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The All-Important Doorman

Posted by M. C. on October 18, 2022

The US is run as a corporatist body – joint rule by big business and the state. The elected members are, like doormen, temporary. They are, of course, highly visible, which they’re intended to be, as they’re meant to distract the public eye away from those who are truly in charge.

And, like doormen, they’re disposable. They can be unelected at four-year intervals and the agenda continues as planned. They are, in fact, largely irrelevant to the direction that the country takes.

The president in particular falls into this category.

by Jeff Thomas

Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the sidewalk. The tribesman sees the gold braiding and brass buttons of his coat and immediately decides that this is a very important person. Again he looks up at the building and says to the doorman, “This is a very great home you have. You must be very important indeed.”

Of course, if we were present, we might chuckle at the tribesman’s naiveté. The owners of such a great building would never greet people at the entrance. They leave such trivial tasks to hired servants, whilst they run the real business without ever needing any direct contact with visitors as they enter the building. And, in addition, doormen come and go – they are, after all, disposable. The owners – those who control what happens in the building – retain their positions over the long term… and may remain anonymous, if they so choose.

We find this simple concept easy enough to understand, and yet we chronically have difficulty in understanding that, in most countries, the president, or prime minister, is not by any means the man who makes the big decisions in the running of the country.

We assume that, because we were allowed to vote for our leader, he must actually be our leader. But, as Mark Twain has at times been credited as saying, “If voting made any difference, they wouldn’t let us do it.”

Similarly, the man whose family took over the financing of Europe, Meyer Rothschild, said, “Permit me to issue and control the money of a nation and I care not who makes its laws.” His family has been calling the shots for centuries, but like the owners of the apartment building, they keep a low profile.

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Dems Move To Transfer Air Defense Systems From Saudis To Ukraine As Punishment

Posted by M. C. on October 17, 2022

After 9/11 these clowns still think SA is our friend. They probably still think Iraq did it.

Now Ukraine is our “friend”. The Middle East doesn’t need a defense industry, they have US (taxpayers).

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/geopolitical/dems-move-transfer-air-defense-systems-saudis-ukraine-punishment

A group of leading Congressional Democrats are seeking to punish longtime US ally Saudi Arabia for the latest “shock” oil output cuts recently announced by OPEC, which was taken by the Biden administration as a direct slap in the face and shot across the bow.

Senator Chris Murphy and Rep. Ro Khanna are leading the charge to get advanced anti-air missile systems which the Pentagon has stationed in Saudi Arabia removed and transferred to Ukraine. The systems were sent there over the past several years following an uptick in missile and drone attacks by Yemeni Houthi rebel attacks on Saudi cities and energy infrastructure coming from the south.

Sen. Chris Murphy via ABC News

Murphy announced in a Thursday statement, “For several years, the US military has deployed Patriot missile defense batteries to Saudi Arabia to help defend oil infrastructure against missile and drone attacks. These advanced air and missile defense systems should be re-deployed to bolster the defenses of eastern flank NATO allies like Poland and Romania — or transferred to our Ukrainian partners.”

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Watch “Your money has been WEAPONIZED” on YouTube

Posted by M. C. on October 17, 2022

Misinformation!!! I wonder if the government uses PayPal.

https://youtu.be/CBrX377jgr8

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Federal Regulatory Corruption

Posted by M. C. on October 17, 2022

By Jacob G. Hornberger

The Future of Freedom Foundation

And now, thanks to an article that just appeared in the Wall Street Journal, we learn that large numbers of federal bureaucrats are adding to their income by investing in companies that their agencies regulate. How’s that for a very severe case of federal corruption? Why do the name Martha Stewart and the term “hypocrisy” come to mind? 

The free market system — that is, a system free of government control and regulation — was considered to be too dangerous for American child-adults. Federal regulators would keep them safe and secure. 

When America’s free-market system got converted to a welfare-state, regulated-economy system, the idea was that the federal government would operate as a parent taking care of his adult-children. The free market system — that is, a system free of government control and regulation — was considered to be too dangerous for American child-adults. Federal regulators would keep them safe and secure. 

Needless to say, these federal regulators aren’t willing to work for free. They demand and receive very generous salaries, all of which are paid out of income taxes that are forcibly collected from the American people by the IRS, one of the most feared and powerful agencies in U.S. history. 

And now, thanks to an article that just appeared in the Wall Street Journal, we learn that large numbers of federal bureaucrats are adding to their income by investing in companies that their agencies regulate. How’s that for a very severe case of federal corruption? Why do the name Martha Stewart and the term “hypocrisy” come to mind? 

According to the Journal’s article, which is entitled “Federal Officials Trade Stock in Companies Their Agencies Oversee,” “Hidden records show thousands of senior executive branch employees owned shares of companies whose fates were directly affected by their employers’ actions, a Wall Street Journal investigation found.” The article states:

More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies. That amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the Journal.

So, not only are these regulatory bureaucrats eating out our substance with their tens of thousands of rules and regulations and taxation, they are also financially profiting from their regulatory corruption. 

According to the Journal, 

A top official at the Environmental Protection Agency reported purchases of oil and gas stocks. The Food and Drug Administration improperly let an official own dozens of food and drug stocks on its no-buy list. A Defense Department official bought stock in a defense company five times before it won new business from the Pentagon.

Our American ancestors would never have put up with this type of thing, which is precisely why they didn’t permit income taxation or a regulated economy for more than 100 years. 

Why do Americans today put up with it? At the very least, today’s child-adults, who are characterized by passivity, submissiveness, deferential mindsets, and welfare-dole dependency, should file a complaint with Child Services for child-adult abuse at the hands of their federal daddy.

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What the Worst Economic Predictions in History Can Teach Us about Economics

Posted by M. C. on October 17, 2022

Can economists predict the future? Hardly.

https://fee.org/articles/what-the-worst-economic-predictions-in-history-can-teach-us-about-economics/

Walter Block
Walter Block

Economists predict the future course of economic events to show we have a sense of humor. If we could do so accurately, we’d all be very rich, and we’re not; we’re comfortable, but not fantastically rich (except in our enjoyment of the dismal science).

Why can’t we predict the future? Because the world is a complicated place, and millions of things are occurring at once. For example, we know that if nothing else changes, and the government increases the money supply, price rises will be the inevitable result. But we can never rely upon the ceteris paribus (all else equal) assumption that this will be the only alteration in the economy. People might stop buying as much as before, saving for a rainy day. If so, the tendency for more money chasing the same amount of goods and services to instill price rises will be somewhat ameliorated.

By how much? That all depends upon the rate of decrease in buying, and we have no crystal ball on that one. We can’t even determine if the Fed or the central bank will increase the stock of money in circulation. The future course of inflation depends upon what side of the bed Fed officials get out of, and we have no idea about that either. Quite possibly, they themselves don’t know. We are fortunate to have economic law, but that only takes us so far.

Consider another example. Economic law tells us that an increase of the level at which the minimum wage is pegged will increase unemployment of low skilled workers, provided that nothing else changes. But things are forever changing. It is quite possible that as the minimum wage rises, an innovation will come along that increases the productivity of unskilled workers. If so, if this force is powerful enough, and if the rise in the level mandated by law is modest, there might not be a single solitary laborer who becomes jobless as a result of the higher minimum wage.

At this point, I must confess, I am giving an Austrian economic perspective on this matter. Mainstream economists would not agree.

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Vukovar

Posted by M. C. on October 17, 2022

Enter the demon

By Daniel McAdams

This is Your World

The Serbs and Croats could have had their bitch-fit and realized that as much as they hate each other they can still be trading partners. But Langley had other plans: impoverish them all and kill the best of them. Yeah they were so dumb, but no dumber than the highest “educated” American who watches any of the television or cable networks.

https://danielmcadams.substack.com/p/vukovar

We are in Vinkovci in a cab arranged from Osijek, from where the Habsburg world still dominated the architecture, the pulse, the very DNA of the city. The old Hungarian city of Eszék, some would argue and I would agree. Before the demons who arranged so-called World War I exploded the peaceful world of European monarchies in the name of the demon democracy, where two people can vote to slit your throat.

Oh it was not perfect, they claimed. So then they went on to murder millions and install the brutalism, the “democracy,” that continues to this day with absolute ciphers like Ursula von der Leyen, who would not have been fit to pull the burr from HRH Charles’ sandal. A woman astonishingly devoid of any sentience. Not even worthy of contempt. Merkel was a monster, but would could have imagined – at a time like this – that apres soi le deluge?

_____

We are in Vinkovci in a cab arranged from Osijek going to Vukovar. It is 1998. Earlier I am with Maarten in Osijek in the main square in the morning. Maarten did not like to get up early, as he, an Oxford PhD in modern history/philosophy, preferred to begin his day in the main square of Osijek barely before noon with endless cigarettes and espressos.

There was no rush, as he smoked his cigarettes with bleary red eyes and espressos. He had his notes and even in his desperate state he knew the plan for the day.

The evening before, we were dining al fresco near the Great Cathedral when suddenly a wedding party exploded from the church, flush with Croatian flags and a strong sense of national identity. Extremely Catholic, even as a political signature. Such a boy and beautiful woman. Croatia as a Catholic and nationalistic state had emerged from the ruins of Yugoslavia and if in a pure and platonic form we believe in secession it was a good thing. But of course it was all fake and contrived.

_____

Nationalism is a funny thing as Yugoslavia imploded, as it was a main tool of the US regime-change empire to destruct – and deconstruct – a multi-cultural, multi-confessional entity in the heart of Europe that could have posed a huge challenge to US/NATO plans to subjugate the former Soviet-sympathetic world into the new US satellite world.

The plan for the US to become the new USSR.

There was no NATO-expansion with a pan-slav identity. Hundreds of millions of well-placed dollars solved that. Whores for Moscow happily became whores for DC. Easy money. The worst communists became the best “democrats” because the systems were identical: fund the elites and suppress any opposition. The whores or their protegees still govern Serbia, Montenegro, Macedonia, etc.

_____

Ironically the multi-confessional Yugoslavia was held together by the strength of one of history’s unsung geniuses – Tito – (regardless of whether he was a force for good or evil), who somehow was able to carve out of nothing a sense of South Slav identity that was neither Soviet nor Langley. A convenient thorn in then-Moscow’s side…

Divide and conquer was not invented by President Clinton and his murderous neocons. Yet what could have been a normal “secession” according to confessional and even political lines, with an eye to cooperation heeding regional realities, was coaxed by the Strobe Talbot monsters of the day to benefit from the carpet bombing – metaphorically and physically – of the last pan-slav entity.

[Arab unity had long been blown up in service of the US empire – and, ahem – BTW]

Again back to normal secession, which is healthy. The Serbs and Croats could have had their bitch-fit and realized that as much as they hate each other they can still be trading partners. But Langley had other plans: impoverish them all and kill the best of them. Yeah they were so dumb, but no dumber than the highest “educated” American who watches any of the television or cable networks.

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TGIF: Governments Create Problems; Markets Fix Them

Posted by M. C. on October 17, 2022

Notice that bureaucratic failures are routinely portrayed as market failures (most people’s economic ignorance leaves them gullible) and are used to justify even more government: larger budgets, bigger staff, and wider powers. If (alleged) market failures require more government, as some people believe, how can government failures require, not more markets, but more government?

https://libertarianinstitute.org/articles/tgif-governments-create-problems-markets-fix-them/

by Sheldon Richman

market

My article “Complete Liberalism” prompted an unexpected challenge. An interlocutor, who says he owns a business and thus is not antibusiness, claimed that my article suggested that, unlike government regulators, businesses never get things wrong. Yet business failures outnumber successes 10,000 to one, this person said, for all kinds of reasons, both innocent and malign, including a desire to pull the wool over consumers’ eyes for as long as possible.

The problem with the comment is that my article never claimed that business people always get it right or are always virtuous. I’ve pointed out repeatedly that the best economists — especially the Austrian economists — never ignore the inherent existence of error in describing how markets work. And libertarian writers have never suggested that business owners cannot have bad intentions, which are magnified by access to state power. Quite the contrary! What these thinkers have emphasized are the systematic incentives and disincentives produced by free competition that reward pro-consumer performance and penalize incompetence and malevolence. Think of all the libertarian criticism of the malignant relationship between business and government. Now think of Ayn Rand’s businessmen-villains in Atlas Shrugged.

One need only read the accessible writings of Ludwig von Mises (“Profit and Loss,” Bureaucracy), F. A. Hayek (“The Use of Knowledge in Society,” “Competition as a Discovery Process”), or Israel Kirzner (“Economics and Error”) to see that the plague of uncertainty, error, and incomplete and dispersed knowledge figures heavily in good economic analysis. The question they sought to answer is: how can people coordinate their productive social cooperation in the face of such ignorance? Individual freedom produces the only answer for a great society: prices.

In fact, if it weren’t for imperfect knowledge, free markets would be unnecessary and profit and loss would disappear. Mises wrote:

If all people were to anticipate correctly the future state of the market, the entrepreneurs would neither earn any profits nor suffer any losses…. What makes profit emerge is the fact that the entrepreneur who judges the future prices of the products more correctly than other people do buys some or all of the factors of production at prices which, seen from the point of view of the future state of the market, are too low….

On the other hand, the entrepreneur who misjudges the future prices of the products allows for the factors of production prices which, seen from the point of view of the future state of the market, are too high. His total costs of production exceed the prices at which he can sell the product. This difference is entrepreneurial loss.

It’s hard to believe that an economist who writes about entrepreneurs with correct or incorrect judgments about the future could have thought that business owners were infallible. Economic analysis, after all, is supposed to be about real human beings who, whether they are acting as producers or consumers, are fallible.

The free-market position is that free and competitive markets are not perfect but better than government bureaucracies at detecting and correcting errors about what consumers will want and what they will be willing to pay. That’s what counts, isn’t it?

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Gonna Change My Way of Thinking

Posted by M. C. on October 16, 2022

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Talking About Stoicism 196 Dealing with Change

Posted by M. C. on October 15, 2022

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BEWARE Even The Mention of Price Controls

Posted by M. C. on October 15, 2022

https://rumble.com/v1nzgkm-beware-even-the-mention-of-price-controls.html

The Ron Paul Liberty Report

Chris Rosini

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