MCViewPoint

Opinion from a Libertarian ViewPoint

Does “Made In America” Still Matter To Consumers?

Posted by M. C. on July 22, 2023

https://www.zerohedge.com/markets/does-made-america-still-matter-consumers

Tyler Durden's Photo

BY TYLER DURDEN

Do American citizens care where their products come from? Well, it depends on who you ask.

Over the past few decades, the importance of “Made in America” – labels on products indicating production was done in the U.S. – has ebbed and flowed.

As China has grown into the United States’ economic rival and geopolitical adversary, the distinction between American-made and Chinese-made has resurfaced, even as some products have been mislabeled or locally produced but Chinese-owned.

How do people currently feel? This chart, via Visual Capitalist’s Avery Koop, uses survey responses from May 2023 out of Morning Consult, in which a representative sample of 1,000 U.S. adults were questioned on whether they had favorable views of products from U.S. companies using American or Chinese labor and parts.

Who Prefers American-Made?

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , | Leave a Comment »

The Market Always Overpowers The Busybodies

Posted by M. C. on July 22, 2023

Be seeing you

Posted in Uncategorized | Tagged: , | Leave a Comment »

Senate Moves To Block Sale Of Oil From Strategic Petroleum Reserve To China, Iran

Posted by M. C. on July 22, 2023

“We know China has been amassing the largest stockpile of crude in the world. Nevertheless, last year, the United States sold off part of our reserves to China.

Your Big Government in action

https://www.dailywire.com/news/senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran

By  Leif Le Mahieu

Golden yellow oil rig energy industry machine oil crude In the sunset backlighting
Credit: ZHENGSHENG via Getty Images.

The Senate on Thursday passed an amendment to the National Defense Authorization Act (NDAA) that would ban sales of oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and Russia.

The effort, which passed the Senate 85-12, was spearheaded by Senator Ted Cruz (R-TX) and West Virginia Senator Joe Manchin (D-WV). Under President Joe Biden, the SPR has been drained to 40-year lows.

“We know China has been amassing the largest stockpile of crude in the world. Nevertheless, last year, the United States sold off part of our reserves to China. I have been working with Senator Manchin to prohibit such inexplicably reckless moves in a bipartisan way. Our amendment prevents the federal government from selling oil from the strategic petroleum reserve to China, Russia, Iran, or North Korea. We should not be selling our emergency oil reserves to our adversaries,” Cruz said.

Manchin, a critic of the Biden administration’s energy policy, also warned about American oil going to China.

“Following Putin’s invasion of Ukraine, the U.S. ramped up production and exports to help meet global demand. It had been devastating to the world. China, on the other hand, stockpiled oil and held back refinery production and while China was stockpiling, one of its state-owned companies purchased over 1.4 million barrels from the United States of America, the people of our great country, from our own stock of reserves. That’s what we’re trying to stop,” the West Virginia Democrat said.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

In The Eye Of The Beholder

Posted by M. C. on July 21, 2023

Be seeing you

Posted in Uncategorized | Tagged: | Leave a Comment »

Trinity’s Shadow

Posted by M. C. on July 21, 2023

Many share this philosophy of despair disguised as progress as it has crept into everything today.  It is tragic, for if people accept it, we are doomed to follow a Faustian pact with the devil and all hell will follow.

https://edwardcurtin.com/trinitys-shadow/

Edward J. Curtin, Jr.

I sit here in the silence of the awakening dawn’s stillness stunned by the realization that I exist.  I wonder why.  It is my birthday.  The first rays of the rising sun bleed crimson over the eastern hills as I imagine my birth. The house and my family sleep.

Someday I will die and I wonder why.  This is the mystery I have been contemplating since I was young.  That and the fact that I was born in a time of war and that when my parents and sisters were celebrating my first birthday, my country’s esteemed civilian and military leaders celebrated another birth: the detonation of the first atomic bomb code-named Trinity.

Trinity has shadowed my life, while the other Trinity has enkindled my days.

Sick minds play sick word games as they inflict pain and death.  They nicknamed this death bomb “the Gadget,” as if it were an innocent little toy.  They took and blasphemed the Christian mystery of the Trinity as if they were mocking God, which they were.  They thought they were gods.

Now they are all dead gods, their fates sealed in their tombs.

Where are they now?

Where are all their victims, the innocent dead of Hiroshima and Nagasaki?

Where are the just and the unjust?

Where are the living now, asleep or awake as Trinity’s progenitors in Washington, D.C. and the Pentagon prepare their doomsday machines for a rerun, the final first-strike run, the last lap in their race to annihilate all the living?  Will they sing as they launch the missiles – “So long, farewell, auf Wiedersehen, good night?”

Joseph Biden, the second Roman Catholic president, while mocking the essence of Jesus’s message, pushes the world toward a nuclear holocaust, unlike JFK, the first Catholic president, who was assassinated by the CIA for pushing for the elimination of nuclear weapons and the end of the Cold War.

The wheel turns.  We count the years.  We wonder why.

Years ago I started my academic life by writing a thesis entitled “Dealing With Death or Death Dealing.”  It was a study of the transformation of cultural symbol systems, death, and nuclear weapons.  The last hundred years and more have brought a transformation and disintegration of the traditional religious symbol system – the sacred canopy – that once gave people comfort, meaning, and hope.  Science, technology, and nuclear weapons have changed all that. Death has been socially relocated and we live under the nuclear umbrella, a sinister “safeguard” that is cold comfort. The ultimate power of death over all life has been transferred from God to men, those controlling the nuclear weapons. This subject has never left me.  I suppose it has haunted me.  It is not a jolly subject, but I think it has chosen me.

Was I born in a normal time?  Is war time our normal time?  It is. I was.

But to be born at a time and place when your country’s leaders were denouncing their German and Japanese enemies as savage war criminals while execrably emulating them and then outdoing them is something else again.  With Operation Paperclip following World War II, the United States government secretly brought 1,600 or more Nazi war criminals into the U.S. to run our government’s military, intelligence, space, chemical, and biological warfare programs.  We became Nazis.  Lewis Mumford put it this way in The Pentagon of Power:

By the curious dialectic of history, Hitler’s enlargement and the refurbishment of the Nazi megamachine gave rise to the conditions for creating those counter-instruments that would conquer it and temporarily wreck it. In short, in the very act of dying the Nazis transmitted their disease to their American opponents; not only the methods of compulsive organization or physical destruction, but the moral corruption that made it feasible to employ those methods without stirring opposition.

There are always excuses for such moral corruption.  When during WW II the U.S. firebombed almost all Japanese cities, Dresden and Cologne in Germany, and then dropped atomic bombs on Hiroshima and Nagasaki killing hundreds of thousands of innocent civilians in gratuitously savage attacks, these were justified and even celebrated as necessary to defeat evil enemies.  Just as Nazi war criminals were welcomed into the U.S. government under the aegis of Allen Dulles who became the longest running CIA director and the key to JFK’s assassination and coverup, the diabolic war crimes of the U.S. were swept away as acts of a moral nation fighting a good war.  What has followed are decades of U.S. war crimes from Korea through Vietnam and Iraq, etc.  A very long list.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , | Leave a Comment »

Lockheed Martin Predicts Strong Profits as Global Instability Rises

Posted by M. C. on July 21, 2023

However, Lockheed has struggled to produce F-35s that can perform its promised abilities. In May, the government found the planes’ engines have a serious problem dealing with heat. “The F-35’s engine lacks the ability to properly manage the heat generated by the aircraft’s systems,” POGO reported. “That increases the engine’s wear, and auditors now estimate the extra maintenance will add $38 billion to the program’s life-cycle costs.”

“struggled”…How quaint

https://libertarianinstitute.org/news/lockheed-martin-predicts-strong-profits-as-global-instability-rises/

by Kyle Anzalone

Lockheed Martin believes global instability is driving demand and sees an increase in annual profits. Washington’s proxy war in Ukraine has caused an increase in arms spending among NATO members, boosting weapons makers’ stock prices. 

On Tuesday, Lockheed raised its annual profit and sales outlook on strong demand for military equipment. After making the announcement, the company’s stock price increased by one percent. Reuters reports, “[Lockheed] expects full-year net sales to be between $66.25 billion and $66.75 billion, up from its earlier forecast of $65 billion to $66 billion.”

The billions in profit are driven by sales of big-ticket systems like the F-35. However, Lockheed has struggled to produce F-35s that can perform its promised abilities. In May, the government found the planes’ engines have a serious problem dealing with heat. “The F-35’s engine lacks the ability to properly manage the heat generated by the aircraft’s systems,” POGO reported. “That increases the engine’s wear, and auditors now estimate the extra maintenance will add $38 billion to the program’s life-cycle costs.”

The arms maker has additionally experienced a boost in demand for smaller systems, like the Javelin anti-tank missile. The White House has shipped thousands of Javelin systems to Kiev since Joe Biden took office. 

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Enemies Above: The FBI and the Creation of the Brown Scare Myth

Posted by M. C. on July 21, 2023

To achieve its mission to monitor the AFC and its leadership, principally Charles Lindbergh, the FBI employed its usual litany of odious and often extralegal collection techniques, including wiretaps, break-ins, and bugging. The entirety of the FBI’s surveillance campaign against the AFC was done without a criminal predicate, and was, therefore, illegal. 

As in the past, supporters of current American foreign policy, either earnestly or cynically, compare their domestic opponents to agents of outside hostile actors. Meanwhile, the federal government, yet again, has inserted itself into the domestic foreign policy debatemonitored antiwar activists, and allegedly suppressed online speech on behalf of a foreign power.

https://libertarianinstitute.org/articles/enemies-above-the-fbi-and-the-creation-of-the-brown-scare-myth/

by Brandan P. Buck 

“Today’s threat to our national security is not a matter of military weapons alone. We know of new methods of attack. The Trojan Horse. The Fifth Column that betrays a nation unprepared for treachery.”

Such were the remarks from President Franklin Delano Roosevelt’s fireside chat on May 26, 1940. Roosevelt’s sentiments captured and propagated a growing sense of fear and paranoia that the United States was entering a covert war with a hostile foreign power. These sentiments, coupled with the steps taken by the United States government to fight them, are strikingly similar to those of today. With Vladimir Putin as a stand-in for Hitler and MAGA for the alleged rising presence of domestic fascism, supporters of the foreign policy status quo are mobilizing a version of history to frame current dissent as beyond the pale and to justify their extraordinary steps to curtail it.

As they had during the Great War, the United States government and American interventionists preceded official entry into World War II with a concerted effort to convince Americans of the need to aid the Allies. This push to move foreign policy opinion accompanied a growing panic concerning domestic extremism, particularly on the Right, in what historian Leo Ribuffo called “the Brown Scare.”

The Federal Bureau of Investigation (FBI) was among the institutions that perpetuated the scare and constricted American foreign policy opinion. During the height of the “Great Debate” concerning American entry into the Second World War, the White House used the FBI as a means to surveil and gather political intelligence. The FBI’s authority to conduct these operations stemmed from a 1936 directive in which FDR formally granted the bureau the power to monitor “subversive activities,” primarily the presence of explicitly illiberal organizations like the German American Bund. The fear of domestic extremism, coupled with the domestic security demands of the Second World War, proved a boon to the FBI and the career of its director, J. Edgar Hoover. From 1933 through the end of World War II, the FBI’s budget grew 16-fold and its number of agents rose from 266 to around 5,000. With the outbreak of war in Europe, and the ensuing foreign policy debate in the United States, the FBI’s writ to monitor “subversive” organizations was extended to noninterventionist groups, chiefly, the America First Committee (AFC).

To achieve its mission to monitor the AFC and its leadership, principally Charles Lindbergh, the FBI employed its usual litany of odious and often extralegal collection techniques, including wiretaps, break-ins, and bugging. The entirety of the FBI’s surveillance campaign against the AFC was done without a criminal predicate, and was, therefore, illegal. In addition to the FBI’s assortment of black-bag techniques, the bureau also attended AFC meetings, gathered their materials, and collected public and often derogatory information on members and leadership. Among the information collected during the FBI’s campaign was some of the non-interventionist Senator Gerald Nye’s correspondence, collected incidentally during an illegal wiretap in the execution of another and eventually unfounded investigation. Knowledge gathered by the FBI, either fair or foul, revealed nothing legally actionable but did provide the Roosevelt administration and its allies in Congress with information it would not have otherwise obtained.

Throughout 1941, FBI headquarters and field offices received reports from private citizens in which they offered up gossip, commentary, and concerns about the America First Committee, its members, and its activities. Letters to J. Edgar Hoover and other government officials, located within the FBI files on the AFC, revealed that numerous Americans voluntarily participated in the FBI’s domestic surveillance and legitimately believed that non-interventionism presented an existential threat to the nation and advocated for authoritarian measures to address the presence of the alleged internal threat.

In a letter addressed to President Roosevelt, one such correspondent from Philadelphia, Pennsylvania wrote, “I therefore implore you, or have someone In Washington, try to break this rotten [America First Committee]” and added that “a Democracy should not permit traitors to go on and on and on causing more disunion.” Similarly-minded individuals who wrote to the FBI saw the AFC as an enemy within and opined on possible solutions to this “fifth column.” One concerned citizen floated the idea of sending AFC’s leadership “to concentration camps, or some place [sic] where they could do no more harm.” In a letter dated from June 10, 1941, a full seven months the attack on Pearl Harbor, another correspondent agreed with such sentiment. Its author complained that the FBI was unwilling to find all the “subversive individuals,” i.e., antiwar activists, and “round them all up.” Not content with mere extrajudicial imprisonment, still, another writer to the FBI lamented that America was too lenient with the America Firsters to do what other countries, “big or small,” do with their “traitors,” and put them “against the wall.”

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

FBI facilitated social media ‘takedown requests’ made by Ukrainian spy agency: report

Posted by M. C. on July 21, 2023

“In light of well-documented instances of the FBI’s civil liberties abuses, this new information raises grave concerns about the FBI’s credibility as the nation’s premier law enforcement organization,” the report states.

It alleges that the “FBI violated the First Amendment rights of Americans and potentially undermined our national security.” 

https://nypost.com/2023/07/10/fbi-facilitated-social-media-takedown-requests-made-by-ukrainian-spy-agency-report/

By 

Victor Nava

The FBI colluded with a Ukrainian intelligence agency to pressure social media companies into taking down accounts accused of spreading Russian disinformation — some of which belonged to Americans, a House committee said.

The report issued by the House Judiciary Committee and the Select Subcommittee on the Weaponization of the Federal Government on Monday was part of the Republican-controlled committees’ probe into the federal government’s role in censoring speech on social media platforms.

The report is based on documents subpoenaed from Meta – the parent company of Facebook and Instagram – and Alphabet – the parent company of Google and YouTube – in February.

“In light of well-documented instances of the FBI’s civil liberties abuses, this new information raises grave concerns about the FBI’s credibility as the nation’s premier law enforcement organization,” the report states.

It alleges that the “FBI violated the First Amendment rights of Americans and potentially undermined our national security.” 

The FBI did not respond to The Post’s request for comment. 

The committees found that following Russia’s invasion of Ukraine, the Security Service of Ukraine (SBU) enlisted the FBI in support of an effort to combat the spread of “Russian disinformation” on social media. 

According to a House committee report, the FBI colluded with a Ukrainian intelligence agency to pressure social media companies to take down posts.
According to a House committee report, the FBI colluded with a Ukrainian intelligence agency to pressure social media companies to take down posts.

As part of the effort, the SBU transmitted lists of social media accounts to the FBI that it wanted to be banned and the bureau, in turn, “routinely relayed these lists to the relevant social media platforms.” 

The report characterizes the SBU’s initiative as a “censorship operation” and accuses the intelligence agency of having been “compromised by a network of Russian collaborators, sympathizers, and double agents at the time of its interactions with the FBI.” 

The committee claims that “the authentic accounts of Americans, including a verified US State Department account and those belonging to American journalists” were ensnared in the censorship effort and flagged for social media companies to take down. 

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Shrinkflation and Skimpflation Are Eating Our Lunch | Mises Wire

Posted by M. C. on July 20, 2023

And while firms are reducing the quantity and quality of the food they sell, consumers are also choosing to purchase less food and even lower-quality food. The January 2023 report on consumer inflation sentiment shows that 69.4 percent of respondents “reduced quantity, quality or both in their grocery purchases due to price increases over the last 12 months.”

https://mises.org/wire/shrinkflation-and-skimpflation-are-eating-our-lunch

Jonathan Newman

Economist Jeremy Horpedahl dismissed the silly claim by anticapitalists that capitalism must engineer food scarcity for the sake of profits. He presented a graph of Bureau of Labor Statistics (BLS) data demonstrating a substantial decrease in household food expenditure as a percentage of income—from 44 percent in 1901 to a mere 9 percent in 2021. This is something to celebrate and certainly can be attributed to the abundance of market economies.

But when Jordan Peterson asked, “And what’s happened the last two years?” I went digging. First, I confirmed Horpedahl’s observation: the amount we spend on food as a proportion of our budget has fallen dramatically. Second, I saw what Peterson hinted at: a significant spike in food spending when covid and the associated mess of government interventions hit (figure 1).

Figure 1: Food and personal consumption expenditures, 1959–2023

Source: US Bureau of Economic Analysis, FRED.

Interestingly, the spike looks like a blip. Someone oblivious to the events of the past few years might see this chart and say, “Yeah, something strange happened in 2020, but it looks like everything is back to normal.” I’m certain that this doesn’t align with anyone’s experience, however. Even today, no one would say that restaurant visits and grocery store trips cost the same as they did in 2019.

What changed in 2020? Why does this graph not feel right? Assuming the Bureau of Economic Analysis data isn’t totally off (and it is important to be skeptical of government data), why would a January 2023 report on consumer inflation sentiment conclude that “there is a disconnect between the inflation data reported by the government and what consumers say they now pay for necessities”?

The difference lies in the qualitative aspects of our experience as consumers. Spending proportions may have returned to their trend, but that isn’t the whole story. “Shrinkflation” and “skimpflation” have taken their toll on the quantity and quality of the food we enjoy—or maybe the food we tolerate is more apt.

Businesses know that charging higher prices is unpopular, especially when many consumers are convinced that greed is driving price inflation. So businesses resort to reducing the amount of food in the package, diluting the product but keeping the same amount, or otherwise cutting corners in ways that consumers may not immediately notice.

Thankfully, websites such as mouseprint.org document some of these cases:

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Anderson Cooper Is A Disgusting CIA Goon

Posted by M. C. on July 20, 2023

https://caitlinjohnstone.substack.com/p/anderson-cooper-is-a-disgusting-cia?utm_source=substack&utm_medium=email

CAITLIN JOHNSTONE

In a recent CNN interview of US presidential candidate Cornel West, former CIA intern Anderson Cooper argued that the US invasion of Iraq was morally superior to the Russian attack on the city of Grozny.

Pushing back against West’s claim that NATO provoked the Russian invasion of Ukraine and his call for ceasefire negotiations, Cooper argued that Putin was too evil and murderous to agree to stop slaughtering people.

“I mean, you saw what he did to Grozny in the nineties,” Cooper said. “I mean, he flattened that city. Civilians were trapped in that city. The world didn’t come to the rescue of Grozny. He did exactly what he wanted to do. I mean, unchecked, he will slaughter people.”

“Well, I mean, unchecked, he will slaughter folk, unchecked, what we did in Iraq was slaughtering people, unchecked,” West replied, when Cooper began frantically interrupting him.

“Nation states do that and they are wrong. And when they’re wrong, you have to point it out,” West continued while Cooper talked over him.

“Look, again, I respect you,” Cooper said. “You know I love you, but I do think it’s inappropriate to compare the Russian bombing of Grozny, and what we witnessed there with the war in Iraq. I mean, to say that innocents were killed. I mean, there’s no doubt about it. I mean, the horrible things happen—”

“Half a million Iraqis killed, my brother? Half a million,” interjected West.

“I certainly understand,” said Cooper. “I also saw a lot of Americans getting killed. And I saw, you know, the horrors of Saddam Hussein.I don’t think it’s accurate to compare the pummeling of a city by Russian artillery, with civilians inside, pummeling every single day with the intention of just destroying and flattening a city with actions the US took.”

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »