MCViewPoint

Opinion from a Libertarian ViewPoint

Former US Rep. Justin Amash’s Relatives Killed in Israeli Bombing

Posted by M. C. on October 23, 2023

Saint Porphyrius Orthodox Church is the third oldest existing Christian church in the world, standing very nearly since the time of Christ.

Additionally, Israel today demanded the evacuation of yet another hospital in Gaza, the Al-Quds Hospital, claiming that it was also on the bombing list.

http://www.ronpaulinstitute.org/archives/peace-and-prosperity/2023/october/20/former-us-rep-justin-amashs-relatives-killed-in-israeli-bombing/

Written by Daniel McAdams

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Former US Rep. Justin Amash (L-MI), who was the only US House Member representing the Libertarian Party, announced today on Twitter/X that several of his relatives were killed when Israel bombed Saint Porphyrius Orthodox Church in Gaza. Amash’s relatives, along with many others, were seeking shelter in the Church as Israel continues to flatten Gaza.

I was really worried about this. 😔 With great sadness, I have now confirmed that several of my relatives (including Viola and Yara pictured here) were killed at Saint Porphyrius Orthodox Church in Gaza, where they had been sheltering, when part of the complex was destroyed as… pic.twitter.com/w5k1xEeTgF — Justin Amash (@justinamash) October 20, 2023

As one commenter on Amash’s thread pointed out, Saint Porphyrius Church “symbolized coexistence. It’s worth noting that this church is located near the Jewish Quarter in Gaza as well.”

Saint Porphyrius Orthodox Church is the third oldest existing Christian church in the world, standing very nearly since the time of Christ. Another commenter on Twitter added that “Gaza’s oldest church the Orthodox Church of Saint Porphyrius”…was a refuge for at least 380 civilians. At least 40 have been reported dead and more searches continue among the rubble.”

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Congress Worked on a Two Billion Dollars Aid Bill for Israel. The Israel Government Says, ‘Nah, Make it Ten Billion.’

Posted by M. C. on October 23, 2023

Come on, Secretary Yellen, can’t you show some gusto like the Israel government and up that from two to ten wars?

http://www.ronpaulinstitute.org/archives/peace-and-prosperity/2023/october/18/congress-worked-on-a-two-billion-dollars-aid-bill-for-israel-the-israel-government-says-nah-make-it-ten-billion/

Written by Adam Dick

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Over the last year and a half, Ukraine President Volodymyr Zelensky kept himself busy repeatedly demanding more money, supplies, and weapons from the United States and other governments to pay for Ukraine’s war against Russia. No matter how much was given, he never accepted it as enough. More, more, more aid, he constantly demanded.

It looks like the Israel government is starting off in its new war on the same course of aid demands as the Ukraine government has pursued.

Last week, word was legislation was in the works in the United States Congress to provide around two billion dollars in supplementary funding to the Israel government to support its activities in its new war. Instead of just expressing thanks and waiting for the money to start flowing in, with Zelensky-level audacity the Israel government is reported to have asked the US government to provide instead five times that amount — ten billion dollars.

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Joe Biden’s Hideous $106 Billion War Package

Posted by M. C. on October 23, 2023

By David Stockman

David Stockman’s Contra Corner

What a day for another $106 billion imperial boondoggle. There is not one dime in “Joe Biden’s” war package that enhances the safety and security of the American homeland, yet all of it is being blithely charged to Uncle Sam’s vastly over-extended credit card.

Nor should you take our word for it. What’s left of the Fed-tortured bond market cried out for help this AM, tagging the 5.00% level on the benchmark 10-year UST (purple line) for the first time since June 2007.

But here’s the thing. Back then, the public debt (yellow line) was $8.8 trillion, meaning every 100 basis points of increased yield added $88 billion to annual debt service. Today, of course, the public debt is $33.5 trillion, and the incremental debt service on 100 basis points will amount to $335 billion or nearly 4X more.

Public Debt Versus Yield On 10-Year UST, 2007 to 2023

Unfortunately, 1oo basis points of higher yield isn’t the half of it. As of August 31st, the weighted average yield on the public debt was only 2.92% because during the Fed’s decade long spree of reckless money-printing the US Treasury was able to refi the public debt at absurdly low rates, including at the 0.50% bottom on the 10-year UST in July 2020.

Alas, what comes around goes around. Now the entire yield curve is trading at 5% or above, meaning that all of that ultra-cheap debt will be maturing for years to come, only to be replaced with much higher yields as far as the eye can see. At the moment, the gap between the embedded carry cost of 2.92% and an at-market level of @5.22% would amount to incremental debt service cost of nearly $800 billion per annum!

That’s right. There is a fiscal elephant in the room nearly the size of the nation’s monstrous defense budget itself, yet the semi-comatose occupant of the Oval Office chose this moment to indulge in the absolute worst game of log-rolling politics we have witness during a half-century of observation. To wit, the “Joe Biden” boondoggle includes:

  • $61 billion for the Ukraine warhawks;
  • $14 billion for virtue-signaling against Hamas;
  • $14 billion for the GOP Border War Howlers;
  • $14 billion for various bleeding heart “humanitarian” purposes;
  • $3 billion of walking around money for all the squeaky wheels not oiled above.

Still, do these clueless fools not understand they are now starring fiscal catastrophe square in the face? As of Q2 2023 the annualized rate of interest expense on the public debt clocked in at $909 billion, which represented a doubling of the level which prevailed when the voters last put a Republican in the White House to, well, rein in the red ink!

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The US Empire’s PR Crisis In Gaza

Posted by M. C. on October 23, 2023

It should be clear to everyone by now that a huge percentage of the right wingers who criticized US proxy warfare via Ukraine did so only because they were worried it might take away from US proxy warfare via Israel.

https://substack.com/inbox/post/138185398

Caitlin Johnstone

The US-centralized empire is a giant network of allies, partners and assets spanning the entire globe. Many of the nations in this network, such as Israel, have strong ideologies and values systems that the empire must cooperate with to obtain their loyalty. But the empire itself has no ideology or values — it values nothing but planetary domination. The empire’s motives are no more ideological than the motives of a mugger are ideological.

So the empire has no ideology, but it is held together by cooperation with individual governments who do. The problem this creates is that sometimes the ideologies of those states cause them to do things that go against the interests of the empire as a whole. Israel can just up and decide to commit a genocidal massacre in front of everyone. Saudi Arabia can decide it’s going to dismember a Washington Post reporter with a bone saw. Proxies in Ukraine can keep saying Nazi things and sporting Nazi insignia in public. They do these things because unlike the top brass in the imperial power structure they are guided by ideology, with no regard for the need to preserve the empire’s image as a “rules-based international order”.

This often creates a PR crisis for the empire, because the public will cease consenting to the network of alliances, partners and assets if it becomes sufficiently aware of the depravity needed to hold it all together. This is typically easy to resolve because the US empire has the most sophisticated propaganda machine in the history of civilization, but that propaganda machine is operated by individuals — individuals who may have learned about Palestinian rights at university, or who were disgusted about the way their employer ran cover for Israel’s murder of Shireen Abu Akleh only to find out Israel did it and was lying. So they don’t always play along with the imperial machine in their reporting, thereby exacerbating the empire’s PR crisis.

The worst thing that could possibly happen, from the empire’s point of view, is for the public to start opening their eyes to its criminality. With Israel on a genocidal rampage as pro-Palestinian protesters flood the streets worldwide, we may be certain that the manipulators who are responsible for imperial perception management are in full crisis mode, because if a critical mass of people can pick apart this one lie, it opens up the possibility of their unplugging themselves from the whole propaganda matrix that keeps the empire operational.

The empire managers are standing by Israel’s side and doing everything they can to pretend its actions are right and just, but they are fidgeting uncomfortably, and behind the scenes we may be sure they’re in total damage control. That’s why we’re being slammed with such a mad deluge of propaganda right now, and that’s why they’re doing everything they can to censor and suppress and shut down voices who are critical of Israel’s actions in Gaza.

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Blinken Rejects Idea of Gaza Ceasefire Despite Massive Child Casualties

Posted by M. C. on October 23, 2023

Blinken also claimed Hamas is preventing American citizens from fleeing the Gaza Strip

“UNICEF says 1,524 children have been killed in the Gaza Strip during these bombings. Why isn’t the US calling for at least a temporary ceasefire?” Margaret Brennan, the host of CBS News’s “Face the Nation,” asked Blinken.

During the interview with Brennan, Blinken also claimed it was Hamas’s fault that American citizens in Gaza could not leave despite the fact that the enclave is under Israeli blockade and Egypt has not been letting people enter its territory from its one border crossing with Gaza.

antiwar.com

Secretary of State Antony Blinken on Sunday rejected the idea of the US calling for a ceasefire in Gaza when confronted with the massive number of child casualties in Israel’s onslaught.

“UNICEF says 1,524 children have been killed in the Gaza Strip during these bombings. Why isn’t the US calling for at least a temporary ceasefire?” Margaret Brennan, the host of CBS News’s “Face the Nation,” asked Blinken.

Blinken claimed that the death of children on both sides hits him “right in the heart” but did not criticize Israel’s vicious bombing campaign. He pointed to US efforts to get Israel to allow aid trucks to enter Gaza through Egypt, and Brennan then asked why the US isn’t pushing for at least a temporary ceasefire.

“Israel has to do everything it can to make sure this doesn’t happen again,” Blinken said, referring to the October 7 Hamas attack. “Freezing things in place where they are now would allow Hamas to remain where it is and to repeat what it’s done some time in the future. No country could accept that,” Blinken said.

Blinken made a similar argument earlier this year when rejecting the idea of a ceasefire in Ukraine ahead of the Ukrainian counteroffensive, saying a pause in fighting would only benefit Russia. Now, it’s clear Ukraine’s counteroffensive has failed after months of brutal fighting and heavy Ukrainian casualties.

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CNN Blames Fog Of War For Errant Reporting On Gaza Bombing, Russian Collusion, Jussie Smollett, Covington Catholic, Hunter’s Laptop, The Steele Dossier, Kyle Rittenhouse, Origins Of Covid (Continued In Article Please Click For More)

Posted by M. C. on October 23, 2023

https://babylonbee.com/news/cnn-blames-fog-of-war-for-errant-reporting-on-gaza-bombing-russian-collusion-jussie-smollett-covington-catholic-hunters-laptop-the-steele-dossier-kyle-rittenhouse-origins-of-covid-contd

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(Continued from headline) Trump calling Charlottesville neo-nazis “fine people,” COVID-19 vaccine effectiveness, Bubba Wallace garage noose, Trump telling people to inject themselves with bleach, BLM riots being “mostly peaceful,” Border Patrol agents whipping migrants, Trump commandeering his own limo, Gretchen Whitmer kidnapping plot, Jan 6 “insurrection,” Duke University lacrosse team rape allegations, critical race theory not being taught in public schools, the weather, the Los Angeles Dodgers having any chance of winning the World Series, how much money Michael Bloomberg could give every American, the effectiveness of wearing masks, “two weeks to flatten the curve,” Joe Rogan and Ivermectin, Bidenflation, Jeffrey Epstein, no irregularities in the 2020 election, right-wing extremists planning to attack all 50 state capitals, Don Lemon being described as a journalist, RT hacking C-SPAN, Dewey defeating Truman, the McRib being made from actual meat, only 10 years left to stop climate change, Trump will start World War III, Joe Biden had no involvement in Hunter’s international business dealings, Trump encouraged his supporters to storm the U.S. Capitol, Hillary Clinton had a 91% chance of winning the 2016 election, Rings of Power was a critically acclaimed show, and claiming to be “Most Trusted Name in News.”

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Chinese Fraud Rings, Other US Adversaries Stole Billions In Pandemic Relief Funds: Testimony

Posted by M. C. on October 23, 2023

The nearly $5 trillion in government relief spending during the COVID-19 pandemic—much of which was disbursed as direct payments to citizens—created the perfect storm for fraud. A combination of inadequate oversight and internal controls, large-scale organized fraud rings, and antiquated data and information systems contributed to the massive, widespread fraud we saw during the pandemic,” Ms. Miller told the subcommittee during her prepared testimony.

Is the GAO the only half-way honest government organization?

https://www.zerohedge.com/political/chinese-fraud-rings-other-us-adversaries-stole-billions-pandemic-relief-funds-testimony

Tyler Durden's Photo

by Tyler Durden

Sunday, Oct 22, 2023 – 11:55 PM

Authored by Mark Tapscott via The Epoch Times (emphasis ours),

Anti-waste and fraud controls were so lax on trillions of tax dollars being spent by federal and state government agencies on COVID-19 pandemic relief benefits that as much as half of those funds actually went to entities in China, Russia, and other U.S. adversarial nations, a congressional panel was told on Thursday.

Data on this is still being evaluated, but there are some estimates that half of the Pandemic unemployment assistance fraud went to adversarial nations,” said Linda Miller during testimony on Oct. 19 before the Oversight Subcommittee of the House Ways and Means Committee.

Rep. David Schweikert (R-Ariz.) speaks during a hearing at Longworth House Office Building, Capitol Hill in Washington on Sept. 14, 2021. (Alex Wong/Getty Images)

Her comments came in response to a question from Rep. Brian Fitzpatrick (R-Pa.) concerning a recent federal prosecution of a group of Chinese government-linked hackers who stole an estimated $20 million in relief funds.

Ms. Miller is the former Deputy Executive Director of the Pandemic Response Accountability Committee (PRAC) in the Department of Justice (DOJ). Michael Horowitz, the DOJ Inspector General, heads the PRAC office. She is also the former Assistant Director of the Government Accountability Office’s (GAO) Forensic Audits and Investigative Service group. She is now an anti-waste and fraud expert consultant.

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Rainy Day – Stay In, Get Down

Posted by M. C. on October 21, 2023

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How Much Do EV Batteries Cost?

Posted by M. C. on October 21, 2023

You can’t fix an easily damaged battery after an accident.

https://www.zerohedge.com/technology/how-much-do-ev-batteries-cost

Tyler Durden's Photo

by Tyler Durden

The cost of an electric vehicle (EV) battery pack can vary depending on composition and chemistry.

In this graphic, Visual Capitalist’s Bruno Venditti and Sabrina Lam use data from Benchmark Minerals Intelligence to showcase the different costs of battery cells on popular electric vehicles.

Size Matters

Some EV owners are taken by surprise when they discover the cost of replacing their batteries.

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Conservatism

Posted by M. C. on October 21, 2023

If conservatism means anything, it means upholding moral norms against the perennial temptation to erode or discard them. It’s a sign of our times that nominal “conservatives” now represent that temptation, and are assailing those-including some liberals-who are trying to conserve those norms.

Joseph Sobran – Subtracting Christianity/War and Moral Novelty

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