volodymyr Zelensky in Washington last week was possibly the most disgusting example of the corruption of our country and its values since Israeli President Benjamin Netanyahu arranged for a similar invitation to address a rapturous Congress back in 2015. Zelensky’s “surprise” visit had in fact been arranged over the course of several months and was a carefully choreographed performance intended to pay political dividends for both the White House, for the Democratic Party in Congress and for Zelensky and his political supporters at home. He met privately with President Joe Biden in the White House, where he presumably received most of what he was seeking as well as a pledge of total support until “Ukraine wins.” He subsequently was invited to address a Joint Session of Congress, a privilege that was most definitely not arranged at short notice, with House of Representatives Speaker Nancy Pelosi predictably calling on all Congressmen to attend. The session began with a three minute standing ovation from the assembled Representatives and Senators.
So the creepy little con-man was enabled to have his say in a video link that reached a global audience. That it consisted of a gaggle of lies to justify the rapid passage of hundreds of billions of dollars from the struggling American taxpayer to a nation renowned only for its reputation as the most corrupt in Europe was not noted by the audience. As it has been from the start Joe Biden’s war, it is inevitable that the Democrats in Congress should leap around and fill the chamber with cheers every time Zelensky opened his mouth to emit yet another inanity. But to their shame, many Republicans joined in on the celebration of the odd diminutive man Zelensky, whose beatification was passionately embraced by the national media to make sure no one missed out on the importance of the event. The New York Times report on the visit began by describing Zelensky’s status as “a national hero and global superstar, having forged a leadership style blending personal daring with deft messaging to rally his people at home and his allies abroad.” In part, that message included describing his struggle as engaging in a battle pitting “good against evil.”
Nevertheless, those Republicans whose heads were not wedged up their keesters did boycott the event, to the tune of only 86 out of 213 being present. It seems that some Republicans are against the war generally speaking while others actually believe that the billions going to Ukraine should be audited to determine whether it is being stolen or not. Congressmen Matt Gaetz and Lauren Boebert attended but played with their cell phones and did not rise and applaud the stirring rhetoric coming from Zelensky, who was basically seeking many new weapons and lots more money justified not as “charity” but as an “investment” so he and Ukraine could work to bring rule of law, global security, democracy and freedom to the world. In the aftermath, one particularly delusional commentator has enthused how “There can be no more compelling or effective leader of the democratic free world today than Ukrainian President Volodymyr Zelensky. Fate has called upon him to rise to a level of courage and clarity few figures in history have demonstrated.”
In his speech, Zelensky clearly forgot to mention how he has eliminated freedom of speech and association in his own country as part of his war agenda, while also banning opposition parties and media and even harassing the Russian Orthodox Church. But the tweetosphere inevitably ignored those issues and erupted instead over the alleged bad behavior by some Republicans in not supporting such a great leader. One Michael Beschloss (@BeschlossDC), who is the anointed NBC television network’s Presidential Historian, tweeted, “For any members of Congress who refused to clap for Zelenskyy, we need to know from them exactly why.” Independent journalist Glenn Greenwald (@ggreenwald) responded sarcastically to Beschloss, “Haul them before a Committee and force them to pledge allegiance to Ukraine and Zelensky or else face long-term imprisonment in a supermax. Refusing to clap for a foreign leader on command is a form of treason.”
And politicians too were inevitably prone to bombastic misrepresentation. Congressman Don Beyer of Virginia tweeted how “This disrespect is embarrassing. It embarrasses you, your constituents, the body we serve in, and our country. Huge numbers of President Zelensky’s people have been killed in a bloody war they did not seek. We must be able to debate foreign policy without mocking human suffering.”
Another lunkhead Democrat Representative Jake Auchincloss of Massachusetts declared war, asserting that “We’re in a global struggle between democracy and autocracy. And Ukraine is fighting on the frontlines of that struggle. Our support for Ukraine is sending a message to Moscow, it’s sending a message to Beijing. And it’s sending a message to other authoritarian regimes.” Auchincloss was apparently unaware that it is the United States government that has itself become more autocratic/despotic in that it is generally accepted that the president now has extralegally assumed the authority to allow war crimes to be committed in places like Syria, Afghanistan and Libya while also torturing people to death in secret prisons. The president and his Attorney General Merrick Garland are also rooting out “domestic terrorists” who generally speaking are white people who oppose Democratic Party policies.
Clearly, neither Beyer nor Auchincloss understands that a principled “debate” on foreign policy is not taking place at all in America, largely due to the ability of their party and colleagues to manage and control the process whereby it is possible to start an illegal/unconstitutional war that just might go nuclear without any real pushback from critics or the public.
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Posted by M. C. on December 31, 2022
The McProxy War continues.


Kyiv has announced the addition of a fifth corporate logo to the Ukrainian flag following news that BlackRock will be playing a crucial role in the reconstruction of the nation. The world’s largest investment management firm will join Raytheon Technologies, Northrop Grumman, Lockheed Martin, and McDonald’s upon the now-omnipresent blue and yellow flag.
“I understand some Ukrainians may be frustrated at the continual additions to our nation’s glorious flag,” Ukraine’s President Zelensky said during a speech announcing the change. “Just last month we added the Raytheon logo, and now we’re adding BlackRock. I am sure it was a bit awkward for our American friends as they were continually adding stars to their flag back when they were adding lots of new states to their republic, too.”
“The only difference is instead of adding states, we’re adding multinational megacorporations,” the leader said.
Zelensky then took a large bite of a McDonald’s Big Mac™️, saying, “Mmm mmm, I’m lovin it!” in English, eliciting awkward applause throughout the Walt Disney Company Presidential Press Hall.
BlackRock to “rebuild” Ukraine. This is going to make the neoliberalism and privatization the U.S. inflicted on post-Soviet Russia look like child’s play cnbc.comZelenskyy, BlackRock CEO Fink agree to coordinate Ukraine investmentUkrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink have agreed to coordinate investment in rebuilding Ukraine, Kyiv announced Wednesday8:53 PM ∙ Dec 28, 20221,196Likes348Retweets
Critics have complained that BlackRock’s new role in Ukraine could draw accusations of corruption, with some noting that the the company’s managing director Eric Van Nostrand was hired straight into a senior advisory position in the Biden administration’s Treasury Department just this past August, explicitly to shape US economic policy on Russia and Ukraine.
Others have noted that BlackRock is a top beneficial owner of shares in major arms manufacturers who are reaping immense profits from the war in Ukraine, with tens of billions invested in Lockheed Martin, Boeing, General Dynamics, Northrop Grumman, and Raytheon.
These words of caution have however not been sufficient to dissuade the Ukrainian government from selling Ukraine piece by piece to western oligarchs like billionaire BlackRock CEO Larry Fink, and now one more giant corporation gets another slice of the nation.
A Ukrainian Embassy reception was sponsored by Northrop, Lockheed and Raytheon, reports @mideastXmidwest. (Not The Onion) vox.com/world/2022/12/…

We can expect more such deals to be signed by Kyiv, which is slated to be re-named Goldman Sachs City early next year.
The McProxy War continues.
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Posted by M. C. on December 30, 2022
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Posted by M. C. on December 30, 2022
President Joe Biden’s entire economic agenda is built around the notion of economic mediocrity rooted in a self-proclaimed higher justice. Paul Waldman of The Washington Post posited this week that Biden had launched an “economic policy revolution” rooted in fighting “inequality.” This would require “more active government intervention in the economy.”
And we will all learn to love such intervention, because it will be done in the name of a higher value: equality. Not equality of rights, but equality of outcome; not equality of value, but equality of resources. The problem with this philosophy is that it removes the incentive for all that creates prosperity: work, creativity, thrift, responsibility. And removing that incentive means more misery for everyone.
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BY TYLER DURDEN
TUESDAY, DEC 27, 2022 – 04:44 AM
Authored by Ben Shapiro via RealClear Politics,
This week, The New York Times released a long expose of the shortcomings of the United Kingdom’s National Health Service. Long cherished as a crown jewel of Left-wing governmental policy, the NHS has been plagued by massive resource shortcomings, requiring rationing of critical infrastructure and care. Now, citizens are waiting up to 12 hours for ambulances. “It’s a near-crisis situation that experts say reveals a breakdown of the compact between Britons and their revered National Health Service,” the Times reported, “that the government will provide responsible, efficient health care services, mostly free, across all income levels.”

There can be only one excuse for such signal failure to serve the prosperity of your citizenry: the chimera of equality. This, in fact, is the clarion call of the Left: that human beings sacrifice well-being and prosperity on behalf of the cult of equal distribution of resources. Klaus Schwab, head of the World Economic Forum, says as much in his book, “The Great Narrative”: we should dispense with economic measures like gross domestic product (GDP) in favor of “what matters most: climate action, sustainability, inclusivity, global cooperation, health and well-being.” In fact, says Schwab, “We might even find we can live with such a scenario quite happily!” The end goal will be ending “inequality and the unfairness that underpins it” by enshrining “universal provision of social assistance,” which will require that governments “rewrite some of the rules of the game and permanently increase their roles.”
Closer to home, New York Times columnist Jamelle Bouie says the same when he argues in favor of government nationalization of all wealth and then redistribution of that wealth on a per capita basis… every generation. This would amount to a complete rupture of property rights — and this in turn would mean the end of innovation, since societies that dispense with property rights and profit margins regress into stagnation and then economic collapse. But at least we will have achieved Bouie’s goal: equality!
Indeed, members of the political Left are constantly asking citizens to simply reframe their perspectives on prosperity entirely.
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Posted in Uncategorized | Tagged: Equality, inclusivity, Joe Biden, Klaus Schwab, National Health Service, sustainability, the left | Leave a Comment »
Posted by M. C. on December 30, 2022
It’s OK with US (government). It (you) is paying to support them.
Asa Winstanley and Ali Abunimah
https://electronicintifada.net/content/israel-helps-ukraine-whitewash-its-nazis/36911

Representatives of Ukraine’s neo-Nazi Azov Battalion have been touring Israel to drum up support for the unit’s imprisoned fighters. They have been meeting with Israeli politicians and soldiers.
Azov intelligence officer Illia Samoilenko was released in a prisoner exchange with Russia in September.
He had been one of the hundreds of Azov fighters who surrendered in May at the end of the long Russian siege of the eastern city of Mariupol.
“Israel values freedom, values strength, Israel values honor. It’s the same things that we also value,” he told Israeli newspaper Haaretz this week.
Samoilenko also told The Times of Israel that “he sees Israel and Ukraine on the same side, the civilized battling the uncivilized in a struggle for the future of humanity,” the outlet summarized.
“We have prosperity, beautiful, prosperous, beautiful civilization, and they have medieval cavemen,” he said. It seems the “they” in this case are the Palestinians and the Russians, who Samoilenko regards as “uncivilized.”
Along for the Israeli tour with Samoilenko is Yulia Fedosiuk, the wife of an imprisoned Azov fighter and a far-right activist in her own right.
Both were on a charm offensive this week, as part of a wider push to whitewash Azov’s image in the West.

Before Russia invaded Ukraine in February, it was widely acknowledged that the Azov Battalion promoted Nazi ideology.
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Posted by M. C. on December 30, 2022
On the one hand, it should be cause for a revolution because it will actually turn people into serfs. But on the other hand, the average American has almost no understanding of economics. He has little grip on what’s going on and believes propaganda.
We’re going to get CBDCs in 2023, and this is one of the scariest things on the horizon.
https://internationalman.com/articles/doug-caseys-1-speculation-for-2023/
by Doug Casey
International Man: Will 2023 be the year of central bank digital currencies (CBDCs)? Or will this terrible idea be consigned to the dustbin of history?
Doug Casey: CBDCs are a disastrous idea. But that’s never stopped “the elite” in the past. First, they did zero interest rates and negative interest rates, which I thought was metaphysically impossible. But they did it. Then they went to massive “quantitative easing,” a dishonest euphemism for money printing.
The next thing is going to be Central Bank Digital Currencies (CBDCs), which will give them unprecedented control over the finances of the average person.
On the one hand, it should be cause for a revolution because it will actually turn people into serfs. But on the other hand, the average American has almost no understanding of economics. He has little grip on what’s going on and believes propaganda.
We’re going to get CBDCs in 2023, and this is one of the scariest things on the horizon.
International Man: Will 2023 be the year uranium really takes off?
Doug Casey: Let’s recall the last uranium boom, which we were fortunate enough to catch back in 2001 to 2007. Uranium ran from $10 a pound up to $140 a pound. And that was in the days when the Russians and the Americans still had large nuclear weapon stockpiles, from which they recaptured lots of U-235 for use in reactors. That’s gone.
The West has become anti-oil, natural gas, and coal. It’s idiotically relying on wind and solar, which are totally unsuitable for mass power generation for an industrial civilization. However, I think that notwithstanding the semi-religious antinuclear dogma of many in the West, there’s going to be a nuclear renaissance, out of pure necessity. Hopefully, using fourth and fifth-generation nuclear technologies.
At the moment, uranium is about $50. I don’t doubt that it’s going to go to $100 or $150 and will take uranium stocks up with it, as it did the last time. So I’m very bullish on uranium.
International Man: What other macroeconomic and geopolitical trends do you see unfolding?
Doug Casey: These are a number of geopolitical trends unfolding.
First, let’s discuss China, the world’s biggest country.
There’s turmoil in China now, with large Chinese cities having been locked down due to the Covid hysteria. Perhaps it’s mainly a cover for Mr. Xi to crush revolutionary elements. Who knows? But that’s just one thing that China’s facing.
Most of their banks are bankrupt. All the money that Mr. and Mrs. Wu deposited over the years is very much at risk. That’s because banks have lent that money for schemes like the Belt and Road initiative, for building giant cities in the middle of nowhere, for building questionable highways and rail lines, and all sorts of showy infrastructure. Like most government projects, it will turn out to be a waste of capital.
The money that the banks used to finance those things is never coming home. So when Mrs. Wu goes to withdraw her money, she’s not going to get it unless the government prints a giant amount of yuan. She’ll be very angry. At that point, we may find that China is not a cohesive whole. It’s really, six, seven, or eight separate countries and that are kept together in good measure by force.
My guess is when the going gets tough, China could break up, as it’s done numerous times in the past. Will it coalesce again? Who knows? And what will Mr. Xi do about it? At this point, he’s got a tiger by the tail.
What do you do if you’re an authoritarian dictator with unsound communistic instincts? He’s going to tend to use force and coercion to hold things together. He’s not going to liberalize more—the reason why China had its tremendous boom during the first 20 to 30 years after Deng took over in 1980.
President Xi, like other dictators or authoritarian types, is going to clamp down more, not liberalize.
It’s something the people who belong to the World Economic Forum will approve of. It was very successful from their point of view on the Covid front…
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Posted by M. C. on December 30, 2022
The history of the FBI provides the best guide to the abuses that may be now occurring. From 1956 to 1971, the FBI carried out “a secret war against those citizens it considers threats to the established order,” a 1976 Senate report noted. The FBI’s Operation COINTELPRO involved thousands of covert operations to incite street warfare between violent groups, to get people fired, to portray innocent people as government informants, to destroy activists’ marriages, and to cripple or destroy left-wing, black, communist, white racist, and anti-war organizations.
https://libertarianinstitute.org/articles/fbi-cointelpro-is-back-and-worse-than-ever/
by Jim Bovard

Elon Musk has opened the floodgates to expose the FBI’s latest war on Americans’ freedom of speech. The FBI massively intervened to pressure Twitter to suppress accounts and tweets from individuals the FBI disapproved of, including parody accounts. The FBI and other federal agencies also browbeat Facebook, Instagram, and many other social media companies.
Thus far, most of the American corporate media has ignored or downplayed the story, known as the Twitter Files. Since many of the individuals who the FBI got squelched were pro-Trump, the violation of their rights is a non-issue (or a cause for quiet celebration). At this point, it is difficult to know whether the scant reaction to the Twitter Files is the result of political bias, collective amnesia, or simply a total ignorance of American history.
The history of the FBI provides the best guide to the abuses that may be now occurring. From 1956 to 1971, the FBI carried out “a secret war against those citizens it considers threats to the established order,” a 1976 Senate report noted. The FBI’s Operation COINTELPRO involved thousands of covert operations to incite street warfare between violent groups, to get people fired, to portray innocent people as government informants, to destroy activists’ marriages, and to cripple or destroy left-wing, black, communist, white racist, and anti-war organizations. The FBI let no corner of American life escape its vigilance; it even worked to expose and discredit “communists who are secretly operating in legitimate organizations and employments, such as the Young Men’s Christian Association and Boy Scouts.”
While many people are aware of how the FBI hounded Martin Luther King Jr. and pressured him to commit suicide, that was not even the tip of the iceberg of the FBI’s racial persecution. Almost any black organization could be targeted for illegal wiretaps. One black leader was monitored largely because he had “recommended the possession of firearms by members for their self-protection.” At that time, some southern police departments and sheriffs were notorious for attacking blacks who stood up for their civil rights.
The FBI office in San Diego instigated violence between the local Black Panthers and a rival black organization, US (United Slaves Inc.). Agents sent forged letters making accusations and threats to the groups purportedly from their rivals, along with crude cartoons and drawings meant to enrage the recipients. Three Black Panthers and one member of the US were killed during the time the FBI was fanning the flames. A few days after shootings in which two Panthers were wounded and one was killed, and in which the US headquarters was bombed, the FBI office reported to headquarters: “Efforts are being made to determine how this situation can be capitalized upon for the benefit of the Counterintelligence Program.” The FBI office bragged shortly thereafter: “Shootings, beatings, and a high degree of unrest continues to prevail in the ghetto area of southeast San Diego…it is felt that a substantial amount of the unrest is directly attributable to this [FBI] program.”
The FBI set up a Ghetto Informant Program that continued after COINTELPRO and that had 7,402 informants, including proprietors of candy stores and barbershops, as of September 1972. The informants served as “listening posts” “to identify extremists passing through or locating in the ghetto area, to identify purveyors of extremist literature,” and to keep an eye on “Afro-American type bookstores” (including obtaining the names of the bookstore’s “clientele”). The informants’ reports were stockpiled in the FBI’s Racial Intelligence Unit. The FBI also created a national “Rabble Rouser” Index, a “major intelligence program…to identify ‘demagogues.’”
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