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Government Has No Rights – LewRockwell

Posted by M. C. on February 7, 2020

These so-called laws are not meant to make a better or safer environment, but strictly meant to control the population at large. The people have been easily fooled into believing that the state is a god that must exist so that order can be maintained. So why is there no order?

Consider the average American today. He believes it is bad not to have his earnings stolen by the gang of thieves at the IRS. He thinks that it is okay that he must pay for a government permission slip in order to drive, or to improve his own house, or to open his own business, or to sell lemonade to his neighbor. He thinks it is okay to be strip-searched and radiated every time he boards a plane.

https://www.lewrockwell.com/2020/02/gary-d-barnett/government-has-no-rights/

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“Government is a disease masquerading as its own cure.” ~ Robert LeFevre — Notes: Financial Sense

The government and the state are synonymous terms to be sure, and both create and perpetuate evil by claiming to hold power that does not exist. Government has no rights whatsoever, but claims power over others as if it had the right to do so. Only the individual has rights, and therefore all government is illegitimate.

As Benjamin Tucker so eloquently stated:

If the individual has a right to govern himself, all external government is tyranny. Hence the necessity of abolishing the State. ~ Benjamin Ricketson Tucker (1972). “State Socialism and Anarchism and Other Essays”, Ralph Myles Pub

In today’s world, the “laws” set forth by governments are considered by most of the common masses as rules that must be obeyed. If they were thinking properly, they would ignore all government laws, and call them what they are; demands enforced by the ruling class by open and aggressive force. These so-called laws are not meant to make a better or safer environment, but strictly meant to control the population at large. The people have been easily fooled into believing that the state is a god that must exist so that order can be maintained. So why is there no order?

There are constant shootings, murder, theft, extortion, beatings, incarceration, and unfounded wars, with most all of these atrocities committed by the very government making the “laws.” This is why government should be ignored. It has nothing, it produces nothing, and it is nothing. Government is simply a name attached to a false entity that has no right to exist, and can only survive by the use of force in order to uphold its mandates. If enough of the population decided to ignore the government and its laws, it would simply wither away and die. If one individual attempts this, he will be jailed or shot, but if a large number of people decided not to comply with any laws, and decided not to pay the state’s taxes, the government could be crippled quickly and brought to submission.

Government is really nothing, and is only able to continue its assault on liberty due to the people allowing it to do so. Government claims a right to rule, but it has no such right. These are just people, the absolute lowest form of people, that make up a gang of thieves and murderers that have been able to fool the public into believing that state rule is legitimate. The notion of state authority is ludicrous on its face, as it consists of just a tiny sampling of miscreants that rule by fear and propaganda, but there is nothing to fear except the insane idea of government. By denouncing government, by ignoring government, and by defunding government, it will cease to exist, all without violence. All that is required in order to affect the government’s demise are large numbers of people around this country willing to oust the bastards by starving them to death. There are only a few cowards in government, and over 300 million of us. We have the upper hand.

How did government become so intrusive and invasive? How did government come to claim authority over all? How did government build a massive murdering class of enforcers to not only tame the pathetic citizenry, but to lay siege to much of the rest of the world as well? And how does this government continue its reign of terror against us all?

This began with what is considered by the enslaved sheep as its bible, the irrelevant United States Constitution. The same type of politicians that exist today secretly drafted the Constitution over two centuries ago, and used it to create a central governing authority giving the false impression of rule by the people when none was meant to exist. A coup of this magnitude while genius was nothing less than an act of treason. The only reason this coup was successful was because the people were fooled into believing that they controlled the politicians, when in fact, these trimmers sought just the opposite. To this day, most still accept the lie that they are in charge of this corrupt government. Blind ignorance at this level is what the politicians count on in order to retain power and control.

Consider the average American today. He believes it is bad not to have his earnings stolen by the gang of thieves at the IRS. He thinks that it is okay that he must pay for a government permission slip in order to drive, or to improve his own house, or to open his own business, or to sell lemonade to his neighbor. He thinks it is okay to be strip-searched and radiated every time he boards a plane. He thinks it is okay for his neighbor to be thrown in prison for smoking a plant in his home. He thinks it is okay that the money stolen from him by government is used to kill and maim innocent men, women, and children around the world, and actually applauds those that do the killing. He thinks he is free because he can, along with 100 million others, pull a lever for a pre-chosen sociopathic megalomaniac once every four years. He believes that waving a flag and saying God is on our side makes him a patriot. He thinks that all children should be forced to receive poisonous vaccinations on demand. And he believes that openly stealing from his neighbors by using government mobsters and their murderous agents relieves him from responsibility for that theft. Is it any wonder that America is now the land of the enslaved instead of the land of the free?

Americans have become victims of the government because they voluntarily allow government to exist. They allow government to steal, to administer violence, to war and murder, to cage citizens for victimless crimes, and they allow that same government to spy and monitor their activities. The government calls this taxation, law enforcement, national defense, and spreading democracy. These are all lies because government has no right to do any of these things. If a normal human has no right to do it, then neither does the state.

It is time to take all authority away from this evil government. Once people realize that government is illegitimate, and stop believing that they are obligated in any way to bow down to this monster, the solution is clear. There are hundreds of millions of us and a handful of them. Stop obeying, stop paying the extortion called tax, stop voting, ignore the state, and starve it to death.

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Rutan Rules – LewRockwell

Posted by M. C. on February 7, 2020

Sometime during the late 1990s I saw a presentation by the entrepreneur and aircraft designer Burt Rutan. My brother is a pilot and confirms that he is a legend in aviation circles. Rutan is most famous to the general public for the design of the Voyager, which in 1986 was the first plane to fly around the world without stopping or refueling…

Perhaps Mr. Cowen can explain why we have to rely on Russia to ferry US astronauts back and forth to the ISS.

Dick Rutan, Burt’s brother, piloted the voyager. I listened to his biography on NPR many years ago. He spoke of another government agency and how they ran the airwar in Vietnam.

https://www.lewrockwell.com/2020/02/ira-katz/rutan-rules/

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The recent article by Joseph Salerno on the “libertarian” academic star Tyler Cowen, and especially Peter Klein’s comments regarding Cowen’s opinion of NASA, have awakened in me recollections on Cowen and NASA that I will explain below.

It was almost 30 years ago that I met Tyler Cowen at the 1990 General Meeting of The Mont Pelerin Society (MPS) held in Munich. The MPS was founded by Friederich Hayek after WWII to bring together those intellectuals who still believed in free societies as the rest of the world followed a socialist path. Robert Higgs wrote about the founding, history, and influence of the MPS here.  You can see Cowen on the list of participants, that I highlighted as I met people there. This was my first and only economic/social science meeting I ever attended and my first visit to Europe.



What I vaguely remember was an enjoyable conversation with a very bright and very nice person. I should add that everyone I met there was very bright and very nice to me.  I don’t recall how he looked, and his appearance now does not seem at all like the person I had talked to. This lack of impact on me is not because of Cowen, but totally due to my poor memory and perhaps the related effects of jet lag and open bars at the MPS events.

In the years following the meeting I did follow some of the intellectuals I had met there (I shook hands with Milton Friedman) including one couple who became close friends. But as for Cowen, I don’t remember much. Perhaps only an article by David Gordon in 2013 that gave this background on Cowen’s career in his description of Walter Grinder, who was working from the Koch-dominated Institute for Humane Studies, to promote a “Rothbardianism with manners.”

His new policy took over an idea from Friedrich Hayek’s famous essay, “The Intellectuals and Socialism,” though I doubt that Hayek would have endorsed the IHS application of his ideas. Hayek stressed that new social movements first gain adherents among top-ranking theorists. The majority of intellectuals, the “second-hand dealers in ideas,” then popularize and simplify what they have learned from these thinkers, passing the product on to the general public. Grinder and others in leadership posts at IHS concluded that they should concentrate on elite universities such as Harvard, Yale, and Princeton in the United States, and Oxford and Cambridge in England. If students could be recruited from these universities or, if already sympathetic, admitted to their programs, success was at hand.

Grinder placed particular emphasis on Tyler Cowen, a brilliant student who had been interested in Austrian economics since his high school days. Cowen enrolled in an Austrian economics program at Rutgers, where he impressed both Joe Salerno and Richard Fink with his extraordinary erudition. When Fink moved to George Mason University, Cowen moved with him; and he completed his undergraduate degree there in 1983. Grinder considered him the next Hayek, the hope of Austrian economics.

In accord with the elite universities policy, Cowen went to Harvard for his graduate degree. There he came under the influence of Thomas Schelling and gave up his belief in Austrian economics.

After he finished his PhD in 1987, Cowen was for a time a professor at the University of California at Irvine, and he used to visit me sometimes in Los Angeles. I was impressed with his remarkable intelligence and enjoyed talking with him. But I remember how surprised I was one day when he told me that he did not regard Ludwig von Mises very highly. Here he fitted in all-too-well with another policy of Richard Fink and the Kochtopus leadership. They regarded Mises as a controversial figure: his “extremism” would interfere with the mission of arousing mainstream interest in the Austrian School. Accordingly, Hayek should be stressed and Mises downplayed. (After the collapse of the Soviet Union, which led to new interest in Mises’s socialist calculation argument, this policy changed. The mainstream, though of course continuing to reject Mises, now recognized him as a great economist.) The policy was strategic, but Cowen went further — he really didn’t rate Mises highly.

Cowen eventually returned to George Mason University as a Professor of Economics. He is said to be the dominant figure in the department. Because of his close friendship with Richard Fink, who left academic work to become a major executive with Koch Industries and the principal disburser of Koch Foundation funding, Cowen exerts a major influence on grants to his department.

In his article, Klein related a conversation he had had with Cowen about NASA.

This is actually Cowen’s long-held view. You may remember his 2014 article “The Lack of  Major Wars May Be Hurting Economic Growth,” which echoed the Mariana Mazzucato position that government spending is the main source of technological progress. I remember a friendly argument with Cowen some twenty years ago about NASA, which he insisted was an example of benevolent government intervention. I brought up the standard counter arguments—theoretical (how do you measure benefits and costs, including opportunity costs?), empirical (lots of case study evidence suggesting widespread waste, fraud, and long-term negative effects on the direction of science and technology), and deontological (is it okay to coerce people to support transfer payments that they see as against their self interest?). He wasn’t buying it. Space exploration is just so cool that the usual arguments don’t apply.

I recently listened to Cowen do an interview with Eric Weinstein on his Portal podcast.

Cowen has a very irritable monotone voice, almost as if it was computer generated.  I couldn’t take all 138 minutes but I did catch his pleading against conspiracies in general and the Epstein case in particular (about 33) that substantiate Klein’s description of his debate style of responding to a plethora of evidence simply by not buying it.

Sometime during the late 1990s I saw a presentation by the entrepreneur and aircraft designer Burt Rutan. My brother is a pilot and confirms that he is a legend in aviation circles. Rutan is most famous to the general public for the design of the Voyager, which in 1986 was the first plane to fly around the world without stopping or refueling and his suborbital spaceplane design, SpaceShipOne, that won the Ansari X-Prize for the first private organization to launch a reusable manned spacecraft into space twice within two weeks. If there were ever a film biography of Rutan, John Wayne would have been perfect to portray this larger than life figure. In the presentation I saw he provided great experiential evidence that eviscerated the role of NASA in the development of space flight, or rather the nondevelopment, from a quasi-libertarian standpoint. He compared the explosion of innovation in the early development of airplanes compared to the languid retrograde motion of space travel. Afterall, the boys from the bike shop beat the government sponsored project in the beginning. Now there is a lively competition in the development of suborbital space tourism. I could not find an equivalent of the presentation I saw on the internet but I did find this 2012 presentation that gives a sense of, but is not so pointed or complete, as the one I witnessed.

Maybe if Cowen watched Rutan he might alter his position on NASA, but I doubt it.

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Home For Christmas - White Eagle Aerospace

 

 

 

 

 

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‘What’s Wrong with You?’: Taiwan Excoriates WHO for Coronavirus ‘Fake News’

Posted by M. C. on February 6, 2020

Stay vigilant.

Take nothing you hear about coronavirus at face value.

At a WHO meeting on Wednesday, the United States urged the group to include Taiwan in the response, insisting that saving lives from a health emergency was not a political endeavor…

The pro-mandatory vaccine/anti-gun WHO is part of the UN which is one giant political endeavor.

Makes you wonder what else about coronavirus reporting is lies.

https://www.breitbart.com/asia/2020/02/06/taiwan-attacks-who-coronavirus-fake-news/

by Frances Martel

Foreign Affairs Minister Joseph Wu of Taiwan erupted against the World Health Organization (WHO) on Twitter Wednesday for its deliberate exclusion of the country from the ongoing coronavirus response and its misreporting on the situation in Taiwan.

The WHO, a United Nations body, refuses to acknowledge the existence of Taiwan or allow it into any of its venues or programs, as the Chinese Communist Party falsely claims it as a rogue province. The WHO has refused to cooperate with the Taiwanese government through the process of responding to the coronavirus crisis that began in China last month and claims to be in contact with Taiwan through the Communist Party, which has no ties to Taipei or control of the island.

As a result, the WHO published false statistics on the coronavirus outbreak in Taiwan, inflating the actual number of confirmed cases there. It has also referred to Taiwan as “Taiwan, China,” which the Taiwanese government has repeatedly condemned as inaccurate and disrespectful.

On Wednesday, Foreign Minister Wu used the official account of his ministry to address the WHO and demanded to know, “what’s wrong with you”:

The WHO published a “situation report” on the coronavirus outbreak – which at press time is believed to have infected over 28,000 people and killed over 500, nearly all of them in China – on Wednesday that referred to Taiwan as “Taipei and environs,” an attempted correction of “Taiwan, China,” which prompted global outrage. The day before, the “Taiwan, China” case count was listed as 13, three more than the Taiwanese government had actually confirmed. The error is a result of the WHO refusing to communicate with the Taiwanese government. Taiwan’s Health and Welfare Ministry referred to the number as “fake news” and blamed “wrong numbers that were provided by China” for the mistake. Taipei also blamed the WHO for Vietnam and Italy limiting its flights to Taiwan, citing false information from the U.N. organization.

The ministry account addressed WHO Secretary-General Tedros Adhanom Ghebreyesus directly on Thursday, demanding a retraction of his effusive praise for China’s response to the viral outbreak. China has consistently withheld key information during the outbreak, refusing to acknowledge it for nearly a month in the city of Wuhan, where it originated. The refusal to alert health professionals in the city about the contagious nature of the deadly virus left many exposed to coronavirus patients and resulted in hospitals not adequately isolating potential patients and thus exposing people who were already sick and in a state of compromised health, to the virus.

Adhanom has demanded that the world show “gratitude and respect” to the Communist Party for its flawed response to the outbreak.

The remarks followed a stern rebuke from Foreign Affairs Ministry spokeswoman Joanne Ou on Thursday, who called the false numbers from the WHO “absurd.”

“We expressed our solemn protest to the WHO after Taiwan’s objection with regards to the matter through its representative office in Geneva and several other channels was ignored,” she said. “I’d like to ask the WHO, how many times are you going to change Taiwan’s name? These are not our correct names. Let me reiterate — our name is Taiwan, whose formal name is the Republic of China.”

At a WHO meeting on Wednesday, the United States urged the group to include Taiwan in the response, insisting that saving lives from a health emergency was not a political endeavor…

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Sandra Barr: NO FLUORIDE in NI WATER

 

 

 

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EXCLUSIVE: Mother Says School District Called Police After 6-Year-Old Daughter With Down Syndrome Pretended To Shoot Teacher With Finger

Posted by M. C. on February 6, 2020

Public education in Pennsylvania.

Calling the heat on a 6 year old Down syndrome girl.

“She really didn’t understand what she was saying, and having Down syndrome is one aspect, but I’m sure all 6-year-olds don’t really know what that means,” Gaines said. “Now, there is a record at the police that says she made a threat to her teacher.”

Even though police sources confirm it is a confidential record…Would YOU bet your life on that?

Proximity to Philadelphia may be a factor.

https://philadelphia.cbslocal.com/2020/02/04/exclusive-maggie-gaines-says-tredyffrin-easttown-school-district-called-police-after-6-year-old-daughter-with-down-syndrome-pretended-to-shoot-teacher-with-finger/

By Joe Holden

TREDYFFRIN TOWNSHIP, Pa. (CBS) — The mother of a 6-year-old with Down syndrome says the Tredyffrin-Easttown School District mishandled an incident involving her daughter after she pretended to shoot her teacher with her finger. Maggie Gaines says 6-year-old Margot, a student at Valley Forge Elementary School, now has a police report on file.

In November, Margot became frustrated and made a gesture that sparked a disciplinary investigation.

The Tredyffrin-Easttown School District calls it a threat assessment.

It was concluded nobody was in harm’s way as a result of Margot’s statement and her words were labeled a transient threat, which Gaines explains was an expression of anger.

However, the district said its policy still called for the police to be contacted.

“They get this phone call and I was fine with everything up until calling the police,” Gaines said. “And I said, ‘You absolutely do not have to call the police. You know, this is ridiculous.’”

Even though police sources confirm it is a confidential record, Gaines fears potential ramifications for her daughter.

“My daughter got frustrated and pointed her finger at her teacher and said, ‘I shoot you,’” Gaines said. “At that point, they went to the principal’s office and it was quickly assessed that she didn’t even really know what she was saying.”

Gaines said it was a severe overreaction by the school district and that they could’ve responded to the issue in a much different way.

“They were asking her questions, and she was saying, ‘Oh, I shoot mommy,’ laughs, or, ‘I shoot my brother.’ The principal asked, ‘Did you mean to hurt your teacher?’ And she said no and it seemed like she didn’t even know what that meant,” Gaines stated.

Sources tell CBS3 Margot has no record, but her name is part of an official report.

Last month, Gaines went public about the incident in a letter to the school board. She says school officials are misinterpreting policy and state law.

“She really didn’t understand what she was saying, and having Down syndrome is one aspect, but I’m sure all 6-year-olds don’t really know what that means,” Gaines said. “Now, there is a record at the police that says she made a threat to her teacher.”

The family is now appealing to the school board to amend this policy and the meeting is tonight.

Pennsylvania state Sen. Andrew Dinniman, who was contacted by the Gaines family, is expressing concern with how the school district is handling the incident…

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Brexit: Why the Threat of High Tariffs Wasn’t Enough To Stop It | Mises Wire

Posted by M. C. on February 6, 2020

But much of the concern over EU membership has focused on issues that are hard to quantify, such as government regulations and lost opportunities. How exactly does one quantify a new regulation on British businesses handed down by EU bureaucrats? An individual business might be able to hazard a guess, but aggregate data is far less reliable and far less available.

Even harder to count is the opportunity cost of EU membership. As noted by EU critics, for example, membership in the EU has limited the ability of the UK to expand trade outside the EU bloc. There’s no way to put a number on how much these lost opportunities have cost British households. Certainly some researchers have tried. But we end up debating the accuracy and relevance of the research. Ultimately, it all requires a judgment call as to whether or not EU membership is “worth it” to a specific person.

When government tells you something, start wondering what it doesn’t tell you.

https://mises.org/wire/brexit-why-threat-high-tariffs-wasnt-enough-stop-it

Chris Johns at the Irish Times is dismayed by all the support he sees for Brexit. He’s vexed by the fact so many of Brexit’s boosters are — in Johns’s eyes—going against their own economic interests.

Johns notes, for example, that Brexit may take a significant toll on British manufacturing, and may be problematic for income growth and tax revenues. Resigned to Brexit as a fact, Johns suggests trying to make the transition as painless as possible, but insists, “Britain will either be poorer or much poorer.” But it’s too late the avert at least some damage. Thus, the narrative goes something like this: “we tried to warn you people about the dangers of Brexit to your pocketbook. But you went ahead and supported it anyway. So now you’re worse off.”

Johns’s is missing a big part of the economic argument made by Brexit supporters.  At the moment, even the economic data suggests the British are better off today, but the Brexit gambit for many has always been one in which supporters calculate political independence will bring long-term economic gains, even if there are problems in the short term.  This hardly proves supporters are acting against their own economic interests, or that they don’t understand economic realities. It simply shows their predictions of the future are different from Johns’s.

[RELATED: “Brexit: Predictions of Economic Doom Show Why People Ignore ‘Experts’” by Ryan McMaken]

But Johns’s misunderstanding is bigger even than this.  A big part of why he assumes people will soon be worse off thanks to Brexit is because he is too limited in how he understands the process of calculating costs and benefits. Once we move beyond “homo economicus” notions of benefits being limited to monetary gains, we realize the benefits of Brexit can be found in ways that aren’t tracked by any government office, and don’t show up in any statistical data.   Economists and pundits who limit their calculations to measurable statistics are missing a big chunk of how humans measure and value the world around them.

We Can’t Put a Number on the Opportunity Cost of EU Membership

Government statistics have been devised to keep track of identifiable and countable events and dollar amounts. This is why numbers such as “unemployment rates” and “median incomes” form the backbone of government stats. They can be identified and counted with relative ease based on survey data or direct observation. But these numbers are hardly comprehensive in measuring the real world.

[RELATED: “The Homo Economicus Straw Man” by Ryan McMaken]

But much of the concern over EU membership has focused on issues that are hard to quantify, such as government regulations and lost opportunities. How exactly does one quantify a new regulation on British businesses handed down by EU bureaucrats? An individual business might be able to hazard a guess, but aggregate data is far less reliable and far less available.

Even harder to count is the opportunity cost of EU membership. As noted by EU critics, for example, membership in the EU has limited the ability of the UK to expand trade outside the EU bloc. There’s no way to put a number on how much these lost opportunities have cost British households. Certainly some researchers have tried. But we end up debating the accuracy and relevance of the research. Ultimately, it all requires a judgment call as to whether or not EU membership is “worth it” to a specific person.

The “Psychic Profit” of Leaving the EU

Other things are even harder to quantify than lost opportunities. These are what many voters perceive as the intangible benefits of leaving the EU.

For example, a pro-Brexit voter might argue that British laws should be decided in Britain—even if this means paying higher tariffs. Thus: political independence is more valuable than selling goods to France at a lower tariff rate. Obviously, there’s no way to determine exactly how much benefit “political independence” produces for a person who values it. But the value is real.

We’re now in the realm of “psychic profit,” which is the profit that a person perceives in his own mind from a certain action or state of affairs. The problem with psychic profits is that they are not quantifiable as money profits are. As economist Ludwig von Mises noted, at a fundamental level, profits and lossses are “psychic qualities and not reducible to any interpersonal description in quantitative terms.” Moreover, Mises notes that the “psychic phenomena” from which these valuations derive involve “incalculable intensive magnitudes.” Even if a person values Brexit more than low-tariff trade, it’s impossible to put a number on how much more.

A similar accounting problem arises with the immigration issue. Some voters support Brexit because they suspect or hope that it will reduce immigration. In this case, some have concluded that their psychic profits are improved by being surrounded by people of similar language and culture.

Faced with the idea that greater controls on migrant labor could push up the cost of living, some may nonetheless conclude the psychic loss resulting from immigration outweighs the monetary benefits of low-cost labor at the supermarket.

All of this should illustrate that when we’re talking about a voter’s decision to support a certain policy, we’re not exactly employing an exact science. By supporting policies that might ultimately lead to higher prices or higher foreign tariffs, one is not necessarily falling victim to economic illiteracy. One is simply taking a position that, in one’s mind, something that can’t be measured in pounds is more valuable than something that can be measured in pounds. There is a rational—and possibly well-informed—process of calculation going on here. It’s just a calculation that’s impossible to quantify.

Some economists find this sort of thing quite irksome, however. Johns, for instance, bemoans the fact that the “culture war” behind Brexit has led to ” the economy tak[ing] acceptable collateral damage.” He apparently means that voters have abandoned what he considers to be sound economic thinking in favor of “benefits” that can’t be counted in any ledger.  In the minds of pundits like Johns, people are “irrational” if they chose a policy that might reduce their incomes as measured in dollars or pounds.

The Real Problem: Majorities Forcing Policies on Minorities

Brexit critics like Johns would do well to admit their adversaries aren’t necessary irrational economic illiterates. But even if we all agree different people calculate economic benefit in their own non-measurable ways, we haven’t solved our political problems.

Policies like Brexit will always be problems so long as people who make very different value judgments are forced to live under a common government.  We have a problem because the democratic majority can impose a preferred policy on the losing minority.

In the case of Brexit, for example, nearly half the population appears to be either indifferent to membership in the EU or actively in support of it. And just as statistical economic data can’t tell us whether or not pro-Brexit supporters are “right,” it can’t make a judgment about EU supporters. Many EU advocates simply like the fact the EU hands down lots of environmental regulations to all member states. Supporters may like that EU membership (presumably) increases total immigration for reasons totally unrelated to economic factors. Some feel they benefit emotionally from a politically united Europe.

But this doesn’t mean that this minority of voters ought to be forced into leaving the EU because 51 percent of the population says so.

The ideology underlying democracy offers no answer to this. We have a situation in which about half of the population believes that it profits (psychically or otherwise) from one policy. But about half of the population believes it profits from the opposite policy. This problem becomes even worse when reduced to a regional level. An outright majority of residents in Scotland, for example, apparently opposes Brexit. Now that Brexit is a reality, a slim majority of Scots support independence. It would seem to violate basic notions of justice to insist that Scotland be held to the dictates of the English majority forever.

Scottish Separatists Are Now the “Irrational” Ones

In spite of years of being told how economically inept they are for supporting Brexit, some are now turning the same arguments on the Scots. This pundit, for example, might as well be saying  “look at those crazy Scots. They want to cut themselves off from their best trading partner (England)!” In the minds of those opposing independence, the dictates of economic good sense mean that Scotland should stay in the UK. But the anti-independence pundits may be making the same mistake the anti-Brexit pundits were making. It could be pro-independence Scots feel that they would gain more from independence than from unity—even if government stats say otherwise. If many Scots truly believe this strongly, it will be very hard to convince them otherwise, no matter how many studies by economists are trotted out.

Ultimately, we’re still left with a political problem that can’t be solved by insisting all the intelligent people agree with us because our spreadsheets and bean counters tell us which political position is “best” for us.

None of this should be construed to suggest that sound economics is wrong. Yes, low tariffs are better than high tariffs. Yes, business owners ought to be free to hire workers regardless of what country those workers are from. Yes, government regulations on businesses are a destructive burden, whether imposed by London or by Brussels. But the Brexit debate wasn’t really about whether high tariffs are better than low tariffs. It was about who should decide tariffs, and where and how. It was about issues far beyond whether or not an additional 1 percent growth could be wrung out of GDP next quarter. Many have tried to turn Brexit into just a debate about economic policy. But economics as imagined by mainstream number crunchers has never been sufficient to understand how people calculated the value of leaving the EU.

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Candidate Pete Buttigieg: Israel’s Security Policy Offers “Important Lessons” for the US

Posted by M. C. on February 6, 2020

…yet does not mention their human costs, such as Israel’s regular imprisonment of Palestinians without charge or its arrest of children for allegedly “throwing stones.” Third, his claim that Israel’s security policy offers a “very important lesson” to the United States suggests that Israel’s apartheid, police-state security policies are a model for homeland security policy in the U.S., a suggestion that concerns the “progressive” voters to whom Buttigieg is currently attempting to appeal.

Post should have been titled “bought and pad for” but then that would apply to most of congress.

https://www.mintpressnews.com/candidate-pete-buttigieg-israel-security-policy-offers-important-lessons-for-the-us/256882/

By Whitney Webb Whitney Webb

WASHINGTON — Presidential hopeful Pete Buttigieg, whose candidacy is currently being heavily promoted by corporate media, was one of the many 2020 contenders for the Democratic Party who declined to attend the recent annual conference of the American Israel Public Affairs Committee (AIPAC) in apparent response to calls from prominent “progressive” organizations to boycott the event and a growing shift among Democratic voters in favor of Palestinian rights.

However, despite his absence from the AIPAC conference, Buttigieg’s past public statements on the Israel/Palestine conflict echo those of pro-Israel stalwarts in the Democratic Party. Indeed, Buttigieg, in a trip to Israel last year that was funded by the pro-Israel lobby, praised Israel’s security response to protests by Palestinians on the Gaza-Israel border just four days after the slaughter of Gazan protesters by Israeli military snipers — repeating many of the same one-sided talking points about the conflict that define centrists in both the Republican and Democratic parties.

Impressed by Israeli security policy

Last May, Buttigieg traveled to Israel as part of a trip for U.S. mayors organized by Project Interchange, an affiliate of the American Jewish Committee (AJC), one of the oldest and most influential Israel lobby organizations in the United States. The AJC regularly conflates criticism of Israel with anti-Semitism and has even accused progressive American Jews of anti-Semitism for their critiques of Israeli government policy.

Soon after the Israel lobby-sponsored trip, which the Times of Israel referred to as a “learning experience trip,” Buttigieg appeared on AJC’s Passport podcast, hosted by Seffi Kogen. Buttigieg, during the 22-minute discussion, stated that Israel’s security policy is “on the one hand very intentional, very serious and very effective when it comes to security and on the other hand not allowing concerns about security to dominate your consciousness.” He then added that his trip to Israel showed him that Israel’s security policy offers “a very important lesson that hopefully, Americans can look to [when] we think about how to navigate a world that unfortunately has become smaller and more dangerous for all of us.”

This statement is troubling for several reasons. First, it suggests that Israel’s security policy does not “dominate” Israeli political consciousness even though nearly every discriminatory policy targeting Palestinians — from the blockade of Gaza to the military occupation of the West Bank to the separation barrier — are all justified by the Israeli state’s claim that it is responding to “existential threats” relating to Israel’s security. Second, Buttigieg calls Israel’s draconian security policies “very effective,” yet does not mention their human costs, such as Israel’s regular imprisonment of Palestinians without charge or its arrest of children for allegedly “throwing stones.” Third, his claim that Israel’s security policy offers a “very important lesson” to the United States suggests that Israel’s apartheid, police-state security policies are a model for homeland security policy in the U.S., a suggestion that concerns the “progressive” voters to whom Buttigieg is currently attempting to appeal.

During the podcast, Buttigieg also claimed that support for Israel “is not a left vs. right issue — at least it shouldn’t be” and stated that “the security and intelligence cooperation [between the U.S. and Israel] is obviously vital, certainly something that is as important for American interests as much as Israeli interests.” This is a drastic over-simplification of the U.S.-Israel relationship and makes no mention of the fact that the U.S. now provides $3.8 billion to Israel annually as part of this “security and intelligence cooperation” and also ignores Israel’s documented espionage efforts targeting U.S. state secrets that have occurred under the guise of this “cooperation.” Notably, former U.S. intelligence officials have claimed that the CIA considers Israel “the Mideast’s biggest spy threat.”

Buttigieg also blamed Hamas, the Islamist group that won Gaza’s elections in 2007 and still governs the enclave, for the “misery” present in the strip. At no point does he mention the air, land and sea blockade — imposed by Israel and Egypt — as having a role in creating “misery” for Gazan residents. Particularly telling is the fact that he blamed Hamas for the situation in the Strip during the Great Return March, when Israeli forces massacred scores of unarmed protestors. Just days after Buttigieg’s visit to Israel and not long before his appearance on the AJC podcast, the IDF shot and killed 60 unarmed Gazans, among them seven minors and a paramedic. During his 22-minute discussion with AJC, Buttigieg never spoke of the Gaza protests directly.

Pete Buttigieg | Israel

A separate point Buttigieg made in the podcast is related to the exchange of fire between Syrian/Iranian forces and Israeli forces in the contested Golan Heights, which Israel annexed in 1981 but is internationally considered (aside from by the United States) as Syrian territory. In speaking of the attack by allegedly Iranian forces on the Golan Heights and the exchange of fire between Israel and Syria that followed, Buttigieg stated:

It didn’t stop people from living their lives and I actually think there’s a lesson to be learned from that for America … to prevent terrorists from succeeding in their goal of becoming our top priority.”

It is notable that Buttigieg chose the word “terrorist” to describe the attack, given that it had been launched by a foreign government, not a terrorist group, and also given the fact that the area had long been overrun by actual terrorist groups that were supported by the state of Israel.

McKinsey and Israel

While Buttigieg’s admiration for Israeli security policy and support for continued U.S.-Israel “security and intelligence cooperation” may simply be an indication of his support for Democratic centrist policies, there may be other reasons for Buttigieg’s apparent support of Israel’s apartheid-like policies. For instance, Buttigieg’s past position as a consultant at McKinsey & Co. — recently called “the world’s most prestigious consulting firm” by the New York Times — may have also informed his views.

Buttigieg worked at McKinsey prior to enlisting in the military and jumpstarting his political career. Buttigieg has called his time at the firm his most “intellectually informing experience” and described it neutrally as simply “a place to learn.” Other previous McKinsey consultants have come away with a very different view of the controversial company, with one recently writing:

Working for all sides, McKinsey’s only allegiance is to capital. As capital’s most effective messenger, McKinsey has done direct harm to the world in ways that, thanks to its lack of final decision-making power, are hard to measure and, thanks to its intense secrecy, are hard to know.

The firm’s willingness to work with despotic governments and corrupt business empires is the logical conclusion of seeking profit at all costs. Its advocacy of the primacy of the market has made governments more like businesses and businesses more like vampires. By claiming that they solve the world’s hardest problems, McKinsey shrinks the solution space to only those that preserve the status quo.”

In addition to working with “despotic governments” like Saudi Arabia, McKinsey also regularly works for Israel’s government and military. For instance, McKinsey was given $27 million in 2011 to help “streamline” the Israeli military. McKinsey claimed that it had offered its services to Israel at a steep 36 percent discount. Then, a year later, McKinsey was tasked with reviewing Israel’s police force and determined that Israel did not have enough police patrolling its streets and “lagged” behind other countries in terms of police deployment. Furthermore, the company itself has a large presence in Israel, where it “works across all major sectors of Israel’s economy.”

Buttigieg’s connection to McKinsey, and his decidedly neutral view of the firm, have been largely glossed over in the coverage of his candidacy, despite the controversial nature of the company, which was recently revealed to have advised a leading pharmaceutical company on how to “turbocharge” the sales of opioids to Americans, despite the country’s severe opioid addiction and overdose crisis.

More “hope” and “change”

Buttigieg, like several other 2020 contenders for the Democratic nomination, has thus far built his campaign on platitudes and progressive “values” without providing policy plans that back them up. Indeed, Buttigieg is routinely evasive when pressed on any specific policies he champions. When recently asked to specify policies he supports by VICE, the former South Bend, Indiana mayor stated that “Right now I think we need to articulate the values, lay out our philosophical commitments and then develop policies off of that. And I’m working very hard not to put the cart before the horse.”

This same tactic, of promoting “values” and platitudes and failing to run on any policy, has become common in the 2020 field as other candidates who have received fawning media coverage — like Kamala Harris and Beto O’Rourke — have also built their campaign on platitudes and varying degrees of identity politics. It should come as no surprise, then, that Buttigieg has recently been compared to Barack Obama in several mainstream profiles. After all, Obama built much of his campaign on platitudes (i.e., “hope” and “change”) and vague policy positions as opposed to specific, detailed policy proposals.

Buttigieg’s decision to not promote any specific policy has allowed him to become a policy chameleon, and his stance on foreign policy, including Israel and Palestine, is no exception. As an example, Buttigieg has claimed that the Trump administration’s minimal efforts to reduce the number and intensity of “forever wars” has been “largely good,” even though he opposes Trump’s recent calls for a withdrawal of U.S. troops in Syria. Yet the epitome of the Trump administration’s efforts to reduce “forever wars” has been its calls for a U.S. troop withdrawal from Syria.

Buttigieg’s evasiveness and contradictory statements on foreign policy are all the more telling because such evasiveness is not due to a lack of knowledge on the subject. Indeed, Buttigieg wrote his undergraduate thesis on U.S. foreign policy. This suggests that his evasiveness on these issues since becoming a candidate for the presidency is instead based on political expediency.

Buttigieg’s past comments on Israel and Syria are compounded by a recent statement he made via Twitter that reads: “I did not carry an assault weapon around a foreign country so I could come home and see them used to massacre my countrymen.” The tweet was heavily criticized by anti-war voices on social media for its implication that it is perfectly fine to carry assault weapons as part of an occupying force in a foreign country, but not OK to carry those assault weapons domestically.

This troubling double standard suggests that Buttigieg, despite being a veteran, supports U.S. military adventurism abroad. This is further supported by his past position at the Cohen Group, a consulting firm founded by former Secretary of Defense William Cohen, a “moderate Republican” who oversaw the U.S.’ role in the NATO bombing of Kosovo.

In a crowded 2020 field and with mainstream media heavily promoting his candidacy, it is essential that all Americans take the time to research the past statements and positions of a candidate like Buttigieg, as opposed to merely relying on media-generated hype and statements made only after the establishment of one’s candidacy. The U.S., a country undeniably at a crossroads, cannot afford any candidate who cloaks his or her actual opinions and policies in platitudes and evasive or even contradictory language. Thus, a candidate’s past and track record are increasingly important, yet overlooked, aspects in a 2020 race that will have important implications for the country moving forward.

Be seeing you

aipac

 

 

 

 

 

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DNC Completely Loses Public Trust In Its Primary Process On Very First Day – Caitlin Johnstone

Posted by M. C. on February 6, 2020

The difference between a true totalitarian dictatorship and America is that the totalitarian dictatorship enforces one political belief system which supports the status quo, whereas in America you get the freedom of choice between two political belief systems which support the status quo.

The sooner people wake up to this, the better. In Iowa, things couldn’t have gone worse for those responsible for keeping people asleep.

https://caitlinjohnstone.com/2020/02/05/dnc-completely-loses-public-trust-in-its-primary-process-on-very-first-day/

After a 2016 presidential primary race riddled with scandals, all of which worked against Bernie Sanders to the advantage of anointed establishment favorite Hillary Clinton, the 2020 Democratic presidential primary elections officially began with a massive scandal working against Bernie Sanders to the advantage of an establishment favorite.

The 2020 Iowa caucuses turned out to have been designed to depend on the use of a new, untested app with extensive ties to establishment insiders and to the Pete Buttigeig campaign, and because of problems using this app as of this writing we are still waiting on the full results of the election. The Iowa Democratic Party has bizarrely released a partial result with 62 percent of 99 counties reporting, which just so happens to have favored the campaign of a Mr Peter Buttigeig, who in the sample came out on top in delegates despite coming in second in votes.

A popular “gold standard” poll by the Des Moines Register that is normally released shortly before the Iowa caucuses had Sanders comfortably in first place. The results of the poll were instead left unpublished this time until after elections were underway due to a complaint by the campaign of, you guessed it, Pete Buttigeig. This would be the same Pete Buttigeig who attended the infamous “Stop Sanders” meetings with Democratic Party insiders last year, by the way.

According to an Iowa precinct chair, the problems using the app (developed by the aptly named Shadow, Inc) included literally switching the numbers entered into it on the final step of reporting results.

“A precinct chair in Iowa said the app got stuck on the last step when reporting results,” CNN reports. “It was uploading a picture of the precinct’s results. The chair said they were finally able to upload, so they took a screenshot. The app then showed different numbers than what they had submitted as captured in their screenshot.”

It doesn’t actually matter anymore who really won Iowa at this point; the damage is already done. Iowa is a sparsely populated state with an insignificant number of delegates; nobody campaigns there for the delegates, they campaign to make headlines and generate excitement and favorable press for themselves in the first electoral contest of the presidential primary race. This has already happened, and with Buttigeig first declaring victory before any results were in, followed by his delegate count lead announced hours later, the favorable press has predominantly gone his way.

Even if Sanders turns out to have won the delegate count as well, this will already have happened. He will have already lost the opportunity to start off the primary contest with a win and a rousing victory speech. In every way that matters, he has already been robbed, by extremely shady establishment dealings, in the very first electoral contest of the race.

The very first. Berners are already as outraged as they were at the height of the 2016 DNC scandal, which was still months out from this point in the race. They’re already getting screwed over, and it’s just getting started.

I see many people blaming this on incompetence, some in bad faith and some in good, but in either case there is no legitimate reason to do that anymore. It has been my experience that if someone seems to be totally incompetent but every “oopsie” they make just happens to end up benefiting them, it’s manipulation you’re dealing with, not incompetence. Some people are happy to look dumb if they can get what they want. If you watch their actions and ignore their words, a very revealing pattern shows up immediately.

This is all extremely blatant, and the feelings it brings up in people are completely legitimate. Yet narrative managers like Neera Tanden and Shannon Watts are telling everyone they’re just like Trump if they suspect the Democratic establishment is again doing the thing it did just four years ago.

If such extremely shady shenanigans had occurred in Russia or Venezuela, within minutes Mike Pompeo would have been holding a press conference demanding a new election under UN supervision and an international coalition of sanctions. It’s hilarious how America is constantly staging coups, implementing sanctions and arming violent militias on the basis that their government has an illegitimate democratic process, yet its own most important electoral proceedings would make any third world tin pot dictator blush.

And don’t give me that crap about how Democratic Party primaries are separate from the US electoral system and therefore don’t undermine American democracy; of course they do. If your country has a rigidly enforced two-party system and one of those parties has bogus internal elections, then you do not have any degree of democracy in your country. Saying “Well if you don’t like our rigged primary process you can vote for the other corrupt warmongering pro-establishment party” is not democracy.

The difference between a true totalitarian dictatorship and America is that the totalitarian dictatorship enforces one political belief system which supports the status quo, whereas in America you get the freedom of choice between two political belief systems which support the status quo. The entire system is stacked to ensure the continued rule of the oligarchs, spooks and warmongers who really run things behind the two-handed sock puppet show of the official elected government. The US doesn’t attack and undermine nations when they lack “freedom” or “democracy”, they attack and undermine them when they refuse to bow to the demands of the power establishment which controls the US government and its allies.

The sooner people wake up to this, the better. In Iowa, things couldn’t have gone worse for those responsible for keeping people asleep.

_______________________________

Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for my website, which will get you an email notification for everything I publish. My work is entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, checking out my podcast on either Youtube, soundcloud, Apple podcasts or Spotify, following me on Steemit, throwing some money into my hat on Patreon or Paypal, purchasing some of my sweet merchandise, buying my new book Rogue Nation: Psychonautical Adventures With Caitlin Johnstone, or my previous book Woke: A Field Guide for Utopia Preppers. For more info on who I am, where I stand, and what I’m trying to do with this platform, click here. Everyone, racist platforms excluded, has my permission to republish or use any part of this work (or anything else I’ve written) in any way they like free of charge.

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Q&A: What are the Iowa presidential caucuses and why are ...

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The Twilight Zone of Church History – LewRockwell

Posted by M. C. on February 6, 2020

In a letter written to Woodrow Wilson in 1917, signed by all of the Archbishops of the United States, Cardinal Gibbons writes:

“…now that war has been declared, we bow in obedience to the summons to do our part…Inspired by the holiest sentiments of truest patriotic fervor and zeal, we stand ready, we and all the flock committed to our keeping, to cooperate in every way possible with our national government…”

When it comes to support for war, their new motto seems to be: “Mum’s the word” and “Leave no trace.”

https://www.lewrockwell.com/2020/02/ellen-finnigan/the-twilight-zone-of-revisionists-church-history/

By

Fr. Charles McCarthy writes:

Catholics, you are now traveling through another dimension, a dimension not only of sight and sound but of mind, a journey into a wondrous land whose boundaries are that of imagination. You have entered a realm of existence between the past and the future, between sanity and madness, between delusion and reality. You have entered the Twilight Zone of revisionists’ Church History. Your next stop: an America Magazine article, “The Teaching of the Catholic Church is Clear: We are Against War.”

The article that Fr. McCarthy refers to here, shallow, spurious, and misleading, was written by Father James Martin and published on January 13. A day later Bishop Barron published “‘1917’ and Remembering Who We Are” about the recent World War I film, which was followed by a YouTube video called “1917, War, and Faith”: both masterpieces of obfuscation. In them Barron seems mystified by the fact that millions of Christians, “presumably schooled in the moral principles of Jesus Christ,” participated en masse in the “folly of war,” and killed millions of other Christians in World War I. How could this have happened?

The answer is simple: Their religious leaders told them it was their duty!

Last week I discussed these two articles on my on my podcast with Fr. McCarthy (a priest who has been ostracized from polite circles in the Church for decades because he won’t stop insisting that Jesus taught a way of nonviolent love of friends and enemies). The James Martin article is discussed here and the Robert Barron article discussed here. It seems the Catholic Church is on the “PR offensive,” trying to recast itself as antiwar. The audacity!

In a letter written to Woodrow Wilson in 1917, signed by all of the Archbishops of the United States, Cardinal Gibbons writes:

“…now that war has been declared, we bow in obedience to the summons to do our part…Inspired by the holiest sentiments of truest patriotic fervor and zeal, we stand ready, we and all the flock committed to our keeping, to cooperate in every way possible with our national government…”

In November of that year, Gibbons wrote to Wilson:

“Guided as we are by the sublime teachings of Christianity, we have no other course open to us but that of obedience and devotion to our country…we wish for our people to see, and we are striving to help them realize, that they owe unswerving loyalty to the rulers whom they have elected to office, and that in doing so they are not acting in a slavish manner, for obedience is not an act of servility we pay to man but an act of homage we pay to God…”

At least American Catholic Bishops no longer try to “help” Catholics by telling them overtly that they owe “unswerving loyalty” to their government. Instead of propagating the government’s ill-advised, unjust, and immoral wars with pro-war speeches and letters, the American Bishops condone them with silence: seventeen years of near total, unbroken silence. When it comes to support for war, their new motto seems to be: “Mum’s the word” and “Leave no trace.”

It will be easier this way: American Bishops in the year 2120 will be able to look back on the wars of the early twenty-first century, shake their heads in dismay and wonder aloud, like Barron, how it was that Christians— American Catholics no less! —  could have been involved in wars 9,000 miles from home, for which their was no discernible goal or purpose, that decimated the Christian populations of the Middle East. Future American Bishops will be able to chalk it all up to the mystery of iniquity, I guess, while pointing to puff pieces written by the likes of Martin and Barron and saying, “Didn’t they know that the Catholic Church is against war?”

I guess we missed the memo.

A few thoughts from Fr. McCarthy to conclude:

P.S “Where I come from we write our own history.” This is a response of a Donald Trump supporter to the issue of history judging him negatively for his support.

P.P.S. “History will be kind to me, because I will write it.” So proclaims Winston Churchill, one of the most brutal and murderous politicians of the Twentieth Century.

P.P.P.S. Throughout the Twilight Zone series, Rod Serling, its creator and major writer, continually illustrates how to throw viewers off the scent of reality by manipulating them into not seeing what is there to see and hence asking the wrong questions. If you are interested in watching how this is masterfully accomplished, view (don’t read about) the Twilight Zone episode titled, “To Serve Man” as a superb example of this skill. Interestingly and tellingly, after this episode appeared in 1962, its title, “To Serve Man,” became the unofficial emblem patch of the U.S. Air Forces’ 509th Bomb Wing, who as part of its history of serving man dropped atomic bombs on Hiroshima and Nagasaki.

(Gustatus Similis Pullus means “Tastes Like Chicken”.)

Be seeing you

Daniel Silliman: November 2014

 

 

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The Height of Idiocy – The Coming Crisis International Man

Posted by M. C. on February 6, 2020

What if the government embarked on a massive pyramid
building program, an archetypical example of public works? GDP might
rise, but it would add absolutely nothing to the well-being of
individuals. To the contrary, the building of the pyramid would only
divert capital from wealth-generating activities.

On the other hand, if a scientific breakthrough was made which cut energy
consumption by 80% for the same net output, or magically eliminated all
disease, the GDP would collapse because it would bankrupt the energy and
health industries.

That’s why I prefer to say a recession is “a period of time when distortions and misallocations of capital caused by the business cycle are liquidated.”

https://internationalman.com/articles/the-height-of-idiocy/

by Doug Casey

“The only element in the universe more common than hydrogen is stupidity.”

– Einstein

I’m not a fortune teller. In fact, the only things anybody knows about predicting – even if you gussy the concept up by calling it “forecasting” – are 1.) Predict often and 2.) Never give both the time and the event.

The worst offenders are those who pretend they know where the economy’s headed.

Statistics – so often the basis of conjecture with regard to the economy – are so subject to interpretation, and so easy to take out of context, that most of the time they’re best used as fodder for cocktail party conversations.

Still, as potentially wrong-headed and tendentious as the subject is, “the economy” is occasionally worth talking about simply to establish a clear point of view.

In fact, I place the phrase “the economy” in quotes because I don’t even accept the validity of the concept, nor that of “the GDP”; they’re both chimeras.

The idea of GDP gives the impression that it is not individuals that produce goods and services, but rather a machine called “the economy.” This leaves the door open to all manner of nonsense, like the assertion that what may be good for individuals may not be good for the economy, and vice-versa.

For instance, an advance in the GDP doesn’t necessarily mean increased prosperity: What if the government embarked on a massive pyramid building program, an archetypical example of public works? GDP might rise, but it would add absolutely nothing to the well-being of individuals. To the contrary, the building of the pyramid would only divert capital from wealth-generating activities.

On the other hand, if a scientific breakthrough was made which cut energy consumption by 80% for the same net output, or magically eliminated all disease, the GDP would collapse because it would bankrupt the energy and health industries.

But people would be vastly better off.

Entirely apart from that, the whole idea of GDP gives the impression that there actually is such a thing as the national output.

In the real world, however, wealth is produced by someone and belongs to somebody. We’re not ants or bees working for the hive. The whole idea of a GDP just allows the “authorities” to bamboozle people into believing they can actually control “the economy,” as if it were some giant machine.

The officials pretend to be the Wizard of Oz, and Boobus americanus is trained to think they’re omniscient. Thus whenever the rate of growth slips “too low,” officials are expected to give “the economy” a suitable push. Conversely, whenever “the economy” is growing too fast, the officials are supposed to step in to “cool” it.

It’s all an embarrassing and destructive charade.

Nonetheless…

I remain of the opinion that we’re headed into the biggest economic smashup in history.

That’s an outrageous statement, and it’s always dangerous to say something like that. After all, the longest trend in motion is the Ascent of Man, and that trend is unlikely to change; indeed, it’s likely to accelerate. And it’s usually a mistake to bet against an established trend.

Furthermore, science and technology will continue advancing, people will continue working and saving, entrepreneurs will continue to create. And downturns in the economy have always been brief. There’s a good case for staying bullish.

Even most of those who talk of a recession tend to write it off as either a simple reversal of recent “irrational exuberance,” or a passing change in people’s psychology, or a temporary shock. Unfortunately, it goes much deeper than that. Those things have very little to do with what recessions are all about.

A recession, according to the conventional parlance, is a period when economic activity declines for two or more quarters. That’s a description of what happens, but it’s really not very helpful, much like saying a fever is a period during which your temperature is above 98.6 F. A better definition of a fever might be a period when the body’s temperature is elevated as a consequence of fighting an infection, in that it gives you some insight into the cause as well as the effect.

That’s why I prefer to say a recession is “a period of time when distortions and misallocations of capital caused by the business cycle are liquidated.”

What causes the business cycle? Excess creation of credit by a central bank (e.g., the Fed). The injection of artificially created money and credit into a country’s economy gives both producers and consumers false signals, causing them to do things which they otherwise would not do. The longer the upswing of a business cycle continues, the longer and more severe the down cycle will be.

A depression is just a really bad recession.

One thing that – contrary to popular opinion – can help get an economy out of a recession is a large pool of savings; savings give people the money to invest in new production, as well as the money to buy that production.

That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. It can only deplete the capital that will be needed in the future, and deepen the bottom with more bankruptcies, stealing consumption from the future.

That’s why the Fed’s artificially low interest rates is such a bad idea; it encourages people to save less and borrow more. This engineered decline may well, after a certain lag time, cause a cyclical upturn – but it will only aggravate the underlying problem, guaranteeing yet a bigger bust.

This isn’t just an American problem, because the U.S. is truly the engine of the world’s economy. But a lot of the drive behind the engine is the gigantic trade deficit. The hundreds of billions the U.S. sent abroad in the last year alone, after over a decade of increasing deficits, has caused a lot of capital investment that will become uneconomic, and created a lot of economic activity that will come to a screeching halt when that deficit inevitably reverses.

The whole world is levered on what happens in the U.S.

The effect in economies around the world will be devastating. The Smoot Hawley tariff of 1930, which acted to collapse world trade, greatly exacerbated the last depression. It could be that economic conditions in the U.S. alone could do it this time, without the overt “assistance” of the government.

I don’t believe we’re looking at just another cyclical downturn this time. We could be – but I don’t think so.

Of course, since the dollar is by far the biggest market in the world, constituting the reserves of almost every government on the planet, the de facto currency of probably 50 countries, and the savings of hundreds of millions of people around the world, when it collapses, it will cause a financial earthquake, Magnitude 10.

Use any rallies as selling opportunities. Diversify your assets out of the U.S. Build a good position in gold. Buy gold stocks with speculative capital. Get your debt, if any, down to comfortable levels.

Editor’s Note: Unfortunately there’s little any individual can practically do to change the trajectory of this trend in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation.

Be seeing you

Central Planning Delusions: From Helicopter Money To NIRP

Or Central Planners

 

 

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The End Has a Date – EPautos – Libertarian Car Talk

Posted by M. C. on February 6, 2020

Which accounts for the urgency; the need to “act” – now!

If people are given too much time to think about it, they might have second thoughts.

Before it’s too late.

I used to like cars. That died long ago.

The question I always ask: What will happen to our power grid when all cars are electric? That is a lot of windmills. Is it windy where you are today?

https://www.ericpetersautos.com/2020/02/05/the-end-has-a-date/

By eric

The story goes that when Julius Caesar crossed the Rubicon river with his legions and headed into Rome – something forbidden by the Republic – it signaled the end of the Roman Republic. A similar event has just occurred that heralds the end of the internal combustion-engined car.

Not because a lower-cost, more efficient and more practical alternative has been found – as happened when the Model T replaced the horse and buggy, without any bayonets shoved into the backsides of horse-and-buggy owners.

But because a higher-cost, less efficient and much-less-practical alternative has been found that requires bayonets shoved into backsides, for precisely those reasons.

Boris Johnson – the Caesar of Great Britain – has decreed that as of 2035 no one will be allowed to buy a new car that is not an electric car. Not even partially electric hybrid cars will be allowed.

Only electric cars.

Less than 15 years from now.

Car manufacturers – especially European-based brands such as Mercedes, BMW, VW/Audi/Porsche, Peugot (which just merged with Fiat – which owns the American brands Chrysler, Dodge, Jeep and Ram) and, of course, Jaguar/Land Rover – have been put on notice that there’s no future – not long from now – for other than electric cars.

And will therefore cease devoting resources toward the development of new cars that are not electric.

They’d be stupid to do otherwise.

The effect of this proscription – a Roman word whose original meaning is most apt in this context – will be felt much sooner than most people outside the car business may realize.

Far sooner than 15 years from now.

It takes years to conceive, develop, test and generally get a new car ready for the market. It takes years – often decades – to recover the costs of development including the tooling and so on necessary to manufacture it, build up spare parts inventory, train dealer service people – etc.

This is called the product cycle.

And less-than-15-years is too brief a cycle to spend much time – or money – developing new products that won’t be legal for sale by the time they are ready to be sold.

And so they won’t be developed.

Stagnation will ensue. Existing models that aren’t electric will receive a few updates here and there but it is unlikely many new models that aren’t electric will be released. Existing stock will be depleted – and not replaced.

Well, it’ll be replaced. With electric cars.

Whether there’s a market for them being irrelevant. Caesar will simply decree one.

All the brands mentioned above have already begun the switchover to electrics; not because there’s a market for them but because Caesar has said they will shortly be forbidden from bringing other-than-electric cars to market.

The reason it’s hard to buy a rifle – or even a pellet gun – in the UK isn’t for lack of a market.

It’s because the market has been illegalized.

Now, other-than-electric cars are to be illegalized. Not just there, either – and not just that. The UK ban will be followed by European bans – France has already banned. It will likely metastasize into a world ban.

American brands are international brands; they will make the “transition,” too. Caesar – our Caesar – may also do decree it.

The ban on selling new cars that aren’t electric cars will also be attended by a driving ban on cars that aren’t electric. Or heavy taxes on them, to punish their owners for not driving electric cars.

This is already happening – no need to wait until 2035. And not just in the UK. France and Germany currently proscribe the driving of other-than-electric cars in certain areas – and those areas will increase until it becomes proscribed to drive other-than-an-electric car anywhere.

You won’t be able to buy – drive – or sell.

Well, for much.

At the retail level – new and used – the prices of other-than-electric cars will shortly collapse, accelerating the end. Of what value is a car you can’t drive where you need to go – or which will cost you a fortune (in punitive taxes) to drive?

Or which you will have great difficulty selling given these two facts?

Caesar says “We know as a country, as a society, as a planet, as a species, we must now act.”

He means we must be forced.

Caesars always speak in euphemisms – to make their proscriptions go down easier.

We must be forced – because it’s the only way to get most people into electric cars, for the same reason it would have been necessary to force most people back into their horse-drawn buggies.

Only the Amish go willingly.

Caesar says we must be forced because of the imminence of a bug-eyed “climate crisis” – predicted to arrive by 2030 – hence the hysteria of language and of legislation. But what happens when we get to 2025 – just five years from now – and the “climate” isn’t in “crisis”?

The jig will be up. Hysteria will abate – or at least, become recognized as hysteria. Those still afflicted can be treated – by psychiatrists. It will be realized that the End Times scenarios peddled on the basis of computer models and false – simplistic – assumptions about hugely complex and naturally variable phenomena – the “climate” – were of a piece with the Heaven’s Gate cult and the shedding of containers.

But it will be too late for the rest of us.

We’ll have been forced out of our cars and into electric cars – for those who can afford them. The rest of us will be forced to ride-share in electric cars or move close enough to where we need to be in order to walk there.

Which accounts for the urgency; the need to “act” – now!

If people are given too much time to think about it, they might have second thoughts.

Before it’s too late.

Be seeing you

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