Lock Out Below! Lockdown Economy Plunging

Lock Out Below! Lockdown Economy Plunging

Mike Shedlock crystallized the Lockdown Nation catastrophe at hand by focusing on the unemployment claims numbers for Michigan Wednesday morning. And it doesn’t get any more transparent than a staggering 25% of the state’s work force already having filed unemployment insurance claims under the existing Federal/State UI program—only to have its computers crash and burn when the normally uninsured gig workers and self-employed tried to file this week for the new Federal $600 per week Covid benefit: More than 1 million people — over a quarter of Michigan’s workforce — have filed for...

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The Money-Printing Gods Have Failed

The Money-Printing Gods Have Failed

Hooray! Finally even the robo-machines and day traders are puking, not BTFDing. Today’s 3,000 Dow Point Dump says even they have had enough of the craven dolts who occupy the Eccles Building. You do not need a PhD in economics—or even a night school survey course—to see that COVID-19 is temporary supply side shock which 0.05% money market rates are powerless to combat. Likewise, you don’t need to be a finance wizard to see that with 10-year USTs at 0.78% and 30-year mortgages at their lowest level in history more QE is a sick joke. Adding another $700 billion of government and GSE debt to...

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Hey, Jay, Enough Of Your Stinkin’ Easy Money!

Hey, Jay, Enough Of Your Stinkin’ Easy Money!

It doesn’t get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more.  So if you ever needed a final warning to get out of the casino, today’s back-to-back eruption of financial insanity from the two most powerful economic actors on the planet should be it.  Even then, we might be inclined to give the Donald a tad bit of slack. After all, he’s an absolute dunderhead on economics and spent a lifetime as a leveraged real estate speculator, where, in fact, lower rates...

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Yes, Virginia, There Is A Deep State And It’s Feeding The Anti-POTUS Mob

Yes, Virginia, There Is A Deep State And It’s Feeding The Anti-POTUS Mob

The prepared statement of the latest UkraineGate whistle-blower is well worth the read. It tells you all you need to know about why the Deep State apparatchiks are coming out of the woodwork in a massive assault on America’s duly elected president. They are deathly afraid Trump will begin to dismantle a far-flung Empire which has wreaked havoc around the world, bled America’s fiscal accounts dry, and fostered unspeakable prosperity among the beltway’s legions of empiresupporting agencies, contractors, think tanks, foreign lobbies, NGO’s and Kstreet racketeers. Whether out of common sense,...

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Swan Song of the Central Bankers Part 1: Last Week Wasn’t an Error

Swan Song of the Central Bankers Part 1: Last Week Wasn’t an Error

Last week's twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will be generational, not a temporary cyclical downleg. What hit the casino wasn't an air pocket; it was a fundamental change of direction, signaling that the three decade long central bank experiment with Bubble Finance has now run its course. Moreover, this epochal pivot is not tentative or reversible in any near-term time frame that matters. That's because the arrogant but clueless...

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Swan Song of the Central Bankers Part 1: Last Week Wasn’t an Error

Swan Song of the Central Bankers Part 1: Last Week Wasn't an Error

Last week's twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will be generational, not a temporary cyclical downleg. What hit the casino wasn't an air pocket; it was a fundamental change of direction, signaling that the three decade long central bank experiment with Bubble Finance has now run its course. Moreover, this epochal pivot is not tentative or reversible in any near-term time frame that matters. That's because the arrogant but clueless...

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Now Comes Boondoggle Don — Why Infrastructure Won’t MAGA

America's economy is faltering not from too little infrastructure spending, but from too much debt----$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time to put the kibosh on the Trumpite/GOP's latest hare-brained scheme to balloon the public debt. As if the impending FY 2019 collision between $1.2 trillion of new Treasury borrowing and the Fed's $600 billion bond-dumping campaign (QT) incepting this coming October were not enough, word now comes that Tuesday's night's State of...

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Now Comes Boondoggle Don — Why Infrastructure Won't MAGA

America's economy is faltering not from too little infrastructure spending, but from too much debt----$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time to put the kibosh on the Trumpite/GOP's latest hare-brained scheme to balloon the public debt. As if the impending FY 2019 collision between $1.2 trillion of new Treasury borrowing and the Fed's $600 billion bond-dumping campaign (QT) incepting this coming October were not enough, word now comes that Tuesday's night's State of...

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News

News Roundup 6/28/2022

US News The Biden administration, reacting to a federal court ruling in Texas, has suspended an order that had focused resources for the arrest and deportation of immigrants on those who are considered a threat to public safety and national security. [Link] A record...

News Roundup 6/27/2022

US News An Afghan prisoner who was held in US custody for nearly 15 years without charge was released from the Guantanamo Bay detention center and returned to Afghanistan. [Link] Ukraine War  President Joe Biden said Sunday that the Group of Seven will ban Russian...

Blog

Climate Lockdowns Are Here

  In a development that has been widely broadcast for decades (to those tuned to the correct frequency), Western countries have begun implementing the next step in the government-by-emergency manual. Indeed, once the public allows government to immolate its...

Substantive Due Process

[T]he conservatives reject substantive due process, which they see as a contradiction in terms that authorizes judges to legislate. If the term sounds odd, it would be odder still to dismiss the idea. As Roger Pilon writes, “By ‘law’ [in due process of law] the...

The Antiwar Comic: The War on Bodies

How quick they switch to the current thing. For more comics, visit The Webcomic Factory. Also, check out my latest book, The Pineys: Book 9: The Witch Hunter Piney.

Ending the Yemen War

There's a Resolution in the House, HJ Res 87, a War Powers Resolution demanding an end to all support for Saudi and UAE's war in Yemen. The new Libertarian Party is working with all the great Yemen war activists to do a pressure campaign on Congress to support it....

The Libertarian Party is Beating the Drums for Peace

For the people turning 21 this fall, America has been at war their entire lives. The Global War on Terror has reached its second generation of soldiers. Defense spending and the global presence of the U.S. military and armaments continue to proliferate. The...

The Scott Horton Show

6/27/22 Dave Decamp on Ukraine, NATO and Antiwar.com

 Download Episode. Scott interviews Antiwar.com News Editor Dave Decamp about the recent developments in Eastern Europe. First, they examine Lithuania closing the easement into Russia’s Kaliningrad territory. The move is a dramatic escalation that Scott and Decamp...

6/20/22 Ramzy Baroud on Israel, Palestine and Mali

 Download Episode. Scott is joined by journalist and author Ramzy Baroud to discuss the deterioration of Israeli Politics and the war in Mali. Israel will hold its fifth election in four years after yet another failure to form a government. Baroud gives some...

Conflicts of Interest

COI #294: The NYT Reveals CIA Officers are Operating in Ukraine

On COI #294, Kyle Anzalone discusses the White House ramping up great power conflict with Russia and China.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

6 Progressive Myths About History (w/ Lawrence W. Reed)

https://youtu.be/HsXj83JNUb4 In May 1939, Treasury Secretary Henry J. Morgenthau Jr., one of Franklin Roosevelt's best friends, testified before the House Ways and Means Committee: "I say after eight years of this Administration we have just as much unemployment as...

Liberty Weekly Podcast

Proxy Wars…The Punishment Due Ep. 221

https://youtu.be/51gBx3rE7zw In this week's episode, I take the audience on an even deeper dive into my most recent piece for the Libertarian Institute. Episode 221 of the Liberty Weekly Podcast is Brought to you by: LibertyWeekly.club Join my membership and...

National Review Senior Editor Turns Rothbardian Ep. 220

https://youtu.be/sJXF9jgj1L4 Managing Editor of the Libertarian Institute and longtime friend and guest of the show Keith Knight joins me in this week's episode to review an article by Joseph Sobran. Sobran was the Senior Editor of the National Review, but questioned...

Patrick MacFarlane on the Hrvoje Moric Show Ep. 219

https://youtu.be/yI1ND-TJR8g This week's episode is a mirror of my recent appearance on the Hrvoje Moric Show on Tnt Radio. We discuss the war in Ukraine, China, and the brave new world we are sleepwalking into. Hrvoje is the host of Geopolitics and Empire Podcast....

Empire of Death: America’s Moral Bankruptcy Ep. 218

https://youtu.be/7yZEk73JdVo In this episode, I take a deeper dive on my latest editorial up at the Libertarian Institute, share my experience at Chillderburg, introduce my new newsletter website, and thank several outlets that have started reprinting my Libertarian...

Year Zero

Nihilism w/Buck Johnson

Buck joined me to discuss Nihilism by Fr Seraphim Rose. Nihilism is an interesting critique of liberalism that walks through the stages of societal degradation. Fr Seraphim determines that the replacement of an objective truth with relative truth sends the world into...

A Deep Dive w/Monica Perez

Monica Perez joined me for an in depth conversation on culture, religion, ESG, WEF, the future, and how the 21st Century is different than the 20th Century. Monica Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate...

Love and Fear w/Courtenay Turner

Courtenay and I talk ESG, intentional communities, motivations, elites, and the future. Courtenay Twitter Courtenay Turner Podcast Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Shadowy Figures Surrounding 9/11 w/Adam Fitzgerald

Adam Fitzgerald joined me to discuss the less talked about aspects of 9/11. We spent most of our time discussing the characters involved and around the event. We could have gone for hours on this subject, but as you will hear, I hit a wall at the 2 hour mark. Adam...

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