End the FED

The US government’s Consumer Price Index indicates prices have increased 7.9 percent in the last year. While this statistic shows the highest rate of increase in forty years, it still understates the amount prices have increased, in part because the statistic is manipulated to minimize reported price increases.

A stealth form of inflation is “shrinkflation.” Shrinkflation occurs when businesses reduce the size of a product so its price can stay the same. For example, Frito-Lay recently began putting fewer chips in a bag of Doritos, reducing the weight of a bag about five percent from 9.75 ounces to 9.25 ounces in the process. Of course, charging the same for less is a type of price increase.

This week the Federal Reserve increased the interest rate by .25 percent. This increase, it said, is a step in combating inflation. The Fed also announced that it plans to raise rates six more times this year. However, even if the Fed follows through on this plan, rates will only increase from near zero to around 1.9 percent. This is unlikely to effectively combat inflation. The Fed also indicated a commitment to reducing its almost nine trillion dollars balance sheet, although its official statement did not specify details such as when the Federal Reserve would start reducing holdings.

The Federal Reserve is facing a dilemma of its own making. Continuing to keep rates low will cause a dollar crisis. A dollar crisis then can lead to a major economic meltdown worse than the Great Depression. However, if the Fed were to increase rates to anything close to where they would be in a free market, that would dramatically increase the federal government’s debt payments burden.

The only reason Congress’s reckless spending and the Fed’s reckless monetary policy have not yet caused a major economic crisis is the dollar’s world reserve currency status. One of the pillars of the dollar’s status is the use of the dollar in the international oil market. The “petrodollar,” though, may soon be replaced. Saudi Arabia is considering selling some oil for Chinese yuan instead of US dollars. India is considering using Russian rubles and Indian Rupees instead of US dollars in trade with Russia, including for the purchase of Russian oil. This will help get around US sanctions. Concerns about the stability of the US economy, combined with increasing resentment of our foreign policy, will cause other countries to abandon the dollar.

Economic instability can lead to political instability, violence, and an increase in support for authoritarian movements. A way to avoid this is for those of us who know the truth to spread the ideas of liberty. When a critical mass of people demands fiscal responsibility and constitutionally limited government, the politicians will comply.

To put an end to the welfare-warfare state, Congress can drastically reduce the military budget, end all corporate welfare, and shut down all unconstitutional cabinet departments. The savings can be used to pay down debt and to support those truly dependent on government programs while responsibility for providing assistance returns to local institutions and private charities.

Congress should also restore a sound monetary policy by auditing, then ending, the Fed, as well as by repealing both legal tender laws and capital gains taxes on precious metals and cryptocurrencies. Ending the era of the welfare-warfare state and fiat currency can lead to a transition to a new era of liberty, peace, prosperity — and full bags of Doritos.

The Best of Ron Paul, MD

Thank you, Media

“Whenever the people are well informed, they can be trusted with their own government; that whenever things get so far wrong as to attract their notice, they may be relied on to set them to rights.”

–Thomas Jefferson to Richard Price, January 8, 1789

True. But when people are badly informed; misinformed; or not informed at all, other than with tripe and propaganda?

Then you have the situation we have today. Mass hysteria, widespread ignorance, and movement toward either all-out totalitarianism or civil war. Or both.

Thank you, media.

Michael J. Hurd, Daily Dose of Reason

The Fake News Matrix

A friend insisted that I watch some of the US TV reporting of Russia’s police action in Eastern Ukraine, called a “Russian invasion” by the Western Presstitutes. He said it was such comically infantile war propaganda that he was insulted that the media would think Americans stupid enough to fall for it. To sum it up, there was no reporting, just fictions deployed to demonize Putin and Russia in the most incompetent way conceivable. The Russians are both destroying Ukraine, bombing and killing everyone, shooting down Ukrainians as they flee cities and losing the war. Their invasion has been halted by Ukrainian forces led by neo-Nazi “freedom fighters.” This despite all “freedom fighters” being surrounded and cut off. Massive Russian loses of troops, tanks, and jet fighters are reported. Only a portion of the Russian troops have been committed to combat, but according to the presstitutes Russia is reduced to replacing its decimated troops with conscripted untrained youth and elderly men and begging China for weapons with which to fight. Hungry and unfed Russian troops are surrendering to Ukrainian forces in order to get something to eat. Russia is on the verge of being unable to continue fighting. As soon as Putin is captured, former British prime ministers want him tried as a war criminal. The “news” degenerates from this point on.

The “invasion” is a limited military operation in eastern Ukraine to clear Donbass of the Ukrainian military elements, both official army and neo-Nazi militias, that have been shelling Donbass Russians for 8 years. Russia intervened after the West and Ukraine consistently refused to abide by the Minsk Agreement and cease the attacks.

The intervention has been highly successful. Precision strikes destroyed Ukrainian military infrastructure and weapon systems prior to the arrival of Russian troops. Ukraine has no air force left, no navy left. Its military units are cut off and surrounded. The only remaining obstacle is the neo-Nazis who have taken advantage of the Russian policy of minimizing civilian casualties by ensconcing themselves among civilian populations. The Russians created corridors for civilians to leave, but the neo-Nazi militias do not permit it as they are using the civilians as shields. The Russians are deciding between letting the neo-Nazis leave, which means they would escape both death and the war crimes trials the Russians intend for them, or accepting the casualties of street by street fighting. Negotiations with Zelensky to end the conflict don’t seem to make much sense as Zelensky does not have control over the neo-Nazi militias.

The presstitutes’ blathering about sending jet fighters and weapons to Ukraine’s embattled forces is nonsense. There is no way for the weapons to get through the Russian lines and no airfields in Ukraine from which jet fighters, for which no pilots exist, can operate. The notion of a US/NATO no-fly zone over Ukraine is comical. Russian air superiority is total.

The Russian military intervention could have been avoided, but Washington insisted on leaving Russia no choice. Washington wanted the intervention. Fearful of losing its European empire to growing trade relations and energy dependence on Russia, Washington is using the intervention for a psyops campaign that puts Russia beyond the pale. The entire “international community,” like a bunch of lemmings, is in the process of eliminating all Russian connections. Yuri Gagarin, the first man in space, has had his name erased from a space conference celebrating human achievements, and the International Energy Agency has proposed “Car-free Sundays” to punish Putin, which somehow won’t punish those confined to home on Sundays, American oil companies, and Saudi Arabia.

Andrei Martyanov reminds us of the extent of the “international community.” Meanwhile, the rest of the world marvels that the Western world with its plan to destroy 7 countries in 5 years can only find war criminals in Russia.

My concern about Russia’s limited military operation is that the concern with civilian lives delays the conclusion and gives time for the West to blunder into a wider war. The limited operation and delay also deprives Russia of the “shock and awe” effect of a total and quick conquest, easily within their means, which could have made Europe realize that provoking Russia is not a good policy and cease enabling Washington’s provocations, which eventually will result in nuclear war. In other words, better Ukrainian casualties now than the whole world later.

The silver lining in the sanctions is that they are forcing Russia to disengage from globalism and thereby will reduce the danger of nuclear war by minimizing Russia’s contacts with the West. Those who are defeated by the sanctions are the pro-Western fifth column inside Russia known as the “Atlanticist Integrationists,” those determined that Russia sacrifice its sovereignty in order to be part of the West. The sanctions have damaged the influence of the West’s fifth column inside Russia.

The Coming Dethronement of Biden and Harris

I sense a disturbance in the force. In fact, I’ve been feeling the tremors for a while. Back in January, I wrote a column for American Greatness called “The Coming Dethronement of Joe Biden.” In it, I noted that Biden’s appalling performance as president would sooner or later—and probably sooner, given the ostentatious nature of his multifaceted failure—lead to his removal as president. 

I should have added that it wasn’t Biden’s performance per se that would lead to his downfall. The problem, rather, was the way his performance was undermining his—and therefore his minders’ and puppetmasters’—political power. As Saul Alinsky, community organizer to the stars, noted, the “issue is never the issue.” Accordingly, the people who put Joe Biden in power—I cannot name them, but I know they are the same people who keep him in power—do not care about inflation, rising gas and food prices, COVID lockdowns or mask mandates, the porousness of our Southern border, the threat of war with Russia, or the myriad other issues that worry ordinary voters. I am quite certain, in fact, that the word “voters” brings a vaguely contemptuous smile to their faces. 

They are not troubled by the suffering of the people, indeed, they approve of a certain amount of suffering. Suffering produces dependency; and dependency, in turn, is like an insurance policy for those who cater to it: the bureaucrats who fill the troughs that feed the populace. The point, of course, was never to end the dependency but to manage in such a way as to perpetuate and expand it. Joe Biden is an errand boy, a figurehead, in the metabolism of this great (not to say Great Society) act of political legerdemain. 

Back in January, I compared the conundrum that Joe Biden presented to The Committee that keeps him in power with the conundrum that Richard Nixon presented to the elites of his day. Nixon was hated by all the beautiful people of his day, but before he could be disposed of the elites had to address the problem of Spiro Agnew, who in his own way was nearly as preposterous as Kamala Harris. Fortunately for the anti-Nixon forces, Agnew was also corrupt in a pedestrian, easy-to-demonstrate sort of way. So all that the forces of light and virtue had to do was produce evidence of his glomming on to paper bags full of pelf in exchange for favors rendered and, presto, Agnew was history. 

Kamala Harris is more of a problem. She is at least as appallingly incompetent as her boss, and no less challenged rhetorically, as her alarming performance in Poland and Romania a week or two back demonstrated. But Harris will not be as easy to shift as was Agnew. I have heard nothing about actual bribery, and acting as the warm bun for Willie Brown’s bratwurst may be in dubious taste but is not actionable.

But Biden’s—and Harris’—polls continue to crater, with 60 percent of respondents disapproving of the job Biden is doing, and 50 percent “strongly” disapproving. It’s the worst showing yet, and many commentators are rubbing salt into the wound by stressing the adverb: We’ve been traveling down this road for months, they say, and so far every “worst yet” turns out to be tomorrow’s “hold my beer” moment. 

The last several days have been full of wonder at the New York Time’s admission that, guess what, Hunter Biden’s “laptop from hell” was not—as Joe Biden claimed—“Russian disinformation.” Nope, everything that Donald Trump said to Leslie Stahl about it was true. Everything the New York Post said about it was true. Twitter and the rest of the regime media pronounced a damnatio memoriae on the Post and anyone who dared publicize the scurrilous story. The poor computer repair chap who found and publicized the dirt, political as well as sexual, on Hunter’s laptop was hounded and driven into bankruptcy. (Remember Jonah Goldberg on that poor fellow? I do. “Wait you believe the computer repair shop story? Like at face value?”)

The truth was there, staring everyone in the face. Remember Tony Bobulinski? He is the former Navy officer and businessman who was set to start a financial company with Hunter and Jim Biden, Joe’s brother. As I noted at the time, just before the 2020 election Bobulinski demonstrated, with copious contemporary documentation, 

that various Chinese entities, all of whom—like all things Chinese—are ultimately answerable to the party, have invested heavily in the Bidens via various business enterprises of Joe’s son Hunter. We are talking about tens of millions of dollars.

Now, why would the Chinese do this? Out of some misplaced humanitarian instinct? No, they did it in order “to capitalize on the Biden name.” At the time, remember, Joe was vice-president of the United States. That was all that Hunter had to offer. But it was, the Chinese wagered, quite a lot. Many thought that Joe Biden might be president, and it turns out they were right. It was, in short, “influence peddling of the grossest and most spectacular kind.” As I said then,

When influence is peddled, obligations are incurred. When obligations are incurred, favors can be expected. When the favors are owed, directly or indirectly, to the Chinese Communist Party, you want to be sure that the people in debt are not, you know, presiding over the government of the United States of America.

All that information about Bobulinski came from an interview with Tucker Carlson. It was about the only place you could find his name. Searches for him.

was about the only place you could find his name. Searches for him on CNN turned up zilch: “search not found.” We’re talking about a week or two before the election. Everything not friendly to Biden was memory-holed. Hunter’s laptop, of course, but also the evidence that Bobulinski produced showed that, contrary to Joe Biden’s direct testimony, Joe did talk to Hunter about his business. In one communication, equity stakes for the new company are spelled out. Ten percent is to be held by “H”—that’s Hunter—for “the big guy,” “my Chairman,” i.e., Joe Biden.

Which brings me back to the disturbance in the force with which I began. Why do you suppose that the New York Times has decided, finally, at this late date, to acknowledge that the story that the New York Post broke about Hunter’s laptop was true? The Times, like the rest of the fake news establishment, like virtually all of social media, buried the story, screaming loudly that of course it wasn’t true, of course it was Russian disinformation, mediated somehow by that consummate Putin puppet, Donald Trump. Fifty-one “intelligence experts,” remember, signed an open letter denouncing the story and pronouncing anathema upon Donald Trump. Presented with evidence that they were wrong, every one of that disgusting crew—John Brennan, James Clapper, and the rest of the anti-Trump deep state coven—refused to apologize

Many people seem to think that the reason that the story of Hunter’s laptop—which is just as much about Joe Biden’s perfidy as it is about Hunter’s perversion—has emerged now is because it can no longer do any serious damage. The election is over, Biden won—at least, he was declared the winner, which is not quite the same thing, although it does mean that he gets to live at 1600 Pennsylvania Avenue. 

But I wonder if there isn’t something else going on. The news is full not only of stories about the New York Times fessing up, sort of, about the contents of Hunter’s laptop, but also of stories about how Hunter is likely to be indicted for tax fraud. In one sense, that is not news. I wrote about it at the end of 2020 when Hunter announced, sotto voce, that he had been informed that he was being investigated by the tax authorities. But in another sense, I suspect, that news, like the revelation from the New York Times that, what do you know, all that stuff about Hunter’s laptop was on the level, like Joe Biden’s bizarre suggestion a couple of days ago that “everybody knows somebody” who has taken nude pictures of some lover and then used them to “blackmail” the person—all that has a different valence now that the Biden Administration is seriously underwater and there are no lifelines in evidence. 

The issue is never the issue. I suspect that Joe Biden is being prepped for ejection. Exactly how it will happen I do not yet know. But he is on the threshold, or possibly has even passed the threshold, where he could appear to govern. His minders understand this. They must be the ones to replace him, otherwise they themselves risk being replaced, which would be intolerable. As I say, it’s not entirely clear yet how the defenestration will take place. Obviously, Kamala will have to be dealt with first, and she will be. Look for some ground softening stories such as the Times just served up about the laptop. They won’t be long in coming. 

About Roger Kimball

Roger Kimball is editor and publisher of The New Criterion and the president and publisher of Encounter Books. He is the author and editor of many books, including The Fortunes of Permanence: Culture and Anarchy in an Age of Amnesia (St. Augustine’s Press), The Rape of the Masters (Encounter), Lives of the Mind: The Use and Abuse of Intelligence from Hegel to Wodehouse (Ivan R. Dee), and Art’s Prospect: The Challenge of Tradition in an Age of Celebrity (Ivan R. Dee).

Without the Power of Principle, America will Perish

Nothing against Ukrainians…But first and foremost, I stand with the U.S. Constitution and the Bill of Rights.

**************

Shouldn’t we defeat the Biden regime BEFORE going to war with Putin? Isn’t the real, clear and present danger to American freedom here at home?

**************

America’s destruction is at the hands of ordinary citizens who hate America: THEY are the ones who make Biden, Pelosi, Soros, Obama & co. possible.

**************

Morality: Doing what is right regardless of what you are told.

Obedience: Doing what you are told regardless of what is right.

If freedom perishes from the earth, the dominance of obedience over morality will be the reason.

***************

The Coronavirus will come and go. But the government will NEVER forget how easy it was to take control of your life. To control every sporting event, classroom, restaurant table and church pew. And even if you are allowed to leave your house.

This is because the evil people in our government and media DO understand one thing: principle. They are amoral, unprincipled sociopaths. But they still grasp the importance of principle, and turn that understanding against their victims.

The only reasons we are now victims of these tyrants? Because most of us evade or fail to understand the importance of princple. The principle here is clear: You’re either free, or you’re not. If the government may declare a crisis any time it wishes, for any reason it wishes, and turn your freedom on and off like a light switch… well then, you are no longer free.

And if you think you still are free, then you are oblivious — or indifferent — to the power of principle.

Michael J. Hurd, Daily Dose of Reason

Kamala and Joe Go to War

It’s so sad. One of the arguable benefits of nuclear weapons is they put an end to wars like WWI and WWII (pre-Hiroshima). Yet here we are, in 2022, seemingly finding ourselves in another WW I. Even worse, it will probably end with the use of nuclear weapons, given Putin’s insanity and Biden’s darkly comical weakness.

How can the U.S. possibly win here? And when has Europe ever won anything without the U.S.? The American military is hollowed out in terms of manpower, thanks to the vax mandate, which removed from duty the most independent and patriotic of soldiers. And it’s hollowed out intellectually, thanks to the open racism and Marxism being imposed by top brass Obama holdovers and Bidenistas. How can a fighting force brainwashed to DESPISE their own country possibly be expected to win? Observe the disaster in Afghanistan last summer. Ideas have consequences. Even the greatest military in all of human history can only take so much.

So that leaves us with a military draft, should we end up in a sequel to WW I. Good grief. Can anyone picture these mask-wearing, free tuition-demanding, Bernie Sanders-loving socialists on a champagne budget TWITS going overseas to fight Ruskies in a conventional war? Can you see them putting their cell phones down long enough? It will NEVER happen. I recognize there are magnificent young people out there who can probably do just about anything. But I dare you to challenge my assertion that they are most surely in the minority.

People my age had parents of the greatest generation, WW II. Most of them are gone now. These wiser souls would be rendered speechless by the spectacle of Joe and Kamala acting the part (badly) of puppets with an agenda self-evidently programmed on auto-destruct for America. There are no Pattons, no Eisenhowers, no MacArthurs, no Churchills, no Trumans today. There are only the demented, nasty court jester and his incoherent, apparently illiterate cackling sidekick. It does injustice to the concept “incompetence” to label them as such. These morons on speed are nothing less than some kind of horrific, cosmic, utterly metaphysical sick joke. America: What did you do SO wrong to deserve the fate of Kamala and Joe taking us down after the greatest run of freedom and prosperity in the history of mankind?

Assuming there really is a war in Ukraine as deadly as we’re told there is (given a media properly labeled sociopathic in its dishonesty), I can only say GOD HELP US ALL if this growing conflagration in Eastern Europe and Ukraine turns into a conventional war of snowflakes vs. the Russian Bear. I repeat: We will not win.

Michael J. Hurd, Daily Dose of Reason

Liberals LOVE a Calamity

“The corporate media and Democrats are whipping up a moral panic around Ukraine that could deliver us right into World War III, all in an effort to win the 2022 midterms — and it looks as if more and more Republicans are falling for it.” — John Nolte, Breitbart

Communists, fascists, progressives–like all totalitarians–thrive on crisis. Freedom fosters independence, prosperity for all and individual happiness. THIS IS NOT WHAT LEFTISTS WANT. Most leftists are unhappy, chronically anxious and largely unhinged people. They welcome things like pandemics and wars. Such things reinforce their sense that life is, and should be, a vale of tears and atonement. It makes them feel important, powerful and self-sacrifical to (pretend to) participate in these calamities.

And yes, the desire for power of high profile leftists is unlimited. Power is their heroin. Donald Trump briefly took their heroin away and this made them INSANE. They will not merely RISK WWIII to win the midterms. They will gladly start WWWIII to win the midterms. They simply do not care. I have been saying for over a year that today’s Democrat Party totalitarians have the potential to be even WORSE than the Hitlers and Stalins of the past. What makes them so dangerous is not their abilities, but the near ZERO opposition they face.

Complacency and moral cowardice among the good guys…THAT’S what’s killing us.

Michael J. Hurd, Daily Dose of Reason

Liberty is not Inevitable, Even in America

Liberty does not flourish because America is great. America was great only as long as liberty flourished. We forget that at our peril.

As authoritarianism and totalitarianism begin to envelop America, many complacently say: “America is great. She will survive this.” It’s America, after all.

But why? How? When there’s no widespread or deeply cultural attachment to liberty, a society cannot remain free.

We saw what happened with the election of 2020. We saw what happened with 2 solid years of COVID fascism — which could return the next time someone sneezes. We can only imagine what’s coming next, especially with the possible development (so we’re told) of nuclear war with Russia. And then there’s China.

The opposition to what has been going on in the last two years in America has been shockingly minimal. It has been easy for those in power to suffocate any and all opposition. Witness what happened in Canada. Truckers silenced, gone, bank accounts frozen. Even their supporters silenced, bank accounts frozen. You had better believe the same can happen here, and will probably happen, at some point.

A free country is only as great as the people who inhabit the country, and who are willing to stand up for it. Lighting up your Facebook page with a flag of the Ukraine means nothing if you tolerate mask and vax mandates, censorship, rigged elections, hyperinflation, wealth redistribution, freezing of private bank accounts, and gun confiscation.

We will only be free as long as we deserve to be free — and as long as we want to be free. If most of us let it slip away … that’s on us.

Michael J. Hurd, Daily Dose of Reason