The Builders, by Robert Gore

Where liberty is, there is my country.

Benjamin Franklin

The builders will be in the driver’s seat.

Debt is any enemy of government’s perfect ally. The more a government borrows the more it’s weakened. The consequences of debt, required repayment of principal, and compounding interest are inexorable, forestalled by central bank and government machinations but never prevented. The longer they forestall the more severe the consequences. Central banks and governments have fostered the world’s greatest debt bubble and promoted negative interest rates to facilitate it. An unprecedented tsunami of debt has creditors paying borrowers to lend them money. This weird and anomalous combination, impossible in a world without central banking, portends global disaster.

The enemies of government have only to wait. When the reckoning arrives, governments will find they no longer have the means to wage war or control their populations (see “The Illusion of Control,” Part 1 and Part 2, Robert Gore, SLL ). Their demands on their nations’ productive taxpayers and their depreciation of currencies have stripped their countries of their wealth and ability to produce. Be it by creditors, revolutionaries, or invaders, or some combination of the three, these governments will be toppled and replaced by something new. It’s a story as old as human history.

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Robert Gore on Radio

I appeared on the Arterburn Radio Transmission with Tony Arterburn on October 29. We talked about my SLL article, “Make the Truth Irrelevant.” You can follow this link for the Brighteon video of the show.

Tony is a veteran. Having seen war first hand, he has his head screwed on right about America’s interventionist military and foreign policy, and most everything else. He is in San Antonio and his show is on Freedom 1160 AM at 8:00 PM Monday through Wednesday and Friday evenings. His wife, Melissa, helps him produce the show. The website for the show is arterburn.news and the call-in number is 210-526-3656.

 

Climate Myths, by John Stossel

The climate change activists don’t want to debate John Stossel or anyone else about the scientific basis for their claims. That couldn’t be because their case is so weak, could it? From John Stossel at theburningplatform.com:

Climate Myths

“How dare you? You have stolen my dreams and my childhood!” insisted teenage climate activist Greta Thunberg at the United Nations. “We are in the beginning of a mass extinction!”

Many people say that we’re destroying the Earth.

It all sounds so scary.

But I’ve been a consumer reporter for years, and I’ve covered so many scares: plague, famine, overpopulation, SARS, West Nile virus, bird flu, radiation from cellphones, flesh-eating bacteria, killer bees, etc. The list of terrible things that were going to get us is very long.

Yet we live longer than ever.

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The Socialism of the Federal Reserve, by Jacob G. Hornberger

The Federal Reserve is the government’s main monetary super-planner. Whatever such an arrangement is called, it is not capitalism. From Jacob G. Hornberger at fff.org:

The Federal Reserve is the federal entity charged with determining the quantity of money in the American economy. To boost the economy, it expands the money supply. If the economy gets too “overheated,” it slows the rate of increase.

In other words, the Fed is the government’s monetary central planner. It plans the monetary affairs of hundreds of millions of people through monetary manipulation.

Central planning is a core principle of socialism. Central planning rejects the concept of economic liberty and free markets, which rely on the absence of government interference. Instead, it relies on a board of government officials who make economic decisions for hundreds of thousands or millions of people in a top-down, command-and-control manner.

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Reclaiming Your Inner Fascist, by C.J. Hopkins

First reclaim your inner fascist, then tame it, and don’t even think about entering  politics. From C.J. Hopkins at unz.com:

OK, we need to talk about fascism. Not just any kind of fascism. A particularly insidious kind of fascism. No, not the fascism of the early 20th Century. Not Mussolini’s National Fascist Party. Not Hitler’s NSDAP. Not Francoist fascism or any other kind of organized fascist movement or party. Not even the dreaded Tiki-torch Nazis.

It’s the other kind of fascism we need to talk about. The kind that doesn’t come goose-stepping up the street waving big neo-Nazi flags. The kind we don’t recognize when we’re looking right at it.

It’s like that joke about the fish and the water … we don’t recognize it because we’re swimming in it. We’re surrounded by it. We are inseparable from it. From the moment we are born, we breathe it in.

We are taught it by our parents, who were taught it by their parents. We are taught it again by our teachers in school. It is reinforced on a daily basis at work, in conversations with friends, in our families and our romantic relationships. We imbibe it in books, movies, TV shows, advertisements, pop songs, the nightly news, in our cars, at the mall, the stadium, the opera … everywhere, because it is literally everywhere.

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Peter Turchin And The Coming Crisis Of The 2020s, by Lance Welton

The 2020s are going to be rough. From Lance Welton at vdare.com:

Increasingly, social science is dominated by Leftist ideologues who use the remaining respect that academia still has among the public to inculcate students and public alike with their equalitarian dogmas. But there are honorable exceptions. One of these: Peter Turchin, a Russian who is professor of Evolutionary Biology at the University of Connecticut. Turchin, who did PhD at Duke University, applies his “hard science” training to the Woke world of social science, aiming to make clear and testable predictions about the cycles through which civilizations go. According to Turchin, the West is headed for trouble in the 2020s.

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The Next Wave of Debt Monetization Will Also Be A Disaster, by Daniel Lacalle

Central bank monetization of government debt benefits governments and central bank cronies and hurts everyone else. From Daniel Lacalle at dlacalle.com:

ccording to the IMF (International Monetary Fund) and the IIF (Institute of International finance) global debt has soared to a new record high. The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime. This has happened in the middle of an unprecedented monetary experiment that injected more than $20 trillion in the economy and lowered interest rates to the lowest levels seen in decades. The balance sheet of the major central banks rose to levels never seen before, with the Bank Of Japan at 100% of the country’s GDP, the ECB at 40% and the Federal Reserve at 20%.

If this monetary experiment has proven anything it is that lower rates and higher liquidity are not tools to help deleverage, but to incentivize debt. Furthermore, this dangerous experiment has proven that a policy that was designed as a temporary measure due to exceptional circumstances has become the new norm. The so-called normalization process lasted only a few months in 2018, only to resume asset purchases and rate cuts.

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CDC Petitioned to Stop Lying About Pharma Funds, by Joseph Mercola

The CDC says it doesn’t take money from special interest groups, notably pharmaceutical companies, but it does. From Joseph Mercola at lewrockwell.com:

The fact that the U.S. Centers for Disease Control and Prevention accepts millions of dollars in funding from drug companies and vaccine makers is no minor problem. It may in fact be at the very heart of why so many harmful and nonsensical health recommendations end up being pushed down our throats.

The CDC has long fostered the perception of independence by stating it does not accept funding from special interests. In disclaimers peppered throughout the CDC website1 and in its publications, it says the agency “does not accept commercial support” and has “no financial interests or other relationships with the manufacturers of commercial products.”

Several watchdog groups — including the U.S. Right to Know (USRTK), Public Citizen, Knowledge Ecology International, Liberty Coalition and the Project on Government Oversight — are now petitioning2 the CDC to cease making these false disclaimers.3

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Negative Interest Rates and You, by Mark Nestmann

Negative interest rates are playing havoc with people’s retirement planning. From Mark Nestmann at nestmann.com:

At the end of this past August, an astonishing $17 trillion in global debt had negative yields. About 30% of investment-grade bonds had yields below zero. If you bought these bonds and held them to maturity you were guaranteed to lose money.

Since then, the glut of bonds with negative yields has gone down by about $5 trillion. And that’s led to serious pain to anyone who bought them.

Interest rates throughout the world have been falling almost continuously since the 1980s. The first country to impose negative interest rates on a consistent basis was Sweden, which introduced a -0.25% rate on its “deposit interest rate” in 2009. The much larger European Central Bank (ECB), which sets monetary policy throughout the 19-country eurozone, followed suit in 2014 when it imposed a negative rate of -0.1%.

Negative interest rates were meant to be a temporary emergency measure to prop up moribund European economies. But they’re also a great way for cash-strapped governments to pay the bills.

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