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CNN And WaPo Demand That Trump Further Escalate Tensions With Russia

CNN And WaPo Demand That Trump Further Escalate Tensions With Russia

CNN has aired a segment in which pundit Fareed Zakaria tells the network’s audience that the US president has “been unwilling to confront Putin in any way on any issue” and asks “will Venezuela be the moment when Trump finally ends his appeasement?”

The segment is a near-verbatim reading of Zakaria’s Washington Post column from a couple of days prior, so that’s two massive prongs through which this false and pernicious narrative is being driven into mainstream consciousness claiming that the Trump administration has been far too dovish toward Moscow, rather than dangerously hawkish as is actually the case.

Zakaria begins his segment by describing the Trump administration’s (completely illegitimate) efforts to oust Venezuelan President Nicolas Maduro, then describing Russian efforts to counter this agenda as an attempt to “taunt the United States.” He then spends the rest of the segment asking if Trump will be brave and patriotic enough to further escalate tensions against a nuclear superpower. Zakaria concludes by implying that if Trump fails to increase world-threatening nuclear tensions to effect yet another US regime change intervention in yet another oil-rich country, it will be because he is a Kremlin agent.

“The big question for Washington is: Will it allow Moscow to make a mockery of another U.S. red line?” Zakaria said. “The United States and Russia have taken opposing, incompatible stands on this issue. And as with Syria, there is a danger that, if Washington does not back its words with deeds, a year from now, we will be watching the consolidation of the Maduro regime, supported with Russian arms and money.”

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

Patrick Barron–My letter to the NY Times re: Typical Keynesian Whitewash

Patrick Barron–My letter to the NY Times re: Typical Keynesian Whitewash

Dear Sirs:
Fareed Zakaria’s review of the Adam Tooze book Crashed: How a Decade of Financial Crises Changed the World is a typical Keynesian whitewash of a deeply flawed monetary and regulatory system. Like Tooze, Zakaria sees the Federal Reserve Bank as the hero in “saving the financial system” that was going into free fall in 2008. But why was it going into free fall, and was the Fed’s massive, multi-trillion dollar bailout really the answer? To agree with Tooze and Zakaria is to condone monetary counterfeiting pre-2008 and even more monetary counterfeiting thereafter. One of the prime purposes of sound, as opposed to fiat, money is to allocate scarce resources. The Keynesians do not admit that resources are scarce. They equate the medium of exchange, in this case fiat dollars, with real capital. Yes, fiat dollars can be increased to unlimited amounts at the click of a Federal Reserve Bank computer, but real resources and real capital must be accumulated by hard-working people. Zakaria and Tooze–and the rest of the Keynesian dominated Main Stream Media like the New York Times–fail spectacularly to understand the distinction.

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