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Archive for the ‘Uncategorized’ Category
Did Biden Offer Saudis An Oil ‘Quid Pro Quo’ To Boost Dem Election Prospects?
Posted by M. C. on October 15, 2022
Posted in Uncategorized | Tagged: Biden, Dem Election, oil, Quid Pro Quo, Saudis | Leave a Comment »
Slow Train
Posted by M. C. on October 14, 2022
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Watch “Crack Up Boom? Has The Fed Lost Control Of Inflation?” on YouTube
Posted by M. C. on October 14, 2022
Markets always have the final say. They ultimately overrule the incessant schemes of politicians and central bankers. There are no man-made “policies” that have the capability of revoking economic laws. There are no shortcuts, loopholes, or free lunches. “Narratives” get squashed by the truth. Free Markets and Sound Money are the truth. We’d be wise to return to both of them.
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NOPEC Bill Won’t Bring Oil Prices Down
Posted by M. C. on October 14, 2022
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BY TYLER DURDEN
THURSDAY, OCT 13
Authored by James Durso via OilPrice.com,
“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.” OPEC+ then proceeded to approve production cuts of 2 million barrels per day,
https://www.zerohedge.com/geopolitical/nopec-bill-wont-bring-oil-prices-down
- Washington responded angrily to OPEC+’s decision to cut output.
- U.S. legislators have suggested the introduction of a bill called NOPEC in order to reduce OPEC’s power.
- NOPEC could send oil prices higher and end the dominance of the petrodollar.
“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.” OPEC+ then proceeded to approve production cuts of 2 million barrels per day, despite a full court press by the administration in the weeks leading up to the decision, and raised the price of oil for the U.S., lowered it for Europe, and left it unchanged for Asia. According to National Security Advisor Jake Sullivan, “the President is disappointed by the shortsighted decision by OPEC+ to cut production quotas” and “the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC+’s control over energy prices,” neglecting to mention that Biden administration decisions to cancel the Keystone XL pipeline and to stop issuing new oil and gas leases on public lands gave OPEC+ the upper hand.
Apparently, a fist bump only gets you so far.

There followed a lot of “how dare they!” by the great and good, but OPEC+ was having none of it. The day before the announcement, the Saudi energy minister dressed down a Reuters reporter for shoddy work by his colleague who claimed that Russia and Saudi Arabia (the Kingdom) conspired to price oil at $100 per barrel, and later explained OPEC+ was being proactive as the West is attacking inflation with higher interest rates which, in turn, may cause a recession and drive down oil demand (and price). Amin Nasser, Saudi Aramco’s chief executive officer, explained that the leading cause of today’s energy crisis is years of underinvestment in oil and gas production and that the situation will be worse when the global economy rebounds from the current slowdown.
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Posted in Uncategorized | Tagged: ARAMCO, fist bump, NOPEC, OPEC+ | Leave a Comment »
Can “One of the Most Brilliant Essays on Political Philosophy Ever Written” Save America?
Posted by M. C. on October 14, 2022
To Calhoun, as Wilson explains, nullification was an alternative to secession. Once again Calhoun’s motivation was to preserve the union, not destroy it as Lincoln did. The uneducated Lincoln cultists who revel in libeling Calhoun have their American history completely backwards.
In an essay entitled “A Strategy of the Right” Murray Rothbard called John C. Calhoun’s Disquisition on Government “one of the most brilliant essays on political philosophy ever written.” Rothbard considered Calhoun’s Disquisition to be a brilliant analysis of how the American political system could evolve into tyranny and how to stop that from happening –essential knowledge for today’s Americans who want to stop their country’s plunge into “woke” totalitarianism.Just in time, Clyde Wilson has published a new book on Calhoun, his life, and his ideas: Calhoun: A Statesman for the 21st Century.
A case can be made that the Disquisition is superior to anything the founding fathers wrote since Calhoun was deeply educated in those ideas with the advantage of living another quarter to a half century longer than the founders and observed how their ideas played out in reality. Wilson calls the book Calhoun’s “bequest to posterity” that predicted the “tendency of the United States toward a regime of bankers and imperial overreach.” Has there ever been a more accurate political prediction?
When I wrote on this Web site some years ago that “the purpose of government is for those who run it to plunder those who do not,” I was probably inspired to do so, without realizing it at the time, by reading at some point of my career such passages from Calhoun’s as this one, quoted by Wilson: “[T]he powers vested in [government agents] to prevent injustice and oppression on the part of others, will, if left unguarded, be by them converted into instruments to oppress the rest of the community.” This type of oppression came to a head during Donald Trump’s inaugural address where he said, surrounded by the entire Washington establishment, that they had done very, very well for themselves through government, but at the expense of the people – especially the tens of millions who had voted for him. That was the spark that ignited the never-ending orgy of hatred, conspiracy, defamation, and government thuggery aimed at Trump, his family, and his advisors and supporters. Such talk is never supposed to take place, especially during an inauguration ceremony.
Calhoun came from a family of what libertarians would call homesteaders. They settled in the South Carolina upcountry before the Revolution and, like the residents of all the other colonies, considered their state to be sovereign and independent, every bit as sovereign and independent as Spain, France, or England. The American Revolution, writes Wilson, was not a revolution against society but “the action of the existing societies of the 13 colonies to preserve themselves against the interference of a distant government.” He quotes Madison as pointing out that the Constitution drew its authority “only” from the ratification by the states, which were sovereign, and that ratification “could be revoked [by any state] when its purpose was perverted.” Unless of course you buy into Lincoln’s historically false theory that “the consent of the governed is something that can only be used once, like a bus ticket.” This was the position of Lincoln, says Wilson, and of “all who have followed after him.” Murray Rothbard once mocked this theory of the founding as the creation of a “one-way venus flytrap” from which there could never be any escape. The founders would hardly have fought a bloody revolution against such a system and then turned around and created the exact same thing, but that was Lincoln’s theory that he used to “justifiy” waging total war for four years on his own country.
The result of Lincoln’s nationalist revolution is that “today the United States is a “regime of Bankers, Bombers, and Busybodies. All three are deadly enemies to the preservation of building of any civilized community . . .”, writes Wilson. Millions of Americans “assume it is their right to force other people to obey their notions of doing good” – or else. Elsewhere Wilson has referred to this phenomenon as “the Yankee problem in America” and points to Hillary Clinton as a “museum-quality specimen of a Yankee.” Calhoun warned against such folly by reminding his readers that the government is NOT “us,” the opposite of what American school children have been taught in the government-run schools for generations.
To Calhoun, almost all political and policy issues referred back to the divide between Hamilton, the advocate of centralization, empire, government patronage, protectionism, tax-funded corporate welfare, and a government-run banking monopoly, and Jefferson’s “empire of liberty” that rejected all of that.
The uneducated have smeared Calhoun for supporting a tariff increase early in his career and then opposing the hated Tariff of Abominations of 1828. Wilson—the editor of The Collected Works of John C. Calhoun — explains that what motivated Calhoun to support the earlier tariff increase was his desire to hold the union together. New England was disproportionately harmed economically by the trade embargo enforced by Jefferson and Madison (as an alternative to another war with England), and threatened secession over it. Calhoun’s support of the tariff was aimed at quelling such sentiments for the sake of keeping the union together.
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Posted in Uncategorized | Tagged: Disquisition on Government, John C. Calhoun | Leave a Comment »
The Biden Admin Reveals Its New National Security Strategy: Climate Change, Diversity, Equity and Inclusion
Posted by M. C. on October 14, 2022
The inmates have taken over the ideological asylum.

The Biden Administration released its first National Security Strategy (NSS) document Wednesday, and it is exponentially more unhinged than any of its predecessors. The NSS was once understood as a serious document compiling a list of *actual* threats to the nation. It now resembles a hyper-political Blue Anon fundraising mailer.
Most of the items discussed in the supposed threat assessment have nothing to do with national security at all. And the things that are related to national security matters have major prioritization and politicization issues.
Biden Harris Administrations National Security Strategy 10
562KB ∙ PDF File
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Prior to launching The Dossier, your humble correspondent was a somewhat seasoned national security correspondent. As a periodic consumer of these strategy documents, I can assure you that not even the Obama Administration inserted its political agenda as aggressively as the Biden regime is choosing to do this year.
A simple word search gives the reader a sense of the White House’s priorities.
Russia takes top billing. It is referred to 71 times, in the most hysterical way imaginable. According to Team Biden, Putin is a war criminal, whose armies entered Ukraine for no reason whatsoever other than to impose carnage upon Volodymyr Zelenskyy. Speaking of Ukraine, the memo discusses Ukraine 33 times.
China, on the other hand, only gets 14 mentions, and the CCP is likened to a friendly competitor, like a mere player on the other side of a chess game. Here’s a graph from the China section:
“While we have profound differences with the Chinese Communist Party and the Chinese Government, those differences are between governments and systems – not between our people. Ties of family and friendship continue to connect the American and the Chinese people. We deeply respect their achievements, their history, and their culture. Racism and hate have no place in a nation built by generations of immigrants to fulfill the promise of opportunity for all. And we intend to work together to solve issues that matter most to the people of both countries.”
Other than Putin, the number one “national security” priority of this administration is Climate Change, which is referenced 63 times in the National Security Strategy. Moreover, the importance of the energy “transition” away from reliable energy resources is referred to 11 times in the document.
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Posted in Uncategorized | Tagged: Biden Admin, Climate Change, diversity, equity, Inclusion, national security | 3 Comments »
The most important lesson of the Cuban Missile Crisis
Posted by M. C. on October 14, 2022
The carefully concealed truth did not emerge for more than a decade. Kennedy, it turns out, had made a secret deal with Khrushchev. He promised to remove US nuclear missiles from Turkey in exchange for the Soviet removal of missiles from Cuba. So the crisis was ended not by threats of force, as Rusk suggested, but by the precise opposite: diplomatic compromise.
https://archive.ph/G8aO6#selection-1755.0-1755.363
By Stephen Kinzer Contributor,
It’s been 60 years since our last brush with nuclear suicide. Humanity barely survived that encounter in 1962, known to history as the Cuban Missile Crisis. Never since then has nuclear apocalypse been as close as it is today. Take it from President Biden.
“We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis,” Biden told a California audience a few days ago. His aides, The New York Times reported, have been studying the secret deal that averted catastrophe 60 years ago and “debating whether there might be an analogous understanding” to end the Ukraine war. The central lesson of the Cuban Missile Crisis provides our only extant guide to defusing a nuclear crisis.
A generation of American politicians and strategic thinkers misunderstood this lesson. They may be forgiven, because our government covered up the real story for years. Americans were told that the missile crisis taught one lesson. Later we discovered that it taught the exact opposite.
The missile crisis seized the world’s attention in October 1962. President John F. Kennedy announced that the United States had discovered Soviet nuclear missiles in Cuba “capable of striking Washington.” He demanded that the Soviet leader, Nikita Khrushchev, remove them. That led to the most crucial long-distance negotiation in human history.
All of Kennedy’s military advisers urged him to order massive bombing of Cuba. “The operation is fairly simple, it could be accomplished in a few minutes,” General Curtis LeMay assured him. “We see no problem with this.”
Kennedy did. He worried that subduing Cuba would require not just bombing but a full-fledged invasion, to which Moscow might respond with devastating force. His speech to the nation on Oct. 22, 1962, was delicately balanced. He repeated his demand that the Soviets remove their missiles from Cuba but said the United States would act with “patience and restraint” and not “prematurely or unnecessarily risk the costs of nuclear war in which even the fruits of victory would be ashes in our mouth.”
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Gotta Serve Somebody
Posted by M. C. on October 13, 2022
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Can Elon Musk Stop World War III?
Posted by M. C. on October 13, 2022
There are a lot of people in the chattering classes demanding for more military assistance, more sanctions, and more threats who have never carried a weapon in their lives.
Speaking as someone who has worn the uniform of my country on a foreign battlefield, who has fought under the American flag, don’t let my brothers and sisters do the same in another conflict that isn’t worth their lives.
by Dan McKnight
https://libertarianinstitute.org/articles/can-elon-musk-stop-world-war-iii/
Elon Musk is a remarkable figure. We’re still waiting to see whether his purchase of Twitter will go through, and if the censorship and artificial suppression of the America First movement will stop under his management of the company.
I’m hopeful though; Musk appears to be giving more consideration to foreign policy, and with a businessman’s mind for efficiency is cutting through the media’s propaganda.
Last week he sent this tweet, asking his Twitter followers if they thought this would be an equitable solution to the Russia-Ukraine War.

- Buffer
It gives priority to self-determination of local populations, and would place Ukraine as a permanently neutral power between Russia and the NATO alliance (similar to Austria during the Cold War).
2.75 million people responded, and whether through automated bots or too many people duped by DC, his proposal was rejected 59% to 41%.
Musk himself appeared confused by the results, and did a follow up poll simply asking whether the residents of Crimea and the Donbas ought to decide for themselves whether to be a part of Russia or Ukraine.
The reverse happened: 59% said yes, 41% said no.
In reality, Musk’s proposal would be a reasonable, diplomatic settlement to end the war. And it almost did.
Even Fiona Hill, the State Department bureaucrat who worked to impeach President Trump, admitted as much.
Last month, writing in Foreign Affairs, she said:
According to multiple former senior U.S. officials we spoke with, in April 2022, Russian and Ukrainian negotiators appeared to have tentatively agreed on the outlines of a negotiated interim settlement: Russia would withdraw to its position on February 23, when it controlled part of the Donbas region and all of Crimea, and in exchange, Ukraine would promise not to seek NATO membership and instead receive security guarantees from a number of countries.
The same parameters that Elon Musk thought were so obvious! So why didn’t this terrible war end in April?
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Ben Bernanke’s Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started
Posted by M. C. on October 13, 2022
Their work is highly suspect from the view of economic theory and is derived from the point of view of history and the social sciences. They neglect the overall situation they are trying to explain, the role of institutions, and the basics of government intervention. For example, Bernanke’s work does not explain why the “situation” occurred in the first place, what the government did from the outset, or how it could be prevented in the future, except for ever-increasing government and Fed intervention.
Along with Douglas Diamond and Philip Dybvig, Ben Bernanke was awarded the Nobel Prize in Economics today. The three have written extensively on the need to bail out the banks in times when the economy is in corrective mode, generally after a long period of monetary injections. Bernanke was Chairman of the Federal Reserve when he pushed for the latest round of bank bailouts in 2007-2009.
Bernanke’s research concentrated on the Great Depression and argued that the banks needed to be bailed out in the 1930s in response to the collapse of the stock market and the severe correction in the US economy. Diamond and Dybvig have also written on the implications of bank failures on the US economy. All three have latched onto the idea that banks take in deposits which are redeemable short term, but they make loans that are longer term and are thus susceptible to bank runs.
Their work is highly suspect from the view of economic theory and is derived from the point of view of history and the social sciences. They neglect the overall situation they are trying to explain, the role of institutions, and the basics of government intervention. For example, Bernanke’s work does not explain why the “situation” occurred in the first place, what the government did from the outset, or how it could be prevented in the future, except for ever-increasing government and Fed intervention.
Their research amounts to little more than an excuse to bail out the banks. Therefore, if you are a member of the privileged financial elites, the Housing Bubble and the ensuing Financial Crisis was an unmixed blessing. You made big money all throughout the housing and stock market bubbles and then your banks received several bailouts and special privileges during the bust, including borrowing at zero interest rates on loans, capital infusions, Quantitative Easing 1 & 2, and interest payments on “excess reserves.”
Of course, most importantly, you had your man in charge of the Federal Reserve, the man who literally “wrote the book” and dissertation, on how the Fed must bailout the banks in times of economic trouble. No matter how badly everyone else fared, you could depend on Bernanke to bailout the banks, whatever the costs to others.
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Posted in Uncategorized | Tagged: Arsonist, Ben Bernanke, Nobel Prize | 2 Comments »

