lewrockwell--2020-06-27--The Long-Planned Second Wave of This Coronavirus Is Now Going Into High Gear

“ The ideas of the ruling class are in every epoch the ruling ideas , i.e .
the class which is the ruling material force of society , is at the same time its ruling intellectual force .
The class which has the means of material production at its disposal , has control at the same time over the means of mental production , so that thereby , generally speaking , the ideas of those who lack the means of mental production are subject to it .
The ruling ideas are nothing more than the ideal expression of the dominant @ @ @ @ @ @ @ grasped as ideas.
” Marx , German Ideology ( 1845 ) The essence of propaganda is always aimed at those that “ lack the means of mental production , ” in other words , the masses .
Propaganda that is evident today concerning this plotted virus scare has not only consumed the pathetic masses , but has consumed the nation as a whole .
Propaganda is most always very biased or misleading information meant only to sway particular political opinions , and in doing so , create a particular outcome .
In the @ @ @ @ @ @ @ the outcome sought is total and undeniable control of all the people .
Sadly , this agenda is being fulfilled at a record pace .
The German Ideology , i ... Friedrich Engels Best Price : $ 6.97 Buy New $ 13.23 The second wave of virus promised early on by the elites , including the evil Bill Gates , is well underway .
This is happening now in my opinion because the stopgap measure of orchestrating riots , looting , arson , and civil unrest has not been able to prolong the @ @ @ @ @ @ @ virus outbreak plot had to be pushed quickly in order to quell any dissent by the people .
As expected , it is already taking hold of the masses , and they seem to be accepting this new lie without much resistance .
In fact , some governors are already re-closing their states , and mandating more isolation , more masks , and more distancing .
Some bars and other businesses are once again being shut down .
How long will it be until this becomes another full-blown pandemic lockdown ?
Will the @ @ @ @ @ @ @ ride it into the next flu season late this fall , when the common flu can be used to scaremonger the public ?
A major part of the government propaganda arm is the mainstream media , and headlines are already claiming disaster and predicting dire consequences for all .
From Drudge alone , there are claims that virus cases hit all time highs ; this just after the flu season is over .
If this can be sold , there is no hope .
Also , “ New peak in Florida , ” @ @ @ @ @ @ @ Houston facing ‘ apocalyptic ’ July 4 , ” “ How Arizona lost control of epidemic , ” “ Newsom warns of another shutdown , ” and “ One hundred days of solitude.
” These are but a few of the fear mongering headlines coming from the mainstream news outlets .
These lies will be dependent on continued and new testing , as these tests are phony , and will show false positive results most all the time .
The evil Fauci said today that the coronavirus contact tracing is not going well @ @ @ @ @ @ @ testing .
Since no virus is consuming the population , all the hype will be contingent on obtaining many tests in order to falsely claim that this country is being consumed by a non-existent disease .
This will drive the illusion that case numbers are at highs .
The more testing that is forthcoming , the worse the results that will be continually propagated .
With any extended isolation , business and job losses , mask wearing , and lockdowns , more health problems , stress , suicide , and immune system malfunctions @ @ @ @ @ @ @ consequences of this purposeful harm will be used to spread more fear among the masses .
In addition , the continued killing of the elderly will also help the state to claim that this fake virus has reared its ugly head again .
A VOYAGE IN IMAGINATIO ... Holmes , Dr Joel S Buy New $ 9.95 This does not mean that the organized rioting will stop ; it just means that the public ’ s fear of the virus will outweigh its concern for the staged criminal activity that has been set @ @ @ @ @ @ @ that the state needs all the distraction possible in order to advance its control agendas to the next level .
At some point when the fear of virus reaches a pinnacle , the poisonous Covid vaccination will magically be ready to administer to all .
As it looks today , most will run to get in line for their shot of toxins developed , sold , and administered by the very criminals that want to control them all .
This far exceeds irony .
While all this is going on , most Americans @ @ @ @ @ @ @ being prosecuted by the U.S. and its murderous military .
They have forgotten that the economic debacle we are facing will not correct itself for many years to come .
They have forgotten that this next election , regardless of the outcome , will bring mass chaos and possible total civil war .
If Trump wins , the nation will burn .
If Biden or some other Democrat cretin wins , socialism and slavery will become normal .
They have forgotten that food shortages and much higher prices are imminent , and that @ @ @ @ @ @ @ surveilling the movements of everyone are now in place .
They have forgotten that travel and most pleasurable aspects of life have been curtailed or eliminated .
They have forgotten what it means to be free .
All eyes are concentrated on a fraudulent virus pandemic , and that is exactly what the ruling elite that now control all thought and non-action of the herd desire .
Tunnel vision and concentration on state-manufactured monsters does not allow for critical thought , nor does it allow for any sane decision-making by the general populace @ @ @ @ @ @ @ : $ 3.26 Buy New $ 3.74 Once the second phase of this virus scam is in place , phase three , four , and five will be that much easier to achieve .
When will the people of this country wake up to the reality that they are simply pawns in a game of power and control by the few ?
When will they realize that there is little time left to gain any sort of freedom ?
When will they understand that they are being played , and are now nothing @ @ @ @ @ @ @ Or will they never understand any of these things , and just continue to be the ignorant masses that their masters think them to be ?
“ To whom should propaganda be addressed ?
To the scientifically trained intelligentsia or the less educated masses ?
It must be addressed always and exclusively to the masses.
” The Best of Gary D. Barnett

“The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas.”
Marx, German Ideology (1845)
The essence of propaganda is always aimed at those that “lack the means of mental production,” in other words, the masses. Propaganda that is evident today concerning this plotted virus scare has not only consumed the pathetic masses, but has consumed the nation as a whole. Propaganda is most always very biased or misleading information meant only to sway particular political opinions, and in doing so, create a particular outcome. In the case of the fraudulent Covid scare, the outcome sought is total and undeniable control of all the people. Sadly, this agenda is being fulfilled at a record pace. The German Ideology, i... Friedrich Engels Best Price: $6.97 Buy New $13.23 (as of 04:46 UTC - Details)
The second wave of virus promised early on by the elites, including the evil Bill Gates, is well underway. This is happening now in my opinion because the stopgap measure of orchestrating riots, looting, arson, and civil unrest has not been able to prolong the panic as planned, so a new virus outbreak plot had to be pushed quickly in order to quell any dissent by the people. As expected, it is already taking hold of the masses, and they seem to be accepting this new lie without much resistance. In fact, some governors are already re-closing their states, and mandating more isolation, more masks, and more distancing. Some bars and other businesses are once again being shut down. How long will it be until this becomes another full-blown pandemic lockdown? Will the people buy this hoax again, and ride it into the next flu season late this fall, when the common flu can be used to scaremonger the public?
A major part of the government propaganda arm is the mainstream media, and headlines are already claiming disaster and predicting dire consequences for all. From Drudge alone, there are claims that virus cases hit all time highs; this just after the flu season is over. If this can be sold, there is no hope. Also, “New peak in Florida,” “Re-locks in Texas,” “Houston facing ‘apocalyptic’ July 4,” “How Arizona lost control of epidemic,” “Newsom warns of another shutdown,” and “One hundred days of solitude.” These are but a few of the fear mongering headlines coming from the mainstream news outlets.
These lies will be dependent on continued and new testing, as these tests are phony, and will show false positive results most all the time. The evil Fauci said today that the coronavirus contact tracing is not going well, so the U.S. still needs more testing. Since no virus is consuming the population, all the hype will be contingent on obtaining many tests in order to falsely claim that this country is being consumed by a non-existent disease. This will drive the illusion that case numbers are at highs. The more testing that is forthcoming, the worse the results that will be continually propagated. With any extended isolation, business and job losses, mask wearing, and lockdowns, more health problems, stress, suicide, and immune system malfunctions will become evident, and all the consequences of this purposeful harm will be used to spread more fear among the masses. In addition, the continued killing of the elderly will also help the state to claim that this fake virus has reared its ugly head again. A VOYAGE IN IMAGINATIO... Holmes, Dr Joel S Buy New $9.95 (as of 04:21 UTC - Details)
This does not mean that the organized rioting will stop; it just means that the public’s fear of the virus will outweigh its concern for the staged criminal activity that has been set loose on this country. I believe that the state needs all the distraction possible in order to advance its control agendas to the next level. At some point when the fear of virus reaches a pinnacle, the poisonous Covid vaccination will magically be ready to administer to all. As it looks today, most will run to get in line for their shot of toxins developed, sold, and administered by the very criminals that want to control them all. This far exceeds irony.
While all this is going on, most Americans have forgotten about the wars of aggression being prosecuted by the U.S. and its murderous military. They have forgotten that the economic debacle we are facing will not correct itself for many years to come. They have forgotten that this next election, regardless of the outcome, will bring mass chaos and possible total civil war. If Trump wins, the nation will burn. If Biden or some other Democrat cretin wins, socialism and slavery will become normal. They have forgotten that food shortages and much higher prices are imminent, and that tracking, tracing, monitoring, and surveilling the movements of everyone are now in place. They have forgotten that travel and most pleasurable aspects of life have been curtailed or eliminated. They have forgotten what it means to be free.
All eyes are concentrated on a fraudulent virus pandemic, and that is exactly what the ruling elite that now control all thought and non-action of the herd desire. Tunnel vision and concentration on state-manufactured monsters does not allow for critical thought, nor does it allow for any sane decision-making by the general populace.
Mein Kampf Adolf Hitler Best Price: $3.26 Buy New $3.74 (as of 06:35 UTC - Details) Once the second phase of this virus scam is in place, phase three, four, and five will be that much easier to achieve. When will the people of this country wake up to the reality that they are simply pawns in a game of power and control by the few? When will they realize that there is little time left to gain any sort of freedom? When will they understand that they are being played, and are now nothing more than puppets on a string? Or will they never understand any of these things, and just continue to be the ignorant masses that their masters think them to be?
“To whom should propaganda be addressed? To the scientifically trained intelligentsia or the less educated masses? It must be addressed always and exclusively to the masses.”
~ Adolf Hitler (1998). “Mein Kampf”, Houghton Mifflin Harcourt (Mein Kampf originally published July 18, 1925)
The Best of Gary D. Barnett


lewrockwell--2020-06-27--Soylent Green Is People; COVID-19 Is Old People

In the 1973 film , a NY police detective discovers the vastly overcrowded , poverty–stricken population of the city—who are being sustained on processed government food , called Soylent—are now eating humans who have died .
That ’ s what Soylent Green is made of .
As I covered in my article ( and spoke about ) two days ago , open-source press reports reveal the “ excess mortality ” of 2020 is largely the result of elderly people dying in nursing homes .
This has nothing to do with a virus .
It has to do with patients who @ @ @ @ @ @ @ slide—then hit with the terror of an arbitrary and fake COVID-19 diagnosis , and then isolated and shut off from family and friends—in facilities where gross neglect and indifference are all too often the “ standard of care.
” Death is the direct result .
Fauci : The Bernie Mado ... Ortleb , Charles Buy New $ 5.99 The managers of pandemic information tell the big lie .
They spin tales about “ the virus ” having a greater impact on the elderly .
No , the STORY about a virus has the @ @ @ @ @ @ @ impact .
The isolation has the deadly impact .
To an astounding extent , COVID-19 is a NURSING HOME DISASTER .
Memo to financial investigators : Calculate how much money government and private insurers are saving , because they don ’ t have to keep paying for the long-term care of all the old people who are dying premature deaths in nursing homes .
The money number will be staggering .
Tony Fauci knows the con .
He knows COVID-19 is old people .
But he ’ s busy giving advice to the @ @ @ @ @ @ @ to play their seasons , while people are dying from the fear he promotes .
Fauci has no shred of shame .
He ’ s a mouthpiece turned out by Bill Gates and David Rockefeller .
Evil permeates the COVID operation .
The elderly in nursing homes are the primary target .
Getting them to die earlier is the tactic , in order to pump up the fake COVID mortality numbers .
Without those phony numbers , the whole “ pandemic ” would be exposed in an hour .
I ’ ve said @ @ @ @ @ @ @ foisting of the whole vicious COVID fiction—the Chinese regime locking down 50 million citizens overnight for no good medical reason , giving the green light to the World Health Organization and the CDC to “ follow the new model ” ; and the Bill Gates-financed computer projection of deaths , put together by Neil Ferguson , who lied through his teeth when he claimed half a million people could die in the UK and two million in the US—thus supplying the final “ rationale ” for the lockdowns .
Unreported Truths abou ... @ @ @ @ @ @ @ The third key event was and is the sustained attack on the elderly in nursing homes .
Kill these people with terror and isolation , and make the death numbers escalate .
Here are the open-source press reports I included in my article two days ago .
There is an additional report at the end .
As of May 22 , Forbes reports that , “ …in the 43 states that currently report such figures , an astounding 42 % of all COVID-19 deaths have taken place in nursing homes and assisted living @ @ @ @ @ @ @ : “ The World Health Organization said half of Europe ’ s covid-19 deaths occurred in such facilities.
” Headline of same Post article : “ Canada ’ s nursing home crisis : 81 percent of coronavirus deaths [ in the country ] are in long-term care facilities.
” The Guardian , May 16 : “ About 90 % of the 3,700 people who have died from coronavirus in Sweden were over 70 , and half were living in care homes , according to a study from Sweden ’ s National Board of @ @ @ @ @ @ @ April.
” “ Spain—The country was shocked at the end of March when the defence minister revealed that soldiers drafted in to disinfect residential homes had found some elderly people abandoned and dead in their beds.
” “ …the regional governments of Madrid and Catalonia have been publishing their own figures on people who have died in care homes from the virus , or while exhibiting symptoms consistent with it.
” [ AKA , absurd eyeball diagnosis ] “ In Madrid , the total for Covid , or suspected Covid , deaths since @ @ @ @ @ @ @ .
In Catalonia , it was 3,375 .
Between them , care home deaths in the two regions account for more than a third of all the coronavirus deaths in the country.
” United States of Socia ... D'Souza , Dinesh Buy New $ 25.93 And there was a great deal of early warning on the subject , if anyone from public health agencies wanted to pay attention—The Guardian , 13 April : “ About half of all Covid-19 deaths appear to be happening in care homes in some European countries…Snapshot data from @ @ @ @ @ @ @ , Spain , France , Ireland and Belgium between 42 % and 57 % of deaths from the virus have been happening in homes , according to the report by academics based at the London School of Economics ( LSE ) .
” These nursing home figures only give a partial picture .
Consider the HUGE NUMBER of elderly , already ill people who are basically in the same situation at home—terrified by COVID propaganda , locked down , isolated ; and then die—and also those who manage to make it to a @ @ @ @ @ @ @ breathing ventilators , heavily sedated , and killed .
The Hill , undated ( late April 2020 ) , reporting on “ data…gathered at Northwell Health , New York state ’ s largest hospital system .
The study , published in the Journal of the American Medical Association ( JAMA ) examines 5,700 patients hospitalized with coronavirus infections in the New York City region , with final outcomes recorded for 2,634 patients .
The average patient age was 63 years old… For the next oldest age group , ages 66 years and older @ @ @ @ @ @ @ 97.2 percent mortality rate.
” COVID is old people .
Pushed into death .
The Best of Jon Rappoport

In the 1973 film, a NY police detective discovers the vastly overcrowded, poverty–stricken population of the city—who are being sustained on processed government food, called Soylent—are now eating humans who have died. That’s what Soylent Green is made of.
As I covered in my article (and spoke about) two days ago, open-source press reports reveal the “excess mortality” of 2020 is largely the result of elderly people dying in nursing homes.
This has nothing to do with a virus.
It has to do with patients who are ALREADY on a long downward health slide—then hit with the terror of an arbitrary and fake COVID-19 diagnosis, and then isolated and shut off from family and friends—in facilities where gross neglect and indifference are all too often the “standard of care.”
Death is the direct result. Fauci: The Bernie Mado... Ortleb, Charles Buy New $5.99 (as of 02:55 UTC - Details)
The managers of pandemic information tell the big lie. They spin tales about “the virus” having a greater impact on the elderly.
No, the STORY about a virus has the impact. The terror has the deadly impact. The isolation has the deadly impact.
To an astounding extent, COVID-19 is a NURSING HOME DISASTER.
Mass murder by cruelty.
Memo to financial investigators: Calculate how much money government and private insurers are saving, because they don’t have to keep paying for the long-term care of all the old people who are dying premature deaths in nursing homes. The money number will be staggering.
Tony Fauci knows the con. He knows COVID-19 is old people. But he’s busy giving advice to the NFL and Major League Baseball about how to play their seasons, while people are dying from the fear he promotes. Fauci has no shred of shame. He’s a mouthpiece turned out by Bill Gates and David Rockefeller.
Evil permeates the COVID operation. The elderly in nursing homes are the primary target. Getting them to die earlier is the tactic, in order to pump up the fake COVID mortality numbers.
Without those phony numbers, the whole “pandemic” would be exposed in an hour.
I’ve said there were two key events in the foisting of the whole vicious COVID fiction—the Chinese regime locking down 50 million citizens overnight for no good medical reason, giving the green light to the World Health Organization and the CDC to “follow the new model”; and the Bill Gates-financed computer projection of deaths, put together by Neil Ferguson, who lied through his teeth when he claimed half a million people could die in the UK and two million in the US—thus supplying the final “rationale” for the lockdowns. Unreported Truths abou... Berenson, Alex Buy New $5.99 (as of 03:17 UTC - Details)
The third key event was and is the sustained attack on the elderly in nursing homes.
Kill these people with terror and isolation, and make the death numbers escalate.
Here are the open-source press reports I included in my article two days ago. There is an additional report at the end.
As of May 22, Forbes reports that, “…in the 43 states that currently report such figures, an astounding 42% of all COVID-19 deaths have taken place in nursing homes and assisted living facilities.”
Washington Post, May 18: “The World Health Organization said half of Europe’s covid-19 deaths occurred in such facilities.”
Headline of same Post article: “Canada’s nursing home crisis: 81 percent of coronavirus deaths [in the country] are in long-term care facilities.”
The Guardian, May 16: “About 90% of the 3,700 people who have died from coronavirus in Sweden were over 70, and half were living in care homes, according to a study from Sweden’s National Board of Health and Welfare at the end of April.”
“Spain—The country was shocked at the end of March when the defence minister revealed that soldiers drafted in to disinfect residential homes had found some elderly people abandoned and dead in their beds.”
“…the regional governments of Madrid and Catalonia have been publishing their own figures on people who have died in care homes from the virus, or while exhibiting symptoms consistent with it.” [AKA, absurd eyeball diagnosis]
“In Madrid, the total for Covid, or suspected Covid, deaths since 8 March stood at 5,886 on Thursday. In Catalonia, it was 3,375. Between them, care home deaths in the two regions account for more than a third of all the coronavirus deaths in the country.” United States of Socia... D'Souza, Dinesh Buy New $25.93 (as of 11:38 UTC - Details)
And there was a great deal of early warning on the subject, if anyone from public health agencies wanted to pay attention—The Guardian, 13 April: “About half of all Covid-19 deaths appear to be happening in care homes in some European countries…Snapshot data from varying official sources shows that in Italy, Spain, France, Ireland and Belgium between 42% and 57% of deaths from the virus have been happening in homes, according to the report by academics based at the London School of Economics (LSE).”
These nursing home figures only give a partial picture. Consider the HUGE NUMBER of elderly, already ill people who are basically in the same situation at home—terrified by COVID propaganda, locked down, isolated; and then die—and also those who manage to make it to a hospital, where they are put on breathing ventilators, heavily sedated, and killed.
The Hill, undated (late April 2020), reporting on “data…gathered at Northwell Health, New York state’s largest hospital system. The study, published in the Journal of the American Medical Association (JAMA) examines 5,700 patients hospitalized with coronavirus infections in the New York City region, with final outcomes recorded for 2,634 patients. The average patient age was 63 years old… For the next oldest age group, ages 66 years and older, patients receiving mechanical ventilation recorded a 97.2 percent mortality rate.”
COVID is old people. Pushed into death.
SOURCES:
* https://blog.nomorefakenews.com/2020/06/24/covid-behind-the-global-nursing-home-disaster-and-the-case-number-scam/
* https://banned.video/watch?id=5ef3e20b672706002f2c43de
* https://twitter.com/realDonaldTrump/status/1274170611280068615
* https://blog.nomorefakenews.com/tag/lockdown/
* https://blog.nomorefakenews.com/tag/neil-ferguson/
* https://www.forbes.com/sites/theapothecary/2020/05/26/nursing-homes-assisted-living-facilities-0-6-of-the-u-s-population-43-of-u-s-covid-19-deaths/#12d6083874cd
* https://www.washingtonpost.com/news/powerpost/paloma/the-health-202/2020/05/19/the-health-202-the-hopeful-news-about-moderna-s-coronavirus-vaccine-is-extremely-preliminary/5ec2e480602ff11bb118504f/
* https://www.washingtonpost.com/world/the_americas/coronavirus-canada-long-term-care-nursing-homes/2020/05/18/01494ad4-947f-11ea-87a3-22d324235636_story.html
* https://www.theguardian.com/world/2020/may/16/across-the-world-figures-reveal-horrific-covid-19-toll-of-care-home-deaths
* https://www.theguardian.com/world/2020/apr/13/half-of-coronavirus-deaths-happen-in-care-homes-data-from-eu-suggests
* https://thehill.com/changing-america/well-being/medical-advances/494274-nearly-half-of-all-patients-placed-on
Reprinted with permission from Jon Rappoport’s blog.
The Best of Jon Rappoport


lewrockwell--2020-06-27--What Could Happen If the Fed Loses Control

International Man : Recently , Fed Chairman Jerome Powell said the central bank ’ s money printing is designed to help average Americans , and not Wall Street .
What ’ s your take on this ?
David Stockman : Yes , and if dogs could whistle , the world would be a chorus !
The truth is , in an economy encumbered with nearly $ 78 trillion of debt already—including $ 16.2 trillion on households , $ 16.8 trillion on business , $ 23 trillion on governments—the last thing we need is even lower interest rates and even bigger @ @ @ @ @ @ @ .
Chaos Theory : Two Essa ... Robert P. Murphy Best Price : $ 15.61 Buy New $ 7.00 In fact , in a debt-saturated system , the Fed ’ s massive bond purchases never transmit anything outside the canyons of Wall Street .
This money-printing madness only drives bond prices higher and cap rates lower—meaning relentless and systematic inflation of financial assets ’ prices .
As a practical matter , of course , the bottom 90 % don ’ t own enough stock or even inflated government and corporate bonds to shake @ @ @ @ @ @ @ meager savings they have accumulated languish in bank deposits , CDs or money market funds earning exactly what the Fed has decreed—nothing !
So , when Powell says he ’ s only trying to help the average American , you have to wonder whether he is just stupid or the greatest lying fraud yet to occupy the big chair at the Fed .
Then again , it doesn ’ t really matter why .
The Fed is now a completely rogue institution that is a clear and present danger to the future of @ @ @ @ @ @ @ tragedy is that the clueless speculators on Wall Street and politicians in Washington don ’ t even get the joke .
International Man : So far , the Fed has been able to successfully manipulate interest rates to historic lows .
What are some catalysts that could cause the Fed to lose control and interest rates to spike ?
David Stockman : They are chasing their tail , faster and faster .
The more they expand their balance sheet , thereby injecting into the bond pits a massive artificial bid for governments , @ @ @ @ @ @ @ junk , the lower the yields go , and the demand for more debt becomes greater .
Gods of Money : Wall St ... Engdahl , F. William Best Price : $ 8.98 Buy New $ 29.95 Needless to say , when incomes drastically shrink due to the folly of Lockdown Nation , debt should be liquidated , not massively increased .
So , the Fed and its fellow-traveling global central banks are setting up our Humpty-Dumpty economy for a very great fall .
That is to say , what will cause the @ @ @ @ @ @ @ greatest wave of debt defaults in recorded history .
On that score , the Fed just issued its Flow of Funds data for Q1 , and it leaves nothing to the imagination .
Total public and private debt on the US economy now stands at $ 77.6 trillion , or 3.5X GDP , and we ’ ll be lucky to post at $ 21 trillion for the full year of 2020 GDP .
Recall that we supposedly got a wakeup call back in 2008 , when the economy plunged into financial crisis and @ @ @ @ @ @ @ way too much debt was widely identified as the fall guy .
But back then , total debt outstanding was just $ 52.6 trillion , meaning that during the last decade of purported recovery , the US economy actually took on $ 25 trillion of new debt—a 48 % increase .
Moreover , big-spending politicians were not the only culprit .
That ’ s because when the central banks drastically falsify interest rates to sub-economic levels , everyone is incentivized to borrow hand-over-fist .
And , most often , it ’ s for @ @ @ @ @ @ @ payments in the government sector and more financial engineering among the C-suites .
On the eve of the Great Recession , for example , total business debt ( corporate and non-corporate ) stood at $ 10.1 trillion and has subsequently soared to $ 16.8 trillion .
That $ 6.7 trillion gain represents fully 98 % of the $ 6.85 trillion increase in nominal GDP during the same period .
This orgy of borrowing also means that business debt over the past 13 years has grown by 66.5 % —far more than the 46.7 @ @ @ @ @ @ @ , the business debt burden on GDP has now gone off the charts , and at 78 % of GDP , is more than double the pre-1970 level : Business Debt as Percent of GDP : The Tyranny of the Fed ... O'Brien , Brian Best Price : $ 16.00 Buy New $ 16.99 Stated differently , chronic financial repression and clubbing of interest rates by the central bank have amounted to a slow-motion burial of the business sector in debt ; debt that in recent decades has been overwhelmingly allocated to shrinking @ @ @ @ @ @ @ thereby cycling wealth from the productive economy to the rent-capturing precincts of Wall Street .
Indeed , the Fed ’ s cheap credit never really leaves the canyons of Wall Street , where it fulsomely rewards carry-traders and risk asset speculators because zero cost money is always and everywhere the mother ’ s milk of leveraged speculation .
It also causes corporate C-suites to become maniacally obsessed with goosing their stock options via financial engineering gambits like stock buybacks , leveraged recaps and wildly over-priced M & A deals as a substitute for @ @ @ @ @ @ @ supplant equity and financial resilience with debt and financial fragility .
So when business bankruptcies soar to unprecedented levels in the month ahead as the economy reels from the folly of Lockdown Nation , the financial fragility part will become crystal clear .
But it also needs to be recalled that even as the interest rate clubbers at the Fed fostered a massive explosion of business debt after the 2008 financial crisis , it did not translate into any growth in productive investment at all .
In fact , real business CapEx minus @ @ @ @ @ @ @ charged to current period production ) is today barely a tad higher than it was 20 years ago on the eve of the dotcom bust .
All the Presidentsu201 ... Nomi Prins Best Price : $ 2.74 Buy New $ 6.89 In short , the Fed has fostered a zombie economy , and it is the collapse of the zombies that will eventually take it down .
International Man : The Fed has printed more money in recent months than it has for its entire history .
The government is spending as if @ @ @ @ @ @ @ is going on here ?
David Stockman : Here ’ s an eye-opener to put this madness in perspective .
Annual federal outlays posted at $ 3.896 trillion in 2014 and were the product of 225 years of relentless expansion by the Leviathan on the Potomac .
But it now appears quite certain that the annual deficit in FY 2020 will actually be larger than the total spending level that took more than two centuries to achieve .
That ’ s right .
Owing to the mushrooming coast-to-coast soup lines hastily erected by @ @ @ @ @ @ @ jobs , incomes and business cash flows brought on by Lockdown Nation and the evaporation of tax revenues , Uncle Sam will borrow more this year than the total spending just six years ago .
Stated differently , back in the day , we struggled to keep total federal spending during 1981 under $ 700 billion .
By contrast , the Donald has borrowed nearly 4X that in the last 90 days !
So , yes , perhaps Trump ’ s one truthful boast is that he is indeed the king of debt @ @ @ @ @ @ @ nothing remotely rational , plausible or sustainable about an FY 2020 budget that ’ s going to end up with revenue south of $ 3 trillion and spending north of $ 7 trillion .
That ’ s not even banana republic league profligacy ; it ’ s just sheer stupidity and madness , bespeaking a bipartisan duopoly in Washington that has had its collective brains turned into sawdust by the relentless , egregious money pumping of the central banks .
For want of doubt , just consider what has happened since March 11 @ @ @ @ @ @ @ ’ s commencement .
Peak Trump : The Undrai ... David A. Stockman Best Price : $ 12.72 Buy New $ 43.07 The public float of federal debt has soared from $ 17.85 trillion to $ 20.24 trillion , gaining $ 2.39 trillion ; The Fed ’ s balance sheet has exploded from $ 4.31 trillion to $ 7.17 trillion , gaining $ 2.86 trillion .
The Fed has , therefore , effectively monetized 119 % of the gain in the publicly traded Treasury debt .
Of course , you can ’ t @ @ @ @ @ @ @ ; he ’ s been enabled by two of the greatest crackpots to hold high economic policy positions in American history—Treasury Secretary Mnuchin and Fed Chairman Jay Powell .
As it has happened , we have closely observed every combination of Fed chairman and US treasury secretary since 1970 , when we headed off for our first job in the Imperial City , eager to better the world and our own prospects , too .
So , we can say without reservation that the current duo is the worst combo of spineless , @ @ @ @ @ @ @ during the last half-century .
And it ’ s not a close call—even against a ship of fools , which include John B. Connally , G. William Miller , Ben Bernanke , Hank Paulson Jr. , Timothy Geithner and Janet Yellen , among considerable others .
After all , if the Treasury Secretary and Fed Chairman are utterly clueless about the grave dangers of the fiscal and monetary bacchanalia now rampant in the imperial city , how in the world will it stop except in some fiery collapse ?
The Best of David @

International Man: Recently, Fed Chairman Jerome Powell said the central bank’s money printing is designed to help average Americans, and not Wall Street.
What’s your take on this?
David Stockman: Yes, and if dogs could whistle, the world would be a chorus!
The truth is, in an economy encumbered with nearly $78 trillion of debt already—including $16.2 trillion on households, $16.8 trillion on business, $23 trillion on governments—the last thing we need is even lower interest rates and even bigger incentives to take on debt and leverage.
Chaos Theory: Two Essa... Robert P. Murphy Best Price: $15.61 Buy New $7.00 (as of 04:50 UTC - Details) In fact, in a debt-saturated system, the Fed’s massive bond purchases never transmit anything outside the canyons of Wall Street. This money-printing madness only drives bond prices higher and cap rates lower—meaning relentless and systematic inflation of financial assets’ prices.
As a practical matter, of course, the bottom 90% don’t own enough stock or even inflated government and corporate bonds to shake a stick at. Instead, what meager savings they have accumulated languish in bank deposits, CDs or money market funds earning exactly what the Fed has decreed—nothing!
So, when Powell says he’s only trying to help the average American, you have to wonder whether he is just stupid or the greatest lying fraud yet to occupy the big chair at the Fed.
Then again, it doesn’t really matter why.
The Fed is now a completely rogue institution that is a clear and present danger to the future of prosperity and liberty in America. The tragedy is that the clueless speculators on Wall Street and politicians in Washington don’t even get the joke.
International Man: So far, the Fed has been able to successfully manipulate interest rates to historic lows.
What are some catalysts that could cause the Fed to lose control and interest rates to spike?
David Stockman: They are chasing their tail, faster and faster. The more they expand their balance sheet, thereby injecting into the bond pits a massive artificial bid for governments, corporates, munis, commercial paper and junk, the lower the yields go, and the demand for more debt becomes greater. Gods of Money: Wall St... Engdahl, F. William Best Price: $8.98 Buy New $29.95 (as of 03:42 UTC - Details)
Needless to say, when incomes drastically shrink due to the folly of Lockdown Nation, debt should be liquidated, not massively increased. So, the Fed and its fellow-traveling global central banks are setting up our Humpty-Dumpty economy for a very great fall.
That is to say, what will cause the central banks to lose control is the greatest wave of debt defaults in recorded history. On that score, the Fed just issued its Flow of Funds data for Q1, and it leaves nothing to the imagination. Total public and private debt on the US economy now stands at $77.6 trillion, or 3.5X GDP, and we’ll be lucky to post at $21 trillion for the full year of 2020 GDP.
Recall that we supposedly got a wakeup call back in 2008, when the economy plunged into financial crisis and the worst recession since the 1930s; way too much debt was widely identified as the fall guy. But back then, total debt outstanding was just $52.6 trillion, meaning that during the last decade of purported recovery, the US economy actually took on $25 trillion of new debt—a 48% increase.
Moreover, big-spending politicians were not the only culprit. That’s because when the central banks drastically falsify interest rates to sub-economic levels, everyone is incentivized to borrow hand-over-fist. And, most often, it’s for unproductive purposes, such as more transfer payments in the government sector and more financial engineering among the C-suites.
On the eve of the Great Recession, for example, total business debt (corporate and non-corporate) stood at $10.1 trillion and has subsequently soared to $16.8 trillion. That $6.7 trillion gain represents fully 98% of the $6.85 trillion increase in nominal GDP during the same period.
This orgy of borrowing also means that business debt over the past 13 years has grown by 66.5%—far more than the 46.7% expansion of nominal GDP. Accordingly, the business debt burden on GDP has now gone off the charts, and at 78% of GDP, is more than double the pre-1970 level:
Business Debt as Percent of GDP: The Tyranny of the Fed... O'Brien, Brian Best Price: $16.00 Buy New $16.99 (as of 04:50 UTC - Details)
1955: 31%
1970: 47%
1980: 49%
1995: 55%
2007: 69%
2020: 78%
Stated differently, chronic financial repression and clubbing of interest rates by the central bank have amounted to a slow-motion burial of the business sector in debt; debt that in recent decades has been overwhelmingly allocated to shrinking the equity base of business enterprises, thereby cycling wealth from the productive economy to the rent-capturing precincts of Wall Street.
Indeed, the Fed’s cheap credit never really leaves the canyons of Wall Street, where it fulsomely rewards carry-traders and risk asset speculators because zero cost money is always and everywhere the mother’s milk of leveraged speculation.
It also causes corporate C-suites to become maniacally obsessed with goosing their stock options via financial engineering gambits like stock buybacks, leveraged recaps and wildly over-priced M&A deals as a substitute for organic growth. Yet these maneuvers merely supplant equity and financial resilience with debt and financial fragility.
So when business bankruptcies soar to unprecedented levels in the month ahead as the economy reels from the folly of Lockdown Nation, the financial fragility part will become crystal clear.
But it also needs to be recalled that even as the interest rate clubbers at the Fed fostered a massive explosion of business debt after the 2008 financial crisis, it did not translate into any growth in productive investment at all.
In fact, real business CapEx minus current capital consumption (depreciation and amortization charged to current period production) is today barely a tad higher than it was 20 years ago on the eve of the dotcom bust. All the Presidentsu201... Nomi Prins Best Price: $2.74 Buy New $6.89 (as of 08:10 UTC - Details)
In short, the Fed has fostered a zombie economy, and it is the collapse of the zombies that will eventually take it down.
International Man: The Fed has printed more money in recent months than it has for its entire history. The government is spending as if trillion is the new billion.
What is going on here?
David Stockman: Here’s an eye-opener to put this madness in perspective. Annual federal outlays posted at $3.896 trillion in 2014 and were the product of 225 years of relentless expansion by the Leviathan on the Potomac.
But it now appears quite certain that the annual deficit in FY 2020 will actually be larger than the total spending level that took more than two centuries to achieve.
That’s right. Owing to the mushrooming coast-to-coast soup lines hastily erected by Washington in response to the collapse of jobs, incomes and business cash flows brought on by Lockdown Nation and the evaporation of tax revenues, Uncle Sam will borrow more this year than the total spending just six years ago.
Stated differently, back in the day, we struggled to keep total federal spending during 1981 under $700 billion. By contrast, the Donald has borrowed nearly 4X that in the last 90 days!
So, yes, perhaps Trump’s one truthful boast is that he is indeed the king of debt.
Needless to say, there is nothing remotely rational, plausible or sustainable about an FY 2020 budget that’s going to end up with revenue south of $3 trillion and spending north of $7 trillion.
That’s not even banana republic league profligacy; it’s just sheer stupidity and madness, bespeaking a bipartisan duopoly in Washington that has had its collective brains turned into sawdust by the relentless, egregious money pumping of the central banks.
For want of doubt, just consider what has happened since March 11 on the eve of the Lockdown Nation’s commencement. Peak Trump: The Undrai... David A. Stockman Best Price: $12.72 Buy New $43.07 (as of 11:40 UTC - Details)
The public float of federal debt has soared from $17.85 trillion to $20.24 trillion, gaining $2.39 trillion;
The Fed’s balance sheet has exploded from $4.31 trillion to $7.17 trillion, gaining $2.86 trillion.
The Fed has, therefore, effectively monetized 119% of the gain in the publicly traded Treasury debt.
Of course, you can’t blame the Donald alone for this insanity; he’s been enabled by two of the greatest crackpots to hold high economic policy positions in American history—Treasury Secretary Mnuchin and Fed Chairman Jay Powell.
As it has happened, we have closely observed every combination of Fed chairman and US treasury secretary since 1970, when we headed off for our first job in the Imperial City, eager to better the world and our own prospects, too.
So, we can say without reservation that the current duo is the worst combo of spineless, principle-free empty suits to plague the nation during the last half-century. And it’s not a close call—even against a ship of fools, which include John B. Connally, G. William Miller, Ben Bernanke, Hank Paulson Jr., Timothy Geithner and Janet Yellen, among considerable others.
After all, if the Treasury Secretary and Fed Chairman are utterly clueless about the grave dangers of the fiscal and monetary bacchanalia now rampant in the imperial city, how in the world will it stop except in some fiery collapse?
Reprinted with permission from International Man.
The Best of David Stockman


1968 Again

I have never been quite able to make up my mind whether there is no new thing under the sun or whether we live in completely unprecedented times .
When we look at events close up and nearby in time and place , we are inclined to think that nothing like them has ever happened before ; but with the passage of time , and a little calm reflection , we find analogies all over the place .
I suppose the wise man is alive to both the similarities and the differences , but keeping both in mind at the @ @ @ @ @ @ @ to see the old crones and the candlestick simultaneously in the famous diagram beloved of gestalt psychologists .
In light of the recent events in the United States and elsewhere ( the elsewhere that has long imitated the United States in completely decerebrate fashion , while at the same time being anti-American ) , I flicked through a large picture book of May 1968 in Paris , the upheaval of spoilt brats , by spoilt brats , for spoilt brats .
I hesitate to quote Georges Marchais , the leader of the Stalinist @ @ @ @ @ @ @ who was not in favor of the upheaval , but who said , with some prescience : Admirable Evasions : Ho ... Theodore Dalrymple Best Price : $ 12.26 Buy New $ 13.35 Spot-on , Georges , if one goes a little less hard on the poor capitalists and includes in the stricture the former Maoists who later joined the upper echelons of the French state apparatus !
Another Georges , this time the soon-to-be president of France , Pompidou , said something pertinent in the French National Assembly in the middle of @ @ @ @ @ @ @ help thinking that good old Georges was onto something , even if , in the 52 years that have so far elapsed since then , I have personally managed , as have millions of others , to lead a perfectly satisfactory and even fulfilling life , as no doubt did many Romans in the run-up to the collapse of the empire .
Socialism Sucks : Two E ... Powell , Benjamin Best Price : null Buy New $ 23.39 What is quite clear from the photographs is that the students who made a @ @ @ @ @ @ @ that made the streets of the City of Light look temporarily like those of Port-au-Prince ( where disposal of garbage is not very well-organized , if I recall correctly ) were far from the horny-handed sons of labor .
On the contrary , they were clearly the children of the bourgeoisie , and could not hide the fact , however casually ( for the time ) they dressed .
Social class does not spare physiognomy in its effects , any more than it spares longevity .
The students obviously liked to make a @ @ @ @ @ @ @ speak , their natural milieu , as maggots like carcasses .
When , occupying offices , they put their feet up on the antique desks of authority that they were soon to sit behind , they thought that they were being revolutionary rather than merely savage and insolent .
They were privileged , but not privileged enough in their own estimation .
They were earnest , but not serious ; and earnestness combined with frivolity and armor-plated self-righteousness is not very attractive .
Evidently , however , earnest frivolity is a permanent temptation @ @ @ @ @ @ @ appreciate that deterioration as well as improvement is possible .
The Best of Theodore Dalrymple

I have never been quite able to make up my mind whether there is no new thing under the sun or whether we live in completely unprecedented times. When we look at events close up and nearby in time and place, we are inclined to think that nothing like them has ever happened before; but with the passage of time, and a little calm reflection, we find analogies all over the place. I suppose the wise man is alive to both the similarities and the differences, but keeping both in mind at the same time is hard, like trying to see the old crones and the candlestick simultaneously in the famous diagram beloved of gestalt psychologists.
In light of the recent events in the United States and elsewhere (the elsewhere that has long imitated the United States in completely decerebrate fashion, while at the same time being anti-American), I flicked through a large picture book of May 1968 in Paris, the upheaval of spoilt brats, by spoilt brats, for spoilt brats. I hesitate to quote Georges Marchais, the leader of the Stalinist French Communist Party of the time, who was not in favor of the upheaval, but who said, with some prescience: Admirable Evasions: Ho... Theodore Dalrymple Best Price: $12.26 Buy New $13.35 (as of 11:00 UTC - Details)
In general, it’s all about the sons of the haute-bourgeoisie who, disdaining the students of working-class background, will soon extinguish their “revolutionary flame” in order to go and manage Papa’s companies and exploit the workers in the best traditions of capitalism.
Spot-on, Georges, if one goes a little less hard on the poor capitalists and includes in the stricture the former Maoists who later joined the upper echelons of the French state apparatus!
Another Georges, this time the soon-to-be president of France, Pompidou, said something pertinent in the French National Assembly in the middle of May 1968:
At this stage, it is, believe me, no longer the government that is in question, nor the institutions, nor even France, it is our civilization itself.
One can’t help thinking that good old Georges was onto something, even if, in the 52 years that have so far elapsed since then, I have personally managed, as have millions of others, to lead a perfectly satisfactory and even fulfilling life, as no doubt did many Romans in the run-up to the collapse of the empire.
Socialism Sucks: Two E... Powell, Benjamin Buy New $23.39 (as of 07:10 UTC - Details) What is quite clear from the photographs is that the students who made a mess of Paris and threw up barricades that made the streets of the City of Light look temporarily like those of Port-au-Prince (where disposal of garbage is not very well-organized, if I recall correctly) were far from the horny-handed sons of labor. On the contrary, they were clearly the children of the bourgeoisie, and could not hide the fact, however casually (for the time) they dressed. Social class does not spare physiognomy in its effects, any more than it spares longevity.
The students obviously liked to make a mess; it was, so to speak, their natural milieu, as maggots like carcasses. When, occupying offices, they put their feet up on the antique desks of authority that they were soon to sit behind, they thought that they were being revolutionary rather than merely savage and insolent. They were privileged, but not privileged enough in their own estimation. They were earnest, but not serious; and earnestness combined with frivolity and armor-plated self-righteousness is not very attractive. Evidently, however, earnest frivolity is a permanent temptation of youth, which does not yet appreciate that deterioration as well as improvement is possible.
Read the Whole Article
The Best of Theodore Dalrymple


lewrockwell--2020-06-27--Biden’s Basement Strategy: Just Say Nothing

Some polls now have Joe Biden running ahead of Donald Trump by 10 points and sweeping the battleground states of Michigan , Wisconsin and Pennsylvania .
This vindicates the strategy Biden ’ s advisers have adopted : Confine Joe to his basement , no press conferences .
Trot him out to recite carefully scripted messages for the cameras .
Then lead him back to his stall .
This enables Biden to avoid the blazing questions that are dividing not only Democrats and Republicans but liberals and leftists .
And most of these issues touch on the explosive subject of race @ @ @ @ @ @ @ just voted to put to a statewide ballot in November a return to the racial preferences that were banned as discriminatory in a statewide referendum , 25 years ago .
The proposal would reverse the 1995 constitutional amendment , approved by 55 % of voters , which outlawed “ preferential treatment ” based on “ race , sex , color , ethnicity , or national origin.
” Ship of Fools : How a S ... Carlson , Tucker Check Amazon for Pricing .
If the measure carries , California returns to a racial @ @ @ @ @ @ @ pushed because they are needed to bring about greater representation of Blacks and Hispanics in the student bodies of elite schools of the state university system like UCLA and the University of California , Berkeley .
Asian students are today “ overrepresented ” in these prestigious schools , because of their superior test scores .
Where does Biden stand on anti-Asian discrimination ?
Earlier this June , the California Assembly voted to establish a task force to make recommendations for reparations for slavery .
Now , California did not enter the Union until @ @ @ @ @ @ @ the state constitution , though several thousand slaves were brought there during the 1849 Gold Rush .
Where does Biden stand on reparations for slavery ?
WHITE HOUSE REDS : Comm ... Loudon , Trevor Buy New $ 24.95 Many of the recent protests in the wake of George Floyd ’ s death have involved the desecration and destruction of monuments .
What does Biden think about tearing down statues of Christopher Columbus and Robert E. Lee ?
Where does Biden stand on destroying statues of Presidents Washington , Jefferson , Andrew Jackson @ @ @ @ @ @ @ ?
What did Biden think of the removal of the statue of Caesar Rodney , Delaware statesman and slave owner , who , despite a grave illness , rode to Philadelphia to sign Jefferson ’ s Declaration of Independence and cast his lot with the American Revolution ?
Understandably , Biden would prefer not having to choose between Caesar Rodney and BLM .
Black men are arrested and incarcerated more often than whites because of the systemic racism of law enforcement officials , we are told .
Does Biden believe white cops are @ @ @ @ @ @ @ Bri ... Orsini , Alessandro Best Price : $ 22.63 Buy New $ 25.00 In the great cities where the killing of Black men is today all too common , the regimes that have ruled them for decades have been almost wholly Democratic .
Does Biden believe there is systemic racism in the ruling circles of all these Democratic-run cities ?
Over the last month , there has been an explosion of shootings and killings .
In Chicago , over Memorial Day , 84 people were shot , 24 mortally .
Last weekend @ @ @ @ @ @ @ and 14 killed .
New York City is experiencing the worst shooting violence in a quarter century .
Is there systemic racism in the police departments of our great cities ?
Again , who has been running those cities , if not Democrats ?
Out of America Keith B. Richburg Best Price : $ 8.02 Buy New $ 17.99 Is there inequality in wealth between Black and white America because of systemic racism ?
If so , why did that inequality persist through two terms of our first Black president , with Biden @ @ @ @ @ @ @ , with Elizabeth Warren , in wealth taxes on the rich and wealth transfers to close the Black-white wealth gap ?
Is there systemic racism in American media ?
Our dominant media institutions include The Washington Post , New York Times , ABC , CBS and NBC .
All are controlled by liberals .
Is there systemic racism in our great universities and colleges ?
Yet , Harvard , Yale , Princeton , Columbia , and the rest of the Ivy League have long been run by an entrenched liberal elite .
Is @ @ @ @ @ @ @ ?
Though African Americans are 13 % of the U.S. population , they occupy 18 % of all federal jobs .
Is there systemic racism in our public schools ?
Who controls the teachers unions ?
Who fills almost all of the teaching positions ?
Is there systemic racism in California ?
If so , who is at fault ?
The governor , both senators , both houses of the legislature , all statewide offices , and 46 of 53 U.S. House seats in California are held by Democrats .
If Biden emerges @ @ @ @ @ @ @ why all these institutions where his party and people are predominant — the media , Hollywood , the academic community , public schools , big-city governments , the big foundations , the federal bureaucracy — are apparently shot through with systemic racism after decades of Democratic dominance .
And , more precisely , what he intends to do about it .
Perhaps it ’ s better to shelter in place in the basement .
The Best of Patrick J. Buchanan

Shop all books by Pat Buchanan
Some polls now have Joe Biden running ahead of Donald Trump by 10 points and sweeping the battleground states of Michigan, Wisconsin and Pennsylvania. This vindicates the strategy Biden’s advisers have adopted:
Confine Joe to his basement, no press conferences. Trot him out to recite carefully scripted messages for the cameras. Then lead him back to his stall.
This enables Biden to avoid the blazing questions that are dividing not only Democrats and Republicans but liberals and leftists. And most of these issues touch on the explosive subject of race.
Consider. California’s legislature just voted to put to a statewide ballot in November a return to the racial preferences that were banned as discriminatory in a statewide referendum, 25 years ago.
The proposal would reverse the 1995 constitutional amendment, approved by 55% of voters, which outlawed “preferential treatment” based on “race, sex, color, ethnicity, or national origin.” Ship of Fools: How a S... Carlson, Tucker Check Amazon for Pricing.
If the measure carries, California returns to a racial spoils system.
Race preferences are being pushed because they are needed to bring about greater representation of Blacks and Hispanics in the student bodies of elite schools of the state university system like UCLA and the University of California, Berkeley.
Asian students are today “overrepresented” in these prestigious schools, because of their superior test scores.
Where does Biden stand on anti-Asian discrimination?
Earlier this June, the California Assembly voted to establish a task force to make recommendations for reparations for slavery.
Now, California did not enter the Union until 1850, and slavery was outlawed in the state constitution, though several thousand slaves were brought there during the 1849 Gold Rush.
Where does Biden stand on reparations for slavery? WHITE HOUSE REDS: Comm... Loudon, Trevor Buy New $24.95 (as of 03:32 UTC - Details)
Many of the recent protests in the wake of George Floyd’s death have involved the desecration and destruction of monuments.
What does Biden think about tearing down statues of Christopher Columbus and Robert E. Lee? Where does Biden stand on destroying statues of Presidents Washington, Jefferson, Andrew Jackson, Lincoln, Grant and Theodore Roosevelt?
What did Biden think of the removal of the statue of Caesar Rodney, Delaware statesman and slave owner, who, despite a grave illness, rode to Philadelphia to sign Jefferson’s Declaration of Independence and cast his lot with the American Revolution?
Understandably, Biden would prefer not having to choose between Caesar Rodney and BLM.
Black men are arrested and incarcerated more often than whites because of the systemic racism of law enforcement officials, we are told.
Does Biden believe white cops are congenital racists? Anatomy of the Red Bri... Orsini, Alessandro Best Price: $22.63 Buy New $25.00 (as of 04:20 UTC - Details)
In the great cities where the killing of Black men is today all too common, the regimes that have ruled them for decades have been almost wholly Democratic.
Does Biden believe there is systemic racism in the ruling circles of all these Democratic-run cities?
Over the last month, there has been an explosion of shootings and killings. In Chicago, over Memorial Day, 84 people were shot, 24 mortally.
Last weekend in Chicago, 106 people were shot and 14 killed. New York City is experiencing the worst shooting violence in a quarter century.
Is there systemic racism in the police departments of our great cities? Again, who has been running those cities, if not Democrats?
Out of America Keith B. Richburg Best Price: $8.02 Buy New $17.99 (as of 09:53 UTC - Details) Is there inequality in wealth between Black and white America because of systemic racism? If so, why did that inequality persist through two terms of our first Black president, with Biden as his VP?
Does Biden believe, with Elizabeth Warren, in wealth taxes on the rich and wealth transfers to close the Black-white wealth gap?
Is there systemic racism in American media?
Our dominant media institutions include The Washington Post, New York Times, ABC, CBS and NBC. All are controlled by liberals.
Is there systemic racism in our great universities and colleges? Yet, Harvard, Yale, Princeton, Columbia, and the rest of the Ivy League have long been run by an entrenched liberal elite.
Is our huge federal workforce permeated by racism?
Though African Americans are 13% of the U.S. population, they occupy 18% of all federal jobs.
Is there systemic racism in our public schools? Who controls the teachers unions? Who fills almost all of the teaching positions?
Is there systemic racism in California? If so, who is at fault? The governor, both senators, both houses of the legislature, all statewide offices, and 46 of 53 U.S. House seats in California are held by Democrats.
If Biden emerges, then he will have to answer why all these institutions where his party and people are predominant — the media, Hollywood, the academic community, public schools, big-city governments, the big foundations, the federal bureaucracy — are apparently shot through with systemic racism after decades of Democratic dominance.
And, more precisely, what he intends to do about it.
Perhaps it’s better to shelter in place in the basement.
The Best of Patrick J. Buchanan


lewrockwell--2020-06-27--Washington Is Sailing on a Collision Course With China

As of this month , the United States is deploying three of its aircraft carriers simultaneously to patrol the Pacific in what is designed to be a clear threat to China .
Each carrier strike group comprises destroyers , aircraft and submarines .
The U.S. has 11 aircraft carriers in total .
Rear Admiral Stephen Koehler , director of operations at Indo-Pacific Command , is quoted as saying of the unusual deployment .
“ Carriers and carrier strike groups writ large are phenomenal symbols of American naval power .
I really am pretty fired up that we ’ ve got @ @ @ @ @ @ @ Bonnie Glaser , director of the China Power Project at the Center for Strategic and International Studies , admitted that the operations were provocative , albeit suggesting that the reality was somehow a propaganda coup for Beijing .
She said : “ The Chinese will definitely portray this as an example of U.S. provocations , and as evidence that the U.S. is a source of instability in the region.
” Everything Under the H ... French , Howard W. Best Price : $ 6.94 Buy New $ 19.94 Forget about Chinese “ portrayal @ @ @ @ @ @ @ Washington is ramping up belligerence and instability in the Pacific .
The unprecedented muscle-flexing by the U.S. comes at a time when political relations between Washington and Beijing have descended into a new Cold War .
President Donald Trump is whipping up his support base with renewed racist slurs against China over the coronavirus pandemic .
At recent rallies in Oklahoma and Arizona , the president has referred to the “ Kung Flu ” and a “ plague ” sent from China .
Meanwhile , Trump ’ s Secretary of State Mike Pompeo @ @ @ @ @ @ @ the Beijing government is a “ rogue actor ” threatening supposed democratic Western states .
Pompeo urged European allies to stand with the U.S. against China ’ s “ tyranny ” .
For its part , Beijing slammed Pompeo for spreading “ political virus ” with a “ deep-seated Cold War mentality ” .
The anti-China hysteria in Washington has reached fever pitch .
Part of that stems from the Trump administration ’ s necessity to scapegoat China for its own disastrous mismanagement of the coronavirus disease which has seen the death toll @ @ @ @ @ @ @ no sign of easing up .
That ’ s nearly a quarter of the world ’ s death toll , a grim tally which is likely to keep on mounting in coming weeks as Trump desperately pushes for reopening of business-as-usual .
American Grand Strateg ... Kang , David C. Best Price : $ 12.64 Buy New $ 21.67 Then there is the longer , underlying trend of strategic confrontation .
It was under President Barack Obama in 2011 that the U.S. embarked on a “ Pivot to Asia ” , heralding the @ @ @ @ @ @ @ global target for American power .
The Trump administration has merely followed through on that strategic agenda of confrontation with China .
Which tends to demonstrate the structural nature of U.S. political power , whereby presidents may come and go , but imperialist policy is set on a constant course of deep state planning .
Trump ’ s fiery personality has certainly added fuel to the anti-China drive with his hobby-horse on the trade war , accusing China of “ raping ” American industries and all sorts of other alleged skulduggery .
That @ @ @ @ @ @ @ the frailty of U.S. economic power and Trump ’ s so-called “ Make America Great Again ” delusion .
Thus , a scapegoat had to be found for the “ outrage ” of exposing American hubris as an empty shell .
Step up China , a ready-made propaganda target for U.S. imperialism .
We Have Been Harmonize ... Strittmatter , Kai Buy New $ 30.99 A study this week by the China-based National Institute of South China Sea Studies claims that the Trump administration is deploying U.S. military power on an ever-increasing greater @ @ @ @ @ @ @ , the U.S. Navy carried out four “ freedom of navigation ” operations in the contested South China Sea .
Under Trump , the number of such operations has reached 22 , according to the institute .
What ’ s more disturbing , however , is the lines of communication between American and Chinese military commanders have apparently been drastically reduced since Trump took office in 2017 .
That means with the massive buildup of U.S. military force around China in the South China Sea and Strait of Taiwan there is a serious @ @ @ @ @ @ @ spiraling out of control .
( We have yet to see a comparable buildup of Chinese navy off California or Virginia . )
American and Chinese warships have already ran into dangerous near misses .
But what makes the present situation all the more perilous is the vacuum in military-to-military communications plus the toxic tensions that the Trump administration has deliberately wound up with Beijing .
Trust is at rock-bottom despite Trump ’ s past chummy words for Chinese President Xi Jinping .
The Third Revolution : ... Economy , Elizabeth C. Best @ @ @ @ @ @ @ 15.27 Washington is not only insinuating that China is legally liable for “ decimating the global economy ” .
The Trump administration is demanding that the European Union curtail its economic relations with China .
All sorts of slander is thrown at Beijing , from posing as a national security risk with its telecoms technology , to undermining European national sovereignty because China is investing in infrastructure projects across the EU .
Given that the EU is China ’ s biggest trading partner , such demands by Washington are a direct assault on @ @ @ @ @ @ @ Sailing a U.S. armada towards China is not some isolated maneuver – provocative that that is .
It is evidently a configuration of hostility , ranging from political to economic to military .
It ’ s classic imperialist power play by a decaying empire whose zero-sum mentality is a precursor for war .
The views of individual contributors do not necessarily represent those of the Strategic Culture Foundation .

As of this month, the United States is deploying three of its aircraft carriers simultaneously to patrol the Pacific in what is designed to be a clear threat to China. Each carrier strike group comprises destroyers, aircraft and submarines. The U.S. has 11 aircraft carriers in total.
Rear Admiral Stephen Koehler, director of operations at Indo-Pacific Command, is quoted as saying of the unusual deployment. “Carriers and carrier strike groups writ large are phenomenal symbols of American naval power. I really am pretty fired up that we’ve got three of them at the moment.”
Bonnie Glaser, director of the China Power Project at the Center for Strategic and International Studies, admitted that the operations were provocative, albeit suggesting that the reality was somehow a propaganda coup for Beijing. She said: “The Chinese will definitely portray this as an example of U.S. provocations, and as evidence that the U.S. is a source of instability in the region.” Everything Under the H... French, Howard W. Best Price: $6.94 Buy New $19.94 (as of 05:00 UTC - Details)
Forget about Chinese “portrayal”. It seems plainly factual that Washington is ramping up belligerence and instability in the Pacific.
The unprecedented muscle-flexing by the U.S. comes at a time when political relations between Washington and Beijing have descended into a new Cold War. President Donald Trump is whipping up his support base with renewed racist slurs against China over the coronavirus pandemic. At recent rallies in Oklahoma and Arizona, the president has referred to the “Kung Flu” and a “plague” sent from China.
Meanwhile, Trump’s Secretary of State Mike Pompeo told an online conference last week that the Beijing government is a “rogue actor” threatening supposed democratic Western states. Pompeo urged European allies to stand with the U.S. against China’s “tyranny”.
For its part, Beijing slammed Pompeo for spreading “political virus” with a “deep-seated Cold War mentality”.
The anti-China hysteria in Washington has reached fever pitch. Part of that stems from the Trump administration’s necessity to scapegoat China for its own disastrous mismanagement of the coronavirus disease which has seen the death toll in the U.S. surpass 120,000, with no sign of easing up. That’s nearly a quarter of the world’s death toll, a grim tally which is likely to keep on mounting in coming weeks as Trump desperately pushes for reopening of business-as-usual. American Grand Strateg... Kang, David C. Best Price: $12.64 Buy New $21.67 (as of 03:47 UTC - Details)
Then there is the longer, underlying trend of strategic confrontation. It was under President Barack Obama in 2011 that the U.S. embarked on a “Pivot to Asia”, heralding the explicit focus on China as a perceived global target for American power.
The Trump administration has merely followed through on that strategic agenda of confrontation with China. Which tends to demonstrate the structural nature of U.S. political power, whereby presidents may come and go, but imperialist policy is set on a constant course of deep state planning.
Trump’s fiery personality has certainly added fuel to the anti-China drive with his hobby-horse on the trade war, accusing China of “raping” American industries and all sorts of other alleged skulduggery.
That was before the coronavirus pandemic brutally exposed the frailty of U.S. economic power and Trump’s so-called “Make America Great Again” delusion. Thus, a scapegoat had to be found for the “outrage” of exposing American hubris as an empty shell. Step up China, a ready-made propaganda target for U.S. imperialism. We Have Been Harmonize... Strittmatter, Kai Buy New $30.99 (as of 05:21 UTC - Details)
A study this week by the China-based National Institute of South China Sea Studies claims that the Trump administration is deploying U.S. military power on an ever-increasing greater scale. During the two Obama administrations, the U.S. Navy carried out four “freedom of navigation” operations in the contested South China Sea. Under Trump, the number of such operations has reached 22, according to the institute.
What’s more disturbing, however, is the lines of communication between American and Chinese military commanders have apparently been drastically reduced since Trump took office in 2017.
That means with the massive buildup of U.S. military force around China in the South China Sea and Strait of Taiwan there is a serious risk of some incident or perceived trespass spiraling out of control. (We have yet to see a comparable buildup of Chinese navy off California or Virginia.) American and Chinese warships have already ran into dangerous near misses. But what makes the present situation all the more perilous is the vacuum in military-to-military communications plus the toxic tensions that the Trump administration has deliberately wound up with Beijing. Trust is at rock-bottom despite Trump’s past chummy words for Chinese President Xi Jinping. The Third Revolution: ... Economy, Elizabeth C. Best Price: $10.48 Buy New $15.27 (as of 04:54 UTC - Details)
Washington is not only insinuating that China is legally liable for “decimating the global economy”. The Trump administration is demanding that the European Union curtail its economic relations with China. All sorts of slander is thrown at Beijing, from posing as a national security risk with its telecoms technology, to undermining European national sovereignty because China is investing in infrastructure projects across the EU.
Given that the EU is China’s biggest trading partner, such demands by Washington are a direct assault on Beijing’s vital global interests.
Sailing a U.S. armada towards China is not some isolated maneuver – provocative that that is. It is evidently a configuration of hostility, ranging from political to economic to military. It’s classic imperialist power play by a decaying empire whose zero-sum mentality is a precursor for war.
The views of individual contributors do not necessarily represent those of the Strategic Culture Foundation.


Bait and Switch

Anybody else notice Joe Biden styling himself as Abe Lincoln this week ?
Uh , bad career move , pal .
Someone ought to notify the Democratic Party leader that a ) Mr. Lincoln was a Republican , and b ) he was a racist through and through ( BLM certified ) .
The presidential frontrunner is unlikely to win more “ woke ” hearts-and-minds with this latest stunt .
Maybe if they put him in a wheelchair the voters might think he was the second coming of Franklin Roosevelt ( though he actually looks more like post-stroke Woodrow Wilson @ @ @ @ @ @ @ they say ) .
Notice , too , that Uncle Joe appeared in Honest Abe drag to announce that US coronavirus deaths had reached “ a hundred and twenty million.
” Say , what ?
That would be roughly one-third of the US population !
Excuse me for wondering if the candidate is being a little less than perfectly frank with us .
And the costume didn ’ t really put that gag over , either .
Anyway , the Democratic Party must be lovin ’ it , despite the crocodile tears about @ @ @ @ @ @ @ Times , because a new wave means that even more American businesses will be destroyed , more jobs lost , more careers extinguished , the battered economy will get brutally smacked down again , and it will all make President Trump look even more unelectable .
Queen of Chaos : The Mi ... Diana Johnstone Best Price : $ 3.10 Buy New $ 2.99 Suspicious minds may be prompted to wonder whether years of fake news from Wokesterdom ’ s media allies have finally produced the ultimate hoax : a completely fake candidate @ @ @ @ @ @ @ for three months since sweeping the Super Tuesday primaries by some strange coup of polling station magic .
No campaign glad-handing , baby-kissing , and maiden-sniffing among those virus-saturated crowds for Uncle Joe this time around !
And Gawd forbid any press conferences or spontaneous remarks — poor Mr. Biden tends to flub even his scripted statements .
It ’ s a bit hard to imagine how his acceptance speech will go… and… Lordy… the debates !
In the immortal words of rap impresario Jay-Z , “ Nigga , Please !
” ( @ @ @ @ @ @ @ way— thank you , Jeff Bezos , humanitarian ) .
This Joe Biden thang is being set up as some kind of bait-and-switch , but the scheme is a little too obvious , dontcha think ?
Mr. Biden has obliged himself to choose a “ woman-of-color ” as his running mate , of course , and so it is assumed that about twenty minutes after the swearing-in on January 20 , 2021 , Stacey Abrams ( or Val Demings , or Kamala Harris , or Tawana Brawley ) will become de facto president @ @ @ @ @ @ @ to the races , so to speak .
It ’ s a cute gambit , but I don ’ t see it playing out .
You may be unaware of this but the Democratic Party is actually owned , lock-stock-and-barrel , by the Clinton Foundation .
It has something else in mind .
Due to the unfortunate last minute discovery of Joe Biden ’ s incapacity to serve , She Whose Turn Was Thwarted in 2016 will perforce be the party ’ s nominee for an epic rematch with the Golden Golem of @ @ @ @ @ @ @ : everybody wants to see that contest .
And an election with mail-in ballots will cinch her victory .
The Shadow Party : How ... David Horowitz , Richar ... Best Price : $ 3.48 Buy New $ 7.69 In the meantime , she remains concealed deep in her Chappaqua , New York , Fortress of Solitude , mirthfully free of having to offer her views on the current goings-on across America .
Speaking of which , you ’ d think that her place-holder , Mr. Biden , would grudge up a comment @ @ @ @ @ @ @ upon the land these recent fevered weeks , a few soothing words requesting that the Resistance youth corps of America desist from looting , arson , and pulling down statues of every dead white person ever mistakenly placed on a pedestal to beam waves of racist hatred at the oppressed multitudes .
But he remains enigmatically silent about it .
Perhaps no one has informed him of all the action in the streets since the tragic killing of George Floyd .
What ’ s quite a bit stranger , though , is the @ @ @ @ @ @ @ and spirit-guide , former president Barack Obama .
Surely Mr. Obama has witnessed the mayhem from Seattle ’ s Capitol Hill to Chicago ’ s Magnificent Mile , from Midtown Manhattan ’ s Fifth Avenue to Lafayette Square just across the way from the place he called home for eight years .
Surely he would be The One to call for an end to the violent destruction .
Has something got him distracted ?
What could it be… ?
The Best of James Howard Kunstler

Anybody else notice Joe Biden styling himself as Abe Lincoln this week? Uh, bad career move, pal. Someone ought to notify the Democratic Party leader that a) Mr. Lincoln was a Republican, and b) he was a racist through and through (BLM certified). The presidential frontrunner is unlikely to win more “woke” hearts-and-minds with this latest stunt. Maybe if they put him in a wheelchair the voters might think he was the second coming of Franklin Roosevelt (though he actually looks more like post-stroke Woodrow Wilson, a racist to the bone, they say).
Notice, too, that Uncle Joe appeared in Honest Abe drag to announce that US coronavirus deaths had reached “a hundred and twenty million.” Say, what? That would be roughly one-third of the US population! Excuse me for wondering if the candidate is being a little less than perfectly frank with us. And the costume didn’t really put that gag over, either. Anyway, the Democratic Party must be lovin’ it, despite the crocodile tears about the virus shed by The New York Times, because a new wave means that even more American businesses will be destroyed, more jobs lost, more careers extinguished, the battered economy will get brutally smacked down again, and it will all make President Trump look even more unelectable. Queen of Chaos: The Mi... Diana Johnstone Best Price: $3.10 Buy New $2.99 (as of 11:38 UTC - Details)
Suspicious minds may be prompted to wonder whether years of fake news from Wokesterdom’s media allies have finally produced the ultimate hoax: a completely fake candidate for president. Mr. Biden has gone-to-ground for three months since sweeping the Super Tuesday primaries by some strange coup of polling station magic. No campaign glad-handing, baby-kissing, and maiden-sniffing among those virus-saturated crowds for Uncle Joe this time around! And Gawd forbid any press conferences or spontaneous remarks — poor Mr. Biden tends to flub even his scripted statements. It’s a bit hard to imagine how his acceptance speech will go… and… Lordy… the debates! In the immortal words of rap impresario Jay-Z, “Nigga, Please!” (available on Amazon Music, by the way— thank you, Jeff Bezos, humanitarian).
This Joe Biden thang is being set up as some kind of bait-and-switch, but the scheme is a little too obvious, dontcha think? Mr. Biden has obliged himself to choose a “woman-of-color” as his running mate, of course, and so it is assumed that about twenty minutes after the swearing-in on January 20, 2021, Stacey Abrams (or Val Demings, or Kamala Harris, or Tawana Brawley) will become de facto president, and we’ll be off to the races, so to speak. It’s a cute gambit, but I don’t see it playing out. You may be unaware of this but the Democratic Party is actually owned, lock-stock-and-barrel, by the Clinton Foundation. It has something else in mind. Due to the unfortunate last minute discovery of Joe Biden’s incapacity to serve, She Whose Turn Was Thwarted in 2016 will perforce be the party’s nominee for an epic rematch with the Golden Golem of Greatness. Let’s face it: everybody wants to see that contest. And an election with mail-in ballots will cinch her victory.
The Shadow Party: How ... David Horowitz, Richar... Best Price: $3.48 Buy New $7.69 (as of 02:30 UTC - Details) In the meantime, she remains concealed deep in her Chappaqua, New York, Fortress of Solitude, mirthfully free of having to offer her views on the current goings-on across America. Speaking of which, you’d think that her place-holder, Mr. Biden, would grudge up a comment or two about all the mayhem loosed upon the land these recent fevered weeks, a few soothing words requesting that the Resistance youth corps of America desist from looting, arson, and pulling down statues of every dead white person ever mistakenly placed on a pedestal to beam waves of racist hatred at the oppressed multitudes. But he remains enigmatically silent about it. Perhaps no one has informed him of all the action in the streets since the tragic killing of George Floyd.
What’s quite a bit stranger, though, is the silence of Joe Biden’s mentor and spirit-guide, former president Barack Obama. Surely Mr. Obama has witnessed the mayhem from Seattle’s Capitol Hill to Chicago’s Magnificent Mile, from Midtown Manhattan’s Fifth Avenue to Lafayette Square just across the way from the place he called home for eight years. Surely he would be The One to call for an end to the violent destruction. Has something got him distracted? What could it be…?
Reprinted with permission from Kunstler.com.
The Best of James Howard Kunstler