Ann Coulter Calls Libertarians Idiots, Wants Them in Her Party’s Pocket!
But what has the Republican Party done for liberty lately?
In foreign policy? (How about war?)
In federal spending? (Remember Bush II’s drug prescription law?)
Deficits? (Remember Reagan? Remember Bush II?)
Supreme Court? (Chief Justice “ObamaCare” Roberts?)
But we are supposed to vote for them, no matter what. We must sanction them. We must give them legitimacy.
And when they sell us out, we are supposed to stay quiet and re-elect them.
- More from Gary North HERE
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You won’t believe the idea that America’s quintessential foreign policy establishment organ is floating now.
Or maybe you will.
Foreign Affairs is the journal of the Council of Foreign Relations, the organization that seems to drive much of the consensus foreign policy of the country, and from whose membership the top officials of Republican and Democrat administrations are regularly drawn.
In its September/October issue, Foreign Affairs wanders away from the calamity of its interventionist foreign policy consensus to offer equally calamitous interventionist monetary advice.
The publication offers a piece instructing the Federal Reserve to give the money it prints directly to the people.
To make sure there is no mistake about this, the article is even entitled Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People…
That’s where Helicopter Ben Bernanke comes in. Under such conditions Bernanke, citing Milton Friedman before him, said that if need be the Fed could simply drop cash from helicopter doors into the waiting hands of people below….
- More at Money and Markets
The Forever War
The strategy that President Obama laid out Wednesday night to “degrade and ultimately destroy the terrorist group known as ISIL,” is incoherent, inconsistent and, ultimately, non-credible.
A year ago, Obama and John Kerry were straining at the leash to launch air strikes on Syrian President Bashar Assad for his alleged use of chemical weapons in “killing his own people.”
But when Americans rose as one to demand that we stay out of Syria, Obama hastily erased his “red line” and announced a new policy of not getting involved in “somebody else’s civil war.”
Now, after videos of the beheadings of two U.S. journalists have set the nation on fire, the president, reading the polls, has flipped again.
Now Obama wants to lead the West and the Arab world straight into Syria’s civil war. Only this time we bomb ISIL, not Assad….
The president did not tell us how this new war ends.
If Assad falls, do the Alawites and Christians survive? Does Syria disintegrate? Who will rule in Damascus?
The United States spent seven years building an army to hold Iraq together. Yet when a few thousand ISIL fighters stormed in from Syria, that army broke and fled all the way to Baghdad. Even the Kurdish peshmerga broke and ran.
What makes us think we can succeed in Syria where we failed in Iraq.
- Read More HERE
Why the Ukraine Crisis Is the West’s Fault
According to the prevailing wisdom in the West, the Ukraine crisis can be blamed almost entirely on Russian aggression. Russian President Vladimir Putin, the argument goes, annexed Crimea out of a long-standing desire to resuscitate the Soviet empire, and he may eventually go after the rest of Ukraine, as well as other countries in eastern Europe. In this view, the ouster of Ukrainian President Viktor Yanukovych in February 2014 merely provided a pretext for Putin’s decision to order Russian forces to seize part of Ukraine.
But this account is wrong: the United States and its European allies share most of the responsibility for the crisis. The taproot of the trouble is NATO enlargement…
- MORE HERE from John Mearsheimer, Foreign Affairs
The Dollar Anniversary
by Charles Goyette
Much has been made of this week’s 40th anniversary of Richard Nixon’s resignation from the presidency. But while politicians come and go, it is their policies that live after them.
Friday is another Nixon anniversary. It marks 43 years since Nixon announced a major policy, one that continues to play out today and is now hastening to an unhappy conclusion.
It was on Aug. 15, 1971, that Nixon severed the last remaining link of the U.S. dollar to gold.
Oh, to be sure, it was only “temporary,” explained the President.
That was 43 years ago….
Abandoning the gold standard was effectively a devaluation of the dollar. “If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today,” Nixon lied.
As he spoke he knew that the dollar would not be worth “as much tomorrow,” which is why he also announced a strict program of wage and price controls that night.
It was a ham-handed attempt to hide what was being done to the dollar’s purchasing power, freezing prices by governmental edict.
- More at MoneyandMarkets.com.
Obama is now busily bombing American military equipment!
The hasty hand-off of these American weapons to ISIS during its June blitzkrieg was easy enough to explain. On their way out of Baghdad, the Washington “nation builders” had equipped and trained a native army so that it could defend a “nation” which did not exist.
The more interesting mystery is how the ISIS fighters learned how to use Uncle Sam’s advanced weaponry so quickly.
Perhaps the CIA knows.
The Empire Never Sleeps!
Is War Inevitable?
I want to share with you the most discouraging words I have read lately. A matter-of-fact statement that demands consideration. Just an anonymous observation that I had to conclude was depressingly likely.
It was at the end of a Financial Times account of the international court’s $50 billion ruling against Russia in the Yukos oil company case and how claimants would collect.
The FT wrote:
“One person close to Mr. Putin said the Yukos ruling was insignificant in light of the bigger geopolitical stand-off over Ukraine. ‘There is a war coming in Europe,’ he said. ‘Do you really think this matters?’ “
Spoken as an inevitability. “There is a war coming in Europe.”
…. War serves many purposes. It distracts from the malfeasance of the political classes as it busies giddy minds with foreign quarrels. It creates a symbiosis in which the media serves the state in its relentless grab for bigger budgets and greater police powers; while the state feeds the media’s need for high drama and the narcotic of fear. It provides for the deification of the state, which is then entitled to command all resources — human and material — without challenge or objection. If the state is divine, enemies and dissenters alike must be evil and dealt with accordingly.
Despite the myths propagated by Keynesian economists, war does not create prosperity. It does quite the opposite.
Indeed, war provides coverage for the ruination of the economy and it generally relies on the destruction of the currency. And so we find that in World War I consumer prices rose 110 percent; in World War II, they rose 74 percent; 207 percent during the Vietnam War; 35 percent so far during the “War on Terror.”
Wall Street Journal Marginalizes Gold Investors
Editor, The Wall Street Journal:
In a piece of fewer than 500 words purportedly describing the performance of gold prices (Heard on the Street, July 26), your writer uses the word “goldbug” no less than three times. Indeed, it describes the goldbug’s “beloved” metal.
I’m pretty sure it is intended to be demeaning, especially since the very first word of the article is “paranoia.”
Now, nobody uses the term stock bug or bond bug to refer to investors in those markets. Nobody calls someone a real estate bug. The same issue of the WSJ reports that Goldman Sachs is confronting a fine of as much as $1.25 billion for its mortgage securities practices. And yet, despite their wild excesses, nobody at Bear Stearns or Goldman Sachs was ever called a mortgage-backed security bug or CDO hound or anything else for that matter.
But those with an appreciation for gold’s long monetary history and a clear eyed-view of central bank excesses are called goldbugs.
Isn’t this a little out of hand?
I’m very pleased to be a part of Ron Paul’s new venture… Voices of Liberty!
Go to VoicesofLberty.com and sign up to be notified of launch! Now only days away!
Charles Guest Hosts the Laura Ingraham Show Thursday, July 17
Listen as Charles hosts the national Laura Ingraham Show on Thursday, July 17.
It’ll be three hours of Freedom and Prosperity radio with provocative conversation and some outspoken guests!
In most markets The Laura Ingraham Show airs 9 AM – 12 N ET; 6 AM – 9 AM PT.
To find Laura’s home station in your market, go HERE.
The question about impeaching Obama should be, “Impeach him for what?”
So far nobody has found Obama fingerprints on the IRS scandal. If it is tracked directly back to the Oval Office, that would be grounds enough. But nobody has the goods yet….
The real grounds for impeaching Obama should be his arming of al Qaeda affiliates in place like Libya and Syria. That’s life or death. Of course Republicans won’t do that because they have their fingerprints all over the same policy.
In wartime, arming the enemy is an act of treason and it calls for the death penalty. But who is the enemy? The president doesn’t have the authority to wake up grumpy and just declare Russia or China or any other country the enemy.
To have an enemy, you have to have a congressional declaration of war. We don’t have one. And we haven’t had one since World War II.
The founders knew that a formal declaration of war concentrates peoples’ minds wonderfully. That’s why they put it in the Constitution.
If we had followed the Constitution in 2003 and declared war on al Qaeda or whoever the actual enemy was deemed to be it would have prevented a lot of mischief.
More on the Charles Goyette iTunes link
Funding ISIS and al Qaeda affiliates in Syria
Maybe generations of rich, riotous living has left the Saudi royal family brain-addled. But isn’t it obvious that once the ISIS and al Qaeda-like jihadists they have been supporting establish their caliphate in Iraq and Syria, their eyes will turn to Mecca and Medina?
The ISIS caliphate on the March!
A huge harvest of captured American weaponry will now power the ISIS jihadists to more gains.
The Wall Street Journal quotes security analyst Anthony Cordesman as saying that ISIS has taken control of “approximately three divisions worth of equipment and probably at least three depots” in the area around Mosul.
“What they almost certainly do have now is enough ammunition to support a major campaign and enough small arms and vehicles to move quickly,” says Cordesman.
The Unemployment Rate Drops to 6.1 Percent…
But behind the government numbers is the rest of the story.
Actually the number of full-time jobs fell, while the number of part-time jobs jumped. And full-time jobs giving way to part-time jobs is not good news. The Bureau of Labor Statistics says that for June the number of part-time jobs rose by 799,000, but full-time jobs fell by more than a half million, by 523,000.