The U.S. spends more on warfare than the next 10 countries combined. The Pentagon is the largest employer in the world!
Aren’t you glad we have a global military empire?
Charles to speak at Mises Circle in Phoenix November 7, 2015.
Charles joins Lew Rockwell, Jeff Deist, William Boyes, and others to discuss What Must Be Done.
The Mises Institute is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition.
Mises Circle presentations are wonderfully informative events. Students wishing to apply for a scholarship for sessions and lunch should submit an application to the Mises Institute.
The Mises Circle will meet at the Hilton Phoenix Airport on Saturday, November 7. Registration begins and bookstore opens at 9:00 a.m. Sessions begin at 10:00 a.m. and end at 3:00 p.m., including lunch. Parking is free. The Mises Bookstore will be on site, and speakers are happy to autograph books.
SWORDS INTO PLOWSHARES: A Life in Wartime and a Future of Peace of Prosperity
I received a review copy of Ron Paul’s new book, Swords into Plowshares, the other day. I am amazed at – and his countless fans will love – the first hand account of formative life experiences the normally reticent Ron has provided. This is as much of an autobiography as Ron Paul’s admirers are ever likely to get. But all the better to depict the era of warfare that has prevailed throughout his life.
Ron Paul has been Washington’s greatest (and sometimes it seems only) champion of the foreign policy the founders recommended: peaceful and non-interventionist. Now Dr. Paul has written a moving account of his own awakening about war and destruction, about peace and prosperity.
From the book description:
“In his latest book, Swords into Plowshares, Dr. Paul reveals an intensely personal side as he reflects on growing up during World War II. The book also provides a powerful critique of the corruption and corrosion produced by a 20th century full of war and killing. Ever the optimist, however, Paul leaves behind the ashes of a 20th century of war to finish with a stirring, liberating view of the future we may choose if we turn from war and violence.”
Order Ron Paul’s new book HERE!
Crony Militarism and Greek Debt
Not to excuse the role of Greek socialism in the current debt/currency issue (that would be so unlike me), but only to add another dimension to Greece/Germany news.
The recent Greek Defense Minister is doing 20 years in prison, caught taking an €8 million bribe for the purchase of German submarines.
A little more worth reading from The Guardian:
“Along with German subs, the Greeks have bought French frigates, US F16s and German Leopard 2 tanks. In the 1980s, for example, the Greeks spent an average of 6.2% of their GDP on defence compared with a European average of 2.9%. In the years following their EU entry, the Greeks were the world’s fourth-highest spenders on conventional weaponry.
“So, to recap: corrupt German companies bribed corrupt Greek politicians to buy German weapons. And then a German chancellor presses for austerity on the Greek people to pay back the loans they took out (with Germans banks) at massive interest, for the weapons they bought off them in the first place. Is this an unfair characterisation? A bit. It wasn’t just Germany. And there were many other factors at play in the escalation of Greek debt. But the postwar difference between the Germans and the Greeks is not the tired stereotype that the former are hardworking and the latter are lazy, but rather that, among other things, the Germans have, for obvious reasons, been restricted in their military spending. And they have benefited massively from that.”
Read more HERE
In The Dollar Meltdown I wrote that in our digital age deducting even the tiniest fraction of an ounce of gold from your account for purchases should be cyberspace child’s play. In their mature form digital gold currencies will be as big as Visa and MasterCard.
In acknowledgement of the larceny they have propagated on the people, state currencies deserve to become a thing of the past. Now, that process of obsolescence has begun. As my friend Michael Shedlock (Mish) explains, BitGold, a real-time platform for savings and payments in gold, has launched in the U.S.
BitCoin has a good bloodline, formed in conjunction with GoldMoney.com, an innovator that I have followed and recommended for years.
Here’s a link to WhyBitGold? at Mish’s Global Economic Trend Analysis with details.
The Fed reports that US Gov is now “guaranteeing” more financial activity than ever!
Up to 60 percent of financial system liabilities protected from loss by explicit or implicit government guarantees.
Even the Central Bank views this with alarm: “When creditors expect to be protected from losses, they will overfund risky activities, making financial crises and bailouts like those that occurred in 2007-08 more likely.”
Read more HERE.
Only one Iowan showed up at a Rick Santorum campaign event Monday, 6/8.
Rand Paul and Ron Wyden to call for release of redacted 9/11 report.
“We have booby trapped the financial system of the world!”
Who are going to believe: Legendary investigative reporter Seymour Hersh or your lying government?
The White House couldn’t keep its story straight in the days following President Obama’s May 2, 2011 announcement that Osama bin Laden had been killed. The changing story should have been your second clue that much the account was balderdash.
Your first clue was that it was the government talking.
Now Seymour Hersh, the fiercely independent reporters who broke blockbusters such as the My Lai massacre story and the Abu Grahib prison revelations, says, “The White House’s story (about the bin Laden killing) “might have been written by Lewis Carroll.”
The Hollywood Zero Dark Thirty tale of tracking a courier? Balderdash!, says Hersh.
Pakistani top brass didn’t know about the raid? Poppycock! says Hersh.
Pakistanis didn’t know where bin Laden was? Flapdoodle! says Hersh.
Read Hersh’s whole story HERE!
More on the U.S. role in creating ISIS!
The interventionist geniuses strike again! The Republicans interest in Benghazi has always been about finding ways to embarrass and undercut Hillary Clinton. Overlooked in the struggle for power between the two interventionist parties is the role the bi-partisan U.S. Libyan policy and other meddling played in the creation of ISIS.
Now – as though we needed more evidence – comes a secret 2012 DIA document “exposing how the West knowingly fostered a sectarian, al-Qaeda-driven rebellion in Syria.”
Read about it and weep for the brutality ISIS has unleashed on innocent people.
THE FOREVER WAR!
The presidential candidates are falling all over themselves to say they wouldn’t have gone to war in Iraq if they knew then what they know now. But many of us did know then what they didn’t know. Meanwhile the mighty wizards of Washington have still not learned the lessons of our global interventionism and of THE EMPIRE OF LIES.
Marc Clair interviews Charles…
In this episode of the Lions of Liberty Podcast, host Marc Clair welcomes in NY Times bestselling author and longtime libertarian radio personality Charles Goyette.
Charles explains how he first found himself identifying with libertarian ideals, and how he would work these ideas into his successful radio show. Charles then describes how sticking to his convictions affected his career.
The people are hungry to hear the truth!
Thanks to Chris Rossini for posting these first two photos at TargetLiberty.com. Starting with Hillary Clinton’s appearance at Georgetown.
Compare that to the crowds that want to hear the truth from Ron Paul!
And just to drive the point home, here’s is a typical Mitt Romney event during the last presidential campaign.
Did they have to bring homeless people in off the streets to even get this turnout?
Compare that to the turnout for the man of the people!
The Rich and the Really Rich
Fed Chair Janet Yellen, we learned last month, is “greatly concerned” with America’s growing wealth gap.
That’s a little like Al Capone being concerned with bank robberies.
Is it possible that Janet Yellen has not noted the correlation and causation of Fed policies and the concentration of wealth at the top in America?
Because it’s pretty hard to miss.
It’s not just a question of the richest 1 percent getting richer. The concentration of wealth has grown even more top-heavy than that. A recent New York Times story on the phenomenon begins with the account of a private jet broker. He says that in the past the sale of big and small jets rose and fell together with the turns of the economy.
But now the market is divided. According to the Times, “Sales of the largest, most expensive private jets — including private jumbo jets — are soaring, with higher prices and long waiting lists. Smaller, cheaper jets, however, are piling up on the nation’s private-jet tarmacs with big discounts and few buyers.”
U.S. wealth inequality was driven to all-time highs in that fateful year 1929.
– More at MoneyandMarkets.com
Why I’m Glad to See Lower Gold Prices
It’s probably Milton Friedman’s most famous saying: “Put government in charge of the Sahara desert and in five years you’ll have a shortage of sand.”
What sand is to the Sahara, petroleum is to Venezuela. Venezuela has the largest oil reserves in the world. More even than Saudi Arabia. It has proved reserves of 297 billion barrels.
But now Venezuela, an oil exporter for almost a century, can’t even meet its domestic oil needs.
Venezuela has begun importing oil.
It’s a familiar story. Like most states, Venezuela is a stranger to fiscal and monetary prudence. It has failed to make the necessary capital investments in its oil industry. Having nationalized the industry and seized the assets of joint venture partners like ExxonMobil and Conoco, Venezuela now finds that others are unwilling risk investing in production deals there.
So now Venezuela has to import oil from places like Algeria and Russia. The money to pay them for oil to make an exportable crude blend will soon run out, too. Then gasoline will join the list of Venezuela’s other shortages like soap and shampoo, rice and milk, coffee and sugar, and even toilet paper.
I write occasionally about events in places like Venezuela and Argentina because they are like laboratory experiments in crazy statist policies and crackpot economic theories.
Despite the consequences there for all to see, we are busily implementing variations of the same policies here.
What does it mean to “put government in charge” of the Sahara’s desert sand or of Venezuela’s oil? It means central economic planning by boards and bureaucrats. It means price interference and controls by politicians. It means cronyism.
Just like putting government in charge of American health care.