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Debt, Death, and the US Empire

Debt, Death, and the US Empire

Deep State Operative John Bolton

In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt.  Speaking before the Alexander Hamilton Society, Bolton warned that current US debt levels and public obligations posed an “economic threat” to the nation’s security:

It is a fact that when your national debt gets to the level ours is, that it constitutes an economic threat to the society.  And that kind of threat ultimately has a national security consequence for it.*

What was most surprising about Bolton’s talk was that there has been little reaction to it from the financial press, the markets themselves, or political commentators. While the equity markets have been in the midst of a sell off, it has not been due (as of yet) to US deficits, currently in excess of $1trillion annually.  Instead, the slide has been the result of fears over increase in interest rates and the continued trade tensions with China.

While Bolton’s warning about the debt is self-serving, it is accurate in the sense that the US Empire which, in part, he directs is ultimately dependent on the strength of the economy.  “National security” is not threatened by a debt crisis which would mean a compromised dollar, but such an event would limit what the US could do globally.  Real national security is defense of the homeland and border control – non intervention abroad.

War mongers like Bolton are fearful that a debt crisis would necessitate a decline in US power overseas.  America is fast approaching what took place with the British Empire after its insane involvement in the two World Wars and its own creation of a domestic welfare state which exhausted the nation and led to the displacement of the British pound as the “world’s reserve currency.”

…click on the above link to read the rest of the article…

Is Political Decentralization the Only Hope for Western Civilization?

Is Political Decentralization the Only Hope for Western Civilization?

US Secssion Map II

A couple of recent articles have once more made the case, at least implicitly, for political decentralization as the only viable path which will begin to solve the seemingly insurmountable political, economic, and social crises which the Western world now faces.

In the last few months, over 3,000 millionaires have fled the hopelessly corrupt and bankrupt state of Illinois.  When asked, 47% of Illinoisans would like to leave the state which, over the last decade, has seen over a half million of its residents flee.  Naturally, this exodus has exacerbated the Land of Lincoln’s financial straits to catastrophic levels.*

A report published by the American Legislative Exchange Council predicted that the tax flight which is occurring in Illinois will similarly take place in the coming years in high-tax blue states such as California and New York.  The 2017 Trump tax reform will accelerate this process since under the new legislation the amount of state income tax that can be deducted on federal tax returns has been capped at $10,000 per family.  The authors of the report wrote: “. . .  high [income] earners in places with hefty income taxes – not just California and New York, but also Minnesota and New Jersey – will bear more of the true cost of their state government.”**

The not too subtle consequences of the new tax code will mean an even greater exodus of taxpayers out of blue states which will shrink state revenues even further and create job losses across the board.

While those who want to escape the crushing burden of individual state taxation and regulation, if they have the means and desire to do so, can move to more favorable climes, no such option exists (except the drastic step of expatriation) to escape federal tyranny.

…click on the above link to read the rest of the article…

“Strong Dollar,” “Weak Dollar,” What About a Gold-Backed Dollar?

“Strong Dollar,” “Weak Dollar,” What About a Gold-Backed Dollar?

gold backed dollar

The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronoucements and reversals which will take place in the coming months/years as the world’s reserve currency continues to be compromised.  So far, the Greenback has had its worst start since 1987, the year of a major stock market reset.

The brief firestorm was set off by Treasury Secretary Steven Mnuchin who said in response to the dollar’s recent slide, “Obviously, a weaker dollar is good for us, it’s good because it has to do with trade and opportunities.”*  Mnuchin backtracked a bit as international financial leaders criticized the apparent shift in policy while Administration officials sought to clarify the Secretary’s remarks.  President Trump weighted in on the matter saying, “Ultimately, I want to see a strong dollar” and added that Mnuchin’s comments were “taken out of context.”

While President Trump sought to allay jittery currency markets that monetary policy had not changed, candidate Trump supported the Federal Reserve’s suppression of interest rates and did not want to see a rising dollar:

I must be honest, I’m a low interest rate

person.  If we raise rates and if the

dollar starts getting too strong, we’re going

to have some very major problems.**

Of course, the entire uproar about a strong dollar versus weak dollar is a sham. When the dollar (and for that matter all other national currencies) cannot be redeemed for either gold or silver, it is inherently “weak” and ultimately worthless.  That this obvious fact is not recognized by the Trump Administration, international monetary authorities, and the financial press demonstrates just how unstable the dollar and world currencies actually are.

…click on the above link to read the rest of the article…

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