The Fed

‘When somebody’s president of the United States, the authority is total, and that’s the way it’s gotta be. … The federal government has absolute power.’

It started with these tweets this morning: https://twitter.com/realDonaldTrump/status/1249712413219397632 Then boy did he just dig the deepest constitutional hole in the world with this one. https://twitter.com/atrupar/status/1249834932513505280 Lady reporter kept asking him, "Who told you that? That's not true." Then Pence took the podium, was asked if that's what he thought too, and cited the "national emergency." Mostly they were just bullshitting. They're not going to try to order the governors to obey any lifting of the lockdowns. But it does go to show how easy it is for them to...

The Fed’s War on Savings

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During a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. Ten days later, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse. The aid package includes handouts and loans to individuals, small businesses, and other distressed industries. Read the rest at the Tenth Amendment...

Complying with White House Orders for a Pandemic Mask

White House sez wear a mask, I wear a mask. But I don’t expect to get hired as a mask consultant. For the record: I’ve been wearing masks for several weeks.  In my March 24 Daily Caller oped on Pandemic Security Theater, I wrote: “Before granting politicians any more powers, we should recognize how the pandemic became a fiasco in part due to federal follies and falsehoods. The feds urged people not to bother wearing facemasks but widespread use of surgical masks could have “flattened the...

Meet The New Boss – At The Fed

Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury. In other words, the federal...

Americans Dropping Dead

The excess death rate in the U.S.A. has increased dramatically since the great crash of 2008. This is all because of the federal government. And the next one is coming.

Today Is National Savings Day

National Savings Day sets aside October 12th to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem. Not a day the Federal Reserve celebrates. The daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current...

Who Needs the Devil When You’ve Got the US Government?

Meet Gary Rhines. He's done 18 years of a life sentence for possession of a small amount of cocaine. While in prison, he's rehabilitated himself and stuff, from the kind of person who would be a drug businessman to another kind. When a federal judge decided to invoke a new law in order to set Rhines free, the federal prosecutor objected, saying that at least he ought to have to "serve" the full 30 years currently recommended for his "offense" against government-imposed contraband restrictions. In this case, the federal judge refused and finally let this peaceful human out of his cage --...

Austin Independent School District: Stop Feeding Your Children Breakfast

This morning on the 590 AM KLBJ radio news I heard them read a press release from the AISD asking parents to stop packing lunches for their kids, and -- I swear I'm not making this up -- asking them also to stop feeding their children breakfast, and to leave that up to the public schools instead, so they can ask for more money from the federal government to buy better food later. They had no idea that this was shameful, horrible, cynical, corrupt, embarrassing. This is just how business is done in Nazi/Commie America in the 21st Century. What's the problem? Update: Here's partial...

Money-Supply Growth Remained Sluggish in May

Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low. In May, year-over-year growth in the money supply was at 2.21 percent. That was up from April's growth rate of 2.00 percent. May 2019's growth rate was well down from May 2018's rate of 4.19 percent.   The money-supply metric used here — the "true" or Rothbard-Salerno money supply measure (TMS) — is the metric developed by Murray...

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

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...

Privacy and the Constitution

"[B]oth the [']liberals['] and the conservatives misunderstand privacy. The conservatives engage in a narrow and unnatural reading of the Constitution in order to avoid seeing what they do not wish to see, while the [']liberals['] find in the Constitution not...

Week of Action on Yemen

Scott Horton and the Libertarian Party, among others, are whipping up support for a week of action to end US involvement in the Yemen War. And you can help. H.J. Res. 87 was introduced on May 31. The bill would "direct the removal of United States Armed Forces from...

The Scott Horton Show

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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