MCViewPoint

Opinion from a Libertarian ViewPoint

Peter Schiff: Price Controls Are Coming

Posted by M. C. on March 12, 2024

“Housing isn’t driving anything. Housing’s just gone along for the ride. The driver is Maxine Waters and her buddies in Congress. They’re driving the inflation bus, not housing. Housing’s just riding in the bus along with everything else. The driver of inflation is deficit spending and the money that the Federal Reserve prints to monetize that debt.”

With price controls look for shortages that will make covid shortages look mild.

SchiffGold.com

This week, Peter reacts to politicians’ sophomoric views on inflation and explains the recent surge in the price of gold. He also comments on the first day of Jerome Powell’s congressional testimony. Be sure to watch Peter’s special extra episode from earlier this week if you missed it. 

Peter thinks the price of gold has finally broken free from resistance, and it’s going to keep rising. Because retail investors have been dumping gold recently, a retail sell-off is unlikely to bring gold below where it is now:

“This rally is the first rally to new highs where the public is not participating. In fact, for weeks—actually months— leading up to the new high, the public was getting out of gold. … I think that’s a great contrarian indicator, and I think that’s a sign that this rally has legs, because normally the market peaks when you get a rush of buyers that come in. And now the market gets overbought, it gets saturated, and then there’s a correction.”

Even more promising for gold is the fact the central banks are increasing their purchases of the yellow metal, and they aren’t planning on selling it anytime soon:

“The central banks are the buyers, and they’ve got huge war chests of foreign currency reserves, plus they can print their own money and use that to buy gold. And I don’t think the central banks are that price sensitive. … They don’t want to run the price up, they want to buy it, but their goal is to have more gold, and their goal is not to sell any of this gold.”

If the retail sector stops selling and central banks keep buying gold, they’ll inevitably bid its price up even higher than it is today:

“The market is under supplied, and it’s about to run into a huge increase in demand. And what does that tell you? That means that the price of gold has a long way to go to catch up to clear that market. Gold is very undervalued right now, and it has been for some time, and that is the opportunity to buy it before it’s repriced to a realistic valuation.”

Pivoting to recent political news, Peter takes aim at Congresswoman Maxine Waters, who spuriously claims that housing prices cause inflation. Peter corrects her:

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Biden’s ‘Nighttime in America’ State of the Union

Posted by M. C. on March 12, 2024

The Ron Paul Liberty Report

Last week President Biden delivered a dark and angry speech meant to convince the low percentage of Americans who still feel positive about his presidency that everything is fine and will only get better if he is re-elected for a second term.

Unfortunately we have come a long way from the optimism of a Ronald Reagan, who won a second term partially on the popularity of his “Morning in America” campaign commercials. Reagan was far from a perfect president, but it was that sense of optimism in otherwise difficult times that resulted in a record re-election victory. Biden’s speech, by contrast, was dark and angry, attacking not only his political opponents but even seeming to threaten the Supreme Court!

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California To Illegals: ‘Want Some Free Money?’

Posted by M. C. on March 11, 2024

The Ron Paul Liberty Report

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What the Western Press Didn’t Say About the Leaked Luftwaffe Conversation

Posted by M. C. on March 11, 2024

What if a conversation between Russian officials discussing the explosion of a bridge in Germany had been revealed? Would Western press coverage also treat the leak as something more serious than threats of military attack?

Eduardo Vasco

This forced the mainstream Western media – especially German ones – to report the leak. But whoever thought that a miracle would happen, that is, that the Western press would finally raise the issue of NATO’s military threats against Russia… well, those people are simply very naive.

On March 1, the editor-in-chief of the Rossiya Segodnya group, journalist Margarita Simonyan, revealed, on her Telegram channel, a 38-minute audio in which officers from the German Air Force (Luftwaffe) discussed the possibility of sending missiles long-range Taurus to Ukraine and whether they would be able to reach the Crimean bridge in the Kerch Strait, which connects the peninsula to the mainland and is Russian territory.

The Russian press, naturally, made much of the revelation. This forced the mainstream Western media – especially German ones – to report the leak. But whoever thought that a miracle would happen, that is, that the Western press would finally raise the issue of NATO’s military threats against Russia… well, those people are simply very naive.

The Western mass media, as always, tried to manipulate the news and hide the main issue.

The New York Times, The Washington Post, BBC, The Guardian, Die Welt and Der Spiegel published 39 articles on the topic on their respective websites between the time the news was revealed and the evening of March 6th (when I write these lines).

The two North American newspapers did not want to highlight the matter. The Post published two reports and the Times only one. The three expressed concern about the fragility of German intelligence security systems in the face of Russian espionage.

The Europeans, as has been the case for some time, carried much more propaganda against Russia. The BBC published four articles, all referring to the failure to protect Luftwaffe communications. The Guardian published five articles. The majority warns of the Germans’ failure and treats the Russians as great, threatening villains. However, it is necessary to make an honorable mention of Simon Jenkins’ column, the only one who was allowed to say that the leaked conversations demonstrate that NATO is threatening Russia with an escalation in the conflict.

As we all know, this drop of water in the middle of the ocean has no chance of counterbalancing the flood of war propaganda and fake news from the British press against Russia. Newspaper owners only allow freedom of expression when it is harmless – and try to isolate minimally independent opinions.

Now let’s talk about German newspaper coverage. Die Welt published 18 pieces about the leak scandal, and treated it as such. Of course, the main reason for the scandal was – for German war propagandists – the interception and dissemination of the conversation, not its content.

The entire repercussion of Die Welt revolves around failures in the security system of the German armed forces and Russian espionage. The possibility of Olaf Scholz sending the Taurus to Zelensky is briefly discussed and it is even stated that Germany is putting its Western allies in danger by allowing the interception of conversations that may mention confidential and compromising information – such as the participation of British soldiers in Ukraine, as mentioned in the conversation in question.

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“When Will They Learn?”

Posted by M. C. on March 11, 2024

by Jeff Thomas

Dependency upon government is a disease. Once it has been caught, it becomes chronic and does not reverse itself in a population until the system collapses under its own weight.

Again, this will not be the liberal view when the time comes. Instead, they will conclude, as they do now, that freedom is a small price to pay for safety.

For many years, frustrated colleagues of mine who are either conservative or libertarian have posed the rhetorical question, “When will those liberals learn?” Surely, at some point (they reason), liberals will recognise that bailouts, entitlements, and a “planned” society simply do not work. It’s not even a question of whether liberalism is a laudable concept. The problem is that it just… doesn’t… work.

Of course, my colleagues are correct in their appraisal of the liberal concept. Unfortunately, they are gravely mistaken in their belief that there comes a point at which the liberal “bubble” pops and suddenly all liberals wake up and smell the coffee.

Truth be told, as long as governments can benefit from maintaining a strong liberal consciousness in their citizenry, and as long as they can count on the media to maintain that consciousness, it will always be possible to convince liberal thinkers that, whatever negative events have taken place in a given country, they are the fault of the “enemy”—the non-liberal contingent.

But, surely, when there is clear-cut evidence that liberal policies have failed, liberals must accept that liberalism is an economic and social dead end. No, I’m afraid not. Let’s look at how just three examples are likely to play out—not as we’d like to see them play out, but how they will play out in reality.

When the bailouts end, the economy will collapse. Liberals will then grasp that bailouts do not work. Not so, I’m afraid. Although endless QE is as implausible as perpetual motion, when it is finally halted, the economy will inevitably crash, and crash badly—made worse by QE. Will liberals then realise the failure of QE? No, they will only argue that the only problem was that it was halted—that, had it continued, it would eventually have saved the day.

No liberal will hazard a guess as to what amount of QE or length of time would have created salvation; however, the blame for the crash will be placed squarely at the feet of the greedy One Percent, whom the liberals will say “engineered the end of QE in order to impoverish and enslave the middle class.” Liberals will be more committed than ever to government spending as a solution.

When cities such as Bradford in the UK or Detroit in the US reach fiscal collapse, liberals will realise that ever-increasing entitlements are simply not sustainable, that such tax-based benefit programmes drive out thriving industries, leaving the poor behind, in a dying metropolis. Again, this will not happen. Instead of learning the obvious lesson, liberals will redouble their belief in collectivism. They will reason that the government had successfully protected inner city workers through benefit programmes. However, big business, wanting to create slaves of workers, sent jobs overseas, to countries where enslavement by the rich is still possible.

By doing so, they removed tax dollars from the system, causing the impoverishment of inner-city dwellers, destroying their lives. Rather than abandon social programmes as ineffective, liberals will set about creating massive relocation programmes, such as moving the disenfranchised inner-city people to areas where there is sufficient local business for taxation to continue supporting those on public assistance. In so doing, those areas that were previously economically viable will also be bled to the point of fiscal failure, spreading the disease. However, the liberal conclusion will remain the same: “The problem is the greedy rich.”

When the government has fully morphed into a dictatorial police state, liberals will realise that governmental overreach has destroyed their liberty.

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Which Country Has The Most Brutal Mafia Or Criminal Organization? (Gangs Are Alive And Thriving. They’ve Simply Evolved With The Times.)

Posted by M. C. on March 11, 2024

https://madgewaggy.blogspot.com/2024/03/which-country-has-most-brutal-mafia-or.html

The golden age of organized crime may seem like a thing of the past in this era of surveillance. Law enforcement officers have technology and profiling capabilities now that they never had in the past. But make no mistake: Gangs are alive and thriving. They’ve simply evolved with the times. And we’re not just talking about low-level street gangs, either. Complicated, cunning, and cryptic multinational gangs still control the underworld in our modern age.

In my opinion, I think the most powerful criminal organization in the world is the various Italian organized crime groups known as the Italian Mafia. These include Cosa Nostra, ‘Ndrangheta, Camorra, Sacra Corona Unita, La Stidda, Mafia Capitale, Basilischi and more.

First of all, from all of the research I have done, the Cosa Nostra, ‘Ndrangheta, Camorra, and Sacra Corona Unita make a combined $170-$180 billion per year. That is more than any other criminal organization that I have heard of. This would make them the 19th highest earning “company” in the world when compared to legitimate corporations. Remember, those are the 4 most powerful of the Italian groups, that figure does not include the other various groups. Money means power, they are able to buy vast amounts of weapons, vehicles, and whatever else they need for their operations. Not to mention, they can also buy many politicians and law enforcers.

Martyn V. Halm (Combat Pragmatist) cited a 2014 article in Fortune which is factually incorrect, their “estimates” are way off when it comes to the annual revenue of these organizations. In the article, it claims the ‘Ndrangheta makes $4.5 billion/year, this is not the case, as they make $72 billion/year according to various European and American law enforcement agencies.

They are one of the largest criminal organizations in the world. Combined, they have around 300,000 members and associates spread across various countries. There is strength in numbers is a statement which is often true.

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They are very widespread, they operate in many places such as North America, South America, Africa, Europe, Russia, and Australia. This gives them the advantage of having a global reach and being able to call on support/flee to anywhere in the world. This global support gives on-the-run mobsters places to hide, ability to call for help, and better business opportunities, as ethnically-similar crime groups often do business with each other because

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a) They trust each other more

b) They often share a similar history

Alliances, Italian organized crime groups (OCGs) have been known to cooperate with each other on many occasions. Sure, many other criminal groups work together as well, but Italians seem to have the best relationship with each other and seem to have the most peace among themselves as opposed to other ethnic criminal groups. Sure, they fight, they are criminals, but they seem to fight the least among each other. This re-enforces the past two points I made, and is a huge advantage for them.

Money-making versatility, this also goes for other criminal organizations such as the Bratva (Russian Mafia) but being involved in a dozens of different criminal operations allows them to fall back on something if one operation goes awry. It also gives them an opportunity to increase and spread their power and influence in a given area. Such as Cosa Nostra controlling labor unions to control entire ports, and sometimes even entire industries.

Legitimate businesses. Again, other OCGs own legitimate businesses too, but Italian OCGs seem to be most heavily involved in legit businesses in comparison to other groups. As I mentioned above, they are involved in unions, they own construction companies, various restaurants, they own real estate (‘Ndrangheta owns almost entire neighborhoods in Germany and Brussels as a form of investment.)

Also watch this video: Where is the best place to live in the US during and after the apocalypse?

To recap:

1.Italian OCGs make the most money.

2. Italian OCGs are larger in numbers.

3. They are one of the most, if not the most widespread.

4. Great internal relationships.

5. Money-making versatility.

6. Involvement in legitimate enterprises.

Time for some counterarguments (I am going to name a powerful global OCG that others may have mentioned but I will explain why I believe they are not as powerful as the Italian OCGs globally)

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Did ‘Toria’ Jump…Or Was She Pushed?

Posted by M. C. on March 11, 2024

by Daniel McAdams

Bonus – Humor from Blinken: US Secretary of State Antony Blinken is not a particularly funny person, but in an incredibly flowery send-off for Nuland he inserted several unintended zingers that were difficult to get through with a straight face. Of Nuland, for example, he effused, “she has personified President Biden’s commitment to put diplomacy back at the center of our foreign policy,” which is hard to swallow without a guffaw considering that the Administration is literally at war with most of the globe. War on Yemen, proxy war on Russia, fighting in Iraq, airstrikes in Syria, drone strikes in Somalia, saber-rattling toward China. Threats to Belarus and most of the rest of the global south.

https://ronpaulinstitute.org/did-toria-jump-or-was-she-pushed

(This was first published as an update exclusive for Ron Paul Institute subscribers. Subscribe for free here.)

The sudden retirement announcement by State Department Deputy Secretary for Political Affairs Victoria “Toria” Nuland earlier this week left many US foreign policy watchers – your author included – trying to read the tea leaves to see what was actually going on.

There are plenty of theories and speculations as to what motivated someone like Nuland – whose entire professional career seemed to hinge on getting this proxy war on Russia started  – to suddenly pack it in and pull out of the game, mid-inning. Especially as the Biden Administration and its supporters still largely claim (in public) that Ukraine can “win” and in fact is winning (with just one more cash infusion from Washington). Who would walk away when your life’s work was just coming to fruition? Does it make any sense?

There are many theories. Let’s look at some of them.

First theory: Cashing in. A sober Nuland sees the failure of “Project Ukraine” and wants out before it gets too hot in the APC. The neocons are very good at one thing: distancing themselves from their worst disasters in the most timely of manners. Example: all neocons circa 2006: “I never really believed Iraq had WMDs!”

In fact neocon Senator Marco Rubio just this week said that he’d always known Ukraine couldn’t win, but, “tried not talk about this publicly because I thought it undermined the leverage that Ukraine had.”

So at age 62 with a second Biden term looking very iffy, is Nuland looking to cash in for all her years in “government service” before her brand is tarnished by another Afghanistan-style collapse in Ukraine? There surely are plenty of think tank sinecures available for the likes of Nuland. The money that most Americans believe goes to protect us in the yearly National Defense Authorization bills, in fact to a grotesque degree goes to the Beltway “think tanks” promoting war – and is thereby used to promote…more military spending!

My old friend Chuck Spinney’s “self-licking ice cream cone.”

Then there are the universities, which bathe luxuriously in government money and in turn return the favor by slavishly supporting the national security state – that money tide that raises all boats.

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All Wars are Bankers Wars…. Here’s Why the Warmongering is About to Start

Posted by M. C. on March 11, 2024

If we are to meet the goals of the WEF (clearly and in repeated ways being population reduction), then what better way to get there than war. Ukraine was the pilot project. Clearly, it’s not about winning. That was never going to happen, and sadly the military industrial complex knew this. It is nothing to these psychopaths that over a million Ukrainians are dead, and they’re now apparently looking to call up women. You know, equality and all that. Gender is a spectrum, right?

One of the reasons the Fed was created, to pay the MIC for war. You can only squeeze so much out of the unwashed masses.

by Chris MacIntosh

Wars

We highlighted before how the UK and Australia have begun preparing the nations for war with Russia. We had the Swedes do the same, and now the clog-wearers are getting in on the mania. The entire EU will soon be on this.

Now, I know what you’re thinking. The Brits? Ok, these are the same people who think Spam is cuisine, and that was AFTER ruling much of the world. Can you imagine walking into a ridiculously well stocked buffet hall with every imaginable cuisine available to you — Argentinian asado, Thai coconut curries, sushi, lasagna, garlic prawns — and you say, “No, I’ll have the Spam and beans, thanks.” So I’m going to just put the Brits and their decision making capabilities into the “questionable” bucket.

The same for the Ozzies. Why? Easy. These are the same people who choose to live with eight of the world’s 10 most dangerous animals, and I’m not even counting the politicians, so… But this is clearly a rollout. The coordination has all the hallmarks of the COVID scam rollout. And look, it’s all the same players. Next up Canada and New Zealand. I’d bet Nancy Pelosi’s stock portfolio on it.

From Newsweek article:

The commander of the Dutch army on Thursday called on the Netherlands to become better prepared for a potential future war with Russia.

“The Netherlands should be seriously afraid of war, and our society should prepare for it…Russia is getting stronger, ” Lieutenant General Martin Wijnen, commander of the Royal Netherlands Army, said in an interview with the newspaper De Telegraaf.

It’s the same method they used with COVID.

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Covid Showed Us Who Really Rules America

Posted by M. C. on March 11, 2024

If we want to know what really limited the regime’s power during the Covid Panic, we must look to the “do-not-comply” activists who were willing to lose jobs and social status as a result of their opposition to the regime. It was primarily the people portrayed as crazed malcontents by the regime who stood between the regime and the full use of its power. The US constitution and the Bill of Rights played virtually no role in limiting the state’s power during the emergency.

fm

03/05/2024 • Mises WireRyan McMaken

https://mises.org/mises-wire/covid-showed-us-who-really-rules-america

This month marks the fourth anniversary of one of the most disastrous assaults on human rights in American history. It was on March 16, 2020 that the President Trump issued “guidelines” for “15 days to slow the spread” which stated that “Governors of states with evidence of community transmission should close schools in affected and surrounding areas.” The administration instructed all members of the public to “listen to and follow the directions of your state and local authorities.”

It was at this time that an American president, for the first time in American history, introduced the idea that it was possible—and perfectly legal—for government institutions to “close down” the economy by forcibly shutting, en masse, countless businesses, schools, and churches. Trump stated repeatedly in press conferences that it was up to government officials to decide “if we open up.” It quickly became standard procedure for health bureaucrats, governors, and media figures to casually speak of “closing the economy” or “opening up” as if we were talking about a coffee shop deciding on closing time.

Meanwhile, across the country, local law enforcement officers willingly worked to arrest or harass business owners, worshipers at church, soccer moms at the park, and anyone else with the temerity to venture outdoors for activities not approved by the ruling class. 

The small minority of Americans that remained committed to human rights and private property soon discovered how powerless they really are. Many dissenters were dismayed by a lack of action from the courts, and how elected officials were apparently unwilling or unable to rein in the vast new powers of “health” officials. Was there nothing that could limit the state’s power? This was confusing for many people because many have been (and remain) enamored of the idea that written constitutions limit state power when it matters most. 

Many dissenters learned a valuable lesson from the experience, however: during the Covid Panic of 2020 and 2021, it became abundantly clear how little constitutional government and the so-called “rule of law” actually limit a regime’s power in times of perceived emergency. It is during emergencies, in fact, when we learn who really holds political power, and how ineffective are constitutional measures designed to limit it.

True Power Is Revealed by Emergencies 

As the Covid Panic revealed to us, the real, de facto ruling class is the executive state which effortlessly ruled by decree during the covid crisis. This ruling clique—an oligarchy of governors, academic “experts,” media billionaires, and countless nameless and faceless unelected bureaucrats—has illustrated in recent years how irrelevant elected lawmakers can be to the use of political power.

This problem is not new, nor have scholars only recently noticed it. Libertarian political scientists Carlo Lottieri and Marco Bassani have noted that the problem of emergency power has long been a concern for radical free-market liberals, especially those of the Italian school of elitism. These scholars recognized that political power in times of emergencies is exercised by individual persons who are unconcerned with abstract limits on their power. This fact is fundamentally at odds with the abstractions of the constitutionalists who imagine that the state monopoly on coercion can be rendered relatively harmless via written constitutions. That is, the constitutionalists believe the written law will somehow restrain the ruling class, even in emergencies. 

In practice, however, this doesn’t happen. Lottieri and Bassani explain what the constitutionalists get wrong:

The constitutionalist claim to justify the State’s monopoly of violence has been challenged directly by the radical libertarian tradition (Molinari) and by individualist anarchists (such as Lysander Spooner). However, an important role in bringing the modern State into perspective has also been played by European political realism and, in particular, by Carl Schmitt and the Italian elitist scholars (Gaetano Mosca and Vilfredo Pareto).

Schmitt’s importance rests very much on his intuition that in every State there is first a political dimension and then a decision, which cannot be obscured by the so-called “impersonality” of law and the “super-individuality” of orders. Beyond the apparent abstraction of the State … Schmitt uncovered choices, interests, and, in short, people that impose their will on others.

The constitutional thought of classical and contemporary liberalism has constantly tried to neutralize politics, but it has failed. … [T]he real sovereign is the political group that has the final decision about the critical situation, in the state of emergency. The locus of sovereignty thus becomes the political entity (which in our time is the State), and the decision on the state of emergency is the ultimate test of sovereignty. Legal positivism tried hard to refute the importance of this notion, but critical decision making is paramount in the development of human relations.

Lottieri further notes that the fantasy of a neutral regime constrained by mere legal barriers is “simply impossible.” Yet, the naive view has often made the state appear less dangerous and has convinced many to accept the state’s monopoly of violence. 

This is illustrated in the fact that the efforts to implement lockdowns in the United States were thoroughly bipartisan. Opposition to lockdowns was virtually nonexistent within regime institutions themselves. The Trump administration, the CDC, the legacy media, social media, state medical boards, state governors, and local health officials were all more or less in lockstep in March and April 2020.

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A Libertarian Perspective on the Gay Rights Movement

Posted by M. C. on March 8, 2024

Free association means allowing gay people to lead gay lifestyles, but it also means allowing others to disassociate with them.

They are in effect asking the government to use violence of the sort previously employed against them at Stonewall, and for many decades before that time, against their present victims.

https://fee.org/articles/a-libertarian-perspective-on-the-gay-rights-movement

Walter Block

Walter Block

One of the very, very high points in the history of the gay community, from the libertarian point of view, was their fight against the police in New York City in 1969. This was the Stonewall riots, and the homosexuals and their supporters were entirely in the right.

Up until that time, the police would raid bars, pubs, bathhouses, etc., frequented by homosexuals. They would do so with impunity, with little opposition from gay men or from anyone else for that matter. But upon this occasion, they were met with fierce resistance and the relationship between these two groups of young men was never again the same. (Yes, apart from sexual preferences, there was not that much difference between the two; both were young men, for example).

Why did the police continually raid establishments patronized by this group of people? That was because it was illegal for consenting adults of the same gender to have sexual relationships with one another. These places were used by members of this community to meet each other for, among other purposes, such illegal relationships. This sounds horribly out of date to the modern ear, but in some Muslim and African countries such behavior is still illegal, and often severely punished.

The libertarian perspective is clear as a bell on this issue. No consensual adult behavior, whatsoever, should be banned by law. The gays at Stonewall were entirely within their rights, and the police, the law to the contrary notwithstanding, entirely in the wrong. (The Nuremberg trials established the justification of ex post facto law; just because an enactment was on the books does not necessarily render it justified.).

One might think, then, that homosexuals, at least a large percentage of them, would be libertarians. They were then, in 1969, or at least they were acting in a manner compatible with this philosophy. Alas, if it were ever the case, it is far from being true nowadays.

From defending their rights to freely associate with one another for mutually agreeable purposes, they have in the modern era moved to violate the rights of other people.

For example, many gay people now insist that others have a legal obligation to not only refrain from violating their rights by preventing their associations, but to actively cooperate with them in promoting their lifestyles. Thus, they are now willing to coerce bakers, florists, and photographers to cooperate with them in promoting their marriages with each other. Gays have filed lawsuits in court the purpose of which was to force others (mostly devout Christians) to violate their own principles.

Are these gay people acting in a manner compatible with libertarianism in doing so? Of course not. They are in effect asking the government to use violence of the sort previously employed against them at Stonewall, and for many decades before that time, against their present victims.

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