deficit

Europe Is Trapping Itself Through Monetary Manipulation

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There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide. The Fed just hiked 50 basis points for the first time since 2000 and will be running off its balance sheet forcing the Treasury to stop issuing new debt at stupid rates. The European Union unveiled a sixth sanctions package against Russia which calls for a complete embargo of all Russian oil. Further to this the EU is now...

Abolish Society Security

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Social Security is the compulsory government retirement program Americans are required to pay into for as long as they are employed. All revenue which is used to pay for Social Security is acquired through payroll taxes. More specifically, it is acquired through Federal Insurance Contributions Act (FICA) taxes, which also fund Medicare and Social Security disability benefits. A specific portion of these taxes then pay for the benefits received by retired Social Security beneficiaries, currently a pension averaging $1,657 per month which is eligible to individuals over the age of 62. In...

The ‘Threat’ of the Big Bad Bear

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At the height of the late Cold War period, Andrew Cockburn wrote The Threat, a book that explored the bear cave of assumed Soviet military dominance. Challenging the narrative of Soviet supremacy—the belief that the Red Bear not only had greater numbers in their favor but also technological marvels that were capable of ensuring swift victory in time of war—Cockburn exposed myths that had been invented: a perceived supremacy that helped justify NATO, the Pentagon’s spending sprees, and a military-industrial complicated nation state that continues to grow long after the Berlin Wall fell and...

Our Monetary System Is Between a Rock and a Hard Place

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Last November, the Federal Reserve System announced tapering (a gradual reduction of the central bank’s monthly asset purchases to the point of ending the asset purchase program, which means that the Fed would stop increasing its balance sheet). In December, it announced another decrease in monthly asset purchases. And in the last Federal Open Market Committee meeting, held on December 14–15 and published in January, the committee participants spoke not only of finishing the tapering, but also of a faster rate hiking. In addition, participants spoke of reducing the Fed's balance sheet...

The Pharma Revolution Is Being Televised

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Marketing is essentially the art of persuading people to buy what they would not have bought, left to their own devices. This is achieved through manipulating either desires or perceptions of need. People who do not watch television are exposed to much less advertising of consumer products than are people who do. Similarly, the less time one spends surfing the internet, expressing either explicit or implicit interest in buying possible products, the fewer items there will likely be in one’s various shopping carts, not only because marketers now target people with ads catering to their...

Inflation Is Robbing Your Pocket, Whether You Realize Or Not

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All across the economic dashboard, inflation indicators are blinking red. Most recently, the Personal Consumption Expenditures (PCE) index, calculated by the Bureau of Economic Analysis, rose 5.7% from November 2020 to November 2021. That’s the biggest year-over-year surge since September 1983. Many mistakenly attribute today’s rising prices solely to supply chain woes, and government officials are happy to fertilize that mythology—as Kamala Harris reflexively did last week in her rambling, didn’t-do-the-reading response to a question from Margaret Brennan: The truth is, in the words of...

Lunatic With a Plan: Erdogan and Turkey’s Economic Woes

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Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the economy of a valuable member of NATO geostrategically. Since the first shots across the bow by the Trump administration at Erdogan’s toying with those powers east of the Bosporus (Russia, China and Iran) the Turkish lira has been the primary mode of attack against Erdogan. Erdogan has pursued what has been deemed unorthodox...

The Blowback of 75 Years of Dollar Hegemony

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There is no question. The United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example, due to the mechanics of the petrodollar, oil is settled in dollars regardless of where it comes from. Consequently, not only does this frustrate U.S. rivals by making them vulnerable to trade sanctions, but ultimately causes them to craft savvier innovations to conduct commerce. This is what the Central Intelligence Agency...

Biden’s Keynesian Course: Riding the ‘Multiplier’

White House Chief of Staff Ronald Klain tweeted on Wednesday: “Stronger COVID measures produce STRONGER ECONOMIC outcomes.  That’s why jobs, growth, and economic activity are UP this year, significantly over last year.” Actually, jobs and economic activity have rebounded because governors are no longer locking down businesses, schools, and daily life. But Biden’s team is painting its latest COVID decrees as the key to renewed prosperity. Biden’s team is tacitly invoking a long history of multipliers to justify government interventions. In the 1930s, John Maynard Keynes popularized the...

The Fed’s Big Flub Up

What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies—the neocons’ promotion of perpetual war and the Fed's manipulation of the money supply—are complete failures, having produced the opposite of the promised results. The latest example of the Federal Reserve engaging in Bill Kristol-like levels of denial is the Fed’s continued insistence that the return of 70s-style inflation is a “transitory” phenomenon resulting from the end of the lockdowns. The Fed has acknowledged the “transitory” inflation will last until at least 2022, yet...

News

News Roundup 5/23/2022

US News The Pentagon misspent covid relief funds. [Link] The Biden administration official makes Colombia a major non-NATO ally. [Link] Russia Zelensky warns Russia will come for America if Ukraine falls. [Link] A Ukrainian court ordered the arrest in absentia of...

Sen. Cruz, Gen. Milley, Zelensky Say Ukraine Is Vital to National Security

As the costs of supporting Ukraine’s war effort soar well beyond $50 billion, high-level officials are seeking to sell Americans on even more military spending, with senators, generals and the Ukrainian president himself each insisting aid to Kiev is vital to American interests, amid rampant inflation, mounting shortages and monumental public debt in the US.

Blog

350 Legend vs. 30-30: Which Hunting Legend Prevails?

Many deer have been harvested using a 30-30. It was marketed as a sporting cartridge, and it's held that reputation for over 100 years. A new cartridge on the market is ready to challenge the legendary 30-30. The 350 legend is eerily similar, with a few slight...

I Am Grateful For My Suffering

I am grateful for my suffering. I truly am. These are not words I utter in some halfhearted, feeble effort to brighten my mood or motivate my day. Fortunately for me, I am not battling depression. It’s been a challenging few years; Entrepreneurship. Battling Cancer....

Former U.S. Navy Sailor Makes the Case for Libertarianism

https://youtu.be/uI0iYWMK8Z8 [J]ustice is the means by which an individual who was victim to a criminal act is made whole again. If a statist society cannot perfect man’s own construct, how could a stateless society fare any better? Derek R. Wills, The Liberty...

The Scott Horton Show

5/21/22 Hassan El-Tayyab: Now Is the Time to End the War in Yemen

 Download Episode. Hassan El-Tayyab of the Friends Committee on National Legislation joins Scott on Antiwar Radio to discuss the effort to end the war in Yemen. Both sides have agreed to a ceasefire which has brought the level of violence down and the access to food...

5/19/22 Patrick Cockburn on the Arrogance of War Hawks on All Sides

 Download Episode. Scott talks with Patrick Cockburn about Russia’s war in Ukraine and the Western response. Cockburn argues that, regardless of any media spin, the Russians are running into more trouble than they expected to in Ukraine. He chalks that up to hubris...

5/16/22 Ted Snider: Did the CIA Oust Imran Khan?

 Download Episode. Scott is joined by Ted Snider to discuss the removal of Pakistani Prime Minister Imran Khan. Khan’s government announced in June of 2021 that Pakistan would no longer host any American military bases. Then, earlier this year, Khan was forced out by...

Conflicts of Interest

COI #280: Con Men Claim Ukraine Is Vital to American Security

On COI #280, Kyle Anzalone discusses recent news about possible war with Russia. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6...

COI #279: The Evil Republicans guest Patrick MacFarlane

On COI #279, Patrick McFarlane returns to the show to discuss the most hawkish GOP members of Congress. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

COI #278: George W. Bush Finally Says Something True About Iraq

On COI #278, Kyle Anzalone and Connor Freeman cover former President George W. Bush’s viral confession- by-gaffe to war crimes in Iraq, President Joe Biden’s resistance to Kiev’s demands for long range rocket launchers, U.S./Israeli war drills aimed at Tehran, and the...

COI #277: The Bipartisan Consensus HATES Diplomacy

Kyle Anzalone discusses the latest news about the war in Ukraine and NATO expansion. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6...

Don't Tread on Anyone

The Problem With 2000 Mules

https://youtu.be/cwRkItxSbxs “I do not think we should have pushed for an election in the Palestinian territories. I think that was a big mistake,...[A]nd if we were going to push for an election, then we should have made sure that we did something to determine who...

Liberty Weekly Podcast

An Economic Reckoning ft. Clint Russell Ep. 217

https://youtu.be/B4rBZcugFw0 Clint Russell joins me in this week’s episode of Liberty Weekly. Clint is the host of Liberty Lockdown, a podcast that took the liberty scene by storm during the COVID-19 lockdowns. Before Clint launched Liberty Lockdown, he was a private...

On the Brink of Nuclear War ft. Connor Freeman Ep. 216

https://youtu.be/CJ62Lw1PJsg In this episode of the podcast, I speak with Connor Freeman about the dismal state of U.S./Russian relations. We discuss the spiraling escalation in Ukraine and U.S. policy decisions which signal that the unthinkable may be inevitable....

Addiction and COVID-19 ft. The Clean Libertarian Ep. 215

https://youtu.be/38r3URgicX4 Much has been said about the excess rate of substance abuse during COVID-19. To try to understand some of these causes, I brought on my friend Drew Cook of the Clean Libertarian. Drew is a recovering addict who is now working to help other...

Press Censorship in Wartime Ep. 214

https://youtu.be/s5Jhj1smhFI With the risk of kinetic war between the US and Russia becoming more and more likely each day, the United States is already marshalling its forces to silence domestic and international dissent to the conflict. In this episode, I examine...

Year Zero

A Conversation with Patrick MacFarlane

Patrick joined me again. In this episode we discuss Ukraine Russia, China, culture, democrats, republicans, and traditional family. Liberty Weekly Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

The Network w/John Robb

John Robb joined me to talk about the network, its operations, where it fails, and why he thinks conspiracy theorists are wrong. Global Guerillas Substack Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

America’s Response to the War in Ukraine w/Dave DeCamp

Dave DeCamp joined me to discuss the American reaction to the war in Ukraine. We discuss how the sanctions and information war seem to be targeting Americans rather than the Russian politicians. Is the Biden Administration utilizing propaganda to manufacture consent...

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